Insight Venture Partners Posts

Consortium Of Investors Buy BMC Software For $6.9 Billion

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.

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AirWatch Raises $200 Million In Series A

AirWatch is an enterprise startup company that focuses on mobile device management.  The company has raised $200 million in Series A funding led by Insight Venture Partners.  This is the largest investment in an enterprise company in 2013 according to BusinessInsider.  The company helps manage the issue of employees using their own smartphones, tablets, and laptops on their company networks.

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New Relic Raises $80 Million

New Relic is an app performance company that has raised $80 million as they look into going public.  Insight Venture Partners led the round of funding.  Other participants in this round of funding include T. Rowe Price, Dragoneer Investment Group LLC, Passport Ventures LLC, Benchmark Capital, Trinity Ventures, Tenaya Capital, and Allen & Company.
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Udemy Raises $12 Million In Series B

Udemy has raised $12 million in Series B funding led by Insight Venture Partners after surpassing 5,000 courses offered in their app.  Other investors in this round include Lightbank, MHS Capital, and Learn Capital.

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Trendy Entertainment Raises $18.2 Million

Trendy Entertainment Logo

Trendy Entertainment is a Gaineville, Florida based indie studio company that is known for building Dungeon Defenders.  Trendy is an $18.2 million according to an SEC filing.  Insight Venture Partners is one of the investors in this round.  Trendy was started by Agapitus Lye and Jeremy Stieglitz.  Dungeon Defenders is a combination of a tower defense and an action RPG.  The game was originally released in October 2011, which is the multiplayer game available for iOS, Android, Xbox 360, PS3, and PC.

Blog Service Tumblr Raises $85 Million


Tumblr is a popular blogging service that has raised $85 million in a new round of funding. Tumblr is best known for simple blogging tools to post photos, videos, songs, etc. The investment in this round was led by Greylock Partners. Insight Venture Partners, the Chernin Group, Richard Branson, Spark Capital, Union Square Ventures, and Sequoia Capital also participated in this round.
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Buddy Media Raises $54 Million

Buddy Media has raised $54 million in its latest financing round. The company, which helps advertisers manage their Facebook and Twitter presence, is reportedly worth $500 million. The funding comes from Insight Venture Partners, Institutional Venture Partners, Bay Partners and GGV Capital. CEO Mike Lazerow says the money will be used to expand the company to Europe and double their staff. [AllThingsD]

Groupalia Raises $26 Million

Groupalia, a European online group buying company, has raised $26 million in funding. The startup’s investors include Nauta Capital, Caixa Capital Risc, General Atlantic, Insight Venture Partners, Index Ventures, Lucas Carné and José Manuel Villanueva. The daily deals company is just two years old and has 10 million users. [TechCrunch]