Investment Summary

Vista Equity Partners Invests In Upserve

On July 6, 2017, private equity firm Vista Equity Partners invested in internet software and services company Upserve

Investment Highlights
  • This is Vista Equity Partners’ 24th transaction in the Internet Software and Services sector.
  • This is Vista Equity Partners’ 74th transaction in the United States.
  • This is Vista Equity Partners’ 1st transaction in Rhode Island.
Investment Fate
  • Upserve was sold to a publicly-traded strategic buyer in 2020 for 430M USD.

Investment Summary

Date 2017-07-06
Target Upserve
Sector Internet Software and Services
Investor(s) Vista Equity Partners
Deal Type Growth Capital

Target

Upserve

Providence, Rhode Island, United States
Upserve, Inc. is a provider of smart management system for restaurant owners to track key facets of their business in real-time. Upserve is the magic ingredient that helps restaurateurs thrive, putting everything they need in one place. Upserve was founded in 2009 and is headquartered in Providence with additional offices in San Francisco and New York City.

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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 80 of 153
Sector: Internet Software and Services M&A 24 of 51
Type: Growth Capital M&A Deals 7 of 32
State: Rhode Island M&A 1 of 1
Country: United States M&A 74 of 141
Year: 2017 M&A 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Zego

San Diego, California, United States

Zego is a payments technology and resident engagement platform for the residential real estate industry that unifies critical resident touchpoints into one app. The Company’s mobile-first platform delivers portfolio-wide efficiency, higher NOI and more engaged residents by seamlessly integrating payment, billing and utility expense management capabilities with a proprietary resident engagement and communication portal. Zego also provides smart home device functionality. Zego serves 6,000 residential real estate companies and over 12 million units nationwide. Zego was founded in 2003 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-09 Upside

Washington, District of Columbia, United States

Upside Business Travel is an online travel service for small enterprises. The Company’s end-to-end digital platform leverages big data to improve business travel through transparent pricing and superior customer support. Upside’s platform includes access to domestic and international air travel, hotels and rental cars.

Buy -