Thoma Bravo to Acquire Keynote Systems

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

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'schairman and chief executive, saidin a press release.

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

JOIN THE DISCUSSION

SEE MORE IN

RELATED TAGS

'The Law Penalizes the Consumers It Set Out to Protect': Comments of the Week

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

(Image: Fotolia)

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.

The Most Influential Women in Payments

What does it take to lead in the still-mostly-male world of payments? This year's 20 Most Influential Women in Payments share stories about how they got to the top, their vision for the future of payments (hint: it's mainly mobile), and advice to other women working their way up the ladder.
DAILY ENEWSLETTER UPDATE

A Newsletter featuring Bank Technology News' top stories plus special reports and data

TWITTER
FACEBOOK
LINKEDIN
Already a subscriber? Log in here
Please note you must now log in with your email address and password.