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Back to blog August 20, 2018 No Comments Author: Andy Jones

Private Equity Investing in Technology Companies

For the first half of 2018, private equity firms had a strong emphasis on acquiring Technology companies. Here are a few sample transactions:

Private Equity Firms Acquiring Technology Companies – Sample Transactions

January 2018 – Reston, VA

Rotunda Capital Partners invested $20 million into StreetShares Inc.

Street Shares is a fintech lender that uses data and technology in a proprietary model to provide small business credit such as loans, lines of credit and government contract financing to veteran owned small businesses.

 

February 2018 – Rutherford, NJ

EagleTree Partners acquired a majority stake in Airtech Group.

Airtech designs and manufactures a wide range of highly engineered pressure technology products including vacuum pumps, regenerative blowers, compressors and valves.

 

February 2018 – Missoula, MT

Summit Partners was the lead investor in onXmaps, Inc. for a $20.3 million growth equity capital raise.

onXmaps is a provider of mobile and web-based off-pavement maps and GPS technology.

 

February 2018 – Seattle, WA

Visionary Private Equity Group acquired a majority of Shop4e.

Shop4e is a foreign market focused, e-commerce technology company.

 

March 2018 – Claremont, NH

Acacia Partners made a minority, growth equity investment in Red River.

Red River is a technology transformation company that serves clients with the capabilities and technology required to solve critical data center, security, analytics, cloud, networking, collaboration and mobility challenges.

 

April 2018 – San Diego, CA

Morgan Stanley Expansion Capital made a strategic investment in VizExplorer.

VizExplorer is a business intelligence software company. Via its proprietary visualization technology, the company offers operational intelligence solutions to enterprise customers within the regulated, land-based gaming and entertainment verticals to provide gaming floor optimization, visitor behavior analytics and customer marketing.

 

June 2018 – San Francisco, CA

SigFig raised $50 Million in Series E Funding led by General Atlantic.

SigFig is a financial technology company powering the future of banking for banks, advisors, and consumers. SigFig’s Wealth Management Platform provides consumers with high-quality advice and guidance regardless of wealth level.

 

June 2018 – Raleigh, NC

Marlin Equity Partners acquired Bulk TV & Internet and DCI Design Communications LLC and merged the two companies.

Bulk TV | DCI offer a network technology platform for video, internet and voice communication, including free-to-guest television and network connectivity solutions, to the lodging and institutions industry.

 

June 2018 – New York, NY

ZMC II, L.P. acquired a majority stake in CafeMedia, replacing founding venture investors Highland

Capital Partners and DFJ.

AdThrive is a provider of managed programmatic advertising monetization services and technology to high-volume, premium bloggers and independent online publishers.

 

July 2018 – Atlanta, GA

Patientco raised $28 million in growth capital from Accel-KKR, with participation from existing investor BlueCross BlueShield Venture Partners / Sandbox Advantage Fund.

Patientco is a provider of a PCI and HIPAA-compliant technology platform that provides clients an enterprise-wide solution for managing patient financial communications, patient payments through any channel and revenue cycle reconciliation.

 

July 2018 – New York, NY

Carrick Capital Partners invested $80 million in Exiger for a minority stake.

Exiger provides regulatory, financial crime, risk and compliance solutions. Exiger arms financial institutions, multinational corporations and governmental agencies with the practical advice and technology solutions to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities.

 

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