Nasuni has announced a majority investment led by Vista Equity Partners, with participation from TCV and KKR. The investment values Nasuni at approximately USD $1.2 billion. Although the specific terms of the transaction were not disclosed, the investment aims to support Nasuni's growth and further innovation in the global hybrid cloud market.
Paul Flanagan, CEO of Nasuni, expressed the company’s commitment to its stakeholders. "At Nasuni, we care first and foremost about the success of our customers, partners, and employees," he said. He further highlighted the significance of the investment: "This investment and our strategic partnership with Vista, TCV, and KKR will allow us to build upon that commitment, scale with purpose and continue to innovate as we look to take Nasuni to the next level."
Nasuni has been experiencing substantial momentum in the market, partly due to its File Data Platform, which consolidates, protects, and manages data at scale. The platform is particularly vital for high-volume data use cases and artificial intelligence applications. The company's technology is used by over 850 enterprises across 70 countries, making it a significant player in data management.
Martin Taylor, Co-Head of Vista's Foundation Fund and Senior Managing Director, spoke about Nasuni’s capabilities: "Nasuni’s platform offers a highly differentiated approach to consolidating, protecting, and managing data at scale with performance that is critical to supporting AI applications and other high-volume data use cases. We are thrilled to partner with the Nasuni team as they work to help businesses optimise their expanding and complex data needs with solutions that are fast, secure, and highly cost-effective."
Vista Equity Partners is known for its focus on enterprise software, data, and technology-enabled businesses, with over USD $100 billion in assets under management. KKR, investing through its Next Generation Technology III Fund, is a global investment firm offering capital markets and insurance solutions. TCV has a history of investing in category-defining technology companies and has been involved in over 350 technology investments worldwide.
BofA Securities was Nasuni's exclusive financial advisor, while Goodwin Proctor LLP served as its legal advisor. Kirkland & Ellis LLP provided legal counsel to Vista and TCV.
Nasuni's growth has been underpinned by its award-winning technology, high customer retention rates, and a consistent 30% annual growth rate. Large enterprises in diverse industries such as manufacturing, consumer goods, and energy utilise the company’s data platform. The investment aims to expand Nasuni's commercial footprint further and accelerate its product development efforts.
The deal with Vista, TCV, and KKR marks a significant milestone for Nasuni as it continues evolving and addressing modern enterprises' complex data management needs. The investment is expected to enhance Nasuni's ability to offer innovative, scalable, and cost-effective data solutions, maintaining its relevance in a rapidly changing technological landscape.
