The Exostar Platform accelerates the digital transformation initiatives of nearly 200,000 companies worldwide and mitigates risks when engaging with their global communities of customers, partners and suppliers. Its portfolio of products allows companies to share sensitive information in a trusted environment and transact business securely, compliantly and efficiently across multi-tiered networks. This transaction will position Exostar to continue building on the significant growth and transformation realized under Thoma Bravo's ownership, and achieve accelerated long-term success by driving product development and expanded services for customers.

"Exostar is a true industry leader with an expanding market opportunity, especially as the need for digital trust across organizations and geographies continues to grow rapidly and the security of global supply chains is top of mind to business leaders," said Michael Lustbader, a Managing Partner at Arlington Capital Partners. "We have great respect for what Richard Addi and the entire Exostar team have accomplished and look forward to working alongside them to drive continued success using our collective domain expertise."

"Arlington's focus on regulated industries including aerospace and defense, healthcare and life sciences, aligns directly with the markets we serve. This synergy makes them an ideal partner for us as we enter the next stage of our corporate journey. We look forward to leveraging Arlington's expertise and connections to help us further strengthen our platform and exceed our ambitious growth targets," said Richard Addi, Chief Executive Officer and President of Exostar. "Together with Thoma Bravo, we have made incredible strides in advancing our mission of delivering best-in-class products for our valued customers while at the same time delivering accelerated and profitable growth. We very much appreciate their support."

Ben Ramundo, a Principal at Arlington Capital Partners, added, "Exostar plays a critical role in securely facilitating supply chain transactions and broader collaboration between the largest aerospace, defense and healthcare firms and each of their supply bases. We look forward to strengthening that network even further by building upon management's impressive accomplishments under Thoma Bravo's stewardship."

"It has been a privilege to work alongside the Exostar team," said Carl Press, a Partner at Thoma Bravo. "Under Richard's leadership, the company successfully transformed its commercial capabilities, expanded its product offering with The Exostar Platform and achieved substantial growth in both revenue and earnings, all while remaining true to its long-standing commitments to customers and partners. We are very proud of the business transformation that took place under Thoma Bravo's ownership, and I'm confident that Arlington will help take Exostar to even greater heights."

The transaction is expected to close by the end of 2023, subject to regulatory approvals and customary closing conditions.

Gibson, Dunn and Crutcher LLP served as legal advisor and Shea and Company served as financial advisor to Arlington Capital Partners. Kirkland and Ellis LLP served as legal advisor and Aeris Partners LLC served as the exclusive financial advisor to Thoma Bravo.

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