Vista Equity explores $1 billion-plus sale of AlertMedia, sources say

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Vista Equity explores $1 billion-plus sale of AlertMedia, sources say

Milana Vinn

Sat, February 14, 2026 at 12:02 AM GMT+9 1 min read

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By Milana Vinn

Feb 12 (Reuters) - Vista Equity Partners is exploring a $1 billion-plus sale of its emergency ‌communications software provider AlertMedia, according to people familiar with ‌the matter.

Vista has hired bankers at JPMorgan to sell the company, ​a process that is in the early stages, the people said, requesting anonymity as the discussions are confidential.

Vista Equity and JPMorgan declined to comment, while AlertMedia did not respond ‌to a request ⁠for comments.

Austin, Texas-based AlertMedia provides emergency communications for thousands of organizations including Walmart, JetBlue, Coca-Cola ⁠Bottling, DHL and Thomson Reuters, the parent company of Reuters news.

AlertMedia generates more than $100 million in revenue and could ​command a ​double-digit revenue multiple, implying a ​valuation of more than $1 ‌billion, the sources said.

Vista Equity invested in AlertMedia in 2021 through its middle-market focused Foundation Fund.

In 2024, private equity firm Thoma Bravo acquired Everbridge, an emergency communications technology provider and rival to AlertMedia, for $1.8 billion.

Last week, Reuters ‌reported that Vista Equity Partners is ​leading a new funding round ​of over $350 million in ​artificial intelligence chip startup SambaNova Systems, marking ‌a rare departure from its ​traditional focus on ​enterprise software.

The software sector has experienced a turbulent few months in the public markets, stalling some dealmaking ​and IPOs as ‌volatility makes valuations unreliable and potential buyers cautious.

(Reporting ​by Milana Vinn in New York; Editing by ​Dawn Kopecki and Nick Zieminski)

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