Vista Equity Partners Acquires EngageSmart for About $4 Billion

Blackstone and Vista Equity Partners Complete Acquisition of Smartsheet

January 22, 2025

Cloud & SaaS

Smartsheet was taken private in an all-cash transaction valued at approximately $8.4 billion by funds managed by Blackstone and Vista Equity Partners. Under the terms of the deal, Smartsheet shareholders received $56.50 in cash per share, and the company’s stock ceased trading after closing.

Vista Equity Partners Acquires Majority Stake in Gainsight

November 30, 2020

Cloud & SaaS

Vista Equity Partners has signed an agreement to take a majority investment in Gainsight, the Customer Success software company. The partnership is intended to accelerate Gainsight's product expansion, customer growth and geographic footprint while scaling the Customer Success category.

Waystar Acquires HealthPay24 from EngageSmart

August 3, 2023

Healthcare Services

Waystar, a provider of healthcare payments technology, has acquired HealthPay24, an EngageSmart enterprise patient payment platform, to augment its patient financial engagement capabilities. The acquisition brings HealthPay24’s SaaS patient payments platform and its relationships with roughly 2,000 provider locations into Waystar’s payments ecosystem, expanding Waystar’s capabilities in patient payment experiences and revenue cycle technology.

Vista Equity Partners Invests in SmartBear; Francisco Partners Remains Co-Owner

October 21, 2020

Software

SmartBear announced that Vista Equity Partners has made a significant investment and will join Francisco Partners as equal owners of the company. The capital infusion is intended to help SmartBear broaden and strengthen its DevOps and software quality solutions and to pursue continued organic and inorganic growth. SmartBear is headquartered in Somerville, Massachusetts and serves millions of developers across thousands of organizations.

Vista Equity Partners Acquires Avalara

October 19, 2022

Cloud & SaaS

Avalara, a tax compliance automation provider, completed its acquisition by Vista Equity Partners for $93.50 per share in cash, in partnership with institutional co-investors. Following completion, Avalara shares ceased trading on the New York Stock Exchange and Avalara became a private company.

Vista Equity Partners Invests $150M in OfficeSpace Software

January 25, 2022

Cloud & SaaS

Vista Equity Partners has made an approximately $150 million strategic growth investment in OfficeSpace Software, a cloud-based workplace management platform, while existing investor Resurgens Technology Partners remains a significant shareholder. The capital will support OfficeSpace's product and go-to-market expansion as companies continue to adopt hybrid workplace tools.