Vista Equity Partners has acquired a majority stake in Swiss-American software company Nexthink SA from Permira, valuing the digital experience management firm at around $3bn.

The transaction marks a major secondary deal in the enterprise software space, as Vista strengthens its position in artificial intelligence-driven technology assets. Permira and venture capital firm Index Ventures were among the shareholders exiting the business.

Founded in Lausanne and co-headquartered in Boston, Nexthink uses AI to analyse and optimise the performance of employees’ devices, applications, and data connections. The company gained traction during the pandemic as demand surged for remote work and digital monitoring solutions.

When Permira invested in Nexthink in 2021, the company was valued at about $1.1bn. The latest transaction represents a substantial increase in enterprise value, underscoring continued investor appetite for AI and data analytics platforms.

Nexthink will remain under the leadership of its founder and CEO, Pedro Bados.

Vista, led by Robert F. Smith, manages over $100bn in assets and has built one of the most recognisable portfolios in enterprise software and data intelligence. The firm joins a growing number of buyout houses betting on AI-powered workplace technologies as they reshape global software markets.

If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com.

Can`t stop reading? Read more.