Key Takeaways
- • Seth Boro is a managing partner at Thoma Bravo, based in San Francisco, where he leads the firm's infrastructure software and cybersecurity strategy after joining in 2005.
- • Boro has held more than 30 board seats and led more than 15 exits during his tenure, helping build one of the largest cybersecurity portfolios in private equity, representing approximately $62 billion in total enterprise value.
- • Boro sits on the boards of ConnectWise, Darktrace, Exabeam, Flexera, Hyland, Ping Identity, Proofpoint, Qlik, SailPoint, Sophos and Verint.
- • Boro led the 2023 sale of Imperva to Thales, which won Private Equity Deal of the Year at the 2024 International M&A Awards, and the 2019 sale of DigiCert, recognized as Private Equity Deal of the Year by The Deal.
Summary
Seth Boro, a managing partner at Thoma Bravo, is profiled in the firm's biographical materials as a leading figure in software and cybersecurity private equity. Since joining Thoma Bravo in 2005, he has worked on the firm's growth across the software and technology space. Based in San Francisco, he leads the firm's infrastructure software and cybersecurity strategy.
During his tenure, Boro has held more than 30 board seats and led more than 15 exits. According to the firm's profile, his work helped establish one of the largest cybersecurity portfolios in private equity, representing approximately $62 billion in total enterprise value. He currently sits on the boards of ConnectWise, Darktrace, Exabeam, Flexera, Hyland, Ping Identity, Proofpoint, Qlik, SailPoint, Sophos and Verint.
The profile cites two transactions among his most recognized deals: the 2023 sale of Imperva to Thales, which received Private Equity Deal of the Year honors at the 2024 International M&A Awards, and the 2019 sale of DigiCert, named Private Equity Deal of the Year by The Deal.
Beyond his investment work, Boro co-founded the Room to Breathe Project with his wife, Jen Hamilton, focused on youth mental health and well-being in under-resourced communities. He is also a board observer at Bay FC and the Northern Super League, and serves on the boards of the NHL's Ottawa Senators, the Ottawa Rapid FC and the Canada Soccer Foundation.
Boro, originally from Canada, holds a bachelor's degree in commerce from Queen's University School of Business and an MBA from Stanford Graduate School of Business. His career began at First Marathon Securities (now National Bank Financial), followed by Credit Suisse in Toronto and Summit Partners, where he focused on technology and business services investments before joining Thoma Bravo. He regularly comments on technology and cybersecurity trends in media interviews and at industry events, including the Milken Institute Global Conference.
During his tenure, Boro has held more than 30 board seats and led more than 15 exits. According to the firm's profile, his work helped establish one of the largest cybersecurity portfolios in private equity, representing approximately $62 billion in total enterprise value. He currently sits on the boards of ConnectWise, Darktrace, Exabeam, Flexera, Hyland, Ping Identity, Proofpoint, Qlik, SailPoint, Sophos and Verint.
The profile cites two transactions among his most recognized deals: the 2023 sale of Imperva to Thales, which received Private Equity Deal of the Year honors at the 2024 International M&A Awards, and the 2019 sale of DigiCert, named Private Equity Deal of the Year by The Deal.
Beyond his investment work, Boro co-founded the Room to Breathe Project with his wife, Jen Hamilton, focused on youth mental health and well-being in under-resourced communities. He is also a board observer at Bay FC and the Northern Super League, and serves on the boards of the NHL's Ottawa Senators, the Ottawa Rapid FC and the Canada Soccer Foundation.
Boro, originally from Canada, holds a bachelor's degree in commerce from Queen's University School of Business and an MBA from Stanford Graduate School of Business. His career began at First Marathon Securities (now National Bank Financial), followed by Credit Suisse in Toronto and Summit Partners, where he focused on technology and business services investments before joining Thoma Bravo. He regularly comments on technology and cybersecurity trends in media interviews and at industry events, including the Milken Institute Global Conference.
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