Smartsheet, a cloud-based work management platform, has announced a monumental acquisition deal valued at $8.4 billion, in which it will be taken private by investment giants Blackstone and Vista Equity Partners. Under the agreement, Blackstone and Vista will purchase all outstanding shares of Smartsheet at $56.50 per share, representing a 41% premium based on the […]
Vista Equity Partners, a prominent global investment firm specializing in enterprise software, data, and technology-enabled businesses, announced its definitive agreement to acquire Model N, Inc. (NYSE: MODN). Model N is recognized for its leading revenue optimization and compliance solutions tailored for the pharmaceutical, medtech, and high-tech industries. The all-cash transaction is valued at approximately $1.25 […]
EngageSmart, Inc., a provider of vertically tailored customer engagement software and integrated payments solutions, has announced the completion of its acquisition by an affiliate of Vista Equity Partners, a leading global investment firm in enterprise software, data, and technology-enabled businesses, for $4 billion. The acquisition was made at $23 per share in cash. This transaction […]
Energy Exemplar, a global leader in energy market simulation software, is set to be acquired by private equity funds affiliated with Blackstone and Vista Equity Partners. This key strategic move is expected to propel the company into a new growth phase, emphasizing platform innovation and supporting global grid reliability and the energy transition. Energy Exemplar: […]
IBM has successfully finalized its $4.6 billion acquisition of Apptio Inc., a foremost figure in technology business management, after procuring all necessary regulatory approvals. This strategic union will empower enterprises with an unmatched capability to optimize their IT expenditures and yield substantial financial returns. By marrying Apptio’s premier offerings like ApptioOne, Cloudability, and Targetprocess with […]
IBM today announced a definitive agreement to purchase Apptio Inc., a leading company in IT financial and operational management and optimization (FinOps) software, from Vista Equity Partners for $4.6 billion. This move is set to fast-track IBM’s IT automation capabilities and provide enterprise leaders with increased value from their technology investments. The acquisition comes at […]
Global investment firm Vista Equity Partners has agreed to acquire Duck Creek Technologies, a Nasdaq-listed insurtech company, for around $2.6 billion in cash. Duck Creek Technologies offers cloud-based property and casualty (P&C) insurance solutions to its customers, including American International Group and Berkshire Hathaway Specialty Insurance. As per the terms of the deal, Duck Creek […]
Ping Identity, an intelligent identity solutions provider listed on the NYSE, has agreed to be acquired by Thoma Bravo in an all-cash deal worth around $2.8 billion. As per the terms of the deal, Ping Identity’s shareholders will be paid $28.5 per share by the software investment firm. The deal will take Ping Identity private. […]
Cloud computing company Citrix Systems is set to go private in a $16.5 billion takeover by affiliates of Vista Equity Partners and Elliott Investment Management. The acquisition price covers the assumption of Citrix Systems’ net debt as well. Elliott Investment Management is participating in the takeover via its affiliate Evergreen Coast Capital. The hedge fund […]
Granicus, a provider of cloud-based citizen engagement technologies and services, has acquired Texas-based govtech company Calytera from BuildGroup. The financial details of the transaction were not disclosed by Granicus, which is a portfolio company of Vista Equity Partners. Calytera with its govtech platform called Amanda helps governments across the US, Canada, Australia, and the UK automate […]