JMI Equity related stories
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- Canadian VC begins 2017 strongly as top Q1 deals take $400 mln
Canada’s top 10 first-quarter venture-capital financings drew close to $400 million from investors. While that’s down 19 percent from the $490 million raised by the top 10 deals a year earlier, it far exceeds the first-quarter results of other recent years. The estimate is based on PE Hub Canada’s list of the largest financings announced from January through March, supplemented by Thomson Reuters data. The list is headed by PointClickCare, which accounted for 2017’s first deal sized above $100 million, Visier, Inocucor Technologies and Fusion Pharma.
Vector-backed Saba to buy Halogen Software for $293 mlnSaba Software Inc, a portfolio company of U.S. private equity firm Vector Capital, has agreed to acquire Halogen Software Inc (TSX: HGN), an Ottawa provider of cloud-based performance management solutions. Saba agreed to an all-cash purchase price of $12.50 per share, which implies an equity value for Halogen of about $293 million. U.S. growth equity firm JMI Equity and other shareholders holding about 54 percent of Halogen shares have agreed to support the deal. U.S.-based Saba said the acquisition will extend its position as a provider of SaaS talent management solutions. Halogen's Michael Slaunwhite will chair the combined company.
PointClickCare scores $85 mlnPointClickCare Technologies, a software and services provider for the long-term post-acute care and senior living markets, has raised $85 million in funding. Dragoneer Investment Group led the round with participation from JMI Equity. In addition to the funding, PointClickCare has opted not to go public at this time due to market conditions.
PointClickCare raises $111 mln in Dragoneer-led funding roundToronto healthcare software company PointClickCare Technologies has raised about $111 million (US$85 million) in a follow-on financing. The round was led by Dragoneer Investment Group and joined by JMI Equity, which acquired a minority stake in the company in 2011. PointClickCare is a provider of cloud-based software and services for the long-term post-acute care and senior living markets. It said the funds raised will help accelerate a focus on delivering solutions to customers and end markets. In 2015, PointClickCare launched an initial public offering that was expected to raise about US$100 million. CEO Mike Wessinger said the company has not ruled out a public sale in the future.
- Healthx pulls in funding from JMI Equity
JMI Equity has made an undisclosed investment in Healthx Inc, a cloud-based digital engagement solutions provider for healthcare payers and other stakeholders. TripleTree served as financial advisor to Healthx on the transaction.
- JMI Equity invests in automotiveMastermind
JMI Equity has invested in automotiveMastermind. Financial terms weren’t announced. New York and San Francisco-based automotiveMastermind provides predictive analytics and marketing automation software for the automotive industry. Jefferies LLC acted as Sole Placement Agent for automotiveMastermind.
Axonify secures $36 mln in JMI Equity and BDC Capital-led roundWaterloo-based employee knowledge platform Axonify Inc has raised about $36 million (US$27 million) in growth equity funding. The round was co-led by U.S. growth equity firm JMI Equity and Canadian venture capital firm BDC Capital, an existing investor. Founded in 2011, Axonify is a provider of all-in-one SaaS technology that helps organizations to modernize their corporate learning and achieve specific outcomes. Carol Leaman, the company's president and CEO, said the funds raised will support Axonify's next phase of growth through accelerated customer acquisition, increased market profile, and an extended platform.
- Axonify picks up $27 mln
Axonify, a Canada-based employee knowledge platform provider, has secured $27 million in funding. JMI Equity and return backer BDC Capital led the round.
- JMI Equity leads Series C round for fundraising platform Classy
San Diego-based Classy, a fundraising platform for social enterprises, has raised $30 million in Series C financing. JMI Equity led the round with participation from return backers Bullpen Capital, Galileo Partners, Mithril Capital Management and Salesforce Ventures.