Thursday, July 5, 2018

LogRhythm Now Owned By Thoma Bravo

Boulder-based security information and event management (SIEM) software developer LogRythm is now officially majority owned by private equity investor Thoma Bravo, according to the companies, after the completion of the earlier announced acquisition deal. Financial details of the buy, which make Thoma Bravo the majority investor in LogRhythm, have not been announced. The deal was originally announced in June. Thoma Bravo was advised by Kirkland & Ellis in the deal; LogRhythm was advised by Morgan Stanley and Cooley LLP. Thoma Bravo manages more than $20 billion in capital.