Vista Equity Partners

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Vista Equity Partners Management, LLC
Private
IndustryPrivate equity
Founded2000; 18 years ago (2000)
Headquarters,
United States
Number of locations
3
Key people
Robert F. Smith, Founder[1]
Brian Sheth, Co-founder [2]
Number of employees
100+
Websitewww.vistaequitypartners.com

Vista Equity Partners (Vista) is an American private equity and venture capital firm focused on financing and forwarding software and technology-enabled startup businesses, as well as passive equity investments.[3][4]

The firm was founded in 2000 by American businessman and investor Robert F. Smith, and has offices in Austin, Texas, Chicago, Illinois, and San Francisco, California.[5] In 2018, Vista has over $43 billion in cumulative capital commitments, owns over 50 software companies and has 65,000 employees worldwide - making it the fourth largest enterprise software company after Microsoft, Oracle, and SAP.[6] Vista operates with around $10 billion in their 2016 VI fund.[7]

In September 2018, Vista announced it would be selling Marketo to Adobe for $4.75 billion, making $3 billion in two years - its largest realized profit from a single company.[8]

Investments[edit]

Date Acquisition
January 2001 Vista made an investment in BigMachines,[9] a provider of ERP and CRM integration software. Vista made additional investments in the company through 2012,[10] and sold the company to Oracle Corporation in October 2013.[11][12]
January 2007 Vista completed acquisition of Indus International at a value of $240 million, combining it with MDSI Mobile Data Solutions to form Ventyx, Inc., later purchased by ABB Group.[13][14]
May 2009 Vista agreed to acquire Sumtotal Systems for about $160 million, and closed on the transaction in July 2009.[15][16]
July 2009 Vista acquired MicroEdge, a provider of financial services software, from Advent Software for $30 million.[17][18]
June 2012 Vista acquired Bullhorn, Inc., a provider of CRM Software for the recruitment industry, for a reported price of several hundred million dollars.[19][20]
May 2013 Vista announced it would acquire Websense for an estimated $906 million.[21] The transaction closed in June 2013.[22][23]
September 2013 Vista announced a new round of funding[24] and a bid of over $1 billion to acquire Active Network, Inc, a provider of online event registration services.[25][26] Vista has since acquired Lanyon, Inc., a software company based out of Dallas, Texas, with whom they merged a portion of Active Network's Business Solutions Group (BSG).[27]
June 2014 Vista completed the acquisition of Autotask Corporation.[28][29]
September 2014 Vista announced its sale of Microedge to Blackbaud, Inc. for $160 million.[30]
September 2014 Vista announced that it would acquire TIBCO Software for $4.3 billion.[31]
November 2017 Vista completed its acquisition of NAVEX Global, a global SaaS-based ethics and compliance software and content provider [32] [33] [34] [35]
June 2015 Vista acquired the assets of Student Information System from Pearson PLC (which included PowerSchool), a provider of K-12 student information systems used by 15 million students in 73 countries.[36]
June 2015 Vista acquired Mediaocean, a software provider for the advertising industry.[37]
September 2015 Vista announced an agreement to acquire Solera Holdings, a provider of data and software for the automotive and insurance industries, for approximately $6.5 billion.[38] In March 2016, Vista announced its completion of this acquisition.
June 2016 Vista announced an agreement to acquire Marketo, a marketing automation software company, for approximately $1.79 billion.[39] It also announced an agreement to acquire Ping Identity, a single-sign on digital security company, for an undisclosed amount.[40]
September 2016 Vista announced an agreement to acquire technology company Infoblox, for approximately $1.6 billion in cash.[41][42]
September 2016 Vista acquired Regulatory DataCorp, a provider of counterparty risk and financial regulatory compliance data and software.[43]
November 2016 the company acquired event management software company Cvent for $USD1.65 billion.[44]
May 2017 Vista acquired Xactly Corporation, a leading provider of cloud-based incentive solutions.[45]
April 2017 Vista announced they were acquiring MarketTrack LLC, a provider of advertising, e-commerce, brand protection, and other information to retailers, brands, manufacturers, and others, from Los Angeles-based private equity investor Aurora Capital Group.[46]

Public equity investments[edit]

Vista occasionally makes passive, public equity investments, in addition to investments in debt securities through its Vista Credit Opportunities platform.

Philanthropy[edit]

In September 2017 Vista pledged one million dollars to assist the Akshaya Patra Foundation to deliver meals to Indian school children.[47]

References[edit]

  1. ^ Weisman, Aly (28 July 2015). "A tech titan married a Playboy model in a wildly lavish wedding ceremony". Business Insider UK. So who exactly is the couple behind the lavish wedding weekend. Retrieved 7 August 2018.
  2. ^ "Company Overview of Vista Equity Partners". Bloomberg. Retrieved September 28, 2016.
  3. ^ http://peracs.com/2015/01/hec-dow-jones-private-equity-performance-rankings-which-firms-generated-best-performance-for-their-investors-over-the-past-years/
  4. ^ Davis, Scott (2017-01-25). "Blackhawk Network Holdings, Inc. (HAWK) Shares Bought by Vista Equity Partners Management LLC". WKRB News. Retrieved 2017-03-14.
  5. ^ "Vista Equity Partners". Crunchbase. Retrieved November 1, 2013.
  6. ^ "Vista Equity: The Biggest Software Group You've Never Heard Of". PCMAG. Retrieved 2018-11-18.
  7. ^ Dawn Lim (March 16, 2016). "Vista Equity Sets $10 Billion Upper Limit For New Fund". Wall Street Journal. Retrieved October 16, 2016.
  8. ^ Novet, Jordan (2018-09-20). "Adobe confirms it's buying Marketo for $4.75 billion". CNBC. Retrieved 2018-11-19.
  9. ^ Melanie Austria Farmer (March 19, 2001). "BigMachines reels in $29 million". CNET news. Retrieved October 31, 2013.
  10. ^ "BigMachines Secures Additional Growth Investment". Press release. BigMachines, Inc. September 17, 2013. Retrieved October 31, 2013.
  11. ^ "Oracle and BigMachines". Oracle web page. Retrieved October 31, 2013.
  12. ^ Julie Bort (October 23, 2013). "Source: Oracle Paid Over $400 Million For BigMachines To Grab More Salesforce Customers". Business Insider. Retrieved October 31, 2013.
  13. ^ "Private Equity Portfolio Ventyx". Retrieved December 12, 2017.
  14. ^ "Indus and MDSI to Combine in a Private Equity Transaction Sponsored by Vista Equity Partners". BusinessWire. Retrieved December 12, 2017.
  15. ^ "SumTotal Chooses Rival Bid From Vista". Dealbook. The New York Times. May 27, 2009. Retrieved November 1, 2013.
  16. ^ SumTotal (July 24, 2009). "Deregistration of Securities". Form S-3. US Securities and Exchange Commission. Retrieved November 1, 2013.
  17. ^ "US private equity firm Vista Equity Partners pays $30m for finance-related software business MicroEdge". AltAssets. July 30, 2009. Retrieved November 11, 2013.
  18. ^ "Advent Software Enters Into Definitive Agreement for Sale of MicroEdge Subsidiary to Vista Equity Partners". Boston.com. July 28, 2009. Retrieved November 11, 2013.
  19. ^ Ingrid Lunden (June 14, 2013). "Software Recruitment Giant Bullhorn Acquired By Vista Equity Partners For A Price In The Lower Nine Figures". Tech Crunch. Retrieved November 1, 2013.
  20. ^ Kyle Alspach (June 14, 2013). "Bullhorn acquired by private equity firm for 9 figures; IPO still a goal". Boston Business Journal. Retrieved November 1, 2013.
  21. ^ Jolie O'Dell (May 20, 2013). "Websense, publicly traded since 2000, goes private in $906M buyout". Venture Beat. Retrieved October 31, 2013.
  22. ^ Steven E.F. Brown (June 25, 2013). "Vista Equity Partners wraps up acquisition of Websense". San Francisco Business Times. Retrieved October 31, 2013.
  23. ^ Sharon Terlep and Dana Cimilluca (May 20, 2013). "Vista Equity Partners to Buy Websense". Wall Street Journal. Retrieved October 31, 2013.
  24. ^ Sonja Cheung (September 23, 2013). "Vista Raising Plethora of New Funds". LBO Wire. Retrieved October 31, 2013.
  25. ^ Hillary Canada (May 20, 2013). "Vista Equity Strikes Another $1 Billion Take-Private Deal". Money Beat. Wall Street Journal. Retrieved October 31, 2013.
  26. ^ "Vista Equity Partners to acquire Active Network". San Francisco Chronicle. September 30, 2013. Retrieved October 31, 2013.
  27. ^ "Active Network Business Solutions Merges with Lanyon". Meetings & Conventions. February 21, 2014. Retrieved July 5, 2015.
  28. ^ "A year removed from $99 million acquisition, Autotask growing locally". Times Union. 2015. Retrieved March 25, 2018.
  29. ^ "Autotask To Be Acquired By Private Equity Firm". Silicon. 2014. Retrieved March 25, 2018.
  30. ^ "MicroEdge Enters into Agreement of Sale with Blackbaud, Inc". Microedge. September 2, 2014.
  31. ^ Vista Equity to buy TIBCO Software for $4.3 billion. Reuters, 29 September 2014
  32. ^ "Secrets of NAVEX Global sale emerging -- it was among the biggest deals for an Oregon company in a decade". oregonlive.com.
  33. ^ Tan, Gillian (15 October 2014). "Vista Equity Partners Emerges From Private-Equity Shadows" – via www.wsj.com.
  34. ^ "Term Sheet -- Wednesday, October 15". fortune.com.
  35. ^ "Secrets of NAVEX Global sale emerging -- it was among the biggest deals for an Oregon company in a decade". oregonlive.com.
  36. ^ "Pearson to sell PowerSchool to Vista Equity Partners". 2015-06-17. Retrieved 2015-06-23.
  37. ^ Tan, Gillian (29 June 2015). "Mediaocean to Sell Stake to Vista Equity Partners" – via www.wsj.com.
  38. ^ Lance Murray (September 14, 2015). "Vista Equity Partners to acquire Solera Holdings in $6.5B deal". Dallas Business Journal. Retrieved September 14, 2015.
  39. ^ "Marketo Enters into Definitive Agreement to be Acquired by Vista Equity Partners for $1.79 Billion". Marketo.com. 2016-06-01. Retrieved 2016-06-01.
  40. ^ "Vista Equity Partners to Acquire Ping Identity". Ping Identity. Retrieved 2017-09-21.
  41. ^ "Hedge Funds Starboard Value And Hound Partners Score In Vista Equity's Infoblox Buyout". forbes.com. 2016-09-19. Retrieved 2016-09-19.
  42. ^ "Infoblox Announces Agreement To Be Acquired By Vista Equity Partners For $26.50 Per Share In Cash". Press release. Infoblox. September 19, 2016. Retrieved January 13, 2017.
  43. ^ "Vista Equity Partners to acquire RDC". Press release. Yahoo Finance. September 6, 2016. Retrieved September 29, 2016.
  44. ^ "After months of government scrutiny, $1.65B Cvent acquisition is finalized". Talari.com. 2016-11-29. Retrieved 2017-06-26.
  45. ^ "Xactly Enters Into Definitive Agreement to be Acquired by Vista Equity Partners". investors.xactlycorp.com. Retrieved 2017-06-05.
  46. ^ "Aurora Capital Group Sells Market Track To Vista Equity". socaltech.com. 2017-04-17. Retrieved 2017-06-27.
  47. ^ "Vista Equity Partners Companies pledge $1 Million USD to The Akshaya Patra Foundation to deliver millions of meals to Indian school children". Akshaya Patra. 26 September 2017. Retrieved 8 August 2018.