Investment Summary

PSG and Vista Equity Partners Invest In Tribute Technology

On January 1, 2018, growth capital firm PSG and private equity firm Vista Equity Partners invested in internet software and services company Tribute Technology

Investment Highlights
  • This is PSG’s 5th and Vista Equity Partners’ 26th transaction in the Internet Software and Services sector.
  • This is PSG’s 13th and Vista Equity Partners’ 81st transaction in the United States.
  • This is PSG’s 1st and Vista Equity Partners’ 2nd transaction in Wisconsin.

Investment Summary

Date 2018-01-01
Target Tribute Technology
Sector Internet Software and Services
Investor(s) PSG
Vista Equity Partners
Deal Type Stake Purchase

Target

Tribute Technology

Middleton, Wisconsin, United States
Tribute Technology provides website design and development, online obituary applications, case management software, extensive funeral payment technology including credit card processing, ACH payments, crowdfunding, financing, and life insurance assignments, floral eCommerce solutions, digital marketing services, and personalization software for keepsakes, funeral stationery, and video. Tribute Technology is based in Middleton, Wisconsin.

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Investor(S) 2

Investor

PSG

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 13 of 105
Sector (Internet Software and Services) 5 of 46
Type (Stake Purchase) 1 of 1
State (Wisconsin) 1 of 2
Country (United States) 13 of 72
Year (2018) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Payrix

Sandy Springs, Georgia, United States

Payrix enables vertically-focused SaaS companies to embed and manage payments natively within their software, securing additional recurring revenue and creating an awesome experience. The company provides the tools to create a seamless, embedded user experience and offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business appetite. Payrix was founded in 2015 and is based in Sandy Springs, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Inhabit IQ

Knoxville, Tennessee, United States

Inhabit IQ is a collective of tech-forward products serving the residential, commercial and vacation rental management industries. The company provides end-to-end solutions for property management companies in the multifamily, single family residential, student housing, affordable housing, and commercial markets, serving more than 5 million units and customers. Inhabit IQ is a suite of in-class SaaS solutions that includes accounting, CRM, rent payment processing, background screening, and renters insurance software products. Inhabit IQ was founded in 2016 and is based in Knoxville, Tennessee.

Buy -
Investor

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


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 88 of 147
Sector (Internet Software and Services) 26 of 49
Type (Stake Purchase) 3 of 5
State (Wisconsin) 2 of 2
Country (United States) 81 of 135
Year (2018) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Datto

Norwalk, Connecticut, United States

Datto is a vendor of backup, disaster recovery (BDR), and intelligent business continuity (IBC) solutions, providing technology and support to its 5,000+ channel Partners throughout North America and Europe. Datto is the only hybrid-cloud BDR/IBC vendor that provides instant on- and off-site virtualization and screenshot backup verification, achieved through its Inverse Chain Technology. The Datto product line addresses the specific needs of small to medium-sized businesses (SMBs) and serves a wide range of vertical markets including healthcare, financial, education, banking, legal, manufacturing, retail, and municipal. Datto is a channel-only provider. Solutions are resold through Managed Service Providers (MSPs), Value Added Resellers (VARs), and IT Service Providers to end-user businesses. Datto was founded in 2007 and is based in Norwalk, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Trintech

Plano, Texas, United States

Trintech is a provider of integrated software solutions for the Last Mile of Finance. From the time a transaction occurs to the time financial statements are issued, Trintech's innovative Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing. Trintech was founded in 1993 and is based in Plano, Texas.

Sell -