Growth equity firm Blue Delta Capital Partners has exited its investment in software supply chain automation technology company Sonatype, as a result of the closing of Vista Equity Partners’ majority investment in the company.
Details of the financing have not been publicly disclosed, but Blue Delta reports the transaction provided it and its partners at CNF Investments with a double-digit return.
“It was a privilege and a pleasure to be part of the Sonatype team,” said Mark Frantz, Blue Delta co-founder. “Wayne Jackson is one of the best CEOs in the software sector, he builds incredible management teams and employee talent and we have no doubt that his new partnership with Vista will take the company to even greater heights.”
With more than 300 employees, Sonatype has had “a huge impact” in the software supply chain marketplace, said Blue Delta partner Kevin Robbins, adding “they have also had great growth here in the mid-Atlantic region and the Federal market that we focus on.”
Jackson and Frantz had worked together before on building Sourcefire. Blue Delta became a shareholder in Sonatype when Jackson took over as CEO. Blue Delta has seen Jackson build an international customer base and assemble a leadership team that included Chief Financial Officer Dave Miller and Chief Marketing Officer Matt Howard.