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Private investment firm Clearlake Capital Group is to acquire ConvergeOne, a provider of communications solutions and managed services to enterprises globally, from Genstar Capital.
Headquartered in Eagan, Minnesota, ConvergeOne offers one source for multivendor solutions – from initial design and implementation through ongoing consulting, technical support, and managed services across the spectrum of IT, contact centre solutions, and unified communications.
ConvergeOne maintains relationships with global solution leaders, including Avaya, Cisco Systems, IBM, Interactive Intelligence and Microsoft.
It has more than 4,100 customers, including 46 per cent of the Fortune 100 companies, operating in virtually every industry, including the
Attensity, a provider of corporate insight solutions based on proprietary data contextualisation, has closed USD90 million in equity financing.
Financing was provided by an international private equity fund and financial advisor company.
The new capital secured will be used to accelerate product innovation, fuel market growth, and expand the sales, marketing and engineering teams to meet the growing need for engagement and analytics applications using patented natural language processing (NLP) technology.
"Attensity is already an established market leader in social media analytics used by global companies," says Howard Lau, CEO and chairman. "Now we are extending that lead
French start-up Bunkr has closed its first fundraising at EUR1 million with investments from Idinvest Partners, Daniel Marhely (Deezer co-founder) and Xavier NIEL.
The financing will allow Bunkr to improve the development of its product, which allows users to share presentations using Dropbox and Twitter, and accelerate its international growth.
One year after its launch, Bunkr has 50,000 users in 170 countries, mostly in Brazil, Eastern Asia and the US.
Private equity firm Northern Lights Capital Group, a provider of strategic capital and resources to boutique asset management firms, has made an investment in Buick Capital Partners.
Buick is an independent, London-based private placement firm, providing advisory and placement services to alternative investment managers with strategies ranging from liquid hedge funds to private equity and other longer-term special situations vehicles.
The new company will be re-named Northern Lights Alternative Advisors (NLAA) and will provide expanded distribution and strategic capabilities for Northern Lights in the UK and Europe. Terms of the transaction have not been disclosed.
Buick was founded
Worldpay Group has made an investment in Pazien, a start-up founded by industry veterans David Burrows and Jason Pavona, located in Boston, Massachusetts.
Pazien is creating products that simplify the payments ecosystem, which is becoming more complicated for businesses of all sizes around the globe to understand and manage.
From selecting the optimal payment ecosystem partners and products for their business to maximising the value of those solutions, the Pazien platform will ensure merchants efficiently and effectively leverage the payment ecosystem.
Floris de Kort, CEO of Worldpay’s eCommerce division, says: “Our vision is to be the world’s most
Mawwell, a new international rewards-based crowdfunding destination for creative and innovative projects, has launched the first crowdfunding platform for the EMEA market.
Mawwell, which means "fund" in Arabic, aims at giving the opportunity for project creators who may be too small for venture capital firms or too innovative for bankers, to attract the attention from individuals whose financial support will help the projects.
"We are very excited about the launch of Mawwell as the first crowdfunding platform to fully address the EMEA creative projects crowdfunding needs,” says Joanna Truffaut, the founder and director of Mawwell.
Mawwell welcomes projects
DealerSocket has entered into a strategic investment partnership with private equity firm Vista Equity Partners.
DealerSocket has grown from a start-up software company in a garage 13 years ago to a 450 employee CRM platform for the retail and independent automotive industries.
DealerSocket partnered with Vista to accelerate growth and to continue to invest in product, service and operational scale.
DealerSocket's current management team will remain in place and continue to hold a significant ownership stake in the company.
Vista's founder and managing principal Robert F Smith says: "We are tremendously excited about partnering with DealerSocket. We
Peerius, the UK’s and Europe’s largest provider of personalisation software, has received growth finance of GBP1.2million from Beringea Growth Finance, part of Beringea, the manager of the ProVen VCTs.
Peerius’ suite of SMART products allows each retail client to treat every visitor to its website as an individual.
Peerius uses complex algorithmic software to ensure that clients’ customers feel unique in being offered exactly what they want.
Clients include Arcadia Group, Charles Tyrwhitt, Tommy Hilfiger, notonthehightstreet.com, Appliances Online, Wickes and Superdry.
The injection of funds will allow the company to continue to invest in its software,
FF&P Private Equity, a UK lower-mid market growth private equity investment firm, has appointed Kenny Miller to the newly created role of finance director.
Miller joins FF&P Private Equity from Hutton Collins Capital Partners, the London based mid-market private equity house, where he was financial controller.
Prior to Hutton Collins, Miller held private equity fund accounting roles at 3i, where he was fund controller for the USD1.2bn Indian Infrastructure Fund and fund accountant for the GBP3bn European Buyout Fund.
Prior to joining 3i he also held fund roles at State Street and Bank of New York.
Miller’s
More than 100 new funds were launched from Guernsey last year. Fiona Le Poidevin of Guernsey Finance believes that this is a major vote of confidence in the Island’s approach to AIFMD.
Latest figures from Guernsey’s financial services regulator, the Guernsey Financial Services Commission (GFSC), show that it approved 30 new investment funds during the fourth quarter of last year, amid a total of 103 additions during 2013.
However, while asset values have proved sluggish, largely due to external factors at play during 2013, the GFSC has been kept busy with new fund applications. The 103 new funds launched are
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