Nexthink, a global leader in Digital Employee Experience (DEX) management, announced it has signed a definitive agreement for a majority investment from Vista Equity Partners, a leading global technology investor specializing in enterprise software. The transaction, which values Nexthink at approximately $3 billion, marks one of the most significant deals in the rapidly growing digital workplace and AI-driven IT operations sectors.
The investment from Vista is set to accelerate Nexthink’s next phase of growth, strengthening its leadership position in the emerging field of agentic digital experience management. Founder and CEO Pedro Bados and the existing leadership team will continue to lead the company as it expands its innovation and global footprint.
The announcement comes amid surging demand for AI-powered IT management solutions as enterprises adapt to increasingly digital and distributed work environments. Nexthink’s platform leverages generative and agentic AI to analyze billions of real-time data signals from devices, applications, and networks. This continuous intelligence enables IT teams to anticipate user needs, resolve problems before they occur, and automate optimizations at scale—dramatically improving workforce productivity and engagement.
With more than 1,500 enterprise customers and 25 million employees worldwide using its platform, Nexthink has emerged as a defining player in the DEX category. Its technology enables organizations to proactively monitor and manage the health of digital work environments, ensuring seamless performance across critical applications and systems.
Vista Equity Partners’ investment will bolster Nexthink’s innovation agenda and operational scale, providing access to Vista’s extensive software ecosystem and strategic expertise in scaling enterprise technology companies. The deal reflects Vista’s continued focus on mission-critical software platforms with strong AI and data analytics foundations.
Advisors/counsel: Qatalyst Partners served as financial advisor and Ropes & Gray acted as legal counsel to Nexthink. Kirkland & Ellis represented Vista Equity Partners. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions.
KEY QUOTES:
“Vista is the gold standard in software investment and operational excellence. Their strategic network and deep expertise are invaluable as we scale to our next stage. Today, more than 25 million employees around the world rely on Nexthink to unlock their full potential through technology. Our top priority remains accelerating innovation and delivering even greater value to our customers and partners.”
Pedro Bados, CEO and Co-Founder, Nexthink
“As work becomes increasingly digital and distributed, businesses face mounting pressure to deliver seamless, high-performing technology experiences for their employees. Nexthink’s DEX platform enables real-time detection and resolution of IT issues — empowering enterprises to proactively maintain productivity and employee engagement.”
Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior Managing Director, Vista Equity Partners
“By combining deep analytics, automation and a modern data architecture, Nexthink is redefining how enterprises manage core IT operations while enabling employees to get the most out of the digital platforms they use every day. We’re excited to partner with Nexthink as it continues to lead the expansion of the DEX market, an attractive segment with strong AI tailwinds and significant long-term potential.”
Rod Aliabadi, Managing Director, Vista Equity Partners
