Thoma Bravo has a Proven Track Record
David Hamilton, chief executive officer of IDS, said: “Thoma Bravo provides the resources and operational expertise needed to continue our cloud momentum, accelerate our product vision and php development company support our ability to better serve a global customer base.
“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 app development company with the team at Thoma Bravo to bring new levels of innovation to our customers.”
Thoma Bravo’s acquisition of IDS is its latest in the finance sector and follows investments in Ellie Mae, the cloud-based platform provider for the mortgage finance industry, and consumer lending platform MeridianLink.
A.J. Rohde, a partner at Thoma Bravo, said: “We are major believers in the global asset finance market and the value that the IDS market-leading suite of products can bring to bank, OEM and specialty lending customers.
“Having known David Hamilton, software development company austin the chief executive of IDS, for many years, we see a terrific partnership opportunity to work with David and his deep-domain leadership team to scale IDS in the coming years, both domestically and abroad.”
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.”
IDS is headquartered in Minneapolis, US and also has offices in the United Kingdom, Australia, Singapore and India.