Thoma Bravo has made its $1.1 billion bid for aerial imaging software company Nearmap official, following a week of exclusive due diligence.
for aerial imaging software company Nearmap official, following a week of exclusive due diligence.
Nearmap chief executive Rob Newman said in a statement to the ASX the company’s ambitions to grow in the North American market were aligned with Thoma Bravo’s vision for the business. “We expect the location intelligence and aerial imaging market in North America to undergo change and consolidation over the next few years, which will present organic and inorganic opportunities for Nearmap.“I look forward to our team’s continued outstanding work in support of our customers and eagerness to build on our success, benefiting from the operating capabilities, capital support and deep sector expertise from Thoma Bravo.
“We believe Nearmap’s insights are increasingly mission-critical to enterprises and the uses rapidly evolving, as evidenced by the company’s accelerating adoption with blue-chip customers in North America.”
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