Tag Archives: Data

Hubexo unveils company rebrand and new leadership structure

Stirling Square

Stockholm, 1 October 2024 Byggfakta Group has rebranded as Hubexo, unifying the organisation into a single brand and reaffirming the Firm’s commitment to driving innovation and growth within the global construction industry. While product brands like BCI, NBS, and Vortal will retain their names, they will adopt new visual identities aligned with Hubexo. The reorganisation includes a streamlined leadership structure, with regional Presidents overseeing operations across APAC, Europe, North America, and the UK. CEO Dario Aganovic emphasised the company’s focus on shaping the future of construction with sustainable solutions. Hubexo will focus on its core construction data and software business, with non-construction operations being spun off into a separate entity. The full rebranding is set to be completed by Q2 2025.

A link to the Hubexo announcement can be found here: https://hubexo.com/news/byggfakta-group-becomes-hubexo/

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P95 Acquires Assign DMB, Expanding Data Management and Biostatistics Services

Ampersand

Leuven, Belgium, September 5, 2024 /PR Newswire/ – P95 BV (“P95”), a leading global provider of epidemiology and clinical solutions with a specialty focus on vaccines and infectious diseases, is excited to announce the acquisition of Assign DMB. Founded by current CEO Anton Klingler in 2005, Assign DMB stands at the forefront of clinical research organisations (CROs) in Austria and is renowned for its exceptional clinical data management and biometrics services, particularly in the areas of infectious diseases and vaccines. Backed by Ampersand Capital Partners, a global investment firm with offices in Boston and Amsterdam, P95 is proud to raise the bar in leading innovation and excellence in clinical research globally with this acquisition.

Thomas Verstraeten, CEO of P95 comments, “It is with great pleasure that we welcome Anton and his team to the P95 family. Assign DMB is a world class leader in the areas of data management and biostatistics. By combining forces, we further enhance our capacity to implement both clinical and non-interventional studies, with a continued focus on vaccines and infectious diseases. Like us, Assign DMB has supported studies in various regions worldwide. Our combined global expertise enables us to deliver our services at any location worldwide, including underserved and developing countries.”

Anton Klinger, CEO of Assign DMB adds, “I am delighted to join forces with P95. This acquisition is a significant milestone for Assign DMB, and I am confident that our combined expertise will enable us to deliver even greater value to our clients. Together, we will continue to strive for excellence in clinical research.”

 

 

 

About P95

P95 is a leading global provider of epidemiology and clinical solutions with a specialty focus on vaccines and infectious diseases. Headquartered in Belgium, P95 has regional hub offices in Africa (South Africa), Latin America (Colombia), North America (USA) and Southeast Asia (Thailand). P95’s full-service CRO solutions span 5 continents, with 300 staff and experience across 30 countries. P95 offers a range of high-quality services including clinical trials Phase I-IV, epidemiology and real-world evidence, vaccine development consulting, study start-up and regulatory, clinical monitoring, home nursing, sample management, medical monitoring, pharmacovigilance, data management, biostatistics, medical writing and qualitative research.

About Assign DMB

Assign DMB is one of the leading clinical research organisations in Austria offering a broad range of services for all phases of clinical trials. Based in Innsbruck, Assign DMB has more than 20 years of experience managing clinical studies. Assign DMB’s services are tailored to the sponsors’ individual needs and include data management, biostatistics, and medical writing as well as safety management and medical monitoring.

About Ampersand Capital Partners

Ampersand Capital Partners, founded in 1988, is a middle-market private equity firm with $3 billion of assets under management, dedicated to growth-oriented investments in the healthcare sector. With offices in Boston, MA, and Amsterdam, Netherlands, Ampersand leverages a unique blend of private equity and operating experience to build value and drive long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors. For additional information, visit Ampersandcapital.com or follow us on LinkedIn.

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Blackstone Announces Agreement to Acquire AirTrunk in a A$24B Transaction

Blackstone

Sydney – September 4, 2024 – Funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, along with the Canada Pension Plan Investment Board (“CPP Investments”), have entered into a definitive agreement to acquire AirTrunk, the leading Asia Pacific data center platform, from Macquarie Asset Management and the Public Sector Pension Investment Board, for an implied enterprise value of over A$24 billion1. This represents Blackstone’s largest investment in the Asia Pacific region. The transaction is subject to approval from the Australian Foreign Investment Review Board.

AirTrunk is the largest data center platform in the Asia Pacific region, with a sizeable presence in Australia, Japan, Malaysia, Hong Kong, and Singapore. It has more than 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region.

Jon Gray, President and Chief Operating Officer of Blackstone, said: “This is Blackstone at its best – leveraging our global platform to capitalize on our highest conviction theme. AirTrunk is another vital step as Blackstone seeks to be the leading digital infrastructure investor in the world across the ecosystem, including data centers, power and related services.”

Sean Klimczak, Global Head of Blackstone Infrastructure and Nadeem Meghji, Global Co-Head of Blackstone Real Estate, said: “Digital infrastructure is experiencing unprecedented demand driven by the AI revolution as well as the broader digitization of the economy. Prior to AirTrunk, Blackstone’s portfolio consisted of US$55 billion of data centers including facilities under construction, along with over US$70 billion in prospective pipeline development. We look forward to partnering with the outstanding AirTrunk management team to further accelerate its growth.”

Robin Khuda, Founder and Chief Executive Officer of AirTrunk, said: “This transaction evidences the strength of the AirTrunk platform in a strong performing sector as we capture the next wave of growth from cloud services and AI and support the energy transition in Asia Pacific. We look forward to working with Blackstone and CPP Investments and benefitting from their scale capital, sector expertise and valuable network across the various local markets, which will help support the continued expansion of AirTrunk.”

It is expected that there will be approximately US$1 trillion of capital expenditures in the United States over the next five years to build and facilitate new data centers, with another US$1 trillion of capital expenditures outside the United States. Blackstone is capitalizing on this movement as a leading investor globally in data centers. Blackstone has invested in both the debt and equity of other data center companies, including as owner of QTS, the fastest growing data center company in the world, Coreweave and Digital Realty. Blackstone is also focused on addressing the sector’s power needs in many differentiated ways, including as an investor in power and utility companies, such as Invenergy, the largest independent renewables developer in the United States.

1 Including capital expenditure for committed projects

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than US$1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Blackstone Media Contacts
Mariko Sanchanta
Blackstone
mariko.sanchanta@blackstone.com | +852 3656 7738

Hayley Morris
MorrisBrown Communications Pty Ltd
hayley@morris-brown.com.au | +61 407 789 018

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Revelstoke Capital Partners Announces Significant Growth Investment in MediQuant

Revelstroke Capital Partners

DENVER and INDEPENDENCE, Ohio, Sept. 4, 2024 /PRNewswire/ — Revelstoke Capital Partners (“Revelstoke”), a healthcare-focused private equity firm, today announced a significant growth investment in MediQuant, LLC (“MediQuant” or the “Company”), a leader in cloud-based data archiving and interoperability solutions for hospitals and health systems. MediQuant is the seventh investment from Revelstoke Capital Partners Fund III. Terms of the transaction were not disclosed.

MediQuant’s flagship product, DataArk®, allows health systems to maintain access to relevant clinical, financial, and administrative data, ensuring that valuable data required for patient care and compliance is secure and within reach. MediQuant’s platform applications are secure, intuitive, and scalable, providing an active view of patient records from within existing systems. This allows customers to reduce security risks and costs by eliminating redundant software applications. MediQuant has successfully rationalized more than 3,300 clinical, financial, and administrative applications since inception.

“MediQuant was founded by pioneers in the data management industry 25 years ago, and the work we do to preserve critical healthcare data has never been more important. As a result, demand for our solutions has grown significantly, and our enterprise-grade, HITRUST r2-certiied offering continues to resonate with health system customers,” said Jim Jacobs, CEO of MediQuant. “We are thrilled to partner with Revelstoke to accelerate MediQuant’s growth.”

“Provider data management has been an active investment theme for Revelstoke. MediQuant has built a differentiated platform that helps healthcare providers better manage data while achieving a tangible return on investment through reducing application spend, maintaining compliance with regulatory requirements, and increasing physician satisfaction,” said Andrew Welch, Partner at Revelstoke.

“We are excited to build on MediQuant’s leading platform and expand its scope of customers and capabilities,” added Michael Temple, Vice President at Revelstoke.

MediQuant was advised by Harris Williams and Ropes & Gray LLP. Revelstoke was advised by OM Partners, LLC and McGuireWoods LLP.

About MediQuant
Founded in 1999, MediQuant is a leader in enterprise active archiving and interoperability solutions for hospitals and health systems. The Company’s flagship product, DataArk, allows health systems to maintain access to relevant clinical, financial, and administrative data, ensuring that valuable data required for patient care and compliance is within reach. With decades of experience successfully executing data conversions and archives across virtually all major EMR, EHR, ERP and Patient Accounting software vendors, MediQuant serves 250+ individual health systems, which represent more than 1,100 hospital and physician practice customers. For more information, visit www.mediquant.com.

About Revelstoke Capital Partners
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare services, healthcare technology, and health and wellness sectors. Revelstoke partners with entrepreneurs and management teams to execute a disciplined organic and acquisition growth strategy as it strives to build exceptional companies. Revelstoke is based in Denver, Colorado and has approximately $5.1 billion of assets under management. Since the firm’s inception in 2013, Revelstoke has completed 191 acquisitions, which include 28 platform companies and 163 add-on acquisitions.
www.revelstokecapital.com

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AVP Investment Thesis – Finbourne

AXA

AVP and Highland Europe recently co-led a Series B investment in Finbourne, a cloud native, investment and data management platform. The software market for large asset managers is dominated by large, legacy incumbents and it is becoming increasingly critical for financial institutions to upgrade their legacy systems to remain competitive in a dynamic and ever evolving environment.

Financial markets are often assumed to be some of our most technologically advanced but we found the reality to be quite different as we dug deeper. Over the last few decades asset management has significantly increased in complexity with the proliferation of asset classes, globalization and increased reporting requirements for reasons of transparency or regulation. In an effort to keep pace asset managers have stitched together disparate technology solutions into a patchwork quilt sewn with COBOL and spreadsheets.

As technology teams are asked to stretch this to accommodate new requirements such as ESG reporting or to provide data to train AI models things are reaching a breaking point for many of the largest asset managers. Painful, manual data extractions and reconciliations between systems that were never designed to talk to another have also been driving up costs. At the same time innovation has been restrained by the high complexity of solutions and the business risk if a systems change was to impact on the end customers.

Finbourne solves these problems with an end-to-end platform built on a unified data model across asset classes. The Operational Data Store brings all assets under a single pane of glanss and they provide a suite of models, analytics and products built for financial institutions. Building upon their success at the infrastructure layer they now offer best in class portfolio management systems, an investment book of record (IBOR) and an accounting book of record (ABOR). Core to the success of the solution have been their bidirectional data pipelines to other software and data repositories at their clients. To pursue the earlier metaphor, Finbourne allows clients to replace one patch at a time without ever needing to leave a hole and giving a migration path away from the legacy systems and towards a single source of the truth across assets.

This great technology could only come from a great team, here led by Tom McHugh who cofounded the company in 2016. Having worn both the CEO and the CTO hats Tom has a rare blend of commercial and technical skills and under his direction we believe Finbourne will become the market leader in the space. We’re excited to partner with Finbourne on their journey to setting the new standard in asset management technology.

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ZEMA Global Data Corporation Secures Significant Growth Equity Investment from FTV Capital

FTV Capital

Industry veteran Andrea Remyn Stone named as CEO to drive business expansion for leading enterprise data and analytics platform serving the energy and commodities industry

Vancouver, British Columbia – July 9, 2024 – ZEMA Global Data Corporation (formerly ZE PowerGroup), a leading provider of enterprise data management and analytics for the commodity and energy sectors, today announced it has secured a significant growth equity investment from FTV Capital, a sector-focused growth equity investment firm with a successful 25+-year track record of investing in enterprise and financial technology. Formerly known as ZE PowerGroup, the company has been renamed ZEMA Global Data Corporation to reflect its position in the highly dynamic global energy and commodities market.  FTV Capital’s investment will enable ZEMA to expand its global presence and serve a rapidly growing customer base as the energy transition fuels demand for increasingly complex data and analytics.

Alongside FTV Capital’s investment, ZEMA also announced the appointment of Andrea Remyn Stone to the role of chief executive officer, effective immediately. Most recently, Stone was the CEO of the data and analytics division of the London Stock Exchange Group (LSEG), where she accelerated the growth of its data and analytics division (formerly Refinitiv) while reshaping the business portfolio and refocusing large scale data and desktop platforms. Stone led transformations with several global fintech organizations including Bloomberg, S&P Global, Dealogic and ION. In 2022, she was named to the inaugural TabbFORUM 40 Top Innovators in Financial Markets.

Dr. Zak El-Ramly, founder and former CEO of ZEMA, will remain actively involved in the business, assuming the role of chairman of ZEMA and working alongside Stone to continue driving the company’s vision and strong growth trajectory.

“Andrea’s immense expertise and proven track record of growing and scaling innovative data companies make her an excellent fit to chart our next chapter of growth,” said Dr. Zak El-Ramly, founder of ZEMA Global Data Corporation. “With FTV’s investment, we gain not only vital growth capital but also a partner that brings value-added insights and a vast network to help us deliver our award-winning platform to an expanding global customer base across multiple industries.”

ZEMA is a trusted provider of enterprise data and analytics solutions to large multi-national organizations, enabling them to unlock the full potential of their energy and commodities data. ZEMA’s suite of solutions offers highly configurable data management and curve analytic solutions that eliminate complexity and expense while automating mission critical workflows that drive high-value decisions surrounding physical and financial commodity and energy needs. In its next expansion phase supported by FTV Capital’s investment, ZEMA will broaden its capabilities and customer support worldwide, advance product development and further innovate its analytics and automation solutions.

“ZEMA’s long standing reputation for high quality and integrity has earned industry awards and top rankings, supported by a culture with a passion for data and deep trust in its people,” said Stone. I’m excited to pursue opportunities to deepen our analytics offering and enhance our services to better serve clients and to help the industry realize its potential in this next chapter of growth ahead.”

“As the global energy transition accelerates, there is a growing demand for solutions like ZEMA’s,” said Robert Anderson, partner at FTV Capital. “We have long admired Andrea’s industry leadership and look forward to collaborating with her and the rest of the ZEMA management team as they expand their business to better serve the multi-trillion-dollar energy and commodities trading industry.”

“ZEMA has established itself as a leading provider of enterprise data and analytics solutions that automate workflows and deliver tangible ROI for customers,” said Brent Fierro, principal at FTV Capital. “We’re excited for the opportunity to partner with ZEMA to help the company meaningfully scale, invest in customer-centric initiatives and further solidify its strong offering in the market.”

Alongside existing board members Dr. Zak El-Ramly (chairman), Aiman El-Ramly and Nader El-Ramly, as part of this growth investment, Robert Anderson, partner at FTV Capital, Brent Fierro, principal at FTV Capital, Payam Vadi, vice president at FTV Capital, and Andrea Remyn Stone (CEO), joined ZEMA’s board of directors.

D.A. Davidson served as exclusive strategic and financial advisor to ZEMA Global Data Corporation. Financial terms were not disclosed.

About ZEMA Global Data Corporation

ZEMA Global Data Corporation is a leading provider of data, analytics and curve solutions, empowering organizations to harness the power of data for informed decision-making and strategic growth. With a commitment to innovation and client success, ZEMA delivers unparalleled value to its global clientele.

About FTV Capital

FTV Capital is a sector-focused growth equity investment firm that has raised $6.2 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in over 140 portfolio companies,  including BillingPlatform, Derivative Path, EBANX, Kore.ai, ReliaQuest, True Potential and Vagaro, and successfully exited/partially exited companies including CardConnect (acquired by First Data), Centaur (acquired by Waystone Group), Egress (acquired by KnowBe4), Enfusion (NYSE: ENFN), Globant (NYSE: GLOB), InvestCloud (recapitalized), Strata Fund Solutions (acquired by Alter Domus), VPay (acquired by Optum) and WorldFirst (acquired by Ant Financial). FTV has offices in San Francisco, New York, Connecticut and London. For more information, please visit www.ftvcapital.com and follow the firm on LinkedIn.

Media Contacts:

Prosek Partners on behalf of FTV Capital
Alexa Ottenstein
pro-ftvcapital@prosek.com
646-818-9051

ZEMA Global Data Corporation
Michelle Mollineaux
michelle.mollineaux@ze.com

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CDPQ supports expansion of Vantage Data Centers’ Québec City Campus

Cdpq

DPQ, a global investment group, today announced an agreement to provide USD 75 million (CAD 103 million) as part of a senior financing to Vantage Data Centers, a leading global provider of hyperscale data centers1, to support the expansion of its Québec City Data Center Campus, QC2. This new investment will finance the construction of the third facility on the four-building campus and will deliver an additional 16MW of IT capacity to serve increasing demand for cloud services across Québec and Eastern Canada. The total USD 130 million (CAD 179 million) credit facility was structured and underwritten by Societe Generale.

Strategically located in Québec’s National Capital region, the hyperscale data center is currently under construction by Pomerleau Inc., one of Canada’s leading construction companies. Once fully developed, the 925,000-square-foot (86 000-square-metre) Québec City Data Center Campus will generate 86MW of total combined IT capacity, and deliver reliable and efficient high computing power to Vantage’s global top-tier customers.

“The surge in data-intensive technologies and cloud service adoption is reshaping the North American digital infrastructure market. Vantage Data Centers is in a leading position to seize this opportunity due to its vast experience in data center buildout and operations, and longstanding customer relationships,” said Marc Cormier, Executive Vice-President and Head of Fixed Income, CDPQ. “This new investment in Vantage leverages CDPQ’s global experience in financing critical digital infrastructure to support the delivery of this important local project.”

“CDPQ’s investment will play a crucial role in our expansion in Québec City and in fueling our capacity to deliver high-quality digital infrastructure in the region,” said Maxime Guévin, Senior Vice-President and General Manager of Canada, Vantage Data Centers. “We’re excited to complete this facility in the Spring of 2025, and to deepen our partnership with CDPQ to meet the growing demand for advanced cloud services in Eastern Canada.”

“We are pleased to partner with CDPQ and to provide a tailored financing solution to support this expansion by Vantage Data Centers in Québec”, said Valtin Gallani, Head of Digital Infrastructure Finance and Advisory, Societe Generale.

CDPQ’s growing footprint in financing digital infrastructure
In addition to this investment in Vantage Data Centers’ Québec City campus, earlier this year, CDPQ invested in Vantage Data Center’s EMEA platform serving key markets in Europe and participated in the USD 7.5-billion debt financing facility to support the growth of AI hyperscaler CoreWeave.

1 Hyperscale data centers are typically leased to organizations that operate massive-scale cloud and AI infrastructure to support their business operations.

ABOUT CDPQ

At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2023, CDPQ’s net assets totalled CAD 434 billion. For more information, visit cdpq.com, consult our LinkedIn or Instagram pages, or follow us on X.

CDPQ is a registered trademark owned by Caisse de dépôt et placement du Québec and licensed for use by its subsidiaries.

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Nasuni Announces Investment From Vista Equity Partners, KKR And TCV

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KKR

BOSTON, July 9, 2024 /PRNewswire/ — Nasuni, a leading enterprise data platform for modern hybrid cloud environments, today announced a strategic growth investment led by Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Vista will be joined by TCV and KKR in the new investment, which values Nasuni at approximately $1.2 billion.

The investment will build on Nasuni’s strong momentum disrupting the legacy storage industry to further accelerate product innovation and commercial expansion in the global hybrid cloud market. Further terms of the transaction were not disclosed.

“At Nasuni, we care first and foremost about the success of our customers, partners, and employees,” said Paul Flanagan, CEO of Nasuni. “We are maniacal about our commitment to delivering quality in every aspect of our business and interaction with our customers. This investment and our strategic partnership with Vista, TCV, and KKR will allow us to build upon that commitment, scale with purpose and continue to innovate as we look to take Nasuni to the next level.”

Nasuni’s success to-date includes award winning technology, top decile customer retention rates, industry leading NPS scores, and a consistent 30% growth rate in a market that is rapidly expanding with the advent of hybrid cloud and AI. Nasuni’s data platform is used by over 850 companies spanning 70 countries, and is in use by some of the largest enterprises in the manufacturing, consumer goods, and energy industries.

“Nasuni’s platform offers a highly differentiated approach to consolidating, protecting, and managing data at scale with performance that is critical to supporting AI applications and other high-volume data use-cases,” said Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director. “We are thrilled to partner with the Nasuni team as they work to help businesses optimize their expanding and complex data needs with solutions that are fast, secure, and highly cost-effective.”

BofA Securities served as the exclusive financial advisor and Goodwin Proctor LLP served as legal advisor to Nasuni. Kirkland & Ellis LLP served as legal counsel to Vista and TCV. KKR is making the investment through its Next Generation Technology III Fund.

About Nasuni
Nasuni is a scalable data platform for enterprises facing an explosion of unstructured data in an AI world.

The Nasuni File Data Platform delivers effortless scale in hybrid cloud environments, enables control at the network edge, and meets the modern enterprise expectation for insight- and AI-ready data. It simplifies file data management while increasing storage access and performance. Its best-in-class file recovery protects customers against a range of cyber threats and eliminates the need for specialized backup and disaster recovery – all while cutting the cost of infrastructure by up to 65%.

Organizations worldwide rely on Nasuni, spanning across the manufacturing, construction, energy, consumer goods, and public sectors. Nasuni’s corporate headquarters is in Boston, Massachusetts, and the company delivers services to over 70 countries. For more information, visit www.nasuni.com.

About Vista Equity Partners
Vista is a leading global investment firm with more than $100 billion in assets under management as of December 31, 2023. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.

About TCV
For nearly thirty years, TCV has partnered with global, category-defining, technology companies as a leading growth equity investor. Leveraging its deep industry expertise and strategic resources, TCV’s mission is to provide long-term capital and support to high-quality management teams across their growth journey. Since its founding in 1995, TCV has invested over $20 billion in more than 350 technology companies worldwide and has supported over 150 IPOs and strategic acquisitions, making it one of the most active technology investors. Select investments include Airbnb, AxiomSL, Built, CCC Intelligent Solutions, Celonis, Clio, Cradlepoint, ETQ, ExactTarget, Expedia, Facebook, Fandango, Genesys Software, GoDaddy, GoFundMe, HomeAway, Miro, Netflix, Nubank, OneSourceVirtual, Prodege, Qonto, Relex, Revolut, SilverPeak, Splunk, Sportradar, Spotify, Toast, Twillio, and Zillow. TCV has a global presence in Menlo Park, New York, London and Melbourne. For more information on TCV and its investments, visit tcv.com.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing worldclass people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media Contacts

Nasuni
Kristin Concannon
kconcannon@nasuni.com
617-416-2873

Vista Equity Partners
Brian W. Steel
media@vistaequitypartners.com
212-804-9170

TCV
marketing@tcv.com

KKR
Liidia Liuksila
media@kkr.com

SOURCE Nasuni

 

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Nasuni Announces Majority Investment Led by Vista Equity Partners at $1.2 Billion Valuatio

Vista Equity

TCV and KKR also Participate as New Investors

BOSTON, July 9, 2024 /PRNewswire/ — Nasuni, a leading enterprise data platform for modern hybrid cloud environments, today announced a strategic growth investment led by Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Vista will be joined by TCV and KKR in the new investment, which values Nasuni at approximately $1.2 billion.

The investment will build on Nasuni’s strong momentum disrupting the legacy storage industry to further accelerate product innovation and commercial expansion in the global hybrid cloud market. Further terms of the transaction were not disclosed.

“At Nasuni, we care first and foremost about the success of our customers, partners, and employees,” said Paul Flanagan, CEO of Nasuni. “We are maniacal about our commitment to delivering quality in every aspect of our business and interaction with our customers. This investment and our strategic partnership with Vista, TCV, and KKR will allow us to build upon that commitment, scale with purpose and continue to innovate as we look to take Nasuni to the next level.”

Nasuni’s success to-date includes award winning technology, top decile customer retention rates, industry leading NPS scores, and a consistent 30% growth rate in a market that is rapidly expanding with the advent of hybrid cloud and AI. Nasuni’s data platform is used by over 850 companies spanning 70 countries, and is in use by some of the largest enterprises in the manufacturing, consumer goods, and energy industries.

“Nasuni’s platform offers a highly differentiated approach to consolidating, protecting, and managing data at scale with performance that is critical to supporting AI applications and other high-volume data use-cases,” said Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director. “We are thrilled to partner with the Nasuni team as they work to help businesses optimize their expanding and complex data needs with solutions that are fast, secure, and highly cost-effective.”

BofA Securities served as the exclusive financial advisor and Goodwin Proctor LLP served as legal advisor to Nasuni. Kirkland & Ellis LLP served as legal counsel to Vista and TCV. KKR is making the investment through its Next Generation Technology III Fund.

About Nasuni

Nasuni is a scalable data platform for enterprises facing an explosion of unstructured data in an AI world.

The Nasuni File Data Platform delivers effortless scale in hybrid cloud environments, enables control at the network edge, and meets the modern enterprise expectation for insight- and AI-ready data. It simplifies file data management while increasing storage access and performance. Its best-in-class file recovery protects customers against a range of cyber threats and eliminates the need for specialized backup and disaster recovery – all while cutting the cost of infrastructure by up to 65%.

Organizations worldwide rely on Nasuni, spanning across the manufacturing, construction, energy, consumer goods, and public sectors. Nasuni’s corporate headquarters is in Boston, Massachusetts, and the company delivers services to over 70 countries. For more information, visit www.nasuni.com.

About Vista Equity Partners

Vista is a leading global investment firm with more than $100 billion in assets under management as of December 31, 2023. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.

About TCV

For nearly thirty years, TCV has partnered with global, category-defining, technology companies as a leading growth equity investor. Leveraging its deep industry expertise and strategic resources, TCV’s mission is to provide long-term capital and support to high-quality management teams across their growth journey. Since its founding in 1995, TCV has invested over $20 billion in more than 350 technology companies worldwide and has supported over 150 IPOs and strategic acquisitions, making it one of the most active technology investors. Select investments include Airbnb, AxiomSL, Built, CCC Intelligent Solutions, Celonis, Clio, Cradlepoint, ETQ, ExactTarget, Expedia, Facebook, Fandango, Genesys Software, GoDaddy, GoFundMe, HomeAway, Miro, Netflix, Nubank, OneSourceVirtual, Prodege, Qonto, Relex, Revolut, SilverPeak, Splunk, Sportradar, Spotify, Toast, Twillio, and Zillow. TCV has a global presence in Menlo Park, New York, London and Melbourne. For more information on TCV and its investments, visit tcv.com.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing worldclass people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media Contacts

Nasuni
Kristin Concannon
kconcannon@nasuni.com
617-416-2873

Vista Equity Partners
Brian W. Steel
media@vistaequitypartners.com
212-804-9170

TCV
marketing@tcv.com

KKR
Liidia Liuksila
media@kkr.com

SOURCE Nasuni

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Rabo Investments proudly announces the investment in Hawk, a pioneer in combatting financial crime.

Rabo Investments

Hawk is a leading provider of AI-powered technology, enhancing fraud prevention and combatting anti-money laundering. Hawk’s solutions enable financial institutions to increase the effectiveness of financial crime detection and fraud prevention capabilities whilst maintaining regulatory compliance. The recent funding round will further accelerate Hawk’s international growth, as demand for AI-powered anti-financial crime technology soars. Rabo Investments is joining existing investors BlackFin Capital Partners, Sands Capital, DN, Picus and Coalition.

On Hawk

Hawk, founded in 2018, has rapidly scaled globally and currently monitors and screens billions of transactions worldwide. The company’s explainable AI approach has proven to be a game-changer in the industry, enabling financial institutions to drastically reduce false positive rates compared to traditional anti-money laundering solutions, while also detecting more unseen and novel crime. Hawk’s modular solution can either enhance or replace traditional rules-based systems with AI-powered transaction monitoring, payment screening, KYC, and fraud prevention in real-time to deliver greater accuracy and reduced noise.

Rabobank has been working with machine learning applications in FEC already for many years. What impressed us most about Hawk is that they’re delivering compelling results using explainable AI. Their advanced screening, detection and monitoring capabilities align very well with our mission at Rabo Investments Corporate Venturing to build a more secure and robust financial ecosystem. We are pleased to join Hawk as a shareholder to effectively combat global financial and economic crime.

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