Updata Partners related stories
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Welsh Carson to Buy Alert LogicWelsh, Carson, Anderson & Stowe has agreed to buy a majority of Alert Logic, along with company management. Financial terms weren't announced. Selling shareholders include Updata Partners, Covera Ventures, Mercury Fund, OCA Ventures, Access Venture Partners, and Industry Ventures. Houston-based Alert Logic provides a portfolio of Security-as-a-Service solutions for customers of hosting and cloud service providers. Morgan Stanley advised Alert Logic. Stifel, Nicolaus & Co. provided financial advice to Welsh, Carson.
- LendKey Grabs $12.5 Mln in Series B Funds
LendKey said Wednesday that it has secured $12.5 million in Series B funding. The lead investors were Updata Partners and TTV Capital. Existing investors Draper Fisher Jurvetson and Gotham Ventures also participated in the round. Based in New York City and Cincinnati, LendKey is a provider of cloud-based lending solutions.
- Collective Bias Inks $10.5M Series A
Updata Partners led a $10.5 million Series A round for social shopper media startup Collective Bias. The company will use the money to expand its content management platform, as well as expand its staff.
- TA, Updata Bid for Nintex
TA Associates and Updata Partners said Wednesday they plan to make a "significant" investment in Nintex Group. Financial terms were not announced. Nintex, of Melbourne, Australia, is a software provider. Macquarie Capital is currently a Nintex investor. The Wall Street Journal said the consortium's offer for Nintex was valued at US$222 million http://blogs.wsj.com/dealjournalaustralia/2013/03/27/australias-nintex-receives-takeover-offer-from-u-s-private-equity-firms/ Spurrier Capital Partners and Macquarie provided advisory services to Nintex.
Intel Capital’s New Course AbroadThe nation’s largest corporate investor continues to shift capital overseas with a new focus on Brazil and more caution in China
- Growth of BYOD Trend Drives Demand for Corporate Solutions
As smartphones grow and more personal tablets and laptops come into the workplace, startups are launching to secure and manage IT infrastructure