Thoma Bravo Hunts Post-SaaSpocalypse Bargains — Sees Market Mispricing Specialized Software With Data Moats

CNBC·medium signal

Orlando Bravo (Thoma Bravo) told CNBC that while some software valuations are 'very warranted' to decline, the market is broadly mispricing companies with genuine moats in payroll, cybersecurity, and process-specific workflows. Thoma Bravo's thesis: while public valuations collapse, underlying business fundamentals (growth, retention) are actually improving. The firm is actively acquiring undervalued software companies, viewing the panic as a generational buying opportunity. For builders: the PE signal suggests the SaaSpocalypse is creating winners, not just losers.