hematic:  software
← back to the issue
Thoma Bravo takes Accelerant Holdings private
$4 billion+ enterprise value · ● Platform · United States
Thoma Bravo
Accelerant Holdings Data-driven risk exchange platform connecting specialty insurance underwriters (MGAs) with risk capital partners including insurers, reinsurers, and institutional investors through real-time analytics and transparent underwriting infrastructure.
Publicly listed · 451 FTEs · HQ — Atlanta, Georgia
Advisors   Sell-side — Morgan Stanley & Co. LLC; Houlihan Lokey  ·  Buy-side — BMO Capital Markets; Wells Fargo
Deal value$4 billion+
Statusannounced
GeographyUnited States
Processbanked
Target revenue$356.9M (Q2 2026); $1.14B trailing twelve months as of June 30, 2026
Target EBITDA$93.1M adjusted EBITDA (Q2 2026, 31% margin)
InvestorsAltamont Capital Partners
Deal leadsMatt LoSardo (Thoma Bravo)
SHARE   COPY FOR CRM
original announcement · researched from thomabravo.com, citybiz.co, theinsurer.com, insurancejournal.com, stocktitan.net, finance.yahoo.com, accelerant.ai, stockanalysis.com
THE REGISTER   all 53 entries, week of 2026-08-14 — tap to expand
AUTOMOTIVE
● Pro-Vision (Vance Street) → Convoy Technologies · Ruggedized cameras, monitors and blind-spot sensor systems
CONSTRUCTION/AEC
● Francisco Partners → Command Alkon (Thoma Bravo) · Heavy building materials and construction supply chain industry
● Procore → DroneDeploy · Drone-based aerial imaging and site intelligence software
● Total Synergy (PSG +1) → Monograph · Project management and financial tracking software
● ENG → e-verse · Custom AEC software development, BIM integration tools, Revit…
● VSS Capital Partners → Cordoba, LLC · Engineering, construction and program management services
CYBERSECURITY
● Kiteworks (Insight) → WAMNET · Secure file transfer and enterprise file-sharing software — including…
● Omega Systems → PEAKE · Managed IT, cybersecurity and HIPAA compliance services
● Redwood AI Corp. → Quantum.IQ Technologies Inc. · Post-quantum cryptography software
DEVTOOLS/INFRASTRUCTURE
● Hewlett Packard Enterprise → Juniper Networks · Networking hardware and software company selling routers, switches…
● Dynatrace → Arize AI · AI observability and evaluation platform
● NetApp → JetStream Software · Disaster recovery and cloud migration software
● Notion → ZeroEntropy · AI-powered search and retrieval infrastructure, co-founded by a…
● Databricks → ElectricSQL (Electric) · WASM-based embedded Postgres database (PGlite) and real-time sync…
● Cursor → Firetiger · AI-powered production monitoring software
● SAP → Dremio · Open, high-performance data lakehouse platform
ENERGY/UTILITIES
● Diversified Data Processing & Consulting Inc. (DivDat) → Meridian Integration · Customer engagement and billing software
● Context Labs B.V. → Kinertic · Carbon-intelligence software platform
FINTECH
● Francisco Partners → Moneris Solutions Corporation · Payment processing and commerce technology platform
● OpenFX → Global Ledger · Hold, send, and receive funds across any market as if they had a…
● Transparence IO LLC → Transparence securities lending technology platform · Institutional-grade securities lending software
● Cleversoft Group (Levine Leichtman) → FS Assist · XBRL-based regulatory reporting software
HEALTHCARE
● Thoma Bravo → Kneat · Validation management software
● Dassault Systèmes → ArisGlobal (Nordic Capital) · Regulatory affairs, pharmacovigilance, drug safety, quality…
● Thoma Bravo → Padoa · Occupational health, safety, and prevention software platform
● Radar Healthcare (Marlin) → Cemplicity · Patient-reported experience measures (PREMs) and patient-reported…
● EnableComp (WCAS) → Helix Advisory · Zero balance review and underpayment recovery technology
● Battery Ventures → Vetspire · AI-powered, cloud-based practice management platform
HOSPITALITY/RESTAURANTS
● 365 Retail Markets (Providence) → Cantaloupe, Inc · Self-service technology and payments software
● Micros South Africa (Adapt IT) → Travel Trackers · Business intelligence, reporting, and analytics software
HR/PAYROLL
● Silver Lake → Workday · Cloud-based human capital management, financial management, payroll…
● zvoove → Pixi (inscribe GmbH) · AI-powered, WhatsApp-based onboarding and support agent
INDUSTRIAL/MANUFACTURING
● DecisionPoint Technologies → 5th Wave · Manufacturing and aerospace sectors
● Recur Software → FLAGS Software · Quality management and production control software
● CAI Software (STG) → LLumin · CMMS+ SaaS platform delivering IoT-integrated predictive and…
INSURANCE
● Thoma Bravo → Accelerant Holdings · Data-driven risk exchange platform connecting specialty insurance…
● adesso SE → omni:us · AI-powered end-to-end claims automation software
LEGAL
● Anaqua (Nordic Capital) → Unified Patents (WestView) · Patent risk management software and services
MARTECH
● Nielsen → DoubleVerify · Ad fraud detection, viewability and brand-safety verification bought…
● St. Joseph Inc. → Fastbase AI Corporation · Web analytics and B2B lead-generation SaaS whose flagship product…
MEDIA/ENTERTAINMENT
● Tripledot Studios → Supersonic · Hybrid-casual mobile game publishing and user acquisition
REAL ESTATE/PROPTECH
● Providence Equity Partners → Hometrack (Silver Lake) · Automated valuation model (AVM), property risk data, and cloud-native…
● Susquehanna Growth Equity → ApartmentIQ · Competitive intelligence and market analytics software
SUPPLY CHAIN/LOGISTICS
● Descartes Systems → Drivin · Cloud-based last-mile delivery management and TMS platform offering…
HORIZONTAL SAAS
● Progress Software → Domo · Cloud-native AI and data products platform offering business…
● Bending Spoons → Airtable · No-code relational database and project management platform
● Salesforce → Fin · AI-powered customer service agent software
● Bending Spoons → Eventbrite · Self-service event ticketing and registration platform
● Headlight Partners → RepSpark · B2B wholesale e-commerce platform
● Uniguest (Atlantic Street Capital) → Visix · Cloud-based and on-premise digital signage content management, room…
FUNDS RAISED
● Team8 Capital → Fund III · $365 million · Israeli venture capital firm investing in early-stage…
VENTURE WATCH  vertical software rounds worth knowing
● Klass Capital → Legio · AI-native security operations platform
● Schooner Capital → MarginEdge · Back-office management software
Credits from public announcements. An Unknown advisor means we looked and could not confirm it — not that nobody ran the process.
Led or advised this deal? Claim the credit  ·  Spot an error? Submit a correction
thematichq.com/software