Brisbane – September 12, 2026 -- Thoma Bravo, the world's largest software-focused investment firm with approximately $170 billion in assets under management, has made a strategic growth investment in Tanda, a workforce management, payroll and HR platform for shift-based workers serving roughly 8,000 businesses globally.
Tanda ends 14 years of bootstrapped operations with first outside investor
Founded in 2012 by co-founders who were then university housemates, Tanda took its first external capital after building the business without outside funding for 14 years. Terms of the transaction were not disclosed. Co-founder and Chief Executive Officer Jake Phillpot will continue leading the company, with the founding team retaining significant shareholdings.
Investment targets AI roadmap and expansion into new frontline markets
The capital injection will fund Tanda's product innovation, including its AI development plans, and support expansion into new geographic markets. Tanda currently serves customers across Australia, North America, the United Kingdom and Southeast Asia, spanning hospitality, retail, quick-service restaurants and healthcare sectors.
Platform unifies recruiting, rostering and payroll on single codebase
Tanda's integrated system combines employee recruiting, onboarding, rostering, time and attendance, gross wage calculations and payroll within a natively built product suite. The company positions this architecture as a compliance tool for employers operating in complex, highly regulated labor markets, where accurate employee payment remains a persistent operational challenge.
Thoma Bravo partner cites legacy system gaps in shift-based payroll
"Employers are frustrated by a patchwork of legacy systems that cannot address their complex needs and expose them to operational and legal risks,