EagleView Technology Corporation, a Bothell-based technology provider of aerial imagery, data analytics and GIS solutions, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a private equity firm focused on software, data and technology-enabled businesses.
EagleView Technology Corporation provides aerial imagery, utilizing a vast image library and patented 3-D measurement software to deliver solutions to the insurance, construction, solar, government and public utility sectors. Under Vista’s ownership, EagleView will enter a new phase of growth, which will leverage EagleView’s proprietary dataset and analytics to create new product offerings and address underpenetrated verticals.
“We are very pleased to be partnering with Vista,” said Chris Barrow, President and CEO of EagleView Technology Corporation. “Vista’s investment and professional support provides us with a significant opportunity to continue delivering exceptional products to our more than 40,000 customers as we accelerate growth into new, emerging markets.” It’s interesting to note that this move came on the heels of Chris Barrow named an Entrepreneur of the Year.
Vista is a large private equity firm with over $14 billion in cumulative capital commitments, focused on investments in software, data and technology-enabled companies. Vista has an extensive track record of successful transactions, helping companies achieve operational, product and customer service excellence by contributing professional expertise and proven best practices.
“We see tremendous value and opportunity in EagleView’s ability to capture high-resolution imagery, and extract Big Data and deliver it to a wide range of industries and customers using very progressive technologies,” said Robert F. Smith, Chairman and CEO of Vista Equity Partners. “The EagleView Technology Corporation growth story is impressive, and we look forward to working with the executive team and company overall to take the organization to the next level.”
The transaction is expected to close later this year. Financial terms have not been disclosed. William Blair & Company L.L.C. acted as the exclusive financial advisor to EagleView Technology Corporation in the transaction.
About EagleView Technology Corporation
EagleView Technology Corporation, through its two wholly owned subsidiaries, EagleView Technologies, Inc. and Pictometry International Corp., is the unparalleled provider of aerial imagery, data analytics and GIS solutions serving the commercial, government and public utility sectors. The company’s patented image capture processes and 3-D modeling algorithms coupled with property-centric analytic tools empower end-user workflows with scalable, efficient and highly accurate answer sets in support of property claims, risk management, construction, emergency response, assessment, corridor mapping and more. For more information contact (866) 659-8439 or visit www.eagleview.com or www.pictometry.com.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with over $14 billion in cumulative capital commitments, currently invests in dynamic, successful software, data and technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.