Latest news with #Apryse
Yahoo
a day ago
- Business
- Yahoo
Thoma Bravo considers sale of Apryse for more than $3bn
Private equity firm Thoma Bravo is considering sale of Apryse, a document processing software provider, potentially valuing it at more than $3bn, reported Reuters citing people familiar with the matter. The company has garnered interest from various buyers, particularly other private equity firms. Apryse sale process is being facilitated by investment bankers from Lazard, sources told the news agency. Thoma Bravo may opt to keep a minority stake in the company post-sale, but sources have indicated that a final sale is not certain and have requested anonymity due to the private nature of the discussions. Requests for comments from Thoma Bravo were declined, and there were no responses from Apryse or Lazard. Based in Denver, Colorado, Apryse specialises in document processing technology for mobile and computer applications, enabling developers to create, edit, convert digital documents, and integrate these functions into their own software. The firm boasts notable clients such as Novartis, Wells Fargo, and DocuSign. The company was previously known as PDFTron before being rebranded to Apryse two years after its acquisition by Thoma Bravo in 2021. Since the acquisition by Thoma Bravo, Apryse has made nine add-on acquisitions to broaden its functionality and global presence. These acquisitions include the recently announced TallComponents, a digital document processor based in the Netherlands, and last year's purchase of AI-powered software company Lead Technologies. Apryse generates more than $100m in EBITDA and has been growing at a rate of more than 20% annually. Sources suggest that Apryse could be valued at a multiple of 30 times its EBITDA or more in any forthcoming transaction. In 2024, Thoma Bravo agreed to acquire UK cybersecurity company Darktrace for $5bn (£3.99bn). "Thoma Bravo considers sale of Apryse for more than $3bn" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
The Star
2 days ago
- Business
- The Star
Exclusive-Thoma Bravo explores $3 billion-plus sale of software firm Apryse, sources say
FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 19, 2025. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Buyout firm Thoma Bravo is exploring a $3 billion-plus sale of Apryse, after receiving interest from potential buyers of the document processing software provider, people familiar with the matter said on Thursday. Thoma Bravo is working with investment bankers at Lazard on the sale process, said the sources, noting interest had already come from other private equity firms. As part of any deal, Thoma Bravo may decide to retain a minority stake in Apryse, the sources said. They also cautioned that no sale was guaranteed and spoke on condition of anonymity to discuss confidential deliberations. Thoma Bravo declined to comment, while Apryse and Lazard did not respond to Reuters' requests for comment. Denver, Colorado-based Apryse provides document processing technology for developers of mobile and computer applications, allowing them tocreate, edit, and convert digital documents, as well as integrate such capabilities into their own applications. Its customers include Novartis, Wells Fargo and DocuSign, according to its website. Apryse generates more than $100 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) and is growing more than 20 percent annually, the sources said. Any deal is expected to value the company at 30x its EBITDA or higher, the sources added. PDFTron, the previous name of Apryse, was founded in 1998 as a document processing technology platform. It was acquired by Thoma Bravo in 2021, with the investment led by the co-head of Thoma's Discover platform, Hudson Smith. The company was renamed as Apryse two years Capital Partners and the company's management team have remained minority shareholders in the business. Apryse has completed nine add-on acquisitions to expand its functionality and global reach since Thoma Bravo acquired the company. These include Netherlands-based digital document processor TallComponents, which was announced earlier this week, and AI-powered software maker Lead Technologies, completed last year. (Reporting by Milana Vinn in New York; Editing by David Gregorio)
Reuters
2 days ago
- Business
- Reuters
Exclusive: Thoma Bravo explores $3 billion-plus sale of software firm Apryse, sources say
May 29 (Reuters) - Buyout firm Thoma Bravo is exploring a $3 billion-plus sale of Apryse, after receiving interest from potential buyers of the document processing software provider, people familiar with the matter said on Thursday. Thoma Bravo is working with investment bankers at Lazard (LAZ.N), opens new tab on the sale process, said the sources, noting interest had already come from other private equity firms. As part of any deal, Thoma Bravo may decide to retain a minority stake in Apryse, the sources said. They also cautioned that no sale was guaranteed and spoke on condition of anonymity to discuss confidential deliberations. Thoma Bravo declined to comment, while Apryse and Lazard did not respond to Reuters' requests for comment. Denver, Colorado-based Apryse provides document processing technology for developers of mobile and computer applications, allowing them to create, edit, and convert digital documents, as well as integrate such capabilities into their own applications. Its customers include Novartis (NOVN.S), opens new tab, Wells Fargo (WFC.N), opens new tab and DocuSign (DOCU.O), opens new tab, according to its website. Apryse generates more than $100 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) and is growing more than 20 percent annually, the sources said. Any deal is expected to value the company at 30x its EBITDA or higher, the sources added. PDFTron, the previous name of Apryse, was founded in 1998 as a document processing technology platform. It was acquired by Thoma Bravo in 2021, with the investment led by the co-head of Thoma's Discover platform, Hudson Smith. The company was renamed as Apryse two years later. Silversmith Capital Partners and the company's management team have remained minority shareholders in the business. Apryse has completed nine add-on acquisitions to expand its functionality and global reach since Thoma Bravo acquired the company. These include Netherlands-based digital document processor TallComponents, which was announced earlier this week, and AI-powered software maker Lead Technologies, completed last year.
CNA
2 days ago
- Business
- CNA
Exclusive-Thoma Bravo explores $3 billion-plus sale of software firm Apryse, sources say
Buyout firm Thoma Bravo is exploring a $3 billion-plus sale of Apryse, after receiving interest from potential buyers of the document processing software provider, people familiar with the matter said on Thursday. Thoma Bravo is working with investment bankers at Lazard on the sale process, said the sources, noting interest had already come from other private equity firms. As part of any deal, Thoma Bravo may decide to retain a minority stake in Apryse, the sources said. They also cautioned that no sale was guaranteed and spoke on condition of anonymity to discuss confidential deliberations. Denver, Colorado-based Apryse provides document processing technology for developers of mobile and computer applications, allowing them to create, edit, and convert digital documents, as well as integrate such capabilities into their own applications. Its customers include Novartis, Wells Fargo and DocuSign, according to its website. Apryse generates more than $100 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) and is growing more than 20 per cent annually, the sources said. Any deal is expected to value the company at 30x its EBITDA or higher, the sources added. PDFTron, the previous name of Apryse, was founded in 1998 as a document processing technology platform. It was acquired by Thoma Bravo in 2021, with the investment led by the co-head of Thoma's Discover platform, Hudson Smith. The company was renamed as Apryse two years later. Silversmith Capital Partners and the company's management team have remained minority shareholders in the business. Apryse has completed nine add-on acquisitions to expand its functionality and global reach since Thoma Bravo acquired the company. These include Netherlands-based digital document processor TallComponents, which was announced earlier this week, and AI-powered software maker Lead Technologies, completed last year.
Yahoo
2 days ago
- Business
- Yahoo
Exclusive-Thoma Bravo explores $3 billion-plus sale of software firm Apryse, sources say
By Milana Vinn (Reuters) -Buyout firm Thoma Bravo is exploring a $3 billion-plus sale of Apryse, after receiving interest from potential buyers of the document processing software provider, people familiar with the matter said on Thursday. Thoma Bravo is working with investment bankers at Lazard on the sale process, said the sources, noting interest had already come from other private equity firms. As part of any deal, Thoma Bravo may decide to retain a minority stake in Apryse, the sources said. They also cautioned that no sale was guaranteed and spoke on condition of anonymity to discuss confidential deliberations. Thoma Bravo declined to comment, while Apryse and Lazard did not respond to Reuters' requests for comment. Denver, Colorado-based Apryse provides document processing technology for developers of mobile and computer applications, allowing them to create, edit, and convert digital documents, as well as integrate such capabilities into their own applications. Its customers include Novartis, Wells Fargo and DocuSign, according to its website. Apryse generates more than $100 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) and is growing more than 20 percent annually, the sources said. Any deal is expected to value the company at 30x its EBITDA or higher, the sources added. PDFTron, the previous name of Apryse, was founded in 1998 as a document processing technology platform. It was acquired by Thoma Bravo in 2021, with the investment led by the co-head of Thoma's Discover platform, Hudson Smith. The company was renamed as Apryse two years later. Silversmith Capital Partners and the company's management team have remained minority shareholders in the business. Apryse has completed nine add-on acquisitions to expand its functionality and global reach since Thoma Bravo acquired the company. These include Netherlands-based digital document processor TallComponents, which was announced earlier this week, and AI-powered software maker Lead Technologies, completed last year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
