The customer information software producer has agreed to a majority acquisition at a $1.1bn valuation, having raised $157m from investors including Salesforce and Cisco.
Investment firm Vista Equity Partners agreed yesterday to acquire a controlling stake in Gainsight, a US-based data software producer backed by networking technology provider Cisco and enterprise software producer Salesforce.
Gainsight CEO Nick Mehta told Forbes the deal will value the company at $1.1bn, adding that some investors had maintained stakes, but its earlier investors were likelier to have completely exited through the transaction.
Founded in 2009, Gainsight has built a software platform that uses artificial intelligence to discover which…
