Vista Equity Partners

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Vista Equity Partners
Private
Industry Private equity
Founded 2000; 17 years ago (2000)
Headquarters Austin, Texas, United States
Number of locations
3
Key people
Robert F. Smith, Founder
Brian Sheth, Co-founder [1]
Number of employees
40+
Website www.vistaequitypartners.com

Vista Equity Partners (Vista) is a leading American private equity and venture capital firm focused on financing and backing software and technology-enabled startup businesses, as well as passive equity investments.[2][3] 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.[4] Vista operates with around $10 billion in their 2016 VI fund.[5] As of 2016, Vista has closed three private equity funds that have returned in excess of 30% net IRR, making Vista one of the top performing private equity firms compared to its peers.[6]

Investments[edit]

In January 2001, Vista made an investment in BigMachines,[7] a provider of ERP and CRM integration software. Vista made additional investments the company through 2012,[8] and sold the company to Oracle Corporation in October 2013.[9][10]

In May 2009, Vista agreed to acquire Sumtotal Systems for about $160 million, and closed on the transaction in July 2009.[11][12]

In July 2009, Vista acquired MicroEdge, a provider of financial services software, from Advent Software for $30 million.[13][14]

In June 2012, Vista acquired Bullhorn, Inc., a provider of CRM Software for the recruitment industry, for a reported price of several hundred million dollars.[15][16]

In May 2013, Vista announced it would acquire Websense for an estimated $906 million for approximately $1 billion.[17] The transaction closed in June 2013.[18][19]

In September 2013, Vista announced a new round of funding[20] and a bid of over $1 billion to acquire Active Network, Inc, a provider of online event registration services.[21][22] 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).[23]

In September 2014, Vista announced its sale of Microedge to Blackbaud, Inc. for $160 million.[24]

In September 2014, Vista announced that it would acquire TIBCO Software for $4.3 billion.[25]

In June 2015, Vista acquired 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.[26]

In June 2015, Vista acquired Mediaocean, a software provider for the advertising industry.[27]

In 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.[28] In March 2016, Vista announced its completion of this acquisition.

In June 2016, Vista announced an agreement to acquire Marketo, a marketing automation software company, for approximately $1.79 billion,[29] an agreement to acquire Ping Identity, a single-sign on digital security company, for an undisclosed amount.

In September 2016, Vista announced an agreement to acquire technology company Infoblox, for approximately $1.6 billion in cash.[30][31]

In September 2016, Vista acquired Regulatory DataCorp, a provider of counterparty risk and financial regulatory compliance data and software.[32]

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

References[edit]

  1. ^ "Company Overview of Vista Equity Partners". Bloomberg. Retrieved September 28, 2016. 
  2. ^ http://peracs.com/2015/01/hec-dow-jones-private-equity-performance-rankings-which-firms-generated-best-performance-for-their-investors-over-the-past-years/
  3. ^ Davis, Scott (2017-01-25). "Blackhawk Network Holdings, Inc. (HAWK) Shares Bought by Vista Equity Partners Management LLC". WKRB News. Retrieved 2017-03-14. 
  4. ^ "Vista Equity Partners". Crunchbase. Retrieved November 1, 2013. 
  5. ^ Dawn Lim (March 16, 2016). "Vista Equity Sets $10 Billion Upper Limit For New Fund". Wall Street Journal. Retrieved October 16, 2016. 
  6. ^ "Vista Equity Said to Offer Fee Choices Amid Record Fundraising". Bloomberg.com. 2016-03-16. Retrieved 2017-03-14. 
  7. ^ Melanie Austria Farmer (March 19, 2001). "BigMachines reels in $29 million". CNET news. Retrieved October 31, 2013. 
  8. ^ "BigMachines Secures Additional Growth Investment". Press release. BigMachines, Inc. September 17, 2013. Retrieved October 31, 2013. 
  9. ^ "Oracle and BigMachines". Oracle web page. Retrieved October 31, 2013. 
  10. ^ Julie Bort (October 23, 2013). "Source: Oracle Paid Over $400 Million For BigMachines To Grab More Salesforce Customers". Business Insider. Retrieved October 31, 2013. 
  11. ^ "SumTotal Chooses Rival Bid From Vista". Dealbook. The New York Times. May 27, 2009. Retrieved November 1, 2013. 
  12. ^ SumTotal (July 24, 2009). "Deregistration of Securities". Form S-3. US Securities and Exchange Commission. Retrieved November 1, 2013. 
  13. ^ "US private equity firm Vista Equity Partners pays $30m for finance-related software business MicroEdge". AltAssets. July 30, 2009. Retrieved November 11, 2013. 
  14. ^ "Advent Software Enters Into Definitive Agreement for Sale of MicroEdge Subsidiary to Vista Equity Partners". Boston.com. July 28, 2009. Retrieved November 11, 2013. 
  15. ^ 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. 
  16. ^ 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. 
  17. ^ Jolie O'Dell (May 20, 2013). "Websense, publicly traded since 2000, goes private in $906M buyout". Venture Beat. Retrieved October 31, 2013. 
  18. ^ Steven E.F. Brown (June 25, 2013). "Vista Equity Partners wraps up acquisition of Websense". San Francisco Business Times. Retrieved October 31, 2013. 
  19. ^ Sharon Terlep and Dana Cimilluca (May 20, 2013). "Vista Equity Partners to Buy Websense". Wall Street Journal. Retrieved October 31, 2013. 
  20. ^ Sonja Cheung (September 23, 2013). "Vista Raising Plethora of New Funds". LBO Wire. Retrieved October 31, 2013. 
  21. ^ Hillary Canada (May 20, 2013). "Vista Equity Strikes Another $1 Billion Take-Private Deal". Money Beat. Wall Street Journal. Retrieved October 31, 2013. 
  22. ^ "Vista Equity Partners to acquire Active Network". San Francisco Chronicle. September 30, 2013. Retrieved October 31, 2013. 
  23. ^ "Active Network Business Solutions Merges with Lanyon". Meetings & Conventions. February 21, 2014. Retrieved July 5, 2015. 
  24. ^ "MicroEdge Enters into Agreement of Sale with Blackbaud, Inc.". Microedge. September 2, 2014. 
  25. ^ Vista Equity to buy TIBCO Software for $4.3 billion. Reuters, 29 September 2014
  26. ^ "Pearson to sell PowerSchool to Vista Equity Partners". 2015-06-17. Retrieved 2015-06-23. 
  27. ^ https://www.wsj.com/articles/mediaocean-to-sell-stake-to-vista-equity-partners-1435541664
  28. ^ Lance Murray (September 14, 2015). "Vista Equity Partners to acquire Solera Holdings in $6.5B deal". Dallas Business Journal. Retrieved September 14, 2015. 
  29. ^ "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. 
  30. ^ "Hedge Funds Starboard Value And Hound Partners Score In Vista Equity's Infoblox Buyout". forbes.com. 2016-09-19. Retrieved 2016-09-19. 
  31. ^ "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. 
  32. ^ "Vista Equity Partners to acquire RDC". Press release. Yahoo Finance. September 6, 2016. Retrieved September 29, 2016.