The celebration follows one of Vista Equity Partners’ lucrative moves.

As previously reported by AfroTech, the firm sold Apptio, a Seattle, WA-based software company, to IBM for $4.6 billion. The sale doubled Vista Equity Partners’ revenue after acquiring Apptio back in 2019 — marking a return of 142% on the $1.9 billion investment. Additionally, it was reported that IBM shared “it will use cash on hand to fund the deal, which it expects to complete in the second half of 2023.”