Private equity firm Thoma Bravo has agreed to purchase a majority stake in Planview, a software manufacturer for the work and resource management industries, from Insight Venture Partners. While financial terms of the deal were not disclosed, Insight Venture Partners will retain its original 2014 investment in the target.
Planview is a developer of tools for strategic planning, portfolio and resource management, new product development, work collaboration, and enterprise architecture. The target designs a suite of four software products that include: Planview Enterprise, a portfolio and resource management tool; Innotas, a project and portfolio management tool for maturing organizations; Troux, an enterprise capability and technology management tool; and Projectplace, a collaborative workspace tool for management teams of all sizes. Planview employs nearly 700 workers and serves more than 3,000 clients from its headquarters in Austin, Texas.