Connect with us

Technology

Thoma Bravo to Acquire Majority Stake in USU Product Business

Published

2 months ago

on

– Thoma Bravo and USU Software AG invest to accelerate growth and product innovation to support leading pan-European provider for IT management solutions
– Benjamin Strehl to lead USU’s Product Business at USU GmbH as CEO together with existing management
– Transaction marks Thoma Bravo’s second investment in Germany within one year, reaffirming the firm’s commitment to the German enterprise software market

MÖGLINGEN, Germany and LONDON, Oct. 1, 2024 /PRNewswire/ — Thoma Bravo, a leading software investment firm, today announced the acquisition of a majority stake in USU Product Business (“USU Product”). Combining Thoma Bravo’s extensive experience and global software investment expertise with USU’s product portfolio is expected to accelerate the company’s growth trajectory and enhance its ability to deliver innovative solutions to customers. USU Product will continue to operate under the leadership of its existing management team. Benjamin Strehl, currently Co-CEO of USU Software AG, will become CEO of USU Product and Bernhard Oberschmidt will join the board of directors.

USU Product provides customers around the world with IT management solutions that enable mastery of disparate IT landscapes and workflows. The company has served as a strategic partner to clients by enabling them to lower cost, increase productivity, and manage growing technological complexity. Thoma Bravo’s extensive network and industry experience will support USU in the development of its product portfolio and the expansion of its geographical footprint, with the goal of making USU Product a leading pan-European provider of IT management solutions.

“With its expertise in software, collaborative culture and passion for investing in companies that deliver transformative technologies, Thoma Bravo is the right partner to enhance our market offering and support our growth ambitions. Together, we can create more value for our customers by enhancing our USU platform and solution offering and expanding our partnership program,” said Bernhard Oberschmidt, CEO of USU Software AG.

“We are thrilled to invest in USU and intend to help build on USU’s storied legacy, unwavering commitment to customers, and product-centricity while helping the team scale further,” said David Tse, a Senior Vice President at Thoma Bravo. “We look forward to working with Bernhard and Benjamin, and their team to further grow their business through innovation and M&A.”

“Our investment in USU marks the second transaction in the DACH region within one year. We see Germany as a significant growth market with strong technology and are excited to support this ecosystem with another investment,” said Irina Hemmers, a Partner at Thoma Bravo. “Thoma Bravo’s investment in USU Product aligns with our broader strategy of working with market-leading software companies to drive transformative growth.”

Thoma Bravo will invest in USU Product alongside USU Software AG to accelerate the business’s growth. USU founder Udo Strehl and the Strehl family remain committed to the product business and will contribute to its future growth path. Going forward, the product business, comprising its leading IT Service Management, IT Asset Management, IT Operations Management and Knowledge Management products, will be an independent entity.

The transaction is part of Thoma Bravo’s strategic expansion into the German market and its commitment to investing in the growth of innovative software companies across Europe. The deal is expected to close by the end of the year, pending regulatory approval.

Guggenheim is the exclusive investment bank advising USU on the transaction, Heuking is serving as legal advisor to USU and RSM Ebner Stolz supported USU with a financial fact book. Raymond James is serving as financial advisor and Kirkland & Ellis LLP is serving as legal advisor to Thoma Bravo.

About Thoma Bravo

Thoma Bravo is one of the largest software-focused investors in the world, with approximately US$160 billion in assets under management as of June 30, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in more than 490 companies representing approximately US$265 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

About USU Software AG

As a leading provider of software and service solutions for IT and customer-service management, USU enables companies to manage the requirements of today’s digital world. Global organizations use our solutions to cut costs, become more agile, and reduce risks – with smarter services, simpler workflows, and better collaboration. With more than 45 years of experience and locations worldwide, the USU team brings customers into the future. The USU Digital Consulting business will remain a wholly owned subsidiary of USU Software AG. For more information, visit https://www.usu.com/en-us/.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/thoma-bravo-to-acquire-majority-stake-in-usu-product-business-302263585.html

SOURCE Thoma Bravo

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Patriot Viper Xtreme 5 DDR5 Memory Breaks World Record, Showcasing Flagship Performance Leadership

Published

17 minutes ago

on

November 26, 2024

By

TAIPEI, Nov. 26, 2024 /PRNewswire/ — Patriot, a global leader in high-performance memory and storage solutions, has shattered performance records once again. The company’s flagship DDR5 memory, Viper Xtreme 5, powered renowned overclocking expert Snakeeyes to achieve a groundbreaking global memory frequency world record on the HWBOT platform: an astonishing 6305.8 MHz (12,611.6 MT/s).

Snakeeyes not only set the frequency record but also claimed multiple top accolades on the HWBOT platform, including:

First Place in the World Record RankingsFirst Place in the DDR5 SDRAM RankingsFirst Place in the Global Team RankingsFirst Place in the DDR5 SDRAM Team Rankings

These historic feats were made possible through the synergy of Patriot’s Viper Xtreme 5 DDR5 memory modules, the ASRock Z890 Taichi OCF motherboard, and advanced liquid nitrogen cooling.

The unmatched design and engineering of the Viper Xtreme 5 DDR5 memory, combined with seamless hardware compatibility, enabled Snakeeyes to push boundaries consistently. This achievement underscores Patriot’s dedication to delivering cutting-edge innovation and superior performance in the competitive memory market.

Adding to its impressive resume, the Viper Xtreme 5 DDR5 memory dominated HWBOT’s memory frequency rankings by securing first, third, and fifth positions. These results further establish it as the ultimate choice for overclocking enthusiasts and gamers seeking elite performance.

“Patriot continues to set the standard in high-performance memory solutions, enabling enthusiasts, gamers, and professionals to achieve unparalleled performance,” said Les Henry, VP of N. America and S. America Sales. “This record is a testament to our commitment to innovation and collaboration with the global overclocking community.”

Patriot remains at the forefront of memory innovation, empowering users to push the limits of what’s possible.

For more information about Patriot and its Viper Xtreme 5 DDR5 memory, visit https://viper.patriotmemory.com/products/xtreme5-ddr5-performance-ram

https://hwbot.org/submission/5700768

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/patriot-viper-xtreme-5-ddr5-memory-breaks-world-record-showcasing-flagship-performance-leadership-302316313.html

SOURCE Patriot Memory

Continue Reading

Technology

Ducker Carlisle Expands Pricing, Strategy & Operations Services to Europe

Published

17 minutes ago

on

November 26, 2024

By

Paris-Based Team Leverages Firm’s Decades of Experience to Help Corporate Clients Grow Profitability

PARIS and BERLIN, Nov. 26, 2024 /PRNewswire/ — Ducker Carlisle, a U.S.-based global market research, strategy consulting and M&A advisory firm, today announced the expansion of its pricing, strategy and operations consulting services to better serve European and global clients from its European headquarters in Paris. Ducker Carlisle’s expert pricing analytics, business transformation and supply chain optimization services have helped many of the world’s largest companies uncover value creation opportunities, improve profitability and accelerate growth for more than 30 years.

The new European-based pricing services are led by Claude-Henry Pignon, whose background includes more than 11 years with Accenture in Paris with a focus on the automotive aftermarket. The strategy and operations team is led by Eric Francucci, who has been a principal with Ducker Carlisle for seven years and has deep expertise in aftersales topics for leading OEMs.

“We have been providing business consulting services from Europe since 1996, but until now we have relied on colleagues in our U.S. offices to assist with functions such as evaluating clients’ pricing practices and market strategy,” said Christian Zamet, Ducker Carlisle President of European Operations. “Adding local expertise in these areas will simplify communications, ensure deep knowledge of factors like local market dynamics, and further strengthen the relationships we have with our clients.”

Ducker Carlisle serves large clients in the automotive, heavy equipment, building and construction, industrial and materials industries as well as private equity firms’ portfolio clients, specializing in businesses with high SKU, channel and customer complexity. The firm’s pricing consulting practice alone has helped clients increase incremental margins by 1-3 points, build market share, recoup their investment in as little as one year, and achieve a minimum 10x ROI in compounded multi-year benefits.

In the pricing arena, Ducker Carlisle’s end-to-end consulting services begin with competitive pricing studies, market research and elasticity analysis, and base pricing strategy and optimization. The list also includes promotion spend optimization, channel strategy and net price optimization, channel incentive program design, quoting and deal management, customer loyalty program design, and pricing software selection and implementation, covering all aspects of revenue management. 

The firm’s strategy consulting spans market entry, channel strategy, growth strategy, and product and customer strategy to help clients navigate today’s constantly changing marketplaces. A full range of supply chain operations services including diagnostics, operations assessment and improvement implementation, transportation optimization, network strategy and design, inventory management and logistics network design helps increase the efficiency and resiliency of client supply chains.  

“In today’s market, it’s more critical than ever to use every lever available to streamline operations, reduce costs, and achieve sustainable margin growth,” said Paul Gurizzian, Ducker Carlisle CEO. “Bringing our pricing, strategy and operations expertise to our Paris office will make it easier for European clients and global organizations with a European presence to leverage our decades of industry-specific experience to meet the business challenges they face every day.”

About Ducker Carlisle
Ducker Carlisle is a global market research, strategy consulting and M&A advisory firm that helps many of the world’s largest companies and private equity firms optimize business performance and accelerate growth across complex markets. Founded in 1961 with offices across North America, Europe and Asia, the firm provides a unique continuum of services to deliver custom, industry-centric solutions enabling clients to maximize business results. For more information, visit Ducker Carlisle I Twitter I LinkedIn 

View original content:https://www.prnewswire.co.uk/news-releases/ducker-carlisle-expands-pricing-strategy–operations-services-to-europe-302316124.html

Continue Reading

Technology

MGA Entertainment and Tap Tap Tales Launch New App L.O.L. Surprise!™ Boardwalk Life Featuring L.O.L. Surprise! Tweens™

Published

17 minutes ago

on

November 26, 2024

By

LOS ANGELES and BARCELONA, Spain, Nov. 26, 2024 /PRNewswire/ — MGA Entertainment (MGA), a global leader in toy and entertainment innovation, and Tap Tap Tales, a developer of educational apps for children, announce the launch of their new app, L.O.L. Surprise!™ Boardwalk Life. In this engaging app, players explore the vibrant Boardwalk City, joining their favorite L.O.L. Surprise! Tweens™ and Tots in interactive activities.

“The launch of L.O.L. Surprise!™ Boardwalk Life marks a significant milestone in our mission to provide safe and enriching digital experiences for kids”, said Xavier Prats from Tap Tap Tales. This project represents a close collaboration with MGA to bring the world of L.O.L. Surprise!™ into an app where players express creativity and engage in fun challenges.

In L.O.L. Surprise!™ Boardwalk Life, children can:

Train with Ali Dance at the Skate Park, perfecting skate tricks and dance routines.Design posters for the Skate Festival with Emma Emo.Practice basketball tricks with Hoops Cutie at the beachside court.Follow TikTok-inspired choreography with Fancy Gurl on the Dance Stage.Decorate boardwalk locations in Glitter City with items earned through gameplay.Collect over 40 L.O.L. Surprise!™ characters and pets while unlocking surprises in mini-games.

Since its debut, L.O.L. Surprise! has captured the hearts of children worldwide. With L.O.L. Surprise!™ Boardwalk Life, Tap Tap Tales and MGA aim to foster creativity and teamwork within a safe digital environment.

L.O.L. Surprise!™ Boardwalk Life is now available for download on:

Google Play (https://bit.ly/3YBh6ru)Apple Store (https://apple.co/3YOTxLQ)Amazon Store (https://amzn.to/3Cwrnh8)

About MGA Entertainment

MGA Entertainment is one of the largest privately held toy and entertainment companies in the world, known for its commitment to creativity, quality, and innovation. The MGA family includes brands such as L.O.L. Surprise!™, Little Tikes®, Rainbow High™, Bratz®, and more.

About Tap Tap Tales

Founded in 2014, Tap Tap Tales creates high-quality educational apps featuring beloved characters. With over 30 published apps, Tap Tap Tales is a key player in the development of safe, engaging children’s apps.

View original content:https://www.prnewswire.co.uk/news-releases/mga-entertainment-and-tap-tap-tales-launch-new-app-lol-surprise-boardwalk-life-featuring-lol-surprise-tweens-302315626.html

Continue Reading

Trending