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 .

To view the original version on Open Text, visit here.

Barcelona, Spain -- May 31 2016 ABA English, the online English language academy with over 10 million users worldwide, has raised $12 million in growth capital in a round led by Kennet Partners, a leading international growth equity firm. Existing investor Nauta Capital also participated in this second round of financing.

This new funding will allow the company to further develop its unique and award-winning methodology for teaching English, based on the use of film-quality videos specifically developed to enhance the student experience and encourage engagement.

Currently available in over 170 countries, among them key territories such as Brazil, France, Italy, Mexico, Russia and Spain, ABA English plans to continue its international expansion, particularly in new markets such as China and Turkey. The company also intends to develop its language learning method to encompass business-oriented areas, offering employees the opportunity and tools to improve their English speaking skills in a commercial context.

Javier Figarola, CEO and co-founder of ABA English, commented: “We aim to improve people’s lives by helping them to communicate in English, a language that unlocks all kinds of opportunities that can transform an individual’s future. Kennet’s investment will take us to the next level, not only by encouraging consumers to learn English but also by helping us to become the key training partner for organizations around the world. It will also allow ABA English to maintain its commitment to make learning English as accessible as possible to everyone through excellent mobile and web learning content.”

Hillel Zidel, Managing Director at London based Kennet Partners, who will join the Board at ABA, added: “We have been extremely impressed with the way in which ABA English has been able to grow rapidly despite limited capital resources. Its core users are strongly engaged with the platform, a testament to the quality of ABA’s product and the tangible benefits that learning English brings to its customers. We are excited to be partnering with the company as it expands into new markets.”

Another important investor is Iñaki Ecenarro, former founder and CEO of Trovit, the virtual search engine for classified ads, sold to NEXT Co in 2014 for $90 million. Iñaki will also join ABA as an independent board member.

On 5 April 2016, more than 60 Founders and CEOs of the UK’s leading tech companies attended Kennet Partner’s London technology event. The event, chaired by Hillel Zidel from Kennet Partners, aimed to provide helpful insights on navigating companies through phases of growth upwards to $100 million plus in revenues to Founders/CEOs.

Chris Havemann and Murray Hennessy, both of whom have significant experience in scaling tech companies and led businesses at the $100 million plus revenue level, shared key lessons from their recent journeys. Chris Havemann was the Founder and CEO of Research Now (acquired by e-Rewards for $133 million), former CEO of RatedPeople.com, and is currently a Non-Executive Director at Kennet backed RealityMine and Homeserve plc. Murray Hennessy was the former CEO of trainline.com and is currently Chairman of Abcam plc, TGI Fridays and Kennet backed Receipt Bank.

Here are some of the insights shared from the event.

Growing from $0 - $50 million:

• Figure out the winning formula. Who are your customers, how are you going to meet their needs better than your competitors? To determine that might take some time, so look after your cash, and be resilient.

• Turn the handle. Focus relentlessly on that winning formula. Don’t get distracted, just do more of the winning formula.

• People 360°. Always be thinking about how you can improve the team around you, from the Board, to your direct reports and below. Spend more time on that and less time doing the work you did when the company was smaller.

• Take bold decisions on growth. Make calculated decisions, run the numbers. Learn quickly by having an open culture with good communication -- if everyone is open about sharing information, then you are more likely to arrive at a decision quickly. Make quick U-turns on things not working, rather than covering them up.

• Don’t procrastinate over difficult people decisions. This is especially hard when it relates to people who have been very good up to now and loyal to the business and the team. It can be especially difficult for founder entrepreneurs who have strong ties and loyalty to early team members.

Scaling from $50 - $100 million plus:

• Hire ahead of the growth curve and focus on quality. As a smaller company, you might need a ‘jack of all trades’ or generalist in a certain role, but as the company grows, you need more expertise and perhaps more people doing what was once one job. Be upfront and honest with prospective candidates that they are being hired for the long term, and they should expect to get their hands “dirty” in the short term.

• “The whole is greater than the sum of its parts.” Team forming is absolutely essential. Each of your team members can be individually talented, but nothing is worse than a broken team that acts as a group of individuals. A great test is whether a business has the ability to operate smoothly in absence of its CEO.

• Understand your unit economics and improve your margins where possible.

• Distinguish between the important and the urgent. Management should be sure to communicate with their Board on why something is important for the long term to avoid simply focusing on the urgent.

• Don’t be obsessed with dilution. Ensure you have enough cash and issue options to key employees as the business grows.

• Your communication format needs to evolve. Internally, you might be in one office altogether when you start, and five years on, multiple offices, multiple countries, etc. It’s important to evolve the way you work together and communicate as the business grows. Externally, be selective on who you speak to as you approach exit. Be sure to have a focused approach rather than a shotgun approach in talking to prospective buyers.

• Making mistakes is ok. If you aren’t making mistakes, you are likely not trying new things.

London, UK -- February 2 2016 Receipt Bank, the leading bookkeeping automation software company, announces today that it has raised $10 million in growth capital from Kennet Partners, a leading international growth equity firm that invests in successful high-growth companies in Europe and North America, supporting entrepreneurial technology businesses with expansion capital.

Award-­winning Receipt Bank provides automation to accounting and bookkeeping firms and their small business clients. Launched in February 2011, Receipt Bank has grown rapidly as the leading accounting firms around the world have adopted its software. Today Receipt Bank is used by thousands of accounting firms to power the bookkeeping of tens of thousands of small businesses and, on their behalf, processes millions of transactions each month. The company now has five offices on three continents including Washington DC, Sydney & London. Receipt Bank was also recently identified by TechCity’s Upscale programme as one of the UK’s 30 finest fast growth technology companies.

“Automation enables the best accounting firms to reduce their costs, save time and increase the speed and quality of their service. We are incredibly proud to be working with so many great firms who are redefining small business accounting and delighted to be partnering with such an experienced growth investor as Kennet. With this investment we will be able to further improve our industry­ leading technology and to help even more firms enhance their bookkeeping processes.” Alexis Prenn, CEO of Receipt Bank

Automation has been widely signalled to have the potential to disrupt many industries including accounting. Receipt Bank has developed a range of proprietary technologies ­including data extraction from receipts, bills and invoices ­to make the power of automation available to accountants and bookkeepers. These technologies allow firms to complete bookkeeping tasks faster and for less cost.

“Automation is clearly a big trend. Receipt Bank has led the field in bringing automation to small business accounting and bookkeeping and we are very excited to be supporting the company on its journey.” Hillel Zidel, Managing Director of Kennet Partners

Capital SCF served as financial advisor and Cooley (UK) LLP served as legal advisor to Receipt Bank during this financing.

Manchester, UK -- December 14 2015 RealityMine, a leading global provider of mobile market research technologies and consumer analytics, announced today it has received a $17.25 million growth equity investment led by Kennet Partners, a leading international growth equity firm that invests in successful, high-growth companies in Europe and North America.

GP Bullhound, a leading technology investment bank, acted as exclusive financial adviser to RealityMine. The round of funding was led by Kennet Partners and included existing investors GP Bullhound Sidecar III LP, GMCA and a number of other high profile private investors.

Weightmans LLP served as legal advisor to RealityMine during the funding round.

The investment will be used by RealityMine to further technology advancements in the areas of mobile and cross-platform measurement, as well as behavioral analytics. In addition, RealityMine will be opening additional markets worldwide and expanding its services to new industry verticals.

“2015 has been an incredibly successful year with consistent 200% year over year growth, the establishment of several new important client partnerships, the opening of additional offices worldwide and a myriad of industry recognitions and awards,” says Garry Partington, RealityMine CEO. “The ability to close the year with not only the tangible investment that this funding brings, but also the support and confidence of our investors, places us in an optimal position to surpass these achievements in 2016.”

“RealityMine has been able to achieve significant growth in a capital efficient manner in its short history as a company,” says Hillel Zidel, Partner at Kennet Partners. “By providing clients with single-sourced consumer passive metering and contextual data, its technology offers something unique in the market. We are very excited to be partnering with the company as it enters its next phase of growth and seeks to build on its already impressive customer base.”

“We have been involved with RealityMine since 2013, and have been lucky enough to witness RealityMine develop a product and service that has become integral to marketers worldwide to increase the effectiveness of their advertising spend,” says Hugh Campbell, Managing Partner of GP Bullhound. “As more connected devices come online it is clear that brands and marketing agencies will put enormous value on the kind of data and insights RealityMine generates to make higher ROI on their multi-million pound marketing, programming and product decisions. The business has achieved great success in such a short period of time by providing customers with state of the art technology and great customer support. We expect that its rapid growth will continue for many years to come.”

RealityMine uniquely combines proprietary passive behavioral metering technologies on mobile devices, tablets, PCs, and even home routers with active eDiary and other in-the-moment survey tools to quantify the context of consumers’ daily lives and their media consumption behaviors.

RealityMine’s TouchPoints research and Technology is now available in over 20 markets and is used by major media agencies, creative agencies, market research agencies and media owners for granular day in the life insights, cross-media audience flows and to understand the complex consumer journey along the path to purchase. The RealityMine data is unique in its ability to identify the role moods and emotions play in ad receptivity and motivation to purchase.

As of December 2015, RealityMine is capturing data from more than 50,000 people representing more than 350,000 days of contextual and behavioral data and generating nearly 1,000,000,000 behavioral datapoints per year. This will provide marketers with one of the richest behavioral and contextual databases available.

Pleasanton, California -- September 15 2015 ThinkHR, the leading HR solutions company that provides expert HR-related advice and training to employers, today announced that it has secured additional funding to fuel its growth and leadership. Kennet Partners, a leading international growth equity firm that invests in companies across North America and Europe, made the $12 million investment in ThinkHR.

The additional funding will be used to further accelerate ThinkHR’s aggressive product, technology and market development initiatives. ThinkHR will continue to expand its rapidly growing footprint in the multi-billion-dollar market for expert answers, information and training solutions that enable employers to comply effectively and efficiently with today’s increasingly complex HR regulatory requirements. ThinkHR has more than 650 partners and some 89,000 employers relying on its proven expertise and cloud-based technology solutions.

“We are thrilled to be partnering with a top-tier growth equity firm like Kennet as we create the breakthrough products and support infrastructure that help our insurance brokerage and payroll partners to succeed in the new benefits economy,” said Peter Yozzo, founder and CEO of ThinkHR. “This additional funding allows us to create powerful new tools and services that help our partners to enhance and expand the value they deliver to clients every day. That added value plays a key role in helping our partners to attract new business and strengthen existing client relationships.”

The new funding also advances ThinkHR’s mission to empower millions of employers and HR professionals to ensure compliance and be more efficient, productive and successful, Yozzo added.

“Kennet is all about helping successful entrepreneurial technology companies take the next big jump in growth, and that is exactly why we are investing in ThinkHR,” said Eric Filipek, managing director of Kennet Partners. “We believe ThinkHR has strong growth potential based on the opportunity to capture a significant and growing share of the market for providing HR solutions through 32,000-plus service provider channel partners. Equally important, ThinkHR is well positioned to engage the broader market of 2.15 million employers with its best-in-class HR answers and cloud-based technology platform.”

Before this new $12 million investment, ThinkHR had been financed through angel funding, venture debt and revenue from ongoing operations.

ThinkHR sells its HR-related products and services through channel partners that include insurance brokerage firms and payroll services providers. These partners then provide ThinkHR’s solutions to their clients, enabling them to comply efficiently and quickly with today’s increasingly complex regulatory and legal requirements, such as the Affordable Care Act (ACA) health care reform regulations.

To view the original version on ThinkHR, visit here.