The Largest Ever Venture Funding Round for Utah Company

Pluralsight LLC, a classroom training company, provides developer training services, has raised the amount of $135 million in venture capital, in the largest-ever funding round for a Utah company.

Aaron Skonnard, the company’s co-founder and chief executive, said the company seeks to “democratize tech education” and ensure that tech professionals and job seekers have the hard skills employers demand.

Insight Venture Partners, ICONIQ Capital and Sorenson Capital Partners led the Series B investment in the e-learning startup, which is based outside Salt Lake City.

According to Dow Jones VentureSource, only two other companies in the state have raised more than $100 million in a single round of venture funding before, both earlier this year: Domo Inc. and InsideSales.com Inc.

Mr. Skonnard said Pluralsight was able to attract the new funding thanks to his company’s revenue and user growth in the last two years, as well as increasing appetite in the market for “quality distance learning, content and skilled tech workers.”

Source: Wall Street Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Pluralsight LLC, Utah, Utah Company, Aaron Skonnard, Democratize Tech Education, Insight Venture Partners, ICONIQ Capital, Sorenson Capital Partners, E-Learning Startup, Startup, Salt Lake City, Dow Jones VentureSource, Domo Inc., InsideSales.com Inc.


Boston’s VC Firm OpenView Starts the Raising Process for Its Fourth Fund

OpenView Venture Partners, an American venture capital firm based in Boston, Massachusetts, has started the raising process its fourth fund at $250 million, according to Fortune.

The Boston-based venture capital firm disclosed yesterday in a regulatory filing that it had begun raising the fund, but did not provide any financial target.

OpenView was formed in 2006 as a spinout from New York-based Insight Venture Partners, which was focusing more on large deals. It typically invests between $5 million and $20 million in B2B software companies with between $2 million and $20 million in annual revenue.

Portfolio companies have included ExactTarget (acquired by Salesforce.com), Zmags (acquired by Gores Group), Mashery (acquired by Intel), Monetate and Spreadfast.

Source: Fortune

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Boston, Boston Venture Capital, Massachusetts, OpenView Venture Partners, New York, Insight Venture Partners, B2B Software, ExactTarget, Salesforce.com, Zmags, Gores Group, Mashery, Intel, Monetate, Spreadfast.


Kony Inc. Raises $50M in Venture Capital to Enterprise Mobile Apps

Kony Inc., an Orlando mobile-software company, announced it has raised $50 million in venture capital funding co-led by Softbank Capital and Insight Venture Partners, after reeling in one of the biggest venture-capital deals in Florida so far in 2014.

Fueled by $50 million in new financing, Kony Inc. expects to add jobs in Orlando, other U.S. offices and locations in Canada, Europe and Asia, the company said. Details of the expansion are yet to be determined.

“All of Kony’s offices, including its headquarters in Orlando, are expected to expand,” a spokeswoman said. “But Kony can not predict by how much.”

The fast-growing company, which employs 100 in Orlando, develops mobile platform software for Fortune 500 companies such as AT&T Corp., Citibank, Aetna and Southwest Airlines. The “one-stop” software tools enable companies to build their own mobile apps automatically configured to work on any wireless device.

Kony’s latest round of investment is one of the largest venture-capital deals announced this year in Florida. Second-quarter venture data will be released next month by PricewaterhouseCoopers and the National Venture Capital Association based on Thomson Reuters’ survey.

Source: Orlando Sentinel

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Kony Inc., Orlando, Florida, Mobile-Software Company, Softbank Capital, Insight Venture Partners, Canada, Europe, Asia, Mobile Platform Software, Fortune 500, AT&T Corp., Citibank, Aetna, Southwest Airlines, PricewaterhouseCoopers, PwC, National Venture Capital Association, Thomson Reuters.


SoftBank Capital Leads $50M Financing Round for Kony

SoftBank Capital, the venture capital arm of Japan’s SoftBank Corp, has led a $50 million funding round for Kony’s largest to date, with existing and new investors including Insight Venture Partners, Telstra Ventures and Georgian Partners.

Founded by Raj Koneru in 2007, Kony generates nearly $100 million of revenue and is on the path to an initial public offering, a source close to the company said on condition of anonymity because the discussions were private.

“We have known of the company for a couple of years, we have been talking with the company more seriously about an investment over the last six or nine months,” Steve Murray, a partner at SoftBank Capital, said in a phone interview.

The new financing is expected to allow Kony to get closer to profitability and expand its presence further in Asia, particularly Japan, through SoftBank’s connections.

Source: Times of India

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, SoftBank Capital, Japan, Kony, Insight Venture Partners, Telstra Ventures, Georgian Partners, Raj Koneru, Steve Murray.


Private Equity Firm Reaches Deal to Acquire iParadigms LLC

Insight Venture Partners, a leading global private equity and venture capital firm founded in 1995, reached a deal to acquire anti-plagiarism software company iParadigms LLC for $752 million, including debt.

The Wall Street Journal reported earlier Monday that Insight was nearing a deal to acquire iParadigms from private-equity firm Warburg Pincus. GIC, Singapore’s sovereign-wealth fund, is joining Insight Venture Partners in the deal.

Warburg will make more than six times its initial investment in iParadigms, according to a person familiar with the matter. The firm bought a controlling stake in the company in 2008.

Oakland, Calif.-based iParadigms, founded by student researchers at the University of California, Berkeley, makes cloud-based software that allows educators to review papers for plagiarism and correct citations, among other things. The company’s products, including Turnitin, iThenticate and WriteCheck, review more than 100 million submissions a year and are used in 19 languages in more than 100 countries, it said Monday.

Source: Wall Street Journal

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Insight Venture Partners, Anti-Plagiarism Software, iParadigms LLC, Wall Street Journal, Warburg Pincus, Singapore, Oakland, California, University of California, Berkeley, Turnitin, iThenticate, WriteCheck.


Insight Venture Partners Injects $250M in Australia’s Campaign Monitor

Insight Venture Partners, a leading global private equity and venture capital firm founded in 1995, has invested $250 million in Sydney-based Campaign Monitor, which makes software for email-marketing pitches.

It’s the first time Campaign Monitor has taken a cent from investors, a rarity for a decade-old company.

The injection is among the biggest recent venture rounds. Since the start of 2013, only a few companies, including Dropbox, Airbnb and Uber, raised more money from venture-capital firms, according to data provider Dow Jones VentureSource and Wall Street Journal reporting. It’s also unusual for a single firm to make such a large investment.

Campaign Monitor says its email templates are easy enough for non-tech-savvy employees to use, and it says its prices are flexible enough for companies that blast thousands of emails, or for people who just send a couple of emails a year.

Source: Wall Street Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Insight Venture Partners, Sydney, Campaign Monitor, Dropbox, Airbnb, Uber, Dow Jones VentureSource, Wall Street Journal.


BC Partners Purchases Majority Stake in Dublin Firm

BC Partners, European private equity firm specializing in buyouts, acquired a majority stake in CarTrawler, the Irish technology company behind one of the most widely distributed car rental platforms.

Management at CarTrawler, which supplies a technology platform for online car rentals, will retain a shareholding in the company, while Insight Venture Partners will also acquire a minority stake.

The terms of the deal have not been disclosed.

CarTrawler has over 1,000 partners – including Emirates Airlines, Michelin and American Express.

It also operates the online car rental sites of Holiday Autos and Argus Car Hire.

BC Partners is the owner of the British retailer Phones4U and had previously invested in airline booking technology company Amadeus.

Source: RTE

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, European Private Equity, BC Partners, Buyout, Buyout Fund, Leveraged Buyout, Buyout Firm, CarTrawler, Ireland, Dublin, Online Car Rental, Insight Venture Partners, Emirates Airlines, Michelin, American Express, Holiday Autos, Argus Car Hire, Britain, Phones4U, Amadeus.


MSCI is Selling Proxy Advisory Firm ISS for $364M

The Rockville-based influential proxy advisory firm Institutional Shareholder Services, to be bought out by private equity firm Vestar Capital Partners for a total cash consideration of $364 million.

The deal marks the third ownership change in seven years for ISS, which advises public-company shareholders on how to vote in corporate elections.

Vestar is paying about 10 times ISS’s earnings before interest, taxes, depreciation and amortization, according to a person familiar with the matter. The price tag is about two-thirds of what ISS fetched in 2007, the last time it was sold as a stand-alone entity, although that earlier sale included two smaller businesses that Vestar isn’t acquiring.

Current owner MSCI Inc. said in October it was exploring “strategic alternatives” for ISS, which it acquired as part of its 2010 purchase of RiskMetrics Group.

Another private-equity firm, Insight Venture Partners, last week was the high bidder in an auction, according to people familiar with the matter. But Insight lowered its bid late last week, opening the door for Vestar to emerge the winner from negotiations that continued through the weekend, the people said.

Source: Wall Street Journal

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Rockville, Proxy Advisory Firm, Institutional Shareholder Services, ISS, Vestar Capital Partners, Vestar, MSCI Inc., RiskMetrics Group, Insight Venture Partners.


SpareFoot Banks Additional $10M in VC Funding

SpareFoot, an Austin-based company that provides listings for self-storage units, has banked $10 million in venture capital funding round led by Insight Venture Partners.

Austin-based SpareFoot has raised $26 million since its founding in 2008. New York-based Insight Venture Partners provided $22 million of those funds. Its other major investors include Capital Factory, Floodgate and Silverton Partners.

“SpareFoot will use this latest investment to double down on engineering and product development,” Chuck Gordon, co-founder and CEO, said in a news release. “We believe there is a big opportunity to expand our offerings in the market, and that’s what we’re going to do. Our goal is to make renting a storage unit easier than booking a hotel room, and this new investment will help us make that happen.”

SpareFoot has 120 employees at its downtown headquarters and plans to add more than 40 this year in the customer service, engineering and product development areas, according to the news release.

Source: Silicon Hills News

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, SpareFoot, Austin, Insight Venture Partners, New York, Capital Factory, Floodgate, Silverton Partners, Chuck Gordon.


Insight Venture Partners Leads $75M Series E Funding Round for Tintri

Insight Venture Partners, a leading global private equity and venture capital firm founded in 1995, has led a $75 million series E funding round with participation from existing investors for Tintri, Inc., the leading producer of storage for virtualization and cloud environments.

The new funding brings the company’s total capital raised to $135 million and puts the industry’s only application-aware storage pioneer on-track for a future initial public offering. The funding will accelerate continued global expansion and technology innovation as well as help the company further scale operations and support its rapidly growing customer base.

Tintri also announced that Jeff Horing, co-founder and managing director of Insight Venture Partners has joined the Tintri board of directors. “We meet with thousands of companies each year, selecting a handful to invest in,” said Horing. “Tintri stands out as a company that has turned a bold thought-leading vision into an exceptional market-leading product. We are pleased to partner with Tintri to help the company scale and make application-aware storage ubiquitous in the datacenter and the cloud.”

“Much has been said about how flash is the disruptive technology in the storage industry these days,” said David Cheriton, a Tintri investor who is also renowned as one of the earliest investors of Google and VMware.

Source: MarketWatch

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Insight Venture Partners, Global Private Equity, Private Equity, Private Equity Fund, Private Equity Firm, Private Equity Investment, Tintri, Inc., Jeff Horing, David Cheriton, Google, VMware.


Insight Venture Partners Names Euan Menzies as Its New Venture Partner

Euan Menzies, former chief executive officer of Vertafore, Inc., has been named by the global, growth-focused venture capital and private equity investment firm Insight Venture Partners as its new Venture Partner as part of Insight’s strategy to broaden its multi-disciplinary approach to investment and portfolio company management.

As a Venture Partner, Mr. Menzies will provide strategic guidance to Insight professionals throughout the investment process, from sourcing new investments through exit. He also will advise portfolio company executives on management, operations, growth strategy and M&A, while supporting Insight’s senior investment partners and the firm’s operations team of business executives. Mr. Menzies has had a long business relationship with Insight, stemming from Insight’s investment in Vertafore in 2000.

Jeff Horing, Insight founder and managing director, said, “We are pleased to welcome Euan back to the Insight team following a remarkable career as a software company executive. We believe Euan’s depth and scope of strategic and business experience in the development and growth of SaaS software businesses will help us build value in our existing portfolio and make new promising investments.”

Mr. Menzies said: “I am excited to re-join my colleagues at Insight and support their commitment to building high-value technology companies worldwide. The team at Insight has a track record of success and I am eager to contribute to their efforts.”

Source: Broadway World

 

Tags: Private Equity, Private Equity firm, Private Equity group, Private Equity Company, Private Equity Fund, Private Equity investment, Private Equity investor, Fund of Fund, Private Equity business, Private Equity industry, PE, Euan Menzies, Vertafore Inc., Insight Venture Partners, Jeff Horing, Software, SaaS Software.


2013 Sees More Firms Closing on Capital than in 2012

According to a report released by WSJ, with 205 versus 185 the year before, 2013 saw more firms closing on capital than in 2012.

The increase came at the early-stage level where 151 firms closed on capital, compared with 118 in 2012. Those early-stage firms raked in $9.37 billion, a 51% jump from 2012.

The number of early-stage funds with closings last year was the most since the end of the tech bubble in 2001, when there were 199. Those 2001 funds, however, raised far more capital–$22.47 billion.

Today the concentration of capital in the hands of a few firms remains a fact of life in venture capital. In 2013, 14 funds of $400 million or more closed on $9.94 billion, more than half of the capital raised by all 205 funds with closings last year.

A single fund accounted for 13% of all the capital committed: Insight Venture Partners VIII LP with $2.57 billion. Insight Venture Partners invests in later-stage deals, including growth-equity investments, which many LPs like because they are less risky than early-stage venture deals but still have the potential for high returns.

Source: Wall Street Journal

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Venture Capital Fundraising, Early-Stage Firms, Insight Venture Partners, Later-Stage Deals, Growth-Equity.


Virtual Backup Specialist PHD Virtual Bought by Unitrends

Unitrends, an integrated backup appliance vendor, and private equity-backed by Insight Venture Partners, announced it has acquired virtual backup specialist PHD Virtual Technologies.

Both companies have primary investments from Insight Venture Partners, a New York-headquartered private equity and venture capital firm that acquired Unitrends on Oct. 31. Financial terms of the transaction were not disclosed.

The acquisition will give Unitrends the ability to use PHD Virtual’s technology platform and data protection products to serve small and medium businesses, the Columbia firm said. Unitrends is a provider of all-in-one backup, archiving, instant-recovery and disaster recovery solutions.

The combined company will serve more than 10,000 customers worldwide and have more than 8,000 global channel partner representatives or resellers.

“The small and midsize companies that power today’s economy have significant data protection and disaster recovery needs that have largely gone unmet,” said Mike Coney, president and CEO of Unitrends.

Source: GSA Business

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Private Equity and Venture Capital, Private Equity, Private Equity Firm, Unitrends, Insight Venture Partners, Virtual Backup Specialist, PHD Virtual Technologies, New York, Technology Platform, Data Protection Products, Columbia Firm, Mike Coney.


Shopify Scores $100 Million from Existing Investors

Shopify, an Ottawa-based e-commerce company, has raised $100 million from existing investors, as well as new ones, including OMERS Ventures and Insight Venture Partners, to help the e-commerce start-up expand a recently launched offline retail business.

The company sold about 10% of itself in the funding round, suggesting a valuation of roughly $1 billion.

The series C round also included Insight Venture Partners, Bessemer Venture Partners, FirstMark Capital, Georgian Partners, and Felicis Ventures and adds to $22 million the company raised in 2010 and 2011.

Shopify’s technology lets individuals and merchants set up online stores that accept credit cards and other forms of electronic payments. The platform powers more than 80,000 retailers in 100 different countries including Tesla Motors, Gatorade and Budweiser.

The company recently launched Shopify POS, an iPad application that lets merchants sell products from their Shopify online store in a physical retail setting. That puts the company more into competition with eBay’s PayPal division and the start-up Square, which are also working on in-store mobile payment technologies.

“This new round of funding will help us further expand into physical retail,” said Tobias Lütke, Founder and CEO of Shopify.

Source: USA TODAY

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Birmingham Venture Capital, Shopify, Ottawa, Canada, E-Commerce Company, E-Commerce Startup, Startup, Start-Up, OMERS Ventures, Insight Venture Partners, Bessemer Venture Partners, FirstMark Capital, Georgian Partners, Felicis Ventures, Tesla Motors, Gatorade, Budweiser, Shopify POS, iPad, eBay, PayPal.


Startups Boosting Investors Interests from Twitter’s IPO

An initial public offering from an online social networking and microblogging service Twitter Inc., is sparking investor interest in social startups.

DataSift said today that it raised $42 million from investors led by Insight Venture Partners. Chief Executive Officer Rob Bailey said more than 20 venture-capital funds reached out to invest after Twitter revealed the size of its data-licensing business, in which the microblogging service sells information on its stream of messages to companies like DataSift that help analyze it for insights and trends. Twitter, which soared 73 percent in its IPO debut last month, made $47.5 million in 2012 through the data-mining business.

“Twitter’s numbers were a validation of what we were doing,” Bailey said. “I could always tell when there was a big bit of Twitter news in the market because we’d have a few VCs calling us.”

DataSift is just one beneficiary of increased interest in social-media companies following Twitter’s IPO. Apple Inc. (AAPL) yesterday confirmed it acquired Topsy Labs Inc., another company that analyzes Twitter data. HootSuite Media Inc., which helps social media users plan their posts and personalize their feeds, said interest from private equity and growth fund investors doubled in the months before and after Twitter’s IPO.

Source: Bloomberg

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Initial Publick Offering, IPO, Stock Market, Twitter IPO, Twitter Inc., DataSift, Insight Venture Partners, Rob Bailey, IPO Debut, Apple Inc., Topsy Labs Inc., HootSuite Media Inc., Private Equity, Private Equity Group, Private Equity Firm.


Flipboard Raises an Additional $50M in New Venture Capital Funding

Flipboard, digital magazine app, in advanced talks to raise an extra $50 million in new venture capital funding, according to Fortune.

This would be an extension to the $50 million that Flipboard scored just two months ago, at a reported $800 million valuation.

My understanding is that the round always was intended to be $100 million total, with Rizvi Traverse Management leading both parts. The split was caused by different timing needs of certain Rizvi investors.

Other Flipboard investors include Goldman Sachs (GS), Index Ventures, Insight Venture Partners and Kleiner Perkins Caufield & Byers. Once the new $50 million is in hand, the Silicon Valley company will have raised around $160 million in total funding since its 2010 inception.

Source: Fortune

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Flipboard, Digital Magazine, Magazine App, Rizvi Traverse Management, Goldman Sachs, GS, Index Ventures, Insight Venture Partners, Kleiner Perkins Caufield & Byers, Silicon Valley.


Insight Venture Partners Backs Unitrends

Insight Venture Partners, a New York headquartered leading global private equity and venture capital firm, has backed Unitrends, a South Carolina-based data backup and recovery firm with a 75-person sales and marketing office in Burlington, MA.

“Unitrends is in a stronger-than-ever position to transform the way data protection is delivered,” said Mike Coney, president and CEO of Unitrends. “The principles that the Unitrends brand is built on – our business-friendly model, product development and go-to market strategies, and laser-like focus on customer support – will remain unchanged. This foundation, combined with our partnership with Insight Venture Partners and its expertise in the software and technology industries, will enable us to accelerate our growth through the expansion of our existing offerings.”

“Unitrends’ proven track record of success has made it one of the fastest growing data protection vendors in the industry, known for its powerful, cost-effective and easy-to-use solutions,” said Mike Triplett, managing director at Insight Venture Partners. “We are excited to partner with the Unitrends team and support their growth in existing and adjacent markets.”

Source: Digital Journal

 

Tags: Private Equity, Private Equity firm, Private Equity group, Private Equity Company, Private Equity Fund, Private Equity investment, Private Equity investor, Fund of Fund, Private Equity business, Private Equity industry, PE, New York Private Equity, NY Private Equity, Insight Venture Partners, Unitrends, South Carolina, Data Backup, Recovery Firm, Burlington, Massachusetts, Mike Coney, Software and Technology Industries, Mike Triplett.


Anaqua Closes $25M Financing Round from BVP

Bessemer Venture Partners (BVP), an American global venture capital firm with offices in Silicon Valley, New York, Boston, Herzliya, Israel, and Mumbai and Bangalore, India, has invested a total cash consideration of $25 million in a Larchmont, New York-based provider of intellectual asset management (IAM) software and services Anaqua.

This investment follows a growth equity investment Anaqua received from Insight Venture Partners in July of this year.

Anaqua’s software helps leading global companies grow and protect their intellectual property, including inventions, patents, trade secrets, brands and trademarks, and helps law firms improve their IP practices. Anaqua’s SaaS-based platform enables companies to align their intellectual property with their business goals, prosecute and secure it; and create value through more efficient licensing. Companies are further able to pay for IP maintenance in multiple global jurisdictions using Anaqua’s payment services platform. More than 20,000 users in over 100 countries are using Anaqua to manage approximately $500 billion in intellectual assets; these include users from Microsoft, Ford, Kimberly-Clark, Eastman Chemical and The Coca-Cola Company. Source

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, US Venture Capital, Silicon Valley Venture Capital, Bessemer Venture Partners, BVP, Silicon Valley, New York, Boston, Herzliya, Israel, Mumbai, Bangalore, India, Larchmont, New York, Anaqua, Insight Venture Partners, SaaS, Microsoft, Ford, Kimberly-Clark, Eastman Chemical, The Coca-Cola Company.


BMC Software Closes Its Big Going Private Deal

BMC Software, an American company specializing in business service management software, has closed its big going private deal, in a $6.9 billion deal financed by private equity investors Bain Capital, Golden Gate Capital, GIC Special Investments Pte Ltd and Insight Venture Partners.

In a latter to customers and partners, BMC’s Chairman and CEO, Bob Beauchamp, said that the transaction is “good news” and that going private will allow the company to “move faster” and deliver the solutions its customers have been asking for. BMC announced the deal in May. Source

 

Tags: Private Equity, Private Equity firm, Private Equity group, Private Equity Company, Private Equity fund, Private Equity investment, Private Equity investor, Fund of Fund, Private Equity business, Private Equity industry, PE, BMC, BMC Software, Bain Capital, Golden Gate Capital, GIC Special Investments Pte Ltd, Insight Venture Partners, Bob Beauchamp.


BMC Software Becomes a Private Company in a $6.9B Deal

BMC Software, Inc., an American company specializing in business service management software, announced it has completed its move to go private with its acquisition by a group of investors led by private equity companies Bain Capital and Golden Gate Capital.

This is an exciting day for BMC Software, including our employees, our partners and our new owners,” said Bob Beauchamp, the Company’s chairman and chief executive officer. “Most importantly, this transaction is very good news for our customers. As a private company, we will be able to innovate more quickly than ever before and deliver the most valuable IT management solutions in the industry.”

“BMC is the leading global provider of cloud, mainframe and mobile IT management solutions to enterprises across the globe,” Ian Loring, managing director at Bain Capital, said. “We are excited to support BMC’s management team as they drive profitable growth. Working together, we will deliver innovative new IT management solutions that transform the way companies – and their employees — do business.” Source

 

Tags: Private Equity, Private Equity firm, Private Equity group, Private Equity Company, Private Equity fund, Private Equity investment, Private Equity investor, Fund of Fund, Private Equity business, Private Equity industry, PE, BMC Software, BMC Software, Inc., Software, Computer, Bain Capital, Golden Gate Capital, Bob Beauchamp, IT, Ian Loring, Insight Venture Partners, GIC Special Investments Pte Ltd, GIC, Elliott Management Corporation.


Insight Venture Partners Injects $15M in Wishabi

Wishabi, a company dedicated to transitioning print retail advertising online, announced that they have landed a $15 million Series B financing round from Insight Venture Partners. The new capital will be used to speed up the development and deployment of new technology and for continued rapid growth in the U.S. market.

Retailers today spend an estimated $18 billion to print and distribute advertising flyers, also known as circulars, through direct mail and in daily and weekly newspapers.

Using Wishabi’s digital circular platform, retailers now are delivering hyper-local, hyper-personal flyers to current and prospective customers. The technology uses deep integration with retailer databases to digitally distribute circulars direct to consumers and through premium media partners – including MSN, Chicago Tribune, Los Angeles Times and CBS.  Retailers using Wishabi’s platform currently reach hundreds of millions of consumers annually on a range of digital devices.

“Over the past three years, we’ve built a platform that allows retailers to reinvent their circulars for the digital and mobile age and to evolve their circular experience for today’s digitally-minded consumer,” said Wehuns Tan, CEO of Wishabi. “This investment will allow us accelerate our product development as we continue our mission to help retailers increase sales of the right products via the right advertising.” Source

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Wishabi, Series B Financing Round, Insight Venture Partners, U.S. Market, MSN, Chicago Tribune, Los Angeles Times, CBS, Wehuns Tan.


Insight Venture Partners Puts Its Chips on FilmTrack

The venture capital group with investments in Twitter and Flipboard, Insight Venture Partners, has bided $20 million in FilmTrack, a rights management company for the entertainment industry.

FilmTrack helps producers and distributors of film and television content manage their intellectual property using a cloud-based software system. Its clients include Miramax, Focus Features, Lionsgate Entertainment and Starz, a US premium cable channel.

The company said it would use the funds to “support rapid growth” as it expanded its client roster. It declined to comment on how much equity Insight had acquired.

As part of the deal, Peter Sobiloff and Nikitas Koutoupes, managing directors at Insight, will join the FilmTrack board.

The emergence of more digital platforms for viewing film and TV content, such as Netflix, Hulu and YouTube, has created a minefield for entertainment companies, particularly with the growth of new international markets.

“Wider distribution via mobile and the internet has exploded licensing and viewership opportunities,” said Jason Kassin, FilmTrack chief executive. “We help clients reap the benefits from this trend.” Source

 

Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, Insight Venture Partners, Twitter, Flipboard, FilmTrack, Miramax, Focus Features, Lionsgate Entertainment, Starz, Peter Sobiloff, Nikitas Koutoupes, Netflix, Hulu, YouTube, Jason Kassin.


HootSuite’s Latest Financing Round Allows Blumberg Capital to Hit a 52X Return

Blumberg Capital is one of those who benefited from HootSuite’s $165 million Series B financing. HootSuite’s latest financing round allowed Blumberg Capital to obtain a 520% return from their initial investment in just four years.

Blumberg Capital and Hearst Ventures led the original seed round financing of HootSuite in December 2009 and a subsequent financing in 2011. Blumberg Capital has been the largest institutional shareholder in HootSuite until today’s Series B funding.

Today, HootSuite announced a $165 million Series B financing, led by Insight Venture Partners with participation from Accel Partners and existing investor, OMERS Ventures.

“I congratulate Blumberg Capital on their success with HootSuite, which demonstrates what many of us have known for years – that Blumberg is often the first institutional investor to identify and fund savvy entrepreneurs with truly innovative ideas,” said Dennis Phelps, General Partner with Institutional Venture Partners (IVP). “I’m familiar with many of the other companies in Blumberg’s portfolio, and HootSuite is just one of several that could generate very large returns for the firm.”

“Blumberg Capital, a top early-stage investor, first discovered HootSuite at our first #140 Conference in 2009, a premier event for innovative social media startups” said Jeff Pulver, creator of #140conf and Chairman of Zula. “David Blumberg and his team have been extremely successful at helping HootSuite grow rapidly and are now making an outstanding return.” Source

 

Tags: Venture Capital, Venture Capital firm, Venture Capital investment, Blumberg Capital, Series B financing, HootSuite, Hearst Ventures, Insight Venture Partners, Accel Partners, OMERS Ventures, Dennis Phelps, Jeff Pulver, Zula, David Blumberg.


Wilson Holding Company



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