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Vista Equity Partners agrees to buy EngageSmart for $4 billion

Vista Equity Partners agrees to buy EngageSmart for $4 billion

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Vista Equity Partners closed $4 billion deal Monday to acquire enterprise software company EngageSmarta significant buyout at a time when many private equity firms are staying on the sidelines.

Vista is offering shareholders of the customer engagement and payments software specialist $23 per share. The Wall Street Journal earlier reported that a deal had been reached. EngageSmart stock jumped more than 10% in premarket trading to trade near the bid price.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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