Maintaining its torrid pace of activity over the past few weeks, Vista Equity Partners has agreed to acquire NAVEX Global, a provider of ethics and compliance solutions, from The Riverside Company. The deal, with a reported sale price of about $500 million, is expected to close later this year. Serving more than 8,000 customers across multiple industries, NAVEX offers policy and case management software, internal reporting solutions, automated third-party risk management, online training and advisory services to help organizations manage and remediate key workplace compliance risks.
In the past two weeks or so, Vista Equity has agreed to acquisitions of TIBCO Software (NASDAQ: TIBX) and TransFirst—deals that combine for an estimated $5.8 billion—and also set up the exit of MicroEdge in a $160 million transaction. And if that weren't enough, it is also reportedly finalizing its biggest fund yet (read more in the fundraising section below).