Investment Summary

Vista Equity Partners Exits SourceNet Solutions

On December 1, 2004, invested in business services company SourceNet Solutions from Vista Equity Partners

Investment Highlights
  • This is transaction in the Business Services sector.
  • This is transaction in the United States.
  • This is transaction in Texas.
Investment Fate
  • SourceNet Solutions was sold to a strategic buyer in 2004.

Investment Summary

Date 2004-12-01
Target SourceNet Solutions
Sector Business Services
Sellers(s) Vista Equity Partners
Deal Type Trade Sale

Target

SourceNet Solutions

College Station, Texas, United States
SourceNet Solutions, Inc. specializing in accounts payable (AP) outsourcing.

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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 1 of 72
Sector: Business Services M&A 1 of 4
Type: Trade Sale M&A Deals 1 of 1
State: Texas M&A 1 of 15
Country: United States M&A 1 of 68
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Grupo Itevelesa

Madrid, Spain

Grupo Itevelesa is an independent company of technical inspection of vehicles. operates 72 fixed locations and 20 mobile units across 11 autonomous communities; it also provides industrial safety, metrology, and environmental inspection services. Grupo Itevelesa was founded in 1982 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-05 Aspect Communications

San Jose, California, United States

Aspect Communications Corporation ("Aspect") was a leading provider of contact center software solutions and services that enable businesses to manage and optimize customer communications. Aspect's global customer base included more than two-thirds of the Fortune 50 and leading corporations in a range of industries, including transportation, financial services, insurance, telecommunications, retail and outsourcing, as well as large government agencies.

Sell -