As per the terms of the deal, shareholders of the publicly-listed cloud-native, enterprise SaaS company will be offered $66 per share in cash by Thoma Bravo; the deal will enable Anaplan to become a privately held company
Thoma Bravo has agreed to acquire Anaplan, a California-based business planning software company, in an all-cash deal valued at around $10.7bn.
As per the terms of the deal, shareholders of the publicly-listed cloud-native, enterprise SaaS company will be offered $66 per share by Thoma Bravo.
Anaplan chairman and CEO Frank Calderoni said: “We are thrilled to partner with Thoma Bravo to build on the strength of our innovative platform and capitalize on the massive opportunity and incredible demand we are seeing.
“This is a clear validation of our team’s outstanding work and the start of an exciting new chapter for Anaplan, our customers, and our partner ecosystem. We are confident that Thoma Bravo’s resources and insights will help us accelerate and scale our growth strategy.”
Anaplan has developed a cloud-native platform for orchestrating business performance.
The company’s Hyperblock technology is said to enable businesses contextualise real-time performance and forecast future outcomes in order to make quicker, confident decisions.
Its total revenue for the full year fiscal 2022 was $592.2m, which is an increase of 32.3% compared to the previous year. The company’s subscription revenue during the full year fiscal 2022 was $536.5m, which is a 31.4% increase year-over-year.
Anaplan, which helps with connected strategy and planning across enterprises, is claimed to have more than 175 partners and over 1,900 customers around the world.
Thoma Bravo managing partner Holden Spaht said: “Anaplan is a clear leader in Connected Planning, solving critical business priorities for the world’s largest enterprises as they implement strategic and complex digital transformations.
“We have followed Anaplan for years and have seen the incredible value they bring customers through their best-in-class planning platform. We look forward to leveraging Thoma Bravo’s extensive operational and investment expertise in enterprise software to support Anaplan in its future growth.”
The deal has been approved unanimously by Anaplan’s board of directors.
Subject to closing conditions such as approval by Anaplan’s shareholders and regulatory approval, the deal is anticipated to close in the first half of this year.