Thoma Bravo Inks $395M Buyout Deal For Keynote Systems

Law360, New York (June 24, 2013, 2:41 PM EDT) -- Software and business services private equity firm Thoma Bravo LLC will acquire California-based Keynote Systems Inc., a leading Internet and mobile cloud testing company, for roughly $395 million, Keynote announced Monday.

Thoma Bravo has agreed to pay Keynote stockholders $20 per share, a 48 percent premium to the company's closing price on the Nasdaq Stock Exchange Friday. The New York-based private equity house will fund the acquisition entirely in cash.

"Keynote is the established leader in the Internet and mobile testing and monitoring market and is...
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