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In September 2019, enterprise software-focused firm Vista Equity Partners (Vista) announced that it would acquire AltaReturn and merge it with another Vista partner company: Black Mountain Systems (Black Mountain). This merger combined Black Mountain’s data aggregation, process management and business reporting capabilities with AltaReturn’s solutions for private capital fund managers, administrators and family offices, creating an all-encompassing product offering for alternative investment software solutions. The merger would form a new entity: Allvue Systems.
At the time of the merger, Rey Acosta, the Co-Founder of AltaReturn and former Executive Chairman of Allvue, said, “We’re honored to be joining forces with both the world’s premier software investor, Vista Equity Partners, and with market leader, Black Mountain. This combination marks a monumental leap forward for fund managers, investors and administrators in the alternative investments industry. Our commitment to Allvue’s clients is straightforward: to develop the most innovative technology in the market while providing an exceptional level of client service.”
Nadeem Syed, Managing Director at Vista Equity Partners, said this about the merger, “AltaReturn and Black Mountain are two market leaders, led by strong management teams and with an excellent track record of customer service and innovation. With the creation of Allvue, Rey, Kevin [MacDonald] and the newly combined team will continue to make advancements and provide valuable technologies for their customers across the alternative investments industry.” Syed is a member of the Allvue Systems board.
Since the formation of Allvue Systems, the company has grown to match the scale of its customer expansion. In February 2020, the company brought in three new additions to its senior leadership team, as they prepared for a sustained growth projection throughout the year. Allvue also reached a major milestone at this point, having signed over 20 new companies, including two of the top five banks in the U.S. In 2021, Allvue, along with three more of Vista’s tech-based portfolio companies, was named to the Inc. 5000 Regionals list, highlighting 250 of the fastest-growing private companies in their regions. Allvue landed in the top 75 of the Florida region, and 2,222 overall.
Global investment firm Vista Equity Partners was founded in 2000 by entrepreneur, innovator and philanthropist Robert F. Smith, who serves as the firm’s Chairman and CEO. Vista’s global network includes enterprise software, data and technology-enabled companies, and Vista offers solutions to help these organizations scale their growth, expand into new customer markets and advance their product innovation. Through private equity, permanent capital, credit and public equity investment strategies, the firm has responsibly delivered on commitments to investors for over two decades.
Vista operates out of offices in Austin, Chicago, New York, Oakland and San Francisco. Dedicated to making positive change within the communities they live and work, the firm has developed long-term partnerships with a variety of organizations. Vista strives to create opportunities for people from all backgrounds and advocate for equal access to computer science and STEAM education.
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