Code.org Announces $3 Million Multi-Year Commitment from Vista Equity Partners Plus Increased Collaboration among Vista Employees and Its Portfolio Companies

SEATTLE–(BUSINESS WIRE)–Today Code.org announced a major donation and increased collaboration
with Vista Equity Partners together with several of its portfolio
companies. Vista is the leading investment firm for enterprise software,
data, and technology-enabled businesses. The donation, which totals $3
million over three years, will be used to prepare existing teachers to
begin teaching computer science, to broaden access to students in
neighborhoods which previously had no pathway of opportunity or access
to study this subject in school, and to improve and expand Code.org’s
courses, which are already the most broadly used curriculum in K-12
computer science.

These contributions by Vista and several of its portfolio companies
build on a continuing collaboration between Vista and Code.org. Vista
regularly hosts “Hour of Code” events in its Austin headquarters, as
well as in its other offices, and increasingly at the offices of Vista’s
40-plus portfolio companies around the United States and globally. In
addition, one of Vista’s portfolio companies, PowerSchool, will
integrate access to Code.org across the PowerSchool student information
system (SIS) and through their Unified Classroom Learning Management
(LMS) platform. This will provide seamless class and student roster
integration, alignment of curricula and instructional content, and will
empower professional development and sharing of best practices for
teachers using Code.org’s courses and curriculum into the future.
PowerSchool is the leading K-12 education technology provider of
solutions that improve the education experience for 100 million
students, teachers, and parents in more than 8000 districts and 70
countries around the world.

“We are thrilled to partner with Vista, and especially grateful for
their multi-year commitment,” said Hadi Partovi, CEO of Code.org. “This
type of sustained commitment is critical to our success. Vista’s Founder
& CEO, Robert Smith, Co-Founder & President Brian Sheth, and their
leadership team, are the embodiment of diversity and critical role
models for our students for how STEM and computer science can unlock
doors to opportunity for young people of all backgrounds. This unique
collaboration provides Code.org with both multi-year financial resources
and also the know-how, people, ideas and vast reach of the more that 40
software companies in Vista’s portfolio.”

“My parents, both of whom were public school teachers and principals,
shared with me their love of learning and discovery,” said Robert F.
Smith, Founder, Chairman & CEO of Vista Equity Partners. “My
understanding of engineering at the dawn of the internet age gave me a
competitive edge as we founded and built Vista and our portfolio
companies over these last years. For young people today, digital
fluency, coding, and computer science education will be fundamental to
opportunity and success. The Vista family of employees and portfolio
companies are thrilled to make this multi-year commitment to expand our
partnership with Code.org, which is making an extraordinary impact,
especially with students who otherwise would not have access to these
critical skills.”

Code.org is a non-profit dedicated to expanding access to
computer science and increasing participation by women and
underrepresented minorities. Code.org’s vision is that every student in
every school should have the opportunity to learn computer science, just
like biology, chemistry or algebra. Code.org organizes the annual Hour
of Code campaign which has engaged 10% of all students in the world and
provides the leading curriculum for K-12 computer science in the largest
school districts in the United States.

Vista Equity Partners, a U.S.-based investment firm with offices
in Austin, San Francisco, Chicago, and Oakland with more than $30
billion in cumulative capital commitments, currently invests in
software, data and technology-enabled organizations led by world-class
management teams with long-term perspective. Vista is a value-added
investor, contributing professional expertise and multi-level support
towards companies’ realizing their full potential. Vista’s investment
approach is anchored by a sizable long-term capital base, experience in
structuring technology-oriented transactions, and proven management
techniques that yield flexibility and opportunity in private equity
investing. For more information, please visit http://www.vistaequitypartners.com.

Contacts

For Code.org
Min Yoo, +1-360-499-3250
min@code.org
or
For
Vista:
Alan H. Fleischmann, +1-202-776-7776
vista@laurelstrategies.com