Thoma Bravo buys control of Apttus two months after founding CEO’s departure

Private equity firm Thoma Bravo on Tuesday said it bought a majority stake in Apttus Inc., whose founding CEO suddenly left this summer. Kirk Krappe had hired a chief financial officer and was expected to take the company public last year. But when that didn’t happen, it instead took a $75 million Series E round last fall led by Premji Invest, the private equity arm of Wipro Limited chairman Azim Premji. Then Krappe left abruptly on July 2 and now Thoma Bravo has bought control. Terms of the deal…

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