Tag Archives: Information technology

TFS enters partnership in the US with the Duke Clinical Research Institute

Ratos

2020-09-29

TFS has entered into a strategic partnership with the Duke Clinical Research Institute (DCRI) in North Carolina, US, to provide data management solutions in clinical trials.

The unique collaboration expands TFS’s capability to execute clinical trials for both commercial and government sponsors in the U.S. It supports the company’s growth strategy and further develops its scientific offering. Duke Clinical Research Institute is a world-renowned research institute, recognized for bringing innovation to clinical trial design and execution.

“DCRI is known for ushering in new and innovative approaches to clinical research, and TFS is a leader in providing quality clinical development services through operational excellence and a customer-centric approach. TFS data management solutions ensure quality data services while it continues to push boundaries in study design and management as part of our shared mission to serve patients throughout the world,” says Bassem Saleh, TFS Chief Executive Officer.

“The partnership with Duke Clinical Research Institute is a strategic step toward expanding TFS’ service offering in North America and it opens up doors for further collaboration. TFS provides tailored solutions and is well-positioned to manage complex global studies. The recent agreement strengthens our US presence, while leveraging the European capabilities,” says Joakim Twetman, Head of Business Area Industry at Ratos.

For further information, please contact:
Joakim Twetman, Head of Business Area Industry, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98, helene.gustafsson@ratos.se

About TFS:
TFS is a global, mid-sized, clinical contract research organisation (CRO) that supports biotech companies through the entire clinical development process. TFS focuses its scientific and medical competence across a broad therapeutic spectrum, with industry-leading capabilities in dermatology, oncology and ophthalmology. TFS has two business Areas: Clinical Development Services (CDS), which offers clinical trials for small pharmaceutical companies during the development process, and Strategic Resourcing Solutions (SRS), which offers resource solutions featuring clinical professionals and targeting major pharmaceutical companies. Over the past five years, TFS has been involved in approximately 1,100 studies in 40 countries across Europe and North America.

About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer & Technology and Industry. In total, the companies have SEK 38 billion in sales and EBITA of SEK 1.8 billion. Our business concept is to develop mid-sized companies headquartered in the Nordics that are or can become market leaders. We enable independent mid-sized companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.

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Our investment in QuestDB – the ‘Usain Bolt’ of databases

Seedcamp

Open up your weather app, log into your financial trading platform, or turn the dial on your smart home thermometer and you will produce one of the fastest-growing data types in the world: time-series.

Machines, devices, and sensors create trillions of these time-stamped events around the clock. Although the value of big data has become ubiquitous, managing the quantity of data is a significant challenge for companies. Existing costly databases lack performance to capture and make sense of it all in a cost-effective manner.

Enter: QuestDB.

Founded by Vlad Ilyushchenko, Tancrede Collard, and Nicolas Hourcard, QuestDB is a fast, open-source database for time-series data. Built from scratch with speed and efficiency as a priority, QuestDB puts the data as close to the hardware as possible. This ensures that machine resources are utilised to the fullest extent. Proximity to hardware allows companies to capture and analyse explosive amounts of data without spiraling costs.

At Seedcamp, we like to think of QuestDB as the Usain Bolt of databases. This is why we are thrilled to congratulate them on their $2.3 million seed round, led by Episode 1 Ventures, 7 percent Ventures, Y Combinator, Kima Ventures and several angels.

A preview of QuestDB’s user interface

QuestDB’s roots can be traced back to Vlad’s kitchen table. Having spent decades building low-latency software at leading banks and trading firms, Vlad began developing the open-source version of the software. In 2018, while working at the fintech startup Blockchain.com, his passion project caught the attention of his co-workers and, now co-founders, Tancrede and Nicolas.

Today, the team is laser-focused on building QuestDB from the ground-up to avoid making similar mistakes seen within the database ecosystem.

In the past, “powerful hardware led programmers to neglect software efficiency,” Nicolas commented. “So far, throwing more hardware to mitigate bloated software has been typical. As Moore’s law comes to an end, we believe that the solution is to write lean and efficient code from the start. This is the premise of QuestDB and the reason we have written the entire stack ourselves, without any dependencies and fitting all the codebase in the smallest possible package.”

Currently, QuestDB is in production at several companies. The team is planning on using the round to build out an open-source community and develop an enterprise product.

“From DevOps metrics to data from IoT devices to stock prices, the need for real time data streaming is growing exponentially and this makes time series databases hugely  in-demand.” Sia Houchangnia, one of our investment partners, comments. “When we met Vlad, Nic and Tanc, what truly impressed us was the complementarity of their skillsets, their deep expertise in low-latency trading systems and the years of R&D that had already gone into building from scratch a 10x better product. The team has indeed achieved the feat of combining best in class performance with an ultra-low footprint, while maintaining minimal complexity by using SQL rather than a bespoke language.”

While still in its early days, QuestDB’s vision to build the fastest time-series database on an open-source community base is promising.

“At Seedcamp, we are also big believers in the fact that open source software is eating the world of enterprise software,” Houchangnia reflects upon. “We are therefore very excited to see that QuestDB has not only built an exceptional product but is also nurturing a vibrant open-source community.”

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Orion Advisor Solutions and Brinker Capital Complete Merger, Leapfrogging Competitors With 10,000-plus Active Advisors on Combined TAMP

TA associates

Support from financial partners Genstar and TA Associates fuels the creation of a fully integrated, tech-enabled advisor-client journey

OMAHA, Neb. & BERWYN, Pa.–(BUSINESS WIRE)–Today, Orion Advisor Solutions (Orion) and Brinker Capital announce the closing of their merger, unifying the industry’s foremost technology provider for fiduciary advisors with the largest privately held turnkey asset management platform (TAMP).

What’s next for Orion and @BrinkerCapital? You won’t have to wait long to see how our combined strengths help advisors drive growth through client satisfaction

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Orion, architect of the tech-enabled fiduciary process that empowers the advisor-client journey by enabling advisors to Prospect, Plan, Invest, and Achieve within a single, connected experience; and Brinker Capital, a highly respected investment management company serving the needs of advisors at insurance and independent broker-dealers; now form an industry-leading organization based on both companies’ long-standing reputations of innovation and industry disruption.

The union of Orion and Brinker Capital, first announced in June, will massively extend the scale and capabilities of the combined firm. The newly unified TAMP will grow to $44 billion in assets, providing more than 10,000 active investment advisor representatives with access to investment strategies from seasoned, in-house portfolio managers, as well as vetted third party strategist partners. With Orion’s technology currently supporting 2,100 firms representing $1.3 trillion in assets under administration, the number of accounts serviced by the newly combined firm will exceed 3.9 million across tech and TAMP.

Orion’s Eric Clarke will lead as CEO of the combined business while Noreen D. Beaman will become the president of Brinker Capital Investments, fusing Brinker Capital’s in-house investment management resources with those of CLS Investments. Chuck Widger, executive chairman and founder of Brinker Capital, will remain an investor and strategic advisor for the combined business.

“With the merger of Orion and Brinker Capital, we are able to capture the momentum created by the increasing connectivity of technology and fiduciary advice, and channel it into the pursuit of a transformative advisor-client journey,” said Clarke and Beaman in a joint statement. “As our companies continue to grow together, our complementary strengths will drive the entire fiduciary process with planning tools, guided or open-architecture investment solutions, and behavioral insights; powering organic advisor growth through client satisfaction.”

Cultural compatibility and the alignment of vision between Orion and Brinker Capital have allowed the companies to complete their merger with speed and ease rarely seen in the financial services industry. Advisors will begin to see the results of this collaboration within weeks, not months. Starting in October, Brinker Capital’s series of dynamic multi-asset risk-based portfolios will be made available through Orion Portfolio Solutions, Orion’s open architecture investment management platform, and through the Orion Communities model marketplace.

Brinker Capital’s Wealth Advisory high-net-worth offering will be made available to Orion advisors in early 2021. Around the same time, Brinker Capital’s clients will gain access to Orion’s technology, helping them foster stronger advisor-client relationships with integrated tools like Market*r, Orion’s automated prospecting and marketing campaign builder; Orion Planning, which guides the creation of engaging and immediately actionable financial plans; and new proposal generation technology that ties investment proposals directly to investors’ specific needs and incorporates behavioral investing tendencies to keep advisors apprised of potential investor reactions to market events.

“The culmination of the deal between Orion and Brinker Capital speaks to the strength and longevity of both companies,” said Tony Salewski, managing director of Genstar Capital, a San Francisco-based private equity firm that has invested in the combined business alongside TA Associates, Orion’s existing private equity partner.

“It has been gratifying to play a part in the closing of this merger,” Salewski said. “It takes resilience and adaptability for financial services firms to thrive against the headwinds of a global pandemic and market uncertainty. Orion and Brinker Capital stand out in terms of their aligned vision, and have wasted no time magnifying their shared strengths. We look forward to seeing their next steps together as a unified force in the marketplace.”

Roy Burns, managing director of TA Associates and a member of Orion’s board of directors, said the merger will continue to propel Orion beyond its roots as a provider of portfolio management technology for RIAs. “Orion has a strong history of strategic growth through powerful partnerships. Combining their legacy of agility and forward-thinking innovation with Brinker Capital’s deep investment management capabilities creates a company in a category of its own. We are thrilled to be part of what we believe will be an unstoppable trajectory to much greater success.”

To learn more about the new capabilities and resources available to advisor clients of Orion and Brinker Capital, visit our website.

About Orion Advisor Solutions

Orion Advisor Solutions is the premier provider of the tech-enabled fiduciary process that transforms the advisor-client relationship by enabling financial advisors to Prospect, Plan, Invest, and Achieve within a single, connected, technology-driven experience. Combined, our brand entities, Orion Advisor Tech, Orion Portfolio Solutions, and CLS Investments, create a complete yet modular offering that empowers firms to seamlessly attract new clients; connect goals more meaningfully to investment strategies and outcomes; and ultimately track progress toward each investor’s unique definition of financial success. As a result, Orion supports more than 2,100 advisory firms with $1.3 trillion in assets under administration and an additional $44 billion of combined assets (Orion Portfolio Solutions and Brinker Capital) on the open architecture TAMP, making Orion the platform of choice for all growth-focused advisory firms looking to strengthen their client relationships, gain a competitive edge in a crowded marketplace, and build strong, profitable businesses. Learn more at www.orion.com.

About Brinker Capital

Brinker Capital is an investment management company with $26 billion in assets under management (as of August 19, 2020). For over 30 years, Brinker Capital’s purpose has been to deliver an institutional multi-asset class investment experience to individual clients. Brinker Capital’s highly strategic, disciplined approach has provided investors the potential to achieve their long-term goals while controlling risk. With a focus on wealth creation and management, Brinker Capital serves financial advisors and their clients by providing high-quality investment manager due diligence, asset allocation, portfolio construction, and client communication services. Brinker Capital Investments, LLC, is a registered investment advisor.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $19 billion of assets under management and targets investments focused on targeted segments of the financial services, healthcare, industrial, and software industries. Genstar’s current and former portfolio companies in the investment management sector include Apex Group, AssetMark, Artivest, Ascensus, Cetera Financial Group, ISS and Mercer Advisors.

About TA Associates

TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high-quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 90 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

Contacts

Company Contact:
KELLY WALTRICH
Chief Marketing Officer, Orion
402.896.7406
kelly@orion.com

Media Contacts:
JIMMY MOOCK
Gregory FCA for Orion
610.348.7849
jimmy@gregoryfca.com
orion@gregoryfca.com

MICHELE STEINMETZ
Director, Public Relations and Social Media, Brinker Capital
215.817.5610
msteinmetz@brinkercapital.com

CHRIS TOFALLI
Chris Tofalli Public Relations, LLC for Genstar Capital
914.834.4334
chris@tofallipr.com

MARCIA O’CARROLL
Director of Marketing, TA Associates
617.852.1345
mocarroll@ta.com

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C5 Further Invests in Ionir to Usher in New Era of Data Democratization

C5 Capital

Today, we announce C5 Capital’s investment in Ionir. The Ionir container native storage and data management platform for Kubernetes and clouds, enables customers to instantly transport data volumes at scale between clouds. We were delighted to participate in the $11 million round led by Jerusalem Venture Partners.

Our new commitment follows C5’s initial investment in 2017, and underlines our confidence in the Ionir leadership team to realise a revolutionary new capability in data mobility. Ionir has created a formidable business, and their technology is fundamental to enabling multi-datacenter, hybrid cloud, and multi-cloud strategies.

At C5 Capital, we seek to invest in companies that not only show tremendous growth and promise, but are fulfilling a core need in the market. In addition to our investment we provide these companies with access to our global network of expertise, helping to power their international growth.

Ionir is ideally placed to support its customers in these challenging times where the pandemic has uprooted millions of companies and organisations of all sizes from the confines of their physical office space to conducting operations virtually.  The shift to enable working from home has brought a new set of data management hurdles, and added complexity to storing information across multiple environments. We have witnessed accelerated digital transformation and cloud adoption yet unseen, as companies rushed to ensure business continuity in the digital world. Businesses have migrated to multi cloud architectures to support remote workloads at scale.

Ionir is helping international companies and organizations move applications and data between clouds efficiently and speedily. Through its new platform capability Data Teleport, it is leading a new era of data democratization and redefining IT workflows.

This platform delivers the industry’s first instant mobility capability for persistent volumes, that allows stateful applications to be copied or moved instantly between Kubernetes clusters in under 40 seconds, independent of the size of the volume or the amount of data involved. Based on the unique and proven technology developed by Reduxio, Ionir’s platform eliminates the complexity of storage and data management for Kubernetes-based clouds by allowing customers to build a seamless data layer and a common set of data management workflows independent of the underlying cloud or infrastructure.

Ionir’s unique proposition and proprietary technology enables it to meet the needs of its rapidly growing customer base and positions it for continued strong expansion and growth. We are excited to be part of that journey, sharing the Ionir team’s vision and passion to transform its markets.

André Pienaar, Founder and Managing Director of C5 Capital has joined the Board of Directors at Ionir to support their next phase of growth. André said, “As a specialist investor in the cutting-edge cloud and data management solutions powering our digital future, we are thrilled to support Ionir in transforming this market. Data mobility between clouds has historically required advanced planning and significant amount of time, making it difficult for customers to move applications and data to maximise effectiveness of their IT, or to provide resilience in the case of an outage. Ionir is bringing a paradigm shift by eliminating data gravity and time from the equation. The company’s innovative Data Teleport instant data mobility capability is redefining IT workflows in both hybrid cloud and multi-cloud deployments.”

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The Efficy group acquires INES CRM to create a customer relationship front player in France and become the European Champion

Fortino Capital

Brussels, September 10, 2020 – INES CRM, one of the French cloud-based CRM pioneers, is joining the Efficy group. The stated ambition is to complete the consolidation of the French market in order to conquer Europe!

Obvious product complementarity

Founded in 2005 in Brussels, Efficy publishes a highly flexible CRM intended for medium and large accounts, and positions itself as a partner close to its customers. Already present in 7 European countries and leader in the Benelux, the Efficy group offers CRM solutions at the right price. Daily used by 170,000 users, the group’s solutions support more than 3,500 companies in their growth.

Founded in 1999 in Lyon, INES CRM publishes and integrates an open collaborative SaaS platform, serving business development and the entire customer journey. This solution is particularly suitable for companies with 10 to 50 employees, wishing to quickly set up a personalized CRM solution.

“INES CRM is an ingenious addition to the Efficy group’s range of CRM solutions. Our teams are now able to offer a solution adapted to all contexts. Whether it is a start-up buying a CRM license on the web, a company with 40 employees that wants a customizable solution, or even a group that has several thousand users, ” emphasizes Damien Duchateau, co- founder of INES CRM.

“Joining the Efficy group will allow the INES CRM solution to be enriched with new functionalities. Mobile application, artificial intelligence, gamification, document management and customer extranet functions will quickly complete the INES CRM solution,” adds Max Patissier, co-founder of INES CRM.

A desire to consolidate the European market

The Efficy group aims to represent 5% of the CRM market share on the European scene in four years. This operation is part of this ambition.

The acquisition of INES CRM by Efficy creates a group of 220 employees in Europe with cumulative annual turnover of € 26.5 million for 2019. The customer portfolio stands at 4,500 references.

“In recent years, we have organized and structured ourselves to accelerate the pace of our growth. INES CRM allows us to establish ourselves durably in France. We are planning such operations in other countries in the coming months. Our desire: to become a very serious alternative to the American mastodons on European soil,” concludes Cédric Pierrard, CEO of the Efficy group.

The Efficy CRM group at a glance

Key figures (2019)

  • € 26,5m turnover
  • 220 employees in 9 countries
  • 4 500 clients
  • 185 000 users in 33 countries
  • 46% average growth over the past 5 years

Latest highlights

  • 2017: Acquisition of DESICO, publisher of the Vente Partner solution, in France
  • 2018: Acquisition of E-Deal in France
  • 2019: Acquisition of SumaCRM in Spain
  • 2019: Arrival of Fortino Capital as shareholders

About EFFICY

Efficy is a software provider offering medium & large businesses a complete, flexible and extended CRM (Customer Relationship Management) solution which helps companies manage their Customer Relationship. Efficy has over 170,000 daily users in 33 countries. Founded in 2005, the Efficy Group, ISO 9001 certified, works with companies from a wide variety of sectors: Banking (Belfius, BNP Paribas, Fortuneo), Insurance & Mutual insurance (Amma, Thélem), Social housing, Industry (CEA, Gradus, Poujoulat), Services, Tourism & Transport (Kinepolis, Geneva Tourism), Retail (La Redoute, Groupe Gautier), Local authorities & Chambers of commerce. Headquartered in Brussels, Efficy has approximately 165 employees in its 7 local offices in Belgium, France, the Netherlands, Spain, Luxembourg, Switzerland and Germany.

About INES CRM

French publisher and integrator for 20 years, INES CRM offers a collaborative, open and mobile SaaS platform, serving business development and the entire customer journey.

INES CRM teams support BtoB companies and ensure the sustainability of their digital transition. The INES solution is a tool designed to respond to the problems of different departments (sales, marketing, customer service, etc.) by giving companies a 360 ° view of their customer relationship.
www.inescrm.fr

Contact

For more information, please visit www.efficy.com or contact:
Laëtitia Baret
lba@efficy.com
+33 6 13 03 63 67

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MineralTree Raises $50M Series D Funding and Acquires Inspyrus and Regal Software

Great Hill Partners

New investment and acquisitions fuel growth in fast-growing AP automation and B2B payments market

| Source: MineralTree, Inc.

CAMBRIDGE, Mass., Sept. 24, 2020 (GLOBE NEWSWIRE) — MineralTree, an Accounts Payable (AP) and payments automation solution provider, today announced that it has closed a $50 million Series D investment round with participation from existing investors Great Hill Partners, .406 Ventures, and Eight Roads Ventures. In addition, MineralTree has acquired two companies in the AP automation and B2B payables space, Inspyrus and Regal Software, to further expand its market position in providing AP and payment automation to middle market companies.

The investment round and acquisitions come at a time when MineralTree is seeing increasing demand for its solutions as businesses of all sizes are becoming focused on addressing both pandemic-related work-from-home mandates and rising costs associated with manually processing invoices and B2B payments. $27 Trillion in B2B payments are made in North America every year and businesses spend an estimated $510B on direct and indirect manual AP costs making those payments. By automating AP, businesses can save as much as 80% of these costs and allow their AP process to function seamlessly while working fully remote.

Today’s additional funding and strategic company acquisitions equip MineralTree with expanded product capabilities, partnerships, and scale to serve the needs of a much larger portion of the middle market and up into the enterprise market. Additionally, the funding and acquisitions will bolster capabilities available to existing MineralTree customers and Bank partners.

“Mid-market companies of all sizes continue to show strong interest in automating their AP and payments processes, but as a market segment have been overlooked and underserved,” said MineralTree Chief Executive Officer, Micah Remley. “Our vision to revolutionize B2B commerce starts with making the invoice to payment processes simple, speedy, and secure for mid-market customers and our Bank partners. This new funding, combined with expanded product capabilities and scale that come as a result of acquiring Inspyrus and Regal Software, uniquely positions MineralTree to do just that.”

Silicon Valley-based Inspyrus is an AP automation software solution for large mid-market and enterprise customers. Since its founding in 2008, Inspyrus has built significant scale in AP automation and currently processes over 15 million invoices, representing more than $100B in AP spend, annually in its software platform. It provides out-of-the-box integrations with leading ERP systems such as SAP and Oracle’s E-Business, JD Edwards, PeopleSoft, and ERP Cloud systems. With Inspyrus, MineralTree adds robust product features such as advanced PO matching, Artificial Intelligence-enabled predictive coding, and real-time invoice capture.

“Mid-market companies continue to lag behind their enterprise contemporaries in automating,” stated Inspyrus Founder and Chief Executive Officer Nilay Banker. “Automating these processes can deliver not only significant cost savings, but also increased financial visibility, and fraud reduction. The combination of capabilities from Inspyrus and MineralTree will help accelerate the digitization of Accounts Payable and B2B payments processing across more companies globally.”

Regal Software, founded in 2008 and headquartered in Atlanta, Georgia, provides easy-to-use ERP connectors to more than 160 different ERP systems. Its RegalPay solution is used by more than 350 corporate customers and partners including leading banks, card issuers, and financial services institutions to serve their business customers’ needs. Regal Software expands MineralTree’s ability to integrate with both bank and business financial systems, removing one of the biggest barriers to adoption of e-payments.

“We are thrilled to become part of the MineralTree family today,” commented Regal Software Founder and Chief Executive Officer, Kofi Conduah. “The combined strengths of MineralTree and Regal Software position us as the only choice to help mid-market companies easily transition to electronic payments and empower Banks to help their commercial customers do the same.”

Resources:
Industry Report: The State of AP 2020: A Research Report
Product Overview: End-to-End AP Automation – How it Works
Blog Post: Blog: Top 3 AP Automation Misconceptions
Webinar: Building the Modern Finance Function through Digital Transformation

About MineralTree
MineralTree provides modern, secure, easy-to-use, end-to-end Accounts Payable (AP) Automation solutions that reduce costs by more than 75%, increase visibility and control, and mitigate fraud and risk, while improving cash flow. More than 2,000 mid-market and mid-enterprise companies, as well as more than 25 financial institutions rely on MineralTree to digitize and optimize the entire AP Automation and Payments process, preserving control over the complete invoice-to-payment workflow, improving vendor relationships, maximizing ROI, and transforming the finance function from a cost center to a profit center. For more information, visit https://www.mineraltree.com.

 

Media Inquiries
Tim Walsh
617.512.1641

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NUVIA Raises $240M Series B Funding as it Accelerates Plans to Deliver Industry Leading CPU Performance to the Data Center

Atlantic Bridge

NUVIA Raises $240M Series B Funding as it Accelerates Plans to Deliver Industry Leading CPU Performance to the Data Center

Santa Clara, Calif., September 24, 2020 – NUVIA, a leading-edge silicon design company, today announced the close of its Series B funding round, raising $240M.  The funding round was led by Mithril Capital in partnership with Sehat Sutardja and Weili Dai (founders of Marvell Technology Group), funds and accounts managed by BlackRock, Fidelity Management & Research Company LLC., and Temasek, with additional participation from Atlantic Bridge, Redline Capital, Capricorn Investment Group, Dell Technologies Capital, Mayfield, Nepenthe LLC and WRVI Capital. The closure of NUVIA’s Series B round builds on a $53M Series A round, raised in November 2019. NUVIA was founded in February 2019 by John Bruno, Manu Gulati and Gerard Williams, with the vision to create the world’s leading server processor.

“The opportunity in front of NUVIA has never been brighter, with an industry that’s looking for a new way to get the performance needed to power the next generation of cloud and enterprise computing,” said Gerard Williams III, CEO, NUVIA. “We’re very fortunate to have an incredible group of investors behind us as we close Series B and take the next steps in our vision to redefine performance, energy efficiency, scalability, compute density and total cost of ownership within the data center.”

NUVIA is building a leading-edge SoC and CPU core, codenamed “Orion” and “Phoenix,” that are designed to deliver industry leading performance on real cloud workloads. More details on performance for the Phoenix CPU can be found at https://nuviainc.com/blog/performancedeliveredanewway.

About NUVIA

Headquartered in Santa Clara, NUVIA was founded on the promise of reimagining silicon design for high-performance computing environments. The company is focused on building products that blend the best attributes of compute performance, power efficiency and scalability. For more information, please visit www.nuviainc.com.

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NUVIA Raises $240M Series B Funding as it Accelerates Plans to Deliver Industry Leading CPU Performance to the Data Center

Atlantic Bridge

Santa Clara, Calif., September 24, 2020 – NUVIA, a leading-edge silicon design company, today announced the close of its Series B funding round, raising $240M.  The funding round was led by Mithril Capital in partnership with Sehat Sutardja and Weili Dai (founders of Marvell Technology Group), funds and accounts managed by BlackRock, Fidelity Management & Research Company LLC., and Temasek, with additional participation from Atlantic Bridge, Redline Capital, Capricorn Investment Group, Dell Technologies Capital, Mayfield, Nepenthe LLC and WRVI Capital. The closure of NUVIA’s Series B round builds on a $53M Series A round, raised in November 2019. NUVIA was founded in February 2019 by John Bruno, Manu Gulati and Gerard Williams, with the vision to create the world’s leading server processor.

NUVIA Raises $240M Series B Funding as it Accelerates Plans to Deliver Industry Leading CPU Performance to the Data Center

“The opportunity in front of NUVIA has never been brighter, with an industry that’s looking for a new way to get the performance needed to power the next generation of cloud and enterprise computing,” said Gerard Williams III, CEO, NUVIA. “We’re very fortunate to have an incredible group of investors behind us as we close Series B and take the next steps in our vision to redefine performance, energy efficiency, scalability, compute density and total cost of ownership within the data center.”

NUVIA is building a leading-edge SoC and CPU core, codenamed “Orion” and “Phoenix,” that are designed to deliver industry leading performance on real cloud workloads. More details on performance for the Phoenix CPU can be found at https://nuviainc.com/blog/performancedeliveredanewway.

About NUVIA

Headquartered in Santa Clara, NUVIA was founded on the promise of reimagining silicon design for high-performance computing environments. The company is focused on building products that blend the best attributes of compute performance, power efficiency and scalability. For more information, please visit www.nuviainc.com.

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Vector Capital Acquires Patron Technology

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Vector Capital

SAN FRANCISCO–(BUSINESS WIRE)–Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced its investment in Patron Technology (“Patron”), a premier event technology platform.

Patron offers a full-suite of event technology solutions for live, virtual, and hybrid events designed to transform the attendee experience. The company empowers event organizers at conventions, sports arenas, music venues, performing arts festivals, and other attractions to tailor their ticketing, mobile, experiential marketing, and cashless products to fit each of their vertical-specific needs. Patron’s seasoned management team, led by Chief Executive Officer Marc Jenkins, is remaining with the business.

“We are excited to back Patron as they successfully navigate unprecedented, COVID-induced, market disruption in the live events industry,” said Rob Amen, Managing Director at Vector Capital. “Vector excels at investing during periods of significant dislocation and we believe Patron’s best-in-class product suite and proven executive team position it well to transcend this crisis. We are confident that our growth investment will enable Patron to not only outlast this global pandemic but to emerge stronger than ever on the other side of it.”

Mr. Jenkins stated: “This is an exciting and important day in our company’s history. It kicks off a fresh new partnership alongside the thoughtful investment team at Vector. We are eager to work with them to propel our business through the age of social distancing and beyond. I’m extremely proud to be part of such an amazing team, past and present, that works tirelessly to serve our world-class clients.”

In response to COVID-19, Patron’s expert team was able to pivot and develop a fully-integrated virtual events solution, complete with a suite of ticketing and experiential tools. With these features, in addition to the company’s already extensive technology toolkit, Patron became the first of its peers to offer a complete solution for any combination of online and in-person events.

“With a great set of products, a strong balance sheet, and a management team unparalleled in its industry, Patron is well positioned to grow over the coming years,” added Tom Smith, Vice President at Vector Capital. “We look forward to partnering with Marc and his team as they continue to grow from this new position of strength and renewed investment.”

About Patron Technology
Patron Technology’s limitless event technology solution is redefining what it means to be an event creator. With its ever-evolving suite of tools, organizers can take control of their entire event, transform the attendee experience, and be a leader in their industry. Whether an organizer wants to create an in-person event, a fully virtual experience, or anything in between, Patron Technology’s team and technology are fully equipped with everything an organizer needs. For more information visit patrontechnology.com.

About Vector Capital
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Within3 Raises over $100 Million in Growth Funding to Fuel Rapid Global Expansion

Life science companies worldwide are using Within3 as their primary platform for enterprise-wide virtual communication

Within3, the leading enterprise-wide solution for life science collaboration and communication, closed over $100 million in growth funding in a financing round led by Insight Partners, with participation from Silversmith Capital Partners. The funding will be used to accelerate product innovation, build infrastructure to outpace growing demand, and fuel international expansion.

20 out of the top 20 pharmaceutical companies already use Within3 for global collaboration to bring drugs to market more quickly, publish clinical studies, host advisory boards and engage virtually on any business initiative with multi-stakeholder involvement. With users in over 150 countries and thousands of implementations worldwide, Within3 is the pioneer in enabling complex virtual communication in a secure environment. Each implementation is carefully designed to drive business outcomes and allows asynchronous participation supplemented with real-time touchpoints. Always-available reporting and analytics ensure real-time alignment of program goals. Within3’s unique combination of real-time and over-time communication drive the highest level of engagement and strong, measurable business results across the enterprise.

“Global demand for our solution is surging at an unprecedented rate,” said Lance Hill, CEO of Within3. “Life science companies are looking for virtual work solutions that exceed the level of engagement of traditional live interactions, meet all their compliance needs, and that will scale across the enterprise. They have found that solution with Within3.”

“The funding will allow us to accelerate our growth and product pipeline to continue to meet the growing demand from the market,” continued Hill. “We will be able to accelerate new innovations in our product roadmap and bring our customers smarter, more innovative solutions faster.”

“Investment opportunities in companies like Within3 don’t come around very often,” said Deven Parekh, Managing Director at Insight Partners. “The company has seen explosive growth over the last 12 quarters and continues to break new records each month. Their unparalleled ability to enable companies to achieve the results they desire faster and cheaper, and scale across the enterprise solving complex problems in all divisions of an organization sets them apart from other virtual engagement solutions. At a time when collaboration, communication and cooperation are more critical than ever across the global life sciences ecosystem, we are excited to bring our strategic operations expertise to help Within3 scale.” Parekh, along with Insight Partners’ Managing Directors Adam Berger and Ross Devor will join Within3’s board.

With over 80 compliance features, translation into more than 100 languages and a world-class client success team that is a part of every single implementation, life science companies are turning to Within3 as an enterprise-wide solution and their primary resource for stakeholder engagement.

Aeris Partners LLC served as the exclusive financial advisor to Within3. Willkie Farr & Gallagher served as legal advisors to Insight, and Kirkland and Ellis represented Silversmith Capital Partners.

ABOUT WITHIN3

Within3 invented a better way for life sciences companies to have conversations with the people who matter most—from doctors to patients to payers, and more. Our virtual engagement platform gives stakeholders the freedom to communicate anytime, anywhere, on any device. With practical tools to foster meaningful discussions and a dedicated client success team on every project, most Within3projects achieve 100% stakeholder participation. Learn more at www.within3.com or follow us on Twitter @Within3.

ABOUT INSIGHT PARTNERS

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.

ABOUT SILVERSMITH CAPITAL PARTNERS

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $1.1 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. The partners have over 75 years of collective investing experience and have served on the boards of numerous successful growth companies.

Contacts

Whitney Hausmann
whausmann@within3.com

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