Actua’s GovDelivery Got Bought by Vista Equity Partners for $153 Million

Scott Burns

Actua Corporation, a Radnor, Pa.-based cloud computing company, announced on Wednesday it had completed the sale of GovDelivery to an investor group led by Austin, Texas-based venture firm Vista Equity Partners.

The overall sum for the deal? A hefty $153 million in cash.

Back in 2009, Actua dished out $20 million to acquire the Minnesota-based digital communications company for governments. The completion of the exit, announced on Wednesday, amounts to a nifty 7x return for the Main Line firm.

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