2018

YEAR IN REVIEW

As we move toward a more digital world, technology will play a larger role in our economy. Vista is at the center of this transformation. In 2018, we continued to evolve our approach while serving our mission – to enable growth across the Vista ecosystem while mitigating risk to our stakeholders, resulting in consistently high returns. We extended our reach across industry verticals and investment structures, increasing the tools and resources to perform, while adding new platforms to our portfolio and monetizing existing investments.

CONTENT

Our Investments in 2018

This year, we’ve expanded our investment strategies to increase opportunities across private equity, credit, and public equity. Our investment strategies provide us access to companies of all sizes across all markets, with a continued focus on enterprise software, data, and technology-enabled businesses.
INVESTMENT STRATEGIES & CAPITAL COMMITMENTS1

Private
Equity

$45BN

Vista Equity Partners leverages a team of investors, operators, and technologists to identify, invest in, and operate mission-critical enterprise software companies led by world-class management teams.

Credit

$1.3BN

Vista Credit Partners is a strategic credit investor and financing partner focused on the rapidly growing enterprise software, data, and technology market. Vista Credit Partners leverages the Vista platform for deal origination and software expertise to strike a successful balance between attractive risk and adjusted returns.

Public
Equity

$394MM

Vista Public Strategies is the public investing arm of Vista Equity Partners, pursuing a fundamentally driven, research-intensive long/short equity investment strategy with an emphasis on the global technology, media, and telecommunications sectors.
THIS YEAR'S PRIVATE EQUITY TRANSACTIONS

0

Platform Investments

0

Mergers & Add-on Acquisitions

0

Monetizations

0

Total Transactions
PLATFORM INVESTMENTS
MONETIZATIONS5

TIMELINE OF PRIVATE EQUITY INVESTMENTS & MONETIZATIONS

TIMELINE OF PRIVATE EQUITY INVESTMENTS & MONETIZATIONS

APRIL

PLATFORM INVESTMENT
HR & Recruiting
Human resources platform to enhance employee engagement and performance.

MAY

PLATFORM INVESTMENT
Healthcare
Workforce planning, optimization, and management software for healthcare institutions.
PLATFORM INVESTMENT
Horizontal
Automated performance monitoring platform for on-premise, cloud, and hybrid infrastructure.

JULY

PLATFORM INVESTMENT
Sales & Marketing
Ad verification, optimization, and analytics software for digital advertising customers.

AUGUST

PLATFORM INVESTMENT & Monetization
Education
Student information management and reporting solutions for the K-12 education industry.
Monetization
Real Estate
3D roofing estimate software, geo-reference aerial image capture, and visual-centric data analysis.
Monetization
Education
Talent management software for higher education that makes recruiting, hiring, developing, and retaining educators and staff easier.
PLATFORM INVESTMENT
Financial Services
Risk management and compliance solutions software for financial and professional services companies.

SEPTEMBER

PLATFORM INVESTMENT
Healthcare
SaaS platform for the management of consumer-directed healthcare benefit accounts including FSAs, HSAs, HRAs, wellness incentives, dependent care, and commuter accounts.
Monetization
Horizontal
SaaS-based ethics and compliance software and content provider for companies of all sizes in all verticals.
PLATFORM INVESTMENT
Horizontal
Talent acquisition software suite that enables mid-sized and enterprise employers to engage and nurture candidates, track applicants through the hiring process, and onboard new employees.
PLATFORM INVESTMENT
Horizontal
Software solution that enables enterprise brands to manage nationwide networks of service providers while streamlining and coordinating last-mile end-consumer communications.

OCTOBER

Monetization
Sales & Marketing
Marketing software and engagement platform designed to help marketers develop long-term relationships with their customers – from acquisition to advocacy.

NOVEMBER

PLATFORM INVESTMENT
Security
SaaS-based privacy incident response management platform.
PLATFORM INVESTMENT
Horizontal
Technology business management solutions for large enterprises, mid-market customers, and the public sector.
 

DECEMBER

PLATFORM INVESTMENT
Horizontal
Proprietary data and analytics software that transforms unstructured information and data into contextualized performance indicators for businesses.
PLATFORM INVESTMENT
Sports, Media & Entertainment
Business management, demand generation, and integrated payment processing software to the health and wellness industries.
Close pending.
Learn More
PLATFORM INVESTMENT
Horizontal
SaaS-based project management and collaboration software.
Mergers & Add-on Acquisitions

Our Ecosystem of Innovation

Over nearly two decades, we have built one of the world's largest platforms of software companies, leaders, and experts. Our network and the Vista ecosystem provide our companies with the resources they need to succeed.
Advancing New Technologies
To lead in an ever-evolving market, software companies must invest in strategies that spur innovation. With the support of the Vista ecosystem, our companies are incorporating next-generation technologies like machine learning, artificial intelligence, and blockchain into their solutions.

In 2018, worldwide cognitive and AI spending grew 54% to reach a total of $19.1BN2.

Igniting Next Gen Ideas
Vista takes a unique approach to growth and investment that leverages intercompany insight, operational expertise, talent development, world-class tools and resources, and a network of market-leading peers.
The Virtues of Scale
The scale of the Vista ecosystem brings many advantages to our companies. Whether navigating market shifts or recruiting top talent or fostering innovation, Vista’s ecosystem offers our companies extensive resources and tools to help them succeed.

Current Vista portfolio companies represent the 4th largest enterprise software company in the world3.

$2BN+

IT and R&D spend across Vista portfolio companies

50+

Executive technology leaders across Vista portfolio companies

~40K+

Employees in technical roles across Vista portfolio companies

Our Community Impact

In 2018, we strengthened our commitment to our communities by investing in job training and opportunities, access to education, supporting the arts and culture, and protecting our health and environment.
Serving a Greater Purpose
As responsible stewards of capital, it is our duty to operate thoughtfully during each investment, not just for the companies we serve, but for our entire ecosystem of employees, customers, partners, and investors who depend on our consistency and results.
WE SERVE

~15 million

U.S. public pensioners

50%+

of all U.S. teachers and education employees

40%+

of all U.S. public safety employees, including police and firefighters

The Vista Platform

4

~60K

Portfolio Company Employees

800K+

Customers

400+

Portfolio Company Executives

220MM+

Users

55+

Portfolio Companies

175+

Countries

350+

Vista Employees

~60K

Portfolio Company Employees

800K+

Customers

400+

Portfolio Company Executives

220MM+

Users

55+

Portfolio Companies

175+

Countries

350+

Vista Employees

Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland, and San Francisco with more than $46 billion in cumulative capital commitments. Vista exclusively invests in software, data, and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity. 
For more information, please visit VistaEquityPartners.com

1. Reflects equity commitments inclusive of all Flagship Funds, Foundation Funds, Equity Funds, and Credit Funds as of 12/31/2018. VPS reflects Assets Under Management, as of 12/31/2018.
2. IDC, IDC Spending Guide Forecasts Worldwide Spending on Cognitive and Artificial Intelligence Systems to Reach $57.6 Billion in 2021. 9/25/2017
Note: Actual results may differ materially from projections and there can be no assurance that any historical trends will continue during the life of any Vista Fund.
3. As of 6/30/2018 for Vista Funds. As of latest reported date for other companies Source: Capital IQ (As of latest reported date for other companies).
Note: Ranking reflects aggregate revenue of Vista Equity Partners private equity portfolio companies ranked against the top 10 public software companies. Includes all Vista Equity Funds’ Portfolio Companies and Financials as of 6/30/2018, and the latest reported date for other companies. There can be no assurance that historical trends will continue during the life of any Vista fund. Such market peers were selected for this comparison because Vista believes these present direct comparables in the industry within the relevant time period as measured by LTM revenue. Vista recognizes that such selection criteria is subjective, and that others might select other comparable peers based on their assessments of market comparables. There can be no assurance that the pending transactions will be completed.
4. Reflects all active Vista held companies as of 12/31/2018.
Note: Portfolio company executives include only active, majority-held Vista portfolio companies and does not include minority investments.
5. All monetizations represent majority transactions only.

Disclosures: This document is intended to provide general information regarding Vista’s private equity investing expertise 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 is strictly confidential and may not be reproduced or disseminated to any third parties without the written consent of Vista. There is no guarantee that future investments will be comparable to the 2018 investments shown above. Certain of the transactions listed above were signed and agreed to expected to close subject to customary closing conditions and regulatory approvals (such as a shareholder vote). There can be no assurance that the acquisition will be consummated at all or on the current terms of the agreement. 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. ©{{CurrentYear}} Vista