Key Takeaways
- • Vista Equity Partners acquired Sonatype, a software supply chain management provider for the enterprise, in November 2019, according to the primary source.
- • The investment is positioned by Vista as a means of supporting Sonatype's growth in DevOps systems used by software companies globally.
- • Patrick Severson, Senior Managing Director and Co-Head of Vista's Foundation Fund, framed the deal around the expanding DevOps market and rising demand for open source tools.
- • Vista describes itself as a private equity firm investing in software businesses, managing more than $103 billion in assets.
Summary
Vista Equity Partners, the American private equity firm focused on software, acquired Sonatype in November 2019. The primary source describes Sonatype as a pioneer of software supply chain management for the enterprise, and characterizes the transaction as an opportunity to support the company's growth in DevOps systems used by software companies around the world.
Patrick Severson, Senior Managing Director and Co-Head of Vista's Foundation Fund, linked the investment to structural demand trends in software development. He said open source tools are an invaluable resource enabling companies and developers to keep pace with the demand to deliver software applications at a rapidly accelerating rate, and described the DevOps market as large and rapidly expanding.
Vista's publisher materials describe the firm as a leading global technology investor that pioneered enterprise software investing and manages more than $103 billion in assets. The firm is founded by Robert F. Smith, who serves as Founder, Chairman and CEO. Vista's strategies span private equity and private credit.
The primary source does not disclose the purchase price or other transaction terms.
Patrick Severson, Senior Managing Director and Co-Head of Vista's Foundation Fund, linked the investment to structural demand trends in software development. He said open source tools are an invaluable resource enabling companies and developers to keep pace with the demand to deliver software applications at a rapidly accelerating rate, and described the DevOps market as large and rapidly expanding.
Vista's publisher materials describe the firm as a leading global technology investor that pioneered enterprise software investing and manages more than $103 billion in assets. The firm is founded by Robert F. Smith, who serves as Founder, Chairman and CEO. Vista's strategies span private equity and private credit.
The primary source does not disclose the purchase price or other transaction terms.
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