September 26, 2022

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Thoma Bravo to acquire business planning software company Anaplan for $10.7B

2 min read

Private equity investment firm Thoma Bravo LLC has signed a deal to acquire business planning software company Anaplan Inc. for $ 10.7 billion. The all-cash deal prices Anaplan shares at $ 66, a nice bonus on its closing price of $ 50.59 per share on Friday.

Founded in 2006, Anaplan pitches itself as a market-leading, cloud-native, enterprise software-as-a-service company that transforms how enterprises across industries drive business performance. In simpler terms, the company offers a connected platform that helps businesses make better plans and decisions faster.

Anaplan’s Polaris Calculation Engine and Hyperblock technology are designed to allow customers to see “what-if” scenarios, contextualize current performance in real-time and forecast future outcomes for faster, more confident decisions. Anaplan claims that its customers gain digital-led agility to rapidly pivot strategies, redeploy resources and optimize plans for growth, efficiency, demand and profitability.

Features in Anaplan’s platform include the ability to share data across the enterprise, delivering relevant information and insights to stakeholders in real time. With role-based, auditable access, employees across an enterprise can contribute their expertise and knowledge.

“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,” Holden Spaht, managing partner at Thoma Bravo, said in a statement. “We have followed Anaplan for years and have seen the incredible value they bring customers through their best-in-class planning platform.”

The acquisition is somewhat surprising, not that Thoma Bravo has purchased yet-another company but due to Sachem Head Capital Management having taken a 9% stake in Anaplan in late February. It was reported at the time that Sachem Head had longer-term plans for Anaplan, including forcing the company to make changes.

Thoma Bravo is a prolific buyer of tech companies. Previous Thoma Bravo acquisitions include Veracode Inc. for $ 950 million in 2018, cybersecurity firm Proofpoint Inc. for $ 12.3 billion in June and customer experience company Medallia Inc. for $ 6.4 billion in July.

The deal to acquire Anaplan is expected to close is the first half of 2022, subject to customary closing conditions, including approval by Anaplan stockholders and regulatory approval.

Image: Anaplan

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