Vector Capital Completes Acquisition of Aspect Software
San Francisco, CA, USA, Feb 4, 2019 -- Vector Capital, a private equity firm specializing in transformational investments in established technology businesses, announced the successful completion of its acquisition of Aspect Software, Inc. ("Aspect"), a provider of fully integrated customer engagement, workforce optimization, and self-service omni-channel solutions.
In connection with the closing, Patrick Dennis, Operating Executive at Vector Capital, has been named President and Chief Executive Officer of Aspect, and Chris DeBiase has been named Chief Financial Officer.
As an Operating Executive at Vector Capital, Mr. Dennis led the Aspect acquisition process alongside Vector’s investment team. He has a twenty-year track record of leadership in the technology sector, including serving as President and CEO of Guidance Software and has held senior executive roles at EMC and Oracle.
Mr. DeBiase brings 20 years of software and technology industry experience to Aspect, having served as a CFO for a number of private equity-owned software companies. He most recently served as CFO of Vertafore and prior to that served as CFO at Vector Capital-owned Corel Corporation.
"We are pleased to complete this acquisition and welcome Patrick and Chris to the team," said Andy Fishman, Managing Director at Vector Capital. "We look forward to supporting management on the tremendous opportunity in the growing customer engagement and call center space."
Posted by Veronica Silva Cusi, news correspondent
Date Posted: Tuesday, February 5, 2019
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