Vista Equity Partners to make majority investment in Nexthink

Nexthink, a category creator and leader in Digital Employee Experience (DEX) management, today announced a definitive agreement to receive a majority investment from Vista Equity Partners ("Vista"), a leading global technology investor specializing in enterprise software.

This strategic investment comes at a time of extraordinary momentum for Nexthink and the entire DEX industry, driven by the emergence of agent-based IT for employees and businesses, which is redefining traditional approaches to IT management and business productivity. Founder and CEO Pedro Bados, along with the Nexthink management team, will continue to lead the company's next phase of growth.

"Vista is the benchmark for software investment and operational excellence," said Pedro Bados, CEO and co-founder of Nexthink. "Their strategic network and extensive experience are invaluable as we move into our next phase. Today, more than 25 million employees worldwide rely on Nexthink to realize their full potential through technology. Our top priority remains accelerating innovation and delivering even greater value to our customers and partners."

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By continuously analyzing billions of real-time signals across devices, applications, and networks, Nexthink provides organizations with a comprehensive, real-time view of technology performance across the enterprise. Its generative and agent AI capabilities enable IT teams to anticipate needs, proactively identify and resolve issues, and automate improvements at scale. The result is faster issue resolution, increased engagement, and a more connected and productive enterprise workforce.

"As work becomes increasingly digital and distributed, businesses face increasing pressure to deliver seamless, high-performance technology experiences to their employees," said Michael Fosnaugh, co-head of Vista's Flagship Fund and senior managing director. "Nexthink's DEX platform enables real-time IT issue detection and resolution, allowing businesses to proactively maintain employee productivity and engagement."

"By combining deep analytics, automation, and a modern data architecture, Nexthink is redefining how enterprises manage their core IT operations while empowering employees to get the most out of the digital platforms they use every day," said Rod Aliabadi, CEO of Vista. "We are excited to partner with Nexthink as it continues to lead the expansion of the DEX market, an attractive segment with strong AI momentum and significant long-term potential."

This transaction consolidates Nexthink's position as one of the world's most successful and innovative enterprise software companies, with more than 1,500 enterprise customers and 25 million employees worldwide.

Qatalyst Partners acted as financial advisor to Nexthink. Ropes & Gray LLP acted as legal advisor to Nexthink. Kirkland & Ellis LLP acted as legal advisor to Vista Equity Partners. The transaction is expected to close in the first quarter of 2026, subject to the satisfaction of certain closing conditions.

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Source:  PRNewswire