Tag Archives: Information technology

DEVO announces $100 million funding round

Isai

Cloud-Native Logging and Security Analytics Leader Boosts Valuation to $2 Billion.

CAMBRIDGE, Mass—June 2, 2022—Devo Technology, the cloud-native logging and security analytics company, today announced $100 million in Series F funding at a valuation of $2 billion. Eurazeo—a leading global investment firm with over $30 billion in assets under management—led the round, and all other existing investors—Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures—also participated. Additionally, ISAI Cap Venture provided a strategic investment in the round. The round brings the total capital raised to more than $500 million. The new funding will fuel growth in new regions and verticals, accelerate Devo’s delivery of the “autonomous SOC” and fund potential new M&A expansion.

The funding round comes on the heels of Devo’s acquisition of Kognos, the AI-powered threat hunting pioneer, which marked a key step in delivering what Devo calls the autonomous SOC— complete visibility, automation, analytics, and open access to community expertise and content.

“Security teams are facing more threats than ever—regardless of industry or geography—and that challenge is compounded by the difficulty of hiring and retaining talent, a lack of visibility into the full attack surface, and the speed and scale necessary to keep up with not just growing threats, but the growth of their organizations,” said Marc van Zadelhoff, CEO of Devo. “This round of funding allows us to deliver on the autonomous SOC through continued innovation of our technology, expand to more regions to serve more customers, and consider more M&A opportunities. We’re thrilled to have instilled such confidence in our investors that they continue to support our innovation and the value we deliver to customers.”

Devo will continue to drive expansion in new verticals and geographies, particularly the public sector and the Asia-Pacific (APAC) region. In February, Devo announced it was designated as Federal Risk and Authorization Management Program’s (FedRAMP) “In-Process” and expects to reach full authorization in the fall of 2022. Devo has also seen substantial growth in the APAC region, including adding energy provider Powerco as a customer and deploying an in-region AWS environment for customers and partners.

“Devo has proven to be a disruptive force in the security analytics market and we believe in its vision to fundamentally change the way organizations secure their data,” said Guillaume d’Audiffret, Managing Director at Eurazeo, who joins the Devo Board. “It is setting a pace for innovation that will enable its customers to meet the ever-growing challenges facing security teams and we look forward to continuing our work together with Devo and fellow investors to further develop its market leadership.”

The round comes as Devo closes out an impressive fiscal year of aggressive growth, including:

  • Nearly 100% annual revenue growth;

  • Nearly 100% customer growth for the year, including Sonos, AT&T, and Unisys;

  • Achieving FedRAMP “In-Process” status, and adding public sector customers including Ivy Tech Community College and Oklahoma University;

  • Surpassing 500 employees across North America, Europe, and APAC, including 91 new hires so far in 2022;

  • Acquisition of Kognos, an AI-powered security automation innovator;

  • Launch of Devo Exchange, a community-based application marketplace for Devo customers and partners.

The funding announcement coincides with the launch of a newly established <team of security researchers and data scientists> to form Devo SciSec, led by Chief Technology Officer, Gunter Ollmann.

About Devo
Devo is the only cloud-native logging and security analytics platform that releases the full potential of your data to empower bold, confident action. With unrivaled scale to collect all of your data without compromise, speed to give you immediate access and answers, and clarity to focus on the signals that matter most, Devo is your ally in protecting your organization today and tomorrow. Headquartered in Cambridge, Massachusetts, with operations in North America, Europe and Asia-Pacific, Devo is backed by Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures, ISAI Cap Venture and Eurazeo. Learn more at www.devo.com.

Devo PR Contact
Shannon Todesca
shannon.todesca@devo.com
+1 (781) 797-0898

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Agilitas backs buy-out of NNIT’s IT infrastructure outsourcing business

Agilitas

Agilitas Private Equity LLP (“Agilitas”), the pan-European mid-market private equity firm, today announces the signing of an agreement to back the buy-out of NNIT’s IT infrastructure outsourcing business including its Hybrid Cloud Solutions business as well as select parts of its Cloud & Digital Solutions business (together “NNIT IO”). NNIT IO is a leading provider of IT infrastructure outsourcing services to some of the largest Danish private and public institutions.

NNIT traces its origin to the Novo Nordisk Group and utilises its deep roots and experience in the pharmaceutical industry to develop critical IT solutions for a broad range of industries for which quality and security are crucial. Headquartered in Copenhagen, Denmark, NNIT IO has over 25 years of experience, and specialises in managing customers’ business critical IT systems, providing full and customised outsourcing solutions including data storage, servers, networks and related advising and support services such as IT consulting services in relation to the cloud transition and cyber defence. It is one of the few Danish dedicated IT service providers able to combine the professionalism of a global player with the flexible and local approach required to serve the Danish public and private sector customers.

NNIT IO employs approximately 1,500 staff and has a well-invested asset base, including two fully owned state of the art data centres strategically located in the Copenhagen area. It has long-standing relationships with large Danish blue-chip customers within the life-science sector, financial institutions, and the private and public markets, all of whom have critical IT requirements due to operating in complex environments. NNIT IO also provides a unique service to Danish customers who wish their critical data to be kept in Denmark rather than in offshore data centres, providing a greater level of data security.

 

NNIT IO’s activities are highly resilient, with embedded long term customer relationships and significant transformational potential following the carve-out from NNIT. It serves society by supporting sustainable development in the IT industry, improving IT infrastructure, and developing innovative solutions. NNIT IO is also a sustainability pioneer with 95-100% of energy usage from renewables and very energy efficient data centres.

Kevin Iermiin, Partner of Agilitas who will be joining the board of NNIT IO following closing of the transaction, commented: “This is a pivotal moment for NNIT IO, which we believe will flourish from becoming a standalone company with a dedicated management team. It is a business of high-quality, which is a testament to the talent of its work force. We look forward to working together with the management team and investing further in the business to accelerate growth following closing of the transaction. We will work to ensure continuity, while driving innovative new products and services which will ultimately benefit NNIT IO’s customers. Agilitas has extensive experience of leading investments in Denmark, and a strong enthusiasm for the Danish IT market, having previously backed the buyouts of several Danish companies.” He continued: “The quality of the services provided by NNIT IO and the people behind them have impressed the incoming CEO Henrik Bodskov, who will be leveraging his more than 20 years’ experience in the IT sector, including CEO of IBM Denmark. Henrik will build on the existing platform and bring innovative solutions to help its customers secure and scale their IT infrastructure as they grow.”

Henrik will start as CEO of NNIT IO following closing of the transaction, as he transitions out of his current role at IBM Denmark.

Martin Calderbank, Managing Partner of Agilitas, said: “The IT infrastructure outsourcing market is growing fast, driven by strong digital transformation tailwinds. We are delighted to partner with NNIT IO, whose services are essential to maintain the operations of its public and private sector customers and to ensure the protection of their data and operations. Together with the management team, we will strive to continue to answer their critical needs with innovative and sustainable solutions.”

 

The closing of the transaction is subject to the successful completion of the carve-out and regulatory approvals.

 

Media enquiries to: Greenbrook Communications – James Madsen and Teresa Berezowski

 

+44 20 7952 2000 | agilitas@greenbrookadvisory.com

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Coralogix Closes $142M Series D Funding to Accelerate its Vision of In-Stream Data Analysis for Logs, Metrics, Tracing, and Security

Advent International

New funding round underscores high demand for harmonious, scalable, and cost-effective observability

SAN FRANCISCO / TEL AVIV — June 2, 2022 — Coralogix, a company using streaming analytics to rebuild the path to observability, today announced it has raised a $142 million Series D funding round, bringing the company’s total amount raised to $238 million. New investors Advent International (“Advent”) and Brighton Park Capital (“Brighton Park”) co-led the round with participation from Revaia and existing investors Greenfield Partners, Red Dot Capital Partners, Eyal Ofer’s O.G. Tech, StageOne Ventures, Joule Capital Partners, and Maor Investments. In connection with the funding round, Alek Ferro of Advent and Mike Gregoire of Brighton Park have joined the Coralogix board of directors.

With proceeds from this round, Coralogix will grow its go-to-market, product, and R&D teams within the Americas, EMEA, UK, and APAC. As the company expands, they are committed to continuing to offer endless data possibilities with its one-of-a-kind 24/7 in-app support and response times under one minute. This announcement reflects the evolution of Coralogix from a best-in-class log analytics platform to a full-stack observability platform with robust capabilities for metrics, tracing, and security data, in addition to logs. With data volumes and costs growing exponentially and coverage options becoming more limited, having all data insights in a centralized platform is critical for DevOps, Engineering, and Security teams.

The company’s flagship Streama© technology enables real-time insights and alerting for all observability data with no reliance on storage or indexing. In addition, the company is announcing a new distributed query engine enabling fast queries on dynamically mapped data from the customer’s remote storage. This enables customers to analyze data in-stream and then query it from their own archive. The platform changes the unit economics of observability to give customers a 40-70 percent reduction in costs while simultaneously improving their performance and data insights.

“Coralogix is an established leader in the modern observability market and is differentiated by its product, mission, and vision,” said Alek Ferro, Director at Advent. “We are confident that Coralogix’s unique data streaming architecture and analytics pipeline will continue to transform the category through its ability to provide superior monitoring coverage, insights, and results while yielding significant cost savings. We’re thrilled to partner with the Coralogix management team as they continue to build on this momentum.”

“Monitoring the applications that now orchestrate much of our economy is a critical piece of the modern software world, and Coralogix’s technology enables its customers to do this at a massive scale without incurring excessive costs or compromising performance or functionality,” said Mike Gregoire, Partner at Brighton Park and former CEO of CA Technologies. “Coralogix’s offering is incredibly powerful, and we see several opportunities to grow their functionality while preserving the highly responsive support their customers are accustomed to. We look forward to partnering with the talented team at Coralogix as they scale into the leading platform in the observability market.”

Today’s announcement comes on the heels of unprecedented growth for Coralogix. In the past year, the company has signed some of the most successful hypergrowth and enterprise customers in the US, Israel, India, and EMEA. The company also expanded into the security market with the launch of Snowbit, a cybersecurity venture focused on helping cloud-native companies comprehensively manage the security of their environments.

“Our approach at Coralogix is to solve the fundamental challenges of ever-growing data volumes and system complexity. Our technology breaks the unit economics of observability to provide our customers with a cost-effective way to centralize and scale across the R&D organization. With this round of funding, we will be expanding our offering into further markets as we continue our journey to provide harmonious observability,” said Ariel Assaraf, CEO of Coralogix.

ABOUT CORALOGIX

Coralogix is the leading in-stream observability platform, using proprietary Streama© technology to provide modern engineering teams with real-time insights and trend analysis for their data with no reliance on storage or indexing.

For more information, please visit: www.coralogix.com

 

ABOUT ADVENT INTERNATIONAL

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 390 private equity investments across 41 countries, and as of December 31, 2021, had $88 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 265 private equity investment professionals across North America, Europe, Latin America, and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

For more information, visit
Website: www.adventinternational.com
LinkedIn: www.linkedin.com/company/advent-international

 

ABOUT BRIGHTON PARK CAPITAL

Brighton Park is a Greenwich, CT-based investment firm that specializes in software, healthcare, and technology-enabled services. The firm invests in companies that provide highly innovative solutions in partnership with great management teams. Brighton Park brings purpose-built value-add capabilities that match the unique requirements of each of its companies.

For more information about Brighton Park, please visit: www.bpc.com

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VADE lands $30 million in new funding round

Isai

Latest investment from Tikehau Ace Capital, Bpifrance and Auriga Partners will propel a new chapter of company growth.

San Francisco, Calif. May 31 – Vade, an international pioneer in threat detection and response that already monitors one billion email messages worldwide, has announced that it has raised €28 million (~$30 million) from Tikehau Ace Capital, the French government, through French Tech Souveraineté, which is part of France 2030, led by the General Secretariat for Investment and operated by Bpifrance, and Auriga Partners. The company intends to proceed with a new, more substantial round of financing in the coming months.

“We invested in Vade because we believe that Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) need to have technology that can easily and effectively neutralize the latest threats,” said Francois Lavaste, Executive Director at Tikehau Ace Capital. “We welcome the sustained pace at which Vade continues to grow and have full confidence in Georges Lotigier and his team. We are confident in their ability to meet and exceed their clients’ expectations.”

The latest round of funding will further accelerate Vade’s international expansion and provide additional investment to enhance its already industry leading cybersecurity products for Internet Service Providers (ISPs), MSPs and small and medium businesses. The company also plans to put increased emphasis on developing MSSP-tailored solutions with simple, rapid installation and high efficiency.

“Demand for our products, especially in the MSP market, has been overwhelming. This latest round of funding will help us quickly onboard more channel partners in key markets like North America and Europe,” said Maya Gershon, Chief Revenue Officer at Vade.

Between remote work prompted by COVID and the conflict between Russia and Ukraine, the new investment arrives in the midst of increased stakes for business communications that need to stay secure both internally and externally. In fact, a report by Market Research Future (MRFR) projects that the email security market will be worth $6.8 billion by 2025.

Vade has become a global cybersecurity SaaS leader, recognized by G2 as a leader in email security and cloud email security. The company has experienced over 100% growth in its flagship product, Vade for M365, an email security product that is purpose built for MSPs. The company has also grown to almost 200 employees and anticipates growing its staffing by another 80 employees by the end of this calendar year.

“Vade has experienced tremendous growth and with remote work becoming commonplace, even after the pandemic, cybersecurity is at the top of most companies’ priority list,” said Georges Lotigier, CEO of Vade. “We have built a highly profitable company in a competitive market, largely due to our constant innovation and anticipating the unexpected. This latest funding round will help us realize our ambitious plans to significantly grow in markets like North America and Asia.”

“The fight against cyber threats is a strong strategic challenge that Vade has mastered. This operation must now allow to accelerate the protection of companies and citizens, increasingly targeted in the current context. This is why Bpifrance supports this operation”, adds Emmanuel Audouard from Bpifrance.

“We were attracted by the extreme quality of the team, which has been able to implement a strategy over the past few years that has enabled it to deploy a highly effective business model combining strong growth and profitability. We are convinced that Vade has all the fundamentals to become a world-class player,” said Jacques Chatain, CEO at Auriga Partners.

About Vade

Vade is a global cybersecurity company specializing in the development of threat detection and response technology with artificial intelligence. Vade’s products and solutions protect consumers, businesses, and organizations from email-borne cyberattacks, including malware/ransomware, spear phishing/business email compromise, and phishing. Founded in 2009, Vade protects more than 1 billion corporate and consumer mailboxes and serves the ISP, SMB, and MSP markets with award-winning products and solutions that help increase cybersecurity and maximize IT efficiency.
To learn more, please visit www.vadesecure.com or LinkedIn https://www.linkedin.com/company/vade-secure/.

Media Contact

Merritt Group for Vade :
Ashley Long long@merrittgrp.com

Bpifrance :
Nathalie Police – Nathalie.police@bpifrance.fr – + 33 1 41 79 95 26

France 2030 et le SGPI :
Marion Dos Reis Silva : presse.sgpi@pm.gouv.fr +33 1 42 75 64 58

Tikehau Ace Capital:
Audrey Hood – ahood@tikehau-ace.capital – +33 1 73 313 010
Image 7 : Florence Coupry fcoupry@image7.fr / Juliette Mouraret jmouraret@image7.fr – +33 1 53 70 74 70 / Charlotte Le Barbier clebarbier@image7.fr – +33 6 78 37 27 6

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IK Partners to sell Bahr Modultechnik to IMI

IK Partners

IK Partners (“IK”) is pleased to announce that the IK Small Cap II Fund (“IK SC II”) has reached an agreement to sell its stake in Bahr Modultechnik (“Bahr” or “the Company”) to IMI plc (“IMI”).

Bahr is a leading manufacturer of modular positioning systems, used in a wide range of process automation applications.

Founded in 1990 by the brothers Frank and Dirk Bahr in Luhden, Germany, the Company focuses on delivering individual solutions based on a sophisticated portfolio of customisable and technologically leading products. Accurate and robust positioning systems are required in a wide variety of high-growth markets in relation to automation, including pharma production, packaging and labelling, as well as warehouses, factories and other specialised applications. The Company has approximately 80 employees and its unique linear positioning systems are sold in more than 24 countries around the globe.

IK invested in Bahr in May 2018 and, since then, the Company has focused on organic top-line growth, strengthening its sales capabilities and team. A modern CRM system was rolled out to support this and provides full transparency of sales performance. In addition, the Company reinforced its commercial leadership by developing a strategic approach to sales through the optimisation of reporting structures and processes, together with clear roles and responsibilities of team members defined. With further product developments targeted at niche applications, Bahr is well placed to continue its accelerated growth path.

Dirk Bahr, Founder and Co-CEO of Bahr, commented: “We are delighted to have enjoyed a successful partnership with IK, which has seen Bahr grow significantly in a short space of time. Having strengthened our sales team and developed our digital marketing capabilities, we look forward to entering the next phase of growth with IMI by our side.”

Cihan Halavurt, Co-CEO of Bahr, added: “Over the past few years, IK has introduced added-value initiatives to the Company through the optimisation of several key processes, specifically with regards to sales and marketing. With their help, we have professionalised our go-to-market approach and are now equipped with the right tools and data that allow us to continue growing in both a profitable and sustainable way. With IMI, we have found the ideal partner and can leverage both companies’ products and customer networks at a global scale with immediate effect.”

Nils Pohlmann, Partner at IK and Advisor to the IK SC II Fund, added: “It has been a pleasure working with the team at Bahr for the past four years. The business has a very sophisticated product portfolio and we are proud to have supported the Company on their journey of becoming a more robust, customer-centric organisation, especially with regards to the bolstering of their salesforce and related capabilities. We wish them well as they continue with a new partner.”

Roy Twite, CEO at IMI, said: “We are truly impressed with Bahr’s leadership and its record of consistent growth. Their unique modular system, coupled with their customer-centric approach and ability to engineer application-specific solutions, aligns nicely with our own business model. We are therefore excited for Dirk, Cihan and the team to join us. Together we will be able to offer customers across the world solutions to their automation requirements.”

For further questions, please contact:
IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

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Hg agrees the sale of itm8 to Axcel

HG Capital

Together Hg and itm8 have more than doubled the size of the business, creating a leading SME technology provider in Europe.

Herning, Denmark and London, United Kingdom. 18 May 2022. Hg, a leading software and services investor, today announces that it has agreed the sale of itm8, a leading supplier of IT services for private businesses and the public sector in Europe, to Axcel, a Nordic private equity fund.

Today itm8 has a team of more than 1,100 IT experts, supporting more than 4,200 customers within four business-critical areas: Cloud Services, Digital Transformation, Application Services and Cyber Security.

itm8 (formerly IT Relation) has more than doubled in size since Hg first invested in 2018, as measured by revenues, employees and the size of its customer base.

Hg’s focus and expertise in the SME Technology Services sector in Europe has supported itm8’s growth by identifying and implementing several strategic initiatives. These include supporting the acquisition of 13 businesses to the group, all significantly adding to itm8’s customer offering, enabling itm8 to complete an end-to-end offering to serve larger customers more effectively.

“Hg have been a valued partner who, with their extensive knowledge within IT services, have contributed to the scaling and professionalisation of our fast-growing company. It has been a great pleasure to work with the whole team. We wish the team all the best for the future.”

Henrik Kastbjerg, CEO of itm8

“We wish the itm8 team well after what has been a truly effective and enjoyable partnership. For many years we had seen a clear opportunity to develop a high quality, single scale provider which could deliver a wide set of services to SMEs in the cloud. Henrik and his team had built an exceptional business to do this and there was a clear opportunity to scale. It’s been hugely satisfying to achieve this, and we are delighted that the business will continue to thrive with a new strategic partner.”

Nick Jordan, Partner at Hg

Hg’s investment in itm8 was consistent with Hg’s focus on SME Technology Services in Europe, with other activity in this sector including investments in Zitcom (2015), Register (2017) and team.blue (2019), all providers of online hosting services to SMEs.

The terms of the transaction have not been disclosed and completion is subject to customary closing conditions.

Hg media contact 
Tom.Eckersley@hgcapital.com
+44 208 148 5401

Azadeh Varzi (Brunswick)
hg@brunswickgroup.com
+44 207 404 5959

About itm8
itm8 is a leading Danish supplier of managed IT services for private businesses and the public sector. itm8 is represented at 19 locations in Denmark, Sweden, the Philippines and the Czech Republic. The group focuses on four business areas in Denmark; Cloud Services/IT Operations, Digital Transformation, Application Services and Cyber Security. Following its recent acquisitions, itm8’s annual revenue has grown to DKK 1.6bn and the group employs 1100+ people within the brands IT Relation, Progressive, Mentor IT, Sotea, Cloud Teams, Miracle42, Emineo, Copenhagen Software and Improsec. www.itm8.com

About Hg 
Hg is a platform for software and services champions, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses.

Hg has funds under management of over $40 billion, with an investment team of over 160 professionals, including a portfolio team of almost 50 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 45 software and technology businesses, worth over $100 billion aggregate enterprise value, with over 55,000 employees globally, growing at over 20% per year.

Visit www.hgcapital.com for more information and sign up to the Hg Newsletter to stay up to date with Hg and portfolio news.

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JAVELO joins forceswith Sympa and Recruittee to lead the way in performance management

Isai

The acquisition of Javelo further strengthens PSG’s HR tech platform already constituted of Sympa and Recruitee. The platform offers leading products in the three key HR software pillars: Recruitment, Core HR and Performance Management

Javelo, a leader in the performance management and employee engagement space based in Paris, announces that it has received growth investment from PSG Equity (“PSG”). PSG is a growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth and build scale across Europe and the U.S. Javelo will join forces with PSG-backed Sympa and Recruitee to deliver tools for HR leaders at the forefront of digitizing their teams.

Headquartered in Paris, Javelo, which was founded by Anne-Sophie Vasseur, David Guillermain, Guillaume Berthault and Gautier Machelon, has developed a robust performance management platform to help businesses develop a strong feedback culture. Javelo has since become an innovator in the European performance management space, offering a wide spectrum of tools from evaluation and appraisal to employee engagement, 360-degree feedback, objective tracking, and employee surveys. Today, Javelo has three offices and counts companies such as Transavia, Protectas, Domino’s Pizza, and Manpower among its customers.

Together, Javelo, Sympa, and Recruitee will aim to provide a portfolio of leading software tools for HR teams in small, medium-sized and larger businesses across strategic HR, people management, employee engagement, recruitment, and performance management. With over 6,000 customers collectively across Europe, the UK, and the U.S., and with over 400 employees, each business aspires to develop solutions for innovative HR leaders. Notable brands such as Red Bull Media House, Breitling, BMW, and TNT have engaged Javelo, Sympa, and Recruitee to help them to acquire high quality talent, safeguard employee data, and empower teams to make better strategic decisions.

Anne-Sophie Vasseur, CEO and co-founder of Javelo, commented: “Javelo joining forces with Sympa and Recruitee marks the beginning of an exciting chapter. We believe that PSG’s investment validates the potential of our platform and our team in the market. Additionally, it is our view that the collaboration with Sympa and Recruitee augments our existing geographic reach and product focus, and will allow us to continue delivering top results for our customers through cutting-edge HR tools.”

Edward Hughes, Managing Director of PSG, stated: “Congratulations to the team at Javelo for the product and team they have built. There continues to be tremendous opportunity in the HR software vertical, and we are excited to support Javelo, Sympa, and Recruitee on their journey.”

About Javelo

With offices in Paris, Marseille, and Barcelona, Javelo is a SaaS platform for HR performance management. Javelo supports innovative HR leaders in digitizing appraisal practices, which often make HR management unwieldy and do little to inspire people. The company provides a simple, intuitive platform that aims to help HR departments optimise the evaluation process and involve everyone in more collaborative management milestones that power performance and foster engagement. javelo.io

About Sympa

Headquartered in Finland, Sympa is one of the fast-growing HR vendors in Europe and a leader in the Nordics. With recognized brands such as BMW, Dustin, and Byggmax among its customers, Sympa’s digital solution aims to let HR leaders optimise every step of the employment journey through more streamlined HR processes, nurturing and development paths, and data-driven strategic decision-making. sympa.com

About Recruitee

Headquartered in Amsterdam, Recruitee is a cloud-based ATS solutions provider. The company’s digital software is built for teams to hire better, together. Their solutions cover job board integrations, talent sourcing, applicant tracking, pipeline automation, scheduling automation, and advanced hiring analytics. Since its inception in 2015, Recruitee has grown to service more than 5,000 customers from over 75 countries, a majority of which are from the company’s core markets of Benelux, DACH, the UK and the U.S. www.recruitee.com

About PSG

PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 100 companies and facilitated over 400 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid and Tel-Aviv. To learn more about PSG, visit www.psgequity.com.


Press Contact Javelo : Paul Baratte & Gauthier Chatelain – contact@javelo.io

Press Contact Sympa : Jennifer Bailey – jennifer.bailey@sympa.com

Press Contact Recruitee : Anne Smink – anne.smink@recruitee.com

Press Contact PSG : Prosek Partners – Ryan Smith – rsmith@prosek.com – +44 785 475 0943

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Carlyle to Acquire ManTech in All-Cash Transaction Valued at Approximately $4.2 Billion

Carlyle

ManTech shareholders to receive $96.00 in cash per share

HERNDON, Va., May 16, 2022 – ManTech International Corporation (Nasdaq: MANT) (“ManTech” or the “Company”), a leading provider of innovative technologies and solutions for mission-critical national security programs, today announced that it has entered into a definitive agreement to be acquired by funds managed by global investment firm Carlyle (NASDAQ: CG) in an all-cash transaction with a total enterprise value of approximately $4.2 billion.

Under the terms of the transaction, ManTech shareholders will receive $96.00 per share in cash, which represents a 32% premium to ManTech’s unaffected closing share price of $72.82 on February 2, 2022, the last trading day prior to published media reports regarding a potential strategic process for the Company, and a 17% premium to the closing stock price of $81.97 on May 13, 2022.

“We have always admired ManTech’s unwavering commitment to support national security customers and their critical missions through differentiated capabilities and technology solutions. ManTech’s talented employees and leadership team have built a remarkable Company with strong market positions across the federal government,” said Dayne Baird, a Managing Director on Carlyle’s Aerospace & Government Services team. “Through this partnership, we look forward to leveraging our sector expertise and resources to accelerate growth and innovation and to drive greater value for customers and employees.”

“This announcement is an important milestone for ManTech and a testament to our growth and the leadership position we have built since our founding by George Pedersen more than 50 years ago,” said ManTech Chairman, Chief Executive Officer and President Kevin M. Phillips. “Following a comprehensive review of strategic alternatives, our Board determined that this transaction is in the best interest of our shareholders and provides them with the most compelling value maximization outcome, offering liquidity at a significant premium. We look forward to leveraging Carlyle’s deep knowledge and experience investing in and growing companies, as we deliver stronger outcomes for our customers and increased opportunities for our employees.”

Transaction Details

The transaction was unanimously approved by ManTech’s Board of Directors, which recommends that ManTech shareholders vote in favor of the transaction. The transaction is expected to close in the second half of calendar 2022, subject to approval by ManTech shareholders, receipt of regulatory approvals and other customary closing conditions.

Stockholders holding shares of common stock representing 49.2% of the current outstanding voting power of the ManTech common stock have entered into a voting agreement pursuant to which they have agreed, among other things, to vote their shares of common stock in favor of the transaction, subject to certain conditions.

Advisors
Goldman Sachs & Co. LLC is serving as exclusive financial advisor and King & Spalding LLP is serving as legal counsel to ManTech in connection with the transaction.

Robert W. Baird & Co. is serving as financial advisor and Latham & Watkins LLP is serving as legal advisor to Carlyle in connection with the transaction.

About ManTech International Corporation
ManTech provides mission-focused technology solutions and services for U.S. defense, intelligence and federal civilian agencies. In business for more than 53 years, we excel in full-spectrum cyber, data collection & analytics, enterprise IT, systems engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at www.mantech.com.

About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $325 billion of assets under management as of March 31, 2022, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs nearly 1,900 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

Additional Information about the Acquisition and Where to Find It
This communication is being made in respect of the proposed transaction involving ManTech International Corporation (“ManTech”) and Carlyle. A meeting of the stockholders of ManTech will be announced as promptly as practicable to seek stockholder approval in connection with the proposed Merger. ManTech expects to file with the Securities and Exchange Commission (“SEC”) a proxy statement and other relevant documents in connection with the proposed Merger. The definitive proxy statement will be sent or given to the stockholders of ManTech and will contain important information about the proposed Merger and related matters. STOCKHOLDERS OF MANTECH ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT MANTECH AND THE MERGER. Investors may obtain a free copy of these materials (when they are available) and other documents filed by ManTech with the SEC at the SEC’s website at www.sec.gov.

ManTech and certain of its directors, executive officers and other members of management and employees may be deemed to be participants in soliciting proxies from its stockholders in connection with the Merger. Information regarding the persons who may, under the rules of the SEC, be considered to be participants in the solicitation of ManTech’s stockholders in connection with the proposed transaction will be set forth in ManTech’s definitive proxy statement for its stockholder meeting at which the proposed transaction will be submitted for approval by ManTech’s stockholders. You may also find additional information about ManTech’s directors and executive officers in ManTech’s definitive proxy statement for its 2022 Annual Meeting of Stockholders, which was filed with the SEC on April 29, 2022, and in subsequently filed Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains certain forward-looking statements concerning ManTech and the proposed transaction between ManTech and Carlyle. All statements other than statements of fact, including information concerning future results, are forward-looking statements. These forward-looking statements are generally identified by the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “could” or similar expressions. Such forward-looking statements include, but are not limited to, the inability to obtain required regulatory approvals or satisfy other conditions to the closing of the proposed transaction; unexpected costs, liabilities or delays in connection with the proposed transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction; the significant transaction costs associated with the proposed transaction and other risks that may imperil the consummation of the proposed transaction, which may result in the transaction not being consummated within the expected time period or at all; negative effects of the announcement, pendency or consummation of the transaction on the market price of ManTech’s common stock or operating results, including as a result of changes in key customer, supplier, employee or other business relationships; the risk of litigation or regulatory actions; the inability of ManTech to retain and hire key personnel; the risk that certain contractual restrictions contained in the business combination agreement during the pendency of the proposed transaction could adversely affect ManTech’s ability to pursue business opportunities or strategic transactions; and failure to maintain ManTech’s relationship with the U.S. government, or the failure to compete effectively for new contract awards or to retain existing U.S. government contracts during the pendency of the transaction.

Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties that may cause actual results to differ materially from those expressed in or implied by such forward-looking statements. Given these risks and uncertainties, persons reading this communication are cautioned not to place undue reliance on such forward-looking statements. ManTech assumes no obligation to update or revise the information contained in this communication (whether as a result of new information, future events or otherwise), except as required by applicable law.

Contacts:

ManTech Investor Relations 
Stephen Vather
VP, M&A and Investor Relations
(703) 218-6093
Stephen.Vather@ManTech.com

ManTech Media
Sheila Blackwell
VP, Enterprise Marketing & Communications
(301) 717-7345
Sheila.Blackwell@ManTech.com

Carlyle
Brittany Berliner
(202) 813-4839
Brittany.Berliner@Carlyle.com

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ARIANEE’S raises €20M series A, led by Tiger Global

Isai

Arianee, the leading web3 solutions platform for brands, today announced that it has raised its €20M Series A funding round led by Tiger Global. BPI, ISAI, Cygni Labs and Noia Capital, Arianee’s existing investors, have renewed their support by participating in this second round. They are joined by Commerce Venture and Motier Ventures.

Web3 is a unique opportunity for companies and individuals to regain control over their digital presence, especially their data. It’s the time for businesses to free themselves from the dependency on big platforms and lead new usage and innovation.

Since 2018, Arianee’s ambition has been to disrupt CRM by leveraging web3 technologies. Its mission is to provide businesses with simple solutions to build direct-to-consumer relationships, respectful of user data, and independent from big tech platforms.

Arianee is an end to end web3 solution built to create, distribute and interact with NFTs. The platform and products enable brands to tokenize, distribute and leverage value through NFTs.

The range of technological solutions developed by Arianee has enabled the startup to become a globally recognized reference. Arianee’s platform, built on its open source protocol, is used in a wide range of industries and by major brands such as Printemps, Breitling, Groupe Casino, Vacheron Constantin, Paris Fashion Week, Panerai and IWC. Its SaaS platform allows brands to create enriched NFTs packed with exclusive and unique features (Airdrop claim, CRM, time-stamping, transparency, AR, metaverse deployment, etc) and distribute them to all kinds of audiences, crypto native or not, with seamless consumer journeys, from physical to digital redeem, from claim to drop, free to auction. Its architecture has been built to fit the integration needs of enterprises’ information systems and its end user interface solutions are designed to be fully embedded within each brand’s user journeys with white label and SDK options.

Since 2000, the retail and distribution sectors have undergone unprecedented changes with new practices emerging. The digitization of customer relations, the circular economy, transparency, traceability and responsible consumption have become key issues for today’s consumers.

The emergence of new distribution channels has reinforced this strong trend: besides the traditional physical and digital channels used by brands to establish and maintain the relationships with their customers, new immersive channels in the metaverse are now added. Web3 is considered one of the biggest opportunities for brands since the creation of the Internet. With Arianee’s solutions, they can build their token and wallet real estate and create paths for their communities to move seamlessly from one world to another, from physical to digital to immersive.

The company, whose staff has tripled since its last funding round in March 2021, currently has more than 50 clients and partners (including IBM and the metaverse The Sandbox) in Europe and North America. With this new round of financing, Arianee is looking to accelerate its international presence by growing its New York office, recruiting new talent and continuing the development of its products and services.

Pierre-Nicolas Hurstel, CEO & co-founder of Arianee adds: “We are thrilled to welcome one of the most influential global investors to our journey and to see our historical partners continue to back us. The structure of the investment in both equity & $ARIA20 token shows how a diverse global range of investors, from BPI to Tiger Global, is willing to invest on open source and SaaS web3 solutions. Web3 is eating the world and we believe brands can leverage this revolution to regain control of their digital presence. We also want to build for each and every user and not just for a minority. This requires robust and seamless tools and interfaces allowing communities to move from one world to another, from physical to digital to immersive.”

Griffin Schroder, Tiger Global said: “As a web3 pioneer, Arianee has developed innovative solutions that are reinventing customer relationship management. We are excited to support Arianee’s development and believe they are well positioned to become a leading global web3 solution for brands.”

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Peak Rock Capital affiliate completes acquisition of Mojix

Peak Rock Capital

Austin, Texas, May 10, 2022 – An affiliate of Peak Rock Capital (“Peak Rock”), a leading middlemarket
private investment firm, announced today that it has completed the acquisition of Mojix Inc.
(“Mojix” or the “Company”), a leading supply chain SaaS platform.
Mojix’s item-level inventory management and traceability solutions are used by leading food &
beverage, luxury brand, manufacturing, industrial, aerospace & defense, and retail clients across the
globe. Founded in 2004 and with offices in the United States, Europe, and South America, Mojix
provides a cloud-based platform for modernizing inventory and asset management to facilitate
omnichannel order fulfillment, increase operational efficiency, improve inventory accuracy, and
enhance the customer experience.

Pete Leibman, Managing Director at Peak Rock, said, “Our investment in Mojix will provide
significant growth capital to accelerate the Company’s product roadmap and pursue organic growth
and strategic acquisitions. Mojix’s track record as a leading item-level inventory management software
platform is impressive and we look forward to partnering with management to expand the Company’s
technology capabilities, geographic footprint, and core industry verticals.”

Dan Doles, CEO of Mojix, commented, “We are excited to partner with Peak Rock as we embark on
our next phase of growth. Peak Rock has a deep understanding of our customers’ use cases and our
technology capabilities, as well as a compelling track record of supporting companies and management
teams in driving innovation and building leading software platforms. We look forward to our
partnership, which will position the Company to accelerate its rapid growth by expanding our team,
supporting our traceability capabilities, and better serving our customers.”
“This transaction exemplifies Peak Rock’s commitment to invest in high growth software platforms.
Our investment in Mojix is also an important example of our broader focus on investing in wellpositioned
technology businesses serving durable, growing end markets. We look forward to
supporting the Mojix team in their next phase of growth.” added Anthony DiSimone, Chief Executive
Officer of Peak Rock.

ABOUT MOJIX
Mojix is a global leader in item-level supply chain intelligence software. The firm is leading the way in
item-level traceability solutions utilizing its high security, globally scalable cloud-hosted SaaS platform.
Mojix builds business intelligence from event-triggered actions tracking billions of unique identities,
following item lifecycles from source to shelf. Companies can leverage the seamlessly integrated data
to increase their sales and operational efficiency, reduce major risks and enhance their customer
experience. With offices across the United States, Europe and South America, Mojix is now a
recognized expert in end-to-end, item-level track and trace, product authentication and automated
inventory management. Learn more at www.mojix.com

ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt
investments in companies in North America and Europe. Peak Rock’s equity investment platform
focuses on opportunities where it can support senior management to drive rapid growth and
performance improvement, with expertise in corporate carve-outs and partnering with families and
founders seeking first-time institutional capital. Peak Rock’s credit platform invests across capital
structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and
growth-oriented businesses. Peak Rock’s real estate platform makes equity and debt investments in
small to mid-sized real estate assets in attractive, growing geographies. For further information about
Peak Rock Capital, please visit www.peakrockcapital.com.

Media Contact:
Daniel Yunger
Kekst CNC
(212) 521-4800
daniel.yunger@kekstcnc.com

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