Anaplan Inc agrees to be acquired by Thoma Bravo LP for $9.65B, in a sign of rising private equity interest in cloud-based space, according to a news release by Anaplan on Sunday.

  • The acquisition deal would give Anaplan investors $66 for every share held, a premium of more than 30% over the company’s last closing price on Friday.
  • Even though most software companies saw their shares rise last year, Anaplan failed to take advantage of the boom and its shares plummeted more than 36%.
  • Anaplan provides planning software as a service to enterprises that help in restructuring forecasting outcomes and has over 1,900 customers across the world.

Software-focused Thoma Bravo, which manages over $10B assets, will focus on Anaplan’s software base and branding to grow its business. The deal is set to be finalized in the first half of this year. PLAN: NYSE is up 28.29%, Pre-market trading