SRC Software, Inc. ("SRC") was a leader in providing planning, budgeting and reporting solutions for mid-sized and large businesses. The company’s Performance Management software combined an Excel-based user interface with the power of a relational database. The company sold its software into a broad range of industries, with particular expertise in heath care and banking.
SRC was founded in 1984, and installed its first system in 1987. The corporate office was in Portland, Oregon, with additional sales offices throughout the United States, Europe, and Asia. The company marketed its software through inside and outside sales, and strategic partners.
Vista Equity Fund II acquired majority ownership of SRC in May of 2002.
SRC was acquired by Business Objects in August of 2005 for approximately $100 million.