Vista Equity Partners completed the $1.7bn investment in SmartBear.

Vista Equity Partners, a global investment firm focused on enterprise software, data and technology-enabled businesses, completed the $1.7bn investment in SmartBear, a provider of software development and quality tools. Francisco Partners, a global technology-focused investment firm, will continue as an investor with Vista and Francisco Partners as equal owners of the company. "Speaking on behalf of everyone at SmartBear, I am thrilled to welcome Vista as investors. Having the significant backing of two leading PE firms demonstrates the tremendous track record our products and employees have delivered so far, as well as the growth and demand in our markets. As every company is rapidly transforming to digital-first, we’re seeing a dramatically increasing demand for SmartBear solutions from developers, testers and entire organizations focused on consistently delivering high-quality software at the speed that business demands," Frank Roe, SmartBear CEO.