Private equity investment firm Thoma Bravo, has entered into a definitive agreement to purchase LANDesk Software from Emerson.
LANDesk Software said that the move is aimed to accelerate its revenue growth and strengthen its position in delivering an integrated portfolio for simplifying the management of desktops, servers and mobile devices across the full spectrum of an organisation’s IT environment.
The company expects the acquisition to close by the end of September.
At the time of acquisition close, Steve Daly, executive vice president and general manager of LANDesk, will become the CEO of LANDesk, LANDesk Software said.
Steve Daly said that the backing by Thoma Bravo will create a very clear and focused opportunity for LANDesk employees, customers and business partners.
"LANDesk customers will benefit from our singular dedication to innovating throughout our key solutions – systems lifecycle management, endpoint security, IT service management – and our advancement in delivering process-based solutions to help simplify IT complexity and align IT to provide greater business value," Daly said.
