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

Vista Equity Partners Acquires EngageSmart for About $4 Billion

January 28, 2024

Cloud & SaaS

EngageSmart, a vertically tailored customer engagement software and integrated payments provider, entered into a definitive agreement to be acquired by an affiliate of Vista Equity Partners in an all-cash deal valued at about $4 billion. The acquisition was completed in January 2024 for $23 per share, with EngageSmart becoming privately held and delisting from the New York Stock Exchange.

Vista Equity Partners Invests in BetterCloud

June 9, 2022

Cloud & SaaS

Vista Equity Partners made a strategic growth investment in BetterCloud, the SaaS management platform provider, to accelerate product innovation, geographic expansion, and go-to-market growth. Existing investors including Accel, Bain Capital Ventures and Warburg Pincus will remain as minority stakeholders.

Francisco Partners Makes Significant Growth Investment in Veson Nautical

March 17, 2022

Cloud & SaaS

Francisco Partners has entered a definitive agreement to make a significant equity investment in Veson Nautical alongside existing investor Pamlico Capital and co-founder John Veson. The growth capital will help Veson accelerate product innovation, organic growth and pursue a targeted acquisition strategy in the maritime freight software market.

Vista Equity Partners Makes Strategic Growth Investment in Drift

September 1, 2021

Cloud & SaaS

Vista Equity Partners has made a strategic growth investment in Drift, the Boston-based conversational commerce SaaS provider. The minority growth capital will support Drift’s global scaling, product innovation (including AI-driven conversational sales and marketing capabilities), and expansion of its customer-facing platform.

Francisco Partners Invests in Perforce Software, Joining Clearlake as Equal Partner

July 8, 2019

Software

Perforce Software received a significant new equity investment from Francisco Partners, which will become an equal partner with affiliates of Clearlake Capital; Perforce's management also participated in the transaction. The capital will support Perforce's buy-and-build growth strategy to expand its DevOps platform, accelerate M&A activity and extend its global footprint; terms were not disclosed.

Vista Equity Partners Makes Majority Investment in Quick Base

January 14, 2019

Cloud & SaaS

Quick Base, a Cambridge-based low-code SaaS platform for building customized business applications, has signed a definitive agreement to receive a majority investment from Vista Equity Partners. Current investor Welsh, Carson, Anderson & Stowe will retain a significant stake; the partnership is intended to accelerate Quick Base's growth and expand its market reach.