Vista Equity Partners Announces Departure of President Brian N. Sheth

Vista Equity Partners, a leading technology investment firm, announced that Brian N. Sheth has resigned as President and will depart the firm effective immediately. Since joining the firm as a Vice President in 2000, he has played a principal role in the development of Vista’s global enterprise software investment platform now with over $73 billion of assets under management.

Mr. Sheth played a leading role in key portfolio company acquisitions, team development and sales which generated market-leading performance and returns for Vista’s investors. He was promoted to President and awarded the title of Co-Founder in 2010, playing an integral role alongside Vista’s Founder, Chairman and CEO Robert F. Smith in evolving Vista to become a leading institutional firm. Responsible for building and managing the investment team, Mr. Sheth championed Vista’s founder-friendly philosophy and evangelized Mr. Smith’s brand of core leadership principles to empower the Vista team to deliver enduring market value to portfolio companies and investments. He was integral to building and developing a dedicated force of talented portfolio company CEOs and Vista investment team members that further positioned Vista as best in its class.

Recommended AI News: Agora Brands Group Announces Dale Seavey as Chief Technology Officer

“I am truly grateful to Robert for my being afforded the opportunity to do transformational work so early in my career. The image Robert stands for as a diverse leader, and the values of excellence and inclusion that are in the DNA of Vista’s culture, led to more than I dreamed was possible growing up in a half-Indian, half-Irish family in a working-class community. As a team we achieved significant success while doubling down on innovation, growth and operational excellence in a sector that was largely overlooked and undervalued,” said Brian N. Sheth. “The partnerships built with investors, team members, founders, and CEOs of our portfolio companies and our teamwork together inspired me greatly. The duty of protecting and growing our investor’s assets is a responsibility that I don’t take lightly. I appreciate Vista working with me to structure my departure in a way that prioritizes protecting investors, advancing the firm, rewarding the team, and ensuring core philanthropic priorities will be strongly positioned to continue forward into the future. As I continue my journey as an investor, business leader and philanthropist, I will always take great pride in what we all achieved together. I am excited to see what the next generation of investors at Vista will accomplish to evolve Vista long into the future.”

“Over 20 years ago when I founded Vista, I recruited Brian and we began to invest in enterprise software, data and technology-enabled businesses and advance the transformational power of technology. Through the years, in partnership with Brian and our other Managing Directors, Vista has systematically scaled to deliver consistently strong results to all our stakeholders with a disciplined approach to investing, now supported by the breadth and depth of expertise from more than 45 Managing Directors and over 450 employees who manage and advance all areas of our business,” said Robert F. Smith, Vista’s Founder, Chairman and CEO. “I want to thank Brian for his partnership and contributions to Vista’s success – from working together to build an engineered solution to private equity, to establishing a standard of excellence across the Vista ecosystem. On behalf of the Vista family, we wish him the very best in his future endeavors.”

Recommended AI News: Blackbaud Announces Expanded Relationship with the Salvation Army Australia

Since inception, Vista’s private equity and permanent capital investment strategies have completed over 465 enterprise software and technology transactions across horizontal and vertical end markets with an aggregate value in excess of $155 billion, deploying over $38 billion of capital and returning more than $31 billion to its investors, inclusive of signed deals. The Firm’s current private equity funds span the investment lifecycle – from the earlier growth market and lower-middle market through large cap enterprises – and are complemented by permanent capital, credit and public equity vehicles.

Recommended AI News: IMS Announces CloudVue and Integration with Microsoft’s Medical Imaging Server for DICOM