Thoma Bravo LLC purchased a majority stake in International Decision Systems Inc., which offers cloud-based asset finance software, from middle-market investor SV Investment Partners LLC.
Both private equity firms target software and technology-enabled service companies.
Thoma Bravo will partner with IDS' existing management team as the company implements its growth plans and product development.
Bank of America Merrill Lynch advised IDS, while Wilson Sonsini Goodrich & Rosati was its legal adviser. Kirkland & Ellis advised Thoma Bravo.
