Quick Base to Receive Majority Investment from Vista Equity Partners
Partnership and Investment Will Spur Continued Acceleration of Growth
Quick Base, the leading SaaS platform for building powerful, integrated, customized business applications, announced it has signed a definitive agreement to receive a majority investment by Vista Equity Partners (“Vista”), a leading investment firm focused on software, data and technology-enabled businesses. Quick Base’s current investor, Welsh, Carson, Anderson & Stowe (“WCAS”), will retain a significant investment in the company.
Quick Base is a market leader in the customized application building space, with more than 5,400 customers, serving businesses of all sizes across every industry. Quick Base delivers a significant return on investment for customers, empowering users with the ability to create their own solutions that can streamline processes, track and analyze real-time data and create efficiencies in their own work and their company’s operations.
“At Quick Base, we are passionately pursuing a near limitless opportunity to disrupt and democratize IT and enterprise software,” said Rick Willett, CEO of Quick Base. “Every day we’re empowering people closest to the work to customize, automate and enhance their processes. Vista shares our vision and our passion, and we could not be more excited to partner with their team to further accelerate our growth.”
Business professionals, across all functions, use Quick Base to easily and quickly build business applications with no prior database, programming or development skills required. Through a highly secure platform, Quick Base easily integrates with existing systems and has the power to also be leveraged by sophisticated software developers.
“At its core, software is a tool that turns good ideas into scalable and actionable solutions,” said Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners. “By empowering every employee, no matter his or her technical background, to build applications that suit their business needs, Quick Base’s platform helps build a stronger workforce, and smarter workplaces.”
“We have taken great pride in helping Quick Base reach its current position at the top of the high productivity app development space,” said Mike Donovan, General Partner with WCAS. “We welcome Vista as a majority investor and we look forward to the experience and expertise that they bring to this partnership.”
Rothschild & Co served as the financial advisor to Quick Base, and Kirkland & Ellis served as legal advisor. Evercore served as the financial advisor to Vista and Greenberg Traurig served as legal advisor.