SmartBear Announces Investment from Vista Equity Partners
Summary
SOMERVILLE, Mass.--(BUSINESS WIRE)--SmartBear, a leading provider of software development and quality tools, announced today that it has secured a significant investment from Vista Equity Partners (“Vista”), a leading global investment firm focused on enterprise software, data and technology-enabled businesses. “Having the significant backing of two leading PE firms demonstrates the tremendous track record our products and employees have delivered so far, as well as the growth and demand in our markets. As every company is rapidly transforming to digital-first, we’re seeing a dramatically increasing demand for SmartBear solutions from developers, testers and entire organizations focused on consistently delivering high-quality software at the speed that business demands.” SmartBear solutions span the entire software delivery lifecycle and enable organizations to reduce costs and accelerate time to market. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity.
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