Warburg Pincus to acquire Raptor Technologies for around $1.8 billion, sources say

By Milana Vinn

Nov 28 (Reuters) - Warburg Pincus has agreed to acquire a majority stake in Raptor Technologies from fellow investment firm Thoma Bravo, in a deal that values the school safety software provider at around $1.8 billion, according to people familiar with the matter.

THE DETAILS

• The deal could be announced imminently, the sources said, requesting anonymity to discuss confidential information.

• As part of the agreement, private equity firm JMI Equity, another existing investor in Raptor, will retain a significant minority stake in the company, the sources added.

• Warburg Pincus and Thoma Bravo declined to comment. Raptor Technologies and JMI Equity did not immediately respond to requests for comment.

THE COMPANY

• Houston-based Raptor Technologies provides a suite of safety software solutions for K-12 schools that include crisis prevention, preparation for emergency response and recovery, and safe student movement management.

• Raptor is used by 60,000 schools in 55 countries, according to its website.

• The kind of technology that Raptor provides has become more sought-after in recent years as the number of school-based security incidents, including school shootings, continues to rise.

• Reuters reported in September that Thoma Bravo was exploring a sale of Raptor Technologies.