Thoma Bravo, a software investment firm, has invested in Circle Cardiovascular Imaging.

Thoma Bravo is a private equity firm with more than $103 billion in assets under management. Circle CVI provides AI-based cardiac imaging and reporting services, including cardiac MRI and cardiac computerized tomography imaging post-processing software. Circle Cardiovascular Imaging develops reading and reporting services for cardiac imaging.

“With the close of this transaction, we’re excited to work with the Thoma Bravo team to accelerate our growth, drive continued product innovation and further solidify Circle CVI as the market leader,” said Greg Ogrodnick, CEO of Circle CVI. “Together, we can continue building even better solutions and products to serve cardiovascular professionals and their patients.”

AGC Partners served as financial advisor to Circle CVI and Osler, Hoskin & Harcourt LLP served as legal counsel. Kirkland & Ellis LLP and McMillan LLP served as legal counsel to Thoma Bravo. Deutsche Bank Credit Solutions and Direct Lending provided committed financing for the transaction.