Providence Equity Partners related stories
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Software company LogicMonitor raises $130 million: ReutersSoftware company LogicMonitor said on Thursday it raised $130 million, marking its largest funding round by a wide margin and setting up the California company for an Asia expansion.
- Providence Equity invests in Anju Software, which acquires OBA
Providence Equity Partners has made an undisclosed investment in life sciences software platform Anju Software. As a result of this funding, Anju has acquired Online Business Applications, a provider of medical communication systems and drug safety compliance software for the pharmaceutical, biotechnology and medical device sectors. Madison Park Group acted as financial advice to Anju Software on the transaction.
- Providence Equity Partners invests in OEC
Providence Equity Partners has acquired a majority stake in Richfield, Ohio-based OEConnection LLC, an automotive parts tech provider for original equipment manufacturers’distribution networks. No financial terms were disclosed for the transaction that's expected to close by the end of the second quarter of this year. William Blair and Jones Day served as advisers to OEC on the deal.
Providence-backed Blue Star Sports acquires GoallineBlue Star Sports has acquired Goalline, a Halifax-based provider of sports management software that currently services over 10 million users. No financial terms were released. Blue Star, an integrated software and payments provider to youth sports organizations, said the deal expands its offerings to new and existing customers. The Frisco, Texas-based company, which last month bought /canada/2016/4/pe-backed-2/ Toronto's Pointstreak Sports Technologies, is backed by U.S. private equity firm Providence Equity Partners, Dallas Cowboys owner Jerry Jones, and other investors.
PE-backed Blue Star buys Pointstreak Sports TechnologiesBlue Star Sports has acquired Pointstreak Sports Technologies Inc, a Toronto-based sports technology solutions company, servicing customers in 23 countries. No financial terms were disclosed. Blue Star, a Frisco, Texas-based provider of youth sports team and league management software, said the deal enhances the company's suite of products and increases its global user base to 8 million. Blue Star this month received an investment http://www.bluestarsports.com/pages/page-news.html from U.S. private equity firm Providence Equity Partners and Jerry Jones, the owner of the Dallas Cowboys. It said it is also backed by Bain Capital and other investors.
- Former Vonage chief Lefar takes helm at PE-backed RentPath
RentPath LLC, which is backed by TPG and Providence Equity Partners, has named former Vonage Holdings chief Marc Lefar as president and CEO. RentPath had been looking to fill the position since November 2015, when former President and CEO Chip Perry resigned after just four months in the post to take the top job at TrueCar. RentPath’s Kim Payne resumes her job as CFO after serving as interim president and CEO.
- Dallas Cowboys owner Jones, Providence Equity back youth-sports software firm
The owner of the National Football League's Dallas Cowboys, Jerry Jones, and Providence Equity Partners are backing Blue Star Sports, the Frisco, Texas, producer of software solutions for youth-sports organizations. The solutions include websites and payment and registration systems. Providence Equity is the Providence, Rhode Island, private-equity investment firm.
- CVC rejects Lisa Lee discrimination claims
The firm has branded its former employee’s allegations as “nothing more than petty slights and trivial inconveniences”.
- PE-backed Ministry Brands buys unit from Vista Equity’s Active Network
Knoxville, Tennessee-based Ministry Brands, a Christian software company backed by Genstar Capital and Providence Equity Partners, acquired ACTIVE Network's faith division, which offers a software product that helps churches integrate administrative functions. Based in Dallas, Texas, ACTIVE provides management solutions for event and activity organizers and is owned by Vista Equity Partners.
- Providence Equity to buy 63% of Starman Group
East Capital Explorer AB has agreed to sell its 63 percent stake in Starman Group to Providence Equity Partners. The transaction represents an enterprise value of about 210 million euros ($232.6 million) It will consist of an upfront cash consideration of approximately 81 million euros ($89.7 million) with an additional earn-out of up to 5 million euros payable in 2017. Starman Group is a TV and internet provider in the Baltics.