Deal Round-up 28/06/01

HotOrigin back Deal Dynamics in E1.27m first round financing, Mediasurface secures £11.5m, Bure Equity invest in new CRM venture, Bricsnet to acquire Constructeo

HotOrigin back Deal Dynamics in E1.27m first round financing

Deal Dynamics, the Irish corporate e-learning software company, has announced today the completion of a funding round of E1.27m. HotOrigin, the Irish accelerator for early stage software ventures, who led the investment, and a private investor, provided the funding.

Investors in previous funding stages for Deal Dynamics included other private investors and Enterprise Ireland. Deal Dynamics will use the investment for product development and expansion of the senior management team.

Mediasurface secures £11.5m

A group of leading private equity firms has backed Mediasurface, which is one of Europe’s major providers of advanced content management software. The investment of £11.5m attracted investment from 3i, Index Ventures, Elderstreet, Goldman Sachs, Reuters Greenhouse Fund, GE Equity, Amadeus, Dresdner Kleinwort Capital and Interregnum.

The investment will enable the company to further drive the development of its “Next generation” Content Management product suite as well as drive expansion into new markets and consolidate business development activities in the Company’s principal markets spanning the UK, Europe and North America.

Trevor Hope, a Senior Investment Executive at 3i, who are the company’s largest institutional equity holder, commented “We recognised early on that content technology was a rapidly developing sector and it is pleasing to see that Mediasurface is now fulfilling its potential in dominating the European market.” 3i’s total investment in the company is now £8.5m.

Bure Equity invest in new CRM venture

The Swedish private equity firm, Bure Equity, has formed a new company with Investor AB to focus on Customer Relationship Management (CRM). Bure will own 40 per cent of the new company, called the Customer Group, and Investor will have a 20 per cent stake.

Customer Group will bring together companies within the different segments of the CRM sector and form a 'one stop shop' for companies that are changing their organisations from focusing on products to focusing on customers. Customer Group will initially have sales of SEK 100M and around 100 staff.

Bricsnet to acquire Constructeo

ASP technology provider, Bricsnet, today announced the acquisition of Constructeo, a leading provider of project management and e-commerce tools for the construction industry. In addition Bricsnet will raise ?10m in the form of equity and convertible bonds from a group of investors.

Chrysalead, a Paris-based technology fund, and Mitiska Net Fund Europe, a European Internet venture capital fund, led the financing.

Closing of the transaction and the financing is expected to occur within 30 days and is subject to satisfactory due diligence.