TechTaffy

tech:

taffy

Thoma Bravo to acquire majority interest in Apttus

By TechTaffy Desk

Private equity investment firm Thoma Bravo has signed a definitive agreement to acquire a majority interest in Apttus. The transaction is expected to close in early October, subject to usual and customary closing conditions and regulatory approvals.

Apttus provides quote-to-cash, contract lifecycle management and other middle office solutions. The company also has an applied AI offering called Max.

Goldman Sachs served as the lead financial advisor and Cooley served as legal advisor for Apttus. Kirkland and Ellis served as legal advisor to Thoma Bravo and Deutsche Bank Credit Solutions & Direct Lending is providing financing for the transaction.

Financial details of the transaction were not disclosed.

[Image courtesy: Apttus]

Just in

Around the web

Apple agrees to $95 million settlement in Siri eavesdropping lawsuit — Gizmodo

Apple has agreed to pay $95 million to settle a long-running class action lawsuit that accused the company of illegally intercepting customers’ conversations through its Siri virtual assistant, writes Todd Feathers. 
Around the web

The US Treasury Department was hacked — The Verge

The threat actor stole a key used by BeyondTrust “to secure a cloud-based service used to remotely provide technical support for Treasury Departmental Offices (DO) end users, writes Emma Roth.
IT

Xerox to acquire Lexmark

Xerox has announced plans to acquire Lexmark from Ninestar, PAG Asia Capital, and Shanghai Shouda Investment Centre for $1.5 billion.
Around the web

ChatGPT search tool vulnerable to manipulation and deception, tests show — The Guardian

OpenAI’s ChatGPT search tool may be open to manipulation using hidden content, and can return malicious code from websites it searches, a Guardian investigation has found; writes Nick Evershed. 
Public Sector

SAIC secures $170.9M cybersecurity contract with Texas Department of Information Resources

Science Applications International Corp. (SAIC) has been awarded a $170.9 million contract by the Texas Department of Information Resources (DIR) to provide cybersecurity services.