Summit Partners' portfolio companyy Solutionreach, a patient engagement business, has appointed the founder and former CEO of RightNow Technologies, Greg Gianforte, to its board of directors. Gianforte started RightNow in 1997 and grew it into a publicly traded Software-as-a-Service (SaaS) business with more than 1,100 employees and $225 million in annual revenue. In 2011, the company was sold to Oracle for more than $1.8 billion.
3 min read · 13 November 2012
j2 Global, a provider of business cloud services, has acquired Ziff Davis, a media technology company. The acquisition provides j2 with a series of web properties, including PCMag.com, ComputerShopper, ExtremeTech, Toolbox.com and Geek.com. The purchase price was approximately $167 million and was funded out of j2’s cash on hand.
4 min read · 13 November 2012
A VTB Capital-led consortium, which includes its local partner Tzvetan Vassilev, the sole owner of Bromak EOOD, has acquired a controlling stake in Vivacom, an integrated telecom operator in Bulgaria. The deal is part of the continued expansion of VTB Capital’s business in the CEE region.
3 min read · 13 November 2012
Partners Group is to invest in SBF Group, a Brazilian sporting goods retailer. The transaction is subject to customary regulatory approvals and is expected to close by year end.
2 min read · 13 November 2012
This morning peHUB brings you the latest on return predictions, whether it really is all doom and gloom and discovers an idiot's guide to mastering the venture capital game.
1 min read · 13 November 2012
6 min read · 12 November 2012
Jupiter Systems, a visualization and collaboration solution provider for display walls and networked PCs, has named Scott Sullivan as senior vice president of worldwide sales. Sullivan brings to Jupiter Systems a strong background in sales management, process, and operations in high-technology markets.
2 min read · 12 November 2012
Monroe Capital Corporation loan commitments on its syndicated credit facility led by ING Capital have increased by $30 million to $55 million. In addition, four new lenders have joined the facility.
3 min read · 12 November 2012
Fabrice Egros has been appointed COO, pharmaceutical director and board member of NovaMedica. The business was established as part of the $760 million collaboration between the Russian high technology investment fund RUSNANO and the American health care venture fund Domain Associates.
3 min read · 12 November 2012
UK-based Business Growth Fund has appointed John Swarbrick as head of portfolio. He will be joining immediately to play a key role in overseeing BGF’s rapidly growing portfolio of high growth entrepreneurial businesses. Business Growth Fund was set up to help Britain’s smaller and medium sized businesses
4 min read · 12 November 2012
