Vista Equity to Acquire Majority Stake in Salesloft for $ 2.3 Billion – WSJ

Vista Equity Partners will acquire a controlling stake in Salesloft Inc., which values ​​the sales-assisting software company for $ 2.3 billion, the Wall Bourse Journal reported on Wednesday (https://www.wsj.com / articles / vista-equity-backs-salesloft-at-2-3-billion-valuation-11640217662? mod = latest_headlines), as the record year for private equity deals in the tech sector comes to an end.

The US-based investment firm aims to expand its reach to the Asia-Pacific region and plans to “triple” its investments in Europe, the Middle East and Africa, the report added, citing chief executive Kyle Porter.

The latest influx of funds will push the tech platform towards an initial public offering, according to the report.

Given the momentum given by the pandemic and the fact that people are choosing to work remotely, Salesloft exceeded $ 100 million in annual recurring revenue this summer, according to the report. The company counts among its customers Google, IBM and LinkedIn of Microsoft.

Salesloft and Vista did not immediately respond to requests for comment sent by Reuters outside of business hours. (Report by Shivani Tanna Bengaluru; edited by Vinay Dwivedi)