Vista Equity Partners Buys Procurement Software Firm Jaggaer

Vista Equity Partners Acquires JAGGAER

Global Investment Firm Strengthens Portfolio with Procurement Platform

Press Release - August 13, 2024 - AUSTIN, Texas

Vista Equity Partners ("Vista"), a leading global investment firm focused on empowering technology-enabled businesses, today announced that it has acquired JAGGAER, a provider of enterprise procurement software and services. The acquisition will accelerate JAGGAER's growth and enable the company to continue providing innovative solutions to its customers. "We are thrilled to welcome JAGGAER to the Vista family," said Robert F. Smith, Founder, Chairman, and CEO of Vista. "JAGGAER's best-in-class software and services have made it a leader in the procurement market. We look forward to working with the team to support their continued success and innovation." JAGGAER's proprietary software-as-a-service (SaaS) platform is a market-leading solution that helps organizations optimize their procurement processes, drive cost savings, and improve compliance. The platform offers a comprehensive suite of features, including spend management, supplier management, contract management, and analytics. "Joining Vista is a transformative opportunity for JAGGAER," said Jim Liefer, CEO of JAGGAER. "Vista's deep understanding of the technology landscape and its commitment to building successful businesses will be invaluable as we continue to grow and evolve our platform." The acquisition of JAGGAER is a strategic move for Vista, which has a long history of investing in and supporting technology companies. The firm's global reach and resources will enable JAGGAER to expand its market presence and accelerate its product development efforts. JAGGAER will continue to operate as an independent company, with Jim Liefer remaining as CEO. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions. Financial terms of the transaction were not disclosed.