Congrats to Casepoint for the announcement that OPEXUS and Casepoint announce merger and majority investment from Thoma Bravo! A portion of the press release is below, here’s a link to the full release!

OPEXUS and Casepoint Announce Merger and Majority Investment from Thoma Bravo

Merger creates a trusted leader in data discovery and process management software that modernizes government and regulated enterprises

WASHINGTON, TYSON’S, Va., and SAN FRANCISCO – OPEXUS, a leading provider of government process management software, and Casepoint, the industry leader in data discovery technology for litigation, investigations, and data compliance, today announced a merger and a majority investment from Thoma Bravo, a leading software investment firm. Casepoint shareholders and OPEXUS’s existing investor Gemspring Capital will both retain minority positions in the combined company.

OPEXUS currently serves over 100,000 government users and 200 public institutions in the U.S. and Canada, providing purpose-built solutions for Freedom of Information Act (FOIA), audit, investigations, workforce management, and procurement teams. Its solutions help customers digitize complex government processes, approvals, and reporting, modernizing their ability to respond to rapidly growing and increasingly challenging requests while adhering to the highest privacy and security standards. 

Casepoint’s modern, cloud-native approach to data discovery is the gold standard for highly complex, data-responsive workflows. Casepoint has Department of Defense Impact Level 5 and 6 security certifications and is used by dozens of federal agencies. Its innovative software is widely used by enterprise customers to manage data, enhance efficiency, mitigate risk, and effectively meet reporting and compliance obligations related to litigation, investigations, and Congressional inquiries. Casepoint was established in 2008 by founder and Chief Technology Officer Vishal Rajpara and co-founder and Chief Operating Officer Vipul Rajpara.  

This strategic merger and Thoma Bravo’s investment will establish a more comprehensive and innovative process management and discovery platform for government and commercial customers in North America and accelerate the combined company’s growth. The combined company will be led by CEO Howard Langsam and Vishal Rajpara will serve on the executive leadership team. It will be headquartered in Washington, D.C. 

“There is a growing need for high-quality data management in the public sector, with government agencies increasingly seeking to be as efficient, transparent, and accountable as possible,” said Howard Langsam, CEO of OPEXUS. “The addition of Casepoint’s data discovery technology and Thoma Bravo’s impressive software and operational expertise will help us meet this demand and accelerate our expansion in the GovTech market, as well as expand our coverage of enterprise customers.”

“Casepoint and OPEXUS share an ambitious vision to drive sustainable, long-term growth and focus on our customers’ missions,” said Haresh Bhungalia, CEO of Casepoint. “As one firm, we are poised to enhance our offerings, scale our operations, and capture the growing demand for enterprise data software. Vishal, Vipul, and I are very grateful for the strong foundation established by our global team’s dedication to innovation and for the trust placed in us by our valued employees and customers.” 

“Today, more than ever, government agencies are in need of modern technology that drives efficiency and improves transparency,” said Carl Press, a Partner at Thoma Bravo. “Both Casepoint and OPEXUS have established themselves as trusted partners to nearly all of the largest federal agencies as well as many state and local governments and regulated commercial businesses. We see immense potential in one combined, comprehensive solution provider and are thrilled to partner with the management teams of both businesses under Howard’s leadership to build a truly special franchise.”

“The combination of OPEXUS and Casepoint will create a unique company with the expanded scale and product suite required to meet the increasingly complex needs of their customers with the ultimate goal of making government and corporate workflow processes more efficient,” said Sam Yules, a Vice President at Thoma Bravo. “We are looking forward to working with their teams to reach their full potential in this next chapter.”

Kirkland & Ellis LLP served as legal advisor to Thoma Bravo. Deutsche Bank Securities Inc. served as financial advisor to Thoma Bravo on its investment in Casepoint. Cooley LLP served as legal advisor to Casepoint, and Baird served as financial advisor. McDermott Will & Emery LLP served as legal advisor to OPEXUS. Comvest Credit Partners and HarbourVest Partners provided debt financing for this transaction.

Congrats again to Casepoint for the announcement that OPEXUS and Casepoint announce merger and majority investment from Thoma Bravo! Sounds like a perfect match!

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