Vista Equity Partners LLC completed its $1.94 billion acquisition of cloud-based technology business management solutions provider Apptio Inc.
Vista acquired all outstanding shares of Apptio common stock for $38.00 per share. Sunny Gupta will remain CEO of Apptio, according to a Jan. 10 news release. The company will continue to independently operate as Apptio Inc. and will retain its Bellevue, Wash., headquarters.
Qatalyst Partners acted as Apptio's financial adviser, while Wilson Sonsini Goodrich & Rosati served as its legal adviser on the transaction. Kirkland & Ellis LLP acted as Vista's legal adviser.