Vista is a global investment firm focused on empowering and growing enterprise software, data and technology-enabled companies.
It has more than $57 billion in cumulative capital commitments and its global network of companies
collectively represents the fifth-largest enterprise software company in the world.
Commenting on the deal, Reliance Industries
Chairman and Managing Director Mukesh Ambani said: “I am delighted to welcome Vista, one of the world’s marquee tech investors as a valued partner. Like our other partners, Vista also shares with us the same vision of continuing to grow and transform the Indian digital ecosystem for the benefit of all Indians. They believe in the transformative power of technology to be the key to an even better future for everyone. In Robert and Brian, whose family hails from Gujarat, I found two outstanding global technology leaders who believe in India and the transformative potential of a Digital Indian Society. We are excited to leverage the professional expertise and multi-level support that Vista has been offering to its investments globally for the benefit of Jio.”
Commenting on the investment, Robert F. Smith, Founder, Chairman and CEO of Vista, said, “We believe in the potential of the Digital Society that Jio is building for India. Mukesh’s vision as a global pioneer, alongside Jio’s world-class leadership team, have built a platform to scale and advance the data revolution it started. We are thrilled to join Jio Platforms to deliver exponential growth in connectivity across India, providing modern consumer, small business and enterprise software to fuel the future of one of the world’s fastest growing digital economies.”
The transaction will be subject to regulatory and other customary approvals.