Major Granicus Investors: Vista Equity Partners and Harvest Partners
In August 2016, Vista Equity Partners, a leading investment firm, acquired a majority stake in Granicus, a world-leading provider of software solutions that help to improve government efficiency and transparency. Per the agreement, existing owner K1 Investment Management (K1) continued to maintain a minority stake in Granicus.
To build upon this momentum, in November 2016 Granicus joined force with another Vista company, GovDelivery, a leading cloud-based digital communication platform for the government. To reflect the new merger, Granicus unveiled a new website and brand identity representing its effort to empower the government to improve decision making, achieve greater impact and drive outcomes for the citizens they serve.
Since the merger with GovDelivery and investment from Vista, Granicus has made major strides. In 2020 alone, they announced record sales growth, with over 400 new projects launched to new and existing customers across the United States and the United Kingdom. Furthermore, Granicus’ GovDelivery platform delivered over 800 million email, video and SMS messages containing pandemic-related information from federal, state and local governments to interested parties. In order to continue to support government institutions as Granicus transitions to the cloud and adopts broader digital transformation initiatives, Granicus announced a new investor in December 2020, Harvest Partners, who will work alongside Vista and K1 to further Granicus’ interests.
“2020 has been an unprecedented year. But in the face of adversity, we’ve been inspired by the resilience and innovation exhibited by government leaders as they rapidly respond to the challenges brought on by the pandemic,” said Mark Hynes, CEO of Granicus, of Harvest Partners’ investment. “We are proud to play our part in helping our government customers accelerate digital connections with constituents. We are thrilled to continue our work with Vista while adding Harvest to the team as we work side-by-side with governments on their digital transformation journeys.”
About Vista Equity Partners
Vista Equity Partners, a leading investment firm, was founded by Chairman and CEO Robert F. Smith in 2000. Over the last few decades, the firm has provided professional expertise and support for software, data and technology-enabled businesses, helping them reach their fullest potential. Vista utilizes strategies, such as permanent capital, credit, public and private equity, that are proven to provide positive results for both the companies that they acquire and stakeholders. The firm operates locations throughout the United States, including Austin, Chicago, New York, Oakland and San Francisco. Vista remains just as dedicated to supporting philanthropic endeavors throughout the country as improving the companies that they invest in. The firm is a proud supporter of organizations that facilitate job training, increase access to education and the arts and protect the environment.
About Harvest Partners
Harvest Partners is an established private equity firm founded in 1981. The company focuses on investing in middle-market companies and partnering with stellar management teams to both acquire and build businesses, allowing them to reach their fullest potential. Harvest Partners approaches each investment with a balanced risk-return that emphasizes stable returns and capital preservation. The firm has been led by the same experienced management team since 2000 and holds offices in New York, California and Florida.
To learn more, visit the Harvest Partners website.