Infogain to buy Blue Star Infotech’s IT group

Infogain Corp. said Tuesday that it is buying the IT operations of Blue Star Infotech Ltd. Financial terms weren’t announced. The combined entity will have revenue of over $150 million, close to 4,000 employees and eight delivery locations globally. Infogain is a portfolio company of ChrysCapital. PRESS RELEASE LOS GATOS, Calif.–(BUSINESS WIRE)–Infogain Corporation, a global business and IT consulting leader, today announced that Infogain and Blue Star Infotech, Limited (NSE: BLUESTINFO) have entered into definitive agreements under which Infogain will acquire Blue Star Infotech’s IT operations. The acquisition will expand Infogain’s digital transformation offerings, particularly in the areas of Cloud, mobility, SAP and analytics; adding specialized capabilities in the travel/hospitality, high-tech and healthcare verticals. In addition, the acquisition will strengthen and enhance the leadership position of Infogain in the areas of product engineering and test automation. Infogain provides customer-facing solutions, processes and applications that lead to a more efficient and streamlined digital customer experience for enterprises in the US, Europe, the Middle East, Asia Pacific and Indian markets. With 20%+ revenue CAGR, Infogain’s growth has outpaced industry growth by more than 50%. The company has more than doubled its revenue over the past four years and continues to see significant traction among existing as well as new clients. This acquisition will enable Infogain to expand its services portfolio to support current customers, strengthen existing retail, insurance and high-tech verticals, and enter into new verticals such as travel and hospitality. The combined entity will have revenue of over $150 million, close to 4,000 employees and eight delivery locations globally. This acquisition is being announced within weeks following a $63M Investment by ChrysCapital. Commenting on the acquisition, Sanjay Kukreja, Managing Director at ChrysCapital noted, “BSIL’s IT assets are an ideal fit for Infogain with the vision of creating a leading new age digital services platform with combined capabilities in Cloud, mobility, SAP, analytics and product engineering. We expect the combined company to grow to half a billion dollars, through organic and inorganic growth, within the next five years.” “This acquisition is another achievement toward our vision of transforming Infogain into a much larger IT services player delivering innovation and outstanding value to our clients,” notes Kapil Nanda, President and Chief Executive Officer of Infogain. “Blue Star Infotech has achieved outstanding success over recent years, and I look forward to working with its high-performance leadership and team to deliver even greater value to clients. I am extremely excited to welcome them to the growing Infogain team.” “The IT industry is evolving as never before, and we are excited by the opportunity to offer our clients increased scale of our operations as well as broader capabilities including next-generation technologies,” explains Sunil Bhatia, Chief Executive Officer and Managing Director at Blue Star Infotech. “The culmination of many years of outstanding growth nurtured by our founder Suneel Advani, this acquisition will align BSIL’s IT Business with a larger peer thereby strengthening its position in the industry.” Cynthia Stoddard, CIO at NetApp (NTAP) and a longstanding client of Infogain, commented, “Infogain’s capabilities, talent pool, and geographic presence will certainly be expanded with the acquisition of Blue Star Infotech. We are excited to continue to involve Infogain in activities around our new offerings such as NetApp Private Storage for Azure and other Cloud environments.” Kapil Nanda, President and Chief Executive Officer of Infogain, will continue in this role. Sunil Bhatia will join Infogain’s management team as its CEO designate, and will assume his new responsibilities as CEO of the combined entity on July 1, 2016. At that time, Kapil Nanda will transition to his role as full-time Executive Chairman. BSIL’s board of directors has unanimously approved the acquisition, which is expected to close towards the end of 2015, subject to BSIL shareholder approval, regulatory approvals and other customary closing conditions. Avendus Capital Private Limited is serving as the financial advisor and Talwar Thakore & Associates as the legal counsel to BSIL. Wilson, Sonsini, Goodrich & Rosati is serving as the legal counsel to Infogain Corporation. About Infogain Infogain (www.infogain.com) provides front-end, customer-facing technologies, processes and applications that lead to a more efficient and streamlined customer experience for enterprises in the US, Europe, the Middle East, Asia Pacific and India. Offering solutions for the high-tech, retail and insurance verticals, Infogain specializes in areas such as software product engineering, digital service automation and mobility. A Gold level partner of Oracle (ORCL), Infogain has outstanding Oracle capabilities for point-of-sale systems, merchandising systems, CRM systems, knowledge management systems, ERP and next generation call center capabilities. The company’s customer retention rate of 90%+ over a five-year period is a testament to the ability of the team to identify clients’ specific needs and provide best-in-class solutions across a broad spectrum of service areas. About Blue Star Infotech Ltd Blue Star Infotech Limited (www.bsil.com), a digital transformation consulting and services company, combines the best of engineering, creativity and technology to deliver the next generation of software solutions to its global customers and enable them to be future?ready. Part of the well?known Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai, India, and with operations in USA, UK, Europe, Malaysia, and Singapore. The company is focused on delivering value-added and future?proofed software solutions by leveraging emerging technologies and trends while preserving existing investments for gaining competitive advantages. About ChrysCapital ChrysCapital is a private equity firm that was started in 1999 and currently manages US $2.5B across six funds. The firm has deployed over US $2B across 70+ investments and has had 50+ successful exits. The firm’s investors include global endowments, sovereign funds, family offices, foundations and fund of funds. To learn more about ChrysCapital, please visit www.chryscapital.com.

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Infogain to buy Blue Star Infotech’s IT group

Corvus Pharmaceuticals rakes in $75 mln Series B

Burlingame, California-based Corvus Pharmaceuticals, a biopharmaceutical company focused on treating cancer, has raised $75 million in Series B funding. Rock Springs Capital Management led the round with participation from other investors that included Fidelity Management and Research Company, Blackrock, Roche Venture Fund, Cormorant Asset Management, venBio Select, Cowen Private Investments, Orbimed, Novo Ventures and Adams Street Partners. Cowen and Company advised Corvus on the transaction. PRESS RELEASE BURLINGAME, Calif.–(BUSINESS WIRE)–Corvus Pharmaceuticals, a private clinical-stage biopharmaceutical company focused on the development of novel agents targeting the immune system to treat patients with cancer, today announced that it closed a $75 million Series B financing. The transaction was led by Rock Springs Capital Management and included other leading healthcare investors such as Fidelity Management and Research Company, Blackrock, funds, accounts managed by T. Rowe Price, Jennison Associates (on behalf of certain clients), Roche Venture Fund, Cormorant Asset Management, Sphera Funds Management, venBio Select and Cowen Private Investments. Founding investors, Orbimed, Novo Ventures and Adams Street Partners also participated in the transaction. Cowen and Company served as an advisor to Corvus. “We are delighted to attract this pre-eminent group of investors, which provides the capital for Corvus to advance the development of multiple product candidates, including an expansion cohort designed Phase 1B trial that will evaluate our novel oral checkpoint inhibitor alone and in combination with another checkpoint inhibitor in several different types of cancer,” said Richard A. Miller, M.D., Chief Executive Officer of Corvus Pharmaceuticals. The proceeds will be used to expand the company’s research and development programs of multiple small molecule and antibody agents in immuno-oncology, including the initiation of a multicenter Phase 1B trial, which is expected to begin in the first quarter of 2016. About Corvus Pharmaceuticals Corvus Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the development of small molecule and antibody agents that target the immune system to treat patients with cancer. These agents block or modify crucial immune checkpoints and reprogram immune T cells. A Phase 1B clinical trial evaluating its oral small molecule checkpoint inhibitor is scheduled to begin in the first quarter of 2016. For more information, visit www.corvuspharma.com.

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Corvus Pharmaceuticals rakes in $75 mln Series B

Groupe Bertrand to buy Quick Group

Groupe Bertrand, which owns Burger King France, has agreed to buy the Quick Group. Financial terms weren’t announced. Qualium Investissement is the seller. Paris-based Quick is a European fast-food hamburger restaurant brand. Restaurant Brands International Inc. owns a minority of Burger King France. PRESS RELEASE OAKVILLE, ON, Sept. 28, 2015 /PRNewswire/ – Groupe Bertrand, the majority shareholder of Burger King France, and Qualium Investissement, the owner of Quick Group (“Quick”), signed an offer letter for Burger King France to acquire Quick, the owner of the QUICK® fast food hamburger chain. Burger King France, the master franchisee of the BURGER KING® brand in France, intends to convert Quick restaurants in France to BURGER KING® restaurants over time. Daniel Schwartz, Chief Executive Officer of Restaurant Brands International Inc. (“RBI”) (TSX/NYSE: QSR, TSX: QSP), stated, “As a shareholder of Burger King France, we applaud Olivier Bertrand and Groupe Bertrand in their efforts to acquire Quick. The transaction will significantly accelerate our BURGER KING® restaurant growth in France, a key strategic market for the brand. Burger King France, our master franchise joint venture in France, has achieved great success over the past two years, building restaurants with average annual sales of €5 million, one of the highest levels in the world, and expects to have approximately 50 restaurants in the country by year end.” Josh Kobza, Chief Financial Officer of RBI, added, “This transaction represents a significant step forward for Burger King France, which will have more than 500 restaurants and €1 billion of system sales following the transaction. Following the conversion, BURGER KING®is expected to be the #2 QSR brand in France, and France will become one of the largest markets for BURGER KING® globally. The transaction highlights the strength of our partnership with Groupe Bertrand and the master franchise joint venture model to accelerate the pace of our growth around the world.” Subject to regulatory, shareholder and bondholder approvals, the proposed transaction is estimated to close by the end of 2015. For additional information, please refer to the Groupe Bertrand and Qualium Investissement joint press release. About Restaurant Brands International Restaurant Brands International Inc. (“RBI”) is one of the world’s largest quick service restaurant companies with over $23 billion in system-wide sales and over 19,000 restaurants in approximately 100 countries and U.S. territories. RBI owns two of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS® and BURGER KING®. These independently operated brands have been serving their respective guests, franchisees and communities for over 50 years. To learn more about RBI, please visit the company’s website at www.rbi.com. About Burger King France Burger King France is a BURGER KING® master franchise joint venture partner that develops and operates BURGER KING® restaurants in France. The company is primarily owned by Groupe Bertrand, a French entrepreneurial family group. Restaurant Brands International Inc., the owner of the BURGER KING® brand, retains a minority stake in Burger King France. As of September 28, 2015, Burger King France operated 26 BURGER KING® restaurants in France. The company was formed in 2013 and is headquartered in Paris, France. About Quick Quick is a European QSR group operating mainly in France, Belgium and Luxemburg. The company is owned by Qualium Investissement, a leading private equity firm in France. As of September 28, 2015, Quick operated 509 restaurants in France, Belgium,Luxemburg and outside of Europe. In 2014, Quick served 200 million customers and generated system-wide sales of €1.0 billion. The company was founded in 1967 and is headquartered in Antwerp, Belgium. For further information, please visit www.quick.fr. About Groupe Bertrand Groupe Bertrand is a family group led by founder Olivier Bertrand that develops and operates restaurants, hotels and beverage distribution companies. Within the restaurant sector, Groupe Bertrand operates luxury dining, traditional dining, quick service restaurants and concession stands. The firm is the majority shareholder of Burger King France, a BURGER KING® master franchise joint venture partner. Notable brands owned by Groupe Bertrand include BURGER KING®, Au Bureau, Café Leffe, Angelina, Brasserie Lipp, Le Saint-James Paris and The Relais Christine. Groupe Bertrand was founded in 1997 and is headquartered in Paris, France. For additional information, please visit www.groupe-bertrand.com. About Qualium Investissement Qualium Investissement, a subsidiary of the competitive sector of La Caisse des Dépôts and recognized by AMF, manages capital for French and foreign third parties. Qualium Investissement was founded in 1998 and operates €1.2 billion from more than 40 French and foreign third party subscribers. Since its founding, it has invested in approximately 60 active companies in all of the big business sectors (industry, food processing industries, specialized distribution, engineering, etc.). For more information, please visitwww.qualium-investissement.com. Forward-Looking Statements This press release includes certain forward-looking statements, which are often identified by the words “may”, “will” or similar expressions and reflect management’s expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. These forward-looking statements include statements about RBI’s expectations of restaurant growth and system sales expectations inFrance. The factors that could cause actual results to differ materially from RBI’s expectations are detailed in filings of RBI with the U.S. Securities and Exchange Commission and the securities regulatory authorities in each province and territory of Canada, such as its annual and quarterly reports and current reports on Form 8-K, and include the following: risks related to RBI’s ability to successfully implement its domestic and international growth strategy; and risks related to RBI’s ability to compete domestically and internationally in an intensely competitive industry. Other than as required under U.S. federal securities laws or Canadian securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, change in expectations or otherwise. SOURCE Restaurant Brands International

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Groupe Bertrand to buy Quick Group

Denham Capital invests in Jenner Renewables

Denham Capital has made an undisclosed investment in Jenner Renewables. Based in Madrid, Jenner Renewables is a power producer focused on developing renewable infrastructure assets in Latin America. PRESS RELEASE LONDON–(BUSINESS WIRE)–Denham Capital, a leading global energy-focused private equity firm, announced today a partnership with Jenner Renewables. The Madrid-based independent power producer will develop, finance and construct renewable power generation assets globally. Initially, the company will focus on selected countries in Latin America, the Middle East and North Africa. “We are very excited to partner with Denham Capital, a firm that not only brings capital to our efforts but also provides a deep global industry network and a wealth of knowledge in the power sector,” said Jorge Calvet, the Founder and Chief Executive Officer of Jenner Renewables. “This partnership will allow us to begin developing wind, solar and small hydro projects in countries where we see a clear need for this type of power generation.” Prior to founding Jenner, Calvet served as the Chief Executive Officer of Gamesa, one of the largest wind developers and manufacturers in the world. Jenner’s senior leadership also includes former executives of Gamesa and other leading entities in the field of renewable energy. The team has collectively developed more than four gigawatts of wind and solar projects globally with an enterprise value of $4.5 billion. The investment bolsters the Denham Power team’s Latin American presence, joining Brazil’s Rio Energy, a renewables company which now has 54 megawatts of operational assets and more than 200 megawatts of assets in construction across the region. “This investment allows us to expand our reach in Latin America, a region where we see a big demand for power generation and an attractive opportunity for renewable power. At the same time, it creates a global platform that will allow us to execute in other geographies where wind can effectively compete with the current cost of power and provide an economic source of generation,” noted Scott Mackin, Managing Partner and Co-President at Denham Capital. “We are very happy to work with Jorge and the Jenner team. Their global experience and track record is outstanding, and I have no doubt their skills will allow us to execute successful investments and bring needed power generation capacity to Latin America and other places around the world.” About Jenner Renewables Jenner Renewables is an independent power producer focused on the development, financing, construction and divestment of renewable infrastructure assets across Latin America. Jenner is headquartered in Madrid, with a local presence and extensive network across Latin America. Jenner is managed by a team of industry veterans who average more than fifteen years of experience, having held the most senior positions at leading renewables companies. For more information about Jenner, please visit www.jenner-renewables.com. About Denham Capital Denham Capital is a leading energy and resources-focused global private equity firm with more than $7.9 billion of invested and committed capital across seven fund vehicles and offices in London, Boston, Houston, São Paulo and Perth. The firm makes direct investments in the energy and resources sectors, including businesses involving power generation, oil and gas, and mining, across the globe and all stages of the corporate lifecycle. Denham’s investment professionals apply deep operational and industry experience and work in partnership with management teams to achieve long-term investment objectives. For more information about Denham Capital, visit www.denhamcapital.com.

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Denham Capital invests in Jenner Renewables

StreamSets grabs $12.5 mln Series A

San Francisco-based StreamSets Inc, a provider of data ingest technology for the next generation of big data applications, has raised $12.5 million in Series A funding. Battery Ventures and New Enterprise Associates led the round with participation from Accel Partners and Ignition Partners. In conjunction with the funding, Pete Sonsini of NEA and Dharmesh Thakker of Battery Ventures have been appointed to StreamSets’ company’s board of directors. PRESS RELEASE September 24, 2015 07:31 AM Eastern Daylight Time SAN FRANCISCO–(BUSINESS WIRE)–StreamSets Inc., a company that speeds access to enterprise big data, today announced it has closed a $12.5 million round of Series A funding co-led by experienced big data investors Battery Ventures and New Enterprise Associates (NEA), with participation from Accel Partners and Ignition Partners. In addition, StreamSets today launched a revolutionary new data ingest infrastructure, called StreamSets Data Collector, which helps businesses accelerate data analysis and decision-making. Available under an open source Apache license (ALv2), this technology automates data movement in order to give data scientists and analysts continuous access to big data. As companies’ data explodes, operators are spending more time sanitizing raw data before it can be used to inform business decisions. This is because the current data environment contains constantly changing infrastructure and semantics, which slows down the process of collecting and moving data so it can be used for reliable analytics – the problem of “data drift.” StreamSets ingests, cleanses and monitors data in motion to address this challenge and fuel real-time analysis. “We invested in StreamSets because of the team’s expertise in delivering an enterprise-grade data management platform that enables timely operational decisions,” said Dharmesh Thakker, general partner at Battery Ventures. “There is a massive opportunity for StreamSets’ technology to bring world-class transparency and monitoring to data – the next generation of performance management in enterprise IT,” added Pete Sonsini, general partner at NEA. StreamSets co-founder and CEO Girish Pancha was previously chief product officer at Informatica, where he was responsible for the company’s entire data integration product portfolio. Co-founder Arvind Prabhakar was an early employee of Cloudera, where he led teams working on integration technologies such as Apache Flume and Apache Sqoop. A member of the Apache Software Foundation, Arvind is heavily involved in the open-source community, and was formerly an architect for the Informatica platform. “Over the years, Arvind and I have seen first hand that the single biggest barrier to a successful enterprise analytics platform is the challenge of ingesting data. That problem is exacerbated when the data is constantly shifting underfoot,” said Girish Pancha, StreamSets co-founder and CEO. “Current solutions are simply too opaque and brittle to handle a fluid data landscape. We were inspired to start over from the ground up and bring unprecedented transparency and event processing to data in motion.” Lithium Technologies’ message fabric uses StreamSets to enhance customer experience by enabling near real-time message flow across its Total Community social software suite. In addition, Cisco will use StreamSets to more easily uphold its software-as-a-service (SaaS) customers’ expectations of data pipeline flexibility and uptime. “We are constantly adding products and services to our Intercloud offering,” said Ken Owens, chief technology officer of cloud services at Cisco Systems. “StreamSets automatically handles such infrastructure changes, and provides intelligent monitoring and dynamic shaping of our internal operational log as well as multi-datacenter data ingestion logs to help us meet strict service level agreements for our development team as well as future customers.” StreamSets developed this enterprise-grade data infrastructure to support data-intensive applications that rely on several disparate sources of real-time, streaming and batch data from both machine-generated feeds and transactional enterprise systems. As opposed to traditional schema-centric approaches, StreamSets leverages intent-driven machine learning techniques to automatically validate and continuously prepare all of this data for consuming applications. This approach saves DevOps teams the work of building, operating and maintaining custom-coded solutions. Starting today, data infrastructure teams can download the open source StreamSets Data Collector software and join the community at streamsets.com, or purchase a commercial subscription license for development or production support. StreamSets will use its Series A funding to build a thriving open source community, advance the company’s product roadmap, and incrementally invest in partnerships and other go-to-market activities. In addition, Pete Sonsini from NEA and Dharmesh Thakker from Battery Ventures will join the company’s board of directors. About StreamSets Founded in 2014, StreamSets provides data ingest technology for the next generation of big data applications. Its enterprise-grade infrastructure accelerates data analysis and decision-making by bringing unprecedented transparency and event processing to data in motion. The company was founded by Girish Pancha, a long-time executive and former chief product officer of Informatica, and Arvind Prabhakar, an early employee and engineering leader at Cloudera. StreamSets is headquartered in San Francisco, and backed by top-tier Silicon Valley venture capital firms and angel investors, including Accel Partners, Battery Ventures, Ignition Partners and New Enterprise Associates (NEA). For more information, visit www.streamsets.com.

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StreamSets grabs $12.5 mln Series A