I wonder what Thoma Bravo know that nobody else does?
• Revenue is up 16 percent! ( Net losses of $60 and then $80 million over the last 2 years, losses are up 33% !!! ) - sure, Covid, but look at how well other data companies did last year
• New CEO came from SAP proud of how they executed on Strategy… really?
• Mention of “completing their transition to the cloud” - huh? They’ve had cloud service and AMI offering for years. Not great ones sure. Maybe because most of their customers are still on-prem.
• It will become a privately held company
â—¦ Therefor no financial reporting obligations
◦ …
Prediction: sounds like they are going to hide away for a while then demerger it and float different companies
Stitchdata was their most promising acquisition so might come back out of it, or they will double-down on that cloud-native part of the business.