Private equity firm Thoma Bravo‘s planned Talend acquisition, a $2.4 billion all-cash deal, will take the French data company private.

Talend says it will continue investing in its cloud transition, as well as its products and solutions. It became a public company in 2016.

Talend provides software solutions for data preparation, data quality, data integration, application integration, data management and big data. Its competitors include Microsoft, AWS, IBM, Oracle and others.

Additional Capital, Resources, Expertise

Christal Bemont is Talend’s CEO.

Talend’s Christal Bemont

“The last 12 months have underscored the importance of digital transformation and the unique and vital role Talend plays in ensuring enterprises can trust the data fueling their business,” she said. “As we look forward, the transaction with Thoma Bravo … will provide Talend with additional capital, resources and expertise to execute against our mission and leverage a large market opportunity to help all organizations become data-driven.”

However, another buyer could step forward. The Talend acquisition agreement includes a 30-day “go-shop” period expiring on April 10. That allows Talend’s board and advisers to solicit alternative acquisition proposals.

Chip Virnig is a partner at Thoma Bravo.

“Data has become critical to every facet of the world,” he said. “And Talend’s data fabric empowers organizations to operationalize their data. Talend has built the leading cloud-native orchestration platform that helps organizations bring together all their data, wherever it may sit, to solve their most complex problems.”

Thoma Bravo’s portfolio includes numerous other tech companies such as Flexera, Riverbed and Barracuda Networks. It also features several security brands with its acquisitions of Sophos, ConnectWise, Imperva and more.