July 9 (Reuters) -

Cloud storage firm Nasuni has been valued at about $1.2

billion through a majority investment led by Vista Equity

Partners, the companies said on Tuesday.

Private equity firms TCV and KKR & Co. ( KKR ) will join

Vista in investing in Boston-based Nasuni, which provides hybrid

cloud solutions to over 850 enterprise customers.

The transaction, for which no further details were

disclosed, is expected to close in the coming weeks.

The investment in Nasuni, which was founded in 2009, comes

after Vista and Blackstone completed their acquisition of

Australia's energy market software provider Energy Exemplar.

Vista also acquired a majority stake in TRG Screen in October

2023.

In April, healthcare IT firm Model N entered an

agreement to be taken private by Vista for about $1.25 billion.

Vista had also announced the sale of PowerSchool Holdings ( PWSC )

to Bain Capital in take-private transaction valued at

about $5.6 billion in June.

BofA Securities served as the exclusive financial advisor to

Nasuni. KKR will make its investment through the Next Generation

Technology III Fund.