Billionaire Bravo Sees Abundant Opportunity for Software Deals

(Bloomberg) -- Private-equity billionaire Orlando Bravo said he expects a wave of consolidation in the software industry and that it’s one of the best places for investors to put their money to work.

“There is more deal opportunity than there is capital,” the Thoma Bravo co-founder said Tuesday during a Bloomberg Television interview on the sidelines of the Milken Institute Global Conference in Beverly Hills, California.

Bravo said the pandemic forced executives and other leaders to think differently about the digital world, noting that technologies already existed to help students and workers operate remotely.

“What did the world do?” he said. “They embraced these technologies. We’re not going to go back.”

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