M&A Deal Summary

Vista Equity Partners Acquires Xactly

On May 30, 2017, private equity firm Vista Equity Partners acquired internet software and services company Xactly for 564M USD

Acquisition Highlights
  • This is Vista Equity Partners’ 22nd transaction in the Internet Software and Services sector.
  • This is Vista Equity Partners’ 25th largest (disclosed) transaction.
  • This is Vista Equity Partners’ 70th transaction in the United States.
  • This is Vista Equity Partners’ 8th transaction in California.

M&A Deal Summary
Date 2017-05-30
Target Xactly
Sector Internet Software and Services
Buyer(s) Vista Equity Partners
Deal Type Going Private
Deal Value 564M USD
Advisor(s) J.P. Morgan Securities (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Xactly

San Jose, California, United States
website
Xactly is a provider of enterprise-class, cloud-based, incentive compensation solutions for employee and sales performance management. Xactly was founded in 2005 and is headquartered in San Jose, California.

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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 77 of 143
Sector (Internet Software and Services) 22 of 47
Type (Going Private) 14 of 24
State (California) 8 of 17
Country (United States) 70 of 131
Year (2017) 5 of 15
Size (of disclosed) 25 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 Khoros

Austin, Texas, United States

Khoros provides a centralized cloud-based platform for social media management and online community solutions that allow brands to monitor and scale social marketing and social customer service. The Company’s solutions enable its clients to engage with their customers more efficiently and effectively across social networks, websites, and mobile devices. Khoros was formed in 2001 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Fusion Risk Management

Rolling Meadows, Illinois, United States

Fusion Risk Management is a provider of cloud-based software solutions for business continuity, integrated risk management, IT disaster recovery, and crisis and incident management. Its products and services take organizations beyond legacy solutions and empower them to make data-driven decisions with a comprehensive and flexible approach through one system. Fusion and its team of experts are dedicated to helping companies achieve greater organizational resilience and mitigate risks within their businesses. Fusion Risk Management was founded in 2006 and is based in Rolling Meadows, Illinois.

Buy -
Mergr

Product

Company

Legal