Payara, a specialist Java platform, sold to Azul
Capital Law has advised the shareholders of Payara on the sale of the business to Thoma Bravo-backed Azul.
Payara is a global provider of enterprise-grade solutions for Java applications and microservices, offering hybrid and cloud-native application platforms for running and scaling enterprise Java (including Jakarta EE).
Azul is a Java-focused company and the acquisition of Payara aims to expand their Java market reach. With the integration, Azul will offer a unified, enterprise-grade Java platform to support an organisation’s entire Java fleet.
Our Corporate and Private Equity team worked on the deal, led by Angelina Drljaca-Chandler, with support from Sarah Hale, Dan Wood, Hakeem Din, Nicole Crumbie, Sadie Vidal and US counsel (Meister Seelig & Fein).
Angelina Drljaca-Chandler, Corporate & Private Equity Partner at Capital Law, said:
The sale of Payara to Azul is down to the hard work and success of the founders and the entire team at Payara in building a market-leading Java platform. It has been a real pleasure supporting the team on this deal and it is a milestone achievement for the business. We wish them all continued success as part of the Azul organisation.
Steve Millidge, Founder of Payara, said:
This is a major new chapter for Payara. After a strong partnership with Azul, combining forces is the natural next step and positions us for accelerated growth. Together, we will strengthen mission-critical solutions for enterprise Java customers and deliver greater performance, security and innovation across the Java ecosystem.
