Updata Partners related stories
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Time Warner Investments leads $17 mln funding in MashableTime Warner Investments has led a $17 million Series B funding round in Mashable, which provides news, information and other resources. The capital will allow Mashable to hire more than 100 more employees. All major investors will take part in the Series B funding. Rachel Lam will join Mashable's board. The funding round brings Mashable's total capital raised to $31 million since 2005.
- Updata Partners invests in Ruby Receptionists
Updata Partners has acquired a majority stake in Ruby Receptionists for $38.8 million. StepStone Group is co-investing in the transaction. Headquartered in Portland, Oregon, Ruby Receptionists is a provider of live virtual receptionist services to small businesses.
- Flagship And Updata target fifth funds
Flagship Ventures and Updata Partners are both raising fifth funds, according to a pair of filings with the Securities and Exchange Commission.
- VC-backed PulsePoint expands team with new hire
New York-based ad tech platform PulsePoint has hired Mitchell Eisenberg as general counsel and SVP of corporate development. Previously, Eisenberg worked at Mediabistro. PulsePoint's backers include Draper Fisher Jurvetson, Gotham Ventures, New Atlantic Ventures, Investor Growth Capital, Updata Partners and VantagePoint Capital Partners.
VC-backed Harmony Information Systems bought by MediwareHarmony Information Systems Inc, a provider of cloud-based long-term care software, has been acquired by Mediware Information Systems Inc for an undisclosed price. Mediware, a U.S.-based specialist in software for the commercial healthcare industry, said the acquisition would expand its footprint in the post-acute care market. With its headquarters in Weston, Virginia, Harmony has been a portfolio company of Canadian specialty finance firm Wellington Financial since 2011. It also has been backed by U.S. investors, including venture capital firms JMI Equity and Updata Partners.
- Updata Partners invests in XebiaLabs
XebiaLabs said Monday that it has raised $12 million in funding from Updata Partners. According to the firm, the capital will be used for growth. In addition to the funding, Carter Griffith and James Scocas of Updata Partners have been named to XebiaLabs' board. Headquartered in Boston, XebiaLabs is a provider of delivery automation solutions.
- VC-backed PulsePoint names new SVP of product management
PulsePoint has hired Julie Preis as SVP of product management. Previously, Preis worked at Mocean Mobile. Headquartered in New York City, PulsePoint is an advertising tech and content creation firm. Its backers include Draper Fisher Jurvetson, Gotham Ventures, New Atlantic Ventures, Investor Growth Capital, Updata Partners and VantagePoint Capital Partners.
- Bain Capital invests in Viewpoint Construction Software
Bain Capital has made an undisclosed investment in Viewpoint Construction Software. As part of the transaction, Updata Partners and TA Associates are selling their stakes in Viewpoint. Credit Suisse and Canaccord Genuity advised Viewpoint on the deal while Wells Fargo advised Bain Capital. Headquartered in Portland, Oregon, Viewpoint is a provider of software solutions and services to the construction sector.
IPO Profile: Amber Road IncCross Atlantic Capital, Goldman, Sachs, NJTC Investment Fund, Orix Venture Finance and Updata Partners collectively own 12.4 million shares worth $161 million at the IPO price.
- Cross Atlantic sells over 1.5 million shares of Amber Road IPO
Cross Atlantic Capital Partners said Monday that it has sold over 1.5 million shares of Amber Road's IPO. No financial terms were disclosed. Headquartered in East Rutherford, NJ, Amber Road is a provider of global trade management solutions. It is also backed by Updata Partners, Goldman Sachs and NJTC Investment Fund.