In January 2019, Quickbase signed a definitive agreement to receive a majority investment by Vista Equity Partners (Vista), a leading global investment firm. Vista’s support will enable Quickbase to accelerate product development, scale customer success capabilities and achieve operational excellence. The partnership with Vista will empower Quickbase to focus on long-term, sustainable growth.
An exciting venture for both companies, Vista is aligned with Quickbase’s mission to help companies achieve operational agility — to be more responsive to customers, more engaging to employees and as adaptable as possible to what’s next.
Former Quickbase CEO Rick Willett has said of the partnership, “At Quickbase, we are passionately pursuing a near limitless opportunity to disrupt and democratize IT and enterprise software. 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.”
Vista’s Founder, Chairman and CEO, Robert F. Smith, believes the partnership will empower Quickbase to continue its success, saying, “At its core, software is a tool that turns good ideas into scalable and actionable solutions. By empowering every employee, no matter his or her technical background, to build applications that suit their business needs, Quickbase’s platform helps build a stronger workforce and smarter workplaces.”
Vista exclusively invests in enterprise software, data and technology-enabled businesses. The investment firm provides its network of companies with technological expertise, operational guidance and capital for sustainable growth.
Vista was founded in 2000 by engineer and technologist Robert F. Smith, who serves as the firm’s Chairman and CEO. Vista’s portfolio of enterprise software companies provides business leaders with access to an invaluable network of peers and encourages collaboration and knowledge sharing across its global ecosystem. Vista’s mission is to empower businesses to drive positive change, innovation and growth in the markets and communities they serve.
The firm has shown continuous support for technology and financial literacy organizations such as Code.org. Vista has created and facilitated “Hour of Code” events throughout Austin, Texas, to teach children the basics of computer coding. Vista is also committed to increasing diversity in the asset management industry. Through partnerships with organizations like Girls Who Invest and KIPP, Vista offers internships to candidates traditionally underrepresented in the industry.
To learn more about the partnership, read the company announcement published on the Quickbase Blog.
Quickbase has a bold, exciting vision that our software can radically disrupt how businesses and organizations of all sizes work more effectively and better serve their customers, employees, and partners. Vista shares that vision and excitement. We are thrilled to partner with Vista, as a proven leader, in order to dramatically accelerate on this vision.
We expect our product roadmap to accelerate. Over the last 18 months, Quickbase has revamped our product organization, and this has resulted in a significant impact in delivering customer-focused innovation and value. This announcement will help us deliver even more innovation and value across our entire spectrum of customers.
No. You will continue to receive the outstanding service and support that you have come to expect from our Customer Success and Customer Care teams
No changes are occurring here—you continue to engage with your existing customer success and/or care representatives. With significant investments being made in these areas, you should see continuous improvement.
Welsh, Carson, Anderson, and Stowe, former majority owner, is excited about our vision and progress, and they will remain a meaningful shareholder in our road ahead.