Vista Equity explores $1 billion-plus sale of AlertMedia, sources say

By Milana Vinn

Feb ‌12 (Reuters) - Vista Equity ​Partners ​is exploring a $1 billion-plus sale of its emergency communications software provider AlertMedia, according to ‌people familiar with the matter.

Vista has hired bankers ⁠at JPMorgan to sell the company, a process that is ‌in the early stages, the ‌people said, requesting anonymity as the discussions are confidential.

Vista Equity and JPMorgan declined to comment, while AlertMedia ​did not respond to a request for comments.

Austin, Texas-based AlertMedia provides emergency communications for thousands of ⁠organizations including Walmart, JetBlue, Coca-Cola Bottling, DHL and Thomson Reuters, the parent ​company of Reuters news.

AlertMedia generates more than $100 million in revenue and could command a double-digit ​revenue multiple, implying a valuation ‌of more than $1 billion, the sources said.

Vista Equity invested in AlertMedia in 2021 through ⁠its middle-market focused Foundation Fund.

In 2024, private equity firm Thoma Bravo acquired Everbridge, an emergency communications technology provider and rival ⁠to AlertMedia, for $1.8 billion.

Last week, Reuters reported that Vista Equity ​Partners is leading a new funding round of over $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure ‌from its traditional focus on enterprise software.

The software sector has experienced a turbulent few ‌months in the public markets, stalling some dealmaking and ⁠IPOs as volatility makes ‌valuations unreliable and ​potential buyers cautious.

(Reporting by Milana Vinn in New York; Editing by Dawn Kopecki and Nick ‌Zieminski)

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