Here’s why private equity is increasingly gobbling up New England tech firms

By   – Technology Reporter, Boston Business Journal|

This week, Acquia Inc. became the latest Massachusetts tech company to be acquired by a private equity firm when Vista Equity Partners bought it in a deal reportedly valued at $1 billion.

Experts say such exits reflect the growing interest of private equity firms in New England companies — a trend with several upsides as well as drawbacks.

Vista Equity Partners alone — which invests in software, data and technology-enabled companies — has added several Bay State companies to its portfolio. In 2017, it acquired a software maker that was eyeing an IPO, Framingham-based Applause Inc. Since January, it also owns a majority stake in Quick Base, a Cambridge-based software company that used to be part of Intuit Inc. In Rhode Island, Vista made an undisclosed investment in Upserve, a restaurant analytics software company.

Read this article from the Boston Business Journal HERE.