M&A Deal Summary

Vista Equity Partners Acquires Apptio

On November 11, 2018, private equity firm Vista Equity Partners acquired software company Apptio for 1.9B USD

Acquisition Highlights
  • This is Vista Equity Partners’ 40th transaction in the Software sector.
  • This is Vista Equity Partners’ 11th largest (disclosed) transaction.
  • This is Vista Equity Partners’ 91st transaction in the United States.
  • This is Vista Equity Partners’ 2nd transaction in Washington.
Investment Fate
  • Apptio was sold to a publicly-traded strategic buyer in 2023 for 4.6B USD.

M&A Deal Summary
Date 2018-11-11
Target Apptio
Sector Software
Buyer(s) Vista Equity Partners
Deal Type Going Private
Deal Value 1.9B USD
Advisor(s) Qatalyst Partners LP (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Apptio

Bellevue, Washington, United States
website
Apptio is a business management system for hybrid IT. Apptio transforms the way IT runs its business and makes decisions. With its cloud-based applications, IT leaders manage, plan and optimize their technology investments across on-premises and cloud. Apptio was formed in 2007 and is headquartered in Bellevue, Washington.

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Buyer(S) 1

Buyer

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 100 of 143
Sector (Software) 40 of 58
Type (Going Private) 15 of 24
State (Washington) 2 of 3
Country (United States) 91 of 131
Year (2018) 13 of 16
Size (of disclosed) 11 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 RadarFirst

Portland, Oregon, United States

RadarFirst is an incident response management SaaS solution provider that simplifies and streamlines compliance with data breach laws globally. The Company’s solution operationalizes the incident response management process, applying automation and best practices to bring consistency and efficiency to privacy and security incident intake, risk assessment, breach decisioning and notification so companies can ensure regulatory compliance and reduce data breach risks. RadarFirst was founded in 2016 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 Wrike

San Jose, California, United States

Wrike provides a cloud-based collaborative work management platform that allows users to work within a single digital workspace. The Company’s platform integrates with numerous enterprise applications and enables teams, departments and whole organizations to plan, manage and collaborate on projects and tasks in real-time, resulting in more efficient processes and executive visibility. Wrike is based in San Jose, California.

Buy -
Mergr

Product

Company

Legal