Vista Equity Partners, a global investment firm concentrated on enterprise software, data and technology-enabled businesses, has invested in BetterCloud, an SaaS management platform provider. Existing investors Accel, Bain Capital Ventures, and Warburg Pincus will continue as minority investors in
The deal will allow BetterCloud to accelerate growth and product innovation while expanding into new geographic markets and continue developing best-in-class capabilities for its customer base. BetterCloud works to help IT teams manage their SaaS application stack.
“From day one, we’ve been laser focused on enabling companies to adopt best-in-breed SaaS applications in a secure and scalable way,” said David Politis, CEO, BetterCloud. “This investment is a major milestone in that journey, and one that will allow us to continue to define and lead the SaaS Management category now and in the future. Vista is the perfect partner for BetterCloud given their tremendous experience and track record of investing in the best SaaS companies in the world, and their keen understanding of the value behind SaaS management. Together, we will continue to deliver on the promise of ‘zero touch’ SaaS management and elevate the role of IT in enterprises around the world.”