Cloud ERP Leader Joins Vista’s Global Ecosystem to Drive Growth, Empower Community and Advance AI-Driven Cloud ERP Solutions
Acumatica’s cloud-native Enterprise Resource Planning (“ERP”) platform enables a range of mid-market organizations to digitally manage and automate mission-critical processes from core financial management to payroll and Customer Relationship Management (“CRM”) in a single, unified system. Built on an open, flexible architecture, the platform delivers AI-driven real-time visibility across the business, enabling users to make faster and more strategic business decisions. Acumatica offers industry-specific functionality tailored to complex sectors, including manufacturing, distribution, construction, retail and professional services.
“Our partnership with Vista not only marks a significant milestone in Acumatica’s history but also is a strong endorsement of the real-world value we deliver to the market and our customers,” said John Case, CEO of Acumatica. “Vista’s investment can help power our AI-first product strategy and further strengthen our thriving Community of partners, developers and customers, working together to find better ways to work and redefine business management software for everyone. With Vista’s support and track record of growing software companies, we believe we’re positioned to accelerate product development, deepen partner engagement and extend our impact.”
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“Acumatica is an ascendant, cloud-native ERP platform that has become a leading provider of mission-critical tools that enable small and mid-sized businesses to run more efficiently and effectively,” said Monti Saroya, co-head of Vista’s Flagship Fund and senior managing director. “With its industry-leading, strong partner ecosystem and growing presence in markets embracing cloud-based business technology, we believe Acumatica is well-positioned to lead the shift toward modern, integrated ERP solutions.”
“Acumatica has established a strong market position with differentiated, flexible and industry-specific ERP solutions as well as a uniquely dedicated channel of value-added resellers,” said John Stalder, managing director at Vista. “We’re excited to partner with Acumatica and its outstanding community of partners to drive continued growth and product innovation and to deliver even greater value to customers worldwide.”
Vista will acquire Acumatica from EQT, which will no longer be an investor in the company. Terms of the transaction were not disclosed.
Moelis & Company served as financial advisor to Acumatica. Simpson Thacher & Bartlett LLP acted as legal counsel to Acumatica, and Greenberg Traurig LLP served as legal counsel to Vista.
Source: Businesswire