About Vistara Growth

Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in.  For more information, send us a message by contacting us here.

About Vyopta

Vyopta was founded in 2007 and transforms how organizations deliver exceptional collaboration experiences by providing contextual intelligence, unified visibility, and actionable alerts for business collaboration applications, devices, and infrastructure.

Why Vistara?

A Reliable Growth Partner, Not a Formulaic Lender

Vistara has delivered on its promise of flexible growth capital, support and partnership. We began discussions pre-COVID and closed mid-2020 with Vistara following through on original deal terms despite peak uncertainty in the world and markets. They later followed on with additional growth capital, showing conviction and trust in our team and strategy. Vistara has always been true to their word, a big advocate for our company, and a great partner overall.” said CEO and co-founder Alfredo Ramirez.

The Outcome

Vyopta acquired by HP without incurring dilution over its final four years

It wasn’t always a bottom left to top right trajectory.  As Vyopta’s enterprise, government, and education customers shifted from conference rooms with complex video collaboration hardware to their living rooms on a range of devices, and the big shift from some of the legacy providers to Zoom and Teams, Vyopta had to remain nimble and keep up with the rapid change.  The team dug deep and ultimately came out a stronger organization with best-in-class technology and support for the complex multi-vendor collaboration stacks that we are all now accustomed to. 

In June 2024, Vyopta was acquired by HP, which saw Vyopta as a strategic fit to strengthen its Workforce Experience platform. The acquisition allows HP to expand its offerings for businesses seeking to improve collaboration and hybrid work environments.

For the investors at Elsewhere Partners and the Vyopta team, especially the co-founders, Vistara’s capital helped the company hit multiple milestones without dilution over a four-year period.  When Vyopta began exploring strategic alternatives, it had a simple cap table without a significant preference stack and had achieved the profitable growth profile demanded by buyers in the current market.  We congratulate HP on a savvy purchase and extend our appreciation to the entire Vyopta team and investors for this successful exit.

Learn more about Vistara.

Now in our fourth year of partnership with the Beedie Luminaries program, we are proud to introduce the 2024 recipient of the Vistara Elevate Award, Tina Zeng! Hailing from Burnaby, B.C., and a graduate of Moscrop Secondary School, Tina is embarking on her post-secondary education at SFU Beedie School of Business, where she plans to pursue a degree in Finance.

The Vistara Elevate Award supports students from underrepresented ethnic and racial backgrounds pursuing degrees in finance, entrepreneurship, and STEM fields. Tina will receive a full tuition scholarship for her first year of study and a summer internship in 2025. Additionally, she will benefit from mentorship support from Vistara Senior Associate Tracy Zhang throughout her four-year post-secondary program.

Throughout her high school years, Tina has exhibited exceptional dedication and resilience in both her academic and extracurricular endeavors. Actively nurturing her creativity and discipline through dance and photography. Through capturing the world through lens, Tina has also developed a profound interest in environmental sustainability, especially within the fashion industry.

Her passion for fashion sustainability blossomed at a young age, leading her to design and sew her own clothing. Tina’s drive to stay engaged and continually explore new things fuels her ambition to create meaningful changes in her community and beyond.

Supported by her family, Tina looks forward to the future with optimism, eager to embrace new opportunities, meet new people, and tackle upcoming challenges.

We recently had the pleasure of meeting Tina in person at the Night for Bright Minds event, where Beedie Luminaries introduced their 2024 Cohort. We are excited to support her as she embarks on this journey. In her internship at Vistara, Tina will gain invaluable first-hand experience as a technology investor, immersing herself in the dynamic world of successful founders and the real-world challenges they navigate in running a business. This exposure will not only enrich her academic pursuits but also provide her with the insights and skills necessary to excel in her entrepreneurial ventures. We look forward to celebrating her many future accomplishments and providing steadfast guidance and encouragement every step of the way.

“With the Vistara Elevate Awards, we recognize, reward, and provide hands-on support to a growing number of students in particular key interest areas, who have faced enormous challenges to get this far, and have demonstrated a desire to elevate themselves further through the pursuit of higher education.  “Vistara” is the Sanskrit word for “expansion”.  In our world of finance, we think a lot about multiplier effects and return on investment. With this continued investment in our future, and drawing on inspiration received from other businesses and leaders who are doing their part, over the past 4 years we have been able to help young women and men expand their scope of opportunities and achieve their full potential, becoming role models to their peers, families, and in the community at large, and have that multiplier effect on future generations to come. With that, we’re excited to continue empowering these talented individuals to reach new heights and are thrilled to welcome our newest recipient, Tina Zeng, to the Vistara family” says Randy Garg, Vistara’s Founder and Managing Partner.

About The Elevate Awards

Through the Beedie Luminaries program, Vistara has made a $100,000, 5-year commitment to award scholarships to students of ethnic and racially diverse backgrounds. The Vistara Elevate Award is awarded annually to one student who is pursuing a degree in finance, entrepreneurship, and/or STEM (Science, Technology, Engineering & Math). Click the button below to learn more.

We’re proud to announce our support of DataCore, an advanced data storage technology company, by leading their $60 million capital raise.

Founded in 1998, DataCore is a provider of software-defined storage (“SDS”) solutions for on-premise, edge, and cloud-based deployments. DataCore’s SDS solutions intentionally separate the functions responsible for provisioning capacity, protecting data, and controlling data placement from the physical hardware on which data is stored which allows storage hardware to be easily replaced, upgraded, and expanded.

John O’Donoghue, who led the investment for Vistara Growth, said, “As a pioneer in data storage and infrastructure solutions, DataCore is well positioned to capitalize on the increasing data volumes generated by corporate digital transformations. We have seen first-hand how DataCore’s customers depend upon their flexible, hardware-agnostic solutions for critical, high-availability storage workflows, and we are excited to partner on their next phase of growth. DataCore’s track record of delivering cutting-edge infrastructure solutions is supported by 25 years of R&D and innovation further enhanced by strategic acquisitions.”

Proceeds from the $60 million growth financing will accelerate the company’s global expansion plans and help further develop DataCore’s edge and AI-powered solutions portfolio.

About Vistara Growth

Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in.  For more information, visit vistaragrowth.com.

About Vistara Growth

Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in.  For more information, send us a message by contacting us here.

We’re excited to share the news that Vistara Fund IV portfolio company Skytap has been successfully acquired by Kyndryl (NYSE:KD), the world’s largest IT infrastructure services provider ($6B IT infrastructure spinoff from IBM). Vistara’s investment in Skytap was announced in October 2023.

The opportunity with Skytap was sourced through a relationship with the company’s CFO, who previously held the same role at BitTitan, a Vistara Fund III portfolio company which exited to a private equity backed strategic in June 2021. Skytap was seeking incremental growth capital to achieve additional milestones ahead of a potential exit without having to price the company’s equity ahead of a transaction – a common use case for Vistara’s flexible and often less dilutive growth capital.

Skytap’s innovative technologies for managing complex workloads in cloud native environments will now be leveraged by Kyndryl to help more customers accelerate their adoption of advanced analytics, artificial intelligence, and DevSecOps.

Noah Shipman, Partner at Vistara Growth, commented “We are glad to have played a part in the final mile of Skytap’s journey, providing capital for the company to achieve some important milestones and a strong balance sheet ahead of its sale process.  We thank the Skytap team and its investors for selecting Vistara to finance the last leg of growth and congratulate Kyndryl on its strategic acquisition of a great technology platform and company.”

About Vistara Growth

Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in.  For more information, visit vistaragrowth.com

About Vistara Growth

Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in.  For more information, send us a message by contacting us here.

We’re proud to announce our growth investment in Vancouver-based Clariti Cloud (“Clariti”). Led by Cyrus Symoom, and Jake Dancyger, and acquired through their search process in 2020, Clariti is the premier SaaS provider for permitting and licensing solutions to state, provincial, and local governments in the U.S. and Canada.

“Permitting and licensing are primary revenue drivers for local governments and Clariti ensures that their customers can deliver modern solutions to their citizens,” says Neil Kenley, Principal at Vistara Growth. “We have been able to see first-hand the benefits that Clariti can provide customers through the modernization of legacy systems. Clariti drives significant improvements in speed and ease of use for both government employees and the citizens who use their platform – all while reducing the overall cost of ownership for the provider.”

About Vistara Growth

Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in.  For more information, visit vistaragrowth.com