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Software’s Next Chapter: Robert F. Smith on The Next Era of Enterprise Platforms

February 10, 2026

Vista’s Founder, Chairman and CEO Robert F. Smith outlines how we see the next chapter of enterprise software unfolding in the age of AI.

As software evolves from tools to agentic solutions that execute real work, Robert explains why not every company will successfully adapt. He discusses the scale of the market expansion ahead for those that do — and why Vista believes the most significant AI-driven opportunities are emerging in private markets.

Important Disclosures

Videos by Vista Equity Partners Management, LLC (together with its affiliates, “Vista Equity Partners”) contain the opinions of past and present Vista Equity Partners and portfolio company personnel. Vista Equity Partners makes no representation or warranty of any kind, express or implied, as to the accuracy or completeness of the information in these videos. It should not be assumed that the portfolio companies discussed in these videos were profitable or that future portfolio companies or experiences will be comparable. Past performance is not necessarily indicative, or a guarantee, of future results. Under no circumstances should these videos be construed as an offer to sell, or a solicitation to buy, any security or as opinions regarding the provision of investment advisory services by Vista Equity Partners. The titles as represented are a reflection of individual roles and work at the time of filming and not necessarily indicative of current or future positions. Vista Consulting Group (“VCT”) personnel are not employees or partners of Vista Equity Partners and are compensated separately for their services by portfolio companies or the funds managed by Vista Equity Partners. Portfolio companies as represented are a reflection of Vista Equity Partners’ private equity portfolio at the time of filming and not necessarily representative of Vista Equity Partners’ current or future private equity portfolio. Branding of Vista Equity Partners’ private equity portfolio companies, including logos or other brand expressions, is a representation of such companies branding at the time of filming and is not necessarily indicative of current or future branding.

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