July Review
Vista is a leading global investment firm with more than $100 billion in assets under management as of March 31, 2024. 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 +
Vista’s Foundation Fund acquired Nasuni, a leading enterprise data platform for modern hybrid cloud environments. Vista’s investment will build on Nasuni's strong momentum in disrupting the legacy storage industry by accelerating product innovation and enabling continued global expansion.
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. ©2024 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 vistaequitypartners.com/disclosures/ for further information.
CLOSE X
Martin Taylor, Senior Managing Director and Co-Head of the Foundation Fund
We are thrilled to partner with the Nasuni team as they work to help businesses optimize their expanding and complex data needs with solutions that are fast, secure and highly cost-effective."
"
July 2024 Announced TransactionS
Building Better Businesses
Vista hosted our 2024 North America Hackathon in Washington, D.C., bringing together development teams from across our portfolio. This year’s event focused on critical topics related to the implementation of generative AI technologies, including agents, retrieval augmented generation architecture and small language models. We were pleased to welcome teams from 26 Vista portfolio companies and hosted 28 HBCU students, providing a unique opportunity to gain hands-on experience and network with experienced professionals.
Vista’s Founder, Chairman and CEO, Robert F. Smith, was recently interviewed by NBC News’ Antonia Hylton at the Aspen Ideas Festival. Their wide-ranging conversation covered how Robert and Vista are committed to creating a future where all people can benefit from the transformative power of technology. Watch the interview here.
Advancing Digital Equity
Rachel Arnold, Senior Managing Director and Co-Head of the Endeavor Fund, was recently featured on the Money Maze Podcast, where she discussed the compelling opportunities in small-cap enterprise software. Rachel also shared Vista’s approach to creating long-term value by accelerating innovation and instilling operational excellence. Listen to the full episode here.
Martin Taylor, Senior Managing Director and Co-Head of the Foundation Fund, was featured in a keynote interview at CAIS Live D.C., where he discussed the growing opportunity set in the middle market, Vista’s continued conviction in enterprise software, and the value creation levers that are most transformative in today’s environment.
Insights on Investing
add-on
Endeavor Fund
In July, Vista announced four transactions, including a strategic growth investment in Nasuni and the combination of BlueConic and Jebbit. We were also pleased to host our annual North America Hackathon, bringing together developers from across our portfolio to network, learn and compete.
platform
Foundation
Fund
add-on
Endeavor Fund
add-on
Endeavor Fund
Deal Deep Dive
Michael Fosnaugh, Senior Managing Director and Co-Head of the Flagship Fund, sat down with PE Hub to talk about Vista’s recent acquisition of Model N. In the interview, Michael discusses our investment thesis and future plans for the business and shares why Vista has taken five businesses private over the past two years. Read the article here.
BlueConic, a customer data platform in Vista’s Endeavor Fund, announced the acquisition of Jebbit, which provides first-party data-capture and experience-creation software for marketers. This combination will create a differentiated platform with end-to-end capabilities, from data capture through activation, that empowers customers to glean deeper insights, take decisive actions, and unlock the potential of their data. Read more about the deal here.
As a private company, Model N can take a longer-term view of its business without catering to the demands of public market investors and can focus on making the organic and inorganic investments needed to achieve sustainable growth."
"
Michael fosnaugh,
Senior managing director
and co-head of the flagship fund