august RevieW
In August, four companies in Vista’s private equity portfolio announced
add-on acquisitions, and several others were recognized for industry excellence
and rapid growth. Additionally, Vista was recently named General Partner
of the Year for North America by the Private Equity Women Investor Network.
Vista is a leading global investment firm with more than $100 billion in assets under management as of March 31, 2023. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity.
Connect with Vista on LinkedIn
Legal Information +
In Vista's Endeavor Fund, BigTime Software, a professional services automation software provider, announced the acquisition of Primetric, a provider of resource management and financial planning software. This combination represents an extension of the BigTime platform and will enable the business to meet the mission-critical needs of finance and operations professionals within the professional services sector.
Investing in Enterprise Software
This document is intended to provide general information regarding Vista’s investing experience and not for the purpose of soliciting investors for any Vista Fund. Under no circumstances should the information provided be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made to accredited investors and qualified purchasers pursuant to the current offering documents of the relevant Vista Fund. The information provided may not be reproduced or disseminated to any third parties without the written consent of Vista. The past performance of previous Vista Funds and portfolio companies is not necessarily indicative of future results. Investors in Vista Funds may lose investment capital. There can be no assurance that any future Vista Funds or portfolio companies will achieve comparable results. Additional important disclosures can be found here. ©2023 Vista
The content of this Newsletter is for general, informational purposes. Vista Equity Partners does not make any representation or warranty of any kind, express or implied, as to the accuracy or completeness of the information contained herein. Under no circumstances should the information presented be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made pursuant to the current offering documents for the relevant Vista Fund (the “Fund”) which may only be provided to accredited investors and qualified purchasers as defined under the Securities Act of 1933 and the Investment Company Act of 1940. While the information provided herein is believed to be accurate and reliable, Vista Equity Partners, its advisors and employees make no express warranty as to its completeness or accuracy.
Although the Newsletter may include investment-related information, nothing in the Newsletter is a recommendation that you purchase, sell or hold any security or other investment, or that you should pursue any investment strategy, and no information or Content (as defined below) on the Newsletter is to be relied upon for the purpose of making or communicating investment or other decisions. Nothing in the Newsletter is intended to be, and you should not consider anything on the Newsletter to be investment, accounting, tax, legal or other professional advice.
The information provided in this Newsletter may not be reproduced, distributed or communicated, in whole or in part, to any third party without the express written consent of Vista Equity Partners.
This Newsletter includes information regarding Vista Equity Partners’ past and present portfolio companies. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Further, references to Vista Equity Partners’ past and present portfolio companies should not be construed as a recommendation of any particular investment or security. The portfolio companies listed should not be assumed to have been profitable. Any past performance information in the Newsletter is not necessarily indicative, or a guarantee, of future results. Certain transactions may not be publicly announced at the time of distribution of this document and are therefore not included. Please view www.vistaequitypartners.com for additional information regarding Vista’s strategies and past and present investments.
The Newsletter may contain forward-looking statements (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts and are based on current expectations, estimates, projections, opinions and/or beliefs of Vista. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. In addition, no representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only, or that any profits will be realized. Actual events or results or actual performance of the relevant Fund (or any other entity referred to in the Newsletter) may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. No representation or warranty is made as to future performance or such forward-looking statements.
Please see Disclosures at https://www.vistaequitypartners.com/disclosures/ for further information
CLOSE X
Brian Saunders, Founder and CEO,
BigTime Software
The robust operating data our platform provides is a natural foundation
for a solution like Primetric. Their scalable architecture and focus on delivering
an easy-to-use, rapid time-to-value solution is an ideal match for what
our customers need."
"
add-on
Endeavor
Fund
august 2023 Announced Transactions
An Ecosystem of Innovation
Several Vista portfolio companies were named
to The Software Report’s list of the Top Software Companies of 2023. This award recognizes companies that “are making a significant impact on the software industry within their specific domains, all while providing exceptional value to their customers.” Congratulations to Acquia, Gainsight, Pipedrive, PowerSchool, Sonatype and Xactly
on this well-deserved achievement.
Inc. Magazine also released its list of the 5000 Fastest-Growing Private Companies in America. Vista portfolio companies BigTime, COMPLY, ESO, KnowBe4, LogicMonitor, Securonix, TigerConnect and Tripleseat were included
on the list, a testament to their strong management teams, product superiority and powerful go-to-market capabilities.
add-on
Endeavor
Fund
add-on
Flagship Fund
Vista’s Founder, Chairman and CEO, Robert F. Smith,
sat down for a keynote interview with Buyouts to discuss how Vista has maintained exit momentum in an uncertain market, including through the recent sale of Apptio to IBM, which closed in August. In the article, Robert shares insights on Vista’s approach to long-term value creation and provides a look ahead at emerging opportunities in the enterprise software space. Read the full interview here.
An Engine that Delivers
Vista was recently named the Private Equity Women
Investor Network’s (PEWIN) General Partner of the Year
for North America. This award recognizes Vista’s commitment to transforming the private equity industry
by empowering women leaders and advancing gender representation. Vista reached gender parity in 2022
and continues to make diversity a priority both as a firm
and across our portfolio.
A Commitment to Diversity
add-on
Flagship Fund
We help our companies adapt quickly
to changing market conditions
by focusing on prioritization,
risk management, contingency planning and scenario analysis."
"
Robert F. Smith, Founder, Chairman and CEO,
Vista Equity Partners
Companies in Vista’s Flagship Fund also announced key add-ons in August, including SmartBear’s acquisition of Stoplight.
SmartBear, a leading provider of software development and visibility tools, acquired the global API design-first company
to create a comprehensive API development platform, providing enhanced visibility, automation and productivity
for development teams looking to modernize API practices.
Nadeem Syed, Senior Managing Director
and Head of Value Creation, was interviewed by PE Hub about Vista’s recent sale of Apptio to IBM. Nadeem shared how Vista partnered with Apptio’s Co-Founder and CEO,
Sunny Gupta, to diversify Apptio’s product offerings, unlock new go-to-market channels and capitalize on strategic M&A opportunities. Read the article for a behind-the-scenes look at our collaborative approach to value creation.
A Platform for Growth
Rachel Arnold and Rene Stewart, Senior Managing Directors and Co-Heads of Vista’s Endeavor Fund, were named to GrowthCap’s list of the Top Women Leaders in Growth Investing for 2023. Under Rachel and Rene’s leadership, the Endeavor Fund maintained strong momentum in the first half of 2023, announcing three partial exits and three platform investments. Endeavor is one
of the world’s largest technology buyout
funds led by women, and the Fund’s team
and portfolio continue to evolve and expand.
An Engine that Delivers
Vista’s 2023 North America Hackathon welcomed development teams from across
our portfolio to compete, network and share best practices. This year’s event focused
on generative AI and responsible adoption –
a timely topic as companies across our portfolio continue to lead the market in delivering
AI-powered solutions that provide enhanced value to customers. We look forward to hosting even more portfolio talent at our Global Hackathon in India later this summer.
An Ecosystem
of Opportunity
August Announced Transactions
BRIAN SAUNDERS, FOUNDER AND CEO, BIGTIME SOFTWARE
The robust operating data our platform provides is a natural foundation for
a solution like Primetric. Their scalable architecture and focus on delivering
an easy-to-use, rapid time-to-value solution is an ideal match for what
our customers need."
"
Vista Credit Partners announced an investment in RapidAI, a global leader in delivering artificial intelligence and technology workflow solutions to combat life-threatening neurovascular, cardiac and vascular diseases. RapidAI, which today is deployed in more
than 2,000 hospitals in over 100 countries,
will leverage Vista’s investment to accelerate product development and scale its go-to-market engine.
Investing in
Enterprise Software
In July, Vista’s credit platform announced
an investment in an AI-powered healthcare solutions provider, and companies in Vista’s private equity portfolio captured both organic and inorganic growth opportunities. Additionally, several Vista leaders and companies were recognized for demonstrating excellence
and fostering forward-thinking cultures.
AUGUST REVIEW
CONNECT WITH VISTA
ON LINKEDIN
Vista is a leading global investment firm with more than $100 billion in assets under management as of March 31, 2023. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity.
Legal Information +
This document is intended to provide general information regarding Vista’s investing experience and not for the purpose of soliciting investors for any Vista Fund. Under no circumstances should the information provided be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made to accredited investors and qualified purchasers pursuant to the current offering documents of the relevant Vista Fund. The information provided may not be reproduced or disseminated to any third parties without the written consent of Vista. The past performance of previous Vista Funds and portfolio companies is not necessarily indicative of future results. Investors in Vista Funds may lose investment capital. There can be no assurance that any future Vista Funds or portfolio companies will achieve comparable results. Additional important disclosures can be found here. ©2023 Vista
The content of this Newsletter is for general, informational purposes. Vista Equity Partners does not make any representation or warranty of any kind, express or implied, as to the accuracy or completeness of the information contained herein. Under no circumstances should the information presented be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made pursuant to the current offering documents for the relevant Vista Fund (the “Fund”) which may only be provided to accredited investors and qualified purchasers as defined under the Securities Act of 1933 and the Investment Company Act of 1940. While the information provided herein is believed to be accurate and reliable, Vista Equity Partners, its advisors and employees make no express warranty as to its completeness or accuracy.
Although the Newsletter may include investment-related information, nothing in the Newsletter is a recommendation that you purchase, sell or hold any security or other investment, or that you should pursue any investment strategy, and no information or Content (as defined below) on the Newsletter is to be relied upon for the purpose of making or communicating investment or other decisions. Nothing in the Newsletter is intended to be, and you should not consider anything on the Newsletter to be investment, accounting, tax, legal or other professional advice.
The information provided in this Newsletter may not be reproduced, distributed or communicated, in whole or in part, to any third party without the express written consent of Vista Equity Partners.
This Newsletter includes information regarding Vista Equity Partners’ past and present portfolio companies. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Further, references to Vista Equity Partners’ past and present portfolio companies should not be construed as a recommendation of any particular investment or security. The portfolio companies listed should not be assumed to have been profitable. Any past performance information in the Newsletter is not necessarily indicative, or a guarantee, of future results. Certain transactions may not be publicly announced at the time of distribution of this document and are therefore not included. Please view www.vistaequitypartners.com for additional information regarding Vista’s strategies and past and present investments.
The Newsletter may contain forward-looking statements (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts and are based on current expectations, estimates, projections, opinions and/or beliefs of Vista. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. In addition, no representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only, or that any profits will be realized. Actual events or results or actual performance of the relevant Fund (or any other entity referred to in the Newsletter) may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. No representation or warranty is made as to future performance or such forward-looking statements.
Please see Disclosures at https://www.vistaequitypartners.com/disclosures/ for further information.
CLOSE X
In Vista's Endeavor Fund, BigTime Software,
a professional services automation software provider, announced the acquisition
of Primetric, a provider of resource management and financial planning software. This combination represents an extension
of the BigTime platform and will enable
the business to meet the mission-critical needs of finance and operations professionals within the professional services sector.