Orlando Bravo tells FT software selloff creating ‘huge buying opportunity’

Orlando Bravo, the co-founder of private equity giant Thoma Bravo told the FT in an interview at the kick-off for the annual World Economic Forum in Davos, Switzerland that the plunge in software stock valuations, driven by fear of an existential threat from artificial intelligence, is creating a “huge buying opportunity.” Bravo is quoted as having said: “Software is not at all about the code or about the technology. Software is about your domain knowledge. Most software companies know a specific vertical, a specific process, a specific function so well that there are three to five companies in the world that know it, and about 20 individuals in the world that really, really know it. That is the franchise. That is the value. That is what you cannot replicate.”