Vista Equity Partners Exits Ventyx

Vista Equity Partners has entered into a definitive agreement to sell Ventyx to ABB, a Swiss provider of power and automation technologies, for over $1 billion, which ABB plans to pay in cash. Ventyx provides software solutions to energy, utility, communications and other asset-intensive organizations in more than 40 countries. Vista acquired Indus International in 2007 for $240 million and merged the company with MDSI Mobile Data Solutions to create Ventyx. The deal is expected to close by the end of the second quarter.