PE Tech Report

Technology & software solutions

SBI selects Imagine Software for portfolio and risk management

SBI Ven Capital has selected Imagine Software’s ASP service, Derivatives.com, for risk and portfolio management. SBI Ven Capital, a Singapore subsidiary of Japan-based SBI Holdings, is a private equity firm providing growth capital to companies in the mid-market sector in the Asia Pacific region. Its adoption of Imagine includes both

Kana Software to acquire Lagan Technologies from DFJ Esprit

Kana Software, a provider of software solutions for service experience management backed by Accel-KKR, has entered into a definite agreement to acquire Lagan Technologies, a provider of government to citizen technology. Lagan is being sold by DFJ Esprit, which was the largest shareholder in the company. The transaction will complement

Thoma Bravo completes acquisition of LANDesk

Thoma Bravo, a private equity investment firm, has completed the acquisition of LANDesk Software from Emerson. LANDesk specialises in systems lifecycle management, endpoint security and IT service management. Financial details were not disclosed. Steve Daly, formerly the executive vice president and general manager of LANDesk, has been named the chief

Northern Trust launches portfolio reporting for private equity fund of funds

Northern Trust has launched a portfolio reporting and monitoring solution for private equity fund of funds managers, which enables them to track their fund of funds holdings and valuations right through to portfolio company level.  “Detailed tracking of underlying investments by a private equity fund of funds manager can be

IHS acquires SMH portfolio company Syntex Management Systems

IHS has acquired Syntex Management Systems, an SMH Private Equity Group portfolio company based in Houston, Texas. SMH Private Equity Group is a division of Sanders Morris Harris Group. Syntex, a provider of enterprise risk management software, helps customers manage corporate risks such as employee safety and health programmes.  This

Clouds

Eze Castle Integration expands cloud computing services

Eze Castle Integration, a provider of IT services, consulting and technology to hedge funds and alternative investment management firms, has surpassed 30 applications in its hosted infrastructure. Eze Castle Integration, a provider of IT services, consulting and technology to hedge funds and alternative investment management firms, has surpassed 30 applications

Prime Technology Ventures leads USD13m funding in Cint

Prime Technology Ventures, a pan-European venture capital firm, has led a USD13m round of new funding in Cint, the company behind the SaaS-based marketplace for market research sample Cint Panel Exchange. Existing owners such as Nordic venture capital firm Creandum also participated in the funding. Cint is headquartered in Stockholm

Clouds

Nokia Siemens Networks leads investment in OpenCloud

Cambridge-based OpenCloud, a supplier of real-time application server software for next-generation convergent telecommunications services, has received an investment of GBP4m from Nokia Siemens Networks, one of the largest telecommunications hardware, software and services companies in the world. OpenCloud has also received an additional GBP1m from its existing investors Advent Venture

Prelert raises USD3.75m in series A funding

Prelert has raised USD3.75m in series A funding from Fairhaven Capital Partners and Sierra Ventures. Prelert will use the funds to expand sales of its Incident Cause Analysis software, the first product to automatically find the causal chain of events behind business affecting IT service incidents. "Prelert has proven its

Crescent Financial Partners acquires stake in IT Trading’s software

Crescent Financial Partners has purchased a minority stake in IT Trading’s proprietary quantitative trading software for USD3.2m. The software, which has been under development for nearly a decade, employs a statistical arbitrage trading model. “In the finance world, arbitrage is commonly known as the practice of taking advantage of a

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