Business planning SaaS (software-as-a-service) software maker Anaplan is being acquired by private equity firm Thoma Bravo for $10.7 billion.\n\nFounded in the UK and now based in San Francisco, Anaplan offers cloud-based finance and planning software and counts almost 2,000 customers worldwide, including Coca-Cola, Shell, Thomas Cook and VMware. The company went public in 2018, two years after rival SaaS firm Workday considered an acquisition attempt.\n\nUnder the terms of the deal, Anaplan shareholders will receive $66 a share in cash, while the company\u2019s current chief executive Frank Calderoni will continue to lead the company.\n\n\u201cAnaplan is a clear leader in connected planning, solving critical business priorities for the world\u2019s largest enterprises as they implement strategic and complex digital transformations,\u201d said Holden Spaht, managing partner at Thoma Bravo said in a press release. \u201cWe have followed Anaplan for years and have seen the incredible value they bring customers through their best-in-class planning platform. We look forward to leveraging Thoma Bravo\u2019s extensive operational and investment expertise in enterprise software to support Anaplan in its future growth.\u201d\n\nThe deal represents the latest in a string of high-profile leveraged buyouts of software companies in the last 18 months.\n\nThe software sector experienced rapid growth during the COVID-19 pandemic, attracting interest from private equity firms looking to capitalize on this growing trend. In November 2021, Advent International and Permira announced the $14 billion buyout of cybersecurity company McAfee, while Elliott Management and Vista Equity embarked on a $16.5 billion takeover of Citrix in January of this year. Thoma Bravo itself acquired cybersecurity firm Proofpoint for around $12 billion last year.