On May 29, Acumatica announced it has signed a definitive agreement to be acquired by Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses.

This is an important moment for Acumatica, and it validates our success and sustained growth, our innovative AI-first product strategy, and our customer-centric culture.

As Acumatica CEO John Case noted in the announcement press release, “Our partnership with Vista not only marks a significant milestone in Acumatica’s history but also is a strong endorsement of the real-world value we deliver to the market and our customers.”

With Vista’s outstanding reputation for building up companies, Acumatica is primed for accelerated growth and will continue to invest in its product and its partner ecosystem.  You will see more from Acumatica in terms of great product innovations, AI-enabled capabilities, and delivering more for our customers. In the press release, John added that “Vista’s investment can help power our AI-first product strategy and further strengthen our thriving Community of partners, developers and customers, working together to find better ways to work and redefine business management software for everyone. With Vista’s support and track record of growing software companies, we believe we’re positioned to accelerate product development, deepen partner engagement, and extend our impact.”

Vista sees a great deal of promise and potential in this investment as well. As Monti Saroya, Co-Head of Vista’s Flagship Fund and Senior Managing Director, put it, “Acumatica is an ascendant, cloud-native ERP platform that has become a leading provider of mission-critical tools that enable small and mid-sized businesses to run more efficiently and effectively.”

Noting the strength of Acumatica’s partner community, Monti Saroya went on to say, “With its industry-leading, strong partner ecosystem and growing presence in markets embracing cloud-based business technology, we believe Acumatica is well-positioned to lead the shift toward modern, integrated ERP solutions.”

John Stalder, managing director at Vista, commented on how well positioned Acumatica is for future growth. “Acumatica has established a strong market position with differentiated, flexible, and industry-specific ERP solutions as well as a uniquely dedicated channel of value-added resellers. We’re excited to partner with Acumatica and its outstanding community of partners to drive continued growth and product innovation and to deliver even greater value to customers worldwide.”

We’re excited as well to be part of the Vista family. The deal is expected to close in the coming weeks, and we look forward to continued growth and serving our customers as we enter this next exciting phase of the company’s history.