Vista Equity explores sale of cybersecurity firm Sonatype, sources say

NEW YORK : Buyout company Vista Fairness is exploring choices including a sale of Sonatype in a deal that might maybe moreover price the cybersecurity company at bigger than $1.5 billion including debt, in step with folks familiar with the topic.

Fulton, Maryland-based mostly completely completely Sonatype has tapped Goldman Sachs to solicit passion from ability patrons, which might moreover embody other deepest fairness corporations, mentioned the sources, who requested anonymity as the topic is confidential.

Vista might maybe moreover also prefer to promote a minority stake in Sonatype, the sources added, cautioning that the discussions are at an early stage and no deal is gruesome. Sonatype currently generates about $150 million in annual habitual revenue and is winning, the sources mentioned.

Vista, Sonatype, and Goldman Sachs declined to commentary.

Sonatype is a provider of technology instruments and gear that helps corporations with tool development, the diagnosis and repairs of launch-source code repositories, and the protection of their tool offer chains.

Sonatype serves bigger than 2000 mission prospects and about 15 million tool builders, in step with its web location. Its purchasers embody banks and financial services and products corporations corresponding to BNP Paribas , ABN Amro and BNY Mellon, and corporations in assorted other industries. It has also worked with government departments including the U.S. Patent and Trademark Notify of job and the U.S. Department of Energy.