M&A Deal Summary

Validity Acquires Return Path

On May 1, 2019, Validity acquired software company Return Path from Vista Equity Partners

Acquisition Highlights
  • This is Validity’s 2nd transaction in the Software sector.
  • This is Validity’s 2nd transaction in the United States.
  • This is Validity’s 1st transaction in New York.

M&A Deal Summary

Date 2019-05-01
Target Return Path
Sector Software
Buyer(s) Validity
Sellers(s) Vista Equity Partners
Deal Type Add-on Acquisition

Target

Return Path

New York City, New York, United States
ReturnPath is a customer retention software and services company. The company's first product, ECOA (Email Change of Address) is a universal email management and change-of-address service that helps businesses and consumers optimize email communications. They are up and running and revenue producing, with over 40 million email addresses to date. The company sells both directly and through resellers such as DoubleClick.

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Buyer(S) 1

Buyer

Validity

Boston, Massachusetts, United States

Category Company
Founded 2018
Sector Software
DESCRIPTION

Validity is a provider of data integrity and compliance offerings that thousands of organizations worldwide rely on to trust their data. With highly-valued products including demandTools, dupeBlocker, and peopleImport, Validity is empowering organizations worldwide to make better decisions that drive more leads, close more deals, and confidently plan for continued growth. Validity was founded in 2018 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 5
Sector (Software) 2 of 3
Type (Add-on Acquisition) 3 of 5
State (New York) 1 of 2
Country (United States) 2 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 BriteVerify

Charlotte, North Carolina, United States

BriteVerify LLC is an email verification network – to its data integrity platform. BriteVerify LLC was founded in 2009 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 250ok

Indianapolis, Indiana, United States

250ok, Inc. is an email analytics and deliverability provider. 250ok developed email management software and innovative tools used by businesses of every size. 250ok was established in 2011 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

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 38 of 70
Sector (Software) 16 of 28
Type (Add-on Acquisition) 17 of 35
State (New York) 4 of 7
Country (United States) 35 of 65
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 Jebbit

Boston, Massachusetts, United States

Jebbit is a provider of “declared data” capture platform that allows enterprise customers to capture consumer information at scale through a self-service digital experience builder. “Declared data” is first-party information that is willingly and explicitly shared by the consumer and is, therefore, timelier and more accurate than traditional third-party data. Jebbit was founded in 2011 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 BigTime Software

Chicago, Illinois, United States

BigTime Software develops practice management tools that help professional services firms track, manage, and invoice their time. BigTime's industry-specific solutions are designed to speak the language of consultants of all stripes, from engineering and architecture to IT services. BigTime Software was founded in 2002 and is based in Chicago, Illinois.

Buy -