Cloud storage firm Nasuni valued at about $1.2 bln in majority investment led by Vista

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. 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.