Vista Equity Partners Takes Majority Stake In Nexthink To Drive Next Phase Of Growth

The investment comes amid rapid growth in the DEX market, fueled by the rise of agentic IT transforming how businesses enhance productivity and employee experience. Founder and CEO Pedro Bados, along with the leadership team will continue guiding Nexthink through its next stage of expansion.

"Vista is the gold standard in software investment and operational excellence," said Pedro Bados, CEO and Co-Founder of Nexthink. "Their strategic network and deep expertise are invaluable as we scale to our next stage. Today, more than 25 million employees around the world rely on Nexthink to unlock their full potential through technology. Our top priority remains accelerating innovation and delivering even greater value to our customers and partners."

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Nexthink continuously analyses billions of real-time signals across devices, applications, and networks to give organizations a complete view of their technology performance. Using generative and agentic AI, it empowers IT teams to predict needs, resolve issues proactively, and automate large-scale improvements resulting in faster problem resolution, higher engagement, and a more productive, connected workforce.

"As work becomes increasingly digital and distributed, businesses face mounting pressure to deliver seamless, high-performing technology experiences for their employees," said Michael Fosnaugh, Co-head of Vista's Flagship Fund and Senior Managing Director. "Nexthink's DEX platform enables real-time detection and resolution of IT issues — empowering enterprises to proactively maintain productivity and employee engagement."

"By combining deep analytics, automation and a modern data architecture, Nexthink is redefining how enterprises manage core IT operations while enabling employees to get the most out of the digital platforms they use every day," said Rod Aliabadi, Managing Director at Vista. "We're excited to partner with Nexthink as it continues to lead the expansion of the DEX market, an attractive segment with strong AI tailwinds and significant long-term potential."

The investment further cements Nexthink’s reputation as one of the world’s most innovative and successful enterprise software companies, serving over 1,500 global enterprises and 25 million employees. Qatalyst Partners acted as Nexthink’s financial advisor, with Ropes & Gray LLP providing legal counsel. Kirkland & Ellis LLP advised Vista Equity Partners. The transaction is expected to close in Q1 2026, pending customary conditions.

About Nexthink

Nexthink is a global leader in Digital Employee Experience (DEX) management software, empowering IT leaders to proactively detect, diagnose and resolve issues across devices, applications, and networks before employees are affected. Using agentic AI and advanced analytics, Nexthink enhances digital experiences and productivity for millions of employees across thousands of organizations.