Nasuni has announced a significant investment led by Vista Equity Partners, boosting the company’s valuation to approximately $1.2 billion.
The strategic growth investment, which is also backed by TCV and KKR, will be used to accelerate Nasuni’s product innovation and commercial expansion in the global hybrid cloud market. The specifics of the transaction have not been disclosed.
“At Nasuni, we care first and foremost about the success of our customers, partners, and employees,” said Paul Flanagan, CEO of Nasuni.
“We are maniacal about our commitment to delivering quality in every aspect of our business and interaction with our customers. This investment and our strategic partnership with Vista, TCV, and KKR will allow us to build upon that commitment, scale with purpose and continue to innovate as we look to take Nasuni to the next level.”
Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director, added, “Nasuni’s platform offers a highly differentiated approach to consolidating, protecting, and managing data at scale with performance that is critical to supporting AI applications and other high-volume data use-cases.
“We are thrilled to partner with the Nasuni team as they work to help businesses optimise their expanding and complex data needs with solutions that are fast, secure and highly cost-effective.”
The transaction advisors included BofA Securities as the exclusive financial advisor and Goodwin Proctor LLP as the legal advisor for Nasuni. Vista and TCV were represented legally by Kirkland & Ellis LLP, while KKR made the investment through its Next Generation Technology III Fund.
