Vista Equity Partners Acquires EngageSmart
The acquisition marks Vista Equity Partner’s vision and the EngageSmart team’s commitment to their customers who provide critical services for our communities.
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EngageSmart, Inc, a provider of vertically tailored customer engagement software and integrated payments solutions, today announced the completion of its acquisition by an affiliate of Vista Equity Partners, a lglobal investment firm focused exclusively on enterprise software, data and technology-enabled businesses, for $23.00 per share in cash, valuing the Company at approximately $4.0 billion. With the completion of the acquisition, EngageSmart’s common stock ceased trading and the company is no longer listed on the New York Stock Exchange.
Bob Bennett, EngageSmart CEO, said, “Completing our transaction with Vista marks the beginning of an exciting new chapter for EngageSmart as a privately held company. I’m confident that our customers and EngageSmart will benefit from the deep expertise of Vista and continued partnership with General Atlantic, two software and technology investors that are eager to help us build on our momentum to provide even more powerful, innovative and seamless solutions. I’d like to recognise the dedication and focus of our employees throughout this process. Our team delivers for customers every day, and there is no doubt that they will continue to help customers provide the highest adopting digital engagement software, with integrated payments, to their clients.”
Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior Managing Director, said, “EngageSmart’s success is based upon the Company’s demonstrated track record of innovation and product leadership. With our transaction now complete, we are eager to leverage our resources and value-creation expertise to support the Company’s next phase of growth. We look forward to partnering with their team to build on EngageSmart’s strong momentum and bolster its position as a leader in the vertical software and payments space.”
Jeff Wilson, Managing Director at Vista, said, “Vista seeks to partner with innovative founders and executives leading exceptional enterprise software companies. We share Bob’s vision and the EngageSmart team’s commitment to their customers who provide critical services for our communities.”
