The Ledger
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Late-1990s private equity firms overlooked enterprise software for chips
“And I realized that none of them, like any in that period of time, none of them are really thinking about software as an area of investment. Some may have had one or two software investments, but they were thinking about technology broadly, and at that time, t…”
Smith notes that 98% of global software companies remain privately held
“But the short answer here still, Ted, is 98% of software companies are private.”
Vista Equity Partners completes approximately 50 to 60 deals per year
“The good news is we work on a lot of companies, probably do 50 deals, 50, 60 deals a year, so they have a lot of, like, completed, which means we're doing multiples of that in evaluation, and so our people have an opportunity to really become expert at underwr…”