Solutions
Buddy Media, a Facebook management system for advertisers, has raised USD23m in series C funding to fuel its growth.
Institutional Venture Partners led the new round and was joined by existing Buddy Media investors including Softbank Capital, Greycroft Partners and Bay Partners.
The Buddy Media investment is the first by IVP in its latest fund, a USD750m later-stage venture capital and growth equity fund announced in August 2010.
The expansion capital will be used to triple Buddy Media’s employee headcount to 300 in the next 18 months, as well as fund other marketing and growth initiatives.
Buddy Media’s
SBI Ven Capital has selected Imagine Software’s ASP service, Derivatives.com, for risk and portfolio management.
SBI Ven Capital, a Singapore subsidiary of Japan-based SBI Holdings, is a private equity firm providing growth capital to companies in the mid-market sector in the Asia Pacific region.
Its adoption of Imagine includes both risk and portfolio managers based in Tokyo and Singapore, trading through Shenton Structured Projects, SBI’s public markets proprietary desk.
Its global macro strategy covers a variety of asset classes encompassing bonds, equities, FX, futures and options.
Kaz Makabe, director of Shenton, says: “The key capabilities that make Imagine’s offering so
Kana Software, a provider of software solutions for service experience management backed by Accel-KKR, has entered into a definite agreement to acquire Lagan Technologies, a provider of government to citizen technology.
Lagan is being sold by DFJ Esprit, which was the largest shareholder in the company.
The transaction will complement Kana’s capabilities in the communications, financial services, healthcare, retail and technology sectors.
The terms of the transaction were not disclosed.
Lagan software powers 200 government agencies worldwide at the national, regional and city level, serving 60 million citizens a year.
The combined entities will deliver rapid response to billions of
Thoma Bravo, a private equity investment firm, has completed the acquisition of LANDesk Software from Emerson.
LANDesk specialises in systems lifecycle management, endpoint security and IT service management.
Financial details were not disclosed.
Steve Daly, formerly the executive vice president and general manager of LANDesk, has been named the chief executive of LANDesk and will lead the independent company along with the existing management team.
“Now that LANDesk is an independent company, we can be more focused on strengthening our core business,” says Daly. “LANDesk customers, partners and employees can expect even more innovation throughout our key solutions – systems
Northern Trust has launched a portfolio reporting and monitoring solution for private equity fund of funds managers, which enables them to track their fund of funds holdings and valuations right through to portfolio company level.
“Detailed tracking of underlying investments by a private equity fund of funds manager can be a very time consuming, specialised and resource hungry middle office operation,” says Mark Schoen, head of global product and strategy for Europe, Middle East and Africa. “Through Northern Trust’s fund and investment tracking solution, we can provide our clients with a high level of granularity and reporting that effectively ‘looks
IHS has acquired Syntex Management Systems, an SMH Private Equity Group portfolio company based in Houston, Texas.
SMH Private Equity Group is a division of Sanders Morris Harris Group.
Syntex, a provider of enterprise risk management software, helps customers manage corporate risks such as employee safety and health programmes.
This is the second major private equity investment exit in the past 12 months for SMH, following the sale of Lombardi to IBM.
Eze Castle Integration, a provider of IT services, consulting and technology to hedge funds and alternative investment management firms, has surpassed 30 applications in its hosted infrastructure.
Eze Castle Integration, a provider of IT services, consulting and technology to hedge funds and alternative investment management firms, has surpassed 30 applications in its hosted infrastructure.
The company has also been named a recommended hosting provider for Convergex Group’s Eze OMS, an order management system.
Eze Cloud was custom built for the alternative investment market and has supported more than 30 critical business applications, including Eze OMS.
As a recommended infrastructure provider
Prime Technology Ventures, a pan-European venture capital firm, has led a USD13m round of new funding in Cint, the company behind the SaaS-based marketplace for market research sample Cint Panel Exchange.
Existing owners such as Nordic venture capital firm Creandum also participated in the funding.
Cint is headquartered in Stockholm and provides market researchers with fully automated access to panels of four million profiled individuals across 40 countries. In 2008 Cint opened offices in US, Canada, Spain, Denmark and Russia. During 2009 and 2010 additional offices were opened in UK, Germany and the Netherlands.
Funds will be used to expand
Cambridge-based OpenCloud, a supplier of real-time application server software for next-generation convergent telecommunications services, has received an investment of GBP4m from Nokia Siemens Networks, one of the largest telecommunications hardware, software and services companies in the world.
OpenCloud has also received an additional GBP1m from its existing investors Advent Venture Partners and No 8 Ventures.
In addition to the investment by NSN OpenCloud has secured an OEM agreement that will see OpenCloud’s Rhino Telecom Application Server and Service Interaction Server becoming integrated into NSN’s charge@once unified product suite.
The investment will be used by OpenCloud to further its expansion. It
Prelert has raised USD3.75m in series A funding from Fairhaven Capital Partners and Sierra Ventures.
Prelert will use the funds to expand sales of its Incident Cause Analysis software, the first product to automatically find the causal chain of events behind business affecting IT service incidents.
"Prelert has proven its ability to reduce the time it takes to identify and document the cause of service disruption incidents by 90 per cent," says Rick Grinnell, managing director of Fairhaven Venture Capital. "Their product has broad applicability across a diverse set of environments, including market data systems, Web-based applications, internal network applications,
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