Investment Summary

Vista Equity Partners Invests In BetterCloud

On June 9, 2022, private equity firm Vista Equity Partners invested in information technology company BetterCloud

Investment Highlights
  • This is Vista Equity Partners’ 19th transaction in the Information Technology sector.
  • This is Vista Equity Partners’ 120th transaction in the United States.
  • This is Vista Equity Partners’ 11th transaction in New York.

Investment Summary
Date 2022-06-09
Target BetterCloud
Sector Information Technology
Investor(s) Vista Equity Partners
Deal Type Growth Capital
Advisor(s) J.P. Morgan Securities (Financial)
Gunderson Dettmer (Legal)

Target

BetterCloud

New York, New York, United States
BetterCloud is a SaaS Management Platform provider enabling IT professionals to transform their employee experience, maximize operational efficiency, and centralize data protection. With no-code automation enabling zero-touch workflows, thousands of forward-thinking organizations like Block (formerly Square), Oscar Health, and HelloFresh now rely on BetterCloud to automate processes and policies across their cloud application portfolio. BetterCloud was formed in 2011 and is based in New York, New York.

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Investor(S) 1

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 131 of 149
Sector (Information Technology) 19 of 22
Type (Growth Capital) 27 of 31
State (New York) 11 of 12
Country (United States) 120 of 137
Year (2022) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 SecureLink

Austin, Texas, United States

SecureLink engages in managing secure third-party access and remote support for both enterprise companies and technology providers. SecureLink serves over 400 customers and 30,000 organizations worldwide. SecureLink was founded in 2003 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Tomia

Vienna, Virginia, United States

Tomia is a provider of interconnect and settlement software solutions to telecom communication service providers (CSPs) worldwide. The Company’s products drive ROI for customers by enabling and optimizing the connecting, routing, and transfer of voice, video, and data from one CSP’s network to another. Tomia supports a global community of over 4,000 carriers, including 38 of the top 40, and processes over 300 billion voice, SMS, content, and data minutes each year. Tomia was founded in 1996 and is based in Vienna, Virginia.

Sell -
Mergr

Product

Company

Legal