OPEXUS and Casepoint Announce Merger with Thoma Bravo's Majority Investment
Deal News | Jan 27, 2025 | Thoma Bravo
OPEXUS, a leader in government process management software, and Casepoint, recognized for their advanced data discovery technology, have announced a merger complemented by a significant investment from Thoma Bravo, a reputable software investment firm. This strategic move aims to form a robust and innovative platform in data discovery and process management. Casepoint's shareholders and OPEXUS’s existing investor, Gemspring Capital, retain minority stakes post-merger. OPEXUS, serving a vast clientele comprising U.S. and Canadian government entities, specializes in digitizing complex processes and adhering to high privacy standards, notably for FOIA and audit functions. Casepoint's platform, esteemed for its cloud-native data discovery technology, is integral within many federal agencies and manages data for efficiency and compliance. The merger aims to drive growth predominantly in the North American GovTech market and facilitate the companies’ shared mission for customer-centered sustainable growth. Thoma Bravo's investment will support the firm in scaling their operations and meeting the demand in enterprise data software. Legal and financial advisors for this transaction included Kirkland & Ellis LLP, Deutsche Bank Securities Inc., Cooley LLP, Baird, McDermott Will & Emery LLP, Comvest Credit Partners, and HarbourVest Partners.
Sectors
- Software and Technology
- Government Technology (GovTech)
Geography
- United States – OPEXUS serves numerous U.S. government agencies, while both companies are headquartered and primarily operate in the U.S. market.
- Canada – As part of their client base, OPEXUS also serves public institutions in Canada, highlighting their North American market presence.
Industry
- Software and Technology – The merger centers around software solutions for government and commercial enterprises, focusing on data management and process innovations.
- Government Technology (GovTech) – OPEXUS and Casepoint provide technology services for government process management and data compliance, relevant to government agencies.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
OPEXUS | Target Company | Company | A leader in government process management software, supporting over 100,000 government users in North America. |
Casepoint | Target Company | Company | Specializes in data discovery technology for litigation and compliance, serving federal agencies with strong data management solutions. |
Thoma Bravo | Bidding Company | Company | A major software investment firm investing in the merger between OPEXUS and Casepoint. |
Gemspring Capital | Selling Company | Company | The existing investor in OPEXUS, retaining a minority position post-merger with Casepoint. |
Kirkland & Ellis LLP | Legal Advisor to Thoma Bravo | Other | Provided legal advice to Thoma Bravo during the investment process. |
Deutsche Bank Securities Inc. | Financial Advisor to Thoma Bravo | Other | Provided financial advice to Thoma Bravo on its investment in Casepoint. |
Cooley LLP | Legal Advisor to Casepoint | Other | Provided legal advice to Casepoint during the merger process. |
Baird | Financial Advisor to Casepoint | Other | Provided financial advice to Casepoint. |
McDermott Will & Emery LLP | Legal Advisor to OPEXUS | Other | Provided legal advice to OPEXUS during the deal. |
Comvest Credit Partners | Debt Financing | Other | Provided debt financing for the transaction. |
HarbourVest Partners | Debt Financing | Other | Provided debt financing for the transaction. |