Software-focused private investment giant Thoma Bravo has closed its AUD1.06 billion ($729m) acquisition of Australia-based aerial imagery company Nearmap.

The purchase price which equates to AUD2.10 per share, represents a 39% premium to the stock's closing price on 12 August, the day before news of the all-cash deal broke.

Nearmap, founded in Perth, Australia in 2007, is one of the world’s largest aerial survey companies, providing users with access to high resolution aerial imagery, city-scale 3D content, AI data sets and geospatial tools.