PE-backed Omnitracs agrees to buy XRS Corp

Omnitracs, a portfolio company of Vista Equity Partners, said Monday that it has agreed to acquire XRS Corp for $178 million in equity or $5.60 per share. The deal is expected to close in the fourth quarter of this year. Jefferies served as financial advisor to Omnitracs while William Blair was financial advisor to XRS Corp. Royal Bank of Canada, Credit Suisse and Guggenheim are providing financing for the deal. Based in Eden Prairie, Minnesota, XRS is a provider of mobile fleet optimization software.

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Top 10 posts: private equity

Trending this week in private equity: CEO of PE-backed Centerplate under pressure to resign after allegedly hurting dog, Kelso offers sweet terms on latest fund, and LPs struggle to navigate most crowded fundraising environment ever.


Skillsoft Corp. to buy SumTotal from Vista

Skillsoft Corp. has agreed to acquire SumTotal from Vista Equity Partners. No financial terms were disclosed. As a result of the transaction, Vista wil retain a “small” ownership stake in the combined company. Deutsche Bank Securities was financial advisor to Skillsoft on the deal while Evercore advised Vista. SumTotal is a provider of integrated HR solutions.


Vista Equity Partners acquires AGDATA from SFW

SFW has completed its sale of AGDATA to Vista Equity Partners. No financial terms were disclosed. Lazard Middle Market was financial advisor on the transaction. Based in Charlotte, North Carolina, AGDATA is a provider of analytical tools and related services.


Vista Equity Partners agrees to buy Social Solutions

Vista Equity Partners has agreed to acquire Social Solutions, which provides performance management software for social services. Houlihan Lokey worked as financial advisor to Social Solutions. The deal is expected to close this summer.


PE-backed Taxware merges with Convey Compliance Systems

Taxware, a portfolio company of Vista Equity Partners, is merging with Convey Compliance Systems. No financial terms were disclosed. Taxware is a provider of indirect tax software, managed services and regulatory content while Convey provides cloud-based tax information reporting solutions.


Vista completes STATS acquisition

Vista Equity Partners has closed its buy of STATS. No financial terms were disclosed. Headquartered in Northbrook, Illinois, STATS is a sports data firm.


Vista agrees to buy Autotask

Vista Equity Partners has agreed to acquire Autotask Corp. No financial terms were disclosed. Headquartered in East Greenbush, NY, Autotask is a provider of IT business management solutions.


Vista Equity Partners agrees to acquire STATS

Vista Equity Partners has agreed to buy sports data firm STATS from Fox Sports and the Associated Press. No financial terms were disclosed for the transaction, which is expected to close this summer. The Raine Group provided financial advice to AP and 21st Century Fox.


Vista Equity Partners backs DealerSocket

Vista Equity Partners has backed DealerSocket. The business is a provider of software-as-a-service enterprise relationship management solutions for the retail and independent automotive industries.

PE-backed Accruent hires new COO

Accruent, which is backed by TA Associates and Vista Equity Partners, said Wednesday that it has hired Wayne Roberts as its chief operating officer. Previously, Roberts worked at Rackspace. Headquartered in Austin, Accruent is a provider of real estate and facilities management solutions.


peHUB First Read

As we move into a Masters weekend, First Read has news about top performing private equity shop Vista Equity, the potential beginning of a stock market crash and J.P. Morgan’s Blythe Masters is under investigation by federal regulators.

VC-backed Zero Turnaround hires new CFO

According to a blog post on its site, Zero Turnaround has named Roger Colvin as chief financial officer. Colvin is the co-founder of Bullhorn, a Boston human resources software company that was acquired by Vista Equity Partners in mid-2012. Zero Turnaround is a provider of software development tools. Its backers include Bain Capital Ventures and Western Technology Investment. To read the announcement, visit here.


Bain could earn 4x on Applied Systems – source

Bain Capital LLC stands to make more than 4x its invested capital when it completes the sale of insurance software maker Applied Systems Inc in a secondary sale to Hellman & Friedman LLC, a person with knowledge of the transaction told Buyouts.

TA Associates makes majority investment in Accruent

TA Associates has completed a majority investment in Accruent, a provider of real estate and facilities management software solutions. Existing investor Vista Equity Partners will retain a significant ownership position. Additional terms of the investment were not disclosed.

Vista completes Omnitracs aquisition

Vista Equity Partners has completed its acquisition of Omnitracs, formerly a subsidiary of Qualcomm Incorporated. Omnitracs has also signed a definitive agreement to acquire Roadnet Technologies, a provider of fleet management software solutions for private fleets.

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