Providence Equity Partners related stories
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Providence Equity backs EZLinksChicago-based EZLinks Golf, a provider of golf management technology, has secured an undisclosed amount of funding. The investor was Providence Equity Partners. DLA Piper LLP advised EZLinks Golf LLC. on the transaction while Weil, Gotshal & Manages LLP advised Providence Equity.
- VC-backed PrecisionHawk recruits Chasen as CEO
Raleigh, North Carolina and Toronto-based PrecisionHawk, a provider of advanced commercial drone technologies, has hired Michael Chasen as CEO. Previously, Chasen was the CEO and co-founder of Blackboard. PrecisionHawk's backers included Intel Capital, Millennium Technology Value Partners, Verizon Ventures, NTT Docomo Ventures, Yamaha Motor, DuPont and Indiana University.
- Hungarian festival company Sziget sells 70 pct stake to Providence Equity: Reuters
U.S.-based private equity firm Providence Equity Partners has bought a majority stake in Hungarian festival company Sziget, the companies said in a joint statement on Friday, aiming to expand the events internationally.
Wellington Financial invests $8.5 mln in Conversica's Series B roundCanadian specialty finance firm Wellington Financial has provided US$8.5 million in growth funding to Conversica, a Foster City, California provider of artificial intelligence (AI)-powered business conversations. Wellington's investment was part of the company's US$34 million Series B financing, led by Providence Equity Partners. Founded in 2007, Conversica supports sales and marketing activity with AI-enabled software that engages leads in two-way human conversations via e-mail. It plans to use the funds raised to expand sales and marketing, support ongoing product development, and continue growth of its operations.
- KeyMe attracts $25 mln
KeyMe, a key duplication solution provider, has raised $25 million in funding. Benefit Street Partners, an affiliate of Providence Equity Partners, led the round.
- Boston Logic grabs funding from PSG
Providence Strategic Growth has made an undisclosed investment in Boston Logic, a provider of software, online marketing and design services for real estate companies. In addition to the funding, Marco Ferrari, a managing director at PSG, has been added to Boston Logic's board of directors.
- Providence Strategic Growth backs PaySimple
Denver-based PaySimple, a service commerce platform for businesses, has secured $115 million in funding. The investor was Providence Strategic Growth. In conjunction with the funding, Mark Hastings, managing director and head of Providence Strategic Growth, has been added to PaySimple's board of directors.
- Providence Equity exits Learfield Communications
Atairos Group Inc has agreed to buy Learfield Communications Inc. Providence Equity Partners was the sellers. Learfield is a college sports marketing company. Moelis & Company acted as financial adviser and Weil, Gotshal & Manges LLP acted as legal adviser to Providence. Deutsche Bank provided financial advice, while Davis Polk & Wardwell LLP and Latham & Watkins LLP were the attorneys to Atairos.
- Providence Equity buys Untangle
Providence Equity Partners has acquired San Jose, California-based Untangle Inc, a network security provider for small to medium sized businesses. No financial terms were disclosed.