Thoma Bravo LLC, a private equity investment firm, has acquired Continuum, provider of an IT management platform for managed IT service providers (MSPs), from Summit Partners. Financial details of the deal were not disclosed.
Continuum, headquartered in Boston, provides MSPs with the platform, services and processes to help simplify IT management and deliver remote monitoring and management (RMM), backup and disaster recovery and security offerings to small- and medium-sized businesses (SMBs). Its vertically integrated service delivery model combines a SaaS-based technology suite with a network operations center (NOC) and help desk, and allows MSPs to remotely administer, backup and secure their clients' IT environments from a single screen and to scale quickly and cost-effectively.
The acquisition of Continuum was made through Thoma Bravo's Discover Fund, through which the company focuses on growth-oriented technology companies in the lower middle market. Previous Discover Fund investments include Bomgar, a cybersecurity provider; Elemica, a supply chain operating network; Infogix, an analytics company; and T2 Systems, a parking management software firm.
For more information, go to www.thomabravo.com and www.continuum.net.