Another Rocket Internet-incubated e-commerce company gets a significant cash injection today: Linio, the so-called ‘Amazon of Latin America’, has raised a €20 million (~$26.5m) round from previous backer Summit Partners. It’s also the second investment for Linio this month after German retail company Tengelmann Group announced it had invested a “8-digit Euro sum”, reportedly somewhere in the… → Read More
Lately investing in Rocket Fuel, WestWing and Delphix so far this year, Summit Partners has been stepping up to the plate and is now joining the ranks of this Post-Facebook-IPO era of VCs which are raising capital for so-called middle-market companies who are still a ways off the IPO track. They also had a recent exit in the form of Wildfire’s acquisition by Google.
Summit has today announced… → Read More
AFCV Holdings, a portfolio company of growth equity investor Summit Partners, is axing the majority of people working for Q&A site Answers.com parent company Answers Corporation, which it acquired earlier this year for $127 million in cash.
According to Israeli business paper Calcalist, 45 out of 65 employees in the company’s offices in Israel were fired, including founder and CEO Bob… → Read More
Fresh off the heels of Intel acquiring security software vendor McAfee for $7.7 billion in cash, another household name in the industry, AVAST Software, has raised $100 million in private equity from investment firm Summit Partners.
With the investment, Summit Partners has acquired a minority stake in the company, which markets its popular antivirus software based on a freemium model. → Read More
Ogone, a European electronic payments service provider, has received an undisclosed majority investment from US-based growth equity firm Summit Partners.
In conjunction with the transaction, which is expected to close by the end of this month, Christian Strain, a Principal of Summit Partners, and Scott Collins, a Managing Director with Summit, will join Ogone’s board of directors. → Read More
Ogone, a European electronic payments service provider, has received an undisclosed majority investment from US-based growth equity firm Summit Partners.
In conjunction with the transaction, which is expected to close by the end of this month, Christian Strain, a Principal of Summit Partners, and Scott Collins, a Managing Director with Summit, will join Ogone’s board of directors. → Read More
Cloudmark, a provider of messaging security solutions, has scored a massive $23 million funding round led by new investor Summit Partners and joined by Nokia Growth Partners, the mobile giant’s venture capital investing arm.
Existing investors Ignition Partners and Industry Ventures also participated in the round, which is the first financing Cloudmark has closed since 2004, when it raised $11… → Read More
Thinking about moving your electronic services to the cloud? LiveOffice, an SaaS provider of email archiving and hosting, makes the leap that much easier with the release of their CloudMerge technology–offering email archiving for most cloud email providers on the market. In addition to supporting cloud based email archiving, LiveOffice is able to archive email which is on-premise, thus creating… → Read More
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