Vista to take control of Pipedrive in $1.5B deal

Vista Equity Partners has agreed to buy a majority stake in Pipedrive, a developer of customer relationship management software for the sales industry, with TechCrunch reporting the deal values the New York-based startup at about $1.5 billion. Existing Pipedrive backers Bessemer Venture Partners, Insight Partners, Atomico, DTCP and Rembrandt Venture Partners will all retain minority stakes in the business. Pipedrive was valued at $500 million with its most recent venture round in 2018, according to PitchBook data.

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