Vista Equity Partners has acquired the enterprise resource planning (ERP) firm Acumatica.
Acumatica's ERP platform caters to small- and medium-sized businesses, offering digital management and automation of processes like payroll and customer relationship management in various sectors.
The acquisition by Vista is seen as a strategic move to enhance Acumatica's AI-first product strategy and strengthen its partner ecosystem, aiming to redefine business management software.
The deal reflects the trend of ERP platforms centralizing core operations for more efficient management, streamlined compliance, and improved collaboration, fueled by partnerships between banks, FinTechs, and ERP providers.