Vista Equity Partners has completed its previously announced acquisition of Websense, a provider of computer security software.
“We are excited to have closed this transaction and look forward to taking Websense to the next level,” said Robert Smith, CEO and founder of Vista Equity Partners. “Websense provides a great opportunity to combine our proven operating philosophies with the market-leading TRITON product suite.”
Websense specializes in computer security software which is used by customers including businesses, schools, and libraries, to protect their networks from malware, stop data theft, prevent students from viewing sexual or other inappropriate content, and discourage employees from spending time browsing non business-related websites. The company was founded in 1994 and is based in San Diego (www.websense.com).
“Our top priority continues to be protecting organizations from data theft and the latest advanced cyber attacks,” said John McCormack, Websense CEO. “Vista brings an operational discipline that will enable us to continue to invest in the business and technology innovation. Our next chapter will further solidify and foster our security industry leadership. Websense employees worldwide are tirelessly committed to delivering an exceptional customer experience through the innovative TRITON platform.”
Websense expects its TRITON platform to continue accelerating growth. In 2012 TRITON billings increased more than 20 percent to $233 million.
Vista Equity Partners has more than $7 billion in committed capital and makes equity investments in enterprise software businesses and technology-enabled services companies. The firm was founded in 2000 and has over 50 investment professionals operating out of Austin, Chicago, and San Francisco (www.vistaequitypartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-26-13
