You may have already heard that Vista Equity Partners has acquired JAGGAER, a leader in procurement software. While this news is familiar to many, we want to provide additional context on how this acquisition will influence JAGGAER’s future and what it means for procurement technology.
“This new partnership with Vista underscores JAGGAER’s strong momentum and the compelling value our intelligent software delivers by helping our customers manage and automate complex processes while enabling a highly resilient, responsible, and integrated supplier base,” said Andy Hovancik, CEO of JAGGAER. “Vista is a highly experienced software investor, and I’m confident they will be an exceptional partner to JAGGAER during this exciting next phase of growth and opportunity.”
JAGGAER, known for its comprehensive source-to-pay platform, serves over 1,400 customers globally. Vista’s acquisition is poised to enhance JAGGAER’s AI-enabled solutions, further empowering businesses to optimize and automate key processes such as sourcing, spend management, contracting, e-procurement, and supply chain visibility. With increasing demand for solutions that unify direct and indirect spend management, JAGGAER is now better positioned to meet the evolving needs of procurement teams.
“JAGGAER provides a mission-critical platform that enables its customers and partners to streamline global supply chain and procurement processes, lower costs, and improve visibility,” said Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior Managing Director. “JAGGAER’s products serve a large addressable market benefiting from durable growth tailwinds, including customers’ increasing desire to unify direct and indirect spend management and realize the benefits of AI. JAGGAER is well-positioned to capitalize on these demand trends given its leading capabilities across source-to-pay workflows.”
With Vista’s backing, JAGGAER will further advance its platform, leveraging AI and automation to meet the needs of modern procurement. This acquisition not only signals growth and technological advancement but also reinforces JAGGAER’s commitment to delivering intelligent, integrated procurement solutions. We’ll continue to keep you updated on how these developments will enhance the tools and strategies available to our clients.
Sources: (Business Wire)(Private Equity News)(sharedserviceslink).
