Portfolio News| July 2015
Spectrum Equity Exits EagleView
Spectrum Equity-backed, EagleView Technology Corporation (“EagleView”), a leading technology provider of aerial imagery, data analytics and GIS solutions, has been acquired by Vista Equity Partners (“Vista”), a leading private equity firm focused on software, data and technology-enabled businesses.
EagleView is the market leader in aerial imagery, utilizing a vast image library and patented 3-D measurement software to deliver solutions to the insurance, construction, solar, government and public utility sectors. Under Vista’s ownership, EagleView will enter a new phase of growth, which will leverage EagleView’s proprietary dataset and analytics to create new product offerings and address underpenetrated verticals.
“We are very pleased to be partnering with Vista,” said Chris Barrow, President and CEO of EagleView. “Vista’s investment and professional support provides us with a significant opportunity to continue delivering exceptional products to our more than 40,000 customers as we accelerate growth into new, emerging markets.”
“We see tremendous value and opportunity in EagleView’s ability to capture high-resolution imagery, and extract Big Data and deliver it to a wide range of industries and customers using very progressive technologies,” said Robert F. Smith, Chairman and CEO of Vista Equity Partners. “The EagleView growth story is impressive, and we look forward to working with the executive team and company overall to take the organization to the next level.”
Financial terms have not been disclosed. William Blair & Company L.L.C. acted as the exclusive financial advisor to EagleView in the transaction.
About EagleView
EagleView Technology Corporation, through its two wholly owned subsidiaries, EagleView Technologies, Inc. and Pictometry International Corp., is the unparalleled provider of aerial imagery, data analytics and GIS solutions serving the commercial, government and public utility sectors. The company’s patented image capture processes and 3-D modeling algorithms coupled with property-centric analytic tools empower end-user workflows with scalable, efficient and highly accurate answer sets in support of property claims, risk management, construction, emergency response, assessment, corridor mapping and more. For more information contact (866) 659-8439 or visit www.eagleview.com or www.pictometry.com.
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