Investment Summary

Accel-KKR and Vista Equity Partners Invest In ESO

On July 11, 2016, private equity firms Accel-KKR and Vista Equity Partners invested in software company ESO

Investment Highlights
  • This is Accel-KKR’s 23rd and Vista Equity Partners’ 28th transaction in the Software sector.
  • This is Accel-KKR’s 35th and Vista Equity Partners’ 61st transaction in the United States.
  • This is Accel-KKR’s 4th and Vista Equity Partners’ 15th transaction in Texas.

Investment Summary
Date 2016-07-11
Target ESO
Sector Software
Investor(s) Accel-KKR
Vista Equity Partners
Deal Type Growth Capital
Advisor(s) Aeris Partners LLC (Financial)
Goodwin Procter (Legal)

Target

ESO

Austin, Texas, United States
website
ESO is a provider of software to emergency medical services (EMS), fire departments, hospitals, and healthcare professionals nationwide. ESO has brought numerous breakthrough software products to the important markets it serves. Most recently, ESO launched its Electronic Health Record (EHR) software, an all-new version of its flagship Electronic Patient Care Report (ePCR) product for EMS agencies. ESO was founded in 2004 and is based in Austin, Texas.

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Investor(S) 2

Investor

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.

DEAL STATS #
Overall 46 of 115
Sector (Software) 23 of 52
Type (Growth Capital) 18 of 52
State (Texas) 4 of 8
Country (United States) 35 of 79
Year (2016) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 Jaggaer

Morrisville, North Carolina, United States

Jaggaer is a provider of procurement software for large and medium-sized enterprises. Jaggaer provides cloud-based Source-to-Pay eProcurement solutions for spend management, which enables a fluid supply chain for its customers, driven by powerful spend analytics, vendor sourcing, contract lifecycle management, savings tracking, and efficient accounts payable systems on a single platform. Jaggaer was founded in 1995 and is based in Morrisville, North Carolina.

Buy $509M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 isolved HCM

Charlotte, North Carolina, United States

isolved HCM is a developer of software for all workforce management processes time & attendance, HR, payroll, and benefits all in one system. isolved is based in Charlotte, North Carolina.

Buy -
Investor

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 67 of 143
Sector (Software) 28 of 58
Type (Growth Capital) 5 of 29
State (Texas) 15 of 22
Country (United States) 61 of 131
Year (2016) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Ping Identity

Denver, Colorado, United States

Ping Identity engages in Identity Defined Security for the borderless enterprise, allowing employees, customers, and partners access to the applications they need. Protecting over one billion identities worldwide, the company ensures the right people access the right things, securely and seamlessly. More than half of the Fortune 100, including Boeing, Cisco, Disney, GE, Kraft Foods, TIAA-CREF, and Walgreens, trust Ping Identity to solve modern enterprise security challenges created by their use of cloud, mobile, APIs, and IoT. Ping Identity was founded in 2016 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 Vena

Toronto, Ontario, Canada

Vena is a provider of a multi-tenant, SaaS CPM platform that offers performance management and business intelligence solutions across a number of industries, including financial services, healthcare, consumer goods, energy and resources, professional services, and more. Vena was founded in 2011 and is based in Toronto, Ontario.

Buy -
Mergr

Product

Company

Legal