Thoma Bravo

Data Analytics Company WashMetrix Promises Actionable Business Intelligence for Car Washes

Retrieved on: 
Tuesday, February 28, 2023
Other Professional Services, Software, Data Analytics, Other Retail, Data Management, Professional Services, Technology, Retail, The Wombles, Sage, Workflow, QuickBooks, Organization, CAR, Thoma Bravo, KPI-driven code analysis, Growth, National Pork Producers Council v. Ross, Sale, POS, DRB, HRIS, Renewable energy, Cryptocurrency, Online shopping

WashMetrix, a unified data analytics company, has set its sights on optimizing site operations and financial insights for the professional car wash industry.

Key Points: 
  • WashMetrix, a unified data analytics company, has set its sights on optimizing site operations and financial insights for the professional car wash industry.
  • The company’s software offering is purpose-built for car wash owners to leverage their data in a centralized dashboard.
  • “To keep a sharp sword as you’re building washes and running washes you have to stay on top of your data,” Murry said.
  • Notably, WashMetrix synchronizes with existing point-of-sale and accounting systems to transform raw data into a unified dashboard of analytics.

ForgeRock Announces Strong Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Monday, February 27, 2023
Internet, Security, Data Management, Technology, Software, Cloud, Marketing, ARR, EBITDA, Second request, Depreciation, 3666th Support Maintenance Company, Software as a service, DOJ, Public expenditure, NYSE, Maintenance, GAAP, Acquisition, Investment, Thoma Bravo, Hart–Scott–Rodino Antitrust Improvements Act, ASC, Growth, Tax, U.S. Department of Justice Office of Legislative Affairs, ForgeRock, Bank statement, Exercise, U.S. Department of Defense Strategy for Operating in Cyberspace, Judgement, Agreement, CFO, Support, Nature, Average cost, Cryptocurrency, Video game, Pharmaceutical industry, Bank

ForgeRock, Inc. (NYSE: FORG), a global leader in digital identity, today announced financial results for its fourth quarter and fiscal year ended December 31, 2022.

Key Points: 
  • ForgeRock, Inc. (NYSE: FORG), a global leader in digital identity, today announced financial results for its fourth quarter and fiscal year ended December 31, 2022.
  • “We ended 2022 with $230 million of ARR, representing another solid year of growth for ForgeRock,” said Fran Rosch, CEO of ForgeRock.
  • ForgeRock uses certain non-GAAP financial measures, which are described further below and reconciled to the most comparable GAAP financial measure after the presentation of our GAAP financial statements.
  • Non-GAAP Financial Measures and Key Metrics:
    Besides financial results prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), ForgeRock believes that evaluating its ongoing operating results may be difficult if limited to reviewing only GAAP financial measures.

Nellore Issues Information Circular, Demands Equal Treatment and Full Value for All Magnet Forensics Shares

Retrieved on: 
Monday, February 27, 2023
SV, EBITDA, Canadian House of Commons Special Committee on Electoral Reform, VC, TSX, 195th, Committee, News, CAD, PE, Acquisition, Proxy, Rolling, Collect, Thoma Bravo, Solitaire, MAGT, GOLD, Public, Chairperson, PALO, SEDAR, Grayshift, Parent, Independent Board for Presbyterian Foreign Missions, Health, Disclosure, Security (finance), Holding company, Computer data storage, Airline, Auction, Rare-earth element, Cryptocurrency

The information circular is also available at https://securemagt.com , along with other Nellore materials prepared to oppose the takeover.

Key Points: 
  • The information circular is also available at https://securemagt.com , along with other Nellore materials prepared to oppose the takeover.
  • I am the Founder and Portfolio Manager of Nellore Capital Management LLC, the largest outside holder of Magnet Forensics Inc. with 1.3 million shares.
  • The three insiders get to convert (or roll) the majority of their shares into a new entity.
  • They will enjoy supercharged returns for many years as Magnet is combined with Grayshift LLC, an innovative mobile device extraction specialist.

Fishman Haygood Files Most Comprehensive Suit Yet to Recover Funds on Behalf of Victims of FTX Fallout

Retrieved on: 
Thursday, February 23, 2023
Class Action Lawsuit, Professional Services, Legal, SEN, FTX, SoftBank Group, PLLC, Trust, Signature Bank, Sequoia, Signature, LLP, Research, Fenwick & West, Sam Bankman-Fried, Thoma Bravo, Haygood, Bank, Theft, Silvergate, Silvergate Bank, Sequoia Capital, Alameda Research, Sale, Bank Secrecy Act, Cryptocurrency, Fraud

To further assist with Bankman-Fried’s siphoning of customer funds, the suit alleges, the banks developed state-of-the-art blockchain technologies—Silvergate’s SEN and Signature’s Signet platforms—through which FTX could funnel customer funds through Alameda or other shadowy entities and into Bankman-Fried’s pockets.

Key Points: 
  • To further assist with Bankman-Fried’s siphoning of customer funds, the suit alleges, the banks developed state-of-the-art blockchain technologies—Silvergate’s SEN and Signature’s Signet platforms—through which FTX could funnel customer funds through Alameda or other shadowy entities and into Bankman-Fried’s pockets.
  • The suit also alleges that Deltec Bank and Trust, a Bahamian bank with close ties to Bankman-Fried, helped to fence assets from FTX accounts at Silvergate and Signature to Bankman-Fried’s accounts offshore.
  • The case has been allotted to Judge Jose E. Martinez and is currently being served on defendants.
  • A copy of the suit, which contains a full list of the defendants and comprehensive coverage of defendants’ assistance to the Fraud is available here .

Proofpoint Announces CFO Transition

Retrieved on: 
Wednesday, February 22, 2023
Extreme Networks, Proofpoint, Organization, Alcatel-Lucent, Acquisition, Thoma Bravo, Hewlett Packard Enterprise, CA Technologies, Micro Focus, Growth, CFO, IPO, Proofpoint, Inc., Risk management

SUNNYVALE, Calif., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Proofpoint, Inc ., a leading cybersecurity and compliance company, today announced that Rémi Thomas has been appointed as chief financial officer, effective immediately.

Key Points: 
  • SUNNYVALE, Calif., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Proofpoint, Inc ., a leading cybersecurity and compliance company, today announced that Rémi Thomas has been appointed as chief financial officer, effective immediately.
  • He succeeds Paul Auvil, who is stepping down as CFO of Proofpoint after having served in the role for the past 16 years.
  • Rémi Thomas joins Proofpoint from Extreme Networks, where he was the chief financial officer.
  • “Paul’s steady financial leadership of Proofpoint over the years is a testament to his unwavering commitment to deliver unparalleled stakeholder value while driving profitable growth throughout the company’s journey, and we wish him the very best in his next endeavor,” said Ashan Willy, chief executive officer at Proofpoint.

Intel 471 Names Co-Founder / COO, Jason Passwaters as New CEO

Retrieved on: 
Wednesday, February 22, 2023
Thoma Bravo, Growth, CFO, Culture, Intelligence, Intel, Management

WILMINGTON, Del., Feb. 22, 2023 /PRNewswire/ -- Intel 471, a premier provider of cyber threat intelligence solutions across the globe, today announced that Mark Arena has made the decision to transition from his role as Chief Executive Officer (CEO) to Strategic Advisor. Jason Passwaters, co-founder and Chief Operating Officer (COO) will become the new CEO effective March 1, 2023. Mark Arena will retain his seat on the Board of Directors.

Key Points: 
  • Jason Passwaters, co-founder and Chief Operating Officer (COO) will become the new CEO effective March 1, 2023.
  • "It's a bittersweet moment for me but knowing that Jason would be taking over the CEO role gave me confidence in the continued success of Intel 471."
  • It is humbling to be handed the leadership reins from Mark Arena, with whom I co-founded Intel 471.
  • Jason Passwaters announced a second executive appointment, "Dena Timm, CFO for Intel 471 has been recognized for her stewardship of Intel 471's finance and business operations by being named COO/CFO of Intel 471."

Robbins Geller Files First-of-Its-Kind Lawsuit Against Venture Capital Firms That Backed FTX

Retrieved on: 
Thursday, February 16, 2023
Class Action Lawsuit, Professional Services, Legal, Crypto, Bankruptcy, Investment, Securities fraud, FTX, Sequoia Capital, Thoma Bravo, Complaint, Marketing, Research, Alameda Research, Social media, Cryptocurrency, Tezos

On February 14, 2023, Robbins Geller Rudman & Dowd LLP filed a federal class action complaint against venture capital firms Sequoia Capital, Thoma Bravo, and Paradigm Operations for their conduct in financing and promoting the now-bankrupt cryptocurrency exchanges West Realm Shires Services Inc. d/b/a FTX US and FTX Trading LTD. d/b/a FTX (collectively, “FTX”).

Key Points: 
  • On February 14, 2023, Robbins Geller Rudman & Dowd LLP filed a federal class action complaint against venture capital firms Sequoia Capital, Thoma Bravo, and Paradigm Operations for their conduct in financing and promoting the now-bankrupt cryptocurrency exchanges West Realm Shires Services Inc. d/b/a FTX US and FTX Trading LTD. d/b/a FTX (collectively, “FTX”).
  • FTX’s misleading marketing campaign touted the venture capital firms’ investments and used the firms’ reputations to bolster its own credibility.
  • FTX has been forced into bankruptcy, leaving hundreds of millions of dollars’ worth of customer assets trapped on the FTX platforms.
  • “No one who engaged in culpable misconduct should evade accountability for the damage done to FTX customers,” said Robbins Geller partner Brian E. Cochran .

Majesco’s Growth Surges and Solidifies Position as Insurance Industry’s Trusted and Preferred Solution

Retrieved on: 
Wednesday, February 15, 2023
Networks, Professional Services, Technology, Insurance, Software, Cloud, ISG, Investment, Partnership, Pressure, Thoma Bravo, Foot, FIS, Management, Majesco Entertainment

Majesco attributed its success to the hard work and collaboration of its employees, customers, and partners and their relentless commitment to accelerate and facilitate digital transformation across the insurance industry.

Key Points: 
  • Majesco attributed its success to the hard work and collaboration of its employees, customers, and partners and their relentless commitment to accelerate and facilitate digital transformation across the insurance industry.
  • “Our unrelenting market success and financial stability solidifies our leading, trusted position in the market and sets the stage for even greater impact in 2023.
  • “It’s no secret the global economy has challenges, and many software companies are challenged to grow and stay profitable,” says A.J.
  • The success they’ve achieved in 2022 is a direct reflection of the organizational, operational and product investments this past year.

SecurityWeek Analysis: Over 450 Cybersecurity M&A Deals Announced in 2022

Retrieved on: 
Monday, February 6, 2023
Technology, Finance, Security, Banking, Other Technology, Professional Services, Software, Networks, Internet, GRC, Organization, Vista Equity Partners, United Kingdom, MSSP, Acquisition, News, Thoma Bravo, KKR, Risk management, Barracuda Networks, Cryptocurrency, Citrix Systems, Mandiant

SecurityWeek, a leading provider of cybersecurity news and information to global enterprises, today published its analysis of cybersecurity mergers and acquisition (M&A) activity for 2022.

Key Points: 
  • SecurityWeek, a leading provider of cybersecurity news and information to global enterprises, today published its analysis of cybersecurity mergers and acquisition (M&A) activity for 2022.
  • SecurityWeek’s cybersecurity M&A database includes information on 455 deals announced in 2022, a slight increase compared to the 435 cataloged in 2021.
  • Private equity firms continued to invest big in cybersecurity, with 19 deals announced in 2022.
  • Many cybersecurity M&A deals in 2022 involved companies that provide managed security services (MSSP), surpassing governance, risk management and compliance (GRC), which was the top category in 2021.

QAD Acquires Redzone, the World’s #1 Connected Workforce Platform, to Fortify its Vision of the Adaptive Enterprise

Retrieved on: 
Wednesday, February 1, 2023
Software, Other Manufacturing, Data Management, Technology, Supply Chain Management, Logistics, Manufacturing, Retail, Software as a service, Labour, Post Holdings, QAD Inc., Barclays, Partner, LLP, QAD, CPG, Plant, Acquisition, Empowerment, Face, Workforce, EHS, Thoma Bravo, Food, CFW, Knowledge management, Summit Partners, Heart, Wilson Sonsini Goodrich & Rosati, Growth, Research, Swadeshi Industrial Works, Learning, Management, Risk management, Sales, Nestlé, Redzone

“We are delighted to bring Redzone into the QAD family,” said QAD CEO Anton Chilton.

Key Points: 
  • “We are delighted to bring Redzone into the QAD family,” said QAD CEO Anton Chilton.
  • “We believe the emerging connected workforce space is the most transformational area of technology for manufacturing companies.
  • The addition of Redzone’s connected workforce product supercharges the QAD Adaptive Applications product suite by enabling QAD customers to drive rapid, tangible increases in empowerment, retention and productivity on the frontline.
  • The webinar will highlight the vision for QAD Redzone, an overview of the QAD Redzone Connected Workforce Solution and the significant outcomes customers have achieved.