Software-focused buyout house Thoma Bravo has agreed to make a significant growth investment in financial services automation solutions provider SMA Technologies.

SMA Technologies’ current majority investor, ParkerGale Capital, will retain a minority position in the business.
The firm said the investment will enable SMA to significantly expand its offering of automation solutions for its clients while accelerating growth geographically and into tangential industries over time.

Founded by automation experts at NASA in 1980, SMA helps eliminate manual tasks, reduce human error and free up resources through its workload automation platform.

Read more: Private Equity Wire