This also strongly reaffirms our commitment to our customers and our truly world-class team of employees.
Milwaukee, WI (PRWEB) November 13, 2008
Zywave, Inc. (“Zywave”), a leading provider of software-as-a-service (“SaaS”) enterprise automation solutions for the employee benefits and property & casualty (“P&C”) insurance distribution industry, announced today it has entered into a strategic investment partnership with Vista Equity Partners (“Vista”).
Zywave's current management team will continue to lead the organization from its Milwaukee headquarters, and, along with current shareholders, will continue to hold a substantial equity interest in the company going forward. "Zywave is a great company with tremendous potential, and we looked for a partner that could provide the type of strategic and operational support for our leadership team that would enable us to realize that potential" said Zywave Chairman and CEO William R. Haack. "This also strongly reaffirms our commitment to our customers and our truly world-class team of employees."
Vista, a San Francisco-based private equity firm with over $2 billion in committed capital, focuses on vertically specialized software and technology-enabled businesses with proven track records of success. Investing in Zywave is consistent with Vista’s strategy of partnering with exceptional executives to drive best practices that are essential for long-term value creation. Vista chose to partner with Zywave because of its best in class software solutions, large and satisfied customer base, and its highly talented and devoted employees. Vista is uniquely qualified to partner with the management of Zywave to help to position the company for continued growth and focus on product innovation and excellence in customer service.
Vista Founder and Managing Principal Robert F. Smith said, "We are long-term investors in software businesses that deliver solutions to their customers, which drive value creation and productivity enhancements for the customer. The management team of Zywave has built a very impressive business, and we are tremendously excited to partner with them to continue their track record of success and pursue several new exciting opportunities. Our success at Zywave will ultimately be based on the success of our customers, and the strong value proposition that Zywave’s products and services bring to their businesses."
Zywave, headquartered in Milwaukee, Wis., is a leading provider of SaaS enterprise automation solutions for the employee benefits and P&C insurance distribution industry. The company’s solutions include technology-enabled content and communication, agency automation, and business intelligence and analytics, designed to help insurance brokers of all sizes gain profitable market share. With nearly 1,000 customers including a majority of the Top 100 agencies, Zywave’s applications help brokers more easily and successfully sell and service new and existing customers while improving their agencies own internal productivity.
For more information visit http://www.zywave.com.
About Vista Equity Partners:
Vista Equity Partners is a leading private equity firm that invests in dynamic, successful technology-based organizations led by world-class management teams with a long-term perspective. With over $2 billion in committed capital, Vista is a value-added investor, contributing professional expertise and multi-level support toward companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. Vista seeks to align the interest of clients, management, and shareholders and focuses on the operational processes and best practices that are critical for long-term value creation.
For more information visit http://www.vistaequitypartners.com.
© Copyright 2008 Zywave, Inc.
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