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Private Equity Portfolio

Details

Year of Investment: 2000
Portfolio Status: Former
Headquarters: College Station, TX
sourcenetsolutions.com

Comprehensive business process outsourcing solutions for finance and accounting processes.

SourceNet Solutions, Inc. provides comprehensive business process outsourcing solutions for Finance and Accounting (F&A) processes. The Company, founded in 1996 and headquartered in College Station, Texas, with operation centers in College Station and Reading, England, offered Fortune 1000 clients a complete outsourced solution for the various non-core F&A processes. These processes included corporate accounts payable, payroll and energy/utilities payment, and information management. SourceNet’s client portfolio included leading Fortune 1000 companies including AT&T Wireless, TXU Energy Services, BNSF, Cemex, Rite Aid, Intersil, Unilever, Doane Pet Care, Tenneco Automotive, and Service Corporation International (SCI).

Vista Equity Fund II acquired majority ownership of SourceNet through a variety of transactions from 2000 to 2004.

SourceNet was acquired by Mellon Financial in December of 2004.