Vista Equity Partners Invests In Supply Chain Software Provider Resilinc
May 8, 2023 by Joe Panettieri
Private equity firm Vista Equity Partners has invested in Resilinc, a supply chain software provider and Salesforce cloud partner that assists end-customers with ESG (environmental, social and governance) compliance. Financial terms of the deal were not disclosed.
Resilinc, founded in 2010 by CEO Bindiya Vakil (pictured, top of page), is based in Milpitas, California. The company had 278 employees listed on LinkedIn as of May 8, 2023.
Resilinc: Supply Chain Software for ESG Visibility, Risk Management
Resilinc develops supply chain mapping and resiliency analytics software. Customers leverage the software -- built on Salesforce.com -- to maintain "resilient, sustainable, secure, and transparent supply chains," the company said. Resilinc's software algorithms scan over 100 million news and data sources to sense disruptions across suppliers, sites, and materials, identifying alternate sources and providing companies appropriate mitigation actions, the company added.
The Resilinc investment involves Vista’s Endeavor Fund, which provides growth capital and strategic support to software and technology companies that have achieved at least $10 million in recurring revenue. Josh Gray, operating managing director at Vista, has joined Resilinc’s board of directors.
In a prepared statement about the funding, Resilinc CEO Bindiya Vakil said: “This growth investment comes following the tremendous success Resilinc has achieved in providing our customers with leading supply chain resiliency capabilities; it will also further accelerate our software and data offerings in response to the market’s demands for best-in-class multi-tier supply chain mapping and monitoring. Resilinc and Vista share the same vision of making global supply chains more resilient. Vista’s team of investors, operators, technologists, and entrepreneurs understand the unique opportunity of a company like ours and we look forward to partnering with them in our next phase of growth.”
Added Rachel Arnold, co-head of Vista’s Endeavor Fund and senior managing director: "Resilinc operates in a market ripe for transformational growth. Its solutions provide companies hyper visibility into the granular aspects of their supply chain along with actionable insights to proactively steer decision making. Bindiya is a visionary founder, and we are excited to partner with her and the entire Resilinc team as they continue to innovate, grow, and define the industry.”