Solutions
Damballa has closed USD15m in growth funding to help accelerate sales and distribution through channels to meet the rising market demand for the Damballa advanced threat protection solutions.
Adams Street Partners is leading this funding round and is joined by existing investors, who added to their equity stake in the company. David Welsh, partner at Adams Street, will join the Damballa board.
“Adams Street Partners has been looking to invest in the growing network security market for some time, and we are excited to come on board with Damballa,” says Welsh. “We were intrigued by several aspects of Damballa’s business,
Wireless Energy Management Systems International (WEMS), a Stockport, UK-based provider of the world’s first fully wireless and web-enabled building energy management system, has sold a majority equity stake and raised growth capital in a GBP13m financing led by private equity fund manager WHEB Partners and including Hermes GPE through the Hermes GPE Environmental Innovation Fund.
The company’s wireless building management systems (BMS) technology brings down installation and monitoring costs for commercial energy management solutions. This allows retailers, telecoms companies and other companies with estates of small commercial buildings to achieve annual energy savings of 15 to 30 per cent without
Mobile data optimisation company Snappli has received a significant injection of capital from its founding team of entrepreneurs.
In addition, Snappli has now secured a further USD1m investment from Greylock Partners, Index Ventures and Klaus Hommels, the early investor in Skype, Facebook and Spotify.
The Snappli app compresses, optimises and secures mobile internet data. Snappli reduces data use by up to 85 per cent and accelerates mobile browsing by up to two times. It is also the first app on the market that offers video compression, a major mobile data drain.
“We see a very large global opportunity in mobile
SIGFOX, the first operator of a cellular network fully dedicated to machine-to-machine (M2M) and Internet of Things communications, has closed a funding round.
This EUR10m series B funding led by Intel Capital, together with SIGFOX’s existing investors Elaia Partners, Partech Ventures International and IXO Private Equity, is in line with and supports the company’s international growth strategy.
"This new funding round will enable the company to quickly deploy a very low throughput network covering the whole of France and several foreign countries, and follows our announcement on the opening of the SIGFOX network in early June," says Ludovic le
Lyceum Capital-backed Access Group, a business software provider, has acquired French-based business intelligence specialist Prelytis for EUR4m.
The acquisition, which marks the first of a series of moves by Access into the software as a service (SaaS) marketplace, is the company’s sixth bolt-on since Lyceum Capital backed a GBP50m buyout of the group in March last year to support its long-term growth strategy. In July, it acquired Delta Software in a GBP5.4m deal
The transaction brings the number of deals completed by Lyceum Capital since the beginning of 2011 to 21, comprising 17 add-on acquisitions for portfolio companies and
Atlas Venture and Matrix Partners have invested in sqrrl, the company focused on security, scalability and adaptability for Big Data.
Chris Lynch of Atlas and Antonio Rodriguez of Matrix will join the company’s board of directors.
sqrrl’s seed round will enable the company to aggressively hire to meet the rising demand for secure, scalable, and adaptable Big Data products and fuel the release of an enterprise version of Apache Accumulo that extends the core technology.
"The sqrrl team is an awesome group of people that knows Big Data and knows security," says Lynch. "Their impressive experience, technical strength, and the
FICO, a provider of analytics and decision management technology, is to acquire Adeptra, a specialist in cloud-based customer engagement and risk intervention solutions based in Reading, UK and Norwalk, Connecticut.
Arma Partners acted as exclusive financial adviser to Adeptra on the deal.
Adeptra’s SaaS (software as a service) platform enables financial services institutions and other businesses to take advantage of the explosion in mobile communication in order to manage risk, fight fraud and dramatically improve the customer experience, all in real time. By using Adeptra’s technology combined with FICO’s decision management applications, businesses can move seamlessly from defining, changing and
The founders of OverstockAds.com, a portal of discounted advertising inventory, have formed Savveo, a new venture designed to transform the way local advertising is bought and sold.
An evolution of the OverstockAds.com experience, the Savveo website, when open to the public later this year, will serve as an online marketplace to bring efficiencies to the USD445bn local advertising market.
“Local advertising is one of the most effective ways for businesses to reach their prospective customers, but the way it’s done today is wildly inefficient and frustrating,” says Shafi Mustafa (pictured), chief executive of Savveo and founder of OverstockAds.com. “There are
Arma Partners acted as the exclusive financial adviser to alternative asset manager The Carlyle Group on the sale of UC4 Software to EQT for an enterprise value of EUR220m.
UC4 is the world’s largest independent IT process automation software company. Founded in 1985, UC4 employs over 300 staff and serves more than 2,000 customers across 71 countries, automating tens of millions of mission-critical IT operations a day.
UC4 generated revenues of approximately EUR62m in the fiscal year ended 30 April 2012 and is headquartered in Wolfsgraben (close to Vienna), Austria, and Bellevue, WA, US.
Carlyle’s European Technology fund acquired UC4
The secondary market, where investors historically went to trade their illiquid holdings in hedge funds, private equity and other alternative investments, is increasingly a source of liquidity in normal times and not just an escape hatch for investors in duress, according to a recent survey of more than 489 institutional investors managing gross assets of USD417bn.
The survey indicates that, while USD65bn worth of secondary stakes are now traded annually, this market is expected to grow 125 per cent within the next year, to USD146bn.
Even with that increase, that trading would only represent about two per cent of
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12 November, 2026 – 8:00 am
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