EagleView Technology Corporation, a provider of aerial imagery and data, has entered into an agreement to be acquired by Vista Equity Partners.
EagleView Technology – through its two wholly owned subsidiaries, EagleView Technologies and Pictometry International – is a provider of aerial imagery, data analytics and geographic information systems. A geographic information system (GIS) is a system designed to capture, store, manipulate, analyze, manage, and present all types of spatial or geographical data.
EagleView provides its data and services to the insurance, construction, solar, government and public utility sectors which use the information for property claims, risk management, construction, emergency response, assessment, and corridor mapping. EagleView is headquartered northeast of Seattle in Bothell, WA (www.eagleview.com) (www.pictometry.com).
According to Vista, under the firm’s ownership EagleView will enter a new phase of growth that will leverage EagleView’s proprietary dataset – the company has a vast image library and patented 3-D measurement software – to create new products and address underpenetrated market verticals. “We see tremendous value and opportunity in EagleView’s ability to capture high-resolution imagery, and extract Big Data and deliver it to a wide range of industries and customers using very progressive technologies,” said Robert Smith, Chairman and CEO of Vista Equity Partners. “The EagleView growth story is impressive, and we look forward to working with the executive team to take the organization to the next level.”
Vista Equity Partners has more than $14 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 San Francisco, Chicago and Austin (www.vistaequitypartners.com).
“We are very pleased to be partnering with Vista,” said Chris Barrow, President and CEO of EagleView. “Vista’s investment and professional support provides us with a significant opportunity to continue delivering exceptional products to our more than 40,000 customers as we accelerate growth into new, emerging markets.”
William Blair & Company was the exclusive financial advisor to EagleView.
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-17-15