Vista Equity Partners (Vista), a global private investment firm focused exclusively on enterprise software, data and technology-enabled businesses, has made a strategic growth investment in Gatekeeper, a Vendor & Contract Lifecycle Management (VCLM) platform.
In a statement, Gatekeeper said the investment, the company’s first external capital since inception, will be used to accelerate platform innovation and go-to-market functions to expand its global footprint and capitalise on the growing demand for unified Vendor Management, Contract Management and Third-Party Risk Management solutions.
The investment in Gatekeeper was made by Vista’s Endeavor Fund, which provides growth investments and strategic support to market-leading, high-growth enterprise software companies that have achieved at least $10m in recurring revenue.
Kirkland & Ellis LLP served as legal counsel to Vista. PEAK Technology Partners served as financial advisor and Travers Smith and Foley & Lardner LLP acted as legal counsel to Gatekeeper.
