JMI Equity related stories
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- Brown & Brown Buys Arrowhead General
Insurance broker Brown & Brown Inc. will pay $395 million in cash to buy Arrowhead General Insurance Agency Inc., a company owned by Spectrum Equity Investors and JMI Equity, Reuters reported. The purchase price is subject to adjustments based on Arrowhead's working capital, debt and net tax operating losses, Reuters wrote.
- CouponCabin.com Inks Whopping $54M
CouponCabin.com has raised $54 million in growth financing led by JMI Equity, the company announced Thursday. JMI is taking a minority stake in the online coupon company.
- Four Ex-Houlihan Execs Launch Clearsight Advisors
Four former executives of Houlihan Lokey have formed Clearsight Advisors, a McLean, Va.-based merchant bank focused on business services and technology. Clearsight execs include: Joel Kallett, co-founder and MD, Greg Treger, also a co-founder and MD; Bhavin Patel, SVP; and, Bethany Seidler, who is director of administration for the new firm.
- New CIO for DriveCam
DriveCam, a global driver risk management company, has appointed Drew Martin as chief information officer effective October 3, 2011. DriveCam was recently recognized as #30 in The Wall Street Journal's listing of Top 50 Venture-Backed Companies. The San Diego-based company has previously secured backing from Leader Ventures, Triangle Peak Partners, Menlo Ventures, JMI Equity, Insight Venture Partners and Integral Capital Partners.
- Studer Gets Backing From JMI
Healthcare business Studer Group has secured a strategic investment from JMI Equity, a growth equity firm focused on investing in software, Internet, business services and healthcare IT companies. Founded in 1992, JMI Equity has invested in more than 100 businesses in its target markets and has over $2.1 billion of committed capital under management.
Few Complete IPOs, But Many FileJive Software, Brightcove among the recent companies that filed to go public
- DoubleVerify Inks $33M in New Capital
DoubleVerify, a maker of verification technology for online advertising, has closed on $33 million in new capital. JMI Equity and Institutional Venture Partners led the round, which also included return backers Blumberg Capital and First Round Capital. As a result of the round, Bob Nye of JMI Equity and Dennis Phelps of Institutional Venture Partners have joined the company’s board. Formed in 2008, DoubleVerify has raised a total of $47 million to date.