San Francisco and Salt Lake City - Sept. 29, 2010 -- Thoma Bravo, a leading private equity investment firm, has completed the acquisition of LANDESK Software (LANDESK) from Emerson [NYSE: EMR]. LANDESK is a global leader in systems lifecycle management, endpoint security and IT service management. Financial details were not disclosed.
Steve Daly, formerly the executive vice president and general manager of LANDESK, has been named the CEO of LANDESK and will lead the independent company along with the existing management team.
"Now that LANDESK is an independent company, we can be more focused on strengthening our core business," said Steve Daly. "LANDESK customers, partners and employees can expect even more innovation throughout our key solutions - systems lifecycle management, endpoint security and IT service management."
"Thoma Bravo looks forward to working with LANDESK's management team to implement a strategic plan to accelerate revenue growth," said Seth Boro, a principal at Thoma Bravo. "Through continuous operational improvements and strategic acquisitions LANDESK will reinforce its position as a market leader in IT systems management."
"Thoma Bravo has a great deal of experience in the security software and systems markets, and we intend to apply our proven buy and build model to further LANDESK's position as a market leader," said Robert Sayle, a vice president at Thoma Bravo.
Headquartered in Salt Lake City, Utah, LANDESK revenue has grown at a compound annual growth rate of 20 percent since 2002. LANDESK currently employs approximately 750 people around the world and has thousands of customers worldwide actively using its solutions.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm that has been providing equity and strategic support to experienced management teams building growing companies for more than 29 years. The firm originated the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo applies its investment strategy across multiple industries with a particular focus on the software and services sectors. In the software industry, Thoma Bravo has completed more than 50 acquisitions across 16 platform companies with total annual earnings in excess of $1 billion. For more information on Thoma Bravo, visit
About LANDESK Software
LANDESK Software is a leading provider of systems lifecycle management, endpoint security and IT service management solutions for desktops, servers and mobile devices across the enterprise. LANDESK enables IT to gain control of end-user computing environments with a single console, light infrastructure, and ITIL solutions that deliver significant value and ROI for thousands of customers worldwide. LANDESK is headquartered in Salt Lake City, Utah, with offices located in the Americas, Europe and Asia Pacific, and can be found at