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This is followed by high rates of attrition by disrespecting the talented staff that stay and moving any new engineering jobs to offshore vendors. Thoma Bravo struck a deal in January to buy Kitchener-Waterloo-based Magnet for $1.8 billion CAD, take the publicly-traded company private, and combine it with digital forensics firm Grayshift. ESPN conducted its sixth round of layoffs in the past decade. A number of project managers lost their jobs as well. Mass layoffs and absentee bosses create a morale crisis at Meta (THE NEW YORK TIMES) Thoma Bravo, meanwhile, is a private equity firm founded in 2008 and based in Chicago with $70 billion of assets under management. We are proud to have partnered with Compuware over the past five-and-a-half years during which time the company has become a leading innovator in the mainframe software market,"Seth Boro, managing partner at Thoma Bravo, said in a news release. Compuware, a mainframe software services company,no longer discloses its employee head count, but between 500 and 1,000 employees are believed to work there now. But lots can change from now til close, so Im curious whether this will *actually* happen or end up getting replaced with some sort of synthetic stock options. By Cromwell Schubarth TechFlash Editor, Silicon Valley UserTesting Inc. to lay off 63 after $1.3B acquisition, merger - San Akamai Technologies, Go to company page Thanks. "The new owner changed management and built the company into an attractive acquisition target. Job cuts in tech sector spread, Microsoft lays off 10,000 Industry: Investment & Asset Management. "It is a long time since Compuware led the charge into downtown Detroit," he added. Facebook parent Meta is laying off 11,000 people, about 13% of its workforce. It reported $146.4. Was given phantom equity grant that vests at liquidity eventall employees could also join a co-invest program to buy equity on the same terms as TB. A news release Monday said the Compuware purchase will "modernize the mainframe industry.". Detroit's Compuware sold to Texas company - Detroit SAN FRANCISCO and MORRISTOWN, N.J., Sept. 21, 2020 /PRNewswire/ -- Thoma Bravo, L.P. ("Thoma Bravo" or the "Firm"), a leading private equity firm Slain Detroit neurosurgeon's home broken into night before his funeral, Report: Compuware's private equity owner exploring sale, Your California Privacy Rights / Privacy Policy.