Solutions
Orgnostic, a people analytics platform helping fast-growing companies to democratise people analytics, has raised USD5 million in funding.
The seed round was led by Earlybird Digital East, and includes participation from a roster of impressive investors, including Script Capital and angel investors including Eric Ries and Tiho Bajic of Lean Startup and LTSE, Rony Kahan of Indeed, and Charlie Songhurst of Microsoft. This is in addition to previous investment from South Central Ventures.
In recent years, a huge number of different tools have been made available to HR professionals each focusing on different elements of the people management stack.
Calculus portfolio company, CloudTrade, has been acquired by Advanced, a provider of business software, delivering a four-times return to Calculus investors in just over three years.
The CloudTrade platform, which automatically processes and interprets electronic documents, is primarily used to automate invoice handling for large companies, which saves time, improves accuracy and reduces cost. Calculus invested, from its EIS and VCT funds, in July 2018, having been impressed by the patented technology, strong management team and large addressable market. During the investment period the company’s revenues have grown significantly, and multiple new partnerships and contracts have been won.
Richard
FDH Aero (FDH), an aerospace and defence products distributor serving aircraft production and aftermarket supply chains, has acquired Stealth Aerospace (Stealth).
Stealth Aerospace, founded in 1995, is a stocking distributor of aerospace electrical and electro-mechanical components including relays, switches, connectors, lamps, avionic components, latches, wire & cable and other electrical products to the airlines and aerospace industry worldwide. Based in Southern California, Stealth brings to FDH a leader in the US commercial and cargo aerospace aftermarket, strengthening FDH’s ability to serve its global aftermarket customer base.
“Alon and the Stealth team have built a remarkable business servicing many of the
Alternative investment platform CAIS is working with the Milken Institute to provide expanded access by wealth managers to educational content from the 24th annual Milken Institute Global Conference, taking place October 17-20 in Beverly Hills, California.
This year’s Milken Institute Global Conference is centred on the theme “Charting a New Course,” and will examine the disruptions and innovations precipitated by the global pandemic, as well as ensuing social crises and economic hardships, can be reframed for a thriving future.
CAIS Founder and CEO Matt Brown will moderate a private session on “The Future of Wealth Management” at the conference discussing
Borrower wellbeing app, ilumoni has officially launched and is now available to download on Android and iOS devices.
The app, which has received GBP1.63 million in investment since inception and gained FCA authorisation earlier this year, has successfully completed its Beta testing and is now available to the wider market.
The free to use, AI-driven app helps its users to understand and manage their borrowing in four simple steps. It asks users to set their priorities and brings together financial information from credit reports, credit cards, personal loans, mortgages, and bank accounts to give users visibility of
Clearlake Capital Group has completed its acquisition of Cornerstone OnDemand, a specialist leader in talent management software.
The acquisition was previously announced on 5 August, 2021, and was approved by Cornerstone OnDemand shareholders on 12 October, 2021. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for USD57.50 per share in cash. As a result of the transaction, Cornerstone is now a privately held company and shares of Cornerstone common stock are no longer listed on the public market.
The acquisition combines Cornerstone’s product and industry leadership with Clearlake’s proven software investment experience
PGIM Private Capital provided a USD65.0 million Senior Secured Credit Facility consisting of a USD50.0 million Senior Secured First Lien Term Loan and a USD15.0 million committed Delayed Draw Term Loan to ED&F Man Capital Markets US Holdings, Inc, a global financial brokerage business.
“We are pleased to provide funding to ED&F Man Capital Markets to provide strategic financing for the business as they pursue the next phase of growth. Our experience with similar financings in this sector introduced us to the opportunity to work with the Firm’s management team, forming a strong, direct partnership. Our relationship-oriented approach is reflected
Main Capital Partners (Main) has successfully completed the sale of financial software provider b+m Group to German technology investor LEA Partners, representing its first divestment in the DACH region.
Main Capital initially acquired b+m from publicly listed Allgeier SE in 2015. During their six year partnership, Main and b+m have successfully more than tripled recurring revenues, while also significantly increasing profitability. The b+m team has also expanded from approximately 90 to nearly 150 employees over the period.
Headquartered near Kiel in Germany, b+m Group develops software solutions for banks and insurance companies as a full-service provider of innovative products to
Citizens M&A Advisory has served as the exclusive financial advisor to Eclipse Advantage, a provider of outsourced supply chain workforce solutions, on its acquisition by Two Sigma Impact.
Eclipse provides a comprehensive suite of labour services for warehouses and distribution centres that increase supply chain productivity and efficiency. Eclipse was a portfolio company of Longshore Capital Partners, a Chicago-based lower middle-market private equity firm. Two Sigma Impact is the impact investing business of Two Sigma.
Pete Westermann, chief executive officer of Eclipse, says: “The Citizens M&A Advisory team was terrific to work with. Citizens assisted us in articulating our complex
Groove, the sales engagement platform for enterprises using Salesforce, has raised a USD45 million Series B round of funding, led by Viking Global Investors.
Existing investors Capital One Ventures, Level Equity, Quest Venture Partners, and Uncork Capital also participated in the round. Groove plans to use the funding to expand its international operations and accelerate its momentum in the enterprise segment of the market, having grown enterprise ARR 114 per cent in the past twelve months with new customers that include Activision, iHeartMedia, LexisNexis, New Relic, TIBCO, Veeva, and Wintrust.
The global shift to digital selling as a result of
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
