Warburg Pincus has reached an agreement to acquire a majority stake in Raptor Technologies from private equity firm Thoma Bravo, in a transaction valuing the school safety software provider at roughly $1.8 billion, according to people familiar with the negotiations.
Sources said the deal could be announced imminently. They requested anonymity because the details are confidential. As part of the agreement, JMI Equity—an existing investor in Raptor—will retain a significant minority stake.
Warburg Pincus and Thoma Bravo declined to comment. Raptor Technologies and JMI Equity did not immediately respond to requests for comment.
Based in Houston, Raptor Technologies provides a wide-ranging suite of school safety and crisis management software used by K–12 districts worldwide. Its tools include systems for threat assessment, emergency response planning, incident recovery, and managing student movements on campus.
The company says its products are used in 60,000 schools across 55 countries. Demand for school security technology has surged in recent years amid rising concerns over safety incidents, including school shootings.
Reuters reported in September that Thoma Bravo was exploring a sale of Raptor, which it acquired a majority stake in back in 2018. The new deal marks one of the largest recent transactions in the school safety sector.
By DNU Staff