King & Spalding advised Sonatype, Inc. on its entry into a definitive agreement for the acquisition by Vista Equity Partners of a majority equity interest in Sonatype. Sonatype optimizes software development operations through the provision of open source software management and supply chain automation tools and services. Vista is a leading investment firm focused on empowering and growing enterprise software, data and technology-enabled companies.
The acquisition by Vista will allow Maryland-based Sonatype to fast-track growth and enhance its Nexus product portfolio. Sonatype has been one of the fastest-growing companies in the US, with a large customer base that includes more than 60 of the Fortune 100 companies. These customers depend on Sonatype’s Nexus products and OSS solutions to automate the software supply chain for mission-critical software.
The transaction is subject to certain regulatory approvals and is expected to close by the end of 2019.