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Vista Equity Partners Acquires Lanyon
Lanyon, the leading provider of Hospitality Management Solutions, Enters New Phase of Growth
Dallas, TX (January 7th, 2013) – Lanyon, Inc. (“Lanyon”), the leading provider of SaaS-based software solutions for the hospitality industry today announced that it has been acquired by Vista Equity Partners (“Vista”), a leading private equity firm focused on investments in software and technology-enabled services.
“We are excited to begin working with Vista on the next phase of Lanyon’s growth. We share a similar vision for the company, as well as a dedication to delivering outstanding and measurable value to our clients,” said Todd Tyler, President and Chief Executive Officer of Lanyon. “Vista brings an operational discipline that will enable us to continue to scale and serve our clients while we expand our reach and coverage within the industry. “
Lanyon’s senior management team will continue to lead the organization, and will be joined by Steve Cornell, as Chief Financial Officer. Cornell was previously the Vice President of Finance at P2 Energy Solutions, a leading provider of software and data solutions to the upstream oil and gas industry, and brings over 20 years of financial management experience to the Company.
Lanyon provides market-leading content and spend management SaaS solutions for corporations, hotels and travel intermediaries in the global hospitality industry. Lanyon’s solutions enable clients to increase visibility and management of travel spend, and enable hotels to increase revenue through lead generation and marketing solutions. Lanyon serves over 725 corporate clients and over 340 hotel companies, representing over 425 hotel brands and 93,000 hotel properties. Lanyon’s customer base includes 70% of the Corporate Travel 100, 50% of the Global 500, and 70% of the world’s hotel brands.
“Lanyon has shown incredible innovation over the years, delivering truly unique value to its clients and the broader hospitality industry,” said Rob Rogers, principal and co-head of Vista Equity Partners Foundation Fund. “We see a tremendous opportunity to combine our resources and expertise with the great team at Lanyon in this next stage of accelerated growth, and further enhance the level of service and commitment provided to current clients.”
Established in 1984 and headquartered in Dallas, Texas, Lanyon is the leading hospitality solutions provider connecting corporations, hotels, serviced apartments and travel intermediaries in the largest online global hospitality marketplace. Lanyon’s solutions are used by over 725 corporations and 425 hospitality brands representing over 93,000 properties. For further information please visit www.lanyon.com.
About Vista Equity Partners
Vista Equity Partners, a U.S. based private equity firm with offices in San Francisco, Chicago and Austin, currently invests over $6.6 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information please visit www.vistaequitypartners.com.
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