Acumatica, a provider of cloud ERP solutions for small and mid-sized businesses, announced it has signed a definitive agreement to be acquired by Vista Equity Partners.
Acumatica’s cloud-native ERP platform enables a range of mid-market organizations to digitally manage and automate mission-critical processes from core financial management to payroll and CRM in a single and unified system. Created on an open, flexible architecture, the platform delivers AI-driven real-time visibility across the business, enabling users to make faster and more strategic business decisions. And Acumatica provides industry-specific functionality tailored to complex sectors, including manufacturing, distribution, construction, retail and professional services.
Vista will buy Acumatica from EQT, which will no longer be an investor in the company. The terms of the transaction were not disclosed.
Advisors/counsel: Moelis & Company served as financial advisor to Acumatica. And Simpson Thacher & Bartlett acted as legal counsel to Acumatica, and Greenberg Traurig served as legal counsel to Vista.
KEY QUOTES:
“Our partnership with Vista not only marks a significant milestone in Acumatica’s history but also is a strong endorsement of the real-world value we deliver to the market and our customers. Vista’s investment can help power our AI-first product strategy and further strengthen our thriving Community of partners, developers and customers, working together to find better ways to work and redefine business management software for everyone. With Vista’s support and track record of growing software companies, we believe we’re positioned to accelerate product development, deepen partner engagement and extend our impact.”
John Case, CEO of Acumatica
“Acumatica is an ascendant, cloud-native ERP platform that has become a leading provider of mission-critical tools that enable small and mid-sized businesses to run more efficiently and effectively. With its industry-leading, strong partner ecosystem and growing presence in markets embracing cloud-based business technology, we believe Acumatica is well-positioned to lead the shift toward modern, integrated ERP solutions.”
Monti Saroya, co-head of Vista’s Flagship Fund and senior managing director
“Acumatica has established a strong market position with differentiated, flexible and industry-specific ERP solutions as well as a uniquely dedicated channel of value-added resellers. We’re excited to partner with Acumatica and its outstanding community of partners to drive continued growth and product innovation and to deliver even greater value to customers worldwide.”
John Stalder, managing director at Vista
