Pam Lopker, QAD founder will continue to hold what was described as a “significant ownership interest in the company” and remain as president. Anton Chilton will stay as CEO, along with the rest of the executive team.
Estimated reading time: 0 minutes, 21 seconds
THOMA BRAVO BUYING QAD FOR $2B Featured
Private equity firm Thoma Bravo will take QAD private in a $2 billion deal. QAD shareholders will receive $87.50 per share in cash, which was a premium of about 20 percent over the last close before the announcement.
Most Read
-
-
May 22 2017
-
Written by mark
The last year has been one of change—the cloud has…
-
-
-
May 22 2017
-
Written by BobWScott
The last year has been one of change—the cloud has…
-
-
-
May 19 2021
-
Written by BobWScott
Just what kind of year has it been for the…
-
-
-
May 25 2016
-
Written by mark
Annual Report: 2016 BSI Top 100 VARs The web has…
-