Austin, Texas-headquartered Vista Equity Partners has acquired Pluralsight for $3.5 billion, TechCrunch has reported,
Pluralsight is a Farmington, Utah-based online training company that educates IT professionals, including developers, operations, and data and security professionals
Monti Saroya, co-head of the Vista Flagship Fund and senior managing director at Vista, said. “We have seen first-hand that the demand for skilled software engineers continues to outstrip supply, and we expect this trend to persist as we move into a hybrid online-offline world across all industries and interactions, with business leaders recognising that technological innovation is critical to business success.”
Pluralsight chief executive Aaron Skonnard added: “The global Vista ecosystem of leading enterprise software companies provides significant resources and institutional knowledge that will open doors and help fuel our growth. We’re thrilled that we will be able to leverage Vista’s expertise to further strengthen our market leading position.”
Pluralsight, was founded in 2004 and raised more than $190 million before going public in 2018. The company has 1,700 employees and more than 17,000 customers. The acquisition is expected to close in the first half of next year, when the company will become private again.
Date published: 23 December 2020