Thoma Bravo, a private equity firm, agreed to acquire a majority stake in Flexera, a SaaS provider, from TA Associates and Ontario Teachers' Pension Plan Board, for $2.95bn. “We know Jim and his executive team very well. And we support Flexera’s ambitious vision. The company’s management team has accomplished a great deal over the past 12 years. Jim and his team have positioned Flexera for sustained growth by focusing on the strategic challenges enterprises face with complex IT infrastructures. We’re thrilled at this chance to ‘get the band back together," Seth Boro, Thoma Bravo Managing Partner.