BOTELL, Wash. — EagleView Technology Corporation has announced that it’s entered into a definitive agreement to be acquired by Vista Equity Partners, a leading private-equity firm focused on software, data and technology-enabled businesses.
EagleView is the market leader in aerial imagery, utilizing a vast image library and patented 3-D measurement software to deliver solutions to the insurance, construction, solar, government and public-utility sectors. Under Vista’s ownership, EagleView will enter a new phase of growth, which will leverage EagleView’s proprietary dataset and analytics to create new product offerings and address underpenetrated verticals.
“We are very pleased to be partnering with Vista,” said Chris Barrow, president and CEO of EagleView. “Vista’s investment and professional support provides us with a significant opportunity to continue delivering exceptional products to our more than 40,000 customers as we accelerate growth into new, emerging markets.”
Vista is a leading private-equity firm with more than $14 billion in cumulative capital commitments, focused on investments in software, data and technology-enabled companies. Vista has an extensive track record of successful transactions, helping companies achieve operational, product and customer service excellence by contributing professional expertise and proven best practices.
“We see tremendous value and opportunity in EagleView’s ability to capture high-resolution imagery, and extract big data and deliver it to a wide range of industries and customers using very progressive technologies,” said Robert F. Smith, chairman and CEO of Vista Equity Partners. “The EagleView growth story is impressive, and we look forward to working with the executive team and company overall to take the organization to the next level.”
The transaction is expected to close later this year. Financial terms have not been disclosed. William Blair & Company LLC acted as the exclusive financial advisor to EagleView in the transaction.
For more information, visit www.eagleview.com.