Thoma Bravo, a software-focused private equity investment firm, announced it has acquired majority ownership in IDS, a provider of asset finance software solutions, from its current owner, SV Investment Partners.
“Having partnered with IDS since 2003 we are immensely proud of its achievements under our ownership and of the benefits enjoyed today by customers of the market-leading IDS solutions. We are delighted that IDS can now look forward to partnering with Thoma Bravo in the next stage of its development,” said Nicholas E. Somers, Chairman of SV Investment Partners. “With its exceptional enterprise software expertise, experience and resources, Thoma Bravo could not be better positioned to drive forward the company’s global growth initiatives, further develop and enhance the IDS product suite, and continue to strengthen IDS’ leadership in the asset and equipment finance software market.”
Thoma Bravo plans to partner with the existing IDS management team to continue to execute on its strategic growth plans and accelerate the product roadmap. The investment recognizes both the leadership of IDS in serving the world’s largest and most innovative asset and equipment financing businesses as well as the momentum gained by its IDScloud solution.
IDS, with its flagship product InfoLease, provides a solution which streamlines the asset financing lifecycle for loan and leasing portfolios. The solution delivers a mission-critical, end-to-end platform encompassing origination and approval workflows and offers unmatched accounting, billing, tax and regulatory compliance capabilities. The solution is available as a 100 percent software as a service (SaaS) offering in IDScloud, providing a highly scalable, open architecture, pay-for-what-you-use consumption model. These capabilities, coupled with a seasoned team of industry professionals, data migration specialists and technology leaders, offer unparalleled expertise in serving the global asset and equipment financing community.
“Thoma Bravo provides the resources and operational expertise needed to continue our cloud momentum, accelerate our product vision and support our ability to better serve a global customer base,” said David Hamilton, CEO of IDS. “Thoma Bravo has a proven track record of investing in building software companies like IDS to achieve exceptional results. We are excited about the opportunity to partner with the team at Thoma Bravo to bring new levels of innovation to our customers.”
Thoma Bravo has provided equity and strategic support to experienced management teams of growing companies for nearly 40 years. The firm’s investment in IDS continues both an active effort in financial technology software, and also more specifically in the loan origination and credit lifecycle management markets. Other investments by the firm in this area include category leaders such as Ellie Mae in mortgage lending and MeridianLink in consumer lending.
“We are major believers in the global asset finance market and the value that the IDS market-leading suite of products can bring to bank, OEM and specialty lending customers,” said A.J. Rohde, a Partner at Thoma Bravo. “Having known David Hamilton, the CEO of IDS, for many years, we see a terrific partnership opportunity to work with David and his deep-domain leadership team to scale IDS in the coming years, both domestically and abroad.”
“We view IDS as a great platform for global industry consolidation and look forward to adding new products and features to the platform,” said George Jaber, a Vice President at Thoma Bravo.
IDS was advised by Bank of America Merrill Lynch, and Wilson Sonsini Goodrich & Rosati served as its legal advisor. Thoma Bravo was advised by Kirkland & Ellis.