In 2018, after 18 years building out MeridianLink, Binh Dang sold his 50% ownership stake to Thoma Bravo, a private equity firm specializing in acquiring software companies and has over $114 billion in assets under management. When he exited, Dang, who had served as the CEO from inception until 2016, created an over 80% annualized ROI. MeridianLink went public in 2021 on the NYSE with a market valuation of over $2 billion at the time of the IPO. Thoma Bravo had acquired MeridianLink and CRIF Lending Solutions to merge them for an undisclosed amount. The combined organization became MeridianLink and served approximately 1,200 customers and over 300,000 end users at the close of the merger. The merger was meant to enable the combined organization to extend technology investments into privacy protections and best-in-class data analytics for financial institutions. Like most PE deals, it was financed in part by a $350 million senior secured credit facility arranged. Dang founded the company with a friend in college as a software consulting company. They used their money and knowledge acquired providing consulting to transform the company into a product company. Their first product, MortgageCreditLink, was a credit reporting system for mortgages. It made the company profitable within 12 months of release. This product financially supported the development of the company’s next two products. Their strong growth and cash flow, along with an internal conflict among the management team that went public through court litigation, attracted the interest of Thoma Bravo, who viewed this as an opportunity to consolidate the market. MeridianLink at the time was considered the “800-pound gorilla in the consumer Loan Origination Software (LOS) space, in both functionality and number of clients.” Analysts opined that the merger will stabilize MeridianLink’s management issues and avoid unnecessary duplication in technology. Dang is now applying the knowledge and capital he acquired from his experience with MeridianLink to launch his new company, Quest for Justice.