HedgeCo.Net — Thoma Bravo announced a strategic growth investment in Tanda, a Brisbane-based workforce management, payroll, and HR platform for shift-based employers that also operates internationally as Workforce.com. Terms of the transaction were not disclosed in Thoma Bravo’s release or the PR Newswire distribution. Both statements said Tanda’s co-founders will remain significant shareholders and continue to lead the company, with Jake Phillpot remaining chief executive officer.
Tanda said it has been bootstrapped since its 2012 founding and serves approximately 8,000 businesses globally across hospitality, retail, quick-service restaurants, healthcare, and other frontline industries. Proceeds are earmarked for product innovation, including an AI roadmap, and expansion into new markets. Thoma Bravo described itself as holding approximately $170 billion in assets under management as of June 30, 2026. Partner Carl Press and Principal Adam Kinalski spoke for the firm; Barrenjoey advised Tanda and Piper Sandler advised Thoma Bravo.
This is a disclosed growth investment with undisclosed terms—not a take-private with a printed valuation. Mark the strategic growth investment, founder continuity / Phillpot as CEO, ~8,000-customer framing, and undisclosed terms as the hard tape. Do not import pre-announcement bidding rumors as the closed price. The allocator object is software PE growth equity into a bootstrapped vertical SaaS payroll/WFM platform.