Cvent had been founded by Reggie Aggarwal in 1999. It was part of a new wave of deals for Vista in which it bought high-growth software companies at big valuations with lots of equity instead of legacy software companies. ![]() In 2016, Vista acquired Cvent, which makes software for managing and organizing events, for $1.65 billion. While Vista recruits some of its CEOs, others are founders of software companies it buys. Now, Nimsger runs Social Solutions, a Vista-owned company that also makes software for the charitable giving industry, but focuses on non-governmental agencies and non-profits that provide services to those in need. ![]() In 2014, Vista sold MicroEdge for $160 million and made more than seven times its investment. Nimsger headed MicroEdge’s transformation from an on-premise software company to a cloud-based software-as-a-service outfit. Vista recruited Nimsger from her job at Thomson Reuters to run MicroEdge, which makes software for private foundations and grant-making organizations. ![]() Nimsger ended up running Kroll Ontrack for a decade, growing it into a business with $250 million in revenues that was ultimately purchased by Providence Equity Partners for $1.1 billion. It was after a random lunch 17 years ago that Nimsger took her $100,000 of student loans she had just accumulated to get a law degree and joined a software start-up that provided data recovery services. Nimsger started out as a product liability lawyer for the insurance industry in Minneapolis.
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