By Milana Vinn

NEW YORK (Reuters) -Private equity firm Thoma Bravo has made an offer to acquire Clearwater Analytics, people familiar with the matter said on Monday, as the race to buy out the software provider to investment firms gathers pace.

THE BIDDERS

The details of Thoma Bravo’s bid, which would result in Clearwater being taken private, could not be learned from the sources, who spoke on condition of anonymity to discuss confidential deliberations.

Last week, it was reported that buyout firms Permira and Warburg Pincus had submitted a joint offer to purchase Clearwater, roughly four years after the pair listed the company on the stock market.

The sources cautioned that Thoma Bravo’s bid, like the Permira/Warburg offer, was not guaranteed to lead to the sale of Clearwater.

Clear

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