Private equity firm Thoma Bravo buys LANDesk

Share this article:

A private equity firm has acquired LANDesk Software, maker of enterprise IT management solutions, the two companies announced Monday.

Terms of the deal, scheduled to close by the end of September, were not disclosed. 

Thoma Bravo, which bought encryption and digital certificate firm Entrust last year, is purchasing West Jordan, Utah-based LANDesk from Emerson, a manufacturing and technology company. Emerson became the owner of LANDesk when it purchased Avocent in December.

Avocent, which makes connectivity solutions for corporate data centers, had acquired LANDesk in 2006 for $416 million. But Emerson decided LANDesk did not fit with its strategy, and it put the unit up for sale earlier this year.

"Partnering with a private equity firm that has a long history of success within its software and technology portfolio will support this growth with great resources and experience we can leverage," said Steve Daly, executive vice president and general manager of LANDesk. "Moving forward, LANDesk will be able to focus on our key strengths with product development clarity and the ability to innovate appropriately and pursue necessary acquisitions to deliver expanded capabilities in our product portfolio.”

LANDesk, which reported a 20-percent compound annual growth rate since 2002, makes systems lifecycle management, IT service management, endpoint management and asset management products.

Share this article:

Sign up to our newsletters

More in News

Brazilian president signs internet 'Bill of Rights' into law

Brazilian president signs internet 'Bill of Rights' into ...

President Dilma Rousseff signed the legislation on Wednesday at the NetMundial conference in Sao Paulo.

Android trojan sends premium SMS messages, targets U.S. users for first time

Android trojan sends premium SMS messages, targets U.S. ...

An SMS trojan for Android, known as FakeInst, has been observed sending premium SMS messages to users all over the world, including, for the first time, the United States.

Report: DDoS up in Q4 2013, vulnerability scanners leveraged to exploit sites

Report: DDoS up in Q4 2013, vulnerability scanners ...

Researchers observed 346 DDoS attacks in the final quarter of 2013 and attackers used Vega and Skipfish vulnerability scanners to exploit web flaws at financial companies.