Cassidy Turley names DiScipio managing director of Northern California office
May 15, 2012
Cassidy Turley has tapped Kenneth DiScipio to serve as managing director of its Northern California office. DiScipio will be based in Palo Alto and report directly to Michael Kamm, CEO of the Northern California region of Cassidy Turley. DiScipio will be relocating from the Los Angeles area, where he most recently served as managing director of Grubb & Ellis’ corporate services group and oversaw the Western region. Prior to that, he spent five years as the managing director for CBRE in Australia/New..
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Cassidy Turley names DiScipio managing director of Northern California office
BagThat Trading Raises $3.2M From Oxford
May 15, 2012
BagThat Trading Limited said it raised £2 million ($3.2 million) in a round led by Oxford Capita l. The investment will fund the further development and marketing. PRESS RELEASE Oxford Capital leads £2 million funding round for BagThat New online store captures social network buying power to deliver unbelievable deals on branded goods BagThat Trading Limited, a new online shopping experience has secured £2 million of new investment in a funding round led by specialist investment manager Oxford Capital . The investment will fund the further development and marketing of BagThat’s innovative online shop which lets buyers decide how much they are willing to pay for top quality branded goods. Oxford Capital has led the fund raising to a first close. Additional investment from institutional backers is planned. David Mott, Investment Director, Oxford Capital said: “BagThat’s offering to consumers stands out of the crowd. It has an innovative approach to online shopping, combining the best of auction buying and group purchasing power. Top brands, such as Samsung and Halfords have already signed up and the site offers remarkable discount deals on gadgets, fashion labels, wine and leisure activities. Leading model and TV personality Jodie Kidd has signed up as brand ambassador which adds celebrity stardust to the launch. “BagThat has a strong management team, with impeccable online and retail credentials, adding proven expertise to a solid online retailing proposition.” Andy Sutton, Founder & Chief Executive, BagThat Trading Ltd, said: “Oxford Capital has done a terrific job in leading our funding round, in particular helping us to build connections with new investors. They are great advocates for UK growth businesses and their management input and expertise in helping business to grow has been hugely valuable as we have worked together to develop and launch BagThat.” How BagThat works : BagThat is a virtual store that uses the power of the social network to benefit consumers and suppliers alike – allowing customers to bid for a wide range of products and services
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BagThat Trading Raises $3.2M From Oxford
Accel, Sequoia In Largest Joint Investment Put $70M In Qualtrics
May 15, 2012
Qualtrics said it raised $70 million from Accel Partners and Sequoia Capital in a deal the firms described as their largest-ever joint investment. Qualtrics of Provo, Utah, said it would use the money to hire 250 employees in the next year, more than doubling the size of the company. PRESS RELEASE Qualtrics Raises $70 Million in Funding from Accel Partners and Sequoia Capital Largest-Ever Joint Investment Will Help Drive Product Development and Company Expansion PROVO, Utah – May 15, 2012 – Qualtrics, the company that makes sophisticated research simple, today announced it has partnered with Accel Partners and Sequoia Capital in the two firms’ largest-ever joint investment. Accel and Sequoia will provide a range of services and $70 million to help Qualtrics expand its SaaS product offerings beyond market research and accelerate its global growth, beginning with the hiring of another 250 employees in the next year alone.
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Accel, Sequoia In Largest Joint Investment Put $70M In Qualtrics
STG acquires Source Healthcare Analytics
May 15, 2012
Symphony Technology Group (STG) said Monday it has acquired Source Healthcare Analytics from Wolters Kluwer for an undisclosed amount. Palo Alto-based STG is a strategic private equity firm that invests in and builds software, data and technology-enabled services companies. Phoenix-based Source Healthcare Analytics provides information and analytics to the pharmaceutical, biotech and financial industries. The Netherlands-based Wolters Kluwer is an information services and publishing company focused…
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STG acquires Source Healthcare Analytics
The Jordan Company Buys VT Services
May 15, 2012
The Resolute Fund II, L.P. , an affiliate of The Jordan Company , has acquired VT Services Inc. from Babcock International Group . Terms of the deal were not released.
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The Jordan Company Buys VT Services
Vista Equity Partners Closes $3.5B Fund
May 15, 2012
Vista Equity Partners has closed its new fund, Vista Equity Partners Fund IV , with $3.5 billion, exceeding an original target of $2.5 billion, the firm announced Tuesday. Vista now manages over $6.6 billion of committed capital. The firm has already announced four deals out of the fourth fund: acquiring Turaz , a divestiture from Thomson Reuters; Vitera , the former Sage Healthcare Division of The Sage Group; CDC Software ; and Misys , a UK-based provider of treasury capital markets and banking products. PRESS RELEASE Vista Equity Partners III, LLC (Vista) today announces that it has successfully closed Vista Equity Partners Fund IV (VEPF IV) at $3.5 billion. The initial target of $2.5 billion was exceeded due to exceptional LP demand. Vista now manages over $6.6 billion of committed capital in its series of Private Equity Funds
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Vista Equity Partners Closes $3.5B Fund
ModCloth Inks $25M
May 15, 2012
San Francisco-based ModCloth has raised $25 million in a round led by Norwest Venture Partners . ModCloth is the creator of an online retail store for independently designed fashion and décor products. The company is also backed by investors including Accel Partners , Floodgate, First Round Capital and Norwest Venture Partners . Josh Goldman of NVP will join the company’s board.
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ModCloth Inks $25M
UPS Capital Backs Just Cellular
May 15, 2012
Chatsworth, Calif.-based Just Cellular Inc. , creator of an online source for new and used cell phones, has raised an undisclosed amount of debt financing from UPS Capital , the financial services arm of UPS. The money – a line of credit – will be used to accelerate payment to Just Cellular suppliers, who are mainly based in China. PRESS RELEASE CHATSWORTH, Calif.–(BUSINESS WIRE)–Just Cellular, Inc., a leading online source for affordable new, used, and refurbished cell phones, today announced a new funding agreement with UPS Capital, the financial services arm of UPS
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UPS Capital Backs Just Cellular
GSV Capital Raises $97.5m in Follow-On Offering
May 15, 2012
GSV Capital Corp has priced a follow-on offering of 6,000,000 shares of its common stock at $16.25 per share, resulting in gross proceeds of $97.5 million. The fund intends to use the net proceeds to invest in portfolio companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. GSV Capital Corp.
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GSV Capital Raises $97.5m in Follow-On Offering
Symphony Technology Group Buys Source Healthcare
May 14, 2012
Symphony Technology Group said Tuesday that it has acquired Source Healthcare Analytics from Wolters Kluwer . Financial terms weren’t announced. Symphony Technology will combine Source Healthcare with its existing portfolio company, ImpactRx, to form Symphony Health Solutions. PRESS RELEASE Symphony Technology Group (STG), a strategic private equity firm with the mission of investing in and building software, data and technology-enabled services companies, today announced that it has acquired Source Healthcare Analytics, LLC from Wolters Kluwer
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Symphony Technology Group Buys Source Healthcare
