Vista Equity Partners, a private equity firm focused on enterprise software, data and technology-enabled businesses, has bought Jaggaer, an enterprise procurement and supplier collaboration software company, from Cinven.
Jaggaer provides source-to-pay and supplier collaboration software for direct and indirect procurement processes. The company’s AI-enabled services help optimize and automate sourcing, spend management, contracting, eProcurement, invoicing and supply chain visibility for a group of more than 1,400 customers.
“Jaggaer provides a mission-critical platform that enables its customers and partners to streamline global supply chain and procurement processes, lower costs and improve visibility,” says Michael Fosnaugh, co-head of Vista’s Flagship Fund and senior managing director. “Jaggaer’s products serve a large addressable market benefiting from durable growth tailwinds, including customers’ increasing desire to unify direct and indirect spend management and realize the benefits of AI.”