Vista Equity Partners Acquisition of Lithium Technologies Has Been Completed
SAN FRANCISCO – August 1, 2017 – Lithium Technologies, Inc., the market leader in social media management and online community solutions, announced that its acquisition by Vista Equity Partners ("Vista") is now complete. Originally announced on May 30, 2017, the transaction was completed on July 28, 2017. Lithium is now a portfolio company of Vista, a leading private equity firm focused on investments in software, data and technology-enabled businesses. Terms of the transaction were not disclosed.
“The feedback from customers, partners, analysts and media on our joining the Vista portfolio of companies has been overwhelmingly positive,” said Rob Tarkoff president and CEO of Lithium. “With access to Vista’s broad resources, we are now in an even stronger position to continue delivering on our vision of creating amazing digital customer experiences for our customers. This is an exciting time for Lithium, and with Vista’s backing we can now move faster, pursue bigger opportunities, and firmly cement ourselves as the market leader in digital customer experience.”
“Digital customer experience is a key area that all big brands must address if they want to survive,” said Alan Cline, Principal at Vista Equity Partners and Co-Head of the Vista Foundation Fund. “When we looked across the technology landscape we saw Lithium as the clear leader in the space, and are looking forward to driving the growth of the company with the Lithium team.”
The news comes on the heels of Lithium’s being named a leader in Social Media Management Solutions by Forrester Research Inc. in “The Forrester Wave™: Social Media Management Solutions, Q2 2017” report, and announcing a series of significant enhancements to its Social Media Management product.
Lithium will maintain its headquarters in San Francisco and continue to operate its business as usual.
Lithium delivers awesome digital customer experiences at scale for the world’s biggest brands including Airbnb, AT&T and Sephora. Comprising Social Media Management and Communities, the Lithium engagement platform enables brands to manage multiple digital touchpoints, facilitate millions of conversations, and drive smarter decisions through data – connecting customers, content and conversations at the right digital moment. Lithium has a massive digital footprint with approximately 480 million new digital interactions analyzed daily, 100 million monthly visitors across its Online Communities, and 850 million online profiles scored through Klout.
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 $30 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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