Thoma Bravo acquires SaaS company Anaplan for $10.7B

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Business planning SaaS (software-as-a-service) software maker Anaplan is being acquired by private equity firm Thoma Bravo for $10.7 billion.

Founded in the UK and now based in San Francisco, Anaplan offers cloud-based finance and planning software and counts almost 2,000 customers worldwide, including Coca-Cola, Shell, Thomas Cook and VMware. The company went public in 2018, two years after rival SaaS firm Workday considered an acquisition attempt.

Under the terms of the deal, Anaplan shareholders will receive $66 a share in cash, while the company’s current chief executive Frank Calderoni will continue to lead the company.

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