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

    NameRoleTypeDescription
    OPEXUSTarget CompanyCompanyA leader in government process management software, supporting over 100,000 government users in North America.
    CasepointTarget CompanyCompanySpecializes in data discovery technology for litigation and compliance, serving federal agencies with strong data management solutions.
    Thoma BravoBidding CompanyCompanyA major software investment firm investing in the merger between OPEXUS and Casepoint.
    Gemspring CapitalSelling CompanyCompanyThe existing investor in OPEXUS, retaining a minority position post-merger with Casepoint.
    Kirkland & Ellis LLPLegal Advisor to Thoma BravoOtherProvided legal advice to Thoma Bravo during the investment process.
    Deutsche Bank Securities Inc.Financial Advisor to Thoma BravoOtherProvided financial advice to Thoma Bravo on its investment in Casepoint.
    Cooley LLPLegal Advisor to CasepointOtherProvided legal advice to Casepoint during the merger process.
    BairdFinancial Advisor to CasepointOtherProvided financial advice to Casepoint.
    McDermott Will & Emery LLPLegal Advisor to OPEXUSOtherProvided legal advice to OPEXUS during the deal.
    Comvest Credit PartnersDebt FinancingOtherProvided debt financing for the transaction.
    HarbourVest PartnersDebt FinancingOtherProvided debt financing for the transaction.