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The “SaaSpocalypse” is over, and AI now offers software companies an “enormous tailwind,” the founder and managing partner of private equity giant Thoma Bravo has said.<\/p>\n
Software-as-a-Service stocks came under pressure in February, when Anthropic triggered a rapid sell-off<\/a> by unveiling advanced AI tools for its Claude co-working agent, fueling investor fears of a “SaaSpocalypse<\/a>” for the sector.<\/p>\n But Orlando Bravo, founder and managing partner of Thoma Bravo, told CNBC that saying investors are underestimating software companies’ ability to adapt.<\/p>\n He said the portfolio companies of his firm, one of the world’s largest private equity investors in software and technology-enabled services, which manages almost $200 billion in assets, generate around $35 billion in combined revenue and are, for the most part, “booming” because of AI.<\/p>\n Speaking with CNBC’s Annette Weisbach<\/a> at the SuperReturn International private equity and venture capital conference in Berlin, Bravo said: “The SaaSpocalypse is over. It’s finished, no more.”<\/p>\n “People were assuming that software companies just do one thing and they stay still,” he said. “But software companies continue to evolve with infrastructure.”<\/p>\n Bravo added that software companies can move to a “completely new level” by automating certain aspects of human judgment and processes.<\/p>\n “Around 50% of our new revenue is AI revenue, agentic revenue,” he said, predicting that software companies and AI will “come together” in a “new agentic solution” for corporate customers in the next few years.<\/p>\n \u00a0“AI is an enormous tailwind for software companies,” he added.<\/p>\n Software staged a post-SaaSpocalypse fightback<\/p>\n