CrowdOptic Inks Debt Financing
May 18, 2012
Silicon Valley Bank has provided an undisclosed amount of new debt financing for mobile application maker CrowdOptic . Terms were not released, but CrowdOptic said it will use the money to bolster development and sales efforts. CrowdOptic is based in San Francisco. PRESS RELEASE CrowdOptic, a maker of crowd-driven mobile applications, announced today it has closed a special round of new debt financing from Silicon Valley Bank. The latest round of financing will be used to accelerate development of the company’s innovative technology platform and expand its sales efforts. ? CrowdOptic’s mobile technology for live events is already used in a wide range of premier sporting and entertainment venues. CrowdOptic debuted its technology in July 2011 and is next scheduled to be used by Infineon Raceway at the Toyota/Save Mart 350, part of the NASCAR Sprint Cup Series, on June 22, 2012. CrowdOptic is on pace to more than double its quarterly bookings and revenue throughout 2012.
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CrowdOptic Inks Debt Financing
Trinity Hunt Partners Backs Equivalent DATA
May 18, 2012
Trinity Hunt Partners , a Dallas-based private equity firm, has invested an undisclosed amount in Houston-based Equivalent DATA Inc. Terms of the deal were not released. Equivalent DATA provides large-scale electronic discovery services to law firms and corporate clients. PRESS RELEASE Trinity Hunt Partners, a Dallas-based private equity firm with an extensive track record of partnering with business owners to build value, today announced the firm has made an investment in Houston-based Equivalent DATA, Inc., (“ EQD”).
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Trinity Hunt Partners Backs Equivalent DATA
Utopia Closes $50M Round
May 18, 2012
Enterprise data management company Utopia Inc. has closed on $50 million in new capital. FTV Capital led the round, which included participation from Liberty Mutual Insurance . The company is based in Mundelein, Illinois.Liron Gitig, an FTV principal, will join the Utopia board. PRESS RELEASE Utopia Inc., a global leader in enterprise data management solutions, announced the closing of a $50 million round of growth capital to accelerate its expansion into fast growing markets and enhance capabilities in Big Data managed services offerings
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Utopia Closes $50M Round
Archipelago Learning Completes PLATO Merger
May 18, 2012
Archipelago Learning has completed its merger with PLATO Learning , a portfolio company of Thoma Bravo . The all-cash deal had an equity value of approximately $291 million. Archipelago Learning, which will be delisted from the NASDAQ Global Select Market, is a provider of subscription-based, software-as-a-service education products. PRESS RELEASE Archipelago Learning (NASDAQ: ARCL), a leading subscription-based, software-as-a-service (SaaS) provider of education products, today announced that it has completed its merger with PLATO Learning, a portfolio company of Thoma Bravo, LLC, in an all-cash transaction with an equity value of approximately $291 million
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Archipelago Learning Completes PLATO Merger
Horizon Technology Backs StreamBase
May 18, 2012
Horizon Technology Finance Corp. has provided a $1.5 million venture loan to StreamBase Systems Inc. , a provider of real-time analytics technology. The money will be used for expansion.
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Horizon Technology Backs StreamBase
Appleton Papers Merges with Hicks Acquisition in $675 Million Deal
May 17, 2012
Century-old specialty paper maker Appleton Papers , based in Appleton, Wisconsin, will combine with Hicks Acquisition Company of Dallas, a special purpose acquisition company founded and headed by Thomas Hicks , to create a combined company on the Nasdaq. The companies are not disclosing how much of a stake in Appleton Hicks is getting for its investment of $675 million. PRESS RELEASE: Appleton Papers Inc. (“Appleton”) and Hicks Acquisition Company II, Inc
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Appleton Papers Merges with Hicks Acquisition in $675 Million Deal
Comverge Completes Sale to H.I.G. Capital
May 17, 2012
Affiliates of the private equity firm H.I.G. Capital have acquired Comverge , an energy management company, for $1.75 per share in cash in a roughly $49 million buyout. Comverge is based in Norcross, Georgia. PRESS RELEASE: Comverge, Inc
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Comverge Completes Sale to H.I.G. Capital
Piramal Healthcare to Acquire Decision Resources Group for $635M
May 17, 2012
Piramal Healthcare , a Mumbai-based pharmaceuticals company, has agreed to acquire the Burlington, Mass.-based healthcare data provider Decision Resources Group from Providence Equity Partners for approximately $635 million. PRESS RELEASE: Piramal Healthcare Limited, an innovation led company, has agreed to acquire Decision Resources Group a US based company in the healthcare information segment, from Providence Equity Partners for a consideration of approximately US$635 million (~Rs. 3,400 crores). Decision Resources Group provides high-quality, web-enabled research, predictive analytics via proprietary databases and consulting services to the global healthcare industry.
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Piramal Healthcare to Acquire Decision Resources Group for $635M
Icahn urges Mentor shareholders to withhold director votes
May 17, 2012
Using a quote from Thomas Jefferson, billionaire shareholder activist Carl Icahn on Thursday lashed out at Mentor Graphics for extending its poison pill and refusing to renominate two of his favored board members. As a result, Icahn is urging Mentor Graphics shareholders to withhold votes for incumbent directors Gregory Hinckley, Peter Bonfield, Kevin McDonough, Patrick McManus and Mentor CEO Walden Rhines. In doing so, he touted a similar recommendation from ISS Proxy Advisory Services. ISS also…
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Icahn urges Mentor shareholders to withhold director votes
Freshdesk Launches $10M Future Fund
May 17, 2012
Help desk SaaS provider Freshdesk announced today a $10 million fund to back online support companies. The company, which is fresh off of raising $5 million in Series B funding from Accel Partners and Tiger Global Management earlier this month, is teaming up with 500 Startups and other incubators and angel funds, including YouWeb , Tandem Entrepreneurs , Internet India Fund and Proudly Made . PRESS RELEASE Freshdesk Announces Future Fund to Provide $10M in Online Helpdesk Support to 501 Startups Worldwide Online helpdesk solution teams up with next breed of innovators to bring comprehensive support services to new businesses WALNUT, Calif. & CHENNAI, India – May 17, 2012 –Today Freshdesk, the fastest growing online help desk solution, announces phase one of its Freshdesk Future Fund to provide cutting edge customer support services to new companies. The fund will provide 501 startups and incubations with $10M worth of Freshdesk’s cloud based support solution for one year. Startups have their finger on the pulse when it comes to new technologies and disruptive ideas
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Freshdesk Launches $10M Future Fund
