Printer Friendly

Vista Equity Partners Closes USD 1.94bn Acquisition of Apptio.

M2 EQUITYBITES-January 16, 2019-Vista Equity Partners Closes USD 1.94bn Acquisition of Apptio

(C)2019 M2 COMMUNICATIONS http://www.m2.com

16 January 2019 - US-based investment firm Vista Equity Partners has closed its acquisition of US-based hybrid IT business management system provider Apptio, Inc. (NASDAQ: APTI), the firm said.

Under the terms of the agreement, Vista acquired all outstanding shares of Apptio common stock for a total value of approximately USD 1.94bn.

Apptio shareholders will receive USD 38.00 in cash per share, representing a 53% premium to the unaffected closing price as of November 9, 2018.

Apptio's headquarters will remain in Bellevue, with regional offices across the US, EMEA and APAC.

Apptio offers cloud-based applications.

Vista Equity Partners is a US-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland with more than USD 43bn in cumulative capital commitments.

The firm exclusively invests in software, data and technology-enabled organisations.

As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realise their full potential.

Qatalyst Partners is serving as the exclusive financial advisor to Apptio and Wilson Sonsini Goodrich and Rosati is serving as legal advisor to Apptio. Vista's legal advisor is Kirkland and Ellis LLP.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Jan 16, 2019
Words:218
Previous Article:Western Dental Completes Conversions of 23 Acquired Pediatric Offices to Western Dental Kids.
Next Article:Thomas Jefferson University, Temple University Enter Exclusive Talks.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |