January Review
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Vista is a leading global investment firm with more than $95 billion in assets under management as of September 30, 2022. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity.
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Investing in Enterprise Software
Top Growth Investors
PLATFORM
Flagship
Fund
MONETIZATION
Flagship Fund
This document is intended to provide general information regarding Vista’s investing experience and not for the purpose of soliciting investors for any Vista Fund. Under no circumstances should the information provided be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made to accredited investors and qualified purchasers pursuant to the current offering documents of the relevant Vista Fund. The information provided may not be reproduced or disseminated to any third parties without the written consent of Vista. The past performance of previous Vista Funds and portfolio companies is not necessarily indicative of future results. Investors in Vista Funds may lose investment capital. There can be no assurance that any future Vista Funds or portfolio companies will achieve comparable results. Additional important disclosures can be found here. ©2023 Vista
The content of this Newsletter is for general, informational purposes. Vista Equity Partners does not make any representation or warranty of any kind, express or implied, as to the accuracy or completeness of the information contained herein. Under no circumstances should the information presented be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made pursuant to the current offering documents for the relevant Vista Fund (the “Fund”) which may only be provided to accredited investors and qualified purchasers as defined under the Securities Act of 1933 and the Investment Company Act of 1940. While the information provided herein is believed to be accurate and reliable, Vista Equity Partners, its advisors and employees make no express warranty as to its completeness or accuracy.
Although the Newsletter may include investment-related information, nothing in the Newsletter is a recommendation that you purchase, sell or hold any security or other investment, or that you should pursue any investment strategy, and no information or Content (as defined below) on the Newsletter is to be relied upon for the purpose of making or communicating investment or other decisions. Nothing in the Newsletter is intended to be, and you should not consider anything on the Newsletter to be investment, accounting, tax, legal or other professional advice.
The information provided in this Newsletter may not be reproduced, distributed or communicated, in whole or in part, to any third party without the express written consent of Vista Equity Partners.
This Newsletter includes information regarding Vista Equity Partners’ past and present portfolio companies. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Further, references to Vista Equity Partners’ past and present portfolio companies should not be construed as a recommendation of any particular investment or security. The portfolio companies listed should not be assumed to have been profitable. Any past performance information in the Newsletter is not necessarily indicative, or a guarantee, of future results. Certain transactions may not be publicly announced at the time of distribution of this document and are therefore not included. Please view www.vistaequitypartners.com for additional information regarding Vista’s strategies and past and present investments.
The Newsletter may contain forward-looking statements (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts and are based on current expectations, estimates, projections, opinions and/or beliefs of Vista. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. In addition, no representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only, or that any profits will be realized. Actual events or results or actual performance of the relevant Fund (or any other entity referred to in the Newsletter) may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. No representation or warranty is made as to future performance or such forward-looking statements.
Please see Disclosures at https://www.vistaequitypartners.com/disclosures/ for further information.
CLOSE X
Monti Saroya, Senior Managing Director
and Co-Head of the Flagship Fund,
Vista Equity Partners
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Endeavor
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Endeavor
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January Announced Transactions
terms not disclosed
Vista Managing Directors Adrian Alonso and Ryan Atlas were named to GrowthCap’s list of the Top 40 Under 40 Growth Investors of 2022. Honorees were selected from hundreds of investing professionals based on their breadth of experience, proven ability to deliver results
and track record of supporting founders and executive teams. Both Adrian and Ryan have been with Vista
for over a decade, and we are proud of their professional growth, leadership and outstanding performance.
Twenty-six companies from across Vista's investment strategies were recognized for their commitment to building strong and inclusive cultures on BuiltIn’s 2023 Best Places to Work list. Additionally, Gainsight was named the number one place to work in the United States by Glassdoor. Congratulations to all honorees for these well-deserved recognitions.
Building Strong Cultures
From the Desk of the CEO
Vista’s Flagship Fund announced the acquisition of Duck Creek (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance. This investment represents an exciting opportunity to build on Duck Creek’s best-in-class platform and solutions, which serve many of the world’s leading P&C insurance carriers.
Duck Creek’s modern cloud architecture
and demonstrated market traction position
it to define the next generation of mission-critical technology for P&C insurance."
2023 started strong, with Vista announcing the take-private
of Duck Creek Technologies, the sale of Zapproved and add-on acquisitions
for companies in the Flagship and Foundation portfolios. We were also pleased
to celebrate recognitions for our team members and portfolio companies.
Terms not disclosed
add-on
Foundation Fund
$2.6bn
Terms not disclosed
The Endeavor Fund announced the sale of its majority stake in Zapproved, an e-discovery software provider for corporate legal teams. Over the course of our partnership, Zapproved experienced significant growth, twice ranking on Deloitte’s Technology Fast 500 list. With Vista’s support, Zapproved established category leadership by expanding its product suite, enhancing customer success capabilities and scaling
its go-to-market engine.
Vista’s Founder, Chairman and CEO, Robert F. Smith, recently penned an article for Fortune Magazine on how the global asset management industry has the potential to drive impact at scale. In the piece, he shares actionable steps asset managers can take to increase diversity and promote inclusivity across their portfolios.
Robert also authored an op-ed for VentureBeat, outlining the keys to leading enterprise software businesses in times
of uncertainty. Read the full article here.
We were pleased to celebrate five of our colleagues following their promotion to Managing Director. These promotions underscore Vista’s commitment to attracting, retaining and developing exceptional talent. Congratulations to the following team members:
In Case You Missed It
Cheryl Leahy, Managing Director, Capital & Partner Solutions
Jessi Marshall, Managing Director, Marketing
Amy Mathews, Managing Director, Head of Venture Capital Coverage, Vista Credit Partners
Drew Tate, Managing Director, Capital & Partner Solutions
Steven White, Managing Director, Private Equity, Flagship Fund
We also recently released Vista’s 2022 Year in Review, reflecting on our progress from the year and highlighting the people behind our success.
Read Vista’s Year in Review
Managing Director Promotions
Year in Review
The 2022 GrowthCap 40 Under 40 recognition is an annual recognition that was presented 12/2022, which included
a participation fee for consideration.