Thoma Bravo announced that Arlington Capital Partners has successfully concluded the acquisition of Exostar, LLC from Thoma Bravo, marking the completion of the deal. Exostar is a provider of cloud-based secure business collaboration software catering to regulated industries such as aerospace and defense, healthcare, life sciences, banking, financial services, and insurance. This acquisition provides Arlington with a new opportunity to expand its footprint in the technology industry.
The scope and impacts of Exostar's operations are significant. The Exostar Platform facilitates risk mitigation and secure protection of sensitive information and intellectual property during interactions with their worldwide networks of customers, partners, and suppliers for advancing the digital transformation efforts of around 200,000 global companies. Arlington Capital Partners received legal advice from Gibson, Dunn & Crutcher LLP and financial guidance from Shea & Company while Thoma Bravo was legally represented by Kirkland & Ellis LLP and financially advised by Aeris Partners LLC according to a press release by Thoma Bravo.
Exostar’s leadership shared their thoughts on this recent transaction. "We are excited to begin Exostar's next chapter as we continue to expand our leading platform for secure business collaboration," said Richard Addi, Chief Executive Officer and President of Exostar according to a press release by Thoma Bravo. "Arlington's directly relevant focus experience network support will strengthen our team advance our mission make The Exostar Platform solution choice target markets rapidly growing customer communities appreciate thoughtful strategic support received from Thoma Bravo helped us transform company solidify position."
From the perspective of Thoma Bravo, there was also positivity surrounding the deal. "The team at Exostar have been excellent partners we very proud many accomplishments under our ownership which include making substantial investments product platform accelerating revenue earnings growth improving customer experience," said Carl Press, a Partner at Thoma Bravo according to a press release by Thoma Bravo. "We wish Richard and the team every success as they begin their partnership with Arlington."