Harris Williams Advises Vista Equity Partners on its Pending Acquisition of Wrike

December 3, 2018

Harris Williams, a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces Vista Equity Partners (Vista) has signed a definitive agreement to complete a majority investment in Wrike, a leading SaaS-based collaborative work management platform. Harris Williams is serving as the exclusive advisor to Vista. The transaction is being led by Jeff Bistrong, Erik Szyndlar, Priyanka Naithani and Brian Titterington of Harris Williams’ Technology, Media & Telecom (TMT) Group.  

“Vista is one of the premier technology investors and has a proven track record of successful partnership with outstanding companies and management teams,” said Jeff Bistrong, a managing director at Harris Williams. “It has been a privilege to work with Vista on this transaction and we look forward to watching their partnership with the Wrike team further propel the company’s success.”

“Vista focuses on partnering with category-leading software businesses; we appreciate being a thought partner to their team in this transaction,” added Erik Szyndlar, a director at Harris Williams. “This transaction represents another demonstration of our domain expertise in the software sector.

Wrike is a leading SaaS-based collaborative work management platform that helps teams and organizations reach operational excellence. Wrike is used by more than 18,000 companies in 130 countries to transform their operations, enabling them to deliver products and services at scale in the on-demand economy. A leader in enterprise collaborative work management, Wrike was named one of the fastest growing companies in North America on Deloitte's Technology Fast 500™ List for the fourth consecutive year in 2018. Wrike has also earned best workplace awards from the San Francisco Business Times/Silicon Valley Business Journal and Bay Area News Group.

Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland and San Francisco with more than $44 billion in cumulative capital commitments. Vista exclusively invests in software, data and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize 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.

Harris Williams (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams’ TMT Group advises leading private and public companies, entrepreneurs, private equity firms and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the Software/SaaS and Internet & Digital Media segments, with particular emphasis on specific verticals including education technology, data analytics, energy technology, fintech, public sector, and supply chain/logistics—with a dedicated healthcare technology (HCIT) practice. Across verticals, the firm also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT Group’s section of the Harris Williams website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.