Today we’re announcing something incredibly exciting for all Quickbase customers, employees, and partners. Currently targeted for April 2, 2019, Vista Equity Partners (Vista) will become the majority owner of Quickbase, bringing a wealth of strategic investment and expertise to the fast-growing world of no-code application development.
“At Quickbase, we are passionately pursuing a near limitless opportunity to disrupt and democratize IT and enterprise software,” said Rick Willett, CEO of Quickbase. “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.”
Willett and the rest of the Quickbase leadership team will continue in their roles. Former majority owner Welsh Carson Anderson & Stowe (WCAS) will retain a significant stake in the company.
What it Means for Customers
With a strong senior leadership team and increased investment from Vista, Quickbase is well-positioned to grow faster and support customers better than ever. Vista exclusively invests in software, data, and technology-enabled organizations led by world-class management teams. This gives Quickbase fast access to expertise and support from a vast network of high-performing leaders. Additionally, Vista is a value-added investor with a long-term perspective, with a strong track record of helping companies in its portfolio accelerate product development and service innovation.
This agreement will help Quickbase:
- Accelerate product development, bringing new features to market even faster
- Scale our sales and customer success teams to better serve our customers
- Make Quickbase a household name via brand awareness campaigns
“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, Quickbase’s platform helps build a stronger workforce, and smarter workplaces.”
This agreement means Quickbase can continue to pursue a growth strategy based on delivering exceptional value and support to our customers. We’re thrilled to partner with Vista on the next chapter for Quickbase, and look forward to driving even more innovation in the future.