CyberShift acquired by SumTotal
Deal Synopsis
CyberShift was acquired by SumTotal Systems, via its financial sponsor Vista Equity Partners, through a leveraged buyout (LBO) on July 6, 2011 for an undisclosed sum.
Seller Details
CyberShift is a provider of workforce and expense-management services. They offer time tracking, scheduling, employee expense management, project management, vacation scheduling, access control, and workforce management software.
Buyer Details
SumTotal Systems is a provider of learning, performance, and talent development software products. The company offers contextual and pervasive HR solutions spanning the entire employee lifecycle. Their solutions help improve employee performance in real time, enabling organizations to discover, develop, and unleash the hidden potential within their workforce and entire business ecosystem.
Vista Equity Partners is a private equity firm headquartered in Austin, Texas. The firm focuses on investing in software, agriculture, construction, education, energy, financial services, government, healthcare, hospitality, insurance, legal, marketing, media, entertainment, real estate, retail, security, telecom, transportation, and technology-enabled business sectors. The firm employs private equity, permanent capital, credit, and public equity investment strategies. The firm has additional offices in San Francisco and Oakland, California, New York, New York, and Chicago, Illinois.