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Sma Technologies Announces Strategic Growth Investment From Thoma Bravo

Sep 29, 2022•almost 3 years ago

HoustonFintechFinancial ServicesInformation Technology

Description

SMA Technologies ("SMA"), a leading provider of automation solutions for financial services, today announced that Thoma Bravo, a leading software investment firm, has signed a definitive agreement to make a significant growth investment in the company. SMA Technologies' current majority investor, ParkerGale Capital, will retain a minority position in the business. Financial terms of the transaction were not disclosed.

Company Information

Company

SMA Technologies

Location

Fannin St

Houston, Texas, United States

About

SMA Technologies is the maker of OpCon, the leading workload automation and orchestration platform for banks, credit unions, and other financial services businesses. The platform delivers enterprise power and scalability without the complexity or cost. OpCon enables companies to easily automate manual tasks and seamlessly orchestrate workloads across business-critical operations, saving time and reducing cost by eliminating human error and deploying IT resources on strategic initiatives. More than 700 financial institutions trust SMA with their mission-critical operations.