Connect with us

Technology

Thoma Bravo Makes Strategic Growth Investment in PCMI

Published

on

MIAMI and CHICAGO, March 17, 2025 /PRNewswire/ — Thoma Bravo, a leading software investment firm, today announced a strategic growth investment in PCMI (“PCMI” or “the Company”), a leading provider of administration software for finance & insurance (“F&I”) products in the automotive and consumer end markets. As part of the transaction, existing shareholders – including PCMI management, its employees, and Equality Asset Management (“EAM”), a growth-focused private equity firm – will retain minority positions in the Company.

PCMI is a global leader in integrated administration solutions, enabling third-party administrators, dealers, OEMs and lenders to streamline end-to-end policy, claim and refund payment processes. Its flagship platform, PCRS, has processed over 89 million contracts and 39 million claims, offering 140+ integrations to enhance efficiency, reduce costs and keep customers competitive. Since 2012, PCMI has grown from a small startup to an industry powerhouse with 200+ experts across North America, Europe and Asia.

“Over the past 13 years, we have built PCMI into a leading provider of software solutions by prioritizing product excellence, deep customer understanding and a culture of innovation,” said Mark Nagelvoort, Founder and CEO of PCMI. “We are excited to partner with Thoma Bravo, whose proven expertise in scaling technology companies will help us enhance our platform, accelerate global growth and continue delivering exceptional value to our customers.”

“Thoma Bravo’s investment is a testament to the foundation and team we have built,” said Clyde Owen, President of PCMI. “This is a significant milestone for PCMI, and we look forward to working with Thoma Bravo to drive further expansion at scale.”

“PCMI has cemented itself as a clear leader in the administration software market,” said Adam Solomon, a Partner at Thoma Bravo. “We see tremendous opportunity to capture more of this large and growing market and to drive continued expansion and innovation of PCMI’s cutting-edge solutions.”

“We have been following PCMI for years with great admiration for Mark and the entire team,” said Chandler Gay, a Vice President at Thoma Bravo. “We are excited to apply our operational and software experience to support PCMI in this new chapter of growth.”

William Blair acted as financial advisor and Goodwin Procter acted as legal counsel to PCMI and EAM. TD Cowen acted as financial advisor and Kirkland & Ellis LLP acted as legal counsel to Thoma Bravo.

About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with over US$179 billion in assets under management as of December 31, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 520 companies representing approximately US$275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

About PCMI
PCMI is a global leader in cloud-based administration software for the automotive and consumer product markets. Its innovative technology solutions enable third-party administrators, dealers, OEMs, and lenders to streamline end-to-end extended warranty, service contract, and refund payment processes. Since 2012, PCMI has grown into an industry powerhouse with over 200 experts across North America, Europe, and Asia. Committed to innovation and exceptional service, PCMI delivers cutting-edge solutions that drive efficiency, reduce costs, and help clients stay ahead in an evolving market. For more information, visit PCMI’s website at www.pcmicorp.com.

About Equality Asset Management 
EAM (Equality Asset Management) is a growth-focused private equity firm. EAM provides equity capital and strategic and operating support to market leading software and tech-enabled services companies. With decades of investment and operating experience, the firm has earned a reputation for value-creation, serving as steadfast partners to Founders and CEOs. For more information, please visit http://www.equalityam.com.

Media Contacts:
Thoma Bravo
Megan Frank
mfrank@thomabravo.com

or

FGS Global
Abigail Farr
ThomaBravo-US@fgsglobal.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/thoma-bravo-makes-strategic-growth-investment-in-pcmi-302402306.html

SOURCE Thoma Bravo

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Saxon Unmanned Selects IGCS International and Lacks Enterprises for its High-Volume USA Manufacturing Partner for its Platforms

Published

on

By

DALLAS, May 10, 2026 /PRNewswire/ — Saxon Unmanned has selected IGCS International and its strategic partner Lacks Enterprises to deliver high-volume, 100% USA-made production of its flagship UAV platforms: Monitor VTOL, VIPER, Atlas, and Titan.

This strategic partnership immediately accelerates output at IGCS’s fully domestic Grand Rapids, Michigan facilities — an 80,000 ft² advanced composites center, seven injection molding plants with 115+ machines (250–4,400 tons), four electroplating lines, and three high-volume painting & finishing facilities producing over 60,000 parts per day. The result: dramatically faster production rates, significantly lower costs, and uncompromising Made-in-America quality.

Pairing Saxon Unmanned’ s rugged, long-endurance airframe designs with IGCS’s world-class composites, molding, plating, and finishing expertise, the alliance is now scaling delivery for multiple UAV platforms.

“Saxon Unmanned chose IGCS and Lacks for one reason: they deliver the fastest, highest-volume USA production in the industry,” said John Ferguson of Saxon Unmanned. “We will be manufacturing the Monitor VTOL, VIPER, Atlas, and Titan at scale — lighter, stronger, more affordable, and 100% American-made.”

“This partnership fulfills the requirements of USA MADE for America’s Drone Dominance program with rapid, reliable domestic manufacturing,” added Russ Spears, President of IGCS International. “IGCS and Lacks are proud to serve as Saxon’s high-volume production engine — and we have massive available capacity ready for more partners. We invite every forward-thinking drone manufacturer to bring your designs to our Grand Rapids facilities and scale production faster and more affordably than ever before.”

The alliance strengthens U.S. supply chain security, reinforces American manufacturing supremacy, and meets the urgent demand for unmatched unmanned aircraft superiority. IGCS International and Lacks Enterprises are actively seeking additional unmanned systems partners ready to launch at full speed with proven, high-capacity domestic manufacturing.

About IGCS International IGCS International delivers advanced manufacturing solutions to the Department of War and prime contractors. All operations are 100% USA-based in Grand Rapids, Michigan. www.igcsintl.com

About Lacks Enterprises Founded in 1961, Lacks Enterprises is a advanced manufacturing powerhouse with deep expertise in electroplating, high-tonnage injection molding, advanced composites, and high-performance painting & finishing. Operating multiple state-of-the-art facilities in Grand Rapids, Michigan, Lacks delivers Tier-1 quality, high-volume capacity, and unmatched surface engineering capabilities — all 100% Made in America. lacksenterprises.com

About Saxon Unmanned McPherson, Kansas-based designer and manufacturer of rugged, long-endurance UAV systems. saxonunmanned.com

KCR Management provides strategic advisory services and assists qualified companies in accessing financing solutions, including through Bank of America Government Contracting (BofA Gov Con), to support rapid scaling, compliance, and growth.

Media Contact: Russ Spears,
President, IGCS International
Email: russ@igcsintl.com www.igcsintl.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/saxon-unmanned-selects-igcs-international-and-lacks-enterprises-for-its-high-volume-usa-manufacturing-partner-for-its-platforms-302767654.html

SOURCE IGCS International

Continue Reading

Technology

NVIDIA Founder, CEO Jensen Huang to Carnegie Mellon University Graduates: ‘Shape What Comes Next’

Published

on

By

Visionary leader behind AI tech delivers keynote, receives honorary doctorate

PITTSBURGH, May 10, 2026 /PRNewswire/ — Carnegie Mellon University conferred more than 5,800 undergraduate and graduate degrees at its 128th Commencement ceremony on Sunday, May 10. Bridging the gap between technological innovation and the transformative power of the arts, these new alumni are ready to address society’s most urgent needs with the bold, collaborative spirit that defines the Carnegie Mellon experience.

Founder and CEO of NVIDIA Jensen Huang, received an honorary Doctor of Science and Technology degree and delivered an inspiring keynote address, articulating lessons learned and offering advice to graduates entering a world of accelerating change.

“You are entering the world at an extraordinary moment. A new industry is being born. A new era of science and discovery is beginning. AI will accelerate the expansion of human knowledge and help solve problems once beyond our reach,” he said. “No generation has entered the world with more powerful tools — or greater opportunities — than you. We are all standing at the same starting line. This is your moment to help shape what comes next. So run. Don’t walk.”

Huang, who has earned a spot on multiple “most influential people” lists in recent years, shared stories from his more than three decades at NVIDIA — a powerhouse underpinning the world’s most advanced AI and accelerated computing. He met with a group of Carnegie Mellon University students prior to the ceremony to learn about their interests and to see research projects they’ve helped to develop during their time at CMU. In his address, Huang encouraged graduates to stay dedicated to their pursuits with unwavering determination.

“Carnegie Mellon has a motto I love: My heart is in the work. So, put your heart in the work. Build something worthy of your education, your potential, and the people who believed in you long before the world did,” he said. “We have the opportunity to close the technology divide — and bring the power of computing and intelligence to billions of people for the very first time. To reindustrialize America and restore our capacity to build. And to help create a future more abundant, more capable, and more hopeful than the world you inherited.”

Carnegie Mellon University President Farnam Jahanian introduced Huang, praising him for continuing to advance a vision of technology as a powerful tool for amplifying what people can create, discover and achieve.

“His influence extends far beyond the technology sector, with tools and platforms that are empowering researchers, practitioners, students, creators and entrepreneurs around the globe to tackle increasingly complex challenges and unlock new possibilities,” Jahanian said.

Inspired by the late Carnegie Mellon professor and Nobel laureate Herb Simon, Jahanian urged graduates to be actors, not spectators, and to shape the future through lifelong learning, open dialogue and faith in humanity.

He went on to offer a parting charge before congratulating members of the Class of 2026 on their accomplishments.

“When the landscape shifts beneath you, make the world your classroom; your canvas; your laboratory; and your stage,” Jahanian said. “Consider all the people who have contributed to your success today and remember to enrich the lives of others in the same way.”

Simi Olusola-Ajayi, a graduating master’s student in Human-Computer Interaction who represented her class at the ceremony, exemplifies Jahanian’s charge. In her remarks, she shared her story about discovering a new path at Carnegie Mellon and exploring the middle — “the space between who we thought we would be and who we are becoming right now.”

“I do not know what middles we will find ourselves navigating next. What rooms we will walk into. What adventures we will stumble into or charge into headfirst. But we get to do so with a masterclass subscription that never expires,” Olusola-Ajayi said. “We get to show up in every room, in every middle, in ways only a Carnegie Mellon education could have prepared us for.”

Her words resonated with Keenan Norton, a newly minted alumnus and Fulbright Scholar with a degree in chemical engineering, environmental and sustainability studies, and Hispanic studies.

“I am equipped with the cultural and political humility that will be required of the engineers of the future to fight for good in ways that are meaningful for and considerate of all stakeholders,” Norton said.

Beverly Da Costa, the first recipient of Carnegie Mellon’s Bachelor of Science in Robotics degree, joined the group of students who met with Huang on Sunday morning.

As graduation approached, she reflected on her time at CMU forging her own new path for the future.

“Problem-solving has been baked into every single class here, and I don’t just mean math problems. I mean resourcefulness,” she said of her CMU experience.

She noted lab research exposed her to the full complexity of real robotic systems — from wiring and electronics to code, testing and failures — while her classes reinforced those lessons through hands-on, experiential learning rather than theory alone.

“That bakes the memories and lessons into your brain in a way that sticks, especially the mistakes,” she said. “I feel ready for what’s next.”

In addition to celebrating its newest alumni, Carnegie Mellon University recognized four prominent leaders during the ceremony. CMU Provost James H. Garrett Jr. conferred honorary degrees upon Huang, as well as 2026 Tony Awards Nominee Broadway producer and CMU alumna Jamie deRoy, International Poetry Forum founder Samuel Hazo and Nobel laureate in economic sciences Thomas Sargent.

About Carnegie Mellon University
Carnegie Mellon is a private, internationally ranked research university with acclaimed programs spanning the sciences, engineering, technology, business, public policy, humanities and the arts. Our diverse community of scholars, researchers, creators and innovators is driven to make real-world impacts that benefit people across the globe. With an unconventional, interdisciplinary and entrepreneurial approach, we do the work that matters.

View original content to download multimedia:https://www.prnewswire.com/news-releases/nvidia-founder-ceo-jensen-huang-to-carnegie-mellon-university-graduates-shape-what-comes-next-302767690.html

SOURCE Carnegie Mellon University

Continue Reading

Technology

MICROIP Unveils “Software-Driven Hardware” Strategy at EEC 2026, Partnering with Poland to Build a Resilient Edge AI & ASIC Supply Chain

Published

on

By

KATOWICE, Poland, May 10, 2026 /PRNewswire/ — At the 2026 European Economic Congress (EEC 2026), MICROIP Chairman Dr. James Yang participated in a high-level dialogue at the “Poland-Taiwan Economic Cooperation Forum.” Joined by Ambassador Liu Yong-jian and HCG Vice Chairman Michael Chiu, Dr. Yang advocated leveraging Taiwan’s semiconductor prowess to propel Poland into a strategic hub for European Edge AI.

Addressing the “Last Mile” of AI deployment, Dr. Yang noted that global adoption is hindered by fragmented end-user demands and the high cost of general-purpose chips. “MICROIP advocates a ‘Software-Driven Hardware’ approach,” Yang stated, emphasizing translating domain expertise into silicon reality. By utilizing mainstream chip platforms alongside MICROIP’s low-power Customized ASIC Design Services (CATS) and AIVO No-Code platform, engineers can transform specific industry knowledge into specialized applications with minimal barriers. This model has already demonstrated commercial success in autonomous UAV navigation—tracking objects without internet access—and in smart cities, where on-device processing protects privacy while saving critical bandwidth.

The forum highlighted the synergy between Poland’s “Soft Intelligence” and Taiwan’s “Hard Foundations”. Michael Chiu of HCG identified Poland as a core innovation partner for Taiwan’s security industry. Dr. Yang noted that combining Europe’s software talent with Taiwan’s hardware creates a “resilient supply chain,” establishing Poland as an “AI Hardware-Software Innovation Hub”. Furthermore, MICROIP collaborates with its sister company, Arculus System, to provide professional EDA services. This strategic partnership significantly reduces the ASIC R&D-to-mass-production cycle, allowing MICROIP to co-define global AIoT standards while providing European clients with the most cost-effective solutions to meet localized market needs.

“Talent is the ultimate currency of the AI industry; we invest where the talent is,” Yang concluded. Success will be measured by a deep symbiosis of technology and talent, moving beyond simple trade to a thriving industrial ecosystem. This strategic alignment positions MICROIP to bridge technical value with international capital markets, opening a new chapter for the global ASIC and AI software design service industry.

About MICROIP

MICROIP is a Taiwan-based leader in ASIC design services, AI software, and IP licensing. Through its CATS (Custom ASIC Technology & Solutions) and CAPS (Cross-platform AI Processing Service) platforms, it accelerates real-world AI deployment and shortens development cycles. Visit www.micro-ip.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/microip-unveils-software-driven-hardware-strategy-at-eec-2026-partnering-with-poland-to-build-a-resilient-edge-ai–asic-supply-chain-302767160.html

SOURCE MICROIP

Continue Reading

Trending