Thoma Bravo Predicts Software Valuations Will Decline

Thoma Bravo co-founder Orlando Bravo said Tuesday at the firm's investor meeting in Miami that artificial intelligence will disrupt many public software companies and that some recent valuation declines are "very warranted." He said some high-quality software businesses were unfairly punished, noted the firm manages over $183 billion as of December, and acknowledged overpaying for the 2021 Medallia acquisition.
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