April, 2020 - AGC Partners
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April, 2020
A Flexible, High Volume Global Tech Investor
With 573 investments since 2012, Insight Partners is an extremely active acquirer and investor in technology. In 2019 alone,
Insight completed 11 platform or PE growth transactions, 66 add-on acquisitions, and 58 minority investments, all in 2
technology.
In April 2020, Insight closed its largest fund ever. At $9.5B, Insight Partners Fund XI represents the third largest tech only
fund raise in the last two years.
Insight has seen 12 of its portfolio companies complete successful IPOs in the last five years. 2019 was a busy exit year for
Insight. A total of 16 of its investments were sold or completed IPOs.
› Insight was an early (Series B) investor in Delivery Hero. Now public, its shares have appreciated over 12-fold from its
late round funding round which Insight led in 2014.
Insight has approximately 160 active portfolio companies which it advises through its “Insight Onsite” consulting arm. Insight
also operates an active outbound sourcing effort. Their team of ~40 professionals is in dialogue with 15,000+ companies per
year to source both direct and add-on investments. Both of these efforts are unique of their type in the industry and are
believed to provide a competitive advantage and differentiated approach to Insight’s tech investing activity.
Insight only invests in technology, focusing on the SaaS, Internet, and Digital Media sub-sectors, among others.
Geographically, 74% of investments have been located in the United States and the balance in Europe and Canada.
Insight has as its investment criteria:
› Target check sizes $10M - $500M with the ability to invest more than $1B with Limited Partners and co-investors
› Profitable or unprofitable companies in all stages of company life-cycle
› Majority or minority interest in recurring revenue software plays with minimum ARR of $3M
› Seeks to gain a seat on the board of portfolio companies
Notable Recent Deals
› Veeam. In January 2019, Insight acquired Veeam Software for $5B, one of its largest ever as sole acquirer. This
follows the $500M investment Insight made in Veeam in 2019 and demonstrates Insight’s flexible approach in
conducting both minority and control transactions. Veeam is a provider of cloud data management SaaS to
businesses globally.
› Recorded Future. In May 2019, Insight paid $780M for Recorded Future, a provider of machine learning-enabled
threat intelligence SaaS for enterprises.
› Keyfactor. In January 2019, Insight invested $77M in Keyfactor, a leading provider of secure digital identity
management solutions. AGC served as the exclusive advisor to Keyfactor.
Of the 570+ investments completed since 2012, 42% were control transactions for majority stakes, with the vast majority
(82%) representing add-on acquisitions to platform companies.
Source: 451 Research, Pitchbook, Capital IQ
Exits with Disclosed Values (2015 – YTD)
Date Portfolio Company Acquirer / Venue Entry Price Exit Price Years Held Appreciation CAGR 3
Jun-17 XETRA: DHER $1,000 $12,700 2.8 1170% 146%
Apr-17 434 850 1.1 96% 87%
Apr-18 NYSE: SMAR 86 1,480 5.4 1631% 70%
(1)
Jul-18 NASDAQ: TENB 550 2,090 2.7 280% 64%
Feb-16 278 500 1.5 80% 47%
Mar-18 51 339 5.2 563% 44%
Jun-18 300 1,100 3.6 267% 44%
Mar-17 NYSE: AYX 337 789 2.5 134% 41%
Jun-19 100 728 5.9 628% 40%
Apr-17 NYSE: YEXT $525 $940 2.9 79% 23%
(1) Partial exit. Insight still owns 31%.
Source: 451 Research, Pitchbook
Exits with Disclosed Values (2015 – YTD)
Date Portfolio Company Acquirer / Venue Entry Price Exit Price Years Held Appreciation CAGR 4
Jul-18 195 700 6.3 259% 22%
Mar-19 Turnitin 752 1,750 5.0 133% 18%
May-15 NYSE: SHOP 1,000 1,270 1.4 27% 18%
Nov-15 NASDAQ: MIME 330 540 3.2 63% 17%
Apr-18 NASDAQ: DOCU 3,070 4,410 2.5 44% 16%
Sep-19 Temonos 179 580 8.6 223% 15%
Feb-19 1,000 1,400 2.7 40% 13%
Feb-17 Instructure NASDAQ: INST 554 650 2.3 17% 7%
Oct-18 7,027 8,300 5.1 18% 3%
Average of Disclosed Exits: 354% 41%
Source: 451 Research, PitchbookTech Investing Timeline
Deal 5
Amount*
$2,000M+
$1,000M
$400M
$300M
$200M
$50M
Non-
Disclosed
Year 2012 2013 2014 2015 2016 2017 2018 2019 2020
Platform Deals 4 9 7 8 1 7 10 11 3
Add-Ons 14 13 12 14 26 35 48 66 5
Minority Deals 22 20 35 34 25 33 55 58 25
Total # of Deals 40 42 54 56 52 75 113 135 33
* Platform acquisitions only. Source: Pitchbook, 451 ResearchInsight Partners – Fund Family Overview
Flagship Total
I
1996
$24M 6
Liquidated
II
$80.5M
Liquidated
III
$307M
Liquidated
IV
$740M
Flagship Core Co-Investment Liquidated
V Co-Investment Fund I V
$551M $175M $726M
Liquidated Liquidated Liquidated
VI
$1.3B
Liquidated
VII Co-Investment Fund II VII
$1.6B $490M $2.1B
Fully Invested Fully Invested Fully Invested
VIII Co-Investment Fund III VIII
$2.5B $510M $3.0B
Fully Invested Fully Invested Fully Invested
IX Co-Investment IX
$3.5B Growth–Buyout $5.0B
Fully Invested $1.5B Fully Invested
Fully Invested
2020 X
$6.3B
Fully Invested
XI XI
$9.5B $9.5B
Actively Investing Actively InvestingInsight Partners – Recent Funds
Total funds: 15 ($29.3B) Total Funds Raised: 7
Actively Investing Funds: 1 ($9.5B)
Fully Invested Funds: 7 ($16.4B)
Liquidated Funds: 7
Funds Currently Raising Capital: 0
Average fund IRR: 24.72%
$29.3B
Average fund size: $2.62B
Last three funds:
Insight Venture Partners IX Insight Venture Partners X Insight Venture Partners XI
Fund Size: $4.9B Fund size: $6.3B Fund size: $9.5B
Check size: $10-$200M Check size: $10-$400M Check size: $10-$500M+
Target Stages: Venture Capital, Target Stages: Venture Capital, Target Stages: Venture Capital,
Growth Equity, and LBOs Growth Equity, and LBOs Growth Equity, and LBOs
Closed in August, 2015 Closed in July, 2018 Closed in March, 2020
Geographic Focus: Global Geographic Focus: Global Geographic Focus: Global
Source: Dow Jones News Service, Crunchbase, Pitchbook, Company websiteInsight Funds – Launch History
8
Insight Fund Formation History Since Inception
12000
10000
Fund XI
$9.5B
Size of Fund Group USD millions
8000
Fund X
6000
$6.3B
Fund IX
$4.9B
4000
Fund VIII
$3B
Fund VII
2000
Fund VI
$2B
Fund IV $740M Fund V $900M $1.28B
Fund III $307M
Fund II $81M
Fund I $16M
0
1990 1995 2000 2005 2010 2015 2020 2025
Year of Launch
Co-investment fund added to total where applicable
Source: PitchbookTop Asset Gatherers Since 2010 - Tech Specialists Only
9
$45B
$40B
$35B
$30B
$25B
$20B
$15B
$10B
$5B
$0B
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Vista Equity Thoma Bravo Silver Lake Insight Partners Providence Francisco TA Associates
* Cumulative since 2010. Source: Pitchbook, Capital IQInsight Places its Bets
10
Infrastructure Data Sales Education
67 57 47 44
Transactions Transactions Transactions Transactions
Social Media Cybersecurity Marketing DevOps
41 Transactions 39 Transactions 37 Transactions 36 Transactions
FinTech eCommerce HR Tech Healthcare Legal
36 Transactions 34 Transactions 30 Transactions 24 Transactions 20 Transactions
Source: 451 Research, PitchbookInsight Partners’ Global Investment Team
11
Deven Parekh Jeff Horing Jeff Lieberman
Managing Director Managing Director Managing Director
Deven is a Managing Director for Insight and Jeff has been a co-founder and managing director Jeff is a managing director at Insight and has been
manages investments in application software, data at Insight since 1995 and is focused on data, with the firm since 1998. He is focused on
and consumer internet businesses globally. Deven analytics, mobile, and infrastructure and SaaS consumer internet and application software
was previously a Principal at Berenson Minella & software in Europe and North America. He has companies. He has led successful exits of multiple
Company, a NY based merchant banking firm, and invested in more than 30 companies including the eCoMerce and software companies. Before Insight,
was with The Blackstone Group before that, IPO of Greenfield Online, IPO of Shutterstock, and Jeff was a management consultant for McKinsey &
involved in M&A Advisory. Deven has a BS in the acquisition of Teamviewer by Permira. Jeff Co. He received dual degrees in systems
Economics from the Wharton School at the graduated from M.I.T. and the University of engineering and finance from the University of
University of Pennsylvania. Pennsylvania. Pennsylvania’s Moore School of Engineering and
Wharton School of Business.
Michael Triplett Ryan Hinkle Hilary Gosher
Managing Director Managing Director Managing Director
Ryan has been with Insight since 2003 and has Hilary is a Managing Director at Insight Partners,
Michael is a Managing Director for Insight and and a growth zealot. She leads Insight Onsite, the
worked across industries such as internet, e-
focuses on investments in Infrastructure and firm’s operators and growth experts who
commerce, infrastructure and application software
Application Software companies. He has been accelerate scale at portfolio companies. She has
companies. Before Insight, Ryan worked with
instrumental in investments in more than twenty been an adjunct Associate Professor at Columbia
Morgan Stanley observing trade behavior and
companies including the IPOs of Click CoMerce, University’s SIPA for Tech Entrepreneurship. She is
building software tools to increase their efficiency.
Solarwinds Inc. and Quest Software. Prior to also a co-founder and Board Member of Parity
Ryan is a graduate of the University of
Insight, Michael was an investment professional at Partners, a firm dedicated to developing women
Pennsylvania and has degrees in Finance from
Summit Partners. He is a graduate of Dartmouth business leaders. Hilary holds an MBA from
Wharton and Electrical Engineering from the
College with a BA in Economics. INSEAD, France; a BA in Economic History, and a
School of Engineering and Applied Sciences.
LLB, cum laude, from the University of Natal, South
Africa.
Source: Company web site, LinkedInInsight Partners’ Global Investment Team
Richard Wells Nikitas Koutoupes Adam Berger 12
Managing Director Managing Director Managing Director
Nikitas is a Managing Director at Insight Partners Adam joined Insight as a Managing Director in
Richard focuses on investments in infrastructure
who joined the firm in 2001. He focuses on January 2018. Immediately prior to joining Insight,
software and SaaS companies. He oversees the
investments in education technology, sales, and Adam served as Chairman and CEO of Digital Room
investments or serves on the boards of Checkmarx,
marketing automation, and is one of the firm’s Incorporated (“DRI”), an Insight portfolio company
Cherwell Software, Kinnser Software and others.
experts in recurring revenue business models. He sold in 2017. During his tenure at DRI and
Prior to Insight, Richard was an investment
was named to the AlwaysOn Venture Capital 100. continuing upon joining Insight, Adam served as
professional at Technology Crossover Ventures
Previously, Nikitas co-managed Insight Onsite, the Chairman, board member or interim CEO for
with a focus on software, online media, and e-
firm’s team of dedicated operations and strategy several Insight portfolio companies including
commerce. He has a BS from the Wharton School
experts. He received an MBA from Harvard Campaign Monitor, Diligent, E2Open, and Virgin
of the University of Pennsylvania and an MBA from
Business School, where he was a Baker Scholar, and Pulse (2018 exit) where he helped guide
Harvard Business School.
earned a BA from Princeton, grad-uating summa transformational efforts. Today Adam also serves
cum laude. as Chairman of Achieve3000, Illuminate, PDI
Software and Vela, and as Executive Chairman of
Episerver. He graduated from UC Berkeley with a
BS in Chemical Engineering and earned an MBA
with distinction from Harvard’s Business School.
Anika Agarwal Ross Devor Rachel Geller
Managing Director Managing Director Managing Director
Anika joined Insight in 2014. She focuses on Ross joined Insight in 2013 and invests across Rachel joined Insight in 2008. As a Managing
leveraged buyouts and majority recapitalizations of enterprise software, with experience in application Director on the Insight Onsite team, she is
application and infrastructure software companies. and infrastructure software companies. Ross responsible for managing due diligence on Insight
Anika currently sits on the board or oversees invests in both majority and minority transactions, investments and strategic engagements with
Insight’s investments in Appriss, Bullhorn, and has sponsored investments across the United portfolio company executives. Within Insight’s
Community Brands, Drillinginfo, Episerver, States, Europe and Israel. Ross has been named to portfolio, her focus areas include growth strategy,
EveryAction, PDI, and Property Brands. Prior to GrowthCap's list of Top 40 Under 40 Growth pricing and operational support including data
joining Insight, Anika was a member of the Investors. Prior to joining Insight, Ross was a analytics and M&A. Rachel has helped evaluate
investment team at Vista Equity Partners and the member of the investment team at Thoma Bravo, hundreds of potential Insight investments, and has
Mayfield Fund. Earlier in her career, she worked in completing multiple platform and follow-on provided investment and growth support for more
the Principal Investment Area at Goldman Sachs software investments. Previously, Ross worked in than forty portfolio companies, including Conga,
and the Technology Investment Banking group at the Corporate Finance/Mergers & Acquisitions HealthcareSource (acquired by Francisco Partners),
Lehman Brothers. Anika holds an MBA from the group at Morgan Stanley. Ross graduated from Kinnser (acquired by Mediware), eVestment
Stanford Graduate School of Business and a BS in Northwestern University with a degree in (acquired by NASDAQ) and HauteLook (acquired by
Computer Science from Stanford University. She Economics. Nordstrom). She has evaluated more than twenty
speaks French and Hindi. M&A transactions for Insight's portfolio companies,
helping them grow through acquisition.
Source: Company web site, LinkedInInsight Partners’ Global Investment Team
Lonne Jaffe Peter Sobiloff Ian Sandle 13
Managing Director Managing Director Managing Director, COO
Lonne is a Managing Director at Insight, and joined Peter joined Insight Partners as Managing Director Ian joined Insight in 2016 where he is a Managing
the firm in 2017. He was previously the CEO of in 1998, bringing to the firm 20 years of Director and Insight's Chief Operating Officer. Ian
Insight portfolio company Syncsort, which he operational experience in executive leadership will have direct responsibility across Legal,
joined in 2013 after serving as the senior vice positions, sales management and worldwide Finance, Compliance, Investor Relations, IT, HR,
president for corporate strategy at CA operations. Peter was President of Think Systems, and Onsite. Ian was previously the Chief Operating
Technologies. Prior to CA, Lonne spent over a an Insight portfolio company focused on supply Officer of Global Equities at Citadel. Prior to
decade at IBM, where he led a number of sizable chain management, which was acquired by i2 Citadel, Ian was a Partner at the Carlyle Group
software acquisitions and held various technology Technologies; thereafter Peter served as Vice where he served as the Chief Operating Officer
strategy and operating executive roles. Lonne President of Business Development at i2 and Chief Legal Officer of Global Market
received undergraduate (Walt Disney Company Technologies. Prior to Insight, Peter was President Strategies at the Carlyle Group. Before joining the
Foundation Scholarship, Detur Book Prize, Phi of Datalogix, where he led the sale of Datalogix to Carlyle Group, Ian had a seven-year career at
Beta Kappa) and master’s degrees from Harvard Oracle corporation. He also held senior executive Morgan Stanley where he served as the Global
University. roles at Ross Systems. Peter currently serves on Chief Operating Officer for the technology and
the board of directors at Achieve3000, modeling division as well as other roles within the
DrillingInfo, Duco, Fenergo, Filmtrack, Kony loan and high yield business earlier in his career.
Solutions, NYMBUS, Planview, Mediaspectrum,
and Workforce Software.
Cian Cotter Blair Flicker Mark Lessing
Managing Director Managing Director, General Counsel Managing Director, CFO
Cian joined Insight in 2003 and leads the firm’s Blair joined Insight in 2001 and is a Managing Mark joined Insight in 2000 and serves on several of
capital markets and capital formation activities. Director and Insight’s General Counsel. He the firm’s executive committees and handles
Cian manages Insight's inbound deal flow from the manages all legal activities of Insight, including investor reporting, including quarterly financial
banking sector and maintains relationships with the those relating to structuring and execution of reporting, investor presentations, and
global investment banking and capital markets investments and divestitures in the US and communications to limited partners. He was integral
communities. Cian also focuses on creating strategic overseas, fund formation, portfolio company to the firm’s efforts in raising its last several
outcomes for Insight's portfolio companies management, intellectual property, real estate, and investment funds (nearly $5 billion was raised in
including IPO planning and execution, employment matters. Prior to joining Insight, Blair 2015, $3 billion in 2013/2014 and $2 billion in
recapitalizations and M&A advisory. He leads worked at Johnson & Johnson in New Brunswick, 2010) and leads the firm’s process to review and
Insight's relationships with strategic acquirers in the NJ for nine years, and before that was an associate analyze portfolio company performance.
software and Internet sectors and helps strengthen at the law firm of Skadden, Arps, Slate, Meagher & Additionally, Mark has been involved in the financial
corporate and business development activities on Flom. Blair received a BA in Economics from Tufts due diligence efforts on many of Insight’s
behalf of Insight's portfolio companies. As part of University, a JD from Columbia Law School, and an investments since joining the firm in 2000.
Cian’s leadership of Insight's capital formation MBA from Columbia Business School. Subsequent to Insight’s investment in a company,
activities, he is responsible for Insight's Mark interacts with and supports the CFOs of
relationships with potential and existing investors. Insight’s portfolio companies to help them negotiate
with lenders, prepare board packages and financial
reports, coordinate annual audits and evaluate the
impact of new accounting rules.
Source: Company web site, LinkedInInsight Partners’ Global Investment Team
Stu Phillips Peter Segall Thilo Semmelbauer 14
Managing Director Managing Director Managing Director
Stu is a Managing Director at Insight Partners, Peter is a CEO with a successful track record of Thilo is an operating executive with a successful
having joined in 2016. At Insight he serves on the growing innovative software and service track record of leading technology businesses. Prior
board of directors, or works with DataSift and businesses in the education, human capital to his role as Managing Director at Insight Partners,
Ensighten. Prior to Insight, Stu was a general management, and healthcare industries. Prior to his Thilo served as interim-CEO of Weight Watchers
partner at Bay Partners where he was a board role as Managing Director at Insight Partners, from 2016 to 2017, where he continues serving on
member or observer with Bay's investments in Deis Peter led one of Insight’s portfolio company the Board. Previously, Thilo led one of Insight’s
(formerly Engine Yard), Envia Systems, MiMoni, investments, serving as CEO and President of portfolio company investments, Shutterstock, from
Mulesoft, Vaxart, and AMEC. Earlier in his career, HealthcareSource. Prior to HealthcareSource, 2010 to 2015, as President and COO. At the start
Stu was a founding partner at Ridgelift Ventures Peter served as President North America Higher of his career, Thilo worked for an internal startup at
and also served as a general partner at US Venture Education and member of the Senior Executive Motorola, later joining The Boston Consulting
Partners. Before becoming a technology investor, Team at Blackboard Inc., was EVP Sales and a Group, then co-founded and became President &
Stu was VP of Central Engineering at Cisco. He member of the Board of Directors at WebCT, and a COO of WeightWatchers.com in 2000. Thilo holds
previously held leadership positions at Tandem Partner in the Coopers & Lybrand Higher a dual masters degree from MIT, in Management
Computers, Logica, and ICL. Stu earned a BS Education Consulting Group. He currently serves and Electrical Engineering, from the Leaders for
Electronic from Cardiff University in Wales, on the Board of American Student Assistance and Global Operations program, as well as a BA in
graduating summa cum laude. Board of Governors for Beth Israel Deaconess Engineering and Computer Science from
Medical Center. Dartmouth College, summa cum laude.
Teddie Wardi Matt Gatto Nikhil Sachdev Kevin Hurth
Managing Director Managing Director Managing Director Principal, Capital Markets
Teddie joined Insight in 2017 and focuses Matt joined Insight in 2010. He focuses Nikhil joined Insight in 2020 and focuses Kevin joined Insight in 2016 in a
on high-growth software and internet on high-growth software and SaaS on high-growth software companies. dedicated Capital Markets role. In this
companies. Prior to joining Insight, Teddie businesses across infrastructure, Prior to joining Insight, Nikhil was a role, Kevin is responsible for managing
was a Partner at Atomico, one of the healthcare and enterprise applications, Partner at Altimeter Capital, a long/short relationships with financing partners and
largest European venture funds based in and also has experience with leveraged equity hedge fund that invests in public investment banks and coordinating debt
London. Previously Teddie worked at buyouts. Matt's career experience prior and private companies in the software and equity capital markets activities
Dawn Capital, a SaaS focused early stage to Insight includes online advertising and Internet sectors. Previously, Nikhil across the firm. Prior to joining Insight,
fund based in London, where he sourced optimization at Verizon Information worked in private equity at Bain Capital Kevin spent 8 years in Chicago with BMO
and led investments in Automile and Services, debt restructuring and issuance Partners and Providence Equity. Before Capital Markets and BMO Harris Bank in
Showpad among others. Before moving to at Deutsche Bank Asia, and electronic moving into investing, Nikhil was an various leveraged finance roles. Most
venture investing, Teddie was the co- communications risk management at investment banker at Goldman Sachs recently, he was a Vice President in BMO
founder and CTO of Nervogrid, a leading Merrill Lynch. Matt graduated with high focused on technology clients. Nikhil Harris Bank’s Sponsor Finance group,
cloud service marketplace platform honors from the University of holds an MBA from Harvard Business where he originated, structured,
acquired by ALSO. Teddie holds an MBA Pennsylvania with a BS in Engineering School and a BA Honors from Stanford underwrote, syndicated, and managed
from Harvard Business School and a B.Sc. from the School of Engineering and University. senior debt investments. Kevin holds an
from Aalto University in Helsinki, where Applied Science and a B.S. in Economics MBA from the University of Chicago
he focused on Finance and Computer from the Wharton School. Booth School of Business and a BBA in
Science. Finance, Investment, and Banking from
the University of Wisconsin-Madison.
Source: Company web site, LinkedInNotable Exits and Case Studies
Over the last 5 years Insight has completed a total of 94 exits, of which 72 were completed through 15
strategic M&A sales and 12 were exited through initial public offerings.
Notable IPOs of portfolio companies include Smartsheet, Alteryx, Yext, Shopify, Tenable and Docusign.
Insight was an early investor in Delivery Hero and led the $350M Series G round in 2014 at a $1B post-
money valuation. The company subsequently went public and has appreciated 12-fold since that private
round to over $12.7B. Insight still retains a 7.5% ownership interest.
In 2018, Insight completed the sale of Tritech to Bain Capital for $1.1B, generating over $800M in realized
profit in under 4 years.
In 2019, Insight completed the sale of Anaqua to Astorg, a $600M gain from its original acquisition price in
2013.
Acquisition Sale
EV: $300M EV: $1.1B
3.6 years
November 2014 June 2018
Acquisition Sale
EV: $100M EV: $728M
5.9 years
July 2013 June 2019
Source: 451 Research, PitchbookPlatform Investments
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
Provider of intelligent data management software intended to automatically anticipate
16
Mar-20 Veeam Insight Partners Infrastructure 5,000 1,000 5.0x the need and meet demand and move securely across multi-cloud infrastructures.
Developer of an agentless IoT security platform for enterprises intended to identify
Feb-20 Armis (USA) Insight Partners Cybersecurity 1,100 60 18.3x unmanaged devices and networks.
Feb-20 Lakeside Software Insight Partners Infrastructure ND ND ND Provider of a big data IT analytics software.
Dec-19 Duck Creek Technologies Insight Partners Real Estate 120 ND ND Developer of insurance SaaS software.
Nov-19 Hundred Insight Partners Healthcare 8 ND ND Provider of monthly vitamin intended to help reach health goals.
Oct-19 Commercetools Insight Partners eCommerce 165 15 16.1x Developer of cloud-based e-commerce services platform.
Sep-19 Vacation Brands Insight Partners Real Estate ND ND ND Provides vacation rental and property management software.
Developer of a cloud-based workforce management technology that provides
Jun-19 WorkForce Software Insight Partners HR ND ND ND enterprise and mid-sized organizations with real-time insights backed by pre-
packaged domain expertise and proven flexibility.
Developer of an automation software designed to reduce vrealize automation
Jun-19 SovLabs Insight Partners Infrastructure ND ND ND implementations & extensibility scenarios from months to days.
Developer of a threat intelligence analytics platform intended to lower the risk of cyber
May-19 Recorded Future Insight Partners Cybersecurity 780 65 12.0x attacks.
May-19 Kaseya Insight Partners Infrastructure 500 250 ND Provider of IT management and monitoring software services.
Professional Datasolutions
Mar-19 Insight Partners Sales ND ND ND Developer of enterprise-class retail automation software systems.
(PDI)
Provider of an information security platform intended to offer identity and access
Jan-19 Keyfactor Insight Partners Cybersecurity 77 ND ND management services.
Provider of intelligent data management software intended to automatically anticipate
Jan-19 Veeam Insight Partners Infrastructure 500 1,000 ND the need and meet demand and move securely across multi-cloud infrastructures.
Developer of an academic decision support platform intended to solve higher
Jan-19 Interfolio Insight Partners Education 110 ND ND education problems easily.
Dec-18 Skience Insight Partners Fintech ND ND ND Developer of a cloud-based platform intended for the wealth management industry.
Sep-18 Episerver Insight Partners Social Media 1,250 130 8.9x Developer of web content management and online community software platforms.
Aug-18 EveryAction Insight Partners Marketing ND ND ND Provides fundraising management CRM SaaS to nonprofit organizations.
Aug-18 NGP VAN Insight Partners Marketing ND 50 ND Provider of campaign technology services.
Jun-18 SimpleNexus Insight Partners Real Estate 20 ND ND Developer of productivity software for mortgage loan originators.
* Co-investors, if any, not shown. Source: 451 Research, PitchbookPlatform Investments (Cont’d)
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
Developer of a SaaS-based software designed for providing enterprise lease
17
Jun-18 LeaseAccelerator Insight Partners Fintech 30 ND ND accounting services.
Developer of office 365 management, reporting, monitoring and security auditing
May-18 CoreView Insight Partners Cybersecurity 20 ND ND software.
Feb-18 CentralReach Insight Partners Healthcare ND ND ND Provider of electronic health record and practice management software.
InhabitIQ (fka Property
Jan-18 Insight Partners Legal 26 ND ND Developer of software for property management.
Brands)
Lender Performance Provider of a pricing and profitability-management software platform intended to
Dec-17 Insight Partners Fintech ND ND ND develop a completely new way to look at the commercial lending paradigm.
Group
Provider of cloud-based customer relationship management (CRM) and operations
Nov-17 Bullhorn Insight Partners Marketing 500 150 ND software.
Nov-17 GraphPad Software Insight Partners Education ND ND ND Developer of software exclusively for the international scientific community.
Oct-17 Emma Insight Partners Marketing ND ND ND Provider of a digital marketing platform intended to provide email marketing.
May-17 Resolve Systems Insight Partners Cybersecurity ND ND ND Provider of information technology process automation software.
Provider of a channel data management cloud platform designed to acquire and use
Apr-17 Zyme Insight Partners Data 120 ND ND data originating from other channels.
Apr-16 Diligent Insight Partners Government 624 94 6.6x Provider of secure corporate governance and collaboration services.
Jul-15 Fourth Insight Partners Data ND 43 ND Developer of cloud-based cost control software.
Provider of data and analytics services intended to solve complex business and
Jul-15 Appriss Insight Partners Government ND ND ND societal problems.
Developer of static application security testing modules platform intended for Source
Jun-15 Checkmarx Insight Partners DevOps 84 ND ND Code Analysis (SCA).
Jun-15 AppExtremes [dba Conga] Insight Partners Data 70 ND ND Provides Salesforce.com document output management SaaS for businesses.
Developer of supply chain management software designed to create a connected and
Mar-15 E2open Insight Partners Logistics 273 79 3.2x intelligent supply chain.
Provider of a cloud-based education software designed to deliver daily differentiated
Mar-15 Achieve3000 Insight Partners Education ND 67 ND instructions for nonfiction reading and writing for students.
Jan-15 CDB Software Insight Partners Data ND ND ND Operator of a mainframe data-management company.
Operator of an independent media/technology company intended to create, produce
Jan-15 Whalerock Industries Insight Partners Social Media ND ND ND and distribute premium content and brands across the media landscape.
Nov-14 TriTech Software Systems Insight Partners Government 300 ND ND Operator of a cloud-based software intended to offer public safety services.
* Co-investors, if any, not shown. Source: 451 Research, PitchbookPlatform Investments (Cont’d)
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
18
Jun-14 FireMon Insight Partners Cybersecurity ND 28 ND Provider of security intelligence services to large organizations.
May-14 Frontline Education Insight Partners Education ND ND ND Developer of cloud-based educational software.
Developer of a cloud-based workforce management technology that provides
Apr-14 WorkForce Software Insight Partners HR ND 50 ND enterprise and mid-sized organizations with real-time insights backed by pre-
packaged domain expertise and proven flexibility.
Mar-14 CarTrawler BC Partners eCommerce 566 564 1.0x Developer of a B2B travel technology platform in Ireland.
Jun-14 Turnitin Insight Partners Education 752 78 9.6x Provides anti-plagiarism SaaS for teachers, educational institutions and students.
Developer of SaaS portfolio and resource management software designed to optimize
Jan-14 PlanView Insight Partners Sales ND 70 ND finite people and financial resources.
Developer of SaaS portfolio and resource management software designed to optimize
Dec-13 PlanView Insight Partners Sales 150 80 1.9x finite people and financial resources.
Nov-13 Techbargains.com Insight Partners eCommerce ND ND ND Provider of website for electronic products.
Oct-13 Unitrends Insight Partners Infrastructure 130 54 2.4x Developer and provider of data protection and recovery software.
Developer of multi-cloud management software designed to transform businesses
Sep-13 BMC Software Insight Partners Infrastructure 6,900 2,181 2.4x into digital enterprises.
Developer of a cloud-based technology platform for addressing all aspects of multi-
Jul-13 Mediaspectrum Insight Partners Social Media 36 ND ND channel advertising and content management.
Jun-13 Kaseya Insight Partners Infrastructure ND ND ND Provider of IT management and monitoring software services.
Jun-13 Acuant Insight Partners Data ND ND ND Manufacturer of card reading systems.
Street Response
Provides online financial market data that is exported into trading software for the
Jan-13 Laboratories [dba SR Insight Partners Fintech 53 ND ND investment sectors globally.
Labs]
Jul-12 MV Sistemas Insight Partners Healthcare ND ND ND Manufacturer of health management systems.
Operator of an omnichannel, multi-brand and direct-to-consumer electronic platform
Jul-12 Studio Moderna Insight Partners Healthcare ND ND ND intended to provide a comfortable, healthy and active living.
Jul-12 Quest Software Insight Partners Cybersecurity 1,574 894 1.5x Developer of application management software.
Provider of a web platform that offers digital applications for purchasing, sales and
May-12 Bionexo Insight Partners Healthcare 20 ND ND process management in health.
Mar-12 Drilling Info Insight Partners Data 165 39 4.3x Provider of SaaS and data analytics services for the oil and gas industry.
* Co-investors, if any, not shown. Source: 451 Research, PitchbookPortfolio Company Acquisitions
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
19
Feb-20 Thread Learning CentralReach Healthcare ND ND ND Developer of data collection software.
Feb-20 RS Energy Group Drilling Info Sales ND ND ND Provider of research services for the oil and gas industry.
Jan-20 Q Engineering Drilling Info Sales ND ND ND Developer of forecasting software for the oil & gas industry.
Provides behavior-drive development (BDD) agile software testing and collaboration
Jan-20 SpecFlow Tricentis GmbH DevOps ND ND ND software for businesses globally.
Jan-20 Herefish Bullhorn HR ND ND ND Developer of automation solutions for staffing firms.
Provider of e-commerce and shipping platform designed to solve unique business
Dec-19 Insite Software Solutions Episerver eCommerce ND ND ND challenges of B2B manufacturing and distribution companies.
Dec-19 RiSource (Netherlands) Diligent Sales ND ND ND Provider of data management solutions based in Rotterdam, Netherlands.
Developer of business software intended to provide financial and professional
Dec-19 Simplifie Diligent Legal ND ND ND services.
Dec-19 Solisma Diligent Infrastructure ND ND ND Provider of integrated service management solutions based in Australia.
Nov-19 Idio Episerver Marketing ND ND ND Developer of a content marketing platform intended to provide analytical data.
Developer of an identity-as-a-service platform designed to authenticate access to
Oct-19 Alpin CoreView Data ND ND ND corporate systems for employees.
Oct-19 Precise Xceleration CentralReach Sales ND ND ND Operator of the curriculum and programming business.
Oct-19 Conversio CM Group eCommerce ND ND ND Provides e-commerce SaaS for businesses.
Oct-19 Erecruit Holdings Bullhorn HR ND ND ND Developer of an enterprise staffing software platform.
Oct-19 OpenBeds Appriss Healthcare ND ND ND Provides an end-to-end health service management platform.
Sep-19 FixStream Networks Resolve Systems Infrastructure 24 5 6.4x Operator of an IT automation and orchestration platform.
Sep-19 VRM InhabitIQ Real Estate ND ND ND Provides vacation rental management software.
Aug-19 Red Dog Systems Drilling Info Sales ND ND ND Developer of an information technology software that facilitates exchange of data.
Provides DNA cloning procedure data management and simulation SaaS for
Aug-19 GSL Biotech InsightfulScience Healthcare ND ND ND molecular biology scientists
Provides DNA cloning procedure data management and simulation SaaS for
InsightfulScience
Aug-19 SnapGene Data ND ND ND molecular biology scientists, research institutions, and pharmaceutical and biotech
Software companies globally.
* Co-investors, if any, not shown. Source: 451 Research, PitchbookPortfolio Company Acquisitions (Cont’d)
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
InsightfulScience Developer of a software intended to serve companies and researchers engaged in
20
Aug-19 SnapGene Data ND ND ND molecular biology.
Software
Aug-19 Research Fish Interfolio Education ND ND ND Provider of an academic information and research platform based in Cambridge, UK.
Aug-19 TestProject Tricentis GmbH DevOps ND ND ND Provides collaborative software test automation SaaS for businesses.
Aug-19 BoardPaq Diligent Data ND ND ND Provider of an online application for paperless board meetings.
Jul-19 Platts RigData Drilling Info Sales 27 ND ND Provider of content on oil and gas drilling activities.
Verisk (loss prevention
Jul-19 Appriss Sales ND ND ND Provider of sales loss management services for retailers.
business)
Provider of Real Estate Administration SaaS to commercial and government
Jul-19 Guardian Global Systems LeaseAccelerator Government ND ND ND organizations based in Australia.
Providers of workforce, inventory and operations management services to the global
Jul-19 HotSchedules Fourth HR 300 ND ND restaurant and hospitality industry.
Provider of background screening services drawing from its expertise in public
Jul-19 Innovative Enterprises Appriss Government ND ND ND records research and aggregation, law enforcement, judicial administration and
private investigation.
Jul-19 Amber Road E2open Logistics 425 86 6.2x Amber Road Inc is a provider of cloud-based global trade management solution.
Provides digital identity security SaaS that manages certificates and digital signatures
Jul-19 Evolium Technologies Keyfactor Cybersecurity ND ND ND for medium and large companies, primarily in the Spanish-speaking banking,
insurance, infrastructure, and healthcare sectors.
Jul-19 Redtrust Keyfactor Sales ND ND ND Operator of a digital certificates management company, based in Spain.
Jun-19 StorSmart Insurance SpareFoot Fintech ND ND ND Provider of premier self-storage contents insurance program.
Jun-19 BSD Tools EveryAction Data ND ND ND Provides a digital toolset to the non-profit industry.
Jun-19 EveryAction's Digital Tools NGP VAN Marketing ND ND ND Developer of a fundraising platform.
Pathfinder Health Developer of a cloud-based software designed to provide treatment for autism and
Jun-19 CentralReach Healthcare ND ND ND cognitive disorders.
Innovations
Jun-19 FastBridge Learning Illuminate Education Education ND ND ND Developer of formative assessment SaaS platform.
Jun-19 DonorTrends EveryAction Marketing ND ND ND Developer of a fundraising analysis platform.
Provider of a marketing automation software and consulting services intended to
Jun-19 Averetek E2open Marketing ND ND ND schedule and manage the content across channels.
Jun-19 Live Rez InhabitIQ Real Estate ND ND ND Developer of a cloud rental management software
* Co-investors, if any, not shown. Source: 451 Research, PitchbookPortfolio Company Acquisitions (Cont’d)
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
Developer of a cyber situational awareness platform intended for enterprise network
21
May-19 Lumeta FireMon Cybersecurity ND ND ND infrastructure, segmentation and breach detection analytics.
Professional Provider of cloud-based operations and inventory management software designed to
May-19 CStorePro Sales ND ND ND manage back-office work.
Datasolutions (PDI)
May-19 Intellicorp Tricentis Data ND ND ND Provides smart software designed for SAP solutions.
Provides marketing automation software as a service for legal and professional
May-19 Vuture CM Group Legal ND ND ND services providers to use for event management, content management, payments,
alumni tracking, and surveys.
May-19 ActionKit EveryAction Marketing ND ND ND Provides email marketing software for non-profit organizations, including MoveOn.org.
Developer of an online fundraising platform designed to help in building an important
May-19 We Also Walk Dogs NGP VAN Fintech ND ND ND social movement.
May-19 ID Agent Kaseya Cybersecurity ND ND ND Developer of internet security and identity protection software.
InsightfulScience Provider of a bioinformatics software platform intended to analyze, interpret and apply
Apr-19 Biomatters Healthcare ND ND ND molecular sequence data.
Software
Apr-19 Biomatters InsightfulScience Healthcare ND ND ND Provides molecular sequence data analysis software.
Apr-19 Attendee Interactive Community Brands Data ND ND ND Provider of conference planning and event management services.
Mar-19 Lynnbrook Group InhabitIQ Real Estate ND ND ND Provider of rental and residential management software.
Mar-19 ChurchStreaming Ministry Brands Other ND ND ND Provider of live streaming services.
Mar-19 Core-Apps Community Brands Social Media ND ND ND Developer of an event management software.
Mar-19 Midland Map Company Drilling Info Other ND ND ND Provider of oilfield maps.
Mar-19 Blue Tent InhabitIQ eCommerce ND ND ND Digital agency for travel and tourism.
Mar-19 TripBuilder Media Community Brands Social Media ND ND ND Developer of member engagement and event management software.
Feb-19 Rental Guardian InhabitIQ Real Estate ND ND ND Provides web-based delivery system for travel and damage protection products.
Feb-19 TruEquity Diligent Fintech ND ND ND Provider of cap table management software services.
Jan-19 AmericanChecked Community Brands Other ND ND ND Provider of background screening solutions.
Jan-19 Shield Screening Community Brands Government ND ND ND Provider of background screening services.
* Co-investors, if any, not shown. Source: 451 Research, PitchbookPortfolio Company Acquisitions (Cont’d)
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
22
Jan-19 U.S. Information Search Community Brands Other ND ND ND Provider of screening services.
Developer of personal data processing software products based in Malvern, United
Jan-19 TermSet CoreView Legal ND ND ND Kingdom.
Provides ERP and supply chain management software to the recycling and waste
Jan-19 Recy Systems AMCS Logistics ND ND ND management industry.
Jan-19 Liveclicker CM Group Marketing ND 10 ND Provides contextual email marketing SaaS for B2C marketers.
Jan-19 MineralSoft Drilling Info Data ND ND ND Developer of a platform intended to manage oil and gas investments.
Jan-19 Sailthru CM Group Sales 100 40 2.5x Provides email marketing and marketing automation SaaS for businesses.
Provider of an online intelligence platform designed to analyze information for
Jan-19 Manzama Diligent Legal ND ND ND attorneys and practice groups.
Provider of background security check services intended to make employee hiring
Jan-19 Crime Finders Appriss HR ND ND ND more secure.
Provider of an online adaptive learning platform with content responsive to student
Jan-19 LearnBop Achieve3000 Education ND ND ND behavior
Jan-19 SiteCompli InhabitIQ Real Estate ND ND ND Developer of business compliance automation software.
Developer of an ideation management platform intended to help companies unleash
Dec-18 Spigit PlanView HR ND ND ND the power of their employees, partners and customers to drive innovation.
Dec-18 IT Glue Kaseya Data ND ND ND Developer of information technology documentation software.
Dec-18 CR BillMax Services CentralReach Healthcare ND ND ND Provider of medical billing services.
Nov-18 Inttra E2open Logistics ND 60 ND Developer of ocean freight booking platform for the ocean shipping industry.
Provides software and network security testing and technology consulting services for
Nov-18 Custodela Checkmarx Cybersecurity ND ND ND DevSecOps teams.
Developer of an online grading application designed to make education efficient and
Oct-18 Gradescope Turnitin Education ND ND ND effective.
Developer of a digital reading platform for students designed to have every student
Oct-18 Actively Learn Achieve3000 Education ND ND ND find joy and purpose in reading.
Oct-18 Cloud Logistics E2open Logistics ND ND ND Developer of a cloud-based logistics software.
Sep-18 Groupcall Community Brands Cybersecurity ND ND ND Developer of communications and data analytics software in the United Kingdom.
Provider of PEO (professional employer organization) brokerage services intended to
Sep-18 Choice HR Fourth HR ND ND ND offer cost-effective HR services integrated with leading technologies in a manner that
is seamless, simple, and personalized.
* Co-investors, if any, not shown. Source: 451 Research, PitchbookPortfolio Company Acquisitions (Cont’d)
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
23
Sep-18 Oildex Drilling Info DevOps 410 ND ND Developer of an oil and gas financial automation software.
Provider of business building technology tools for Managed Service providers (MSP)
Sep-18 RapidFire Tools Kaseya Infrastructure ND ND ND and resellers.
Developer of a board of directors software created to revolutionize board
Aug-18 DirectorPoint Diligent Data ND ND ND communications, engagement and effectiveness.
Operator of a platform intended to offer Internet-based document compliance services
Aug-18 Brainloop Diligent Infrastructure ND 27 ND and data spaces.
Aug-18 Brainloop Diligent Data ND ND ND Provides high-security data-sharing SaaS to corporate boards.
Jul-18 Preventure Virgin Pulse Healthcare ND ND ND Provides corporate wellness services.
Jul-18 Desert Micro AMCS Other ND ND ND Provides SaaS software solutions provider for the waste industry.
Provider of a cloud-based software platform intended to be used for executive and
Jul-18 Invenias Bullhorn HR ND ND ND strategic hiring.
Developer of an educational assessment software designed to integrate educational
Jul-18 SchoolCity Illuminate Education Education ND ND ND ecosystem assessment with curriculum, instruction and intervention.
Jul-18 Hygenics Data Appriss Data ND ND ND Provides data management and analytics software.
Alpine Achievement
Jun-18 Illuminate Education Education 20 ND ND Developer of data integration, analysis and reporting, intended for K-12 educators.
Systems
Jun-18 Delivra CM Group Marketing ND ND ND Provides custom email marketing and automation SaaS for businesses in the US.
Jun-18 QASymphony Tricentis GmbH Sales ND 20 ND Provides software testing and reporting SaaS to businesses.
Jun-18 ExpoLogic Community Brands Marketing ND ND ND Provides event management software.
Jun-18 Boardroom Resources Diligent Education ND ND ND Operator of a board education platform.
Petroleum Listing Service Provides a subscription-based online market information database and transaction
Jun-18 Drilling Info Data ND ND ND reporting to businesses.
(dba PLS)
Jun-18 Savvius LiveAction Data ND ND ND Provides packet-capture and analytics appliances and forensic software solutions.
Provides test data management (TDM) SaaS that generates secure, reliable, and
Jun-18 Q-up Tricentis GmbH DevOps ND ND ND data protection-compliant test data, on-demand, for testing software processes.
Jun-18 1Derrick Drilling Info Data ND ND ND Operator of a research and consulting firm with interests in the oil and gas industry.
Jun-18 AMA Partners Diligent Social Media ND ND ND Owner of an analytics platform.
* Co-investors, if any, not shown. Source: 451 Research, PitchbookPortfolio Company Acquisitions (Cont’d)
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
The developer of a performance measurement and management application
24
May-18 Chartlytics CentralReach Data ND ND ND designed to identify students' behaviours and measure progresses.
May-18 IO Education Illuminate Education Education ND ND ND Provider of K-12 education data and performance management software.
May-18 Unitrends Kaseya Infrastructure ND ND ND Developer and provider of data protection and recovery software.
Provides outsourced contract management, data discovery, and lease management
Apr-18 Counselytics Conga Real Estate ND ND ND services.
Provides outsourced contract management, data discovery, document and lease
Apr-18 Counselytics Conga Infrastructure ND ND ND management services for businesses.
Developer of governance software designed to improve transparency, productivity and
Mar-18 eShare Diligent Data ND ND ND achieve better results.
Mar-18 Orchestrate Conga FinTech ND ND ND Provides workflow automation software for the financial services industry.
Provides Salesforce-based workflow automation software applications and support
Mar-18 Orchestrate Conga Fintech ND ND ND services for businesses in the financial services industry.
Mar-18 JobScience Bullhorn HR ND ND ND Developer of staffing software as a service designed for recruiters to save time.
Mar-18 Talent Rover Bullhorn HR ND 15 ND Developer of a staffing and recruiting software platform.
Mar-18 Octiv Conga Legal ND ND ND Provides document management SaaS.
Mar-18 Octiv Conga Data ND 8 ND Provides document management SaaS to businesses.
Mar-18 Warren Evans Dreams Real Estate ND ND ND Portfolio of three stores in the South East of England.
Provider of a cloud-based tool for detecting plagiarism intended to turn conversations
Feb-18 VeriCite Turnitin Education ND ND ND about academic integrity into positive teaching moments.
Developer and provider of property management, payment processing, and mobile
Feb-18 Aptexx InhabitIQ Real Estate ND ND ND messaging applications.
Feb-18 Sharefaith Ministry Brands Sales ND ND ND Operator of a web design, mobile development and marketing company.
Provider of Channel Data Management intended to fulfill the need in the technology
Jan-18 Birch Worldwide E2open Marketing ND ND ND market for specialized channel marketing services and operations.
Provides trading, risk management and settlement solutions to the energy,
Jan-18 Brady AMCS Other ND ND ND commodities, and recycling sectors.
Jan-18 Entomo E2open Marketing ND ND ND Provides cloud-based sales channel management software to businesses.
Provides online fundraising and charity-based auctions for businesses and non-
Dec-17 501 Auctions Community Brands eCommerce ND ND ND profits.
* Co-investors, if any, not shown. Source: 451 Research, PitchbookPortfolio Company Acquisitions (Cont’d)
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
25
Dec-17 Gesture Community Brands Infrastructure ND ND ND Provides mobile fundraising auction management SaaS for nonprofits.
Provides silent auction management SaaS that enables charities and nonprofits to let
Dec-17 GiveSmart US Community Brands Infrastructure ND ND ND event attendees bid via their mobile devices.
Dec-17 LeanKit PlanView Data ND ND ND Developer of a lean-based project and work-delivery platform.
Pattern Recognition Provider of short-term power demand and price forecasts to the electric, gas, solar
Dec-17 Drilling Info Data ND ND ND and wind markets.
Technologies
Nov-17 PeopleNet Bullhorn DevOps ND ND ND Developer of work automation software systems.
Nov-17 Oil-Law Records Drilling Info Other ND ND ND Provider of oil and gas industry information and related services.
Provides channel data management SaaS for the consumer electronics sector
Nov-17 Zyme Solutions E2open Logistics ND ND ND globally.
Provider of educational psychometric services intended to promote college and career
Oct-17 Key Data Systems Illuminate Education Education ND ND ND success for all students.
Provider of software services for enterprise data management and business process
Oct-17 Datagenic Drilling Info Data ND ND ND automation intended to help organizations maximize data value through automation
and data discovery.
Sep-17 Teachers2Parents Education Brands Education ND ND ND Developer of a SaaS platform supporting communication in the educational sector.
The identity management system asset of Mount Airey Group, which also provides
Sep-17 Mount Airey Group Acuant Cybersecurity ND ND ND systems, network, telecom and security integration, consulting and software
development for geographical information systems (GIS).
Global Channel Provides channel data management and partner marketing management software
Aug-17 Zyme Solutions Marketing ND ND ND and services for the marketing sector.
Management
Provider of an online platform used for teleshopping intended to facilitate everyday
Aug-17 Mango-Media Studio Moderna eCommerce ND ND ND home activities.
Provides Amazon API Gateway and open source-based software testing SaaS for
Jul-17 Flood IO Pty Tricentis GmbH DevOps ND ND ND businesses.
Provider of software services intended to support corporations to automate, manage
Jul-17 Lecorpio Anaqua Legal ND ND ND and optimize intellectual property, compliance and billing processes of legal
departments.
Provider of online education products and services intended for K-12 educators.The
School Improvement
Jul-17 Frontline Education Education ND ND ND company's online education products and services enable it to make teachers
Network become more effective so that the students are college and career ready.
Vela Trading Provides trade execution and financial data analysis SaaS for businesses in the
Jul-17 Object Trading Fintech ND ND ND investment industry.
Technologies
Provides electronic stock trade execution, automated trading, market and risk
Vela Trading
Jun-17 OptionsCity Software Fintech ND ND ND analytics SaaS for businesses and brokers in the investment and finance sector
Technologies globally.
Provider of channel marketing and sales consulting intended to provide channel
May-17 Foster MacCallum Zyme Marketing ND ND ND growth advisory services.
May-17 Unigma Kaseya Infrastructure ND ND ND Provider of cloud management services.
* Co-investors, if any, not shown. Source: 451 Research, PitchbookPortfolio Company Acquisitions (Cont’d)
Date Target Aquirer/Investor* Primary Sector Size ($M) Rev ($M) EV/Rev Target Business Description
Developer of software designed to help IT teams manage the way users, traffic,
26
Apr-17 Exinda GFI Software DevOps ND ND ND devices and applications behave across the network.
Developer of a cloud-based data protection platform designed to offer backup and
Apr-17 Spanning Kaseya Infrastructure ND ND ND recovery services for SaaS applications.
Apr-17 Teachers-Teachers.com Frontline Education Other ND ND ND Provider of teaching job information through a teacher recruitment platform.
Provides accounting and fundraising software and SaaS for organizations in the non-
Apr-17 Abila Community Brands Government 175 ND ND profit, government and education sectors.
Developer of cloud based membership management and association management
Apr-17 Aptify Ministry Brands Education 75 ND ND software designed for associations, nonprofits, faith-based groups, and K-12 schools.
Mar-17 Tagga CM Group Marketing ND ND ND Provides real-time, historic and legacy customer analytics SaaS for marketers.
Feb-17 ICSA Boardroom Apps Diligent Data ND ND ND Provides document collaboration software for use in meetings.
Provides global entity and corporate governance management software for corporate
Feb-17 ICSA Software Diligent Legal ND ND ND secretarial and legal departments.
Provider of a cloud planning platform intended to support business planning for
Feb-17 Steelwedge Software E2open Sales 50 25 2.0x enterprises.
Feb-17 StreamLink Software Diligent Data ND ND ND Provider of board Member governance and management software.
Developer of meeting and document collaboration tools created to enable boards to
Feb-17 BoardPad Diligent Infrastructure ND ND ND operate in a secure, paperless environment.
Developer of web-based membership management software designed to offer
Feb-17 YourMembership Ministry Brands Social Media 275 60 4.6x member engagement platform.
Jan-17 Kerio Technologies GFI Software Cybersecurity 28 ND ND Provider of IT infrastructure services.
Jan-17 Beacon Innovation Group Anaqua Legal ND ND ND Provider of patent research services in the United States.
Jan-17 Kindrid Ministry Brands Cybersecurity ND ND ND Developer of a fundraising platform.
Developer of cloud based applications for teachers, administrators and parents of
Dec-16 eSPED Frontline Education Education ND ND ND children with exceptionalities.
Provider of forecasting and analytical information for investments in crude oil, natural
Nov-16 Ponderosa State Energy Drilling Info Sales ND ND ND gas and Natural Gas Liquid (NGL) markets.
Nov-16 BoardEffect Diligent Data ND ND ND Provider of e-governance services.
Oct-16 FortyCloud FireMon Cybersecurity ND ND ND Provider of network security software.
Developer of a data management software intended to ensure accuracy, timeliness,
Oct-16 GlobalView Software Insight Partners Data ND ND ND and simplicity while maximizing user experience through the latest technology and
continuous support.
* Co-investors, if any, not shown. Source: 451 Research, PitchbookYou can also read
