Vector and Cerium Sell Allegro Development Corporation to ION Group
Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, and Cerium Technology, a leading venture capital firm, today announced the sale of Allegro Development Corporation (“Allegro”), a leading global provider of enterprise commodity management solutions, to ION, a provider of mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments, and corporates.
Vector Capital Completes Acquisition of Aspect Software
Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful completion of its acquisition of Aspect Software, Inc. (“Aspect”), a leading provider of fully integrated customer engagement, workforce optimization, and self-service omni-channel solutions.
Aspect Software to be Acquired by Vector Capital
Aspect Software, Inc. (“Aspect”), a leading provider of fully integrated customer engagement, workforce optimization, and self-service omni-channel solutions, today announced it has entered into a definitive merger agreement to be acquired by Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses. Under the terms of the agreement, Vector Capital will invest more than $100 million of equity capital in Aspect’s business, and Aspect’s existing lenders will continue to support the company by providing Aspect with a new credit facility at closing.
Vector Capital Completes Acquisition of Host Analytics
Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful completion of its acquisition of Host Analytics Inc., a leading provider of cloud-based enterprise performance management (EPM) solutions. In connection with the transaction closing, Ron Baden, Chief Revenue Officer, has been named interim Chief Executive Officer, and Dan Fletcher, Vice President at Vector Capital, has been named interim Chief Financial Officer. Host Analytics CEO Dave Kellogg and CFO Ian Charles are stepping down from their positions and will assist the company through the transition period.
Enterprise Performance Management Leader Host Analytics To Be Acquired By Vector Capital
Host Analytics Inc., a leading provider of cloud-based enterprise performance management (EPM) solutions, has signed a definitive agreement to be acquired by Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses.
Vector Capital Provides $100 Million Second Lien Term Loan to Support Permira’s Acquisition of Synamedia
Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced that it has provided a $100 million second lien term loan to support the Permira Funds’ acquisition of Synamedia from Cisco.
Scripps to Acquire Triton
The E.W. Scripps Company (NASDAQ: SSP) is acquiring Triton, the global leader in digital audio technology and measurement services, helping Scripps advance its strategies for near- and long-term value creation.
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.
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.