Hellman & Friedman is going to buy insurance software company Applied Systems from Bain Capital for $1.8 billion. JMI Equity, a private equity company focused on building software and other technology businesses will be investing in Applied Systems along with Hellman & Friedman. This transaction is expected to be completed in early 2014.
Bain Capital Posts
Gainsight has raised $20 million in a Series B round of funding led by Bain Capital Ventures. Existing investor Battery Ventures and new investor Summit Partners also participated in this round. Gainsight is a customer success enterprise company that enables customer-driven companies proactively manage retention and reduce unexpected churn. The Gainsight platform uses big data analytics to evaluate sales data, usage logs, support tickets, and other customer intelligence to offer users with actionable insights and recommended best practices. Gainsight’s software can be integrated with leading CRM systems including Salesforce.com, Oracle Sales Cloud, Netsuite, Microsoft Dynamics CRM, SalesLogix, and Siebel.
BlackBerry Ltd (NASDAQ:BBRY) reportedly wants to sell themselves off within the next couple of months, according to The Wall Street Journal. This news comes on the heels of Microsoft’s $7.2 billion acquisition of Nokia. Last month, BlackBerry Ltd (NASDAQ:BBRY) even formed a special committee to find strategic alternatives, such as a sales, a joint venture, or alliances.
Continue reading →
BMC Software, Inc, (NASDAQ:BMC) has been acquired by a private investor group for roughly $6.6 billion in cash. Based in Houston, Texas, BMC is known for creating system management software for businesses. The deal is based on $46.25 per share, which is less than 2% above the company’s closing stock price of $45.42.
Persado is a data marketing service that specializes in “Marketing Persuasion Technology.” Persado can help advertisers compose better messaging services that they believe will return greater value. Persado has raised $15 million in a round of funding led by Bain Capital Ventures.
SevOne is an IT management company based in Wilmington, Delaware that uses P2P technology to manage a customer’s infrastructure. The company has raised around $150 million form Bain Capital to scale their IT management software and prepare for an IPO. The company is focused on growing their customer base especially in the mid-market.
ScaleBase is is a database virtualization company that helps keep next generation apps and business-critical databases up and running. ScaleBase has recently raised $10.5 million in Series B funding from Bain Capital, Ascent Venture Partners, and Cedar Fund.