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  • Sunday, November 17, 2024

Thoma Bravo Invests in Mobile Forensics Company Grayshift

Grayshift, a provider of mobile device forensics technology to law enforcement and government investigative agencies, has received a strategic growth investment from private equity firm Thoma Bravo.

Thoma Bravo said Thursday that Grayshift’s purpose-built software offering works to help public safety organizations conduct lawful recovery of digital evidence.

David Miles, co-founder and CEO of Grayshift, said the company is aiming to grow its international team and products portfolio as well as pursue acquisition opportunities.

Grayshift shareholders PeakEquity Partners and C&B Capital will remain invested in the cellphone forensics tool provider.

Kirkland & Ellis acted as Thoma Bravo’s legal counsel on the transaction.

Morgan Stanley and DLA Piper respectively provided financial and legal advisory services to Grayshift.

In 2021, Grayshift was awarded a $3.8 million sole-source purchase order by the U.S. Immigration and Customs Enforcement.

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