2022 Vista Year in Review

Executive Letter

investments

partnership

leadership

Reach

A Letter to Our Stakeholders

The investment and technology industries experienced dynamic conditions in 2022. This season of uncertainty in the global markets only furthered our conviction in the power of enterprise software, the resiliency of our sector and the necessity for disciplined investment strategies. Together with our portfolio companies and our team, we are focused on capturing the opportunities ahead while maintaining our discipline to deliver consistent outcomes for our investors.

We are fortunate to work with some of the brightest founders and leaders in the enterprise software industry, each of whom works tirelessly to advance their business and serve their customers. At Vista, we take pride in helping founders realize their visions, and today over 88% of founders in our portfolio are still involved in their companies. Through collaborative value creation efforts, exclusive networking and professional development events, and diversified capital solutions, we empower founders and management teams to position their businesses for growth.

Partnering With The Best In Enterprise Software

Vista’s 2022 CXO Summit

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Vista’s deep experience investing exclusively in the enterprise software market guides our approach and informs our understanding of what makes software companies successful. Our value creation teams and portfolio company leaders partner to implement best practices as we work to build stronger, more resilient businesses. Hear Robert F. Smith, David Breach and Nadeem Syed discuss our collaborative approach to value creation.

PRIVATE EQUITY AND PERMANENT CAPITAL

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Vista maintains a rigorous due diligence process, underwriting to critical success factors we can control and influence. Thanks to our robust network and over two decades of experience investing in the enterprise software sector, we are often shown deals that other investors never have access to. While our opportunity continues to expand through a large and growing addressable market, we remain highly selective. Click through to see our 2022 investment activity.

transactions

Flagship Fund

Platform

Foundation Fund

Platform

Foundation Fund

Minority Investment

Endeavor Fund

Platform

Flagship Fund

Platform

Endeavor Fund

minority investment

Endeavor Fund

Platform

Flagship Fund

Platform

Foundation Fund

Platform

Foundation Fund

Platform

Foundation Fund

Platform

Flagship Fund

Acquired by TripleLift

Foundation Fund

Acquired by Naviga

Foundation Fund

Acquired by StarRez

Foundation Fund

Acquired by Flash

Perennial Fund

Acquired by Ellucian

Flagship Fund

Acquired by PowerSchool

Flagship Fund

Acquired by IAS

Flagship Fund

Acquired by Advanced

Flagship Fund

Acquired by Datto

Flagship Fund

Acquired by Gainsight

Flagship Fund

Acquired by PowerSChool

Foundation Fund

Acquired by ESO

Foundation Fund

Acquired by Aptean

Foundation Fund

Acquired by StarRez

Flagship Fund

Acquired by ICIMS

Flagship Fund

Acquired by Solera

Foundation Fund

Acquired by Granicus

Foundation Fund

Acquired by Flash

Foundation Fund

Acquired by Aptean

Flagship Foundation

Acquired by PowerSchool

Foundation Fund

Acquired by ESO

Flagship Fund

Acquired by Advanced

Foundation Fund

Acquired by Aptean

Flagship Fund

Acquired by Advanced

Endeavor Fund

Acquired by Dispatch

Flagship Fund

Acquired by Jamf

Vista Credit Funds

Growth Financing

12 Investments

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PRIVATE EQUITY AND PERMANENT CAPITAL

35 Add-On Acquisitions

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PRIVATE EQUITY AND PERMANENT CAPITAL

7 Monetizations

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CREDIT

4 Transactions

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Value CreatIon

meet our people

Vista Credit Funds

Growth Financing

vista market leadership

Add-On Acquisitions

Monetizations

Credit Transactions

Flagship Fund

Acquired by EAB

Sale to Lumine Group

Foundation FUND

Sale to Imprivata

Endeavor FUnd

Sale to Thoma Bravo

FLAGSHIP FUND

Partial Sale to TA Associates

Flagship FUND

Sale to Kaseya

Flagship FUnd

Partial Sale to TA and Insight Partners

Foundation FUnd

Sale to Levine Leichtman Capital Partners

Foundation FUnd

Flagship Fund

Acquired by Cloud Software Group

Endeavor Fund

Platform

Sources & Disclosures >

Vista is a leading global investment firm with more than $95 billion in assets under management as of September 30, 2022. 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.

175+

Countries

400MM+

Users

1.4MM+

SMB Users

1MM+

Customers

90K+

Employees

80+

Companies

Private Equity Portfolio

$95BN+

TOTAL

$85.9BN

Private Equity

$2.5BN

Permanent Captial

$6.6BN

Credit

$632MM

Public Equity

Assets Under Management

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Investments

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Vista Credit Funds

Growth Financing

2022 Vista Year in Review

As software becomes smarter, so do we. Through in-person events, we engage and support our portfolio leaders and facilitate active collaboration and knowledge sharing. Click the button below for key takeaways and insights from the 2022 CXO Summit.

Listen Now

Robert F. Smith Talks Investing in Enterprise Software on the Invest Like the Best Podcast

Read the profile

Focus, Expertise and Shared Values Fuel This Founder-Friendly Firm

Read the highlights

David Breach Talks Private Markets in Periods of Uncertainty

Read the keynote interview

Michael Fosnaugh and Monti Saroya on Maintaining Discipline in Enterprise Software Investing

Learn about the award

The Top 25 Private Equity Firms of 2022

Learn about the award

Bessie Watts Listed as One of 100 People Transforming Business

Listen Now

Top Women in Growth Investing: Vista Equity Partners’ René Stewart and Rachel Arnold

Read the Interview

Vista Credit Partners' David Flannery on Private Debt vs. Syndicated Loans, Tech Outlook

Read about the deal

2022 Deal of the Year: Vista Equity Partners Acquired Drift

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FPO

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The World's Most Innovative Companies of 2022

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The Top 100 Software Companies of 2022

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2022 Channel Chiefs

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.

The 2022 GrowthCap 40 Under 40 recognition is an annual recognition that was presented 12/2022, which included a participation fee for consideration. The 2022 Insider 100 People Transforming Business recognition is an annual recognition that was presented 11/2022. The 2022 Inc. Top Founder Friendly Investors list is an annual list that was presented 10/2022, which included a participation fee for consideration. The 2022 PEI Future 40 recognition is an annual recognition that was presented 05/2022. The 2021 M&A Enterprise Software Deal of the Year recognition is an annual recognition that was presented 02/2022, which Vista pays for certain image usage rights.

Hear From Khalida Ali

40 under 40: Future Leaders of Private Equity

Read about the deal

2022 Deal of the Year: Vista Equity Acquired Drift

Read the profile

Focus, Expertise and Shared Values Fuel This Founder-Friendly Firm

Khalida Ali Named a Future 40 Leader

Flagship Fund

Acquired by iCims

Foundation Fund

Acquired by Power Factors

Endeavor Fund

Acquired by iN2L

Endeavor Fund

Acquired by BigTime Software

Endeavor Fund

Acquired by Kazoo

Acquired by eBay

MONETIZATION

Foundation Fund

Acquired by Bonterra

Flagship Fund

Acquired by SmartBear

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Adrian Alonso and Ryan Atlas Named to GrowthCap’s Top 40 Under 40 Growth Investors of 2022

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Companies Recognized

2022 Announced Investment Activity

Partnering With The Best In Enterprise Software

Executive Letter

investment

partnership

leadership

Reach