Vista Equity Partners Completes Acquisition Of EngageSmart

 


EngageSmart, a prominent provider of customer engagement software and integrated payments solutions, has successfully completed its acquisition by an affiliate of Vista Equity Partners for $4.0 billion, valuing each share at $23.00 in cash. This strategic move led to the cessation of EngageSmart's common stock trading, and the company is now delisted from the New York Stock Exchange. CEO Bob Bennett expressed enthusiasm for the company's new journey as a privately held entity, anticipating customer benefits from Vista's expertise and continued collaboration with General Atlantic. Bennett acknowledged the dedication of EngageSmart's employees, emphasizing their role in delivering cutting-edge digital engagement software with integrated payments to clients.

Michael Fosnaugh, Co-Head of Vista’s Flagship Fund, emphasized EngageSmart's success rooted in a proven track record of innovation and product leadership. With the transaction now complete, Vista is eager to leverage resources and value creation expertise to support EngageSmart's next phase of growth. Fosnaugh looks forward to a partnership with EngageSmart's team, aiming to build on the company's strong momentum and solidify its position as a leader in the vertical software and payments space. Jeff Wilson, Managing Director at Vista, expressed Vista's commitment to partnering with innovative leaders like EngageSmart, sharing their vision and dedication to providing critical services for communities. The acquisition received unanimous approval from EngageSmart stockholders during the Special Meeting on January 23, 2024.

Read More - https://www.techdogs.com/tech-news/business-wire/vista-equity-partners-completes-acquisition-of-engagesmart

Comments

Post a Comment

Popular posts from this blog

Varun Srinivas Founder & CEO of Therix.ai and Co-Founder at Coditas on Building Real-World AI Solutions

Image
  In this episode of Discover Dialogues , Vikramsinh Ghatge, Sr. Marketing Director and Editor-in-Chief at TechDogs , sits down with Varun Srinivas, Founder & CEO of Therix.ai and Co-Founder at Coditas, to explore what it truly takes to turn AI prototypes into scalable, real-world solutions. Over the past decade, Varun has been at the forefront of transforming solid engineering principles into practical AI deployments. In this candid conversation, he breaks away from buzzwords and highlights how AI must be built with people, not just algorithms, at the center. The discussion kicks off with an eye-opening statement: “AI isn’t coming for your job—but someone using AI might.” Varun quickly dismantles the fear-driven narratives surrounding AI and instead urges leaders to focus on empowering teams, fostering experimentation, and applying disciplined engineering practices. One standout topic is the rise of “vibe coding”—the fast, intuitive, generative AI-driven approach to developme...
Read more

Education Technology Trends That Will Impact Your Business In 2025

Image
  Education has undergone a monumental transformation, driven by advancements in technology. The traditional classroom of decades past has evolved into a dynamic, tech-enabled environment designed to meet the diverse needs of today’s learners. As we step into 2025, emerging trends promise to reshape how knowledge is delivered, consumed, and retained. Let’s delve into the top five education technology trends that will define the future of learning. 1. Microlearning: Education in Bite-Sized Chunks In a world where attention spans are dwindling, microlearning has emerged as an innovative solution. By breaking down complex topics into short, focused lessons, microlearning caters to the fast-paced lifestyles of modern learners. These sessions, often lasting between two and five minutes, use interactive elements like videos, infographics, and quizzes to make learning engaging and efficient. A survey by the Association for Talent Development highlights that content delivered in small, rep...
Read more

Top 5 Marketing Automation Software Of 2025

Image
  Marketing has evolved significantly over the years, and staying ahead in this competitive landscape requires adopting tools that simplify and optimize processes. Marketing Automation Software offers businesses the capability to streamline operations, reduce manual errors, and enhance customer experiences. Here, we explore the top 5 marketing automation tools of 2025: Ortto, Constant Contact, Bloomreach, Omnisend, and HubSpot Marketing Hub. What Is Marketing Automation Software? Marketing Automation Software is designed to streamline repetitive tasks such as email campaigns, social media posting, lead management, and customer segmentation. These tools ensure consistency, save time, and improve efficiency. According to Nucleus Research, every dollar spent on marketing automation yields $5.44 over three years. This impressive ROI highlights the significance of integrating these tools into your marketing strategy. Tool 1: Ortto Founded in 2015, Ortto has grown into a comprehensive pl...
Read more