CHICAGO, April 6, 2017 / Sphera Solutiions, the largest global provider of Operational Excellence software and information services with a focus on Operational Risk, Environmental Health & Safety (EH&S), and Product Stewardship, has announced the acquisition of Rivo Software, a leading global provider of cloud-based environmental, health, safety, and risk management software.
The acquisition serves to expand Sphera's portfolio of cloud-based applications, enhance its breadth of health and safety software solutions and services, and further increase its global presence. Importantly, Sphera is expanding its deep talent base of software developers and industry experts with Rivo's experienced software development and product teams.
With an innovative suite of mobile solutions—operated through apps for iOS, Android and Windows mobile platforms—Rivo helps some of the world's best known brands manage incidents, audits and inspections, corrective actions, and other corporate risk and compliance reporting. A recognized leader in the health and safety market, with a predominant presence across Europe, the Middle East, and Asia-Pacific, Rivo's software is designed to provide visibility and control over enterprise-wide risk, ensuring businesses can be resilient in today's global operating environment.
"We believe it is critical to continue innovating and expanding our world-class products and services," said Sphera President and CEO Paul Marushka. "With Rivo's technology, Sphera now has the unique ability to offer customers the optimal flexibility—with both on-premise and cloud-based software options for managing risk and compliance."
For Rivo customers, the acquisition provides unparalleled access to a new and robust suite of complementary products as well as access to the largest library of regulatory information and content. Customers also benefit from the industry's largest, most experienced team of technical and product experts, and customer care specialists.
"This represents a significant win for the Rivo customer base," said Kennet Partners' Managing Director and former Rivo Board Member Hillel Zidel. "Sphera has led the Environmental, Health and Safety software and services market for more than a quarter century, and will instantly deliver value and depth with its people, processes and products."
Rivo's software expands Sphera's cloud-based applications by delivering valuable new product features, functionality and technology to both Sphera and Rivo customers.
"This transaction represents Genstar's continued commitment to invest in Sphera through organic and inorganic means," said Geoff Miller, Principal at Genstar Capital. "The Rivo acquisition builds upon Sphera's leading presence in the marketplace and enterprise-wide integrated risk management platform."
Sphera is a portfolio company of Genstar Capital, a leading middle-market private equity firm, which acquired the OERM business (now Sphera) from IHS Markit in June 2016. Prior to the acquisition, Rivo was backed by leading technology investors Kennet Partners and Eight Roads Ventures. Marks Baughan Securities acted as exclusive financial adviser to Rivo Software Limited. Financial terms of this transaction were not disclosed.
For more information please visit www.spherasolutions.com/rivo
About Sphera Solutions
For more than 30 years Sphera has been committed to creating a safer, more sustainable and productive world by advancing operational excellence. Sphera is the largest global provider of Operational Excellence software and information services with a focus on Environmental Health & Safety (EH&S), Operational Risk and Product Stewardship. The Chicago-based company serves more than 2,500 customers and over 1 million individual users across 70 countries. Sphera is a portfolio company of Genstar Capital, a leading middle-market private equity firm focused on the software, industrial technology, financial services and healthcare industries. Learn more at www.spherasolutions.com. Follow Sphera on LinkedIn and Twitter @SpheraSolutions.
About Genstar Capital
Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for more than 25 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 manages funds with total capital commitments of approximately $9 billion and targets investments focused on targeted segments of the healthcare, financial services, software, and industrial technology industries. More information at http://www.gencap.com/.
About Kennet Partners
Kennet is a leading international growth equity firm that invests in high-growth companies in Europe and North America. Kennet supports entrepreneurial technology businesses with expansion capital to accelerate growth and build exceptional shareholder value. Kennet is an experienced investor with approximately $700 million in funds under management. For more information: www.kennet.com. Kennet Partners Limited is authorized and regulated in the United Kingdom by the Financial Conduct Authority.
About Eight Roads Ventures
Eight Roads Ventures is a global venture capital firm that backs entrepreneurs with aspirations for greatness. Together with its associated funds it manages $4 billion of capital across offices in the United Kingdom, India, China, Japan and the United States. A near 50-year history of investing includes partnerships with companies such as Alibaba, CloudByte, Cúram, Future Advisor, GoodData, InnoGames, iPipeline, MADE.com, Manthan Systems, Metaps, Nuance, Ping Identity, Prosper, Treatwell, Recurly, Wallapop and Xoom. More information at https://eightroads.com/en/ventures. Follow @8roadsventures.
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Vienna, Austria -- January 23 2017 Tricentis, raises $165 million from Insight Venture Partners to Deliver Continuous Testing at the Speed of DevOps.
A little-known Austrian software company is looking to snatch business from established players HP Enterprise (HPE) and IBM in the market for software testing tools, after raising $165 million from a U.S. private equity firm.
Tricentis, founded in Vienna in 2009 and now headquartered in the Silicon Valley town of Los Altos, has emerged as a leader in automating how big businesses test and deploy software, despite having raised little outside funding previously.
On Monday, the company said it will receive $165 million in financing from Insight Venture Partners, a software-focused private equity firm based in New York. Previously, Tricentis relied on "bootstrap" funding from its own operations and had taken only one outside financing round, a $9 million early-stage investment from Frankfurt-based venture firm Viewpoint, now part of Kennet Partners, in 2012.
As part its investment, Insight bought out Kennet's stake in Tricentis and is now its sole outside shareholder. Pacific Crest Securities acted as financial advisor to Tricentis, it said. The company, which counts 120 employees in Vienna, 25 in the United States and roughly another 120 employees around the world, is looking to use its new financial backing to dramatically boost its sales efforts in the U.S. market, where it employed just five sales people, CEO Sandeep Johri said.
"We can take Tricentis into becoming a global company," Johri told Reuters. "We have all the ingredients to really scale it."
The company currently counts more than 400 corporate and government customers concentrated in Central Europe, the United States, Australia and India. They include Allianz, BMW, Starbucks, Deutsche Bank, Orange, Toyota and UBS.
Tricentis ranks as the leader in software test automation by research firms Gartner and Forrester, a market where it has made inroads against established players HPE (HPE, +3.57%), IBM (IBM, +0.71%), and a variety of startups by taking a highly automated approach to testing in contrast to older script-based approaches of rivals, Johri said. Demand for Tricentis tools is being propelled by the wider shift to "agile" programming techniques where software developers at big companies rely on small, informal teams and rapid development cycles to deliver software more efficiently.
Broadly speaking, the global software testing market is estimated to generate $34 billion in 2017, according to market research firm Nelson Hall. Companies such as HPE and IBM hold big chunks of this market with software testing lines that boast broad product offerings, but also date back up to 20 years.By focusing on automating up to 90% of the work of software testing, Johri said Tricentis can take market share from more manual testing approaches of rivals, in what he says is a multi-billion-dollar slice of the software testing market.
About Tricentis
Tricentis, the Continuous Testing Company, specializes in agile market leading software testing tools for enterprises. We help Global 2000 companies adopt DevOps and gain success by achieving automation rates of over 90%. Our integrated software testing solution, Tosca Testsuite, consists of a unique Model-based Test Automation and Test Case Design approach, encompassing risk-based testing, test data management and provisioning, service virtualization, and more. We are established as a reliable enterprise partner, helping to deliver significant performance improvements to testing projects.
Prominent analysts have recognized us as a Leader in both Software Test Automation and in Functional Automation Tools, with Model-based Test Automation as our standout feature. Tricentis’ 400+ customers include global names from the Top 500 brands such as ExxonMobil, HBO, Whole Foods, Toyota, Allianz, BMW, Starbucks, Deutsche Bank, Lexmark, Orange, A&E, Vantiv, Vodafone, Telstra and UBS.
Tricentis has offices in Austria, Australia, Germany, India, Netherlands, Switzerland, Poland, United States and the UK.
About Insight Venture Parnters
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth software, mobile and internet companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $13 billion and invested in more than 250 companies worldwide. Our mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit http://www.insightpartners.com or follow us on Twitter: @insightpartners.
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New York, NY-- September 08 2016 Nuxeo, developer of a leading Enterprise Content Management (ECM) platform which enables organizations to manage complex digital content at massive scale, today announced that Goldman Sachs has made a $20 million investment in the company. This adds to the $10 million commitment by Kennet Partners announced in June, for a total of $30 million.
Some of the investment will be used to fuel the continued development of Nuxeo's market leading content and digital asset management platform and expand sales and marketing capacity throughout North America, Europe and Asia.
"Today's enterprises face increasing content and digital asset management challenges, especially when it comes to the increasing complexity, volume and diversity of digital content and its delivery channels," said Eric Barroca, CEO, Nuxeo. "At Nuxeo, we're delivering consistent innovation to address these challenges with the flexible, high-performance platform today's enterprises need to manage growing volumes of complex digital content. With this additional investment from Goldman Sachs we will further accelerate our technical leadership while fortifying our global sales, support and marketing operations to capitalize on this significant market opportunity.
Nuxeo has already demonstrated a significant technology lead, with cloud-scale performance, a native NoSQL persistence engine and advanced analytics. With this investment the company will further these advancements with more NoSQL back ends, connectors for additional Big Data analytics solutions and Machine Learning engines and enhanced mobile and cloud connectivity. This increased investment will also enable Nuxeo to rapidly invest in its sales and customer service capacity in North America while building a greater business presence in Northern Europe and Japan.
Christian Resch at Goldman Sachs Private Capital, will join the Nuxeo board.
"With its growing complexity enterprises find it increasingly challenging to effectively use and manage digital assets," said Christian Resch. "With this new investment, Nuxeo is strategically positioned to capitalize on this opportunity by accelerating innovation and further building its impressive roster of customers across a large and diverse set of markets."
About Nuxeo
Nuxeo provides an extensible and modular Enterprise Content Management Platform enabling architects and developers to easily build and run business applications. The Nuxeo Platform offers modern technologies, a powerful plug-in model and extensive packaging capabilities for Document Management, Digital Asset Management and Case Management applications. Over 1,000 organizations rely on Nuxeo to run business-critical applications, including the IRS, Electronic Arts, Verizon, Sharp, Capital One, and the U.S. Navy. Nuxeo is headquartered in New York and Paris. More information is available at www.nuxeo.com.
About Goldman Sachs Private Capital Investing
Goldman Sachs Private Capital Investing ("PCI") is Goldman Sachs' investment platform dedicated to providing long term capital to growth and middle-market companies throughout Europe and Israel. PCI Invests $20 to $150 million per transaction in the form of common, preferred and structured equity.
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12 July 2016 Rakuten Marketing announced that it has acquired Nextperf, a company with advanced machine learning for real-time ad and creative optimisation. While increasing its presence in Europe, this integration complements the existing Rakuten Marketing display technology with enriched user scoring and ad intelligence.
These enhancements to Rakuten Marketing award-winning ad technology follow recent investments in mobile, social and cross-device technologies, as well as the activation of data intelligence from across the Rakuten network. By reinforcing its long-standing capabilities with Nextperf ad intelligence, Rakuten Marketing is demonstrating its continued pursuit to empower marketers with the most effective technology for shaping consumer experiences and improving multi-channel performance.
“Rakuten Marketing highly values technological innovation, and the best way to deliver optimal performance to our clients is by continuously evaluating how we can improve and advance our offerings,” said Tony Zito, CEO, Rakuten Marketing. “We welcome Nextperf as a strategic addition to our technology and an anchor for expanding our presence in continental Europe.”
“We’re excited about the opportunities that lie ahead for Nextperf and our team as we join forces with Rakuten Marketing,” says Nextperf CEO, Vincent Karachira. “Throughout the process, we have been impressed with Rakuten Marketing’s vision to empower marketers, and are eager to deliver that vision to our clients globally.”
About Rakuten Marketing
Rakuten Marketing is the global leader in omnichannel marketing, delivering its vision of driving the omni experience – marketing designed for a streamlined customer experience. Offering an integrated strategy that combines consumer centric insights with e-commerce expertise, Rakuten Marketing’s omnichannel services include Rakuten Affiliate Network (formerly LinkShare), Rakuten Display, Rakuten Search and Rakuten Attribution.
Operating as a division of Rakuten Inc. (4755: TOKYO), one of the world’s leading Internet service companies, Rakuten Marketing is headquartered in New York City, with additional offices in Australia, Brazil, Japan, the United Kingdom, and throughout the United States.
About Nextperf
Nextperf is a world leader in retargeting solutions and artificial intelligence applied to online advertising. The company is active throughout Europe as well as in Brazil and North America, and boasts a portfolio of nearly 1,000 clients for whom it guarantees the highest market ROI. Nextperf provides a scalable platform that allows marketing departments to manage their display budget alongside real-time analysis of user profiles, purchases and dynamic content creation. Constantly innovating, the company develops new models (skin retargeting, web to store, consumer advice within banners, video) and is able to carefully segment its targets.
Further information is available on the Nextperf website: http://www.nextperf.com/
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New York, USA -- June 08 2016 Nuxeo, developer of a leading Enterprise Content Management (ECM) platform which enables organizations to manage complex digital content at massive scale, announced today that it has closed a financing round with $10 million committed by Kennet Partners. The capital will be used to expand sales capacity in North America and support international growth in Europe and Asia.
Since its last funding in 2013, Nuxeo has experienced substantial growth, particularly in the US which now represents half of the company's revenues, and has established itself as a key challenger in the ECM market.
Over the last year, the company has announced several innovations which address the evolving ECM market. These include NoSQL technology with Elasticsearch-based native indexing and a native persistence engine for MongoDB, native cloud support (including native connectors and UX integrations for Dropbox, Google Drive, Microsoft OneDrive and Box) and advanced scaling capacity. As a result, Nuxeo is better able to support core, business critical applications for its customers as they transition to a digital-first workplace.
"The ECM market is facing a significant transformation due to three major disruptions: complexity of data, volume of digital content, and diversity of delivery channels. As such, legacy systems are not equipped to face the rapidly evolving enterprise requirements for managing content. This investment will help us respond to the increasing demands for a flexible, extensible and powerful platform by accelerating the hiring of world-class developers and growing our international presence in areas such as Northern Europe and Asia," said Eric Barroca, CEO at Nuxeo.
The new investment from Kennet Partners will fuel growth and be used to continue the development of Nuxeo's innovative platform for the management of complex digital assets and to reinforce sales & marketing worldwide.
"Nuxeo is transforming the way enterprises are building content management applications by creating the high performing and scalable systems needed to manage increasingly rich content. We're very impressed with the market traction Nuxeo is generating and we're excited to be working with Nuxeo as they continue their global expansion," said Michael Elias, Managing Director at Kennet Partners.
About Nuxeo
Nuxeo provides an extensible and modular Enterprise Content Management Platform enabling architects and developers to easily build and run business applications. The Nuxeo Platform offers modern technologies, a powerful plug-in model and extensive packaging capabilities for Document Management, Digital Asset Management and Case Management applications. Over 1,000 organizations rely on Nuxeo to run business-critical applications, including the IRS, Electronic Arts, Verizon, Sharp, Capital One, and the U.S. Navy. Nuxeo is headquartered in New York and Paris. More information is available at www.nuxeo.com.
Waterloo, ON -- June 2 2016 Open Text Corporation (NASDAQ: OTEX) (TSX: OTC), a global leader in Enterprise Information Management, announced today that it has entered into a definitive agreement to acquire privately-held Recommind, Inc., a leading provider of eDiscovery, and information analytics. Recommind’s SaaS and managed services solutions include, Axcelerate for eDiscovery review and analysis, Perceptiv for contract analytics and Decisiv for enterprise-wide information access.
With this acquisition, Recommind's market-leading eDiscovery solution will complement OpenText’s own leading enterprise information management (EIM) solutions. In addition, this acquisition is expected to expand OpenText’s expertise in cloud and developing and using analytics to solve concrete and expensive business problems.
Terms of the Agreement
The transaction purchase price is approximately $163 million. The solutions being acquired are expected to generate between $70m and $80m of annualized revenues, be immediately accretive to earnings and be on the OpenText operating model within the first 12 months after closing. The transaction is expected to close in the first quarter of fiscal 2017 and is subject to customary regulatory approvals and closing conditions.
More information can be found at investors.opentext.com.
About OpenText
OpenText is the largest independent software provider of Enterprise Information Management (EIM). For more information please visit www.opentext.com .
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