, /PRNewswire/ — Thoma Bravo, a leading software investment firm, today announced the completion of its sale of its controlling stake in Veriforce, a global provider of supply chain risk management (“SCRM”) solutions, to funds advised by Apax Partners LLP. Financial terms were not disclosed.
Veriforce is one of the world’s largest providers of integrated SCRM solutions with hubs in the U.S., Canada and the UK. Its SCRM solutions focus on verifying the services offered by contractors to hiring clients, allowing organizations to ensure safety and compliance throughout all aspects of their supply chains.
Under Thoma Bravo’s five years of ownership, Veriforce achieved tremendous growth through a combination of organic initiatives and strategic M&A, resulting in 6x revenue growth and a market-leading platform serving multiple sectors and geographies. Today, Veriforce operates in more than 140 countries, with over 1,300 clients and more than 90,000 contractors.
“Thoma Bravo has been an invaluable …