JMI Equity related stories
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JMI Equity invests $55 mln in Higher LogicJMI Equity has provided $55 million to Higher Logic, an online community platform provider. In conjunction with the investment, Bob Nye, a general partner at JMI Equity, has been added to Higher Logic's board of directors.
Former VC Derek Smyth tapped as Intelex Technologies' CCOIntelex Technologies Inc, a Toronto-based provider of environmental, health, safety and quality management software, has hired Derek Smyth as its new chief customer officer. Smyth, who joined Intelex from Vision Critical Communications Inc, will help drive the company's global go-to-market strategies. Prior to his time at Vision Critical, Smyth worked as a senior investment professional at OMERS Ventures, Bridgescale Partners and EdgeStone Capital Partners. Last year, Intelex secured $160 million in a financing /canada/2015/8/jmi-equity-leads-160-mln-growth-funding-of-software-provider-intelex/?utm_source=twitterfeed&utm_medium=twitter&utm_term=Canada%20blog&utm_content=Canada%20blog%20posts led by JMI Equity.
- Thoma Bravo continues hiring streak with 3 additions
The software and technology-focused firm has hired a partner from HGGC to work on the Thoma Bravo Discover Fund.
JMI-backed Intelex acquires software provider EcocionIntelex Technologies Inc has acquired Ecocion, a U.S. software company focused on environmental management information systems. No financial terms were disclosed. Toronto-based Intelex said the deal is one of several "key strategic actions" taken as part of the $160 million investment it received /canada/2015/8/jmi-equity-leads-160-mln-growth-funding-of-software-provider-intelex/?utm_source=twitterfeed&utm_medium=twitter&utm_term=Canada%20blog&utm_content=Canada%20blog%20posts from U.S. growth equity firm JMI Equity and HarbourVest Partners in August 2015. It said the acquisition will extend the company's reach as a vendor of cloud-based software in the environmental, health, safety and quality management space. Intelex added that it plans to invest to grow capacity in Ecocion's Denver, Colorado location.
- Bain Capital invests in Navicure
Bain Capital Private Equity has made an undisclosed investment in Duluth, Georgia-based Navicure, a provider of claims management and patient payment solutions for physician practices and hospitals. The sellers included JMI Equity. Aeris Partners acted as exclusive M&A adviser to Navicure while PwC LLP is accounting adviser to Bain Capital Private Equity.
- Seismic raises $40 mln led by General Atlantic
Seismic raised a $40 million Series C round led by General Atlantic. Seismic is an enterprise software company. Other minority shareholders include JMI Equity and Jackson Square Ventures.
- TPG explores sale of insurance software firm Vertafore: Reuters
(Reuters) TPG Global LLC is considering a sale of Vertafore Inc, hoping a deal will value the U.S. provider of software to the insurance industry at more than $2.5 billion including debt, according to three people familiar with the matter, Reuters reported.
- HarbourVest Canada Growth Fund closes on C$375m
The fund was oversubscribed and closed on its target under a year after its final closing.
HarbourVest Canada Growth Fund nets $375 mln in final closeBoston-based asset manager HarbourVest Partners has closed its venture fund of funds HarbourVest Canada Growth Fund at $375 million. HarbourVest Canada, the fourth and final fund closed in partnership /canada/2016/3/oversubscribed-teralys-fund-close-brings-vcap-fundraising-to-1-3-bln/ with Ottawa's Venture Capital Action Plan (VCAP), received two-thirds of its committed capital from institutional, corporate, high-net-worth investors and other limited partners based in Canada, the United States and Europe. Led by HarbourVest Principal Senia Rapisarda, the fund has since its initial close last year /canada/2015/4/harbourvest-canada-growth-fund-lands-197-mln-in-initial-close/ committed money to a range of Canadian and international venture capital funds. It has also invested directly in Canadian companies, including Intelex Technologies Inc /canada/2015/8/jmi-equity-leads-160-mln-growth-funding-of-software-provider-intelex/?utm_source=twitterfeed&utm_medium=twitter&utm_term=Canada%20blog&utm_content=Canada%20blog%20posts . HarbourVest Canada's close brings total fundraising by VCAP-backed funds to $1.36 billion.
TPG Capital-backed Vertafore to acquire Keal TechnologyVertafore, a portfolio company of U.S. private equity firm TPG Capital, has agreed to buy Keal Technology, a Concord, Ontario-based software applications developer focused on the Canadian insurance brokerage industry. No financial terms were released for the deal, which is expected to close by the end of March. Vertafore, an insurance software and services provider, said the acquisition will expand its portfolio of companies into Canada. Keal, which has over 16,000 broker users, will as a result of the deal be supported in its growth under its existing brand. Based in Bothell, Washington, Vertafore was acquired by TPG from Hellman & Friedman and JMI Equity for US$1.4 billion in 2010.