CHICAGO – March 21, 2025 – Thoma Bravo, a leading software investment firm, has made a strategic growth investment in PCMI, a portfolio company of First Analysis and Equality Asset Management. PCMI is a leading provider of administration software for finance and insurance products in the automotive and consumer end markets. Thoma Bravo’s expertise in scaling technology companies will help accelerate PCMI’s global growth and support its efforts in enhancing the platform. William Blair acted as the exclusive financial advisor to PCMI.

PCMI is a leading provider of integrated administration solutions, enabling third-party administrators, dealers, original equipment manufacturers and lenders to streamline end-to-end policy, claim and refund payment processes. The company's flagship software, PCRS, has processed more than 89 million contracts and 39 million claims, offering over 140 integrations designed to enhance efficiency, reduce costs and keep customers competitive.

“We are thrilled to partner with Thoma Bravo, whose deep expertise and strategic resources will significantly enhance our global growth potential,” said PCMI CEO and Founder Mark Nagelvoort. “We also greatly appreciate First Analysis for their valuable support and guidance, which have been instrumental in reaching this important milestone.”

First Analysis Managing Director Matt Nicklin said, “From the outset, we have been proud to partner with PCMI and their exceptional team as they have become a clear leader in the administration software market. We are very excited to see what the future holds for the company alongside Thoma Bravo.”

About First Analysis

First Analysis is a leading venture capital investor focused on B2B technology businesses. We have one of the longest records in venture capital, having invested $841 million across multiple highly diversified funds over four decades. First Analysis invests mainly in North America with a focus on our sectors of expertise, including cybersecurity, e-commerce optimization, enterprise productivity, future of work, go-to-market tech, healthcare IT, infrastructure tech, Internet of Things, learning tech, pharma IT and vertical SaaS. We help established companies become profitable leaders in large markets, funding growth plans and working closely with management in areas including strategy, recruitment, sales and marketing, and corporate development. Our flexible approach targets investing $3-10 million as lead investor or as a syndicate partner bringing valuable perspective. For more information, visit www.firstanalysis.com

About PCMI

PCMI is a leading provider of 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 pcmicorp.com.

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 Dec. 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 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 www.equalityam.com.

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