Vista Equity Partners

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Vista Equity Partners
Private
Industry Private equity, Software
Founded 2000
Headquarters San Francisco, California, United States
Number of locations
3
Key people
Robert F. Smith, Founder
Brian Sheth, Co-founder
Number of employees
40+
Website www.vistaequitypartners.com

Vista Equity Partners (Vista) is an American private equity firm focused on software and technology-enabled businesses.[1] The firm was founded in 2000 by American businessman Robert F. Smith (investor), and has offices in Austin, Texas, Chicago, Illinois, and San Francisco, California.[2]

Investments[edit]

In January 2001, Vista made an investment in BigMachines,[3] a provider of ERP and CRM integration software. Vista made additional investments the company through 2012,[4] and sold the company to Oracle Corporation in October 2013.[5][6]

In October 2001, Vista made an investment in DataCore Software, a provider of storage virtualization and network software.[7]

In May 2009, Vista agreed to acquire SumTotal Systems for about $160 million, and closed on the transaction in July 2009.[8][9]

In July 2009, Vista acquired MicroEdge, a provider of financial services software, from Advent Software for $30 million.[10][11]

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.[12][13]

In May 2013, Vista announced it would acquire Websense for an estimated $906 million for approximately $1 billion.[14] The transaction closed on June 2013.[15][16]

In September 2013, Vista announced a new round of funding[17] and a bid of over $1 billion to acquire Active Network, Inc, a provider of online event registration services.[18][19] 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).[20]

In September 2014, Vista announced its sale of Microedge to Blackbaud, Inc. for $160 million.[21]

In September 2014, Vista announced that it would acquire TIBCO Software for $4.3 billion.[22]

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.[23]

In June 2015, Vista acquired Mediaocean, a software provider for the advertising industry. [24]

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.[25] 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.[26]

In June 2016, Vista announced an agreement to acquire Ping Identity,fa single-sign on digital security company,or an undisclosed amount.

References[edit]

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