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.
CollabNet and VersionOne Merge to Accelerate Innovation Across Enterprise Software Development and Delivery
CollabNet, a global leader in enterprise software development and DevOps solutions, and VersionOne, the leader in enterprise Agile software solutions and services, today announced the two companies have merged. The combined company will offer the industry’s most complete Enterprise Agile, ALM Collaboration, Version Control and DevOps solutions that power application development and delivery for many of the world’s leading businesses and government institutions.
Sizmek to Acquire Rocket Fuel, Creating Industry’s First Predictive Omni-Channel Marketing Platform Serving Agencies and Brands
Sizmek Inc., the largest people-based creative optimization and data activation platform delivering impressions that inspire, today announced it has entered into a definitive acquisition agreement with Rocket Fuel Inc., an industry leading predictive marketing platform that uses AI to anticipate optimal consumer response to messaging.
Cheetah Digital Emerges to Usher in New Era of Cross-Channel Marketing
Cheetah Digital, a global enterprise cross-channel marketing solutions provider, today launched as an independent marketing technology company. Formerly Experian Cross-Channel Marketing (CCM), the newly established Cheetah Digital is committed to driving exceptional results for enterprise marketers at scale through an unrelenting focus on product innovation and expert services.
Saba Completes Acquisition of Halogen Software
Saba Software Inc., today announced that it has completed its acquisition of Halogen Software, Inc. Saba, Vector Capital and its affiliates, and Michael Slaunwhite, Halogen’s co-founder, executive chairman and largest shareholder, have acquired Halogen for CAD$12.50 in cash per share.