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:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

TOP COMMENTS

More in News

Email promises free pizza, ensnares victims in Asprox botnet instead

Email promises free pizza, ensnares victims in Asprox ...

Cloudmark came upon an email that offers free pizza, but clicking on the link to get the coupon ends with victims being ensnared in a botnet.

Report: most orgs lacking in response team, policies to address cyber incidents

In its Q3 threat intelligence report, Solutionary learned that 75 percent of organizations it assisted had no response team or policies and procedures to address cyber incidents.

Flash redirect campaign impacts Carnegie Mellon page, leads to Angler EK

Flash redirect campaign impacts Carnegie Mellon page, leads ...

Malwarebytes found that, since early July, thousands of sites had been targeted in the campaign.