Growth Capital • Internet Software and Services

Resurgens Technology Partners and Vista Equity Partners Invest In OfficeSpace

On December 17, 2019, private equity firms Resurgens Technology Partners and Vista Equity Partners invested in internet software and services company OfficeSpace

Investment Context
  • This is Resurgens Technology Partners’ 1st and Vista Equity Partners’ 33rd transaction in the Internet Software and Services sector.
  • This is Resurgens Technology Partners’ 4th and Vista Equity Partners’ 104th transaction in the United States.
  • This is Resurgens Technology Partners’ 1st and Vista Equity Partners’ 1st transaction in Delaware.

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Investment Summary

Date December 17, 2019
Target OfficeSpace
Sector Internet Software and Services
Investor(s) Resurgens Technology Partners
Vista Equity Partners
Deal Type Growth Capital
Advisor(s) Software Equity Group (Financial)

Target Company

OfficeSpace

Wilmington, Delaware, United States
OfficeSpace is a saas-based platform for managing the workplace that gives forward-thinking companies the tools they need to engage employees, manage moves, maximize space, and keep real-estate costs low. OfficeSpace was founded in 2004 and is based in Wilmington, Delaware.
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Investors Overview 2

Investor
DESCRIPTION

Resurgens Technology Partners is a private equity firm focused on acquiring software and technology-enabled service companies. The Firm targets businesses with $5 to $30 million of recurring revenue and will consider opportunities throughout North America. Specific areas of interest include enterprise software, information services, and analytics. Resurgens has a preference for founder-owned companies with potential for market leadership. Resurgens Technology Partners was established in 2016 and is headquartered in Atlanta, Georgia.


Deal Context for Investor #
Overall 4 of 17
Sector: Internet Software and Services 1 of 2
Type: Growth Capital 3 of 13
State: Delaware 1 of 1
Country: United States 4 of 14
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Verity

Boston, Massachusetts, United States

Verity is a provider of saas based research management software built for today’s modern buy-side investment firms, including global asset managers, asset owners, hedge funds, fund-of-funds, and private equity funds. Verity was founded in 2011 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 GitKraken

Scottsdale, Arizona, United States

GitKraken is a software company that provides Git productivity and collaboration solutions for Agile DevOps teams from companies around the world. GitKraken was founded in 2002 and is based in Scottsdale, Arizona.

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 Context for Investor #
Overall 113 of 157
Sector: Internet Software and Services 33 of 53
Type: Growth Capital 20 of 36
State: Delaware 1 of 1
Country: United States 104 of 143
Year: 2019 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 Accelya

Barcelona, Spain

Accelya is a provider of integrated technology platforms, software and services to the travel and transport industry. The Company’s platform offers technology solutions for the travel industry to solve critical business problems including commercial planning and optimization, sales and distribution management, financial reconciliation and settlement. Accelya delivers business-critical financial, commercial, cargo, analytics and industry solutions to over 400 airlines, travel agents and shippers in over 150 countries. Accelya was founded in 1976 and is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 BlueConic

Boston, Massachusetts, United States

BlueConic is a pure-play customer data platform that liberates companies’ first-party data from disparate systems and makes it accessible wherever and whenever it is required to transform customer relationships and drive business growth. BlueConic was founded in 2010 and is based in Boston, Massachusetts.

Buy -