- Sonatype, a company that scales DevOps through open source governance and software supply chain automation, announced it signed an agreement to receive a majority investment from Vista Equity Partners
Sonatype — a company that scales DevOps through open source governance and software supply chain automation — announced it has signed a definitive agreement to receive a majority investment from Vista Equity Partners. This partnership with Vista will enable Sonatype to further fast-track growth and enhance its Nexus product portfolio. Several of Sonatype’s existing investors are going to retain a stake in the company.
“Vista’s standing as the preeminent investment firm and their commitment to growth and innovation perfectly aligns with our passion for helping businesses build software faster and more securely,” said Wayne Jackson, CEO of Sonatype. “This acquisition is a testament to our outstanding team and clear validation of our vision, strategy, and execution in empowering developers to leverage the power of open-source, while optimizing the hygiene of their software supply chain.”
Sonatype is a leader in software supply chain automation technology with over 300 employees, over 1,000 enterprise customers, and is by over 10 million software developers. And Sonatype’s Nexus platform enables DevOps teams and developers to automatically integrate security at every stage of the modern development pipeline by combining in-depth component intelligence with real-time remediation guidance.
Sonatype is a premier provider of open source health and hygiene data called Nexus Intelligence. This data is aggregated from a vast number of public and private sources utilizing sophisticated machine learning and artificial intelligence.
From there, it is curated with human expertise and infused into a suite of Nexus products to help software engineering teams make better decisions, innovate at a faster pace, and rest comfortably knowing that their applications always consist of the highest quality open source components.
Sonatype is known as one of the fastest-growing companies in North America with annual revenue growth close to 250% over the past three years. And over 60 of the Fortune 100 companies depend on Sonatype’s Nexus products and OSS solutions to automate the modern software supply chain, including 8 of the top 10 US and European banks, 8 of the top 10 US credit card companies, 7 of the top 10 US tech companies, and 4 out of 5 U.S. Armed Forces.
“Open source tools are an invaluable resource that enables companies and developers to keep up with the demand to deliver software applications at a rapidly accelerating pace,” added Patrick Severson, principal at Vista Equity Partners. “Wayne and his team have built an impressive business and an innovative portfolio of products that empower software development teams to continuously innovate responsibly and with the highest quality and most secure open-source across every stage of the digital supply chain. We are pleased to partner with Sonatype as they continue to grow their company in the large and rapidly expanding DevOps market.”
Goldman Sachs & Co. LLC acted as the exclusive financial advisor to Sonatype and King & Spalding LLP and Morrison & Foerster LLP served as the company’s legal advisors. And Morgan Stanley & Co. LLC acted as the exclusive financial advisor to Vista and Kirkland & Ellis LLP served as legal advisor to the firm.
