Buyout Firm Vista to Acquire EQT’s Acumatica in $2 Billion Deal

Vista Equity Partners agreed to acquire Acumatica Inc., a software company that helps businesses streamline workflows.

Vista is buying the Bellvue, Washington-based firm from private equity firm EQT AB, according to a statement Thursday that confirmed an earlier Bloomberg News report. Financial terms weren’t disclosed. The deal values Acumatica at about $2 billion including debt, people familiar with the matter said.

EQT generated a 5 times multiple on its invested capital with the Acumatica deal, according to the people, who asked not to be identified because the information is private. Representatives for Vista and EQT declined to ...