Black Billionaire Robert Smith’s Vista Equity Sells Marketo for $3 Billion

Vista Equity Partners Logo

On Thursday, October 31, 2018, Vista Equity Partners announced it would be selling Marketo to Adobe for $4.75 billion, vindicating a strategy that Smith and his Vista billionaire co-founder, Brian Sheth, initiated as the software private equity game they helped create was going mainstream.

Vista will make $3 billion in two years from the Marketo sale, the biggest realized profit from a single company in the private equity firm’s 18-year history.

Continue reading...

Latest Articles

Tekedra Mawakana will take the helm at Waymo as co-CEO, as current CEO John Krafcik is stepping down after five and a half years leading the company.…

Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced the appointment of Rosalind (Roz) Brewer as the company’s Chief Executive Officer,…

Credit Suisse CEO Tidjane Thiam on Thursday resigned in the wake of a spying scandal at the bank.

Iqbal Khan, formerly head of Credit Suisse’s wealth…

David Drummond, one of the highest ranking black executives in tech, is stepping down as chief legal officer of Google's parent company Alphabet. Mr.…

When an Angolan court froze the assets of Isabel dos Santos, Africa’s richest woman it was widely seen as the strongest signal the country’s…

Recently Added Profiles

Occupation: Businesswoman; Position: CEO and Co-Founder; Company: Praxis Labs; Industry: Education; Residence: United States; Nationality:…

Born: July 22, 1973, Rochester, New York; Occupation: Businesswoman; Position: President, CEO; Company: Teachers Insurance and Annuity…

Born: June 8, 1977, Atlanta, Georgia; Occupation: Rapper, Music Producer, Fashion Designer, Businessman; Position: Founder; Company: Yeezy; …

Born: c. 1962, USA; Occupation: Businessperson; Position: Co-Founder and President; Company: WinsCo Enterprises Inc.; Industry: Business…

Born: c. 1964, Ibadan, Nigeria; Occupation: Businessman; Position: former Chairman, CEO; Company: Tapestry, Inc. ; Industry: Apparel,…