'We believe Quest is well-positioned to capitalize on emerging growth trends in identity-centric cybersecurity, data intelligence and IT operations management software,' say Clearlake's Prashant Mehrotra and Paul Huber. Clearlake Capital has agreed to purchase Quest Software for a reported $5.4 billion including debt after a half-decade of being owned by Francisco Partners. The Aliso Viejo, Calif.-based cybersecurity, data intelligence and IT operations management software provider will continue to be led by Patrick Nichols, who has served as CEO since April 2020. Terms of the transaction weren't disclosed, although The Wall Street Journal reported the $5.4 billion purchase price Sunday.
Clearlake Capital Group said on Monday it would buy Quest Software from Francisco Partners, as the investment firm seeks to tap into the pandemic-spurred surge in demand for enterprise software and cybersecurity tools. The deal values Quest at US$5.4 billion, including debt, a source familiar with the matter told Reuters. Quest, which counts companies like Microsoft Corp, Ford Motor Co and Merck & Co as its customers, provides solutions spanning from database management to data protection to IT departments.
Web development software startup Vercel has doubled its valuation to US$2.5 billion after raising US$150 million in its latest funding round. The San Francisco-based company said on Tuesday the fundraise was led by GGV Capital, while Accel, Tiger Global, and Salesforce Ventures also participated in the round. The fresh funds come five months after the operator of a front-end stack for web developers gained a valuation https://vercel.com/blog/series-c-102m-continue-building-the-next-web of more than US$1 billion in its previous fundraising. It has raised US$313 million in total.
Intelligent Automotive Software Platform Company Eatron Raises $11M In Series-a Funding To Accelerate Its Global Growth
WARWICK, England, Nov. 19, 2021 /PRNewswire/ -- Eatron(r), a fast-growing scale-up with its unique 'intelligent automotive software' platform for the edge and the cloud announced that it raised $11M in its Series-A round led by MMC Ventures with participation from Aster Capital and Vinfast....
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Vivenu was founded by Simon Hennes, Jens Teichert and Simon Weber in 2018 based upon their premise that ticketing software could be made user friendly.
HashiCorp Inc filed for a U.S. initial public offering on Thursday, seeking to capitalize on investor appetite for software firms benefiting from a pandemic-induced digital shift. The company firm is aiming for a valuation of nearly US$10 billion, said a person familiar with the matter. Hashicorp began as an open-source project and provides cloud-based software to customers such as Dutch lender ABN AMRO and infrastructure management for Daimler-owned car marker Mercedes-Benz. The company was co-founded in 2012 by Mitchell Hashimoto and Armon Dadgar, who met at the University of Washington in 2008.
New funding: Magnify, an enterprise software startup which will have operations in Seattle and Bend, Ore., has come out of stealth mode with $6 million in funding. The company is developing tools to help companies engage with software customers, and has backing from a high-powered array of Pacific Northwest tech executives. All-star backers: Investors include Madrona Venture Group, Decibel Partners, and northwest SaaS executives, including: Bill Richter, CEO of Qumulo; Christal Bemont, CEO of Talend; Elissa Fink, former Tableau CMO; Jon Gelsey, former Xnor and Auth0 CEO; and Will Arora, CTO of Assurance. It's all about timing: Magnify's tool optimizes onboarding and use of software.
Task management software company ClickUp said on Wednesday it was valued at US$4 billion after a US$400 million funding round that was co-led by venture capital firm Andreessen Horowitz and technology investment firm Tiger Global Management. The Series C round, which brings the total amount raised by the San Diego-based company to over US$535 million, also drew investments from Lightspeed Venture Partners and Meritech Capital Partners. ClickUp, founded in 2017, offers an all-in-one productivity platform to its customers which includes features such as project management, document collaboration, and spreadsheets among others.
The pre-series A funding round also saw participation from Dylan Field, CEO and founder of Figma; Akshay Kothari, COO of Notion; Girish M, CEO of Freshworks; and other top executives from Quora, Stripe, and Airtable, it said in a statement.