Boomi Expands Capabilities with Thru Acquisition
Deal News | May 16, 2025 | Ropes & Gray
Boomi, a leading provider of AI-driven automation solutions, has entered into a definitive agreement to acquire Thru, Inc., a provider of enterprise-grade Managed File Transfer (MFT) solutions. This strategic acquisition, advised by Ropes & Gray, aims to enhance Boomi's file-based integration capabilities within its cloud-native platform, which facilitates seamless data movement across APIs, applications, and files. Boomi, which serves over 23,000 customers globally, is focused on expediting business outcomes through automation and streamlined processes. The legal advisory team from Ropes & Gray was composed of several partners with expertise in private equity, employment, IP transactions, compensation and benefits, tax, and regulatory matters.
Sectors
- Technology
- Legal Services
- Private Equity
Geography
- United States – Boomi is based in the United States, and Ropes & Gray is a global law firm with strong U.S. roots, indicating significant U.S. involvement.
Industry
- Technology – The acquisition relates to enterprise-grade Managed File Transfer and AI-driven automation, both of which fall within the technology sector.
- Legal Services – Ropes & Gray, a law firm, provided advisory services for the acquisition, representing the involvement of the legal services industry.
- Private Equity – The mention of a private equity partner in the advisory team suggests involvement of the private equity industry, even if indirectly.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Boomi | Acquiring Company | Company | A leader in AI-driven automation, focused on data management and integration. |
| Thru, Inc. | Target Company | Company | A provider of enterprise-grade Managed File Transfer solutions. |
| Ropes & Gray | Legal Advisor | Company | A global law firm advising Boomi in the acquisition. |
| James Davis | Private Equity Partner | Person | Member of Ropes & Gray's advisory team for the deal. |
| Jeremy Zucker | Associate | Person | Part of Ropes & Gray's advisory team. |
| Stephanie Bruce | Employment Partner | Person | Part of Ropes & Gray's advisory team. |
| Emily Karlberg | IP Transactions Partner | Person | Part of Ropes & Gray's advisory team. |
| Matt Jones | Executive Compensation & Employee Benefits Partner | Person | Part of Ropes & Gray's advisory team. |
| Tristan Evans-Wilent | Tax Partner | Person | Part of Ropes & Gray's advisory team. |
| Jonathan Klarfeld | Regulatory Partner | Person | Part of Ropes & Gray's advisory team. |
| Brendan Hanifin | Regulatory Partner | Person | Part of Ropes & Gray's advisory team. |