Vista Equity Partners, an Austin, TX-based investment firm focused exclusively on enterprise software, data and technology-enabled businesses, acquired Jaggaer, a Morrisville, NC-based company which specializes in enterprise procurement and supplier collaboration software, from Cinven.
The amount of the deal was not disclosed.
Led by CEO Andy Hovancik, Jaggaer provides configurable source-to-pay and supplier collaboration software for direct and indirect procurement processes through a single, unified platform. The company’s AI-enabled solutions help optimize and automate sourcing, spend management, contracting, eProcurement, invoicing and supply chain visibility for a diversified group of more than 1,400 customers around the world.
