Thoma Bravo completed the acquisition of Medallia for $6.4bn.

Thoma Bravo, a software investment firm, completed the acquisition of Medallia, a provider of customer and employee experience solutions, for $6.4bn. “The close of this transaction is an important milestone in Medallia’s history as we embark on our next chapter of growth as a private company. I am incredibly proud of all that we have achieved since our founding in 2001 and am confident that our new partnership with Thoma Bravo will catalyze Medallia’s ability to deliver continued innovation to the market, bolster our position as an innovation leader and set us apart as we maximize value for our stakeholders," Leslie Stretch, Medallia President and CEO. On October 14, 2021, Medallia shareholders approve acquisition by Thoma Bravo.