JMI Equity related stories
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Venture-Backed Halogen Software Plans IPOOttawa-based Halogen Software Inc., a developer of employee performance and talent management applications, announced that the company has filed a preliminary prospectus in connection with its proposed initial public offering. Halogen has been backed in past by Canadian venture capital firms, and since July 2008 by the Baltimore, Maryland-based JMI Equity.
- Reuters - Israel PE deals down in 2012
Private equity deals in Israel declined by 10 percent to $2.6 billion in 2012, with more than half of the investment in software companies, according to the IVC Research Center writes Reuters. The buyout of software firm Paradigm Geophysical by Apax Partners and JMI Equity for $1 billion accounted for 39 percent of the total annual deal value.
Fund Performance: JMI Equity Tops Hawaii ERS ScorecardFunds by TA Associates, Oak Investments Partners and NEA also rank high in the state pension fund’s latest report
- Reuters – WhiteHat Security Seals $31M
WhiteHat Security has secured $31 million in a round of funding that will allow it to expand internationally and help it win more small and medium sized businesses as customers, Reuters reported. The investment was funded by existing financial backer Investor Growth Capital and new investor JMI Equity, bringing total funding to $49 million. WhiteHat, which helps prevent website attacks, was founded in 2001 by former Yahoo information security officer Jeremiah Grossman -- now WhiteHat's Chief Technology Officer.
- GI Partners in 5x exit to Baird
The private equity and real estate firm has sold software company PC Helps Support to Baird Private Equity’s US buyout group. GI acquired the business in 2005 and helped grow sales by more than 90% during the holding period.
- Fox Paine slowly divests 2000 vintage fund
The mid-market firm has sold software company Paradigm for $1bn, completing its fourth exit from its 2000 vintage fund that has two remaining investments.
- US deals take Apax’s total past $3bn this year
Buyout firm Apax Partners has sealed two US acquisitions, taking the total value of its North American deals this year past $3bn.
- New Mexico invests half of 2011 PE allocation
The US pension has already committed nearly half of its $130m private equity allocation to JMI Equity, Hellman & Friedman and GTCR.
- JMI beats Fund VII target with $875m haul
The firm, based in Baltimore and San Diego, launched Fund VII in May with an $800m target.