Vector Capital Completes Sale of Saba Software to Cornerstone OnDemand
SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful sale of Saba Software, a leading provider of cloud-based talent management software, to Cornerstone OnDemand, Inc., (Nasdaq: CSOD) for approximately $1.295 billion.
WatchGuard Technologies to Acquire Panda Security, Extending Simplified Security from Network to Endpoint
SEATTLE and MADRID – March 9, 2020 – WatchGuard Technologies, a leading global provider of network security and intelligence, secure Wi-Fi and multi-factor authentication, today announced that it has entered into a definitive agreement to acquire Panda Security, a leading global provider in advanced endpoint protection. Once the integration is complete, our joint customer and partner community will benefit from a powerful security platform that bridges the network and user perimeter, touting the same combination of innovative security features, and simplified packaging, deployment and management capabilities that both companies are known for today.
Why Cornerstone will pay $1.4 billion for once-troubled rival talent management firm Saba
Cornerstone OnDemand Inc. announced this week that it will acquire Saba Software for about $1.4 billion in cash and stock — about a billion dollars more than the once-public Saba was sold for five years ago.
KELA Wins InfoSec Award at RSA Conference 2020
KELA, a darknet threat intelligence provider, today announced it has been awarded the InfoSec Award for the Cutting Edge Threat Intelligence category from Cyber Defense Magazine (CDM). The award recognizes information security innovators for startups, early stage, late stage and public companies.
Cornerstone to Acquire Saba
Cornerstone OnDemand, Inc. (NASDAQ:CSOD), a global leader in people development solutions, today announced it has entered into a definitive agreement to acquire Saba, a global leader in talent experience solutions and a portfolio company of Vector Capital.Saba has over 20 years of industry experience developing, delivering and supporting learning, performance and recruiting product solutions. The cash and stock transaction is valued at approximately $1.395 billion and has been unanimously approved by the boards of directors of both companies.
Emarsys Named a Leader in Cross Channel Campaign Management by Independent Research Firm
Emarsys, a powerful marketing platform that accelerates customer engagement strategies to deliver rapid business outcomes, announces that it has been named a Leader in the recently published report: The Forrester Wave:™ Cross Channel Campaign Management (Independent Platforms), Q4 2019. In the report, Forrester gives Emarsys top ranking in the strategy, market presence and current offering categories, with the highest rating possible in 22 criteria.
Impartner Receives $20 Million in Growth Capital From Vector Capital
Impartner, the fastest-growing and most-award winning pure-play channel management platform, announced today that it has received $20 million in growth capital financing from Vector Capital, a leading global private equity firm specializing in transformational investments in technology businesses. The financing will allow Impartner to further accelerate their already strong growth by increasing sales and marketing expenditure and acquiring complementary technologies, continuing to capture momentum in the fast-growing channel management technology market, which analysts estimate could be as large as $5 billion.
MoxiWorks Acquires Imprev, the Best-in-Class Marketing Automation Service
MoxiWorks, the leading real estate technology platform, today announced it has acquired Imprev, the best-in-class provider of real estate marketing automation services. Financial terms of the transaction were not disclosed. This follows the recent addition of Vector Capital as a significant financial investor.
MoxiWorks Secures Vector Capital Funding to Accelerate Growth
MoxiWorks, the leading real estate technology platform, today announced that Vector Capital, a private equity firm with more than $4 billion under management that specializes in transformational investments in technology businesses, has made a meaningful growth equity investment in the company. Vector Capital, along with existing shareholder-customers Windermere Real Estate, Howard Hanna Real Estate Services, and Long & Foster Real Estate, plan to leverage the MoxiWorks platform to accelerate growth and pursue acquisitions.
TPG Acquires CollabNet VersionOne
TPG Capital, the private equity platform of global alternative asset firm TPG, announced today it has signed a definitive agreement to acquire CollabNet VersionOne, a leading platform provider for Agile planning, DevOps, and Value Stream Management (VSM), from Vector Capital.