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Private equity firm to buy majority stake in Sonatype

A Fulton maker of software supply chain automation technology has an agreement to receive a majority investment from a technology private equity and venture capital firm.

Sonatype Inc. signed the agreement to receive the investment from Vista Equity Partners, the company announced Monday. Several of Sonatype’s existing investors will retain a stake in the company. Terms of the investment were not disclosed.

Sonatype, which has had annual revenue growth close to 250% over the past three years, plans to grow more quickly and enhance its products as a result of the investment.

The company provides data about open source software components to software engineering teams.


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