Vista Equity Partners has agreed to make a majority investment in Nexthink, valuing the digital employee experience management company at approximately $3 billion. The technology investment firm announced the deal on Oct. 27.
Nexthink provides software that monitors and manages employee technology experiences across devices, applications and networks. The company serves more than 1,500 enterprise customers and 25 million employees globally.
Pedro Bados, CEO and co-founder of Nexthink, will remain with the company along with the leadership team. The investment comes as organizations increase focus on managing employee technology experiences in distributed work environments.
Platform capabilities
Nexthink’s platform analyzes real-time signals across enterprise technology systems. The software uses AI to help IT teams identify and resolve technical issues before they affect employees.
“Vista is the gold standard in software investment and operational excellence,” said Bados. “Their strategic network and deep expertise are invaluable as we scale to our next stage. Today, more than 25 million employees around the world rely on Nexthink to unlock their full potential through technology. Our top priority remains accelerating innovation and delivering even greater value to our customers and partners.”
The platform aims to reduce problem resolution time and maintain productivity when employees experience technical difficulties.
Investor perspective
Michael Fosnaugh, co-head of Vista’s Flagship Fund and senior managing director, highlighted the business case for the investment.
“As work becomes increasingly digital and distributed, businesses face mounting pressure to deliver seamless, high-performing technology experiences for their employees,” said Fosnaugh. “Nexthink’s DEX platform enables real-time detection and resolution of IT issues — empowering enterprises to proactively maintain productivity and employee engagement.”
Rod Aliabadi, managing director at Vista, said the company combines analytics, automation and data architecture to manage IT operations.
“We’re excited to partner with Nexthink as it continues to lead the expansion of the DEX market, an attractive segment with strong AI tailwinds and significant long-term potential,” said Aliabadi.
Deal structure
The transaction is expected to close in the first quarter of 2026, subject to closing conditions. Qatalyst Partners served as financial advisor to Nexthink, with Ropes & Gray LLP as legal advisor. Kirkland & Ellis LLP served as legal counsel to Vista Equity Partners.
Nexthink is dual-headquartered in Lausanne, Switzerland and Boston, Massachusetts, with nine offices worldwide. Vista Equity Partners manages more than $100 billion in assets as of June 30, 2025, across a portfolio focused on enterprise software companies.
