Investment signals new growth and innovation for ethics and compliance market leader
PORTLAND, Ore. – November 20, 2014 – NAVEX Global®, the leader in workplace ethics and compliance solutions, today announced that it has been acquired by private equity firm Vista Equity Partners (“Vista”). The transaction underpins NAVEX Global’s commitment to accelerate the expansion of its products and services as more businesses adopt SaaS-based solutions to manage increasing regulation and compliance requirements.
“With this transaction, NAVEX Global has entered an important new phase of growth that will significantly benefit our employees, our customers, and the ethics and compliance community at large,” said NAVEX Global President Bob Conlin. “There is a growing global demand for a scalable, tightly integrated portfolio of ethics and compliance solutions, and with Vista as our financial sponsor, we are well positioned to fuel our growth to meet that demand.”
“Companies around the world are fundamentally changing how they think about and invest in ethics and compliance,” said Shanti Atkins, Founder and Executive Chairman of NAVEX Global. “Beyond managing the inherent risk of accelerating regulation, litigation and enforcement, robust ethics and compliance programs empower organizations to build winning cultures, evolve from reactive to predictive decision-making, and improve bottom-line performance.”
Vista Equity Partners publicly announced its intent to purchase NAVEX Global on October 14. The financial terms of the deal have not been disclosed. With more than $14 billion in cumulative capital commitments, Vista is a leading private equity firm focused on investing in software, data and technology-enabled businesses.
“NAVEX Global is an exceptional company with a proven track record, strong brand equity, and tremendous opportunities for growth," said Robert F. Smith, Chairman and CEO of Vista. "We look forward to working with the team to serve its loyal customer base and to invest in product innovation that will enhance the company’s commitment to service excellence and business expansion."
Deutsche Bank and Piper Jaffray advised NAVEX Global on the transaction.
About NAVEX Global
NAVEX Global helps protect your people, reputation and bottom line through a comprehensive suite of ethics and compliance software, content and services. The trusted global experts for more than 8,000 clients, our solutions are informed by the largest ethics and compliance community in the world. More information can be found at www.navexglobal.com. Learn more about NAVEX Global by following us online: @NAVEXGlobal, LinkedIn, Facebook, and SlideShare.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with more than $14 billion in cumulative capital commitments, currently invests in dynamic, successful software, data and technology-enabled 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. Vista's 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. For more information, please visit www.vistaequitypartners.com.