FILE PHOTO: U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

By Milana Vinn

(Reuters) -Warburg Pincus has agreed to acquire a majority stake in Raptor Technologies from fellow investment firm Thoma Bravo, in a deal that values the school safety software provider at around $1.8 billion, according to people familiar with the matter.

THE DETAILS

* The deal could be announced imminently, the sources said,requesting anonymity to discuss confidential information. * As part of the agreement, private equity firm JMI Equity,another existing investor in Raptor, will retain a significantminority stake in the company, the sources added. * Warburg Pincus and Thoma Bravo declined to comment. RaptorTechnologies and JMI Equity did not immediately respond torequests for comment.

THE COMPANY

* Houston-based Raptor Technologies provides a suite ofsafety software solutions for K-12 schools that include crisisprevention, preparation for emergency response and recovery, andsafe student movement management. * Raptor is used by 60,000 schools in 55 countries,according to its website. * The kind of technology that Raptor provides has becomemore sought-after in recent years as the number of school-basedsecurity incidents, including school shootings, continues torise. * Reuters reported in September that Thoma Bravo wasexploring a sale of Raptor Technologies.

(Reporting by Milana Vinn in New York; Editing by David French and Diane Craft)