Thoma Bravo has bought a majority stake in the email automation tools provider, which spun out of cloud services firm Rackspace in 2017.
Private equity firm Thoma Bravo has acquired a majority stake in Mailgun, a US-based email automation platform spun off by cloud services provider Rackspace.
The terms of the deal were not disclosed and Mailgun did not reveal which investors would exit, though investment firm Turn/River will retain its minority stake in the company.
Founded in 2010, Mailgun provides tools that enable developers to build email functionality directly into their applications, allowing companies to create, execute and measure the performance of…
