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East Greenbush, N.Y. – Autotask Corporation, the world’s leading provider of hosted IT business management software, announced today that it has entered into an agreement to be acquired by Vista Equity Partners (“Vista”), a leading private equity firm with approximately $11.5 billion in cumulative capital commitments in software, data and technology-enabled services companies.
Founded in 2001 and headquartered in East Greenbush, N.Y., Autotask provides comprehensive, integrated IT business management software and solutions that enable service providers to manage their front, mid and back office through better organization, automation and optimization of business processes.
As businesses continue to invest in and rely on IT services to keep operations efficient, Autotask’s solutions drive accountability of key business metrics and help customers drive revenue and achieve greater profitability by empowering them to make data-informed, fact-based decisions.
“This announcement reflects our deep commitment to accelerate the value we deliver to our customers,” said Mark Cattini, President and CEO of Autotask. “We are devoted to our clients’ ongoing success and are confident that our partnership with Vista will drive innovation and growth and deliver dynamic solutions as the traditional IT landscape evolves.”
“Autotask has a long history of dedicating itself to customer-centric solutions and has built a strong foundation for sustained, long-term growth,” said Alan Cline, Principal at Vista Equity Partners. “We are very pleased to be working with the Autotask team to expand and enhance the company’s solutions to help IT service providers more efficiently and effectively meet their clients’ changing needs.”
Jefferies LLC acted as financial advisor to Autotask. The transaction is expected to close this summer and financial terms have not been disclosed.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based private equity firm with offices in San Francisco, Chicago and Austin, currently invests approximately $11.5 billion in cumulative capital commitments in dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information, please visit www.vistaequitypartners.com.
About Autotask CorporationAutotask Corporation helps IT organizations worldwide work smarter with a complete, cloud-based IT business management platform that enables efficiency, accountability and access to the metrics that drive intelligent business decisions. With built-in best practices and workflow automation, Autotask speeds time to revenue while continually improving service delivery. Autotask is available in seven languages and used in over 90 countries. Headquartered in New York, Autotask has offices in Beijing, Chicago, Dallas, London, Los Angeles, Munich and Sydney. Visit autotask.com for more information.
Autotask® is a registered trademark of Autotask Corporation. All other trademarks mentioned in this document are the property of their respective owners.
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