AUSTIN, Texas--(BUSINESS WIRE)--Vista Equity Partners, a leading investment firm focused on software, data and technology-enabled businesses, today announced its investment in Allocate Software (“Allocate”), the leading international provider of healthcare workforce management software. The investment will support the company’s next phase of development product innovation and global expansion.
With over 800 customers and one million staff rostered daily, Allocate serves the largest public and private healthcare institutions around the world by supporting the operational and administrative needs of professionals across all healthcare settings. Allocate’s best-in-class solutions enable the delivery of safe and effective care at optimal cost by helping healthcare organizations have the right people in the right place at the right time.
“We are thrilled to partner with Vista to accelerate development and investment in our market-leading solutions,” said Dr. Sati Sian, CEO of Allocate. “Vista’s global experience providing product and operational expertise to its portfolio will benefit our company, our employees, and most importantly, our customers. Our products enable healthcare institutions to manage their workforce more efficiently and effectively, ultimately helping them improve patient care. We are excited to continue investing in our strong innovation to further enable our customers’ mission.”
“Allocate’s market-leading platform and products with next-generation technology uniquely address the needs of the healthcare, defense and maritime sectors,” said Alan Cline, Principal and Co-Head of the Foundation Fund at Vista. “We are excited to work with the Allocate team to help them continue providing trusted and valued solutions to healthcare providers and professionals across the globe.”
Allocate’s Optima, Time Care, RosterOn and Dynama OneView products provide trusted and valued workforce management solutions to customers across Europe, Australia and the United States. The transaction is expected to close in the second quarter of this year. Financial terms have not been disclosed.
About Allocate Software
Allocate Software is a leading international provider of workforce solutions to the healthcare, defense and maritime sectors. Allocate’s solutions support the operational and administrative needs of healthcare professionals in all settings as well as defense and maritime staff globally. In healthcare Allocate Software is enabling the delivery of safe and effective care at optimal cost, by helping organisations have the right people in the right place at the right time. With over one million staff rostered daily, Allocate serves the largest public and private healthcare, defense and maritime institutions around the world. Headquartered in the UK, Allocate Software provides services and support to its international customer base through regional offices in the UK, Sweden, France, Spain, Germany and Australia.
About Optima: Optima is a Software-as-a-Service platform that can optimise the complex staffing requirements of large health and care organisations. Alongside automating sophisticated scheduling and ensuring accurate pay for staff that have complex pay rules, it is unique in providing additional benefits to improve the safety of staffing given changing patient needs, the management of contingent workforce, and the engagement of staff through a dedicated app. Optima can be used to support all workforce groups including doctors, nurses, therapists, care staff, operational staff and administrators.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland with more than $31 billion in cumulative capital commitments, currently invests in software, data and technology-enabled organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.