Tag Archives: Software

Ellie Mae to Acquire Capsilon to Deliver End-to-End Mortgage Automation

Franciso Partners

Transformative deal boosts AI capabilities and enables true digital mortgage

PLEASANTON, Calif. – Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry, announced today that it has signed a definitive agreement to acquire Capsilon, the leading provider of AI-powered mortgage automation software for mortgage lenders, investors, and servicers. With the acquisition of Capsilon, Ellie Mae is accelerating the vision of offering a fully digital mortgage by combining Ellie Mae’s Encompass™ Digital Lending Platform with Capsilon’s AI-powered solutions to create the most comprehensive end-to-end SaaS solution for companies in the mortgage industry.

“With the delivery of our next generation lending platform, we are accelerating our mission to automate everything automatable for the residential mortgage market. This includes making strategic acquisitions of best-in-class solutions to bring more value to the platform and the ecosystem faster,” said Jonathan Corr, president and CEO of Ellie Mae. “This is a significant day for the mortgage industry, as with the acquisition of Capsilon we are bringing together two market-leading companies and adding to our platform the pioneer of AI-powered intelligent automation leveraged by some of the largest lenders and servicers in the industry. As lenders and servicers continue to shift toward data-driven automation, we are excited to provide automated document recognition, classification and data extraction to further drive down costs and time of loan origination, acquisition and servicing.”

The acquisition increases the productivity of mortgage lenders, investors and servicers by automating critical business processes to create massive efficiencies throughout the mortgage lifecycle. Capsilon’s best-of-breed platform, Capsilon IQ, is used by companies across the mortgage industry, including six of the top 10 originators and servicers, to automate manual work and power their businesses with trusted data.

Additionally, the company recently introduced Capsilon Instant Underwriter, the mortgage industry’s first autonomous underwriting engine that leverages artificial intelligence, data extraction and process automation to complete underwriting tasks in seconds, with greater consistency, accuracy and less risk.

“The team at Capsilon has built the leading AI-powered platform that is changing the economics of the industry by enabling mortgage lenders and servicers to significantly increase profitability on each loan,” said Sanjeev Malaney, CEO and Founder of Capsilon. “By joining forces with Ellie Mae, we are excited to extend our capabilities and deliver unprecedented functionality through deep integrations with the Encompass Digital Lending Platform. This will help lenders leverage automation from consumer engagement through investor delivery and servicing. We believe this combination will offer value to all of our customers and integration partners, regardless of LOS or servicing platform.”

Ellie Mae was advised by Sidley Austin LLP as its legal counsel. Capsilon was advised by Jefferies as its financial advisor and Kirkland & Ellis LLP as its legal counsel in connection with the transaction.

For more information about the Ellie Mae Encompass Digital Lending Platform visit, https://www.elliemae.com/encompass/encompass-digital-lending-platform

About Ellie Mae

Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.

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Efficy strengthens its shareholding to speed up European expansion. Fortino Capital Partners joins forces with Efficy, a flexible and fully customizable CRM software solution

Fortino Capital

Antwerpen – Fortino Capital Partners joins forces with Efficy, a flexible and fully customizable CRM software solution developed for medium and large enterprises. The Efficy Group, which employs 165 people, is headquartered in Brussels but is also serving 6 other European countries (France, The Netherlands, Luxembourg, Germany, Switzerland and Spain).

A state-of-the-art and user-friendly CRM software solution
Efficy offers an all-in-one CRM (Customer Relationship Management) solution, developed specifically to meet the needs of medium and large enterprises. It serves today ~2,500 customers in 33 countries and benefits from outstanding customer loyalty. The solution is end-to-end and can be highly customized to clients’ needs as it is deployed by Efficy’s inhouse implementation team or by its wide integration ecosystem.

A state-of-the-art and user-friendly CRM software solution

Efficy offers an all-in-one CRM (Customer Relationship Management) solution, developed specifically to meet the needs of medium and large enterprises. It serves today ~2,500 customers in 33 countries and benefits from outstanding customer loyalty. The solution is end-to-end and can be highly customized to clients’ needs as it is deployed by Efficy’s inhouse implementation team or by its wide integration ecosystem.

With the breadth of functionalities, its local presence and fast implementation times, Efficy presents a very competitive proposition compared to other large US enterprise CRM vendors.

Growth opportunities

Over the past years, the Group has experienced double digit growth through a combination of organic growth and strategic acquisitions and recorded ~€20M in revenues last year. The last major acquisition by the Group was E-Deal (2018), which positions them today as one of the leaders in the Benelux & French markets. Both founders Cédric Pierrard and Robert Houdart have the ambition to further drive the consolidation of the European CRM market, which is still highly fragmented with many local solutions.

As a new partner, Fortino Capital will assist Efficy and can deploy more capital out of its €235M Growth Fund to fuel its development in existing geographies and further drive the existing buy & build strategy.  The leadership team remains onboard for the next phase of growth.

Matthias Vandepitte, Partner at Fortino Capital, explains: “We are delighted to embark on this journey together with Cédric and his team and to support them in realising their ambition. At Fortino, we have a strong expertise in business software and we look forward to supporting Cédric and his team on this new journey.“

Cédric Pierrard, founder of Efficy, adds: “Over the last 15 years, we have built a strong CRM software solution addressing the complex needs of clients all around Europe. In order to further ramp up Efficy’s growth and become the European leader, we were looking for a partner with the requisite experience and values as well as with the ability to further assist us in our international ambitions.“

Efficy is the fourth  investment of Fortino’s Digital Growth Fund, succeeding MobileXpense, Maxxton and Odin Groep.

VMB and Bird & Bird acted respectively as financial and legal advisors to Fortino Capital Partners. CMS was legal advisor to the Company.

About Fortino Capital Partners

Fortino Capital Partners is an investment company with a focus on technology and digital transformation. Our mission is to support ambitious management teams in realizing their growth plans. We invest in young companies (venture capital) and established companies (growth capital) where growth is an integral part of the strategy. Fortino has offices in Belgium and the Netherlands, and also invests beyond the Benelux. For more information, please visit www.fortinocapital.com

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. For more information, please visit www.efficy.com.

For more information please contact:

Laëtitia Baret lba@efficy.com +33 6 13 03 63 67

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Francisco Partners completes the sale of ClickSoftware to Salesforce for $1.4 Billion Enterprise Value

Franciso Partners

San Francisco and London – Francisco Partners, a leading technology-focused global private equity firm, today announced it has completed the sale of ClickSoftware (“Click”) to Salesforce (NYSE: CRM) for an enterprise value of $1.4 billion. Francisco Partners took Click private in 2015.

Click is a leading provider of field service management solutions and optimization technology. The company arms field service professionals and mobile workers with innovative, AI-driven technologies and real-time schedule and route optimization at scale to improve their efficiency and effectiveness. Founded in 1997, Click is a pioneer in applying complex algorithms and artificial intelligence to workforce management and today helps manage over 1 million field resources around the world in a wide variety of industries including for organizations like Bosch, Deutsche Telekom and Unisys.

“Over the years, Click has built a leading product and a very strong market position. We are very proud to have been part of the company’s journey and wish all its employees continued success as part of Salesforce,” said Matt Spetzler, partner at Francisco Partners. “It has been a pleasure to partner with the Click team for these last four years and help them become a true global leader in Field Service Management,” commented Petri Oksanen, partner at Francisco Partners.

“The Click team has built an incredible company. We believe they are very well positioned for continued success as part of Salesforce,” added Mario Razzini, principal at Francisco Partners.

“Francisco Partners was a great partner for Click over the last few years,” said Mark Cattini, CEO of ClickSoftware. “Their strategic advice and the resources they contributed helped us improve many aspects of our business and accelerate revenue growth.”

“This is a fantastic outcome for ClickSoftware and Francisco Partners,” said Dipanjan Deb, Co-Founder and Chief Executive Officer of Francisco Partners. “Our investment in Click is a testament to our strategy of complexity arbitrage: we bought an orphaned public company, committed the full resources of the firm to improve the business across multiple dimensions, and ultimately sold to a strategic buyer.”

Goldman Sachs acted as the exclusive financial advisor and Paul Hastings acted as legal advisor to Francisco Partners.

About Francisco Partners

Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch 20 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 275 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 on Francisco Partners, please visit: www.franciscopartners.com

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Francisco Partners to Acquire Orchard Software

Franciso Partners

Acquisition positions company to focus on growth opportunities

SAN FRANCISCO – Francisco Partners (“FP”), a leading technology-focused private equity firm, today announced its intent to acquire Orchard Software Corporation (“Orchard”), a privately owned company specializing in developing and supporting award-winning Laboratory Information Systems (LIS) that enhance clinical and pathology laboratory workflow, as well as support laboratory outreach and point-of-care testing (POCT).

“We look forward to the partnership with the FP team and are excited about fueling what has made Orchard successful with additional expertise and capital to accelerate our growth and continue to bring innovation to our customers”, said Rob Bush, Founder and CEO. As part of the transaction, Billie Whitehurst, will succeed Bush as CEO. Whitehurst has more than 20 years of experience leading high growth health information technology businesses, most recently serving as Senior Vice President at Netsmart. Prior to that, Whitehurst held senior roles at Change Healthcare and McKesson.

“Francisco Partners’ deep experience in healthcare technology and proven track record in nurturing and growing technology businesses will enable Orchard Software’s loyal base of employees to continue delivering market leading solutions and new innovations,” said Whitehurst.

Orchard specializes in seamless integration, advanced rules-based decision support, and data analytics. Their strength comes from developing collaborative partnerships with clients to deliver the very best solutions on the market. Orchard has been a leader in KLAS rankings since 2002 and remains the top LIS in the community and ambulatory laboratory markets. For the eighth year in a row and ninth time overall since 2009, Orchard Software was named to the Indianapolis Star’s Top Workplaces list for 2019.

“Orchard has been the pioneer in the LIS industry, developing market-leading products and maintaining strong, long-standing customer relationships,” said Jonathan Murphy of Francisco Partners. “They are well positioned to continue to drive product innovation in the LIS market, and we are excited about the opportunity in POCT and partnering with the team to accelerate the company to new levels of growth and impact for laboratorians across the US.”

Wilson Sonsini Goodrich and Rosati served as legal advisor to Francisco Partners. Brentwood Capital Advisors served as financial advisor to Orchard Software and Bose McKinney & Evans LLP served as legal advisor.

About Orchard Software Corporation

Orchard Software Corporation, founded in 1993, is a leader in the laboratory information system industry and offers a variety of laboratory system solutions. Orchard’s products are installed in all sizes of multi-site and multi-specialty physician groups and clinics, hospitals, independent reference labs, student health centers, veterinary labs, and public health organizations. Orchard serves more than 1,500 laboratories across the country, helping them improve efficiency, reduce errors, and enhance integration. For more information on Orchard Software Corporation, visit www.orchardsoft.com.

About Francisco Partners

Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch 20 years ago, Francisco Partners has raised over $14 billion in 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 knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

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TA Associates Announces Minority Investment in MISA

TA associates

BOSTON and HONG KONG – TA Associates, a leading global growth private equity firm, today announced that it has completed a minority investment in MISA Joint Stock Company (“MISA”), a leading software provider in Vietnam. Financial terms of the transaction were not disclosed.

Founded in 1994, MISA provides accounting, financial, enterprise resource planning (“ERP”) and business management software to enterprises, government and individuals across Vietnam. The Company serves more than 70,000 government sector clients and 100,000 small and medium-sized enterprise (“SME”) clients across the country. MISA has more than 1,500 employees throughout its offices in Hanoi, Da Nang, Buon Ma Thuot, Ho Chi Minh City and Can Tho.

“MISA is among the software industry leaders for both the public and private sectors in Vietnam, with a high quality business model and an impressive history of generating meaningful growth,” said Edward Sippel, a Managing Director at TA Associates and Co-head of Asia operations of TA Associates Asia Pacific Ltd who will join the MISA Board of Directors. “With its innovative product offerings, talented management team and commitment to customer service, we believe that MISA is well positioned to capitalize on both organic and inorganic growth opportunities. We are excited about this partnership, and are looking forward to working collaboratively with the MISA team.”

“Since establishing MISA more than 25 years ago, we have strived to design and deliver software solutions that are effective and user-friendly for our dedicated customer base,” said Long Lu Thanh, Founder and Chairman of MISA. “As we seek to aggressively scale our business model and augment growth through a variety of new services, it is critical to have a genuine partner by our side who is fully aligned with and supportive of our go-forward strategy, understands the software industry well and provides impactful value-add. We have found that partner in TA Associates, and we look forward to leveraging their deep global experience within the software sector and technology space to help take our company to the next level.”

“To date, our team has worked diligently to help change the level of productivity and efficiency of individuals and organizations throughout Vietnam,” said Dinh Thi Thuy, Chief Executive Officer of MISA. “As a quality investor with a true global reach, we believe that TA Associates will play a key role in helping us expand into new markets to promote sustainable growth within our business. We welcome TA to the MISA family.”

“Given Vietnam’s rapid development as an attractive emerging market, the country’s software industry is enjoying significant growth, particularly as companies are beginning to acknowledge and comprehend the benefits of capital expenditure savings that cloud software provides,” said Jonathan Meeks, a Managing Director at TA Associates. “Because of this, we believe that MISA is well-positioned to maintain its growth trajectory by continuing to secure new clients and contracts within government agencies and prominent enterprises while simultaneously transitioning to even more advanced cloud-based SaaS products. We sincerely thank the MISA team for this partnership opportunity.”

About MISA
MISA is an accounting, financial, ERP and business management software provider for enterprises, government and individuals across Vietnam. The company has more than 70,000 government sector clients and 100,000 SMEs, retail, and food and beverage clients across Vietnam. For more information, please visit www.misa.com.vn/en.

About TA Associates
TA Associates is one of the most experienced global growth private equity firms. 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 $32.5 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 85 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.

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Teamleader acquires software company Yadera: “a perfect match”

Fortino Capital

Today, we are proud: proud to announce that the Belgian software company Yadera is now under the wings of our portfolio company Teamleader! With this acquisition, they welcome a fine team with outstanding software into the Teamleader family.

Since 2012, Teamleader has been committed to simplifying the work of small and medium-sized companies. This acquisition strengthens the position of Teamleader as the all-in-one solution for SMEs.

“A perfect match”

The current Teamleader offering – a simple tool that combines CRM, project management and invoicing – is aimed at small service companies, such as construction professionals and a wide range of agencies. Yadera’s software describes itself as ‘Professional Services Automation’ and simplifies the daily work of medium-sized companies, such as creative agencies, marketing agencies, consultancy and IT companies. A great combination!

“We can now grow with customers who are expanding their business and getting bigger.”

Read more about this acquisition on Teamleader’s Blog.

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ClickSoftware to be Acquired by Salesforce for $1.4 Billion Enterprise Value

Franciso Partners

San Francisco and London – Francisco Partners, a leading technology-focused global private equity firm, today announced it has entered into a definitive agreement to sell ClickSoftware (“Click”) to Salesforce (NYSE: CRM) for an enterprise value of $1.4 billion. Francisco Partners took Click private in 2015.

Click is a leading provider of field service management solutions and optimization technology. The company arms field service professionals and mobile workers with innovative, AI-driven technologies and real-time schedule and route optimization at scale to improve their efficiency and effectiveness. Founded in 1997, Click is a pioneer in applying complex algorithms and artificial intelligence to workforce management and today helps manage over 1 million field resources around the world in a wide variety of industries including for organizations like Bosch, Deutsche Telekom, Ericsson and Unisys.

“Since inception, Click has had a unique technology to optimize service. It has been our pleasure to partner with the Click team for these last four years as we worked with them to accelerate innovation and growth,” said Matt Spetzler, partner at Francisco Partners. “We are grateful for the opportunity to support Click and all of its great employees. We wish them continued success as part of Salesforce,” added Petri Oksanen, partner at Francisco Partners.

“Francisco Partners provided valuable strategic support, capital, and resources that allowed us to execute on a strong strategic vision,” said Mark Cattini, CEO of ClickSoftware. “They were an exceptional partner for us and worked closely with our team to help improve many aspects of our business and accelerate growth.”

Goldman Sachs acted as the exclusive financial advisor and Paul Hastings acted as legal advisor to Francisco Partners.

Additional detail on the transaction can be found here: https://www.salesforce.com/company/news-press/press-releases/2019/08/190708-d/

About Francisco Partners

Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 275 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 on Francisco Partners, please visit: www.franciscopartners.com

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Gimv sells stake in thinkstep AG, the Stuttgart-based specialist in sustainability software.

GIMV

Gimv, together with all other shareholders, is selling its stake in Stuttgart-based software firm thinkstep AG (www.thinkstep.com) to US software provider Sphera Solutions. Thanks to the long-term support of all investors, thinkstep has grown substantially and successfully transformed its business model into a software-as-a-service solution (SaaS).

Headquartered in Leinfelden-Echterdingen near Stuttgart, thinkstep was founded in 1991 as a provider of software and consulting services supporting companies globally in sustainability management and reducing their environmental footprint. In the last few years, thinkstep has continuously expanded its impressive customer base and now serves over 2,000 clients in 20 industries, including a large number of Fortune 500 companies in Germany and around the world.

thinkstep AG operates in three fields. Corporate Sustainability introduces and implements sustainability processes, such as enterprise-wide energy management, corporate social responsibility management and active resource optimization. Product Sustainability helps clients take account of environmental issues early in the design stage in order to fully integrate adequate measures into product management and production processes. thinkstep’s Product Compliance solution identifies and mitigates compliance and reputation risks at an early stage.

Gimv first invested in thinkstep in 2010, acquiring a minority stake alongside Next47 with the aim to provide capital, know-how and connections to help the firm expand globally, strengthen its operations, and switching from a licence-based model to SaaS. Over time, Gimv and Next47 gradually increased their investment while some of the founders remained on board as minority shareholders. In this way, thinkstep has expanded to become a world-leading software provider in enterprise sustainability and compliance solutions. The exit of the current shareholders and the planned integration of the business into the operations of Sphera marks the next step in the company’s successful development.

Dr. Sven Oleownik, Partner and Head of Germany at Gimv, says, “Over the past few years, thinkstep has undergone a remarkable transformation and fundamentally converted its business model. Global activity and technological development have been driven forward, all on the back of an extremely loyal customer base. Rising expectations among both investors and consumers for companies to do business in an ethical and environmentally conscious way result in a highly attractive and rapidly expanding market for sustainability solutions. thinkstep is therefore ideally positioned for the future and will continue to extend its market leadership under its new owners.”

Lisa Hengerer, Associate at Gimv’s Smart Industries platform in Munich, adds: “thinkstep has been another success within the software segment of Gimv’s Smart Industries platform. This sale to a global industrial player from the US is an excellent example how Gimv Smart Industries supports its portfolio companies in their strategic development and on their growth path to become attractive for an international renowned industrial player like Sphera Solutions.”

This exit has no major impact on the Net Asset Value of Gimv as of 31 March 2019. The transaction is subject to the usual conditions, including approval by the competition authorities. No further financial details on this transaction are being published.

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Black Mountain Systems Announces Acquisition by Vista Equity Partners

Vista Equity

SAN DIEGO–(BUSINESS WIRE)–Black Mountain Systems, LLC (“Black Mountain”), the leading provider of innovative workflow software solutions to credit investors and alternative asset managers, announced today that it is being acquired by Vista Equity Partners (“Vista”), a leading investment firm focused on enterprise software, data and technology-enabled businesses.

“Black Mountain has long been the standard-bearer for process management and portfolio monitoring solutions in its field”

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Vista’s investment in Black Mountain will help drive the software company’s continued growth domestically and internationally, while also providing new capital to invest in the development of Black Mountain’s state of the art platform and tailored solutions for data aggregation, process management, and business reporting.

“We’re thrilled to become a part of the Vista family and look forward to the myriad of ways that their investment will help us grow our company, better serve our customers, and expand our team,” said Black Mountain founder and co-CEO Kevin MacDonald. “We look forward to working with them as we enter this next chapter.”

“This investment is a significant milestone for our company, our employees, and our customers,” said Black Mountain co-CEO Andy Horwitz. “We’ve already established ourselves as the market leader in workflow software for credit, structured credit, and alternative asset managers and now we have a partner in Vista who will help us leverage and build upon that leadership position with financial and intellectual capital to accelerate our growth.”

Black Mountain’s software and data aggregation capabilities provide mission critical solutions and valuable insights to a customer base that includes 50 of the top 100 Collateralized Loan Obligation managers, leading private debt funds, commercial banks and alternative asset managers, representing more than two trillion dollars in total assets under management.

“Black Mountain has long been the standard-bearer for process management and portfolio monitoring solutions in its field,” said Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners. “We’re looking forward to working with this talented and innovative company to push it even further ahead of the competition, unlocking new value for both customers and stakeholders.”

Black Mountain’s current investor, Stone Point Capital LLC (“Stone Point”), acquired the software company in 2015. Stone Point will exit its partnership with Black Mountain upon its sale to Vista, which is subject to customary closing conditions and regulatory approvals.

“We thank Andy Horwitz, Kevin MacDonald and the Black Mountain team for an outstanding partnership,” said Chuck Davis, CEO of Stone Point. “Black Mountain has achieved significant growth in revenue and profitability since our investment in 2015, and we wish the company much continued success under Vista’s ownership.”

Jefferies LLC served as the exclusive financial advisor to Black Mountain, and Kramer Levin Naftalis & Frankel LLP was the company’s legal advisor. SunTrust Robinson Humphrey acted as financial advisor to Vista, and Kirkland & Ellis served as Vista’s legal advisor.

About Black Mountain Systems

Black Mountain is a software company that offers highly configurable solutions including portfolio management, trade order management, compliance, research management, investment accounting, performance attribution, customer relationship management, investor reporting, enterprise data management and data warehousing. Clients consist of many of the world’s leading investment managers, credit funds, hedge funds, private equity, direct lenders and banks who use the company’s platform to manage all varieties of loans, fixed income, alternatives, derivatives, equities, and FX. Black Mountain’s software can be configured to model any business process, store any data, integrate with any system, and provide transparency for all of the above in any format. For more information about Black Mountain visit: www.blackmountainsystems.com

About Vista Equity Partners

Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago, New York City, Oakland, and San Francisco and more than $46 billion in cumulative capital commitments. Vista exclusively invests in enterprise software, data, and technology-enabled organizations led by world-class management teams. As a value-added investor with a long-term perspective, Vista contributes professional expertise and multi-level support towards companies to realize their full experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity. For more information, please visit www.vistaequitypartners.com.

About Stone Point Capital

Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed seven private equity funds – the Trident Funds – with aggregate committed capital of approximately $19 billion. Stone Point targets investments in companies in the global financial services industry, including asset and wealth management; advisory, broker-dealers and merchant trading; banking institutions; HR benefits and employer services; insurance underwriting; insurance distribution and services; managed care and healthcare services; outsourcing and technology; real estate finance and services; and specialty finance and non-bank lending. For more information, please visit www.stonepoint.com.

Contacts

For Black Mountain Systems:
Liz Speier
lspeier@blkmtn.com

For Vista Equity Partners:
Alan Fleischmann
vista@laurelstrategies.com
202-776-7776

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CPA Global and ipan/Delegate Group announce closing of merger and future outlook for the combined organization

Castik Capital

IP management and technology companies CPA Global® and ipan/Delegate Group today announce the closing of their previously announced merger.

The new organisation will deliver best-in-class technology and integrated software, and IP services solutions for corporations and law firms globally. These solutions will offer a unique customer experience and superior service supported by the global footprint of our combined team.

Simon Webster, CEO of the combined group, commented: “I am delighted to announce that we are now one company. The combination of our two companies and the great teams that work within each of them will accelerate our primary focus of delivering solutions that meet our customers’ most important intellectual property management needs.”

Patrice Durand, CEO of ipan/Delegate, commented: “We’re very excited to start working with the CPA Global teams on bringing our joint vision to life. We aim at driving innovation to the benefit of the IP industry, to improve interactions between our customers, partners and teams.”

About CPA Global

CPA Global is a trusted IP management company, leading by blending new technology with unrivalled expertise to better many of the world’s respected corporations and law firms. Delivered by an outstanding global team of 2400 people, our integrated offering sets the standard for reliability and secure, verified IP data. For our customers, we minimise risk and deliver actionable IP intelligence for better decision making. Put simply, we take the hassle out of IP management, liberating our customers to focus on what they do best.

About ipan/Delegate Group

ipan/Delegate Group was formed in 2018 through the combination of Intellectual Property Associates Network (ipan) and Delegate (formerly Valipat/Envoy). Headquartered in Brussels, Belgium and Munich, Germany with offices globally, the Group’s customer centric approach to optimizing process and innovative web enabled platforms has made it the solution of choice for IP owners and law firms across the world. The Group offers services for annuities and renewals, EP validations, IP foreign filing and IP Recordals and three Intellectual Property Management Software (IPMS), namely Unycom, IPSS and IPfolio.

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