Vista Equity Partners is the New Owner of Quick Base
On January 14, Quick Base officially announced that Vista Equity Partners would become the majority owner of the company, overtaking Welsh, Carson, Anderson & Stowe (WCAS) who will retain a minority stake.
Vista, headed by CEO Robert F. Smith, is an investment firm with offices in Chicago, New York, Austin, San Francisco and Oakland. They focus their investments in software and technology companies.
With over $15 billion in revenue, Vista has become the fourth largest enterprise software company in the world and has been mentioned by Forbes to be the fastest growing private equity firm in the United States.
What does this mean for customers, developers, and the future of Quick Base?
Over the past couple months, Quick Base has announced major releases and updates to its product line, including the new mobile application. Having a reputed investor that has tremendous experience in the tech industry will bolster innovative ideas with the companies management and we should expect to see more exciting launches in the upcoming year.
Furthermore, with the new investment, Quick Base can continue to self fund its growth and expand its customer service teams and market presence. Quick Base is seeking to make itself a household name in the software space and no doubt its brand will receive a boost from the newfound partnership.
Quick Base’s CEO, Rick Willett, stated, “Every day we’re empowering people closest to the work to customize, automate and enhance their processes. Vista shares our vision and our passion, and we could not be more excited to partner with their team to further accelerate our growth.”
The news bodes well for the growth of the company and its development partners and we should see accelerated market releases of updates in the upcoming year.
To learn about other Quick Base releases, check out the release of its new mobile application.
- Author: Mohammed Mostafa (firstname.lastname@example.org)
- Date Submitted: 1/17/2019