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.