Flexera to sell a majority interest to equity firm

ITASCA - A leading software investor will acquire a majority stake in Flexera, the company said Thursday.

Flexera, headquartered in Itasca, provides IT management solutions that help enterprises maximize business value from their technology investments. The company's Revenera division provides solutions that help technology companies build better products, accelerate production and faster monetize those technologies.

A majority interest in the company is being sold to Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors. Flexera's existing shareholders, TA Associates and Ontario Teachers' Pension Plan Board, will continue to hold a meaningful stake in the business, Flexera said. Terms of the transaction were not disclosed.

"This is a resounding vote of confidence in the growth Flexera has shown and the strategic initiatives we've undertaken to address the exponential challenges faced by organizations today," said Jim Ryan, president and CEO of Flexera.