Tag: Mailgun

Scaleworks Startup Mailgun Announces Exit with Private Equity Firm Thoma Bravo
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Scaleworks Startup Mailgun Announces Exit with Private Equity Firm Thoma Bravo

Mailgun Technologies, Inc., a provider of email infrastructure software, announced Monday it sold a majority stake in the company to private equity firm Thoma Bravo, a leading software-focused private equity investment firm. The transaction closed on March 26, as reported by Thoma Bravo financial advisor William Blair.Mailgun is a leading email automation platform provider for software developers and was one of eight startups in Scaleworks' portfolio. The San Antonio firm is a  hybrid venture capital and private equity fund that uses its capital to help grow the business-to-business technology startups it acquires. It was co-founded by former Rackspace executive Lew Moorman and investor Ed Byrne.The companies did not share terms, but this is the second owner for Mailgun. The compan...