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Stock impact report

Vista Equity Sells LogicMonitor Stake in $2.4 Billion Deal [Yahoo! Finance Canada]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Most Read from Bloomberg LogicMonitor is receiving $800 million in new equity and strategic financing from an investor consortium that includes PSG Equity, Golub Capital and others, according to a statement Wednesday confirming an earlier Bloomberg News report. Vista will remain LogicMonitor's controlling shareholder. Bloomberg News reported in March that Vista was working with financial advisers to explore options for LogicMonitor. Founded in 2007 and led by Chief Executive Officer Christina Kosmowski, the Santa Barbara, California-based company provides a cloud-based, AI-powered performance monitoring platform for enterprise IT, managed service providers and small and midsize businesses. LogicMonitor will use the investment to accelerate platform expansion through mergers and acquisitions, entering new markets globally and diversifying into new verticals, according to the statement. Vista acquired LogicMonitor in May 2018 through its Vista Foundation Fund III for about $415 Show less Read more
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