Thoma Bravo, the world’s largest software-focused investment firm, has completed its acquisition of Dayforce, Inc., a global leader in human capital management (HCM) technology, for approximately US$12.3 billion. Dayforce stockholders received US$70.00 per share in cash, and the company’s common stock has ceased trading and been delisted from the New York Stock Exchange and Toronto Stock Exchange. As a private company, Dayforce gains greater flexibility to accelerate innovation, customer value, and leadership in AI-powered HCM solutions.
The completion of the transaction marks a significant milestone for Dayforce, shifting from public to private status under Thoma Bravo’s ownership. This move provides the company with increased operational agility, long-term investment capacity, and strategic focus to advance its vision as the AI-powered people platform that simplifies workforce management at scale.
David Ossip, Chair and CEO of Dayforce, commented: “Today marks a pivotal moment for Dayforce in advancing our promise to make work life better as the AI-powered people platform. With Thoma Bravo’s support, we are even better positioned to scale our business, further customer value, and drive innovation that empowers our community to do the work they are meant to do.”
Holden Spaht, Managing Partner at Thoma Bravo, stated: “Dayforce is actively creating the future of HCM, backed by a platform and team that deliver real, measurable results for its customers. With demand for intelligent, AI-driven HR technologies accelerating, we are excited to welcome Dayforce to Thoma Bravo’s portfolio and together unlock their next phase of growth and customer impact.”
Tara Gadgil, Partner at Thoma Bravo, added: “We are pleased to begin working with Dayforce to build on their leadership in modern HCM. Dayforce has a clear vision for the AI-powered workforce, driven by its commitment to strong customer relationships and continuous innovation. We see significant opportunity to help Dayforce expand its reach and achieve its full potential in the years ahead.”
Dayforce’s single, AI-powered platform unifies HR, payroll, time, talent, and analytics, delivering simplicity, confidence, and measurable value to thousands of customers and millions of employees worldwide. As a private company, Dayforce can prioritize long-term investments in AI capabilities, product development, and customer success without short-term public market pressures.
The acquisition aligns with Thoma Bravo’s strategy of partnering with leading software companies to drive sustainable growth and innovation. With more than $181 billion in assets under management and a proven track record in software investments, Thoma Bravo provides Dayforce with deep sector expertise and resources to capitalize on the expanding demand for intelligent HCM solutions.
About Dayforce
Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on enabling thousands of customers and millions of employees around the world to do the work they're meant to do. With our single AI-powered people platform for HR, Pay, Time, Talent, and Analytics, organizations of all sizes and industries are benefiting from simplicity at scale with Dayforce to help unlock their full workforce potential, operate with confidence, and realize quantifiable value. To learn more, visit dayforce.com.
About Thoma Bravo
Thoma Bravo is the world’s largest software-focused investment firm, with more than $181 billion in assets under management as of September 30, 2025. Partnering with some of the world’s most sophisticated investors, Thoma Bravo’s private equity and private credit platforms reflect a focused investment strategy, supported by disciplined execution, deep sector expertise and leadership continuity.
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