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.
Vector Capital Announces Successful Restructuring of Funds II and III and Affiliated Vehicles for Approximately $450 Million
Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced it has successfully completed a restructuring of Vector Capital II, L.P., a 1999 vintage fund, Vector Capital III, L.P., a 2005 vintage fund, and affiliated vehicles held by existing LPs (collectively, the “Funds”), for approximately $450 million. Goldman Sachs Asset Management’s Vintage Funds and GIC led the transaction, and collectively, are now the largest LPs in the Funds.
Corel Acquires ClearSlide: Sales Engagement Platform Leader Poised for Growth
Corel Corporation today announced that it has acquired ClearSlide Inc., the sales engagement platform leader that enables sales, marketing, and service teams to drive more successful customer interactions. With this acquisition, Corel will make significant investment into the development of ClearSlide's cloud-based platform, fueling its technology leadership and enabling ClearSlide to grow its business in new markets.
ChyronHego Names Boromy Ung as Chief Product Officer
ChyronHego today announced the appointment of Boromy Ung as chief product officer, reporting to President and CEO Johan Apel. As leader of ChyronHego’s global product management division, Ung has taken charge of the vision and roadmap for the company’s award-winning family of solutions for live television, news, and sports production.
CloudSense Raises $77 Million from Vector Capital
CloudSense, a leading Salesforce-native, industry-specific cloud company, today announced a $77 million growth investment from Vector Capital. The funding will be used to accelerate CloudSense’s rapid global expansion, especially in the North American markets, and to accelerate product innovation and development of enterprise focused vertical solutions.
Sizmek Completes Acquisition of Rocket Fuel; Creates World’s Largest Independent Buy-Side Platform Built for Agencies and Brands
Sizmek Inc., the largest people-based creative optimization and data activation platform delivering impressions that inspire, today announced the completion of the acquisition of Rocket Fuel Inc., an industry leading predictive marketing platform. The acquisition creates the largest independent buy-side platform, offering agencies and brands a richer set of products at a global scale.
IPVALUE Appoints John Lindgren as President and Chief Executive Officer
IPVALUE Management, a global leader in corporate licensing and patent monetization today announced the appointment of John Lindgren, a distinguished executive with experience at growing intellectual property monetization businesses, as the company’s new President and Chief Executive Officer. Mr. Lindgren will also join the company’s board of directors.