Saba Software Announces Agreement to Acquire Lumesse, Accelerating its Global Leadership in Talent Development
Saba Software Inc., a global leader in talent development solutions, and a portfolio company of Vector Capital, today announced that the Company has entered into a definitive agreement to acquire Lumesse, a leading provider of talent acquisition, talent management and learning experience technology in Europe.
Saba Software- Engage and Inspire: The New Way
Many garages, basements, and dorm rooms in San Francisco are testimonies to the success of tech giants like Google and Amazon that started scripting their way to fame from within those four walls. Saba Software's history resembles these big names not only in terms of the genesis but also the success journey. Nestled in a tiny garage in the Bay Area in 1997, Saba Software played a pioneering role in Learning Management System (LMS) solutions. Fast forward to today, the company has become a global player providing transformational talent management solutions. The company has a simple formula to deliver efficient talent management software: Start with people at the nexus of every business. With this ideology, Saba provides talent management solutions through innovative ways to help people grow and thrive in an organization. For Saba, the people aspect is crucial, whether it is building the solution or the team. Their focus on people takes talent transformation to the next level. “Our people have been at the forefront of the talent management evolution, changing the way organizations optimize business growth and success through new ways of managing and engaging their people," explains Phil Saunders, CEO, Saba Software.
Connectivity Helps Save Lives
The whole world has been watching the rescue of the boys and their coach trapped in the cave in Thailand. As is the case in any disaster recovery effort, connectivity plays a key role in coordinating response teams to best help people in need. Helping to coordinate the underground rescue effort were teams above ground with wireless connectivity supplied by KING IT and operated by 3BB, the local telco. Working together, they created a hotspot at the cave entrance with Wi-Fi connectivity provided by Cambium Networks’ cnPilot™ outdoor access points.
Private Equity Firms Bet on Stock Market's Fixer-uppers
Private equity firms, armed with a record $1 trillion in cash, are investing more in public companies than at any time since the financial crisis, buying those left behind in Wall Street’s nine-year bull market.
KELA Group Receives $50M Investment From Vector Capital
The KELA Group (KELA), a rapidly growing, Israel-based provider of advanced cyber intelligence software and solutions, today announced a $50M equity investment from San Francisco-based Vector Capital. Vector’s minority investment marks the first institutional funding received by KELA in its 9-year history.
Vector Capital Funds Expansion with Sale of Minority Stake to Dyal
On the heels of closing its fifth fund at $1.4 billion, Vector Capital sold a non-voting minority interest to Dyal Capital Partners, a division of Neuberger Berman that acquires minority equity stakes in established alternative asset managers. Other PE firms Dyal backs include: H.I.G., KPS Capital Partners, Silver Lake and Vista Equity Partners. Vector, based in San Francisco, invests in technology sectors, including: software, Internet, digital media, communications, and industrial technology. The firm has been active with portfolio company deals of late, including recently agreeing to sell 2020 Technologies, a developer of interior design software, to Golden Gate Capital. We caught up with Vector founder Alex Slusky to ask about the Dyal deal, the larger trend of middle-market PE firms selling minority stakes and the tech M&A landscape.
Vector Capital Receives Strategic Minority Investment from Dyal Capital
Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced that affiliates of Dyal Capital Partners (“Dyal”), a division of Neuberger Berman, made a strategic minority investment in Vector. Under the terms of the transaction, Dyal has acquired a passive, non-voting, minority stake in the firm. There will be no changes to Vector’s strategy, investment process or day-to-day operations.
Saba Expands Board of Directors with the Appointment of Neil Hudspith
Saba Software, a leading provider of people-centric talent management solutions, has appointed DocuSign’s President, Worldwide Field Operations, Neil Hudspith, to its Board of Directors. Mr. Hudspith’s appointment further accelerates Saba’s growth strategy as a leader in the SaaS talent management market, and bolsters strategic and operational expertise.
Saba Software Announces CEO Succession
Saba Software, a leading provider of people-centric talent management solutions, today announced Pervez Qureshi’s retirement from the role of CEO. Phil Saunders, Saba’s President, will immediately assume the role of President and CEO as part of the company’s succession plan, and will also maintain his position on Saba’s board.
Marco Lopez Joins ChyronHego as CEO
ChyronHego, a portfolio company of Vector Capital, today announced the appointment of Marco Lopez as CEO, effective Jan. 8. The company’s former president and CEO, Johan Apel, will continue serving the company as executive chairman of the board with an emphasis on ChyronHego’s market leadership in sports solutions.