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Dolphin Equity realises USD93m on Gomez sale

Dolphin Equity Partners has recorded one of the largest single returns for limited partners among venture capital investors in 2009 with its sale of long-time investment Gomez to Compuware.

Compuware’s USD295m cash acquisition of Gomez realised USD93m for Dolphin investors, a 770 per cent return.

Dolphin was Gomez’s largest shareholder and first invested in the company in 2000, when it saw an opportunity to build on Gomez’s nascent Web-performance monitoring assets and its then-pioneering delivery via the Software as a Service model.

“Dolphin is committed to looking for long-term investment opportunities that have huge potential payoffs, especially among SaaS technology providers,” says Dolphin president Richard Brekka (pictured). “With our hands-on approach to helping find and support the right management teams, we’ve been able to create some truly innovative companies that have delivered real returns for our investors.”

The Gomez acquisition is the latest in a series of increasingly high-quality exits for Dolphin portfolio companies over the past few years, including Enpocket (sold to Nokia in 2007) and MaxPreps (sold to CBS in 2007).

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