In 2018, Vista Equity Partners (Vista), an investment firm that specializes in enterprise software, acquired a majority stake in LogicMonitor, one of the world’s leading SaaS-based performance monitoring platforms for hybrid IT infrastructures and cloud services. Providence Strategic Growth (PSG) continued to retain minority ownership in LogicMonitor.
“This investment by Vista endorses the leadership position we’ve built to date and provides us with an incredible opportunity to leverage their intellectual capital and portfolio of resources to continue to scale our own business,” said Kevin McGibben, the Executive Chairman of LogicMonitor at the time of the acquisition.
McGibben saw the investment from Vista as an opportunity to expand LogicMonitor and propel growth. After the acquisition, LogicMonitor grew not only in size but also its market. In early 2019, LogicMonitor began expanding into the Australian market and rounded out 2019 with 60% year-over-year growth.
With Vista’s backing, the company added new locations in Austin, London, Sydney and Pune, India, and hit significant milestones with 500 employees across nine global offices, 75,000 platform users in thousands of companies worldwide, the development of AIOps capabilities and partner network expansion.
In recognition of LogicMonitor’s achievements in 2020, they won the 2021 Best of Customer Support Award from TrustRadius. In addition, LogicMonitor was honored to receive the 2021 Managed Service Provider (MSP) Innovation Award for Best MSP Partner Program, among other honors based on client and customer feedback and reviews. LogicMonitor was also named to Fortune’s list of Best Workplaces in 2022 and Inc. Magazine’s list of the 5000 Most Successful Companies in America.
In 2024, LogicMonitor announced an $800 million investment of new equity and strategic financing from a consortium of investors including PSG, Golub Capital and others. Vista Equity Partners remained the controlling shareholder in LogicMonitor.
The investment round is fueling LogicMonitor's role in bringing AI to the operational backbone of data centers, ensuring these mission-critical ecosystems operate with optimal performance. Under the leadership of CEO Christina Kosmowski, LogicMonitor helps organizations to manage costs and drive AI growth by balancing rapid innovation with critical efficiency and sustainability.
More About Vista Equity Partners
Founded by Robert F. Smith in 2000, Vista Equity Partners is a leading investment firm that specializes in enterprise software. Vista’s private market strategies – including private equity and credit – seek to deliver differentiated returns through a proprietary and systematic approach to value creation developed and refined over the course of 25 years. Today, Vista manages a diversified portfolio of software companies that provide mission-critical solutions to millions of customers around the world.
To learn more about Vista Equity Partners, connect with Vista on LinkedIn, Facebook, YouTube, Instagram and X.
