Latest news with #Acumatica
Geek Wire
3 days ago
- Business
- Geek Wire
Acumatica CEO on the secret sauce behind company's growth — and its next chapter with Vista
Acumatica CEO John Case. (Acumatica Photo) Make the software easy to use. Find key partners to drive sales. Lean on a community of users to help improve your product. Those are some of the ingredients fueling growth at Acumatica, the Bellevue, Wash.-based enterprise software giant that will be acquired by Vista Equity Partners in a deal announced Thursday. Founded in 2008, the company has grown steadily since it was acquired by EQT Partners in 2019. EQT generated a 5X multiple on its invested capital, according to Bloomberg, which reported that the new deal with Vista values Acumatica at about $2 billion. Acumatica specializes in enterprise resource planning, or ERP. Its software is used for accounting, inventory tracking, supply chain operations, and more. The company targets mid-market customers — businesses with 25-to-1,000 employees — across an array of industries. 'Tens of thousands of companies fit that description and they're hunting for new digital technology to run their business,' said Acumatica CEO John Case. The ongoing AI boom is a tailwind for Acumatica, which has introduced a range of automation capabilities to help speed up data extraction, demand forecasting, business workflows, and more. 'The mid-market customer, they don't have big AI teams,' Case said. 'They're looking to buy systems and run on systems that are going to benefit from that technology in a very pragmatic way.' Acumatica has carved market share in a competitive sector that includes Microsoft, Oracle, and other ERP vendors — but it differentiates by focusing specifically on mid-market. Case, who joined as CEO in 2022, pointed to three aspects of the company's business that has helped drive growth. Platform architecture: Since its inception, the company built software with easy integration capabilities and configuration, Case said. 'We do all this extra work to make the platform incredibly functional for the average customer,' he said. Since its inception, the company built software with easy integration capabilities and configuration, Case said. 'We do all this extra work to make the platform incredibly functional for the average customer,' he said. Go-to-market model: Acumatica works with hundreds of partners in a reseller network that help with implementation and in-person service. 'That channel is incredibly hard to build and replicate,' Case said. Acumatica works with hundreds of partners in a reseller network that help with implementation and in-person service. 'That channel is incredibly hard to build and replicate,' Case said. Community engagement: The company has more than 30,000 active members in its community that vote on potential new features. 'They want us to build the product that they want to use,' Case said. 'That is a really helpful virtuous cycle that helps shape our future — and insulate us from some of the challenges other businesses might have.' Case said Acumatica talked to a number of private equity firms over the past several months. 'Vista was most convicted about our business model and how we go to market,' he said, adding: 'This is a growth story. They're wanting to fuel and accelerate that growth.' The company plans to boost headcount and reach about 750 employees globally this quarter. About 10% of its workforce is based in the Pacific Northwest. Acumatica moved its headquarters to the Seattle region from the Washington, D.C., area in 2012. It opened a new HQ in Bellevue last year. Vista, an Austin, Texas-based firm with more than $100 billion in assets, recently acquired Bellevue-based enterprise software company Smartsheet in an $8.4 billion deal with Blackstone. Vista also acquired other Seattle-area tech companies including IT cost analysis software firm Apptio in 2019 (Apptio sold to IBM in 2023) and tax software giant Avalara in 2022.
Geek Wire
3 days ago
- Business
- Geek Wire
Vista Equity Partners to acquire Acumatica in latest Seattle-area enterprise software deal
Acumatica's lobby at its Bellevue-area headquarters. (Acumatica Photo) Vista Equity Partners is swooping up another Seattle-area enterprise software player. The private equity firm announced Thursday that it will acquire Acumatica, which specializes in cloud-based enterprise resource planning (ERP) technology. Terms of the deal were not disclosed. Founded in 2008, Acumatica helps companies automate processes including financial management, payroll, CRM, and more. It sells to various industries and sectors, and competes against tech giants including Microsoft, Oracle, and SAP, among others. Private equity firm EQT Partners acquired Acumatica in 2019. Vista said EQT will no longer be an investor in the company. Bloomberg, which reported on the deal Wednesday, said that acquisition could value Acumatica at $2 billion. Acumatica is led by John Case, the former CEO of Unify Square. Case took over in 2022, replacing Jon Roskill, who moved into an advisory role with EQT. '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,' Case said in a statement. Acumatica moved its headquarters to the Seattle region from the Washington, D.C., area in 2012. It opened a new HQ in Bellevue, Wash., last year. It employs almost 700 people worldwide, according to LinkedIn, which is up from 265 employees in 2019. Vista, an Austin, Texas-based firm with more than $100 billion in assets, recently acquired Bellevue, Wash.-based enterprise software giant Smartsheet in an $8.4 billion deal with Blackstone. Vista also acquired other publicly traded Seattle-area tech companies including IT cost analysis software firm Apptio in 2019 (Apptio sold to IBM in 2023) and tax software giant Avalara in 2022.
Bloomberg
3 days ago
- Business
- Bloomberg
Buyout Firm Vista to Acquire EQT's Acumatica in $2 Billion Deal
Vista Equity Partners agreed to acquire Acumatica Inc., a software company that helps businesses streamline workflows. Vista is buying the Bellvue, Washington-based firm from private equity firm EQT AB, according to a statement Thursday that confirmed an earlier Bloomberg News report. Financial terms weren't disclosed. The deal values Acumatica at about $2 billion including debt, people familiar with the matter said.
Business Wire
3 days ago
- Business
- Business Wire
Acumatica to be Acquired by Vista Equity Partners
BELLEVUE, Wash.--(BUSINESS WIRE)-- Acumatica, a leading provider of cloud ERP solutions for small and mid-sized businesses, today announced it has signed a definitive agreement to be acquired by Vista Equity Partners ('Vista'), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses. "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." 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.' '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. About Acumatica Acumatica Cloud ERP is a comprehensive business management solution that was born in the cloud and built for more connected, collaborative ways of working. Designed explicitly to enable small and mid-market companies to thrive in today's digital economy, Acumatica's flexible solution, customer-friendly business practices and industry-specific functionality help growing businesses adapt to fast-moving markets and take control of their future. For more information, visit or follow us on LinkedIn. About Vista Equity Partners Vista is a global technology investor that specializes in enterprise software. Vista's private market strategies seek to deliver differentiated returns through a proprietary and systematic approach to value creation developed and refined over the course of 25 years and 600+ transactions. Today, Vista manages a diversified portfolio of software companies that provide mission-critical solutions to millions of customers around the world. As of December 31, 2024, Vista had more than $100 billion in assets under management. Further information is available at Follow Vista on LinkedIn, @ Vista Equity Partners, and on X, @ Vista_Equity.
Bloomberg
4 days ago
- Business
- Bloomberg
Buyout Firm Vista Nears $2 Billion Deal for Software Maker Acumatica
Vista Equity Partners is in advanced talks to acquire Acumatica Inc., a software company that helps businesses streamline workflow, according to people with knowledge of the matter. Vista is in discussions with Acumatica's owner, EQT AB, about a transaction that could value the Bellevue, Washington-based firm at $2 billion including debt, said the people.
