Vista Equity Partners announced the acquisition of JAGGAER, a global leader in enterprise procurement and supplier collaboration software, from Cinven. The terms of the transaction were not disclosed.
JAGGAER offers configurable source-to-pay and supplier collaboration software for direct and indirect procurement processes through a single and unified platform. And the company’s AI-enabled solutions help optimize and automate sourcing, spend management, contracting, eProcurement, invoicing and supply chain visibility for a diversified group of over 1,400 customers around the world.
KEY QUOTES:
“This new partnership with Vista underscores JAGGAER’s strong momentum and the compelling value our intelligent software delivers by helping our customers manage and automate complex processes while enabling a highly resilient, responsible and integrated supplier base. Vista is a highly experienced software investor, and I’m confident they will be an exceptional partner to JAGGAER during this exciting next phase of growth and opportunity.”
- Andy Hovancik, CEO of JAGGAER
“JAGGAER provides a mission-critical platform that enables its customers and partners to streamline global supply chain and procurement processes, lower costs and improve visibility. JAGGAER’s products serve a large addressable market benefiting from durable growth tailwinds, including customers’ increasing desire to unify direct and indirect spend management and realize the benefits of AI. JAGGAER is well-positioned to capitalize on these demand trends given its leading capabilities across source-to-pay workflows.”
- Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior Managing Director
“JAGGAER’s comprehensive solution enables customers to manage all procurement activities from an intuitive platform that harmonizes and optimizes disparate spend data. JAGGAER is led by a high-performing leadership team with a demonstrated commitment to operational excellence and a bright vision for the future of AI-powered spend management. We’re excited to support an organization that cares deeply about their customers, partners and mission.”
- Sam Payton, Senior Vice President at Vista
