Vista Equity Partners and Apptio
Apptio announced that it would be acquired by Vista Equity Partners (Vista) in November 2018, with the acquisition being finalized in January 2019. This deal took Apptio, which had been publicly traded since 2016, private once again. Apptio’s offering of cutting-edge cloud-based business solutions for IT, budgeting projections and forecasting made it a natural partnership for Vista, a leading global investment firm that exclusively invests in enterprise software, data and technology-enabled companies.
Apptio received multiple offers from private investment companies but ultimately chose to partner with Vista because of the firm’s expertise, according to Apptio Co-Founder and CEO Sunny Gupta. At the time the deal was announced, Gupta told Reuters, “In the private construct, we look at leveraging Vista’s playbook. They seem to be very committed to accelerating our product innovation cycle to customers.”
“The resources and financial strength of Vista will allow Apptio to enter our next chapter of growth, maintain our commitment and passion for customers, and cement our leadership position in fueling digital transformation at hundreds of organizations of all sizes around the world,” Gupta said. Gupta added that the acquisition by Vista would allow Apptio to “accelerate [its] growth in the private markets, which sometimes can be harder to do in the public markets because of the fickleness or whatever may happen in the public market.”
Vista Equity Partners at a Glance
Vista was established in 2000 by Founder, Chairman and CEO Robert F. Smith. The firm is headquartered in Austin, Texas with offices in Chicago, Hong Kong, New York, Oakland and San Francisco. Vista invests in leading enterprise software companies and promotes sustainable growth through collaborative value creation efforts.
Vista is committed to the pursuit of excellence, both in its work with its portfolio companies and in its philanthropic endeavors. The firm engages in efforts to create educational opportunities for all people, regardless of race, ethnicity, culture, gender or sexual orientation. Vista partners with Code.org to increase access to computer science education and create onramps to opportunity. Vista is also a founding partner of Girls Who Invest, a nonprofit organization dedicated to growing the number of women in portfolio management and executive leadership in the asset management industry.
To learn more about Vista Equity Partners and the organizations it works with, follow Vista on Instagram, Twitter or LinkedIn.