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Vista Equity to acquire majority stake in open digital platform provider Acquia

Vista Equity Partners LLC agreed to make a majority investment in open digital experience company Acquia Inc.

Bloomberg News reported, citing people with knowledge of the matter, that the deal values Acquia at almost $1 billion, including debt.

The investment would help accelerate Acquia's growth. Acquia will stay independent, and several of its existing investors will keep a stake in the business.

The transaction is slated to close in the coming weeks, pending regulatory approvals and other customary conditions.

Goldman Sachs & Co. LLC acted as the exclusive financial adviser to Acquia, and Goodwin Procter served as the company's legal adviser. Kirkland & Ellis served as legal adviser to Vista.