Vector Capital Completes Acquisition of Bigtincan Holdings

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital Management, L.P. (“Vector”), a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful completion of its acquisition of Bigtincan Holdings Limited (“Bigtincan” or the “Company”), the pioneer in AI-driven revenue enablement technology, for A$0.22 per share in cash at an approximate transaction value of A$183 million.

As a result of the consummation of the acquisition, Bigtincan’s shares of common stock will no longer be listed on the Australian Securities Exchange Ltd (“ASX”) and the Company will operate as a privately held entity.

Rob Amen, Managing Director at Vector Capital, said, “Bigtincan has developed a truly unique platform that enables businesses and their customer-facing teams to supercharge sales and communications though AI and other innovative tools. We are confident the business is poised to benefit from multiple tailwinds, including the acceleration of AI adoption, demand for automated and personalized customer experiences, and the rise of vertical-specific SaaS solutions. We look forward to supporting Bigtincan’s leadership team as they continue to execute their strategy and drive long-term growth.”

David Keane, CEO and co-founder of Bigtincan, added, “Completing this transaction marks a significant milestone for Bigtincan and I could not be more excited about the future of our company. Vector Capital has a proven track record of helping software and technology businesses achieve greater scale and identify creative ways to enhance go-to-market strategies. Bigtincan is well-positioned as the partner of choice for leading corporations and we are eager to accelerate the development of our GenieAI solution suite, including AuthoringAI and RolePlayAI. The future of smart, AI-powered enablement is here, and we’re ready to lead the way."

Vector Capital was advised by Johnson Winter Slattery and Sidley Austin LLP as legal counsel, Alvarez & Marsal as financial advisor, and Deloitte LLP as tax advisor. Bigtincan was advised by Gilbert + Tobin as legal counsel.

About Vector Capital Management

Vector Capital is a leading, San Francisco-based investment firm focused on transformational investments in middle-market technology and technology-enabled businesses. Founded in 1997, Vector manages over $4 billion of capital across its credit and private equity strategies on behalf of a high-quality group of global limited partners. For nearly 28 years, we have invested in technology businesses concurrent with implementing an operational transformation to deliver breakthrough operational and financial results. For more information, please visit www.vectorcapital.com.

About Bigtincan

Bigtincan provides revenue enablement solutions with integrated AI to help forward-thinking enterprises facilitate the buying experience of the future. Everything we offer is designed to be smart, flexible, and easily adapted to unique business processes with highly personalized experiences that people and brands love.

From AI to XR and whatever comes next, Bigtincan is committed to not only staying ahead of trends in revenue enablement technology, but creating them as we redefine the future of work for buyers and sellers. Innovative companies like Nike, AT&T, Prudential, Merck, Winnebago, and Clorox trust Bigtincan to enable customer-facing teams to intelligently prepare, engage, measure, and continually improve the buying experience for their customers. For more information about Bigtincan (ASX: BTH), visit: www.bigtincan.com or follow @bigtincan on LinkedIn and X.