EQT to sell Acumatica to Vista Equity Partners, following transformational growth journey

Whats Happening:

EQT VII fund has agreed to sell Acumatica, a cloud ERP and business management software provider, to Vista Equity Partners. Since EQT's initial investment in 2019, Acumatica has experienced significant growth, increasing its headcount by more than 3x and scaling revenue by 7x. The company now serves over 10,000 customers worldwide and has expanded its global reach, customer base, and product innovation capabilities.

Key Moves:

• EQT VII fund agrees to sell Acumatica to Vista Equity Partners

• Acumatica has increased headcount by more than 3x and scaled revenue by 7x since 2019

• The company has expanded its global reach, customer base, and product innovation capabilities

By The Numbers:

• Acumatica increased headcount by more than 3x since 2019

• The company scaled revenue by 7x since EQT's initial investment

• Acumatica now serves over 10,000 customers worldwide

Key Quotes:

• "Acumatica specializes in enabling small and mid-sized businesses to realize their unique growth ambitions," said John Case, CEO of Acumatica.

• "We are proud to have partnered with Acumatica's Board and management team to help shape the company's strategic direction and invest meaningfully across products and innovation, channel expansion and operational excellence," said Rob Maclean, Partner within EQT's Private Equity Advisory Team.

Bottom Line:

EQT's sale of Acumatica to Vista Equity Partners marks a significant milestone in the company's growth journey. Under EQT's ownership, Acumatica has transformed into a scaled, vertical business management platform, supported by investments in product innovation and ecosystem expansion. The transaction highlights EQT's ability to drive transformative value creation and enduring growth in its portfolio companies.

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