TRG Screen – a leading provider of enterprise subscription spend and usage management software – recently announced a strategic growth investment from Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. TRG Screen will use the capital to accelerate product innovation, talent, and go-to-market functions to meet the growing demand for transparency, compliance, and control of market data and information consumption.
TRG Screen also revealed that Leigh Walters has been appointed Chief Executive Officer. Walters – who will succeed Steve Matthews – has served as President and Chief Operating Officer of TRG Screen since joining in 2017. As part of this planned transition, Matthews assumes the role of Executive Chairman after serving as CEO for the past nine years. He will continue partnering with Leigh and the company’s executive team to drive strategic growth.
Driven by an ever-increasing demand for data and information, the subscription landscape continues growing in size and complexity, with financial market data alone representing a $37.3 billion annual spend in 2022. And TRG Screen’s modern solutions provide actionable insights into spending and consumption patterns, providing customers with complex and expensive subscriptions with clear visibility into spending, usage, and compliance against increased cost pressure. TRG Screen currently serves over 500 financial services organizations, law firms, and global enterprise customers, jointly managing over $8.5 billion in subscription spend.
KEY QUOTES:
“This investment from Vista comes following the tremendous success TRG Screen has achieved in providing our customers with leading subscription spend and usage management capabilities; it will also further accelerate our software and managed service offerings in response to the market’s demand for best-in-class solutions.”
- Leigh Walters, CEO of TRG Screen
“Following a successful investment with Pamlico Capital, we are excited to partner with Vista to continue our mission of delivering integrated customer solutions to optimize subscription spend and usage. Vista’s team of investors, operators, and technologists understand the unique opportunity of a company like TRG Screen, and we look forward to working with them in our next phase of growth.”
- Steve Matthews, Executive Chairman of TRG Screen
“The proliferation of subscription-based services has made controlling costs, monitoring usage, and managing access a top priority for leading financial services organizations, law firms, and global enterprises. TRG Screen’s platform is mission-critical, providing customers with the visibility to make impactful business decisions. We congratulate Steve on positioning TRG Screen to define the future of subscription spend and usage management and are excited to partner with Leigh and the rest of the team to support TRG Screen’s long-term growth and success.”
- Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director
“We truly enjoyed working with Steve, Leigh, and the entire TRG Screen team. They are talented operators, and we are thankful to have had the opportunity to help them achieve their vision for the business.”
- Walker Simmons, Partner at Pamlico Capital
