CIOReview
CIOREVIEW >> Utilities >>

Nutanix Announces $750 Million Investment From Bain Capital Private Equity to Support Growth Initiatives

By CIOReview | Monday, August 31, 2020
Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced that Bain Capital Private Equity will make an investment of $750 million in Convertible Senior Notes to support the Companys growth initiatives.

Bain Capital Private Equity has deep technology investing experience and a strong track record of helping companies scale, said Dheeraj Pandey, Chairman, Co-Founder and CEO of Nutanix. Bain Capital Private Equitys investment represents a strong vote of confidence in our position as a leader in the hybrid cloud infrastructure (HCI) market and our profound culture of customer delight.

Nutanix is executing on a compelling vision for a differentiated hybrid cloud platform that provides flexible environments and is easily paired with other cloud platforms, commented David Humphrey, a Managing Director at Bain Capital Private Equity. We look forward to working closely with the Board and the management team to build on Nutanixs leadership position and realize its strong vision for the future, added Max de Groen, a Managing Director at Bain Capital Private Equity. In connection with the investment, Humphrey and de Groen will join the Nutanix Board of Directors following the close of the transaction, which is expected to occur in late September 2020.

Bain Capital Private Equity has deep experience in the technology sector, having made investments in a wide range of companies including Applied Systems, BMC Software, CentralSquare Technologies, KIOXIA (formerly known as Toshiba Memory Corp.), NortonLifeLock Inc., Rocket Software, Symantec, Viewpoint Construction Software, Vertafore, Waystar, and Zelis.

Read Also

Change Management: An Important IT Services Process

Change Management: An Important IT Services Process

Lisa Roger, Chief Information Officer, Dewberry
Three Steps to Eliminating Technical Debt

Three Steps to Eliminating Technical Debt

Ed Toner, Chief Information Officer, State of Nebraska
Stepping Up To the Challenge: Managing the Business Impacts of Advancements in Renewable Technologies

Stepping Up To the Challenge: Managing the Business Impacts of...

Derek McKay, CIO, Australia, ERM Power [ASX: EPW]
Outshining Shadow IT

Outshining Shadow IT

John Parks, EVP & Chief Information Officer, Ansira
Driving Deployment of IT Operations

Driving Deployment of IT Operations

Shawn Riley, Chief Information Officer, State of North Dakota