Thoma Bravo Announces Sale of Digital Insight to NCR
SAN FRANCISCO -- December 2, 2013
Thoma Bravo, LLC, a leading private equity investment firm, announced today
the sale of portfolio company Digital Insight Corporation, a leading provider
of digital banking capabilities to financial institutions, to NCR Corporation,
the global leader in consumer transaction technologies, for $1.65 billion. The
sale is expected to close in Q1 2014.
“Thoma Bravo was able to establish Digital Insight as a standalone company
following our acquisition from Intuit in August, while also offering Intuit a
successful and efficient outcome,” said Thoma Bravo managing partner Orlando
Bravo. “Digital Insight has attracted interest from NCR with its strong set of
online and mobile banking products, rich client list, and accomplished
“Thoma Bravo was an experienced and trusted partner during our carve-out from
Intuit, and I appreciate the effort from our team at Digital Insight,” said
Digital Insight CEO John O’Malley. “Thoma Bravo gave us the tools and
knowledge to succeed as a standalone company and we look forward to our next
stage with NCR.”
“It was a pleasure to work with the leadership team at Digital Insight, and we
wish them the best as part of NCR’s Financial Services line of business,” said
Thoma Bravo managing partner Holden Spaht.
Digital Insight, formerly Intuit Financial Services, a division of Intuit,
Inc., was acquired by Thoma Bravo in August of 2013. Kirkland & Ellis LLP
served as legal advisor to Thoma Bravo.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year
history of providing equity and strategic support to experienced management
teams and growing companies. The firm applies its own industry consolidation
investment strategy and process, which seeks to create value by partnering
with a company’s management to improve business operations and make strategic
acquisitions that will accelerate growth. Thoma Bravo invests across multiple
industries, with a particular focus on application and infrastructure software
and financial and business services. The firm currently manages a series of
private equity funds representing more than $4 billion of equity commitments.
For more information, visit www.thomabravo.com.
About Digital Insight
Digital Insight helps banks and credit unions grow by offering innovative
online and mobile banking solutions that make it easier for consumers and
businesses to manage their money. Applying customer insights and innovation to
design its products, Digital Insight provides solutions that help financial
institutions achieve higher customer engagement and profitability.
LANE PR (for Thoma Bravo)
Amber Roberts, 212-302-5964
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