H.I.G. Capital and Thoma Bravo on Monday said they have agreed to acquire nonprofit CompTIA’s brand and IT certification and training business for an undisclosed amount.
The investment giants plan to turn CompTIA into a for-profit venture. CompTIA’s current membership-based organization will be cleaved from the main business.
“Through this transaction, we will be well-positioned to accelerate and expand the rollout of products and services to train the highly skilled workers of the future,” CompTIA president and CEO Todd Thibodeaux said in a statement announcing the deal.
The transaction, which is subject to regulatory approval, is expected to close in early 2025.
“The technology landscape is evolving quickly, and it is more important than ever that IT professionals have the skills needed to solve not only today’s challenges, but also those expected to emerge in the future,” A.J. Rohde, senior partner at Thoma Bravo, said in a statement. “We view our investment in CompTIA as an important opportunity to capitalize on this growing need while investing in the development of the industry as a whole.”
The purchase comes amid an expected 5.8% jump in global tech spending in 2025, or two times the GDP, according to The Technology Business Management Council. What is more, generative artificial intelligence (AI) has a potential value of $4.4 trillion, TBM Council said.
CompTIA’s new owners are powerhouses in the investment world.
H.I.G. has more than $65 billion in capital under management, and it has invested in and managed more than 400 companies worldwide.
Software-focused Thoma Bravo boasts $160 billion in assets under management, and it has acquired or invested in more than 490 businesses.
