LogicMonitor announced that it has signed a definitive agreement to be acquired by Vista Equity Partners, giving the private equity firm a majority ownership position in the SaaS-based IT infrastructure monitoring company. PSG, the existing owner, will retain a minority stake in the transaction. Financial terms were not disclosed, and the deal is expected to close in the second quarter of this year.
The acquisition marks a significant move for Vista as it continues investing in foundational enterprise software companies with strong growth trajectories. LogicMonitor, headquartered in Santa Barbara with additional offices in Austin, London, Boston, Singapore, and Chengdu, provides a cloud-based observability platform used by global enterprises, managed service providers, and technology companies to monitor infrastructure and application performance across hybrid environments.
LogicMonitor enters the Vista portfolio with strong operational momentum driven by rising demand for real-time visibility, performance analytics, and automation across increasingly complex IT environments. As organizations continue shifting to multi-cloud and distributed architectures, the ability to unify monitoring across on-premises and cloud infrastructure has become a critical capability. The company also benefits from broad technology coverage, automated device discovery, preconfigured alerting, and integrations with applications such as ServiceNow and Atlassian.
Support: Advisors for the transaction included William Blair as exclusive financial advisor to LogicMonitor and Evercore as financial advisor to Vista. Weil, Gotshal & Manges served as legal counsel to PSG and LogicMonitor, while Kirkland & Ellis represented Vista.
KEY QUOTES
“Vista enables some of the most impactful software companies on the market today to grow quickly while expanding innovation. Our platform delivers real-time performance visibility to IT operations so global enterprises, managed service providers, and modern web technology companies can scale to deliver superior products and services. This investment by Vista endorses the leadership position we’ve built to date, and provides us with an incredible opportunity to leverage their intellectual capital and portfolio of resources to continue to scale our own business.”
Kevin McGibben, Chief Executive Officer, LogicMonitor
“LogicMonitor’s differentiated and high ROI solution is uniquely positioned to support complex corporate IT environments. We are thrilled to be partnering with the LogicMonitor team to further accelerate its product investment and its rapid growth trajectory as it supports companies that monitor increasingly complicated cloud and hybrid environments.”
Alan Cline, Principal at Vista Equity Partners and Co-Head of the Vista Foundation Fund
“Since our investment in 2016, LogicMonitor has solidified its position as the industry leader in SaaS-based IT Infrastructure Monitoring, and PSG is excited to partner with Vista to support LogicMonitor’s next phase of growth.”
Thomas M. Reardon, Managing Director, PSG
