Thoma Bravo to Acquire Keynote Systems

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+
Partner Insights

Keynote Systems (KEYN) said Monday that it has agreed to be sold to the private-equity investment firm Thoma Bravo LLC for $395 million in cash.

Keynote, of San Mateo, Calif., sells testing and monitoring services for internet and mobile user interfaces.

It also issues reports on which banks' digital offerings perform best.

Keynote said it expects the deal, subject to regulatory and Keynote shareholder approvals, to close before Sept. 30. On the deal's completion Keynote would become privately held.

"We believe becoming a private company will provide additional flexibility and better position us to strategically invest in our nascent mobile enterprise business, further our sales programs and accelerate the next stage of the company's growth and industry market leadership," Umang Gupta, Keynote's chairman and chief executive, said in a press release.

Senior management is expected to remain with the company and Keynote is expected to remain in San Mateo.

JOIN THE DISCUSSION

SEE MORE IN

RELATED TAGS

'Dodd-Frank Is Like the TSA': Comments of the Week
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

(Image: iStock)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.