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Thoma Bravo to pick up Aucerna
Posted on Friday, 08 February 2019 15:39
Thoma Bravo is buying Aucerna, a Canada-based software company which provides integrated planning, execution and reserves technology for the energy industry.

While financial details were not disclosed, the deal is expected to close in the first quarter of 2019, subject to the usual closing conditions and regulatory approvals.

The acquisition represents another addition to Thoma Bravo’s software portfolio; the company acquired cloud-based management software and safety platform operator PEC Safety Operations for an undisclosed sum back in December 2018.

Aucerna provides technology and software for operators, consultants and education institutions in the energy industry, serving over 500 customers through 12 sites in countries including the US, Spain, the UK, New Zealand, Australia and China, among others.

Its products include the Aucerna Portfolio, which allows companies to optimise their portfolios, and PlanningSpace, a cloud-based planning platform for the upstream oil and gas sector.

The target also provides budgeting and forecasting technology for clients, as well as operational scheduling and reserves management.

Wayne Sim, chief executive of the target, said the deal comes during a period of volatile oil prices in the upstream oil and gas industry, in which long planning processes have affected the consistency of data.

He added “Aucerna is providing the bridge between strategy, operational activity and financial outcomes by connecting planning, resources, actions and operational realities.

“The result is better data, better decisions, transparency and accountability across the organisation.”

According to Zephyr, the M&A database published by Bureau van Dijk, there were 4,134 deals targeting software publishers announced worldwide in 2018.

US companies were featured in the three biggest transactions, the largest of which involved IBM buying Red Hat for USD 34.00 billion.

Other companies targeted in this sector last year include, VMWare, DST Systems, Xiaoju Kuaizhi, Beijing Mobike Technology and GrabTaxi Holdings.

© Zephus Ltd