Private equity firm Vista Equity Partners is to acquire a majority ownership in eCommerce, brand protection and promotional intelligence solutions provider Market Track from Aurora Capital Group, a Los Angeles-based private equity firm.
Terms of the transaction have not been disclosed.
Market Track is a provider of data-driven market intelligence solutions that enable retailers, brands, manufacturers, agencies, and brokers to analyse their advertising, promotional, and pricing initiatives to make more informed decisions, driving increased revenue and higher return on investment. The company currently serves more than 2,100 clients across all classes of trade and product categories, providing insight into how advertising, promotional, and eCommerce activity is impacting consumers’ purchase decisions.
The acquisition will begin the next phase of growth for Market Track by pairing Market Track's industry leadership with Vista's unique investment and operating model for high-growth SaaS companies. The company will remain focused on providing unmatched competitive intelligence to its customers as it continues to expand its coverage of new geographies and media types. Clients will also benefit from additional innovation and technology, furthering Market Track’s vision of delivering best-in-class, unified market intelligence.
“With companies investing so much in promotions, advertising and eCommerce initiatives, not only speed, but cross-channel intelligence and accurate attribution are critical to success," says Brian Sheth, co-founder and president of Vista Equity Partners. "Market Track has been a leader in market intelligence solutions and offers solutions that help maximise profitability for advertisers and marketers. We look forward to partnering with Market Track to drive further growth and innovation.”
“We are thrilled to be working with Vista Equity Partners to fuel the future growth of Market Track and are looking forward to a great partnership that will benefit our customers, our employees, and our industry,” says Dennis Moore, CEO of Market Track. “We are also thankful for the strong leadership and support from Aurora over the past five years and appreciate all they’ve done to prepare us for the next phase of our company’s growth.”
“It’s been exciting to be a part of Market Track’s tremendous growth over the last five years,” says Josh Klinefelter, partner at Aurora. “Market Track has become a clear industry leader both by expanding its portfolio of services and by investing in the resources required to better service its clients. Today’s announcement is the result of many years of hard work and the culmination of a great partnership with the Market Track management team.”
Harris Williams & Co served as financial adviser to Market Track, and Gibson, Dunn & Crutcher served as legal adviser to the company. Kirkland & Ellis served as legal adviser to Vista.
