SAIL - Thoma Bravo head sees more pain for technology sector (update)

Update 2:30pm: Adds Bravo comment on Anaplan price cut from BTV interview. Orlando Bravo, founder of tech private equity giant Thoma Bravo, said he believes that there is more pain to come for the technology sector. Shares of Sailpoint Technologies, which Thoma Bravo is buying, fell 1.4%. "I think there's more pain to come, I do," Bravo said earlier Thursday in an interview on CNBC. "When those companies really start getting down to answer the investors questions that you mentioned, the path to the profitability, they are not going to love the what they see."  Bravo's comments appear to contrast with what he said to CNBC about three weeks ago when he said that for private equity in enterprise software, it was the "buying opportunity of a lifetime." "Enterprise software is nothing like it was in the past," Bravo told CNBC on May 24. Bravo's comments are important, especially for

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Thoma Bravo head sees more pain for technology sector (update)