Granicus Has Been Acquired by Vista Equity Partners
About Granicus
- Granicus solutions include live webcasting of public meetings and video archival, complete agenda and legislative management software, tools for automating boards and commissions management processes, land and vitals records management, as well as in-meeting mobile solutions for elected officials and online feedback platforms for citizens
- Granicus helps more than 1,200 organizations and 63,000 government staff members streamline their workflows and establish more meaningful connections with citizens – online, over social networks and on mobile devices
- Granicus was founded in 1999 and is headquartered in Denver
- Granicus was a portfolio company of K1 Investment Management (“K1”), a leading private equity firm focused on investing in software and technology-enabled businesses
About Vista Equity Partners
- Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, has more than $26 billion in cumulative capital commitments and invests in software, data and technology-based organizations led by world-class management teams with long-term perspective
- Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential; this investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven management techniques that yield flexibility and opportunity in private equity investing
About K1 Investment Management
- K1 is an investment firm focusing on high-growth enterprise software companies across North America
- K1 seeks to help dynamic businesses achieve successful outcomes by identifying and executing organic and acquisition-based growth opportunities that position its companies as industry leaders; K1 typically invests alongside strong management teams that continue to guide their organizations on a day-to-day basis and at levels of ownership to meet the needs of entrepreneurs and managers
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This investment by Vista—the recognized leader in enabling some of the best and most impactful software solutions available today—validates the market leadership we’ve built to date and presents an exciting platform from which to leverage Vista’s immense intellectual capital and resources.
Jason Fletcher
CEO, Granicus
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We believe technology will play an increasingly important role both in enabling the legislative processes that keep our local communities, cities, and states running efficiently, as well as ensuring communication, openness, and transparency in the process. We anticipate accelerated investment to bring additional capabilities to Granicus’ market-leading product suite to serve the needs of our customers.
Brian Sheth
Co-Founder & President, Vista
Transaction Notes
- The pending majority investment in Granicus by Vista Equity Partners was announced on August 18, 2016
- Existing owner K1 Investment Management will retain a minority ownership stake in Granicus moving forward
- Shea & Company served as the exclusive financial advisor to Granicus and its owner, K1 Investment Management