Software Provider IDS Acquired by Private Equity Firm Thoma Bravo

Software-focused private equity investment firm Thoma Bravo acquired majority ownership in IDS, a provider of asset finance software solutions, from its current owner, SV Investment Partners.

Nicholas E. Somers, Chairman of SV Investment Partners, said, “Having partnered with IDS since 2003 we are immensely proud of its achievements under our ownership and of the benefits enjoyed today by customers of the market-leading IDS solutions. We are delighted that IDS can now look forward to partnering with Thoma Bravo in the next stage of its development. With its exceptional enterprise software expertise, experience and resources, Thoma Bravo could not be better positioned to drive forward the company’s global growth initiatives, further develop and enhance the IDS product suite, and continue to strengthen IDS’ leadership in the asset and equipment finance software market.”

Thoma Bravo plans to partner with the existing IDS management team to continue to execute on its strategic growth plans and accelerate the product roadmap. The investment recognizes both the leadership of IDS in serving the world’s largest and most innovative asset and equipment financing businesses as well as the momentum gained by its IDScloudTM solution.

IDS, with its flagship product InfoLease, provides a solution which streamlines the asset financing lifecycle for loan and leasing portfolios. The solution delivers a mission-critical end-to-end platform available as a 100% software as a service (SaaS) offering in IDScloud, providing a highly scalable, open architecture, pay-for-what-you-use consumption model.

“Thoma Bravo provides the resources and operational expertise needed to continue our cloud momentum, accelerate our product vision and support our ability to better serve a global customer base,” said David Hamilton, CEO of IDS. “Thoma Bravo has a proven track record of investing in building software companies like IDS to achieve exceptional results. We are excited about the opportunity to partner with the team at Thoma Bravo to bring new levels of innovation to our customers.”

Thoma Bravo has provided equity and strategic support to experienced management teams of growing companies for nearly 40 years. The firm’s investment in IDS continues both an active effort in financial technology software, and also more specifically in the loan origination and credit lifecycle management markets. Other investments by the firm in this area include category leaders like Ellie Mae in mortgage lending and MeridianLink in consumer lending.

IDS was advised by Bank of America Merrill Lynch, with Wilson Sonsini Goodrich & Rosati as its legal advisor on the transaction. Kirkland & Ellis advised Thoma Bravo.

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