Thoma Bravo, a software investment firm, has completed its acquisition of Talend, a provider of data integration and data integrity, in an all-cash transaction that valued Talend at approximately $2.4 billion.

“The close of the transaction marks an important milestone for Talend as we begin a new chapter as a private company. The digital transformation that has taken hold during the pandemic has emphasized the importance of data integration and data integrity, and we are thrilled to have the support of Thoma Bravo to accelerate Talend’s business,” said Christal Bemont, chief executive officer of Talend. “Thoma Bravo has an impressive track record of catalyzing the growth of its portfolio companies, and we look forward to leveraging their deep software and operational expertise as we drive continued innovation to ensure the data health of companies around the world.”

“We are excited to officially begin our partnership with Talend and to work alongside Christal and the Talend team to further bolster the company’s industry leadership,” said Seth Boro, a managing partner at Thoma Bravo. “Talend, as a newly private company, is well positioned to capitalize on the global need for businesses to operationalize their data to solve complex problems.”

“Every business needs clean and reliable data, and the Talend Data Fabric platform handles every stage of the data lifecycle and puts healthy data at customers’ fingertips,” said Chip Virnig, a partner at Thoma Bravo. “Talend’s transition to the cloud will only further solidify their market leadership among blue chip companies across industries and we look forward to supporting the company in this exciting next phase.”

Qatalyst Partners served as financial advisor to Talend and Wilson Sonsini Goodrich & Rosati PC, Gide Loyrette Nouel AARPI and Loyens & Loeff NV served as legal counsel to Talend. Kirkland & Ellis LLP, Houthoff Coöperatief UA and Jeantet AARPI. served as legal counsel to Thoma Bravo.