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Vista Equity Partners has completed its acquisition of Omnitracs, formerly a subsidiary of Qualcomm.
In conjunction with this announcement, Omnitracs has signed a definitive agreement to acquire Roadnet Technologies, a provider of fleet management software solutions for private fleets.
Roadnet, based in Baltimore, Maryland, is a provider of routing, scheduling, optimization and mobile resource management software solutions in the US and internationally. Roadnet's fleet management platform enables its customers to solve complex transportation problems in a simple manner.
"Roadnet is excited to become part of the Omnitracs and Vista family. Our solutions are very complementary and together we
GGM Venture Capital, though its sub-fund GGM High Growth IT Fund, has invested a total of EUR1.40m series A investment into Optimitive.
The round was led by GGM Venture Capital and joined by SURGE Accelerator. Optimitive graduated from the SURGE Accelerator programme in May 2013.
Founded in Spain in 2008, Optimitive provides a real time energy saving service through its software and services that allows large industrial companies to permanently and significantly reduce energy or raw material input costs and to lower CO2 emissions.
The capital raised will be used to accelerate the company's vision and commercially roll-out
Silk Road Capital assesses the implications of Iran’s nuclear deal with the West…
Landmark Deal. Iran and world powers have reached an agreement that freezes key parts of Iran’s nuclear activities in return for about USD7bn worth temporary sanctions relief. The hard-fought deal, the first such agreement in 10 years, has broken a long-lasting diplomatic gridlock between Iran and the West. The six month agreement commits Iran to curb key activities of its nuclear program, in particular to halt enrichment above 5%, and neutralise its stockpile of near-20% uranium; to halt progress on its enrichment capacity (including no installing additional centrifuges
Altium, an international mid-market corporate finance adviser, has hired Christopher Jones as a managing director in its London office.
Jones (pictured) joins from Livingstone Partners where he led the consumer sector team.
He brings with him a wealth of expertise and experience in the travel, leisure and eCommerce sectors. Recently he led the sale of City Screen to Cineworld, the sale of IronmongeryDirect.com and a number of transactions in the travel sector including the sale of Reed & Mackay, the buyout of Key Travel and the sale of Iglu.com.
Phil Adams, chief executive at Altium, says: “Christopher’s appointment will further strengthen
Robyn Holloway has joined DST Systems as vice president of sales for its alternative investment solutions business.
Holloway (pictured) brings more than 15 years' experience in the alternatives, brokerage, and wealth management industries to her new role.
She comes to DST from Deutsche Bank, where she led hedge fund administration sales efforts for the company's alternative funds services business.
"Robyn's experience with hedge funds and private equity funds will be particularly valuable to an expanding list of asset managers looking to bring alternative products to market," says Mike Tobin, vice president and head of sales for DST. "Her
MJ Hudson and MW Cornish & Co have merged their respective private equity and hedge funds practices with immediate effect.
The merged firm, known as MJ Hudson, will be committed to providing a specialist legal service to the global alternative assets industry.
The merger is the latest milestone in MJ Hudson’s growth trajectory which, earlier this year, saw the firm merge with Jersey-based legal practice VerrasLaw to provide a one stop onshore/offshore offering to clients, as well as bolster its M&A and venture capital team with an additional two senior lateral hires.
MJ Hudson managing partner Eamon Devlin
Guardian Capital Group is to acquire a specialist boutique emerging market equity investment firm in London, providing the firm with an international platform to expand its asset management business.
Guardian has agreed to acquire London-based Zephyr Management (UK) Ltd, manager of the Zephyr Aurora Fund, an emerging market equity fund led by the experienced emerging market equity portfolio management team of Steve Bates and Clive Lloyd.
Bates (pictured), portfolio manager and chief investment officer for the Zephyr Aurora Fund, has led the Zephyr Management (UK) Ltd investment operations since 2002, following a successful career as head of JP Morgan
Aetna has agreed to acquire UK-based InterGlobal from a group led by its majority shareholder Alchemy Partners.
InterGlobal has more than 65,000 medical members worldwide, and specialises in international private medical insurance for groups and individuals in the Middle East, Asia, Africa and Europe.
The terms of the transaction, which are not material to Aetna, were not disclosed. Aetna expects to finance the acquisition from available resources. The transaction is expected to close during the first half of 2014 and be neutral to Aetna's financial results in 2014.
“The addition of InterGlobal to Aetna’s international business will expand
Peer-to-business lending platform rebuildingsociety.com has passed the GBP1m borrowing milestone following a surge in interest from small and medium sized business (SME) borrowers.
Strong growth in lending and demand from UK small businesses in the past three months has enabled rebuildingsociety.com to pass the milestone and facilitate nearly GBP1.2m of loans to SMEs in a nine month period.
The rapid growth has encouraged rebuildingsociety.com to target GBP20m of borrowing by the end of 2014.
Average loans to SMEs are now GBP61,000 and the Leeds-based firm has received 50 per cent more loan requests from businesses in the three
Dolphin Venture Fund I, a seed fund organised under the laws of Delaware, is raising up to USD100m to seed fund start-ups and early stage ventures in Greece, the US, and the Philippines.
The fund has over USD12m in investor commitments. Investors are expecting an annual ROI of 34 per cent, but based on the progress made by some hedge funds in Greece, Dolphin Venture Fund believes the number could be much higher.
The company has about a dozen start-ups and ongoing companies in its portfolio, notably a start-up in the Philippines, called Pakwan Intl that creates call centres
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