Vista Equity Partners announces investment in Trintech

8th September 2015

Trintech, a provider of integrated Record-to-Report software solutions for the office of finance, has announced that it has agreed to receive an investment from Vista Equity Partners (“Vista”). The investment will enable Trintech to expand its customer base and further accelerate its strong bookings momentum in the growing market for financial management applications.  As part of the transaction, Trintech’s existing investor Spectrum Equity (“Spectrum”) will make a substantial minority investment alongside Vista. Additional terms of the deal were not disclosed. 

 

 

 

“We are excited to join Vista’s family of elite software and technology-enabled businesses,” said Paul Byrne, Chief Executive Officer at Trintech. “Vista has a proven track record of partnering with management teams to build operational excellence and accelerate growth. Their guidance and expertise will help drive maximum long-term value for our customers, employees and shareholders.” 

Trintech provides cloud-based solutions that automate and control the financial close accounting process within corporations, often referred to as the “last mile of finance.” Trintech serves more than 900 customers in 100 countries across a wide variety of industries that include retail, travel and hospitality, high-tech, financial services, pharmaceutical, energy, telecommunications and manufacturing. Trintech currently serves more than 35 percent of the Fortune 100, comprising over 200,000 users and more than one billion transactions in the cloud annually, making it the leading global Record-to-Report software solutions provider. 

“Thanks to its strong management team and differentiated technology, Trintech is already well established as the clear leader in a large and growing market,” said Rob Rogers, Principal at Vista Equity Partners. “We are excited to partner with Spectrum and Trintech’s leadership team to further strengthen and expand the company’s existing solutions while also pursuing new growth opportunities.”

Trintech recently announced 140% bookings growth in the first half of its fiscal year, marking eight successive quarters of continued growth.

“With the emergence of Cadency® a fully integrated R2R solution, Trintech has achieved record bookings growth over the past two years,” said Adam Margolin, Principal at Spectrum.  “We believe that Trintech can continue to lead the market innovatively, and we are confident the company’s future will be even more promising.”

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