Great Hill and Spectrum to acquire Varicent Software.

Private equity firms, Great Hill Partners and Spectrum Equity, are set to acquire SaaS-enabled sales solutions provider Varicent Software. Financial terms were not disclosed. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2019. The company expects that its integrated platform will help solve critical pain points for sales, finance and HR constituents. "We're confident that combining Marc's proven leadership skills with Varicent's experienced professionals will build a strong leadership position in this large and addressable marketplace," Drew Loucks, Great Hill Partner.