I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Tom Zajac has joined Wellcentive as CEO and appointed board member effective Oct. 8. Zajac most recently served as Chief Customer Officer of Elsevier. Atlanta-based Wellcentive is backed by Noro-Moseley Partners and Harbert Management Corp.
3 min read · 12 September 2013
ERMS Corp. said its second round of funding raised $3.5 million led by Best Funds. ERMS provides a mass emergency notification system, Advantage.
3 min read · 12 September 2013
Xand, which is backed by ABRY Partners, said it increased its debt financing to over $200 million. Xand said it amended its existing financing arrangements with a consortium of banks, arranged by TD Securities and GE Capital Markets. Hawthorne, N.Y.-based Xand provides data center, cloud and managed services
3 min read · 12 September 2013
Craig Rydin has joined LNK Partners. Rydin will be working with and providing perspective to existing LNK portfolio companies, and helping evaluate and pursue new investment opportunities. Rydin is the former CEO of Yankee Candle. He is currently Yankee's chairman.
3 min read · 12 September 2013
Patrick White and Mark Solovy have joined Monroe Capital as MDs. They will lead the firm’s national technology practice. Previously, Solovy was an MD at Hercules Technology Growth Capital. White was a Principal at H.I.G. WhiteHorse where he was responsible for its direct lending activities in the western United States.
2 min read · 12 September 2013
Matterport said Thursday it raised $2.8 million Series A-1 financing. Several renowned entrepreneurs, including Crate & Barrel founder Gordon Segal and Sling Media co-founder Blake Krikorian, participated. Mountain View, Calif.-based Matterport develops cloud-based 3D models of interior spaces. Including the $2.8 million, Matterport has raised a total of $10 million in capital. investors include Lux Capital, Felicis Ventures, Greylock Partners, Navitas Capital, Qualcomm Ventures, Red Swan Ventures, and Rothenberg Ventures.
3 min read · 12 September 2013
TA Associates has bought a majority stake in BluePay Processing.
2 min read · 12 September 2013
Elliot Royce, AlpInvest Partners' co-head of the fund investments group, is resigning, according to a letter obtained by peHUB.
2 min read · 12 September 2013
Corridor Capital has acquired a majority stake in Innovative Office Products. Financial terms weren't announced. Easton, Pa.-based Innovative Office Products makes ergonomic mounting solutions for flat panel monitors, notebooks, tablet PCs and control panels.
3 min read · 11 September 2013
The Center for Innovative Technology said Wednesday that its CIT GAP Funds has invested in EVS Glaucoma Therapeutics. Financial terms weren't announced. Herndon, Va.-based EVS is developing a sustained delivery system for glaucoma medication.
3 min read · 11 September 2013
