Thoma Bravo Acquires Crossbeam Systems, Inc.

SAN FRANCISCO - (BUSINESS WIRE) - Thoma Bravo, LLC, a leading private equity investment firm, has acquired Crossbeam Systems, Inc., a global network security solutions leader. Financial details were not disclosed. Crossbeam's current senior management team will continue to manage the company.

"Crossbeam is in a stronger-than-ever position to strengthen and expand our customer solutions," said Mike Ruffolo, president and CEO of Crossbeam. "Thoma Bravo's support and expertise in the software and technology industries will allow us to pursue new products and services through strategic initiatives and potential acquisitions to enhance our offerings."

"Mike and his team have built a first-class network security company with a proven track record and are uniquely positioned to lead the industry," said Seth Boro, partner at Thoma Bravo. "We look forward to working with Crossbeam's management to build off of that reputation and help them accelerate their growth through the buy and build strategy we have followed successfully many times before."