Keynote System Taken Private, Names New CEO

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The private equity group Thoma Bravo has completed its previously announced acquisition of Keynote System for approximately $395 million.

Keynote will remain headquartered in San Mateo, Calif. In addition, retiring CEO Umang Gupta will transition the CEO role to Jennifer Tejada.

Most recently, Tejada served as executive vice president and chief strategy officer for Mincom, a global enterprise software company.

"Keynote has built an incredible brand with loyal customers, a talented team and market-leading products," said Tejada. "As businesses increasingly shift core customer interactions and transactions to mobile and online, performance monitoring for those platforms is key. This transaction will allow us to continue to innovate for our customers with the increased flexibility of a private company."

The acquisition represents Thoma Bravo's 28th platform company in the software and technology industries.

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