For immediate release
Thoma Bravo Completes Acquisition of HCSS
Houston, Texas and San Francisco, California – HCSS, the leading supplier of estimating, operations, and fleet management software, today announced the completion of its acquisition by Thoma Bravo, a leading software investment firm.
“We are thrilled to be partnering with Thoma Bravo to build on our momentum and success over the last 35 years,” said Mike Rydin, Founder and CEO of HCSS. “Thoma Bravo’s deep sector expertise, collaborative approach and strategic and operational capabilities make them the ideal partner for HCSS. We are confident about the many benefits this partnership will bring to our employees, customers and shareholders.”
“We have followed HCSS’ success for many years and have been consistently impressed by their visionary approach and world-class products that are leading the way in bringing real-time data and efficiency to the construction industry,” said A.J. Rohde, a Senior Partner at Thoma Bravo. “Traditional industries, like the construction market, are undergoing dynamic change, and businesses in those verticals are continuously looking for innovative solutions to modernize their capabilities. We see tremendous opportunity in partnering with the HCSS team to capitalize on those tailwinds and continue to develop its product suite and user base on a global scale.”
ABOUT THOMA BRAVO
Thoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management as of June 30, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm's deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco. For more information, visit thomabravo.com.
HCSS is the trusted leader in construction software for estimating, field entry, project management, safety, digital plans, 3-D drone imaging, fleet management, and telematics. For 35 years, the company has used annual user’s group meetings to listen to customers resulting in innovative software to manage every part of the project lifecycle. With 24/7 instant support and a proven implementation process, HCSS has helped improve operations for over 3,500 companies ranging from $1M to billions in revenue across the United States and Canada. HCSS, a 14-time Best Place to Work in Texas, has a unique 12-acre campus in Sugar Land, Texas with 3 buildings capable of housing 700 employees. Learn more at hcss.com.
For Thoma Bravo
Thoma Bravo Communications