Vista Equity Partners Invests in Allocate to Support Next Phase of Strategic Growth
April 23 2018 - 7:00AM
Business Wire
Vista Equity Partners, a leading investment firm focused on
software, data and technology-enabled businesses, today
announced its investment in Allocate Software (“Allocate”),
the leading international provider of healthcare workforce
management software. The investment will support the company’s
next phase of development product innovation and global
expansion.
With over 800 customers and one million staff rostered daily,
Allocate serves the largest public and private healthcare
institutions around the world by supporting the operational and
administrative needs of professionals across all healthcare
settings. Allocate’s best-in-class solutions enable the
delivery of safe and effective care at optimal cost by helping
healthcare organizations have the right people in the right place
at the right time.
“We are thrilled to partner with Vista to accelerate development
and investment in our market-leading solutions,” said Dr. Sati
Sian, CEO of Allocate. “Vista’s global experience providing product
and operational expertise to its portfolio will benefit our
company, our employees, and most importantly, our customers. Our
products enable healthcare institutions to manage their workforce
more efficiently and effectively, ultimately helping them improve
patient care. We are excited to continue investing in our strong
innovation to further enable our customers’ mission.”
“Allocate’s market-leading platform and products with
next-generation technology uniquely address the needs of the
healthcare, defense and maritime sectors,” said Alan Cline,
Principal and Co-Head of the Foundation Fund at Vista. “We are
excited to work with the Allocate team to help them continue
providing trusted and valued solutions to healthcare providers and
professionals across the globe.”
Allocate’s Optima, Time Care, RosterOn and Dynama OneView
products provide trusted and valued workforce management solutions
to customers across Europe, Australia and the United States. The
transaction is expected to close in the second quarter of this
year. Financial terms have not been disclosed.
About Allocate Software
Allocate Software is a leading international provider of
workforce solutions to the healthcare, defense and maritime
sectors. Allocate’s solutions support the operational and
administrative needs of healthcare professionals in all settings as
well as defense and maritime staff globally. In healthcare Allocate
Software is enabling the delivery of safe and effective care at
optimal cost, by helping organisations have the right people in the
right place at the right time. With over one million staff rostered
daily, Allocate serves the largest public and private healthcare,
defense and maritime institutions around the world. Headquartered
in the UK, Allocate Software provides services and support to its
international customer base through regional offices in the UK,
Sweden, France, Spain, Germany and Australia.
About Optima: Optima is a Software-as-a-Service platform
that can optimise the complex staffing requirements of large health
and care organisations. Alongside automating sophisticated
scheduling and ensuring accurate pay for staff that have complex
pay rules, it is unique in providing additional benefits to improve
the safety of staffing given changing patient needs, the management
of contingent workforce, and the engagement of staff through a
dedicated app. Optima can be used to support all workforce groups
including doctors, nurses, therapists, care staff, operational
staff and administrators.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based investment firm with offices
in Austin, San Francisco, Chicago, and Oakland with more than $31
billion in cumulative capital commitments, currently invests in
software, data and technology-enabled organizations led by
world-class management teams with long-term perspective. Vista is a
value-added investor, contributing professional expertise and
multi-level support towards companies realizing their full
potential. Vista’s investment approach is anchored by a sizable
long-term capital base, experience in structuring
technology-oriented transactions, and proven management techniques
that yield flexibility and opportunity in private equity investing.
For more information, please
visit www.vistaequitypartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180423005419/en/
Vista Equity Partners:Dafna Tapiero,
202-776-7776Vista@laurelstrategies.com