Thoma Bravo makes strategic growth investment in circular cardiovascular imaging
CALGARY, Alta. and SAN FRANCISCO, April 20, 2022 /PRNewswire/ — Thoma Bravo, a leading software investment firm, today announced the completion of its strategic growth investment in Circle Cardiovascular Imaging Inc. (“Circle CVI”), the global leader in imaging solutions. cardiovascular imaging.
Circle CVI is the leading provider of AI-based cardiac imaging and reporting solutions, including imaging post-processing software for Cardiac MRI (“CMR”) and Cardiac Computed Tomography (“CT”) ). The company has developed an extensive portfolio of specialized, precise and intuitive solutions that are an integral part of precision medicine and enable physicians to provide the highest quality care to their patients. Circle CVI solutions are used by thousands of clinical users, both in hospitals and academic institutions, in more than 50 countries. Thoma Bravo’s investment will provide significant operational and financial resources to enable the company to increase its leadership in the global cardiac imaging industry.
“With the closing of this transaction, we are excited to work with the team at Thoma Bravo to accelerate our growth, drive continued product innovation and further strengthen Circle CVI as a market leader,” said Greg Ogrodnick, CEO and co-founder of Circle CVI. “Together, we can continue to develop even better solutions and products to serve cardiovascular professionals and their patients around the world.”
“Circle CVI is the category leader in cardiac image post-processing solutions, and through our partnership, we can help continue the company’s momentum and advance its product offerings while opening new new opportunities for global growth,” said Carl press, a partner at Thoma Bravo. “We are thrilled to be working with Greg and the entire Circle CVI team and look forward to helping the company reach even greater heights.”
AGC Partners served as financial advisor to Circle CVI and Osler, Hoskin & Harcourt LLP acted as legal counsel. Kirkland & Ellis, LLP and McMillan LLP served as legal advisors to Thoma Bravo. Deutsche Bank Credit Solutions and Direct Lending provided committed financing for the transaction.
About Thomas Bravo
Thoma Bravo is one of the largest private equity firms in the world, with over $103 billion of assets under management at December 31, 2021. The company invests in innovative growth-oriented companies operating in the software and technology sectors. Leveraging the firm’s deep industry expertise and proven strategic and operational capabilities, Thoma Bravo works with its portfolio companies to implement operating best practices, drive growth initiatives and execute acquisitions. accretive investments intended to accelerate revenues and profits. Over the past 20 years, the company has acquired or invested in more than 375 companies representing more than $190 billion in enterprise value. The company has offices in Chicago, Miami and San Francisco. For more information, visit www.thomabravo.com.
About Circle Cardiovascular Imaging Inc.
Circle Cardiovascular Imaging Inc. develops world-class advanced reading and reporting solutions for cardiac imaging. Circle CVI is a leading company in the global cardiac imaging community, bringing together an experienced and dedicated team of over 150 people and offering multilingual support worldwide. Circle CVI’s imaging platform, cvi42, is a best-in-class cardiovascular imaging readout and reporting solution for cardiac MRI, cardiac CT, cardiac interventional planning, and electrophysiology. Each year, millions of cardiac examinations – in more than 1,000 hospitals and in more than 50 countries – are interpreted using cvi42. For more information, please visit www.circlecvi.com or contact: [email protected].