Bain Capital Posts

Bain Capital Ventures raises $850 million

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Bain Capital Ventures raised $850 million for its two latest funds. The company started to raise the funding around two months ago, according to TechCrunch.
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Kenshoo raises $20 million in funding led by Bain Capital

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Kenshoo is a digital marketing software company that has raised $20 million in funding led by Bain Capital Ventures with participation from existing investors Sequoia Capital, Arts Alliance and Tenaya Capital. Bain Capital Ventures partner Deepak Sindwani is joining Kenshoo’s board of directors.

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Thoma Bravo acquires TravelClick for $930 million

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Thoma Bravo has agreed to acquire cloud-based hospitality solutions company TravelClick from Genstar for $930 million. TravelClick’s software enables hotels to optimize performance and grow revenue. TravelClick was acquired by Genstar and Bain Capital Ventures in 2007. TravelClick has more than doubled revenue and EBITDA since the acquisition.
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Chrome River raises $17 million in Series C

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Chrome River is a company that has developed expense management and invoice processing software. Chrome River has raised $17 million in Series C funding led by Bain Capital Ventures with participation from existing investors First Analysis and Argentum.
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Bain Capital to buy out Macromill

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Bain Capital is going to acquire Macromill. Macromill is an Internet research company in Japan. The company is listed on Section I of the Tokyo Stock Exchange. Ropes & Gray and Japanese counsel Mori Hamada is representing Bain Capital in a 51.4 billion yen ($501 million) leveraged tender offer deal for all of the outstanding shares of Macromill.
[Source: PE Hub]

Hellman & Friedman To Buy Applied Systems From Bain For $1.8 Billion

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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.

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Gainsight Raises $20 Million In Series B

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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, Oracle Sales Cloud, Netsuite, Microsoft Dynamics CRM, SalesLogix, and Siebel.

Report: BlackBerry Ltd (BBRY) Wants To Sell Themselves By November

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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.
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