Private Equity at Work: Private Equity Investment Helps Grow “Slice of Silicon Valley” in Ohio

In 2007, Cleveland, Ohio-based Hyland Software was a growing company that needed help to stay ahead in a highly competitive marketplace. Hyland formed a strategic partnership with private equity firm Thoma Bravo and as a result, the company was able to make acquisitions and integrate technologies necessary for growth. Since the initial investment, Hyland Software has more than doubled its number of employees.

  • Hyland has doubled employment in less than five years, with more than 1,300 people on staff today. The company expects to hire 150 more by the end of 2012.
  • Since its initial investment in 2007, Thoma Bravo has helped Hyland purchase five companies and grow revenue by $144 million.
  • Hyland has increased its customer count by 4,000 since the investment, with more than 10,800 lifetime customers today.

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