Vista Equity Partners buys Acquia for $1B

Vista Equity Partners, which likes to purchase undervalued tech companies and turn them around for a hefty profit, has purchased web content management and digital experience company Acquia in a deal valued at $1 billion.
Robert F. Smith, who is founder and chairman of Vista Equity Partners,says that increasingly brands understand that delivering a quality digital experience is essential to their success, and he sees Acquiaas well-positioned in the market to help deliver that. “Acquia unde