Braintree software firm to be acquired by Vista for $4B

By Lucia Maffei • Published October 23, 2023 • Updated on October 23, 2023 at 2:29 pm

Braintree, MA – September 29: Software startup EngageSmart CEO Bob Bennett poses in his office in Braintree, MA on September 29, 2021. In an earlier stage of his career, Bennett invented the combo fridge and microwave, the microfridge. (Photo by David L. Ryan/The Boston Globe via Getty Images)

One of the state's fastest growing companies is slated to leave the public markets in the coming months after going up for sale in a deal valued $4 billion.

EngageSmart Inc., a customer engagement and payment software provider that went public two years ago, agreed to be bought Monday by an affiliate of Vista Equity Partners. The all-cash deal is expected to close in the first quarter of 2024.

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