Street Talk understands the $101 billion global investment firm has initiated contact with Australian software as a service company CriticalArc.
SafeZone is pitched as a unified safety, security and emergency management solution.Street Talk understands the $US101 billion global investment firm has approached Australian software-as-a-service company CriticalArc, seeking to buy the outfit for up to $US37.5 million .
Sources close to the target said Vista had pitched CriticalArc’s owners with an all-cash offer for 100 per cent of the equity based on an enterprise valuation range of $US35 million to $US37.5 million. alongside Blackstone in a $1.6 billion deal last year. The Texas-headquartered firm has a long history of enterprise software, data and technology investments, cutting cheques for hundreds of companies, including payments software vendor EngageSmart and insurance software provider Duck Creek, running up an aggregate transaction bill of over $US300 billion. It typically goes for mission-critical companies with high recurring revenue.
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