Thoma Bravo agreed to acquire Canada’s Magnet Forensics Inc. for about C$1.8 billion ($1.3 billion).
The private equity firm intends to merge the company with Grayshift LLC, which it acquired last year, according to a statement, confirming a Bloomberg News report.
Most investors will get C$44.25 ($33) for their shares. Rolling shareholders, including some members of the board, will get C$39.00 ($29.09) for each subordinate and multiple voting shares they hold.
Magnet Forensics provides software to the military, law enforcement, businesses and others for conducting investigations, from workplace matters to criminal cases and cybersecurity threats, according to its website.
“The companies’ complementary offerings are expected to create a powerful end-to-end digital investigations platform empowering more public safety agencies around the world to seek justice, solve crimes, and protect victims,” according to the statement.
Thoma Bravo is one of private equity’s savviest and busiest investors in the software space.
Jim Balsillie, a retired chairman and co-chief executive officer of Research in Motion, which is now known as BlackBerry, is a backer and director of Magnet Forensics, according to its website. He will sit on the board of the combined company, according to the statement.