TID Informatik becomes part of the SCHEMA Group

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The SCHEMA Group (SCHEMA) is expanding its previous 27% shareholding in TID Informatik GmbH (TID) to 100%.

TID Informatik GmbH (TID), headquartered in Inning am Ammersee and with a branch in Amberg, Germany, produces the CATALOGcreator® software and specializes in electronic spare parts catalogs and the management of service and spare parts information. With its products SCHEMA ST4 and SCHEMA CDS, SCHEMA is the leading manufacturer of professional software solutions for product and process documentation.

As a new wholly-owned subsidiary of the SCHEMA Group, TID Informatik will continue to operate as an independent company on the market alongside SCHEMA Consulting and SCHEMA Systems. The previous managing directors, founders Robert Schäfer and Rafi Boudjakdjian, will continue to run TID Informatik GmbH as managing directors.

With this acquisition, the SCHEMA Group is expanding its portfolio as a provider of system solutions for content lifecycle management. With more than 300 customers from various industries, TID Informatik is the leading producer of software for the creation of electronic parts catalogs and service information systems. TID has recorded strong and profitable growth in recent years and employs around 50 people at its Inning am Ammersee and Amberg locations. The SCHEMA Group has thus grown to a total of 180 employees.

“I am delighted that TID Informatik and SCHEMA will be working even more closely together in the future. Through integrated software solutions and services, we can offer a unique platform for digitization and automation of product and service information,” explains Robert Schäfer, founder and Managing Director of TID Informatik GmbH.

“We are pursuing the same strategic goals together and complement each other perfectly,” emphasizes Marcus Kesseler, founder and Managing Director of the SCHEMA Group.

“Digitization and Industry 4.0 is based on professionally created, digitized and integrated product and service information. Together, we can offer our customers a unique product and service offering.”

What is SCHEMA?
The SCHEMA Group was founded in Nuremberg in 1995 and is a medium-sized software manufacturer with more than 130 employees. The SCHEMA Group produces component content management and content delivery solutions for editorial offices that create product-related content. Software from SCHEMA helps companies to describe complex products and to produce and distribute these descriptions on different media.

The XML editing system SCHEMA ST4 is one of the most widely used systems for the modular creation of documentation, package inserts and marketing materials. The system covers all areas of creation, versioning, variant control, translation, administration and publication of product-related content – from authoring support during input to the finished layout for the print catalog.
The SCHEMA Content Delivery Server offers companies a standard solution for automatically distributing intelligent information created in editorial systems to end users in a targeted and context-specific manner. This ensures that exactly the right information arrives automatically on mobile devices.

SCHEMA’s software solutions are used by more than 500 customers in the mechanical engineering, automotive, information technology, electronics, medical technology and pharmaceutical industries. Customers such as ABB, Agilent, Andritz, Bentley, Bombardier, Bosch, Bundesanzeiger, Carl Zeiss, Caterpillar, Daimler, Datev, Doppelmayr, General Electric, KSB, MAN, Miele, Österreichische Bundesbahnen, Philips, Porsche, Roche, Schaeffler Group, SEW Eurodrive, Siemens, SMA, Toyota, TüV, Voith and Wincor Nixdorf and many others rely on SCHEMA systems.

SCHEMA. Complex documents easy. www.schema.de

Translated with www.DeepL.com/Translator

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Industrifonden leads Series A round in IIoT pioneer Crosser

Industriefonden

We are glad to welcome the team at Crosser to the portfolio, as the company has closed a EUR 3 million financing round to support international expansion.

Together with German early stage tech VC 42CAP, we led the round, with participation from existing investors Spintop Ventures, Almi Invest and Norrlandsfonden.

With the IoT market growing in a rapid pace, we spend a lot of time thinking about industrial IoT and the next paradigm shift for the industry: industry 4.0. Crosser stands out because they understand the big picture, and has built a platform that complements and improves the customers’ existing technology. We are really excited about this partnership and what it will bring, says Martin Gemvik, Senior Investment Manager at Industrifonden.

Factory/Asset owners and machine builders are looking into digital solutions to increase uptime, optimize processes and find new business models. The Crosser real-time analytics platform helps enterprises to integrate the machine world with the rest of their business and accelerate their digital transformation.

We are very pleased to have two new investors with a strong interest in industrial technologies, says Martin Thunman, CEO and co-founder of Crosser. This round of funding enables us to expand internationally, build out our partner ecosystem and to invest further in the development of our platform. The first step will be to expand into Germany, the leading industrial country in Europe.

Crosser recently announced its “Bring Your Own AI” strategy with support for a variety of third-party machine learning frameworks and an open ecosystem approach for machine learning algorithms in the Edge. The Crosser platform offers a unique simplicity to deploy and orchestrate advanced machine learning algorithms, data processing, analytics and data integration in the Edge at scale.

More on Crosser

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Perforce Software Announces Strategic Investment from Francisco Partners

Franciso Partners

  • Francisco Partners and Clearlake to Become Equal Partners
  • Additional Capital to Accelerate the DevOps Platform’s Organic and Inorganic Growth

Minneapolis, MN, San Francisco, CA, and Santa Monica, CA – Perforce Software (“Perforce” or the “Company”), a global provider of enterprise-grade development operations (“DevOps”) software solutions, today announced a significant new equity investment from Francisco Partners, a global technology-focused private equity fund. With the investment, Francisco Partners will become an equal partner with affiliates of Clearlake Capital Group, L.P. (“Clearlake”), which initially invested in Perforce in late 2017. Terms of the transaction were not disclosed.

Perforce has expanded significantly since Clearlake’s acquisition, completing three acquisitions and building out its platform across areas of agile management, application management and components, code management and collaboration, and automated testing. As a leader in the DevOps industry, Perforce provides the broadest suite of solutions that balance the security, compliance, and control needs of leading enterprises while providing developers and designers the freedom to innovate at global scale. With its extensive portfolio, Perforce helps global enterprises solve complex problems across the entire software development lifecycle.

“Throughout our partnership with Clearlake, Perforce has successfully accelerated revenue growth, continued significant innovation, and strengthened relationships with numerous blue-chip customers,” said Mark Ties, Perforce CEO. “We are excited to welcome Francisco Partners, a firm with deep infrastructure software experience, as we continue to expand our global footprint and deliver pioneering products efficiently and effectively. With these leading investment firms’ support, we will reach a new level of scale and accelerate our acquisition strategy, while remaining hyper-focused on our customers.” “We are very impressed by the leadership position that Perforce has established in the DevOps market and are excited to partner with management and Clearlake to drive the next phase of expansion,” said Brian Decker, Partner at Francisco Partners. “Perforce has successfully gained market share both organically and inorganically, and we look forward to building on this strong foundation,” added Evan Daar, Principal at Francisco Partners.

Behdad Eghbali, Co-Founder and Managing Partner at Clearlake, commented, “Since our investment, Perforce has significantly scaled its revenue and profitability profile and expanded its breadth of solutions. With the implementation of our O.P.S.® approach, Perforce has grown into the category leader and is well positioned to leverage its unmatched technology to increase the adoption of DevOps practices across all end markets.”

Prashant Mehrotra, Partner at Clearlake added, “This partnership with Francisco Partners further supports our original investment thesis and sponsorship of Mark and the collective management team’s best in class playbook to sustainably drive organic growth combined with an aggressive M&A strategy in the DevOps market.”

The transaction is expected to close in the second quarter of 2019. Financing and advisory services for the transaction will be provided by Credit Suisse, Deutsche Bank, and Ares. William Blair and Shea & Co served as co-financial advisors to Perforce. BofA Merrill Lynch, Evercore, and Goldman Sachs & Co. LLC also served as financial advisors in the transaction.

About Perforce

Perforce is a leading provider of enterprise scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility and scale during all phases of the development lifecycle. Enterprises across the globe rely on its agile planning and ALM tools, automated mobile and web testing, developer collaboration, static code analysis, version control and repository management solutions as the foundation for successful DevOps at scale. Perforce is trusted by the world’s most innovative brands, including NVIDIA, Pixar, Scania, Ubisoft, and VMware. For more information, please visit www.perforce.com.

About Francisco Partners

Francisco Partners is an investment firm that specializes in technology and technology-enabled services businesses. Since its launch over 19 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information, please visit www.franciscopartners.com.

About Clearlake

Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.®. The firm’s core target sectors are software and technology-enabled services; industrials and energy; and consumer. Clearlake has managed over $8 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments. More information is available at www.clearlake.com.

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Dynamo Software Acquires Preqin Solutions

Franciso Partners

Dynamo expands private equity monitoring and valuation capabilities with the acquisition of leading cloud software provider Preqin Solutions, a subsidiary of London-based Preqin Limited

Dynamo Software, the premier provider of comprehensive cloud software and data solutions for the alternative investment industry, announced today that it has acquired Preqin Solutions, formerly Baxon Solutions. Based in London, Preqin Solutions provides cloud-based software for private equity portfolio monitoring, valuation, performance analysis, and ESG impact design and measurement. The acquisition adds significant value across Dynamo’s existing client base of over 500 private fund managers and allocators that use Dynamo’s CRM, deal management, portfolio monitoring, and investor reporting capabilities.

Preqin Solutions’ software enables a broad range of functionality that speeds the collection, transfer, and analysis of data across a private equity portfolio. Key components include the automation of monthly and quarterly performance data collection from underlying portfolio companies; the ability to seamlessly feed data into valuation, cap table and waterfall models; and the inclusion of key market and performance data from Preqin and other third-party data sources. Preqin Solutions’ market-leading features add a new dimension to the Dynamo platform and are clear differentiators in the marketplace. Importantly, the addition of Preqin Solutions’ global customer footprint and employee base brings unique reach and expertise to Dynamo’s product development and client success teams, significantly expanding Dynamo’s existing London and APAC presence.

Dynamo Software and Preqin Limited maintain a long-standing relationship under which Dynamo has utilized Preqin’s data in its core CRM platform, offering customers the ability to access market participant data easily via browser or mobile device. As part of the acquisition, Dynamo and Preqin Limited are strengthening their partnership to facilitate a seamless transition for Preqin Solutions customers and staff and to ensure that existing and new customers can continue to benefit from the Dynamo platform, Preqin Solutions portfolio tools and Preqin data.

“We are excited to welcome the Preqin Solutions team to the Dynamo family and expand our platform with the unique capabilities their system offers.”, commented Hank Boughner, Dynamo’s CEO. “Preqin Solutions’ cloud software is a perfect complement to Dynamo’s deal management, middle, back office, and LP reporting features and will extend the functionality and services we are able to provide to our clients investing in private assets. We look forward to a long-term partnership with Preqin Limited as we continue meeting the needs of sophisticated customers in the alternative investment space.”

Mark O’Hare, founder and Chief Executive of Preqin, added: “We are very pleased to combine the Preqin Solutions business with the Dynamo cloud platform, and we know that Preqin Solutions clients and employees will be in great hands as part of the global Dynamo family. We look forward to continuing our mutually beneficial partnership by ensuring a seamless transition for all Preqin Solutions customers, and by providing Preqin’s high-quality data for use across the Dynamo client base.”

Chris Ferguson, the current CEO of Preqin Solutions, added, “We are thrilled about what Dynamo can offer the business – this move will be of great benefit to both Preqin Solutions’ employees and customers. Going forward, the business will have the best of both worlds: operating as part of a specialist, best-in-class software house while maintaining close ties and data integrations with a market-leading data provider.”

Specific terms of the deal were not disclosed.

Marlin & Associates acted as exclusive strategic and financial advisor to Preqin.

About Dynamo Software

Dynamo Software has provided industry-tailored, highly configurable investment management, reporting and data management cloud software solutions to the global alternative investment industry since 1998. Dynamo provides SaaS solutions across the private investment landscape including: private equity and venture capital funds, real estate investment firms, hedge funds, endowments, pensions, foundations, prime brokers, funds of funds, family offices, and fund administrators. The Dynamo™ platform has improved the productivity of fundraising, deal, management, research, investor servicing, portfolio management, and compliance teams worldwide. Collectively, Dynamo’s 500+ clients manage over $3 trillion in assets.

For more information about Dynamo Software, please visit www.DynamoSoftware.com.

About Preqin

Preqin is the home of alternative assets, providing industry-leading intelligence on the market and cutting-edge tools to support participants at every stage of the investment cycle. More than 73,000 industry participants in over 90 countries rely on Preqin as their indispensable source of data, solutions, and insights. Preqin’s data and analyses are frequently presented at industry conferences, and is used in the global financial press and academic journals & white papers. Preqin is always happy to support journalists by providing reports, custom data, and one-on-one interviews.

For more information about Preqin, please visit www.preqin.com.

 

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PayScale Announces Majority Growth Investment from Francisco Partners at an Enterprise Value of $325 Million

Franciso Partners

nvestment Will Help the Cloud Compensation Software Provider Accelerate Growth and Innovation

Seattle, WA and San Francisco, CA – PayScale, Inc., the leading provider of SaaS-based compensation data, analytics and software, announced today a majority investment from Francisco Partners, a global technology-focused private equity fund. This investment will provide PayScale with a new financial partner to build upon the company’s strong momentum and help continue to drive product innovation.

PayScale has grown substantially in recent years as employees and employers alike increasingly demand modern compensation software that enables more data-driven compensation decisions, leading to greater pay transparency and equity. The company’s growth has coincided with the emergence of social movements demanding greater gender and racial equality (both broadly and with respect to the pay gaps that still exist), as well as the increasing scrutiny organizations are under to make their business operations match their recruiting rhetoric. The Seattle-based company pioneered the use of big data and unique matching and prediction algorithms to create the industry’s most advanced compensation platform, which has propelled PayScale to market leadership.

“We have made tremendous progress in delivering our promise to Bring Pay Forward and in the process have established PayScale as the clear market and technology leader in SaaS compensation management solutions,” commented Mike Metzger, Chief Executive Officer of PayScale. “This could not have been possible without the tireless efforts of our employees to drive superior customer outcomes and their dedication to contributing to the PayScale culture. The future of PayScale is bright and we look forward to welcoming Francisco Partners into the shareholder base.”

“Compensation-related friction continues to affect employers and employees globally,” said Adam Solomon, Principal at Francisco Partners. “The changing dynamics of the workforce, including the shift from Boomers to Millennials as the dominant cohort in today’s workplace and the entrance of Gen Z, has made it impossible for CEOs to leave compensation to chance. PayScale helps bridge the disconnect by enabling its more than 8,000 customers to make compensation decisions that are more rooted in data and aligned to business goals than ever before. With this compelling value proposition, PayScale is well-positioned to capitalize on the large market opportunity ahead of the company.”

Peter Christodoulo, Partner at Francisco Partners, added, “We are extremely excited to be partnering with PayScale as the company enters the next chapter of its growth story. The team is focused on its mission of helping companies align their compensation practices with their business goals and of easing the burden of communicating well about compensation to employees, and we look forward to supporting and furthering that vision.”

Warburg Pincus will be exiting its investment in PayScale in this transaction. “We are proud of PayScale’s significant growth over the past five years to become the leading cloud compensation data and SaaS provider in the space,” said Ashutosh Somani, Managing Director, Warburg Pincus. “As growth investors, we feel privileged to have partnered with Mike and the PayScale team and we wish the company continued success in the future,” added Justin Sadrian, Managing Director, Warburg Pincus.

Raymond James & Associates, Inc. acted as exclusive financial advisor and Willkie Farr & Gallagher LLP acted as legal advisor to PayScale and its Board of Directors. Kirkland & Ellis LLP acted as legal advisor to Francisco Partners. The transaction is subject to customary closing conditions and is expected to close within the next 15 days.

About PayScale

PayScale offers modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike. More than 8,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 23 million employees. These companies include Encana, Patagonia, The New York Times, Sunsweet, T-Mobile, United Health Group, Wendy’s and Perry Ellis. For more information, please visit: www.payscale.com or follow PayScale on Twitter: twitter.com/payscale.

About Francisco Partners

Francisco Partners is an investment firm that specializes in technology and technology-enabled services businesses. Since its launch over 19 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information, please visit www.franciscopartners.com.

About Warburg Pincus

Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $58 billion in private equity assets under management. The firm’s active portfolio of more than 180 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 18 private equity funds, which have invested more than $74 billion in over 860 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information please visit www.warburgpincus.com..

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K1 Sells Public Safety Software Leader Rave Mobile Safety

K1

LOS ANGELES, April 25, 2019 (GLOBE NEWSWIRE) — K1 Investment Management (“K1”), a leading investment firm focusing on high-growth enterprise software companies, today announced the sale of its portfolio company, Rave Mobile Safety, to funds affiliated with TCV. As a K1 portfolio company, Rave became the category leader in public safety software sold to the higher education, government, K-12 and corporate markets.

During its ownership, K1 expanded the Rave management team, refined its go-to-market strategy, and strengthened its product portfolio on key solutions for pressing safety needs, including addressing the growing need for improved school safety with Rave Panic Button. Additionally, Rave consolidated a fragmented industry landscape through strategic acquisitions, bringing together three additional companies under the platform’s umbrella, broadening its market reach and delivering a comprehensive product suite to its customers.

Representative clients of Rave include the City of Chicago, Washington D.C. Schools, the City of Cincinnati, Iowa State University and the City of Virginia Beach.

“K1 was instrumental in guiding us toward furthering our mission of better connecting organizations with those they protect through innovative software that enhances public safety and helps save lives,” says Todd Piett, CEO of Rave. “The team’s operational and strategic guidance allowed us to drive organizational health, accelerate product innovation and strengthen our go-to-market. Without K1’s involvement, we would not have been able to achieve such rapid growth. I am incredibly optimistic about the future of Rave and couldn’t be happier with the effort and results achieved by the Rave and K1 teams.”

“It has been a pleasure working with Todd and the Rave team over the last three years on tripling revenue and building the preeminent provider of emergency notification and safety solutions for education, government and corporate customers,” says Taylor Beaupain, Managing Partner at K1. “We have high confidence that Rave will continue delivering outstanding value to customers and wish them continued success.”

Raymond James & Associates acted as exclusive financial advisor to Rave Mobile Safety.

About Rave Mobile Safety

Rave Mobile Safety provides the leading critical communication and data platform trusted to help save lives. Used by leading education and healthcare institutions, enterprises and state and local public safety agencies, the award-winning Rave platform including Rave Alert™, Rave 911 Suite™, Rave Panic Button™, Rave Guardian™, Rave Prepare™, Rave Eyewitness™ and Swift911™ and SwiftK12™ protects millions of individuals. Rave Mobile Safety is headquartered in Framingham, MA. For more information, please visit https://www.ravemobilesafety.com.

About K1

K1 is a leading investment firm focusing on high-growth enterprise software companies globally. K1 seeks to help dynamic businesses achieve successful outcomes by identifying and executing organic and acquisition-based growth opportunities that position its companies as industry leaders. K1 typically invests alongside strong management teams that continue to guide their organizations on a day-to-day basis. K1’s investments vary in the level of ownership in order to meet the needs of entrepreneurs and managers. Representative past and present portfolio companies include industry leaders such as Apttus, Buildium, Certify, Checkmarx, ChiroTouch, Chrome River, Clarizen, Granicus, IronScales, Jobvite, Litera Microsystems, Onit, RFPIO, Smarsh and WorkForce Software. For more information about K1, please visit www.k1capital.com or www.linkedin.com/company/k1im.

Media contact:
Kevin Wolf
TGPR
(650) 483-1552
kevin@tgprllc.com

Source: https://www.globenewswire.com/news-release/2019/04/25/1809876/0/en/K1-Sells-Public-Safety-Software-Leader-Rave-Mobile-Safety.html

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ChurnZero Raises $7M in Series A Funding Round to Build the Customer Success System of Record

Baird Capital

ChurnZero, a real-time Customer Success platform, has announced that it secured $7 million in Series A funding led by Baird Capital. Returning investors in the round include Grotech Ventures, Middleland Capital, Charlottesville Angel Network and Center for Innovative Technology. The latest investment round will be used to support all of ChurnZero’s efforts. The team will invest in growing the Customer Success ecosystem, accelerate and deepen product development in the award-winning ChurnZero platform, and support customer facing teams in delivering the best Customer Success and Support among their peers.

The ChurnZero solution helps subscription businesses fight customer churn, expand their current accounts, increase product adoption and optimize the overall customer experience.

“At Untappd, we pride ourselves in delivering great Service and Customer Success to our brewery, restaurant and retail customers and we have been blown away with ChurnZero’s level of Customer Success as well as the care and thought they put into their product,” said Jeremy Jeffers, VP of Customer Success, Untappd. “We have seen a large improvement on the level of customer touchpoints our Customer Success Managers are able to do today versus before and we have seen a massive increase in retention for our small and medium-sized accounts.”

“Building a Customer Success platform that integrates data and customer touchpoints from a myriad of sources, generates insights and analytics, and kicks off workflows and communications is a tough technical project and is a proud achievement for our team,” said You Mon Tsang, Co-founder and CEO of ChurnZero. “But our real achievement is creating a happy and successful customer base. Our growth has been testament to our efforts so far and I am thrilled to have Baird Capital as partners to invest further in the company and in the ecosystem.”

In connection with the investment, Joanna Arras of Baird Capital has joined ChurnZero’s board of directors. “Customer Success is a persistent issue for companies in a variety of industries, and we are beginning to see the emergence of best practices to professionalize and scale Customer Success teams,” said Arras. “The market for Customer Success software is relatively nascent; as such we are excited to partner with ChurnZero to create the enterprise’s next great system of record.”

This investment brings the total funding that ChurnZero has raised to date to $10 million.

Since its founding in 2015, ChurnZero has modernized and empowered Customer Success, Account Management, and Customer Marketing teams to proactively engage with customers in an on-going and automated way to work towards their business outcomes. ChurnZero is dedicated to helping their ever-growing customer base fight churn.

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About ChurnZero
ChurnZero helps subscription businesses fight customer churn. Its software solutions allow businesses to understand how their customers use their product, asses their health and their likelihood to renew, and give businesses the means to personalize the customer experience through timely and relevant touchpoints. ChurnZero is headquartered in Arlington, VA and is backed by leading angles and venture capital firms such as Baird Capital, Grotech Ventures and Middleland Capital. For more information, visit churnzero.net.

About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 300 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. Incorporated. For more information, please visit BairdCapital.com.

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AXA XL teams up with Contguard to launch Connected Cargo

AXA

AXA XL teams up with Contguard to launch Connected Cargo

AXA XL Risk Consulting, in partnership with Contguard, today announced the launch of “Connected Cargo”, a real-time digital cargo tracking solution designed to help French companies optimise their supply chain.

Contguard specialises in Big Data and uses Artificial Intelligence to develop applications and services for companies that need to secure their goods in transit. The company uses data from sensors placed on containers, such as geolocation, temperature and humidity fluctuations, door opening or shock.

Through this partnership, clients will benefit from 24/7 monitoring and the expertise of AXA XL’s risk engineers in order to implement prevention plans.

Maxime Ambourg, Director, Offer & Innovation at AXA Matrix*, now part of AXA XL, comments: “Connected Cargo brings together some of the best tracking and datamining technologies and the experience of our specialised risk engineers. Working with Contguard allows us to augment our consultants’ expertise and to provide more precise and impactful prevention services for the risks associated with transportation and logistics.”

AXA Venture Partners, AXA’s venture capital fund dedicated to technology, invested in Contguard in 2018.

Sébastien Loubry, Partner, Global Head of Business Development at AXA Venture Partners, explains: “We are delighted that Contguard, one of our investments, established a partnership with AXA XL. We are convinced that the technology they developed, which brings a real difference to that market, will provide a lot of value to their clients.”

Follow AXA XL on Twitter and on LinkedIn.

Axa Venture Partners

ABOUT AXA XL[1]

AXA XL1 provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com

 

ABOUT AXA XL[1] RISK CONSULTING

AXA XL[1] Risk Consulting delivers a comprehensive range of risk management solutions and consulting services. Our global network of professionals helps identify current and future risks, while providing practical and realistic solutions to optimize and mitigate them. We empower our clients to improve business results and protect brand value. We partner with those who move the world forward. To learn more, www.axaxl.com

 

ABOUT CONTGUARD

XXX

 

MEDIA RELATIONS:

Alexandre Rizos

alexandre.rizos@axaxl.com

+44 (0) 207 933 7624


1
AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting.

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Quest Acquires Development & Database Market Leader ApexSQL to Enhance Information Management Business Solution Offerings

Franciso Partners

  • Acquisition of ApexSQL expands Quest’s database management tools portfolio that help organizations securely manage, monitor and optimize Microsoft SQL Server environments
  • ApexSQL’s successful heritage in SQL Server productivity tools augment Quest’s commitment in helping DBAs and developers maintain optimal SQL Server performance
  • ApexSQL products allow Quest to have deeper solution conversations with prospects, customers and partners around SQL Server

ALISO VIEJO, Calif.– Quest Software, a global systems management, data protection and security software provider, today announced the acquisition of ApexSQL, a market leader in SQL Server development and database tools. The acquisition of ApexSQL strengthens the Quest Information Management business unit’s portfolio of solutions that give DBAs and developers the tools to securely automate the management, movement, and performance of SQL Server database infrastructures to increase productivity and reduce costs. In addition to SQL Server, Quest’s Information Management business unit has a broad range of database management and performance monitoring solutions that support a variety of applications and database platforms, including Oracle, MySQL, PostGreSQL, MongoDB, and others.

With companies placing increased emphasis on data to support strategic growth, businesses require proven database management tools to drive value, meet organizational needs and ensure optimal performance. ApexSQL’s database auditing, recovery, change management, development and documentation solutions will bolster Quest’s existing database tools portfolio for SQL Server environments. Additionally, it introduces new opportunities to engage with prospects, customers and partners looking for automated tools to better manage SQL Server workloads and ensure their data meets compliance requirements.

“We’re pleased to further enhance our portfolio of database operation solutions with the acquisition of ApexSQL,” said Jeff Hawn, Chairman and CEO, Quest. “We remain unwavering in our commitment to deliver products that are simple to use and address our customers’ toughest technology challenges. Today’s announcement is indicative of that commitment.”

“We’re joining Quest today at an exciting time where our joint technology stacks are helping DBAs and developers address their SQL Server challenges to make an impact on the industry,” said Brian Lockwood, Chief Executive Officer, ApexSQL. “As part of the Quest family, we will be able to maximize the potential of our SQL Server offerings to deliver the most value to customers and partners.”

ApexSQL will join the Quest Information Management business, which is dedicated to helping companies manage, monitor, and move their data and database infrastructures across traditional databases, open-source databases, both on-premise and in the cloud.

“DBAs and developers tell us they need reliable tools to manage and secure an increasingly heterogeneous database environment,” said Kathleen Owens, President and GM, Quest Information Management. “Microsoft SQL Server is a vital part of our customers’ database solution mix and adding the ApexSQL portfolio into our proven SQL Server database management solutions builds on our commitment to help customers manage their SQL Server database environment. Quest will continue to be steadfast in its commitment to develop and expand solutions across a variety of database types to ensure we deliver the solutions customers need to better manage, protect, and ensure optimal performance across multi-database environments.”

About Quest Software

Quest provides software solutions for the rapidly-changing world of enterprise IT that help simplify the challenges caused by data explosion, cloud expansion, hybrid datacenters, security threats and regulatory requirements. The company is a global provider to 130,000 companies across 100 countries, including 95% of the Fortune 500 and 90% of the Global 1000. Since 1987, Quest has built a portfolio of solutions which now includes database management, data protection, identity and access management, Microsoft platform management and unified endpoint management. With Quest, organizations spend less time on IT administration and more time on business innovation. For more information, visit www.quest.com.

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Transaction reinforces Hg’s position as Europe’s largest software investor, with Visma’s Enterprise Value now €6.5 billion

HG Capital

18 April 2019. Hg today announces that Hg Saturn and its investors have agreed to a further c.€640 million equity investment in Visma, a leading provider of business-critical software to private and public enterprises in the Nordic, Benelux and Baltic regions. The Canada Pension Plan Investment Board (CPPIB) will also make a further investment of c.€110 million in Visma as part of this transaction.

Hg is already the majority owner of Visma, having led the original delisting of Visma from the Oslo Stock Exchange in 2006.  Hg has been the lead or co-lead investor in Visma for the last 13 years.  Cinven, who first invested in Visma in 2014, sold part of its stake to Hg and co-investors in 2017 and is now selling the entirety of its remaining shareholding in Visma as part of this transaction.  The transaction values Visma at an enterprise value of over €6.5 billion.

Hg is Europe’s largest investor in private software business and has supported Visma’s management to build a world-class company through several stages of growth and innovation since 2006.  Most importantly Visma management, backed by Hg, started to invest in cloud and Software-as-a-Service (SaaS) in 2009.  This early investment has given Visma a significant competitive advantage, having transitioned, over the last decade, from a largely on-premise software provider to being Europe’s largest provider of cloud-delivered SaaS to businesses.  Today Visma has over $1billion of SaaS revenues delivered to more than 500,000 customers, with over 70% of Visma’s revenues coming from cloud-delivered SaaS products or services.

During Hg’s ownership period over the last 13 years, Visma’s world-class management team has delivered consistent revenue and profit growth of more than 20% per year, evolving from a business valued at under €450 million in 2006 into one valued at over €6.5 billion today.

Following completion of the transaction, Hg’s managed funds will own c.63% of Visma, alongside other significant co-investors including GIC, ICG, Montagu and CPPIB.

Nic Humphries, Senior Partner and Head of the Hg Saturn Fund said: “Working closely with Øystein Moan and his team over the last 13 years has been a pleasure.  Quite simply they are a world-class team, and great fun to work with.  They have built Europe’s leading SMB SaaS business. This is a testament to their technical competence and willingness to invest early and consistently for the long-term in new technologies that, in turn, bring great benefits to their nearly 1 million customers.  Hg were able to recognise the potential of SaaS well ahead of most investors because of our longevity and focus on the sector.   We are proud to have been by Øystein and Visma’s side every step of the way on this exciting journey for the last 13 years and many more in the future.”

Øystein Moan, CEO and Chairman of Visma said: “Hg is Europe’s largest and most consistent investor in software and SaaS businesses over the last 20 years, having led more software deals than any other private investor in Europe.  To have a partner with this background is a significant advantage for any management team and this experience has helped Visma on every step of our growth.  They have been, consistently, our largest investor over the last 13 years, demonstrating what long-term support really means.  I’m delighted that two world-class investors, Hg and CPPIB, have decided to invest further in the company.”

This investment re-enforces Hg’s position as Europe’s leading software investor.  Hg has led over 40 “platform” software investments and more than 200 bolt-on acquisitions, delivering industry-leading investment returns to its investors.  Successful software/SaaS investments include: Addison Software, Allocate Software, Computer Software Group, IRIS Software, P&I, RAET, Sequel, Sovos and over 30 others.

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