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Vista Equity Partners

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Vista Equity Partners
Company typePrivate
IndustryPrivate equity, Software
Founded2000
Headquarters
San Francisco, California
,
United States
Number of locations
3
Key people
Robert F. Smith, Founder
Brian Sheth, Co-founder
Number of employees
40+
Websitewww.vistaequitypartners.com

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

History

Vista Equity Partners was founded in 2000 by Robert F. Smith. It is a leading private equity firm focused on investing in software and technology-enabled businesses.[2]

Vista made investments in BigMachines starting January 2001.[3] Additional investments were made through 2012,[4] until BigMachines was sold to Oracle Corporation in October 2013.[5][6]

DataCore Software was another early investment in 2001.[7]

Vista agreed to acquire SumTotal Systems in May 2009 for about $160 million, which closed in July.[8][9] Vista also acquired the finance-related software business MicroEdge from Advent Software for $30 million, in July 2009.[10][11]

In June of 2012, Vista acquired Boston-based CRM Software provider focused on the recruitment industry, Bullhorn, Inc. for a reported price of several hundred million dollars.[12][13]

In May 2013 Vista announced it would acquire Websense (public since 2000) for an estimated $906 million.[14] The deal closed June 25 for about $1 billion.[15][16]

In September 2013 a new round of funding[17] and a bid of over $1 billion was announced for Active Network, Inc, which runs event registration web sites.[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 that Microedge will be sold to Blackbaud, Inc. for $160 million in the 4th quarter of 2014.[21]

In September 2014, an unnamed source reported that Vista Equity Partners was seeking buyers for its financial software providing firm Misys, or that possibly it was considering an initial public offering; Vista has denied these rumors. [22]

Vista Equity Partners revealed in September 2014 that it would acquire Tibco Software for $4.3 billion.[23]

In June 2015, Vista Equity Partners acquired Student Information System assets from Pearson[disambiguation needed], including PowerSchool, the largest K-12 student information system (SIS), supporting 15 million students in 73 countries.[24]

In June 2015, Vista Equity Partners acquired Mediaocean, a software provider for the advertising industry. [25]

In September 2015, the company announced an agreement to acquire Solera Holdings for approximately $6.5 billion.[26]

References

  1. ^ "Vista Equity Partners". Crunchbase. Retrieved November 1, 2013.
  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. ^ 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. ^ "PE firm Vista puts Misys on the block" (Press release). Reuters. 29 September 2014.
  23. ^ Vista Equity to buy Tibco Software for $4.3 billion. Reuters, 29 September 2014
  24. ^ "Pearson to sell PowerSchool to Vista Equity Partners". 2015-06-17. Retrieved 2015-06-23.
  25. ^ http://www.wsj.com/articles/mediaocean-to-sell-stake-to-vista-equity-partners-1435541664
  26. ^ Lance Murray (September 14, 2015). "Vista Equity Partners to acquire Solera Holdings in $6.5B deal". Dallas Business Journal. Retrieved September 14, 2015.
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