Secondary Buyout • Information Technology

Vista Equity Partners Acquires Autotask

On June 9, 2014, private equity firm Vista Equity Partners acquired information technology company Autotask from JMI Equity

Acquisition Context
  • This is Vista Equity Partners’ 5th transaction in the Information Technology sector.
  • This is Vista Equity Partners’ 39th transaction in the United States.
  • This is Vista Equity Partners’ 2nd transaction in New York.
Investment Fate
  • Autotask merged with another company in 2017.

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M&A Deal Summary

Date June 9, 2014
Target Autotask
Sector Information Technology
Buyer(s) Vista Equity Partners
Sellers(s) JMI Equity
Deal Type Secondary Buyout

Target Company

Autotask

East Greenbush, New York, United States
Autotask Corp. is a provider of hosted IT business management software to streamline and optimize business processes for technology solution providers.
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Buyer Overview 1

Buyer

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 Buyer #
Overall 43 of 155
Sector: Information Technology 5 of 21
Type: Secondary Buyout 7 of 39
State: New York 2 of 13
Country: United States 39 of 143
Year: 2014 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-19 Stats Perform

Chicago, Illinois, United States

Stats Perform is a provider of data, sports research, news and video content, and artificial intelligence-powered solutions to sports media and broadcasters, technology companies, global brands, sportsbooks, teams and leagues, and fantasy sports providers. The Company powers storytelling through natural language generation for sports broadcasters and tech companies, unlocks player props and precise projections for sportsbooks, and generates predictions to improve team performance and player evaluation. Stats Perform was formed in 1981 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-09 Social Solutions

Austin, Texas, United States

Social Solutions is a provider of on-demand performance management software (SaaS) and solutions to the human services nonprofit sector with a focus on measuring efforts to outcome (ETO) to provide organizations with a clear picture of which efforts are having the greatest impact on the social issues they address. Social Solutions was founded in 2000 and is based in Austin, Texas.

Buy -

Seller Profile 1

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


Deal Context for Seller #
Overall 63 of 107
Sector: Information Technology 8 of 14
Type: Secondary Buyout 5 of 18
State: New York 2 of 6
Country: United States 57 of 95
Year: 2014 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Internet Brands

El Segundo, California, United States

Internet Brands is an internet media company that owns and operates online media, community, and e-commerce websites in vertical markets. Internet Brands was founded in 1998 and is based in El Segundo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-11 Harmony Information Systems

Reston, Virginia, United States

Harmony Information Systems Inc. is a provider of Web-based, business process and case management software solutions for the human services industry. HarmonyIS developed and markets Harmony, a Web-based, enterprise framework suite of software applications for information management in the human services field.

Sell -