Thoma Bravo managing partner Holden Spaht talks with Dani Burger on “Bloomberg Deals. Wall Street has been dumping software-as-a-service providers in recent weeks amid fears that the products they offer will become redundant in the age of AI. Thoma Bravo has specialized in software investing since being founded in 2008. “To think that all software is the same, they’re missing the mark a bit,” Spaht said. “We think this could be a really exceptional buying opportunity.”