Thoma Bravo to buy Magnet Forensics for CA$1.8 bn

Thoma Bravo, a leading software investment firm, is set to buy Magnet Forensics Inc., a developer of digital investigation solutions for more than 4,000 enterprises and public safety organizations, for CA$1.8 billion.
VC funding for techThoma Bravo intends to combine Magnet Forensics and Grayshift, which Thoma Bravo acquired in July 2022.

The companies’ offerings are expected to create an end-to-end digital investigations platform empowering more public safety agencies to seek justice, solve crimes, and protect victims.

Grayshift is a leading provider of mobile device digital forensics, specializing in lawful access and extraction. By combining Grayshift’s mobile access and extraction capabilities with Magnet Forensics’s digital investigation suite, customers are expected to be able to leverage the platform to extract, process, examine, collaborate on and manage digital forensic evidence.

Adam Belsher and Jad Saliba, Founders of Magnet, and David Miles and Braden Thomas, Founders of Grayshift, will each hold critical leadership positions in the combined company. Magnet’s Chair, Jim Balsillie, will serve on the board of the combined company.