JULY Review
Throughout the summer, the Vista ecosystem has continued to invest, drive value creation initiatives and advance impact goals amid dynamic market conditions.
In July, Vista’s portfolio companies announced several add-on acquisitions. Additionally, our Firm and portfolio companies supported Code.org’s advocacy efforts for universal access to computer science education. Finally, several
Vista team members and companies were recognized for outstanding
leadership and performance in their fields.
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PE PLATFORM INVESTMENTS
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ADD-ON AQUISITIONS
PE MONETIZATION
INITIAL PUBLIC OFFERING
VPS SERIES C PRIVATE INVESTMENT
Vista is a leading global investment firm with more than $96 billion in assets under management as of March 31, 2022.
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.
READ MORE UPDATES
Legal Information +
Vista announced five add-on acquisitions in July. In the Flagship Fund, Advanced invested in Decision Time,
a provider of board governance, risk and compliance software and Pellcomp, a provider of individual learner record management software. In the Foundation Fund, Aptean acquired Produce Pro, a purpose-built solution for the fresh produce and perishables industry, while StarRez added Residential Management Systems,
the developer of the Mercury Residential Housing Platform. BigTime, a company in Vista’s Endeavor Fund,
also completed its acquisition of Projector, a cloud-based professional services automation platform.
Investing in Enterprise Software
Market Leadership
PLATFORM
Flagship
Fund
MONETIZATION
Flagship Fund
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. ©2022 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.
2022 GrowthCap recognition nominees were required to apply for nomination, which included a participation fee.
Please see Disclosures at https://www.vistaequitypartners.com/disclosures/ for further information.
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Rob Davis, Founder and CEO, Critical Start
We are thrilled to partner with Vista given their team’s deep understanding of the enterprise technology and security landscape and the resources they can deliver to help us continue along our tremendous growth trajectory."
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ADD-ON
Flagship
Fund
ADD-ON
Flagship
Fund
ADD-ON
Endeavor
Fund
Add-on
Flagship
Fund
Add-on
Flagship
Fund
Add-On
Endeavor
Fund
Add-On
Foundation
Fund
Add-ON
Foundation
Fund
JULY 2022 Announced Transactions
Terms not disclosed
Vista and 27 of our portfolio companies signed Code.org’s letter calling on the Board of Governors and U.S. education policymakers
to update K-12 curricula and ensure all students have the opportunity to study computer science. In response, 50 governors signed the Governors’ Compact for Computer Science, committing to allocating funding for computer science and increasing the number of schools offering computer science programs.
By supporting efforts aimed at empowering broader participation in the digital economy and equipping the next generation with foundational skills in key areas such as computer science, we can create on-ramps
to opportunity and secure a more equitable future. We are proud to be a longstanding partner of Code.org and to support this effort.
Supporting Education
Vista’s Rachel Arnold and Rene Stewart were named among GrowthCap’s Top Women Leaders in Growth Investing for 2022. Together, Rachel and Rene serve as Co-Heads of Vista’s Endeavor Fund, one of the world’s largest tech buyout funds led
by women. Under their combined leadership,
the Endeavor Fund has established itself as a partner of choice for rapidly growing enterprise software companies with more than $10 million
in ARR looking to build an infrastructure to sustainably scale.
Rachel and Rene’s passion and knowledge continue to push their team and our firm to new heights. We’re proud of their accomplishments and inspired by their stories.
We announced the take-private of Datto in April, which is pending sale to Kaseya at a valuation of $6.2 billion following a period of rapid growth during its time in the Vista portfolio. After acquiring Datto in December 2017, we merged it with Autotask, a Vista Foundation Fund company, based on an investment thesis to create the world’s broadest MSP platform. Partnering with Datto’s founder and management team, we accelerated organic growth across the enterprise — implementing best practices across sales, customer acquisition and customer experience — and completed three add-ons to further strengthen the product suite. During this time, Datto’s annual revenue more than doubled to $620 million, headcount increased from ~800 to more than 2,000 and its MSP customer base has grown to over 19,000.
Congratulations and best wishes to the Datto team on this exciting milestone. This exit represents a meaningful monetization event for both Vista’s Flagship and Foundation Funds.
Market Leadership
JULY REVIEW
Investing in
Enterprise Software
JULY Announced Transactions
READ MORE UPDATES
Vista is a leading global investment firm with more than $96 billion in assets under management as of March 31, 2022. 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. ©2022 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.
2022 GrowthCap recognition nominees were required to apply for nomination, which included a participation fee.
Please see Disclosures at https://www.vistaequitypartners.com/disclosures/ for further information.
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The Software Report’s Top 100 Companies of 2022 list recognized several Vista portfolio companies for their product quality, organizational effectiveness, caliber of management and commitment to ESG. Congratulations to Acquia, Cvent, Gainsight,
Jamf, Lucid, Ping Identity and Xactly on this well-deserved achievement.
Top Software Companies
A Culture of Excellence
We know strong results depend on the
strength and diversity of an organization's people. Through continuous coaching and professional development opportunities,
we empower team members at Vista and throughout our portfolio to strive for the exceptional and achieve the extraordinary. Select the images below to learn more about some of the people who make Vista, Vista.
We know strong results depend on the strength and diversity of an organization's people. Through continuous coaching and professional development opportunities, we empower team members at Vista and throughout our portfolio to strive for the exceptional and achieve the extraordinary. Select the images below to learn more about some of the people who make Vista, Vista.
A Culture of Excellence
Terms not disclosed