TCV and KKR also Participate as New
Investors
BOSTON, July 9, 2024 /PRNewswire/ -- Nasuni, a
leading enterprise data platform for modern hybrid cloud
environments, today announced a strategic growth investment led by
Vista Equity Partners, a global investment firm focused exclusively
on enterprise software, data, and technology-enabled businesses.
Vista will be joined by TCV and KKR in the new investment,
which values Nasuni at approximately $1.2
billion.
The investment will build on Nasuni's strong
momentum disrupting the legacy storage industry to further
accelerate product innovation and commercial expansion in the
global hybrid cloud market. Further terms of the transaction were
not disclosed.
"At Nasuni, we care first and foremost about the success of our
customers, partners, and employees," said Paul Flanagan, CEO of Nasuni. "We are maniacal
about our commitment to delivering quality in every aspect of our
business and interaction with our customers. This investment and
our strategic partnership with Vista, TCV, and KKR will allow us to
build upon that commitment, scale with purpose and continue to
innovate as we look to take Nasuni to the next level."
Nasuni's success to-date includes award winning technology, top
decile customer retention rates, industry leading NPS scores, and a
consistent 30% growth rate in a market that is rapidly expanding
with the advent of hybrid cloud and AI. Nasuni's data platform is
used by over 850 companies spanning 70 countries, and is in use by
some of the largest enterprises in the manufacturing, consumer
goods, and energy industries.
"Nasuni's platform offers a highly differentiated approach to
consolidating, protecting, and managing data at scale with
performance that is critical to supporting AI applications and
other high-volume data use-cases," said Martin Taylor, Co-Head of Vista's Foundation
Fund and Senior Managing Director. "We are thrilled to partner with
the Nasuni team as they work to help businesses optimize their
expanding and complex data needs with solutions that are fast,
secure, and highly cost-effective."
BofA Securities served as the exclusive financial advisor and
Goodwin Proctor LLP served as legal advisor to
Nasuni. Kirkland & Ellis LLP served as legal counsel to
Vista and TCV. KKR is making the investment through its Next
Generation Technology III Fund.
About Nasuni
Nasuni is a scalable data platform for enterprises facing an
explosion of unstructured data in an AI world.
The Nasuni File Data Platform delivers effortless scale in
hybrid cloud environments, enables control at the network edge, and
meets the modern enterprise expectation for insight- and AI-ready
data. It simplifies file data management while increasing storage
access and performance. Its best-in-class file recovery protects
customers against a range of cyber threats and eliminates the need
for specialized backup and disaster recovery – all while cutting
the cost of infrastructure by up to 65%.
Organizations worldwide rely on Nasuni, spanning across the
manufacturing, construction, energy, consumer goods, and public
sectors. Nasuni's corporate headquarters is in Boston, Massachusetts, and the company
delivers services to over 70 countries. For more information, visit
www.nasuni.com.
About Vista Equity Partners
Vista is a leading global investment firm with more than
$100 billion in assets under
management as of December 31, 2023.
The firm exclusively invests in enterprise software, data and
technology-enabled organizations across private equity, permanent
capital, credit and public equity strategies, bringing an approach
that prioritizes creating enduring market value for the benefit of
its global ecosystem of investors, companies, customers and
employees. Vista's investments are anchored by a sizable long-term
capital base, experience in structuring technology-oriented
transactions and proven, flexible management techniques that drive
sustainable growth. Vista believes the transformative power of
technology is the key to an even better future – a healthier
planet, a smarter economy, a diverse and inclusive community and a
broader path to prosperity. Further information is available
at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista
Equity Partners, and on X, @Vista_Equity.
About TCV
For nearly thirty years, TCV has partnered with global,
category-defining, technology companies as a leading growth equity
investor. Leveraging its deep industry expertise and strategic
resources, TCV's mission is to provide long-term capital and
support to high-quality management teams across their growth
journey. Since its founding in 1995, TCV has invested over
$20 billion in more than 350
technology companies worldwide and has supported over 150 IPOs and
strategic acquisitions, making it one of the most active technology
investors. Select investments include Airbnb, AxiomSL, Built, CCC
Intelligent Solutions, Celonis, Clio, Cradlepoint, ETQ,
ExactTarget, Expedia, Facebook, Fandango, Genesys Software,
GoDaddy, GoFundMe, HomeAway, Miro, Netflix, Nubank,
OneSourceVirtual, Prodege, Qonto, Relex, Revolut, SilverPeak,
Splunk, Sportradar, Spotify, Toast, Twillio, and Zillow. TCV has a
global presence in Menlo Park, New
York, London and
Melbourne. For more information on
TCV and its investments, visit tcv.com.
About KKR
KKR is a leading global investment firm that
offers alternative asset management as well as capital markets and
insurance solutions. KKR aims to generate attractive investment
returns by following a patient and disciplined investment approach,
employing worldclass people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR's insurance subsidiaries
offer retirement, life and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR's
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com.
For additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group's website at
www.globalatlantic.com.
Media Contacts
Nasuni
Kristin
Concannon
kconcannon@nasuni.com
617-416-2873
Vista Equity Partners
Brian W.
Steel
media@vistaequitypartners.com
212-804-9170
TCV
marketing@tcv.com
KKR
Liidia Liuksila
media@kkr.com
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