Vista, Francisco Partners Team with SmartBear
Vista Equity Partners has successfully closed their
investment in SmartBear, originally announced in October
With its investment, Vista joins Francisco Partners, a
global technology-focused investment firm, which acquired
SmartBear in 2017. Together, Vista and Francisco Partners
will partner with the SmartBear management team to
accelerate growth, promote innovation, and expand the
business in support of the rapidly growing DevOps market.
solutions include modern technologies around API lifecycle
management, test automation, test management, performance
optimization, and collaboration. These solutions are used by
leading organizations to enable the design, development, and
release of higher-quality software at scale.
“We are excited to use this investment to advance our
positive impact on software development teams everywhere,
who are migrating to quality-driven DevOps to increase their
competitive market positioning through reduced costs and
quicker time to market,” said Frank Roe, CEO of SmartBear.
“We completed 2020 with another record year of growth and
are thrilled with the support and partnership we now have
from Vista and Francisco Partners to broaden and strengthen
our product offerings and also identify continued organic
and inorganic growth opportunities.”