PE Tech Report

Technology & software solutions

Ridgemont to acquire majority interest in Unite Private Networks

Ridgemont Equity Partners, a middle market buyout and growth equity firm, has signed a definitive agreement for a majority investment in Unite Private Networks, a provider of high-bandwidth, fibre-based communications networks. The financial terms of the transaction were not disclosed. Unite Private Networks specialises in providing high-capacity data communications networks

Telepo secures EUR10m from Investor Growth Capital and Accel Partners

Telepo, an enabler of enterprise communication and collaboration software platforms, has secured EUR10m in its B round funding from Investor Growth Capital and existing investor Accel Partners. It is the biggest software investment this year in the Nordics. Mikael Johnsson, vice president at Investor Growth Capital, will join Telepo’s board

Computer screen

Peak Ridge Capital fund invests in New River Technologies

Peak Ridge Capital’s venture capital funds, the Avolte Venture Partners Midwest Fund, has made an investment in New River Technologies, a Wisconsin-based technology company that allows financial institutions to aggregate demand for purchased items. New River develops a web-based software transaction platform that helps financial institutions, specifically banks, aggregate demand

Carbon360 launches the Fund Administration Market

Research and consulting firm Carbon360 has launched the Fund Administration Market, a service designed to aid fund managers with the selection of fund administrators. The free service matches fund managers with the best-qualified administrators for their needs. It also aims to reduce the cost of search and implementation, and minimise

Capital IQ and Tamale RMS data available via single dashboard

Advent Software, a provider of software and services for the investment management industry, is making Capital IQ and Tamale RMS data available via a single dashboard view. The new dashboard combines fundamental and quantitative company data, offered by Standard & Poor’s Capital IQ, with the investment firm’s own proprietary research

Jive closes USD30m investment from Kleiner Perkins and Sequoia Capital

Jive Software, a social business software provider, has closed USD30m in series C financing. Kleiner Perkins Caufield & Byers led the investment, with continued participation from Sequoia Capital, the only venture investor in Jive up until now. Ted Schlein (pictured), managing partner at Kleiner Perkins, will join Jive’s board of

Bill Stone, chairman and chief executive officer, SS&C Technologies

SS&C adds risk reporting to fund administration services

SS&C Technologies, a provider of financial services software and software-enabled services, has launched Risk Analytics, an independent investment risk analysis solution for hedge funds, fund of funds, private equity funds and managed accounts. The new risk management tools, fully integrated with SS&C’s proprietary accounting and derivatives platform, provide SS&C’s clients

Hermes appoints Equipos to deliver enhanced client communications

Hermes Fund Managers, an asset manager offering investment solutions for institutional clients, has selected client communications specialists Equipos to deliver its enterprise-wide client reporting infrastructure. Hermes will use Equipos Coric to automate the production of client reports and streamline client communications. The Coric suite enables end-to-end management of the client

Hakan Valberg, senior vice president and general manager, Advent Software, EMEA

Orangefield Trust selects Advent’s Geneva for fund administration

Orangefield Trust has selected Advent Software’s Geneva portfolio management system and Advent Partner World Investor solution for investor accounting and servicing. Orangefield Trust, formerly ING Trust, operates from offices in 11 jurisdictions across the globe. The firm provides a wide range of management, administrative and trust or corporate services to

Track-Life launches web portal for servicing life settlement portfolios

Track-Life has launched a web portal that changes the way portfolio managers can view critical information within a life insurance settlement portfolio.  Transparent Life Plus is the first life settlement tracking and servicing system that offers real-time information and statistics on insurance policies held within a life settlement portfolio. Track-Life,

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