Vista Equity Partners Acquires JAGGAER
2024年8月13日 - 8:55PM
ビジネスワイヤ(英語)
Vista Equity Partners (“Vista”), a leading global investment
firm focused exclusively on enterprise software, data and
technology-enabled businesses, today announced the acquisition of
JAGGAER, a global leader in enterprise procurement and supplier
collaboration software, from Cinven. Terms of the transaction were
not disclosed.
JAGGAER provides configurable source-to-pay and supplier
collaboration software for direct and indirect procurement
processes through a single, unified platform. 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 more than 1,400 customers
around the world.
“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,” said Andy Hovancik, CEO of JAGGAER. “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.”
“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,” said
Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior
Managing Director. “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.”
“JAGGAER’s comprehensive solution enables customers to manage
all procurement activities from an intuitive platform that
harmonizes and optimizes disparate spend data,” said Sam Payton,
Senior Vice President at Vista. “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.”
About JAGGAER: Procurement’s intelligent source-to-pay and
supplier collaboration platform.
JAGGAER is a global leader in enterprise procurement and
supplier collaboration, and the catalyst for enhancing human
decision-making to accelerate business outcomes. We help
organizations to manage and automate complex processes while
enabling their highly resilient, accountable, and integrated
supplier base. Backed by 30 years of expertise, our proven
AI-powered industry-specific solutions, services, and partnerships
form JAGGAER One, serving direct and indirect, upstream and
downstream, in settings demanding an intelligent and comprehensive
source-to-pay solution. Our 1,200 global employees are obsessed
with helping customers create value, transform their businesses,
and accelerate their journey to Autonomous Commerce.
About Vista Equity Partners
Vista is a leading global investment firm with more than $100
billion in assets under management as of March 31, 2024. The firm
exclusively invests in enterprise software, data and
technology-enabled organizations across private equity, permanent
capital, credit and public equity strategies, bringing an approach
that prioritizes creating enduring market value for the benefit of
its global ecosystem of investors, companies, customers and
employees. Vista's investments are anchored by a sizable long-term
capital base, experience in structuring technology-oriented
transactions and proven, flexible management techniques that drive
sustainable growth. Vista believes the transformative power of
technology is the key to an even better future – a healthier
planet, a smarter economy, a diverse and inclusive community and a
broader path to prosperity. Further information is available at
vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity
Partners, and on Twitter, @Vista_Equity.
Endorsements presented herein are made by current or former
employees of Vista portfolio companies, over which Vista may have
the ability to exercise discretion on employee compensation,
promotion and other employment decisions and may also be investors
in Vista funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20240813663143/en/
Brian Steel media@vistaequitypartners.com (212) 804-9170