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Datto Parent Vista Equity Pursues SaaS Software Acquisitions

Vista Equity Partners has raised $850 million to pursue more technology acquisitions — with a heavy emphasis on SaaS (software as service) providers,  the private equity firm confirmed this week.

Vista has a growing reputation in and across the IT channel, particularly within the managed services provider (MSP) technology market. The private equity firm already owns Datto and LogicMonitor, for instance.

The new fund, meanwhile, focuses on “mission-critical, high-growth enterprise software, data and technology-enabled businesses with $10 million to $30 million in annual recurring revenue,” the private equity firm indicated.

Vista has plenty of company in the M&A market. Private equity firms are exploring numerous potential buys and sells in the technology market. Earlier this year, Vista rival Thoma Bravo confirmed a new $12.6 billion investment fund for that firm’s M&A pursuits. Rumors have swirled that Thoma Bravo also is preparing to potentially sell Continuum and may also IPO Dynatrace.

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