Summit Partners and Vista Equity Partners Consider Trintech Sale

​Summit Partners and Vista Equity Partners are exploring a potential sale of Trintech, a financial software provider, which could value the company at approximately $2 billion, including debt.

Sources familiar with the matter, who requested anonymity due to the confidential nature of the discussions, revealed that Trintech's current owners are working with Deutsche Bank to manage the sale process. This move is expected to attract interest from other private equity firms.

Trintech, headquartered in Plano, Texas, generates around $200 million in annual revenue and approximately $90 million in earnings before interest, taxes, depreciation, and amortization (EBITDA).

The company's owners anticipate a valuation exceeding 20 times Trintech's core profits. Trintech provides cloud-based software designed for finance and accounting departments, helping organizations manage financial information more effectively. Its clientele includes major companies such as Toyota Motor Corp and the Dallas Cowboys. In 2023, Trintech expanded its reach by acquiring a financial software business from Fiserv, adding 400 new customers to its portfolio.