News from Summit and Our Portfolio

ATLANTA -- MacStadium, the Mac hosting authority and only provider of Mac Pro private cloud infrastructure-as-a-service ("IaaS") around the world, today announced that Vassil Terziev and Jose Segrera, both technology entrepreneurs and executives with deep experience building cloud-based infrastructure and development tools businesses, have joined its Board of Directors. The addition of these directors follows news of the company's recent growth equity investment led by Summit Partners.

"Both Vassil and Jose bring valuable perspective, a wealth of practical knowledge and highly relevant experience to our team," said Gregory McGraw, CEO of MacStadium. "We are honored to have them join the MacStadium Board, and we are looking forward to their contributions and support as we continue to execute on our strategic goals."

Vassil Terziev is a co-founder and former co-CEO of Telerik AD. After co-founding Bulgaria-based Telerik in 2002, Vassil and his team grew the company into a leading global provider of software development tools, solutions and services with a developer community of 1.4 million strong and a customer base of more than 130,000 worldwide. Summit Partners invested in Telerik in 2008 and supported the company through a period of rapid growth prior to its acquisition by Progress Software Corporation in 2014. Since serving as Chief Innovation Officer at Progress, Vassil has invested in and advised numerous early-stage technology companies and most recently co-founded Telerik Academy, a leading educational initiative for training software engineers in Bulgaria.

"At Telerik, we were fanatically dedicated to our developer community, providing industry standard-setting customer support," said Vassil Terziev. "Like Telerik, MacStadium is focused on arming the iOS development community with the tools, services and infrastructure necessary to drive effective team collaboration and meet the ever-increasing rise of release cycles. I'm truly excited to join the board and help take MacStadium to the next level."

With more than 20 years of operating experience, Jose Segrera is a veteran technology finance executive. For more than a decade, he served as the Chief Financial Officer of Terremark Worldwide, a provider of IT infrastructure and cloud services that was acquired by Verizon Communications in 2011 for an equity value of $1.4 billion. Prior to Terremark, Jose was the Corporate Controller then Chief Financial Officer for FirstCom Corporation until its sale to AT&T Corporation in 2000. Jose is currently an investor and advisor to several high-growth enterprise IT and software businesses.

"With a global audience of more than 10 million iOS developers, MacStadium has a tremendous opportunity ahead as the only provider of Mac Pro private cloud IaaS," said Jose Segrera. "I am thrilled to join the MacStadium team and help scale the company to meet growing global demand as it continues its worldwide expansion."

About MacStadium
MacStadium is a leading provider of on-demand cloud IaaS, offering managed Mac hosting and private cloud solutions for individuals and organizations of all sizes. MacStadium is headquartered in Atlanta, Georgia with growing operations in Las Vegas, Nevada and Dublin, Ireland. Learn more at www.macstadium.com.

Source: MacStadium

BERLIN and LONDON – Market Logic, a leading provider of enterprise SaaS marketing information systems, today announced a €45 million investment from GENUI, Summit Partners and current investor Sycamore. The investment will help to accelerate Market Logic’s growth and further the company’s vision to transform marketing by providing software that delivers the right information at the right time.

Kay Iversen, founder and CEO of Market Logic, welcomed the new investors. “Rapid adoption of our platforms by leading brands confirms that marketing executives are hungry for better ways to ensure market and consumer knowledge is systematically used in innovation and brand building decisions,” Iversen said. “We believe the new partnership with GENUI and Summit and the investment capital they provide will help accelerate Market Logic’s significant advances in the realm of cognitive computing, to ensure that insights are accessible and engaging for marketers to use.”

Iversen added, “Active exchange with outstanding software industry leaders like GENUI’s Bernd-Michael Rumpf – the former CEO of SAP SI – and entrepreneurs and experienced operators from Summit’s global network will help us set the course for our ambitious growth plans.”

“Market Logic’s entrepreneurial management team was a key factor driving GENUI’s decision to invest,” said Bernd-Michael Rumpf. “Kay and his team share a passion for listening to and anticipating customer needs, and delivering cutting edge solutions that delight their user communities. We were impressed with the enthusiastic support Market Logic has nurtured amongst their blue-chip executive community.”

Summit Partners Managing Director Matthias Allgaier agreed. “At Summit, we focus on partnering with innovative, founder-led companies that we believe have the potential to become global leaders in their sectors. Market Logic offers proprietary AI-powered technology that is quick to implement and seeks to drive impressive results for its customers. We are excited to partner with the company for its next phase of growth.”

Bernd-Michael Rumpf and Max Odefey of GENUI will join Matthias Allgaier from Summit to support Market Logic as members of the company’s board of directors.

Sycamore Managing Director Thomas van Aubel added, “Sycamore has actively supported the development of Market Logic since its seed phase. We are thrilled that the additional firepower on Market Logic’s board will help us reach the next stage in our growth story.”

The transaction is subject to official approval by the European Commission.

About Market Logic
Market Logic develops and commercializes marketing information systems, that help the world’s best brands to transform marketing and innovation processes with the right information at the right time. Market Logic platforms are deployed by global brands in consumer packaged goods, retail, healthcare and financial services including Unilever, Coca-Cola, Newell Brands, Colgate, Heineken and American Express. The company has offices in Berlin, Germany and Chicago, Illinois.

About GENUI
GENUI is a private investment firm established by a group of exceptional entrepreneurs and investment experts. GENUI provides long-term investments in medium-sized companies in German-speaking countries. With GENUI, the companies have a shareholder with networks and unique expertise from entrepreneurs.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $8.8 billion into growth equity, fixed income and public equity opportunities. Summit has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries. These companies have completed more than 140 public equity offerings, and more than 170 strategic mergers and sales. Notable software and SaaS companies financed by Summit include Avast, Clearwater Analytics, Darktrace, Gainsight, HelpSystems, Hyperion Solutions, Infor, McAfee, Perforce, Telerik, TSheets, WebEx and Visier. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or on Twitter at @SummitPartners.

About Sycamore
Sycamore is a private investor based in Berlin, Germany, with a focus on software and sustainability, and a long investment horizon.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

BELLEVUE, WA – Smartsheet, the world’s leading SaaS platform for managing and automating collaborative work, today announced it raised $52.1 million in Series F funding, led by existing investor Insight Venture Partners. Additional Smartsheet investors Madrona Venture Group and Sutter Hill Ventures, and new investor, Summit Partners, also participated in the round. Smartsheet’s last round of funding was more than three years ago. With the additional investment, Smartsheet’s total financing raised to date is more than $120 million.

This latest funding round follows a period of rapid growth in which Smartsheet’s revenue increased by more than 60 percent year-over-year for the past five years, with the company expecting to exceed $100 million in annual recurring revenue this quarter. Building upon an already solid financial position with low cash burn, the new funding will be used to accelerate investments in product, sales & marketing, and infrastructure to support increasing demand for Smartsheet’s platform.

"Enterprises have long invested in cloud-based applications that enable them to author, store, and communicate about work. But the value of intentionally managing and automating collaborative work has largely gone unrealized,” said Mark Mader, CEO of Smartsheet. “This additional funding will enable Smartsheet to further unlock this value for teams, helping people and organizations embrace the volume and velocity of today’s work to drive innovation and build a distinct competitive advantage."

The Rise of Collaborative Work Management

According to IDC Research, the enterprise collaboration market is rapidly accelerating, forecasted to grow 32 percent over four years to reach $25 billion by 2020*. The past several months have marked a steady flow of new entrants and high-profile acquisitions in the collaboration space to meet the shifting market needs of enterprises, which are looking for increased agility and efficiency.

"One of the biggest hurdles to employee efficiency is the growing number of applications required to get work done. This includes a complex web of collaboration, productivity and business applications, which often don't connect to each other,” said Alan Lepofsky, VP and Principal Analyst at Constellation Research. “As the market evolves, an entirely new category of collaboration solutions is needed that organizes work, not just tasks, providing structure and accountability across the vast array of things people have to work on. Collaborative Work Management applications enable organizations to reduce the noise so people can focus on the important work that needs to get done.”

Smartsheet’s collaborative work management platform is used by millions of information workers and 69,000 brands in more than 190 countries, including half of the Fortune 500. Whether it is opening hundreds of stores around the world, building skyscrapers, launching rockets into space, or managing behind-the-scenes logistics for the Super Bowl, Smartsheet enables organizations to centrally manage and automate complex, enterprise-scale projects and processes. Other customers include Netflix, Aramark, NBC Universal, Sony Music, Hilton and Weyerhaeuser.

“Collaborative work management is now recognized as a key component of modern enterprise strategy, as companies look to move beyond the limitations of legacy tools,” said Ryan Hinkle, Managing Director at Insight Venture Partners. “Since our initial investment with Smartsheet, we have seen an incredible amount of development and growth behind their capabilities. We are committed to continuing this acceleration so that more companies can benefit from the unique value of Smartsheet.”

Smartsheet has previously secured $68 million in funding from Insight Venture Partners, Madrona Venture Group, Sutter Hill Ventures, and other investors.

*IDC Worldwide Collaborative Applications Forecast 2016-2020, 2016, IDC Worldwide Project & Portfolio Management Forecast 2016-2020, 2016

About Smartsheet
Smartsheet is the world’s leading SaaS platform for managing and automating collaborative work. Our award-winning solutions deliver value for tens of thousands of paying customers and millions of information workers across more than 190 countries. Recently named to the Forbes Cloud 100 list of the world’s best cloud companies, customers like Netflix, Salesforce, the GSA, Google, and over half of the Fortune 500 use Smartsheet internally, with clients, and partners.

Smartsheet is headquartered in Bellevue, Washington and, as of May 2017, has more than 550 employees in its Bellevue and Boston offices. To learn more, visit www.Smartsheet.com.

About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $13 billion and invested in more than 280 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit www.insightpartners.com or follow us on Twitter: @insightpartners.

About Madrona Venture Group
Madrona (www.madrona.com) has been investing in early-stage technology companies in the Pacific Northwest since 1995 and has been privileged to play a role in some of the region's most successful technology ventures. The firm invests predominantly in seed and Series A rounds across the information technology spectrum, including cloud, consumer software and services, enterprise software and services, digital media and artificial intelligence. Madrona manages approximately $1.3 billion and was an early investor in companies such as Amazon.com, Apptio, Rover.com, and Redfin.

About Sutter Hill Ventures
Sutter Hill Ventures, headquartered in Palo Alto, California, is a leader in financing technology-based start-ups and assists entrepreneurs in building world-class, market-leading companies. They have significant operating and venture capital experience, strong industry networks, and an understanding of the challenges that early-stage and high-growth companies face. Sutter Hill brings expertise in strategy and business development, building management teams, partnering, financing strategies, public offerings, mergers, and acquisitions. Sutter Hill's investments include Broadvision, Vitria, Legato, Alteon, and Tellabs.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $9.5 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries. These companies have completed more than 140 public equity offerings, and more than 170 have been acquired through strategic mergers and sales. Notable software and SaaS companies financed by Summit include Acturis, Avast, AvePoint, Ascentis, Clearwater Analytics, Darktrace, Fuze, Gainsight, Hyperion Solutions, Infor, McAfee, Perforce, RiskIQ, Telerik, TSheets, Uber, WebEx and Visier. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Source: Smartsheet

MILAN/LONDON – Funds advised by BC Partners (“BC Partners”), a leading private equity firm, have reached an agreement to acquire DentalPro, Italy’s leading dental services provider, from Summit Partners, VAM Investments and other private investors. The transaction is subject to regulatory approvals.

Founded in 2010 in Milan, DentalPro is the market leader in the Italian dental clinic market, offering high-quality dental care through 112 full-service clinics. Operating across 40 Italian provinces, DentalPro partners with local dentists to provide comprehensive practice management support and training, allowing practitioners to focus on delivering accessible care to their patients.

DentalPro has grown at an impressive pace over recent years, opening more than 50 new clinics since 2012, completing two acquisitions in 2016 to add more than 40 clinics, and delivering revenue and EBITDA growth of over 100% per annum, with best-in-class unit economics.

BC Partners has invested in Italy for almost 30 years, most recently through its investments in the leading Italian casual dining chain Cigierre and Italy’s largest apparel retailer OVS. The firm also has strong expertise in the healthcare sector, having invested in Synlab, Europe’s largest laboratory service provider; Elysium, UK’s leading provider of mental health services; and in leading hospital groups across Europe, such as GHG, Hirslanden and Teknon.

Nikos Stathopoulos, Managing Partner at BC Partners, commented:
“DentalPro is one of the fastest growing companies in Italy, operating in one of the most attractive healthcare segments in Europe. As the market leader, it represents the best platform to consolidate the fragmented dental services market in Italy and expand internationally. We look forward to partnering with the founder and CEO Michel Cohen and his entrepreneurial management team to continue the expansion of DentalPro’s network.”

Michel Cohen, founder and CEO of DentalPro, commented:
“I am particularly proud and honoured that an important investor as BC Partners has decided to partner with DentalPro to further consolidate our high-quality services. In just seven years we have become the leader in Italy, with 112 clinics and 250,000 satisfied patients and believe there is scope to further develop these successful results with BC Partners’ help. The management team look forward to working with our new partners and would like to thank Summit Partners for supporting our development."

Thomas Tarnowski, a Managing Director at Summit Partners, commented:
“It has been an honour to work alongside Michel Cohen and the entire DentalPro team, supporting their vision of offering innovative and accessible high-quality dental care to patients across Italy. We are delighted to transition DentalPro to BC Partners for the next phase of the company´s growth.”

BC Partners was advised by PwC and supported by Chiomenti and Dickson Minto on legal and Facchini, Rossi & Soci on tax matters. White & Case LLP served as legal advisor to Summit Partners and DentalPro. BonelliErede served as legal advisor to management.

About BC Partners
BC Partners is a leading international private equity firm with over €15 billion of assets under management. Established in 1986, BC Partners has played an active role in developing the European buy-out market for nearly three decades. BC Partners executives operate as an integrated team through the firm's offices in Europe and North America, acquiring and developing businesses to create value in partnership with management. Since inception, BC Partners has completed 93 investments in companies with a total enterprise value of €115 billion and is currently investing its tenth private equity fund. For more information, please visit www.bcpartners.com.

About DentalPro
Founded in 2010 and headquartered in Milan, DentalPro (DP Group SpA) owns and operates an Italian network of dental clinics that offer a wide range of high-quality dental services from general dentistry to more sophisticated procedures in convenient and modern settings. DentalPro provides top-tier practice management support to dentists, allowing them to focus on delivering care. For more information, visit www.dentalpro.it.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $9.5 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in healthcare, life sciences, technology and other growth industries. These companies have completed more than 140 public equity offerings, and more than 170 have been acquired through strategic mergers and sales. Notable healthcare companies financed by Summit Partners include American Dental Partners, AmeriPath, HealthCare Partners, Independent Vetcare, Lincare, National Veterinary Associates, MEDNAX, My Dentist and Solutionreach. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

LEHI, UT – Podium, a SaaS platform that enables local businesses and consumers to more effectively and conveniently interact through messaging tools and online reviews, today announced it has raised $32 million in Series A funding in a round led by Accel, with participation from Summit Partners, GV (formerly Google Ventures), and previous investor Y Combinator.

Prior to Podium’s Series A, the company had raised $4 million over two seed rounds. That $4 million was enough to drive an increase of over 600 percent in year-over-year recurring revenue, taking the company to over $12 million in ARR by the end of 2016. Podium has also grown its headcount over 1000 percent to build a team of 175 full-time employees to-date, and acquired a customer roster that spans across the United States, totalling over 80,000 users. This growth has been entirely based on Podium’s first product that helps local businesses generate and report on reviews and feedback. After starting with SMBs in late 2014, the company is now seeing significant growth with mid-market and enterprise customers.

“We rarely see such efficient growth paired with such a large market opportunity,” said Miles Clements of Accel. “Podium’s growth is on par with some of the most well-known tech companies in the world, and we believe that’s due to the technology, the team, and a unique approach to an often neglected market: local businesses.”

Podium was founded on the principle that local businesses need help building an authentic story online. While reviews are a critical piece of the marketing toolkit for these businesses, Podium’s solution recognizes that they are just one piece of the puzzle. The company’s technology aims to impact the entire customer lifecycle, boosting consumer engagement even further.

“We believe Podium’s vision - to power business to consumer interactions throughout the entire customer journey - is extraordinarily compelling,” said Andy Collins of Summit Partners. “The majority of consumer discovery happens online, but a vast majority of purchases still occur offline. Podium has the potential to meaningfully influence the massive end market of local commerce.”

Podium’s Messenger product is a new addition to the company’s platform that enables businesses to interact with their customers via convenient channels they are already using, such as text message. The goal is to give businesses the power to consolidate customer interactions into a single platform to improve events like scheduling, updates, or general questions.

“Businesses are rapidly learning that online interactions, online reviews, or digital communications, lead to offline, face-to-face interactions and ultimately to purchase decisions,” said Eric Rea, CEO and co-founder of Podium. “That understanding has made us hyperfocused on improving the relationship between local business and consumers. Our goal is to make interactions more convenient for consumers and more productive for businesses. We believe we are the best in the world at helping local businesses tell their story through online reviews, and we will continue to work tirelessly to build on that foundation by providing technology solutions that benefit both the businesses and their end-consumer.”

About Podium
Podium helps businesses drive customer interaction in the form of online reviews to increase visibility, improve business operations, and drive purchase decisions. Podium serves 80,000+ users across nearly 10,000 businesses and is redefining the modern relationship between businesses and customers. Headquartered in Lehi, Utah, and founded in 2014, Podium has received funding from Accel, Summit Partners, GV (formerly Google Ventures), and Y Combinator. To learn more, visit www.podium.com or contact us at press@podium.com.

About Accel
Accel is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Atlassian, Braintree, Cloudera, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, Jet, Lookout Security, Qualtrics, Slack, Spotify, Supercell, and Vox Media are among the companies the firm has backed over the past 30 years. The firm seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths. Because greatness doesn't have a stereotype. For more, visit www.accel.com, www.facebook.com/accel or www.twitter.com/accel.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $9.5 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries. These companies have completed more than 140 public equity offerings, and more than 170 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit include Acacia Communications, Avast, AvePoint, Gainsight, Hyperion Solutions, Infor, McAfee, Perforce, RiskIQ, Telerik, Uber, Ubiquiti Networks and WebEx. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Financing to Support Growth and Advance Innovation for Surgical and Medical Specialties

BOCA RATON, FL and NEW YORK – Specialty-specific health information technology leader Modernizing Medicine, Inc. today announced that funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing, have made a substantial investment of $231 million into the company to provide liquidity to existing shareholders, fund further expansion and support future strategic endeavors.

Founded in 2010 by Daniel Cane and Dr. Michael Sherling, Modernizing Medicine is at the forefront of providing intelligent, medical technology. The company’s award-winning flagship product EMA™, is a mobile, cloud-based, specialty-specific electronic health record (EHR) system that is used by thousands of specialty practices nationwide.

Modernizing Medicine’s success can be attributed to its development of technology to support the unique needs of physicians in surgical and medical specialties. With the premise that it was easier to teach physicians how to code software rather than for engineers to learn medicine, Modernizing Medicine hired practicing physicians to build EHR software. The results of this model and time-saving features such as adaptive learning and automated outputs supported by structured data collection have been embraced by physicians. The company now offers a full suite of products and services to empower physicians including Practice Management, Revenue Cycle Management, Telehealth for dermatology, Analytics and more.

With the latest round of funding, the company anticipates pursuing certain strategic initiatives, that may include automation of prior authorization workflows, deployment of an eCommerce platform, investment in data exchange and reconciliation to help practices move clinically relevant data effectively throughout the evolving ecosystem of a patient’s healthcare experience and improvement of access to healthcare via telemedicine.

Modernizing Medicine is also pleased to welcome Fred Hassan, Managing Director, Warburg Pincus and the former CEO and Chairman of Schering Plough and Executive Chairman of Bausch & Lomb, and Amr Kronfol, Principal, Warburg Pincus, to its Board of Directors.

“We expect this infusion of capital from Warburg Pincus to be instrumental in advancing our mission to transform how healthcare information is created, consumed and utilized to increase efficiency and improve outcomes,” said Daniel Cane, CEO and co-founder of Modernizing Medicine. “Warburg Pincus brings deep experience in the healthcare technology sector and this investment can help further our growth, bolster innovation and support our clients.”

“Modernizing Medicine’s innovative, market-leading technology is used by thousands of specialty practices and ambulatory surgery centers and is focused on improving both business and treatment outcomes,” said Amr Kronfol, Principal, Warburg Pincus.

Andrew Park, Principal, Warburg Pincus, commented, “We see meaningful opportunities for the company’s continued growth and acceleration of existing products and initiatives, and we look forward to partnering with Dan, Michael and the entire management team.”

Evidence of the company’s success is the announcement that the dermatology, gastroenterology, ophthalmology, otolaryngology, plastic surgery and urology EHR systems were each ranked #1 by Black Book™ on the Physician Practice & Ambulatory Solutions lists. This is the seventh consecutive year that the gGastro™ gastroenterology EHR system ranked first, and the fourth consecutive year that the EMA™ dermatology EHR system earned the top spot.

About Modernizing Medicine
Modernizing Medicine® and its affiliated companies empower physicians with suites of mobile, specialty-specific solutions that transform how healthcare information is created, consumed and utilized to increase efficiency and improve outcomes. Built for value-based healthcare, Modernizing Medicine’s data-driven, touch- and cloud-based products and services are programmed by a team that includes practicing physicians to meet the unique needs of dermatology, gastroenterology, ophthalmology, orthopedics, otolaryngology, pain management, plastic surgery, rheumatology and urology practices, as well as ambulatory surgery centers. Connect with Modernizing Medicine on our Blog, Facebook, LinkedIn and Twitter. Modernizing Medicine is a member of CommonWell Health Alliance. For more information visit www.modmed.com.

About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $44 billion in private equity assets under management. The firm’s active portfolio of more than 140 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 16 private equity funds which have invested more than $60 billion in over 780 companies in more than 40 countries. Warburg Pincus has been an active investor in the health technology sector, with current investments including DocuTAP, Helix, Intelligent Medical Objects (IMO), Specialists On Call, and A Place For Mom.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information, please visit www.warburgpincus.com.

Source: Modernizing Medicine

Summit Partners leads financing round, with participation from Noro-Moseley Partners, to strengthen the company’s position as the leading provider of Mac infrastructure for individuals and enterprises

ATLANTA, GA and BOSTON, MA – MacStadium, the Mac hosting authority and only provider of Mac Pro private cloud infrastructure-as-a-service (“IaaS”) around the world, announced today that it received a growth equity investment led by Summit Partners, with participation from Noro-Moseley Partners. MacStadium will use the funding to continue product and service innovation, expand its leading market position and build brand awareness.

Founded in 2012, MacStadium leverages its proprietary, patented platform and dedicated servers to provide hosted cloud solutions to software developers in over 50 countries around the world. With operations in Atlanta, Georgia, Las Vegas, Nevada and Dublin, Ireland, the company has deployed more than 10,000 Mac Minis and Mac Pros and serves more than 2,500 customers. In 2016, MacStadium was #44 on the Inc. 5000 List and was recognized at #20 on the Deloitte Technology Fast 500 List for North America.

“Summit Partners’ deep experience in the infrastructure and DevOps sectors will help MacStadium capitalize on new market opportunities and accelerate the execution of our long-term business plans,” said Gregory McGraw, CEO of MacStadium. “Together with Summit Partners and Noro-Moseley Partners, we are well equipped to continue MacStadium’s global expansion to more fully address the needs of over 10 million and growing iOS software developers worldwide.”

“MacStadium is a clear leader in the developer-focused cloud infrastructure services market,” said Michael Medici, Managing Director at Summit Partners who has joined the MacStadium Board of Directors. “We believe the company is well positioned for future growth as the adoption of agile, continuous integration/deployment and other DevOps strategies continue to gain traction within enterprises. We are thrilled to partner with Greg McGraw, Jason Michaud and the rest of the management team to support the company’s continued growth.”

Mike Elliott, General Partner with Noro-Moseley Partners who has joined MacStadium’s Board of Directors, added, “Customers rely on MacStadium’s infrastructure to improve the performance of development teams and deliver applications to market more quickly. As release cycles continue to shrink, we believe the solutions that MacStadium provides will only become more critical to its customers.”

“With this additional capital and with the support of our new equity partners, we are focused on further establishing our position as an innovative leader in the IaaS market,” said Jason Michaud, President and Founder of MacStadium. “We are excited about this next phase of growth.”

MacStadium was advised by DH Capital, LLC and Morris, Manning & Martin, LLP. Summit Partners was advised by Choate Hall & Stewart LLP. Noro-Moseley Partners was advised by DLA Piper LLP.

About MacStadium
MacStadium is a leading provider of on-demand cloud IaaS, offering managed Mac hosting and private cloud solutions for individuals and organizations of all sizes. MacStadium is headquartered in Atlanta, Georgia with growing operations in Las Vegas, Nevada and Dublin, Ireland. Learn more at MacStadium.com.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $9.5 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries. These companies have completed more than 140 public equity offerings, and more than 170 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit include Acacia Communications, Avast, AvePoint, E-TEK Dynamics, Gainsight, Hyperion Solutions, Infor, McAfee, Perforce, RiskIQ, Telerik, Uber, Ubiquiti Networks and WebEx. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About Noro-Moseley Partners
Noro-Moseley Partners, based in Atlanta, is a venture capital firm focused on early growth stage companies in the healthcare IT and services sectors and information technology sectors. Since 1983, NMP has been a leader in its market, investing more than $750 million in over 190 companies. The managers of NMP’s current fund, Noro-Moseley Partners VII, have more than 60 years collectively of direct venture investing experience and bring a diverse set of skills to assist entrepreneurs in growing their companies. For more information, visit www.noromoseley.com.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

SOUTHBOROUGH, MA and BOSTON, MA ― PrismHR, the leading provider of software for human resource outsourcing (HRO) service providers, today announced a majority investment from global growth equity investor Summit Partners. This transaction includes new funding that will help propel the delivery of additional software and services to the more than 340 HRO organizations that use PrismHR software today, helping them grow and thrive.

With over 20 years of experience in the field of human resources, PrismHR provides comprehensive software solutions for professional employer organizations (PEOs) and administrative service organizations (ASOs). PrismHR helps those HR organizations save time, improve productivity, mitigate risk and attract, win and retain business more effectively than any other available solution.

“As the human resources function increases in complexity, the demand from small and medium-sized businesses for outsourced HR solutions continues to grow,” said Gary Noke, President and CEO of PrismHR. “PrismHR offers one of the most extensive and flexible platforms available to HROs. Our partnership with Summit will enable us to accelerate the development and expansion of this platform to meet the growing demands of our clients and their end customers.”

PrismHR has realized strong growth since Accel-KKR made an initial equity investment in 2014. The company’s achievements include:

• Increased total revenue and headcount by nearly 3x
• Grew annual revenue 59% in 2016
• Released the next generation of the PrismHR Platform – the HR outsourcing solution for Payroll, Benefits, HR and more
• Expanded the platform with applicant tracking, mobile capabilities, next generation benefits enrollment, integrated time support and enhanced extensibility
• Increased the number of HR Service Providers using PrismHR software by 94%, which led to 50% growth in worksite employees
  
  

Video: Why PrismHR’s Financial Backing Helped Aureon Choose PrismHR

“PrismHR’s recent growth has been remarkable, and we believe the company is well positioned to continue this impressive trend,” said Scott Collins, Managing Director at Summit Partners who will join the PrismHR board of directors. “The company’s cloud-based software allows HROs to service their small and medium-sized customers with a more seamless, sophisticated solution – and positions PrismHR to capitalize on the tremendous opportunity in human resources technology and services.”

“This new capital, combined with Summit Partners’ extensive resources and experience, will help us to execute on our vision faster than ever,” added Noke. “We can now build out the next phase of our corporate strategy and products, allowing our clients to take full advantage of the scale, resources and depth of the PrismHR platform – and to accelerate their own growth in the process.”

In addition to Mr. Collins, Summit Partners Vice President, Zachary Gut will join the PrismHR Board of Directors. Existing investor Accel-KKR invested alongside Summit Partners in the transaction and Greg Williams, Managing Director, will remain on the PrismHR board. PrismHR founder Fred Davison continues to be a significant shareholder in the Company.

About PrismHR
PrismHR creates exceptional software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class HR, benefits and payroll to small and medium-sized businesses. PrismHR powers more than 80,000 organizations, delivering payroll, benefits and HR to greater than 2 million worksite employees and processing over $55 billion in payroll each year.

For more information, visit www.prismhr.com or come see us at the HRO industry’s largest technology conference, PrismHR LIVE, in Nashville in June. PrismHR is currently hiring for a wide range of roles and moving to a new headquarters in Hopkinton, Massachusetts during summer 2017.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $9.5 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries. These companies have completed more than 140 public equity offerings, and more than 170 have been acquired through strategic mergers and sales. Notable software and SaaS companies financed by Summit include Acturis, Avast, AvePoint, Ascentis, Clearwater Analytics, Darktrace, Fuze, Gainsight, Hyperion Solutions, Infor, McAfee, Perforce, RiskIQ, Telerik, TSheets, Uber, WebEx and Visier. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About Accel-KKR
Accel-KKR is a technology-focused investment firm with $4.0 billion in capital commitments to its current funds. The firm invests in software and IT enabled businesses well positioned for top line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions from minority-growth investments to buyouts, recapitalizations, divisional carve-outs and going-private transactions. The firm has offices in Menlo Park, Atlanta and London. For more information, please visit www.accel-kkr.com.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

NEW YORK, NY — Focus Financial Partners (‘Focus’), a leading international partnership of independent, fiduciary wealth management firms, announced today that an investor group led by Stone Point Capital (‘Stone Point’) and KKR will acquire a majority stake in the company, which values Focus at approximately $2 billion. Selling shareholders include Focus’ existing private equity investors, Centerbridge Partners, Summit Partners and Polaris Partners, as well as certain wealth management affiliates and employees. This is the third liquidity event for Focus and its wealth management affiliates since 2013. Focus’ senior management team will continue to lead the business and each will remain a significant shareholder.

Rudy Adolf, Founder and CEO of Focus Financial Partners, said, “Stone Point and KKR are highly regarded investors who support entrepreneurs in the financial services industry. A key reason for our partnership is the vision we share for continued growth. We are committed to being the best partner to entrepreneurial wealth management firms throughout the U.S. and across the globe, and we remain committed to creating value for all of our shareholders, including our clients, partner firms and affiliates, and employees.”

"Rudy and his team have built a remarkable business model that provides relentless support to their independent wealth management advisors," said Chuck Davis, CEO of Stone Point Capital. "We are excited to enhance their continued expansion with our sector expertise and deep network of relationships throughout the financial services industry."

"By consistently delivering value to its clients and partner firms, Focus has distinguished itself as the partner-of-choice for leading independent wealth managers in the U.S. and beyond. We look forward to supporting the firm's continued success by leveraging our global network and resources," said Henry Kravis, Co-Founder, Co-Chairman and Co-CEO of KKR.

Founded in 2006, Focus has over 45 partner firms and affiliates across the United States, Australia, Canada and the United Kingdom, with a joint venture in China. In August 2016, Focus was named one of the nation’s fastest-growing companies by Inc. magazine for the fifth time. Focus’ model – which combines entrepreneurship, value-add to partners, and access to capital – has resonated in the marketplace, with over 20 acquisitions completed in 2016 and six already announced in 2017.

Goldman, Sachs & Co., BofA Merrill Lynch and BMO Capital Markets served as financial advisors to Focus, and RBC Capital Markets and SunTrust Robinson Humphrey served as financial advisors to the investor group. RBC Capital Markets and SunTrust Robinson Humphrey also provided committed financing for the transaction. Focus was represented by Vinson & Elkins, and with respect to financing by Weil, Gotshal & Manges. Stone Point was represented by Kramer Levin Naftalis & Frankel, and with respect to the financing by White & Case LLP. KKR was represented by Simpson Thacher & Bartlett LLP; Centerbridge Partners was represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP and Paul Hastings LLP; Summit Partners was represented by Kirkland & Ellis; and Polaris Partners was represented by Goodwin Procter.

The closing of the transaction is subject to customary approvals and expected in mid-2017.

About Focus Financial Partners
Focus Financial Partners is a leading partnership of independent, fiduciary wealth management firms. Focus provides superior access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with wealth management, benefits consulting and investment consulting services. Focus partner firms maintain their operational independence, while they benefit from the synergies, scale, economics and best practices of a market leader to achieve their business objectives. For more information about Focus Financial Partners, please visit www.focusfinancialpartners.com.

About Stone Point Capital
Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed six private equity funds – the Trident Funds – with aggregate committed capital of approximately $13 billion. Stone Point targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, specialty lending and other credit opportunities, mortgage services companies and employee benefits and healthcare companies. For further information about Stone Point, see www.stonepoint.com.

About KKR
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.

Source: Focus Financial Partners

BOSTON, MA and MENLO PARK, CA — Summit Partners, a global alternative investment firm, today announced the final closing of two equity funds with combined commitments of $4.0 billion. Summit Partners Growth Equity Fund IX is a $3.3 billion fund targeting equity investments of more than $50 million. Summit Partners Venture Capital Fund IV is a $730 million fund targeting equity investments of up to $50 million. Both funds will pursue the growth equity strategy the firm has employed since its inception in 1984. Summit seeks to identify category-leading companies, partner with exceptional entrepreneurs and management teams, and deliver post-investment support to accelerate growth and enhance value.

“Over more than three decades as a growth equity investor, Summit has developed deep sector expertise, an extensive global network of relationships, and a track record of supporting the needs of growth companies. We intend to continue to serve as an invaluable partner for entrepreneurs and executive teams with our new growth equity funds,” said Peter Y. Chung, Managing Director and Chief Executive Officer of Summit Partners. “On behalf of the entire Summit team, we are truly grateful for the trust and support of both new and existing investors in these funds.”

With more than 100 investment professionals across offices in Boston, Menlo Park and London, Summit makes both minority and majority investments in growing companies across key industry sectors including technology, healthcare, financial technology and services, consumer and industrial. As board members and through the efforts of the firm’s dedicated portfolio services teams – its Peak Performance Group, Capital Markets Team, Talent & Recruiting Team, and Executive Partner Programs – Summit offers capital, expertise and resources to help category-leading companies accelerate their growth and build businesses of lasting value.

Since its inception in 1984, Summit Partners has managed combined assets of more than $20 billion.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm focused on growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries. These companies have completed more than 140 public equity offerings, and more than 165 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

SAN MATEO, CA and MENLO PARK, CA – Ascentis Corporation, a market-leading provider of cloud-based, software-as-a-service (SaaS) human capital management (HCM) solutions and integrated payroll services, today announced a majority recapitalization by global growth equity investor Summit Partners. Brian Provost, an Executive-in-Residence with Summit Partners and a software industry leader with more than 20 years of executive experience, will join Ascentis as CEO. The funding will be used to fuel product innovation and drive new growth initiatives.

Ascentis offers a comprehensive, end-to-end suite of human resources, benefits, payroll, timekeeping and talent management products to more than 1,000 customers throughout the U.S. and Canada. The company’s SaaS-based solutions increase productivity by automating HR and payroll processes, reducing costs, providing meaningful insights into organizational trends, and empowering employees in all aspects of the HR and benefits process.

“HR professionals – particularly in the mid-market – face an increasingly complex set of requirements as they grow and manage their workforce. Ascentis offers the technological depth and the broad functionality necessary for our customers to scale from dozens to thousands of employees,” said Mr. Provost. “Ascentis serves a large and growing market with a robust solution. I’m delighted to partner with Summit and lead Ascentis in its next phase of growth.”

With more than two decades of executive leadership experience in rapidly growing SaaS technology companies, Mr. Provost joins Ascentis from Summit Partners’ Executive-in-Residence (EIR) program. Previously Mr. Provost served as President and CEO of Convey Compliance, a tax compliance SaaS company acquired by Sovos Compliance. Prior to Convey, Mr. Provost served as Chief Operating Officer of Gelco Expense Management, a SaaS-based provider of travel expense management solutions acquired by Concur Technologies. In addition, he served in leadership roles at several prominent companies including Wizmo, Inc., Norstan Communications (acquired by BlackBox), and ColorSpan (acquired by Hewlett Packard).

“Over his impressive career, Brian has earned a strong reputation for his distinct understanding of growth stage software businesses,” said Peter Rottier, a Managing Director with Summit Partners, who has joined the Ascentis Board of Directors. “With Brian’s background driving growth at SaaS-based companies focused on HR, compliance, tax and expense management, Ascentis is a perfect fit for his talents. We are thrilled to work with Brian and we are delighted to welcome Ascentis to Summit’s software portfolio.”

“We believe Ascentis is one of the few software providers that delivers a truly integrated HCM solution to mid-market enterprises,” added Len Ferrington, a Managing Director with Summit Partners who has also joined the Ascentis Board of Directors. “As these organizations seek to modernize and optimize their approach to workforce and knowledge management, we believe Ascentis is well positioned to accelerate its already impressive growth trajectory.”

In addition to Mr. Rottier and Mr. Ferrington, Summit Partners Vice President J.P. Sanday has joined the Ascentis Board of Directors, serving alongside current board members Walter Turek, a former Paychex senior executive with significant HCM market expertise, and Bradley Palmer, Palm Ventures’ Chairman and Founder.

In 2007, Palm Ventures acquired a majority interest in Ascentis and structured and funded the company’s acquisition of EBS On-line, a San Mateo, California-based payroll processing company. In 2012, growth equity firm Catalyst Investors invested and became the largest shareholder in the company. Following Summit’s recapitalization, Catalyst will exit its investment and Palm Ventures will continue to hold a minority position in the company.

About Ascentis
Ascentis Corporation offers easy-to-use, SaaS-based recruiting, HRIS, talent management, online payroll, and time and attendance solutions that support greater business efficiency and accuracy. Ascentis automates critical HR and payroll processes such as full-scale benefits management, compliance, online open enrollment, workforce management, real-time payroll processing, tax filing, applicant tracking, employee and manager self-service and reporting. Ascentis’ talent management solutions include learning management, performance management, succession planning, 360° assessment and compensation management. One point of data entry means employee information is accurate, up-to-date and reportable. Electronic submission of information to insurance carriers eliminates errors and supports a paperless open enrollment process. For more information, visit www.ascentis.com.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $7.2 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries. These companies have completed more than 140 public equity offerings, and more than 165 have been acquired through strategic mergers and sales. Notable software and SaaS companies financed by Summit include Avast, Clearwater Analytics, Darktrace, Gainsight, HelpSystems, Hyperion Solutions, Infor, McAfee, Perforce, RiskIQ, Telerik, TSheets, WebEx and Visier. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About Palm Ventures
Palm Ventures is a Greenwich, CT based private investment firm focused on investing long-term patient family capital in partnership with management teams across the full investment spectrum including start-ups, growth capital, restructurings and buyouts. Over a 25 year period, Palm Ventures has invested in more than 60 businesses in numerous industry segments, with a particular focus on businesses which have a positive social impact. For more information, visit www.palmventures.com.

About Catalyst Investors
Catalyst Investors is a growth private equity firm founded in 2000. Catalyst employs a rigorous top-down research focus that seeks to identify investment opportunities in companies and industries that will exhibit strong revenue and margin growth. The firm works in true partnership with talented management teams to build long-term value and is committed to investor transparency. Past and present Catalyst portfolio companies include Ascentis, Catalyst Repository Systems, Clinicient, Conductor, Datavail, Denali Spectrum, InSite Wireless Group, Latisys, MessageLabs, MediaMath, MINDBODY, PresenceLearning and WeddingWire. For more information, visit www.catalyst.com.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Round led by Sorenson Capital with existing Investors Adams Street Partners, Summit Partners, and Foundation Capital participating

VANCOUVER, BC and SAN JOSE, CA – Visier, provider of the leading people strategy platform, today announced it has closed $45 million in Series D financing. Sorenson Capital led the round and is joined by existing investors Foundation Capital, Summit Partners, and Adams Street Partners. This round brings Visier’s total funding to $94.5 million.

Visier is credited with the innovation of applied business analytics -- the next generation of business intelligence that finally delivers on the promise of data-driven decision making by answering business leaders’ questions in real time, from the cloud, with no dependency on technical resources.

Watch the 1-minute video: reinventing business intelligence.

The new capital will help fuel the company’s efforts to meet the ever growing demand for its people strategy platform, as well as to grow its international and partner ecosystems. Visier’s customers include the world’s most widely recognized brands, across a broad range of industries: today more than 100 blue chip enterprises have selected Visier, including many Global 2000 and Fortune 500 leaders.

“Where others are struggling, Visier is thriving,” says John Schwarz, Visier’s CEO and Founder. “We are experiencing a tidal wave of demand because, instead of focusing on data tools and data scientists, Visier has focused on business leaders and on their important and ever changing and probing questions.”

Schwarz continues, “Contrary to prevailing opinion, analytics isn’t about organizing or accessing data. Achieving dramatically improved business results through analytics is about answering the right questions, which then shape the business tactics -- this is what drives better business outcomes. Visier was founded to meet this need. And our customers are realizing incredible results.”

Read the blog post and ebook: Goodbye Tools. Hello Solutions.

Since its last round of financing in June 2014, Visier has:

• Tripled the number of its enterprise customers
• Achieved a “best in class” net promoter score of 58 and annual renewal revenue rate over 100 percent
• Grown its annual recurring revenue by over 525 percent
  
  

With a focus on disruptive technology companies, new investor Sorenson Capital brings to Visier its expertise in helping successful companies accelerate their growth to achieve a lasting market value.

“Visier’s product-centered culture and market position are perfectly aligned with Sorenson Capital’s principled thesis of supporting leaders in transformative industries,’ says Rob Rueckert, Managing Director at Sorenson Capital, who joins Visier’s Board of Directors. “Like very few others, Visier has mastered the combination of profound domain expertise with cutting-edge analytics capabilities in the hands of business users.”

Read Rob Rueckert’s blog post: Applying Domain Expertise to Big Data Analytics.

About Visier
Our curiosity, the desire to understand, is inseparable from what it means to be human. But, in the hype of big data analytics, we’ve forgotten that data does not equal knowledge.

Visier was founded to focus on what matters: answering the right business questions, even the ones a person might not know to ask. Questions that shape business strategy, provide the impetus for taking action, and drive better business results.

Visier is dedicated to transforming business analytics, to providing leaders with clear answers to critical business questions -- out-of-the-box, without the hassle and cost of data management, statements of work, and long and risky development projects.

Visier lets companies say goodbye to data quality problems, to complexity, to costly tools, to endless service fees, and to guesswork. A people strategy platform designed by domain experts for leaders, Visier lets leaders say hello to clarity, to confidence, to meaningful answers -- and to better business performance. Say hello to Visier. Outsmart, outperform.

For more information, visit www.visier.com.

Source: Visier

Financing round signals massive market opportunity as Fuze seizes greater market share of global UCaaS segment; brings total company funding to over $300 million

Fuze, the leading cloud-based communications solution for the modern global enterprise, today announced it has closed $104 million in financing led by Wellington Management Company LLP. This investment brings the company’s total funding to $304 million. The new capital will be used to continue expanding internationally and to fund product innovation for Fuze’s enterprise customer segment. Wellington Management Company LLP is joined by Greenspring Associates and existing investors Summit Partners, Bessemer Venture Partners (BVP), and G20.

A global UCaaS platform, Fuze empowers productivity and collaboration across enterprises with modern cloud-based voice, video, and messaging solutions. By seamlessly integrating voice, video, and messaging into a simple, elegant experience, Fuze is designed to power every conversation at work with the enterprise-grade reliability and security that businesses require.

In 2016, Fuze grew sales by 90 percent, adding 449 new customers, including The National Geographic Society, The Rockport Group, Socotec, and John Paul with 36 percent of business coming from outside of North America. Its top ten deals of 2016 represented a combined $71 million in contract value, solidifying Fuze’s position as the leading UCaaS platform for global enterprises.

“Over 2016, we experienced tremendous growth in deal size among the large enterprise segment, with CIOs and IT leaders adopting Fuze’s unified communications platform as a central part of their strategy to drive digital transformation in their organizations,” said Steve Kokinos, Fuze Founder and CEO. “This latest round of investment advances Fuze’s aggressive pursuit of the market for our cloud-based business communications platform, accelerates geographic expansion to service our large global customers, and fuels product innovation in ways that align with our long-term growth strategy.”

Global Market Insights, Inc., forecasts the unified communications market to reach $96 billion by 2023 and predicts a steady proliferation of hosted products will be one of the key unified communications market trends, eliminating infrastructure cost and offering a centralized management system wherein services are provided by means of the cloud.

Fuze marked 2016 with record growth, international expansion, and market recognition for its industry leading cloud-based communications platform. Forbes named the company one of 2016’s Next Billion-Dollar Startups, and the publication also ranked Fuze 19th on its first-ever Forbes 2016 Cloud 100, the definitive list of the top 100 private cloud companies in the world. The Massachusetts Technology Leadership Council (MassTLC) recognized Fuze as the 2016 “Emerging Company of the Year” and named its platform the “Best Use of Cloud Technology.” Fuze was also positioned by Gartner, Inc. as a Leader in its 2016 Magic Quadrant for Unified Communications as a Service, Worldwide report*.

After rebranding to Fuze in early 2016, the company later unveiled a completely redesigned UX: a best-of-breed, enterprise-grade platform supported by the high degree of quality, reliability, security, and analytics demanded by today’s businesses. To meet global demand, Fuze expanded operations in Asia Pacific with the opening of a new Sydney office and three new data centers in Hong Kong, Singapore, and Sydney. It also grew across Europe, opening new offices in Munich, Zurich, and Madrid, following on the heels of the company’s existing operations in the U.K., the Netherlands, Denmark, Portugal, and France.

“Today’s CIO must lead digital transformation,” continued Kokinos. “We believe that championing the modern, connected workforce, with a cloud-based approach to business communications, is central to that strategy. We remain committed to innovating communications solutions with an elegant, all-in-one app people actually want to use because it is built for how they work.”

*Research Report Source: Gartner, Inc. Magic Quadrant for Unified Communications as a Service, Worldwide, Daniel O’Connell, Bern Elliot, Aug. 23, 2016. Fuze formerly known as Thinking Phones.

About Fuze
Fuze is a global, cloud-based unified communications platform that empowers productivity and delivers insights across the enterprise by enabling simplified business voice communications, flexible video conferencing, and always-on collaboration. Formerly ThinkingPhones, Fuze allows the modern, mobile workforce to seamlessly communicate anytime, anywhere, across any device. Headquartered in Cambridge, MA, Fuze has additional locations including New York, San Francisco, Seattle, Ottawa, London, Amsterdam, Aveiro (Portugal), Paris, Munich, Zurich, Madrid, Copenhagen, and Sydney. For more information, visit www.fuze.com.

Source: Fuze

Executive realignment and growth investment positions company for continued expansion

SCOTTSDALE, AZ and MENLO PARK, CA – InfoArmor, Inc., an industry-leading provider of employee protection solutions and elite cyber intelligence services, today announced the realignment of its executive team, naming current President and CFO John Schreiber to the role of Chief Executive Officer. The company also announced an investment by global growth equity investor Summit Partners. The leadership shift and the funding positions InfoArmor for continued rapid growth.

Schreiber, a board member and CFO since 2008, and President since 2009, helped InfoArmor navigate the 2008-2009 financial crisis and also architected the two acquisitions that became the foundation of the company’s Advanced Threat Intelligence business unit. In his new role, Schreiber’s primary focus will be on optimizing sales, operations and strategy as InfoArmor enters its next phase of growth. InfoArmor Founder and CEO Drew Smith will assume the role of Executive Chairman where he will remain focused on leading product innovation. Smith will also continue his commitment to building the team and strategic partnerships.

“Now is the time for John to take the reins as InfoArmor’s Chief Executive Officer,” Smith said. “His vision, discipline and track record of execution is exactly what InfoArmor needs as we enter our next chapter, which I am confident will be even more exciting than the last. With 100 percent of his energy focused on sales, operations and strategy, I’m eager to see what John will accomplish.”

Founded in 2007, InfoArmor delivers digital identity and financial wellness protection as well as and threat intelligence and investigative services to help businesses fight evolving online threats. Today, more than 600 businesses and government agencies, including 50 of the Fortune 500, use PrivacyArmor®, the industry leading employee identity protection solution, or VigilanteATI, InfoArmor’s award-winning advanced threat intelligence platform to improve their data security posture.

“When I joined InfoArmor we had a small team that overcame some early obstacles and together, we built a durable, high-growth information security business,” Schreiber said. “Today, I am excited to lead an increasingly talented group forward into our next wave of growth. Drew and I have been partners from even before day one when I helped him source the funding to create InfoArmor. That partnership has spanned almost 10 years and I am pleased it will continue with Drew as Executive Chairman.”

Summit Partners, a leading global growth equity investor, made a meaningful investment in InfoArmor in May 2016. The funding positions InfoArmor to pursue future acquisition opportunities and other expansion efforts.

“Summit brings considerable expertise in channel relationship building, technology, talent sourcing and business development – all of which will benefit InfoArmor as we move forward,” added Schreiber. “We are excited to leverage the resources Summit offers, as well as the firm’s deep experience in the security sector.”

“InfoArmor offers a differentiated solution that helps organizations protect their employees in a constantly evolving and growing threat landscape,” said Andrew Collins, a Managing Director with Summit Partners who joined the InfoArmor Board of Directors. “John brings tremendous experience as an operator and we are excited to have him at the helm. We are grateful for Drew’s ongoing commitment to building the InfoArmor team and his continued role in developing innovative products and services to strengthen the company’s leadership position.”

About InfoArmor, Inc.
InfoArmor provides industry-leading solutions for employee identity protection and advanced threat intelligence to help organizations protect their most valuable assets. We combine an unparalleled global research network with big data analysis, actionable intelligence and customized service to meet clients’ dynamic security needs. From employee to enterprise, InfoArmor is redefining how organizations fight fraud and combat an ever-changing cyber threat landscape to mitigate risk on multiple levels. Today, more than 600 businesses and government agencies, including 50 of the Fortune 500, use PrivacyArmor, the industry leading employee identity protection solution, or VigilanteATI, our award-winning advanced threat intelligence platform to improve their data security posture. For more information, visit InfoArmor.com or follow on Twitter at @InfoArmor.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $7.2 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries. These companies have completed more than 140 public equity offerings, and more than 165 have been acquired through strategic mergers and sales. Notable security companies financed by Summit include Avast, Darktrace, McAfee, NetWitness, RiskIQ, SafeBoot and TeleSign. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

BOSTON, MASSACHUSETTS; MENLO PARK, CALIFORNIA and LONDON, UNITED KINGDOM – Summit Partners, a leading alternative investment firm, today announced four promotions on its global team. Jay Pauley and Thomas Tarnowski were promoted to Managing Director; and Antony Clavel and Peter Francis were promoted to Principal.

“We are proud to recognize the achievements of Jay, Thomas, Antony and Peter with these well-deserved promotions,” said Peter Chung, Managing Director and Chief Executive Officer of Summit Partners. “Each of these professionals has made a meaningful impact on the firm, working alongside our portfolio companies and serving our investors with dedication and integrity.”

Jay Pauley has been promoted to Managing Director. Jay joined Summit’s Boston office as a Vice President in 2010, moved to the Menlo Park office in 2013, and has served as a Principal since 2014. Jay is a member of Summit’s growth products & services team, where he focuses primarily on the technology-enabled business services, industrial technology, distribution and consumer sectors. Jay’s board and investment experience includes Central Security Group, FineLine Technologies, Grand Design RV (acquired by Winnebago Industries, NYSE: WGO), Parts Town, Vivint and Vivint Solar (NYSE: VSLR). Prior to Summit, Jay worked for GTCR, Apax Partners and GE Capital. Jay holds a BS, magna cum laude, from the Honors Business Program at The Ohio State University and an MBA from the Wharton School at the University of Pennsylvania.

Thomas Tarnowski has been promoted to Managing Director. Thomas joined Summit’s London office as a Principal in 2013 and leads Summit’s healthcare and life sciences team in Europe. His board and investment experience includes DentalPro and Independent Vetcare. Prior to Summit, Thomas worked for Triton, where he led the Nordic healthcare team with a focus on healthcare services and medical technology investments. Before that, he worked for Credit Suisse First Boston and Citigroup. Thomas is a Danish national, and he holds a BBA from Valdosta State University and an MBA from Harvard Business School.

Antony Clavel has been promoted to Principal. Antony joined Summit’s London office as a Vice President in 2013. Focusing primarily on the technology sector, Antony’s board and investment experience includes Calypso Technology, Darktrace, Masternaut, Siteimprove and RELEX Solutions. Prior to Summit, Antony worked for Allen & Company where he advised US and European technology entrepreneurs on M&A and raising capital. Antony is a Swiss national, and he holds a BA in mathematics from Oxford University with First Class Honors and an SM in computer science from Harvard University.

Peter Francis has been promoted to Principal. Peter joined Summit’s Boston office as a Senior Associate in 2011, moved to the firm’s Menlo Park office in 2012 and has served as a Vice President since 2015. Focusing primarily on the healthcare & life sciences sector, Peter’s board and investment experience includes BluePearl Veterinary Services (acquired by Mars Petcare), Healthline Media, HealthSun and Solutionreach. Prior to Summit, Peter worked for Jefferies & Company and UBS Investment Bank on the global healthcare team. He holds a BA in economics from Cornell University.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $7.2 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries. These companies have completed more than 140 public equity offerings, and more than 165 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe, and invests in companies around the world.For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

BOSTON, MASSACHUSETTS – Summit Partners announced today that David Schiller has joined the company as Chief Investor Relations Officer. Dave joins the Summit Partners team at the firm’s Boston headquarters, and is focused on building and maintaining relationships with the firm’s global limited partner investor base.

Prior to Summit, Dave was a Managing Director at Renaissance Institutional Management, where he was responsible for business development and investor relations efforts for the company’s hedge fund products. Previously, Dave co-led North American institutional distribution for BlackRock Alternative Investors, the business unit responsible for BlackRock’s investments in hedge funds, hedge fund of funds, private equity, real estate, infrastructure and specialized alternative products. In the past, he has also held business development and institutional relationship management roles with Barclays Global Investors and Goldman Sachs & Co.

“Dave brings invaluable experience and great enthusiasm to this important role,” said Summit Managing Director and Chief Investment Officer, Marty Mannion. “His efforts will be instrumental in helping us to serve the needs of current and future limited partners, and we are thrilled to welcome him to the Summit team.”

“This is a passionate group of investors and a firm with more than three decades of experience investing in growth sectors across the globe,” said Dave Schiller. “I am excited to join Summit’s investor relations team, and I look forward to getting to know our limited partners and helping them meet their investment needs.”

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $7.2 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in healthcare, life sciences, technology and other growth industries. These companies have completed more than 140 public equity offerings, and more than 165 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Peak’s advanced flow control products and well intervention solutions expand Production Services portfolio

HOUSTON, TEXAS — Schlumberger today announced the acquisition of Peak Well Systems (Peak), a leading specialist in the design and development of advanced downhole tools for flow control, well intervention and well integrity.

The addition of Peak’s mechanical and remedial solutions for cased-hole well intervention strengthens the Schlumberger Production Services portfolio with a broader offering of mechanical services to its global customers.

“In the past few years, Peak has developed a portfolio of flow control technologies that are recognized as some of the leading products in the industry largely due to their simplicity, performance, reliability and ease of retrievability,” said Hinda Gharbi, president, Wireline, Schlumberger. “Bringing Peak technologies into our existing Production Services portfolio will give us the opportunity to offer our customers fully integrated well intervention solutions on electric line, mechanical slickline or digital slickline.”

Nigel Avern, chief executive officer, Peak Well Systems, added, “Schlumberger’s acquisition of Peak is extremely positive news for both companies and for the industry in general. We have been working closely with Schlumberger on several collaborations and initiatives during the past year and what has become clearly apparent is our compatibility. This is a natural fit for both companies and one which will ultimately benefit our customers.”

Peak Well Systems designs and manufactures advanced downhole tools that isolate, extend well life, restore well integrity and enhance well performance with SIM retrievable bridge plugs and disruptive technologies such as the SIM ULTRA plug, which is a high performance retrievable bridge plug capable of providing HPHT and gas tight (ISO 14310:2008 – Grade V0) zonal isolation, even in sour gas conditions.

Existing Peak customers will continue to have access to the full range of Peak’s well intervention products, and will now benefit from a wider distribution network and world-class service delivery platform offered by Schlumberger, in all global markets.

Schlumberger acquired Peak from growth equity investor Summit Partners and the company's founders and management team.

About Schlumberger
Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.

Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $35.47 billion in 2015. For more information, visit www.slb.com.

Source: Schlumberger

EQT VI has signed an agreement to acquire Independent Vetcare Limited (IVC), the third largest vet services provider in the UK, from Summit Partners

EQT VI will support IVC through both organic and acquisitive growth opportunities under the leadership of CEO David Hillier

Run by and for vets, IVC was founded in 2011 through the merger of three veterinary groups, and has since grown rapidly through organic growth as well as a large number of add-on acquisitions. Today, IVC is the largest privately owned vet services platform in the UK with more than 290 sites and an online pet pharmacy. The company is primarily focused on first opinion care, complemented by referral hospitals, and operates a decentralized model promoting clinical freedom balanced with integrated support functions such as procurement, veterinary advisors and clinical boards. With its vet-friendly culture and reputation for clinical excellence, IVC has quickly grown into an organization of approximately 2,700 people, including 800 veterinarians.

David Hillier, CEO of IVC says: “I am very proud of what we have achieved so far in IVC and we are all excited by what the future now holds. IVC has benefitted greatly from Summit´s deep experience in healthcare services and in scaling dynamic organizations like ours. EQT will enable us to continue to develop the group, to increase investment in our people and facilities and empower us to build the premium veterinary group in Europe. We will continue to focus on the values which are dear to us: Teamwork, transparency, client satisfaction and clinical excellence. In EQT we have a partner who shares these values and brings a wealth of experience in veterinary care and associated fields. We are excited to partner with EQT for the journey ahead.”

Thomas Tarnowski, a Principal based in Summit Partners’ London office, who has served on the IVC Board of Directors since the firm’s investment in 2014, comments: “It has been an honour to work alongside David Hillier and the entire IVC team as they carried out their vision of creating a vet-friendly culture that enables practice owners to maintain clinical autonomy, while gaining the benefits of joining a larger organization. We are delighted to transition IVC to EQT for the next phase of the company's growth.”

Per Franzén, Partner at EQT Partners, Investment Advisor to EQT VI, says: “We are very impressed by IVC and the leading position that management has built in the UK market thanks to its passion for veterinary care. EQT’s strong expertise and deep vet services sector experience from Evidensia, alongside EQT’s industrial network, will support IVC’s further growth and development of a veterinary group which keeps decision-making in the hands of the clinician.”

The transaction is expected to close in early 2017. The parties have agreed not to disclose the transaction value.

About EQT
EQT is a leading alternative investments firm with approximately EUR 31 billion in raised capital. EQT Funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 15 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.More info: www.eqtpartners.com

About IVC
IVC is the largest privately owned vet services platform in the UK with more than 290 sites and an online pet pharmacy. IVC employs approximately 2,700 FTEs, including 800+ FTE veterinarians.More info: www.independentvetcare.co.uk

About Summit Partners
Summit Partners is a global growth equity firm that is currently investing more than USD 7.2 billion into equity and fixed income opportunities. Summit has invested in more than 440 companies in healthcare, life sciences, technology and other growth sectors. These companies have completed more than 140 public offerings, and more than 165 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe, and invests in companies around the world.More info: www.summitpartners.com

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Provides Growth Capital for Cloud Software Leader to Drive Digital Transformation across Industries

NEW YORK – Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced it has reached a definitive agreement in which Koch Equity Development LLC ("KED"), the investment and acquisition subsidiary of Koch Industries, Inc., has agreed to make an investment of more than $2 billion in the company. The investment will provide Infor access to additional growth capital to accelerate innovation, expand distribution, and continue disrupting the enterprise applications industry.

KED's investment is strong validation of Infor's strategy and growth - a journey fueled by product investment, innovation, and an entrepreneurial culture. Koch Industries is an American multinational corporation that employs 100,000 people globally and is estimated by Forbes to be the second largest privately-held company in the United States with annual revenue of approximately $100 billion. The investment by KED significantly strengthens Infor's capital base and provides an entrée into a large ecosystem of businesses contemplating digital transformation.

Infor became the first company to move mission critical industry applications to the cloud, and now counts more than 66 million users of its cloud applications. The company's double digit revenue growth in its most recent quarter was fueled by a 130% annual increase in SaaS revenue; more than half of Infor's software revenues are now derived from cloud applications.

Infor's unique cloud strategy uses Amazon Web Services, enabling the company to invest in deep industry functionality with capital that would otherwise be needed to maintain its own data center infrastructure. Infor's broad set of applications running on a hyper-scale cloud with cutting-edge data science and design provide a foundation for modernizing companies in healthcare, fashion, retail, distribution, public sector, and discrete and process manufacturing.

The Infor management team is headed by Chief Executive Officer Charles Phillips, who is leading the company into a new phase of growth, investment, and innovation.

"Koch is one of the largest private companies in the world with diversified holdings and immense resources to support the next exciting phase of growth at Infor and we are thrilled to have their support," said Charles Phillips, CEO of Infor. "Some of the largest companies in the world have approached Infor looking for a modern alternative to the legacy options available for mission critical business applications. Infor has the scale and capital to provide a digital platform for the Global 5000."

Under Phillips' leadership, Infor invested approximately $2 billion in product design and development over the last five years and delivered more than 400 new products, 1,700 integrations, and 16,000 industry features in its CloudSuite product line. Infor now has 15,000 employees and operates in more than 170 countries. Key milestones include:

• First Industry Cloud Company - By building deep industry features directly into its applications instead of leaving that critical content to third party consultants, Infor became the first company to run mission critical applications in the cloud for healthcare, manufacturing, retail, and public sector organizations. Companies no longer want the expensive consulting engagements that were historically required to add industry enhancements to generic software products. By putting thousands of micro-vertical industry features into the applications, all customers in that specific industry can share those features in a multitenant cloud environment. Applications rich in industry domain lower the cost and time of deployment and make future enhancements and upgrades far easier. By enabling mission critical processes to be managed and integrated with applications for CRM, HCM, Marketing, and more in the cloud, Infor delivers a complete CloudSuite for its target industries, which has led to significant growth and larger deal sizes.
• Dynamic Science Labs - Just off the campus of M.I.T. in Kendall Square, Infor built a data science team with more than 70 PhDs and former professors to deliver predictive analytics, machine learning, and optimization for use-cases specific to select industries. Recent innovations around retail assortments, inventory optimization, and pricing segmentation were made possible because of Infor Dynamic Science Labs and access to data on a hyper-scale cloud with unlimited compute power.
• Creative Agency - Infor was the first enterprise applications company to build a captive creative agency in New York. The agency, dubbed Hook & Loop, focuses on user experience and design, a historical weakness for enterprise applications. By leveraging the vast pool of design talent in Manhattan, Hook & Loop has re-defined user experience in the business application category. Infor recently launched H&L Digital, customer-facing consultancy for digital transformation projects.
• Global Commerce Network - Infor ION, a next generation middleware platform that is far simpler and more open than traditional middleware, leverages the open source Apache ESB and a simple XML-based publish-and-subscribe model using OAGIS standards. The ability to quickly integrate Infor and non-Infor applications led to ION becoming one of Infor's fastest growing products ever. Infor is the only business applications provider with a direct commerce network. The company's GT Nexus network connects over 28,000 businesses, banks, logistics providers, brokers, and carriers to process transactions and enable collaboration and visibility among these trading partners.

Leadership Quotes
"Over the last 15 years, Infor has grown from a small company to one of the most significant enterprise software companies in the world and it's been an amazing thing to be a part of," said Infor Board member Jim Schaper.

"The support we are providing to Infor marks one of the largest investments KED has ever made and demonstrates the confidence we have in Infor's technology, team and business model," said Matt Flamini, KED's President.

"Infor's demonstrated capability to help companies across a wide spectrum of industries automate and improve efficiency is relevant to our broad portfolio of invested companies and we look forward to exploring co-innovation opportunities," said Brett Watson, Senior Managing Director of KED.

"We are extremely pleased with the progress the Infor team has made in scaling and executing into the massive opportunity in enterprise technology applications," said David Dominik, Managing Director of Golden Gate Capital, which made its first investment in Infor in 2002. "KED's investment is a tremendous endorsement and we look forward to working together with them and supporting management as they continue delivering industry-leading software applications to a growing list of world class customers."

"We remain a meaningful investor in Infor and will continue to support the company in the years ahead," said Rishi Chandna, Managing Director at Golden Gate Capital.

Transaction Overview
This transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in early 2017. The KED investment will be a combination of preferred and common equity.

Infor's existing shareholders, including Golden Gate Capital, Summit Partners, and Management will maintain control of the company. KED will have the right to appoint four of nine directors on the board of Infor's parent company.

Morgan Stanley and Bank of America Merrill Lynch are serving as Infor's lead financial advisors, and Gibson Dunn is serving as outside legal counsel. Credit Suisse also provided financial advice to the company. Kirkland & Ellis LLP is serving as outside legal advisor to Golden Gate and Summit Partners. Rothschild, Inc. is serving as exclusive financial advisor to KED, and Jones Day is serving as outside legal counsel.

About Infor
Infor builds business software for specific industries in the cloud. With 15,000 employees and over 90,000 customers in more than 170 countries, Infor software is designed for progress. To learn more about Infor, please visit www.infor.com.

About Koch Equity Development LLC
With offices in Wichita and London, KED focuses its efforts on strategic acquisitions for the Koch companies and industry agnostic principal investments. Significant principal investments completed over the last year include Solera Holdings Inc., The ADT Corporation, Transaction Network Services, and Truck-Lite.

Since 2003, Koch companies have invested about $80 billion in acquisitions and other capital expenditures. With a presence in more than 60 countries, Koch companies employ more than 100,000 people worldwide, with about 60,000 of those in the United States. From January 2009 to present, Koch companies have earned more than 1,000 awards for safety, environmental excellence, community stewardship, innovation, and customer service.

To learn more about Koch Equity Development LLC or Koch Industries, please visit www.kochequity.com or www.kochind.com.

About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with over $15 billion of capital under management. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Golden Gate Capital is one of the most active software investors in the world. Other notable software investments sponsored by Golden Gate Capital include BMC Software, Ex Libris, Micro Focus and LiveVox. For more information, visit www.goldengatecap.com.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that is currently investing more than $7.2 billion into equity and fixed income opportunities. Summit has invested in more than 440 companies in technology, healthcare and other growth sectors. These companies have completed more than 140 public offerings, and more than 165 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Calypso Technology, Flow Traders, HelpSystems, Hyperion Solutions, McAfee, NetWitness, RightNow, SafeBoot, Unica, Uber and WebEx. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

Source: Infor

New Funding to Accelerate Expansion of Data and RFID Solutions Across the Global Retail Supply Chain

BOSTON, MASSACHUSETTS and NORCROSS, GEORGIA – FineLine Technologies, a leading provider of data and RFID solutions to retailers, consumer brands and manufacturers worldwide, today announced a majority recapitalization from global growth equity investor Summit Partners. The new funding will support FineLine’s efforts to further expand its leadership position in the data and RFID solutions market globally.

Founded in 1998 and headquartered in Norcross, Georgia, FineLine provides data and RFID solutions that automate complex retail supply chains. FineLine’s FastTrak – a cloud-based, end-to-end client-facing technology platform – streamlines retail logistics between suppliers and retailers, providing speed and accuracy on complex orders with a fully integrated ordering, production and tracking experience. FineLine’s solutions are used by more than 220 global retailers and consumer brands and 30,000 manufacturers worldwide.

“In retail environments, speed and accuracy matter – and we’ve built our business to ensure that we’re providing both to our customers every day,” said George Hoffman, CEO and Chairman of the Board of FineLine Technologies. “This funding will allow us to continue to execute on that mission and – with Summit’s support – continue to expand the solutions we offer to our retailers and suppliers around the world. We are excited by our new partnership with Summit.”

“FineLine’s data and RFID solutions are built to address the shifting needs of today’s retail supply chain,” said Jay Pauley, a Principal at Summit Partners who has joined the FineLine Board of Directors. “By automating and integrating production, logistics and data analytics, FineLine’s FastTrak platform streamlines the relationships between suppliers and retailers and helps retailers execute the just-in-time pricing strategies that are critical to compete in today’s market.”

“The FineLine team has done a tremendous job in building a technology-enabled business that provides best-in-class service, speed and accuracy to retailers and suppliers,” said John Carroll, Managing Director at Summit Partners who will also join the FineLine Board of Directors. “We are thrilled to support the company’s continued innovation and expansion.”

FineLine employs more than 360 employees in eight locations across the United States, Canada, the Netherlands, China, Hong Kong and India.

About FineLine Technologies
FineLine Technologies provides customizable branded, barcoded and RFID integrated labels, tags and badges for supply chain, omni-channel fulfillment, POS, access control and consumer engagement needs. FineLine produces billions of tickets annually, processing data quickly and securely, printing high-quality graphics and scannable barcodes, encoding UHF and HF RFID, with global delivery within six business days, and online tracking, order detail, and analytics to help our customers manage their business. Learn more at: www.finelinetech.com

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $7.2 billion into equity and fixed income opportunities. Summit has invested in more than 440 companies in technology, healthcare, life sciences and other growth sectors. These companies have completed more than 140 public offerings, and more than 165 have been acquired through strategic mergers and sales. Notable technology and technology-enabled business services companies financed by Summit Partners include FleetCor, Hiperos, HelpSystems, Infor, Mi9 Retail, Navis, Parts Town, PSC Info Group and RELEX Solutions. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners or LinkedIn.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

New Capital Infusion to Expand Platform Ecosystem, Sales and Digital Risk Applications

SAN FRANCISCO, CALIFORNIA – RiskIQ, the leader in digital risk management, today announced that it closed $30.5 million in Series C funding led by Georgian Partners. Existing investors Summit Partners, Battery Ventures, and MassMutual Ventures also participated in the round, further validating the company’s leadership position and market opportunity. This financing will enable the company to expand its ecosystem, global sales, and platform applications within the disruptive Digital Risk Management market.

Threats outside the firewall are vast and dynamic. RiskIQ provides organizations access to the widest range of security intelligence and applications necessary to understand exposures and take action – all without leaving the platform. Similar to Google, RiskIQ applies machine learning and data science to continuously improve platform intelligence and broaden functionality by leveraging big data, customer usage and attack activity. With RiskIQ, enterprises can efficiently defend their digital attack surface, pinpoint exposures across their business, and dynamically mitigate cyber threats across web, mobile, and social.

Since 2009, RiskIQ has enabled security staff to reduce the time needed to understand new threats, speed up investigations, and more effectively prevent and remediate incidents. The company helps protect some of the largest and most trusted names in financial services, technology, retail, government, healthcare, media and manufacturing around the world, including Facebook, DocuSign, UnderArmour, Lagardere, and Publishers Clearing House. RiskIQ was recently named a leader for Digital Risk Monitoring and received the highest score for the current offering category in The Forrester Wave™: Digital Risk Monitoring, Q3 2016. In the first half of 2016, the company reported year-over-year bookings growth of 80 percent, growing bookings and new customer acquisition for every product in its platform. Through RiskIQ’s revamped channel program, the company has successfully penetrated European and Asian markets. Today, RiskIQ has more than 200 enterprise customers, over 13,000 security analysts using the RiskIQ platform, and hundreds of users subscribing to the RiskIQ PassiveTotal digital threat investigation tool each week.

“We are pleased to have Georgian Partners as part of our strong investment and advisory team. Georgian, like RiskIQ, was founded by entrepreneurs. We share similar business values and philosophies,” said Lou Manousos, CEO and co-founder of RiskIQ. “They know what it takes to develop a business into a customer-focused, long-lasting, and profitable company – values that our entire board of directors shares.”

“RiskIQ has already designed the platform to dominate the Digital Risk Management market, and we are excited to contribute to their success,” said Steve Leightell of Georgian Partners, who will join the Board as part of the transaction. “Our team of experts in applied analytics, applied artificial intelligence and security first could not be better suited to partner with RiskIQ on their next phase of growth,” said Justin LaFayette, managing director at Georgian Partners.

Greg Goldfarb, managing director at Summit Partners, added: “The future of security is connecting the inside and the outside of the enterprise boundary. Threats start outside the firewall, move inside, and exfiltrate data back outside – and all the while malicious actors can compromise a company’s digital assets, vendors, and customers across web, mobile, and social environments. RiskIQ lights up the entire digital world outside of the controlled perimeter and connects that activity to a company’s internal security regime for 360-degree security.”

Michael Brown, general partner at Battery Ventures, added: “You only need to read the headlines to see that cyberattacks are taking their toll on organizations who fail to extend security controls beyond the firewall. While the majority of data breaches are from external sources, addressing the problem with traditional security tools is inefficient. RiskIQ has built the right commercial platform to manage a broad range of digital threats in an agile way that can address future attack vectors. We believe the company is well-positioned to capitalize on this tremendous market opportunity.”

About RiskIQ
RiskIQ is a cybersecurity company that helps organizations discover and protect their external-facing known, unknown, and third-party web, mobile, and social assets. The company’s External Threat Management platform combines a worldwide proxy and sensor network with synthetic clients that emulate users to monitor, detect, and take actions against threats. RiskIQ is used by thousands of security analysts including many from the Fortune 500 and leading financial institutions to protect their digital assets, users, and customers from external security threats. The company is headquartered in San Francisco, California, and backed by Summit Partners, Battery Ventures, Georgian Partners and MassMutual Ventures. Information security professionals can sign up for a fully functioning trial version of PassiveTotal for free by visiting www.riskiq.com/whats-new-passivetotal.

Source: Risk IQ

Accretive Acquisition Adds Fast-Growing Towable RV Brand to Winnebago's Leading Motorized Platform

FOREST CITY, IOWA – Winnebago Industries, Inc. (NYSE: WGO) today announced that it has entered into a definitive agreement to acquire Grand Design Recreational Vehicle Company ("Grand Design"), a manufacturer of towable recreation vehicles (RVs), for approximately $500 million in cash and newly issued Winnebago shares.

Founded in 2012 by Don Clark, Ron Fenech and Bill Fenech, a management team with over 80 years of combined leadership experience in the RV industry, Grand Design is a fast-growing manufacturer in the towables segment with rapidly expanding market share. The Company generated $428 million in revenue over the last twelve months ending August of 2016, representing a compound annual growth rate of over 80% since 2013, and a top tier EBITDA margin of 14%*. Grand Design is a portfolio company of global growth equity investor Summit Partners.

The acquisition is expected to be immediately accretive to Winnebago's growth profile, profit margins and earnings per share (EPS), excluding transaction costs and before giving effect to anticipated synergies. The transaction is expected to close by the end of Winnebago's first fiscal quarter of 2017, subject to regulatory approvals and other customary closing conditions.

"Grand Design has built a tremendous reputation and position in our industry by delivering quality products and high levels of customer satisfaction, and we are excited to welcome them to the Winnebago family," said Michael Happe, Winnebago's President and Chief Executive Officer. "Grand Design's differentiated and nimble approach to serving today's towable consumer, proven ability to deliver exciting new products and deep industry expertise complement our existing capabilities and Winnebago's iconic brand. The addition of Grand Design will accelerate our expansion in the towables business, creating a broader and more balanced portfolio well-positioned to capitalize on the opportunities across the RV market and to drive improved profitability and long-term value for stakeholders."

Mr. Happe continued, "I look forward to working closely with Don, along with the rest of the Grand Design team. With a shared focus on quality products, dealer relationships and customer service and satisfaction, together we will be even better positioned to serve dealers and customers well into the future."

Don Clark, Co-Founder and CEO of Grand Design, commented, "This is an exciting day for Grand Design and reflects the hard work and dedication of everyone involved in our rapid growth and success over the past several years -- the Grand Design team, our valued customers and our investors. We have incredible respect for Winnebago and are honored to join an iconic company that shares our dealer-centric, customer-focused culture. This shared foundation makes our two companies an ideal fit, and we look forward to maintaining our unique identity as an agile competitor as we leverage Winnebago's strong platform to broaden Grand Design's reach and deliver the best possible product and service to our dealers and our customers."

"We are proud to have partnered with Don and the entire Grand Design team and congratulate them on the exciting new partnership with Winnebago," said Jay Pauley, a Principal at Summit Partners.

Transaction Highlights
(Pro forma metrics represent unaudited financial information)

• The combined company will have approximately $1.4 billion in pro forma revenue along with a broader and more balanced portfolio well-positioned to deliver growth, improved profitability and value.
• The transaction is expected to be accretive to Winnebago's growth profile, profit margins and EPS, excluding transaction costs and before giving effect to anticipated synergies.
• Annual run-rate cost synergies are anticipated to be $7 million, phased in over three years, to be achieved through identified opportunities in purchasing and the elimination of redundant processes with additional upside potential from sharing of manufacturing best practices.
• The $500 million purchase price includes tax assets valued at over $75 million. After adjusting for the value of the tax assets, the purchase price implies a multiple of 7.1x Grand Design's last twelve months EBITDA of $60 million.
• Winnebago expects to fund the transaction through a combination of $395 million in cash and $105 million in newly issued Winnebago shares. J.P. Morgan has agreed to provide committed financing for the transaction. Upon closing, Winnebago expects to have a debt to EBITDA ratio of approximately 2.5x, inclusive of anticipated annual run rate synergies.
• The combined company is expected to generate significant cash flow that will facilitate rapid debt reduction. Winnebago expects to reduce its debt to EBITDA ratio to below 1.5x by the end of Fiscal 2018.
• Immediately following the transaction, Grand Design shareholders will own approximately 14.5% of Winnebago shares outstanding.
• Don Clark will continue to lead the Grand Design towables business post-closing as its President; he will also serve as a Vice President for Winnebago and be a member of the Executive Leadership Team.
• Grand Design will operate as a distinct business unit within Winnebago with headquarters remaining in Middlebury, Indiana, and its portfolio of brands will remain in place.
  
  

J.P. Morgan acted as financial advisor to Winnebago and Lindquist & Vennum LLP acted as legal counsel. Baird acted as financial advisor to Grand Design and Weil Gotshal & Manges LLP acted as legal counsel.

*Represents unaudited financial information

About Winnebago
Winnebago is a leading U.S. manufacturer of recreation vehicles, which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers and fifth wheel products. Winnebago has received the Quality Circle Award from the Recreation Vehicle Dealers Association every year since 1996. Winnebago has multiple facilities in Iowa, Indiana, Oregon and Minnesota. The Company's common stock is listed on the New York and Chicago Stock Exchanges and traded under the symbol WGO. Options for the Company's common stock are traded on the Chicago Board Options Exchange. For access to Winnebago's investor relations material or to add your name to an automatic email list for Company news releases, click here.

About Grand Design
Grand Design was founded in 2012 and is one of the fastest-growing RV companies in the industry. Since its founding, Grand Design has shipped 25,000 units and has sold over 21,000 units at retail. Grand Design manufactures the market leading Reflection fifth wheel and travel trailer, flagship Solitude extended stay fifth wheel, luxury Momentum toy hauler and lightweight Imagine travel trailer product lines.

About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently investing more than $7.2 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

Source: Visit Winnebago to view the complete press release

Systems Maintenance Services, a leading global provider of IT hardware support services, to be acquired by Partners Group

BAAR-ZUG, SWITZERLAND – Partners Group, the global private markets investment manager, has agreed to acquire global IT support services provider Systems Maintenance Services ("SMS") on behalf of its clients. SMS is being sold by funds affiliated with Thomas H. Lee Partners, L.P. ("THL") and Summit Partners ("Summit"). The terms of the transaction, which is subject to regulatory approval, have not been disclosed.

Founded in 1981, US-based SMS is headquartered in Charlotte, North Carolina, and provides IT infrastructure services to a client base of more than 3,000 businesses. SMS is the global market leader in third-party maintenance services, which it offers in conjunction with its full suite of IT system support services. SMS has over 900 engineers on its staff and serves clients through more than 100 service centers across North America, Europe and Asia-Pacific, covering equipment from all the major IT original equipment manufacturers. In 2015, SMS recorded revenues of approximately USD 245 million.

Following the acquisition, Partners Group will work with the SMS management team to continue the company's growth trajectory both organically and through select acquisitions. Particular emphasis will be placed on growing the company's global sales force and expanding its portfolio of services and global presence for its clients.

John Wozniak, President and CEO of SMS, says: "We look forward to working with Partners Group and building on the strong growth momentum experienced during our partnership with THL and Summit. Partners Group recognizes the opportunity for independent service providers within the massive and dynamic IT infrastructure market. This perspective, together with Partners Group's global footprint and investment philosophy, makes it an ideal partner for SMS as we continue to build toward our global vision."

Joel Schwartz, Managing Director and Head of Private Equity Americas at Partners Group, states: "We look forward to working alongside John Wozniak and the rest of the management team to act on the market opportunity in front of SMS. We have been tracking the company for several years and believe it is strategically positioned to be the global leader in 'last-mile touch services' to the IT hardware infrastructure sector. With this positioning, healthy industry tailwinds and a strong management team, SMS has all the ingredients necessary to outpace the growth rate of the overall IT support market."

Soren Oberg, Managing Director of THL, and John Carroll, Managing Director of Summit, add: "It has been our privilege to partner with Don Doctor, John Wozniak and the entire SMS team, and we are proud of the company's growth under our ownership. Over the course of our investment, SMS built a complete suite of IT system support services and established a strong foundation for long-term growth through investments in enhanced technology capabilities and a robust shared services infrastructure. Today, SMS is a clear leader in the global IT services market."

Goodwin Procter LLP and KPMG LLP are advising Partners Group, and Antares Holdings and Crescent Mezzanine have provided commitments for the debt financing. William Blair served as the exclusive financial advisor to SMS and Weil, Gotshal & Manges LLP served as the company's legal counsel.

About Partners Group
Partners Group is a global private markets investment management firm with over EUR 49 billion (USD 55 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 850 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.www.partnersgroup.com

About Thomas H. Lee Partners
Thomas H. Lee Partners, L.P. is one of the world’s oldest and most experienced private equity firms. The firm invests in growth-oriented businesses, headquartered principally in North America, across three broad sectors: Consumer & Healthcare, Media & Information Services, and Business & Financial Services. Since its founding in 1974, THL has raised over $20 billion of equity capital and invested in more than 130 businesses with an aggregate purchase price of more than $150 billion. THL strives to build great companies of lasting value and generate superior investment returns.www.thl.com

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $7.2 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in healthcare, life sciences, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Clearwater Analytics, FleetCor Technologies, HelpSystems, Hyperion Solutions, Infor, and JAMF Software. Summit maintains offices in North America and Europe, and invests in companies around the world.www.summitpartners.com

About Systems Maintenance Services
Founded in 1981, Systems Maintenance Services (SMS) is a leading global provider of managed IT asset lifecycle support services, including support for most data center brands including Cisco, IBM, HP, Dell, Oracle, EMC, Hitachi, NetApp, Lexmark and Xerox. The SMS service portfolio includes a wide range of cost-effective offerings such as hardware maintenance, asset management, product deployment, data center relocations/consolidations, data migrations, asset recycling/disposition, data erasure and media destruction. These services are provided worldwide via a network of SMS and affiliate-owned service centers located near most major cities in North America, Asia and Europe.www.sysmaint.com

Source: Systems Maintenance Services

AMSTERDAM, THE NETHERLANDS – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that it has signed an agreement to acquire Wellcentive, a leading US-based provider of population health management software solutions. Financial details of the transaction will not be disclosed.

In population health management, Philips already offers enterprise telehealth, home monitoring, personal emergency response systems (PERS) and personal health services that address multiple groups within a population from intensive ambulatory care for high-risk patients to prevention and personal health programs for the general population. Wellcentive complements Philips’ portfolio with cloud-based IT solutions to import, aggregate and analyze clinical, claims and financial data across hospital and health systems to help care providers deliver coordinated care that meets new healthcare quality requirements and reimbursement models.

Upon completion of the transaction, which is expected later today, Wellcentive and its employees will become part of the Population Health Management business group within Philips. Tom Zajac, CEO of Wellcentive and an experienced healthcare industry leader, will be appointed to lead this business group.

“With this strategic acquisition, we will strengthen our Population Health Management business and its leadership, as health systems gradually shift from volume to value-based care, and provide more preventative and chronic care services outside of the hospital,” said Jeroen Tas, Philips’ CEO Connected Care & Health Informatics. “Our sweet spot is at the point of care as we give consumers, patients, care teams and clinicians the tools, such as remote monitoring solutions and therapy devices, to optimize care. Wellcentive’s solutions will provide our customers with the ability to collect data from large populations, detect patterns, assess risks and then deploy care programs tailored to the needs of specific groups.”

“Over the past 11 years, the Wellcentive team has focused on delivering data-driven clinical, financial, and human outcomes for our customers as they provide care management for more than 30 million patients,” said Tom Zajac, CEO of Wellcentive. “Combining forces with Philips and its broad portfolio of health technologies and global reach will create a great foundation to accelerate growth in connected care – from healthy living and prevention, to diagnosis, treatment and home care – enabling consumers, providers and health organizations to benefit from our combined, stronger offering in population health management.”

Wellcentive’s applications will be integrated in the Philips HealthSuite cloud, the company’s digital enabler for the next generation of connected health solutions. One example of Philips’ existing care programs for population health management is the Intensive Ambulatory Care (eIAC) program: this combines telehealth technologies and population health management software to help care teams monitor and coach patients at home. It aims to improve patient outcomes, care team efficiency, and prevent patients from entering the hospital, where costs are significantly higher.

Founded in 2005 and headquartered in Atlanta, Georgia, Wellcentive employs approximately 115 employees. The company has a strong customer base in the US.

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Headquartered in the Netherlands, Philips’ health technology portfolio generated 2015 sales of EUR 16.8 billion and employs approximately 69,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Source: Wellcentive

Two Security Pioneers Unite to Strengthen their Global Leadership in Internet Security

REDWOOD CITY, CALIFORNIA and AMSTERDAM, THE NETHERLANDS – Avast Software, an industry-leading maker of the most trusted security software in the world, and AVG Technologies N.V., (NYSE: AVG), a developer of business, mobile and PC device security software applications, today announced that they have entered into a purchase agreement in which Avast will offer to purchase all of the outstanding ordinary shares of AVG for $25.00 per share in cash, for a total consideration of approximately $1.3B. Both companies are industry pioneers founded in the Czech Republic in the late 1980s and early 1990s, that expanded internationally in the 2000s, and now will be combining complementary strengths to position Avast for continued growth in the security industry.

Avast is pursuing this acquisition to gain scale, technological depth and geographical breadth so that the new organization can be in a position to take advantage of emerging growth opportunities in Internet Security as well as organizational efficiencies. The technological depth and geographical reach will help Avast serve customers with more advanced security offerings in the core business and new innovations in emerging markets, such as security for IoT devices.

Combining Avast’s and AVG’s users, the organization will have a network of more than 400 million endpoints, of which 160 million are mobile, that act as de facto sensors, providing information about malware to help detect and neutralize new threats as soon as they appear. This increase in scale will enable Avast to create more technically advanced personal security and privacy products.

This transaction has been unanimously approved by the Management Board and Supervisory Board of Avast. The Management Board and Supervisory Board of AVG approved and support the transaction and recommend the offer for acceptance to the AVG shareholders.

"We are in a rapidly changing industry, and this acquisition gives us the breadth and technological depth to be the security provider of choice for our current and future customers," said Vince Steckler, chief executive officer of Avast Software. "Combining the strengths of two great tech companies, both founded in the Czech Republic and with a common culture and mission, will put us in a great position to take advantage of the new opportunities ahead, such as security for the enormous growth in IoT."

"We believe that joining forces with Avast, a private company with significant resources, fully supports our growth objectives and represents the best interests of our stockholders," said Gary Kovacs, chief executive officer, AVG. "Our new scale will allow us to accelerate investments in growing markets and continue to focus on providing comprehensive and simple-to-use solutions for consumers and businesses, alike. As the definition of online security continues to shift from being device-centric, to being concerned with devices, data and people, we believe the combined company, with the strengthened value proposition, will emerge as a leader in this growing market."

The Transaction
The transaction is structured as an all-cash tender offer for all outstanding ordinary shares of AVG at a price of $25.00 per share in cash. Avast plans to finance the transaction using cash balances on hand and committed debt financing from third party lenders. Avast has received a financing commitment of $1.685 billion from Credit Suisse Securities, Jefferies and UBS Investment Bank. In addition, Avast has contributed $150 million in equity investment to fund the transaction. The proposed transaction is not subject to a financing condition.

The offer price represents a 33% premium over the July 6, 2016 closing price and a premium of 32% over the average volume weighted price per share over the past six months. The contemplated tender offer will be subject to certain shareholder approvals, the receipt of regulatory clearances, the tender of at least 95% of the outstanding ordinary shares of AVG or, if AVG shareholders approve the asset sale contemplated in the purchase agreement, the tender of at least 80% of the outstanding ordinary shares of AVG, and other customary closing conditions. Additionally, certain shareholders including funds affiliated with TA Associates, who hold approximately 13% of the issued and outstanding shares of AVG, respectively, have committed to support the transaction and tender their shares in the offer.

If at least 95% of the outstanding ordinary shares of AVG are acquired in the contemplated tender offer, Avast expects to acquire the ordinary shares of AVG that were not tendered into the tender offer through the compulsory share acquisition process under Section 2:92a/2:201a of the Dutch Civil Code. If AVG’s shareholders appove the asset sale contemplated in the purchase agreement at the extraordinary general meeting of shareholders to be convened shortly by AVG and the tender offer is successfully completed with Avast acquiring less than 95% but at least 80% of the outstanding ordinary shares of AVG, then Avast plans to effect an asset sale pursuant to which Avast will acquire substantially all of the assets, and assume substantially all of the liabilities, of AVG promptly following the tender offer. Following the completion of the asset sale, AVG will be liquidated and the remaining minority shareholders of AVG will receive cash distributions with respect to each ordinary share owned by them equal to the per share cash consideration paid in the tender offer less any applicable dividend withholding tax or any other taxes. The offer will be described in more detail in a tender offer statement on Schedule TO to be filed by Avast and a solicitation/recommendation statement on Schedule 14D-9 to be filed by AVG. The transaction is expected to close sometime between September 15, and October 15, 2016, depending on the timing of regulatory review.

Advisors
Jefferies International Limited is acting as exclusive financial advisor, and White & Case LLP and De Brauw Blackstone Westbroek N.V. are acting as legal advisors, to Avast. Morgan Stanley & Co. LLC is acting as financial advisor to AVG and Bridge Street Securities, LLC is acting as independent financial advisor to the supervisory board of AVG. Orrick, Herrington & Sutcliffe LLP and Allen & Overy LLP are acting as legal advisors to AVG.

About Avast
Avast Software (www.avast.com), maker of the most trusted mobile and PC security in the world, protects 230 million people and businesses with its security applications. In business for over 25 years, Avast is one of the early innovators in the security business, with a portfolio that includes security and privacy products for PC, Mac, Android and iOS, and premium suites and services for business. In addition to being top-ranked by consumers on popular download portals worldwide, Avast is certified by, among others, VB100, AV-Comparatives, AV-Test, OPSWAT, ICSA Labs, and West Coast Labs. Avast is backed by leading global private equity firms CVC Capital Partners and Summit Partners.

About AVG (NYSE: AVG)
AVG is a leading provider of software services to secure devices, data and people. AVG’s award-winning consumer portfolio includes internet security, performance optimization, location services, data controls and insights, and privacy and identity protection, for mobile devices and desktops. The award-winning AVG Business portfolio, delivered through a global partner network, provides cloud security and remote monitoring and management (RMM) solutions that protect small and medium businesses around the world. For more information visit www.avg.com.

Forward-Looking Statements
This communication contains forward-looking information that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of the federal securities laws, and involve a number of risks and uncertainties. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "are confident that," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target," "would" or the negative of these terms or other comparable terms. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These factors include risks and uncertainties related to, among other things: general economic conditions and conditions affecting the industries in which Avast and AVG operate; the uncertainty of regulatory approvals; the parties' ability to satisfy the conditions to the contemplated tender offer and consummate the transactions described in this communication; and AVG's performance and maintenance of important business relationships. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in AVG's SEC filings, including AVG's Annual Report on Form 20-F for the year ended December 31, 2015. These forward-looking statements speak only as of the date of this release and neither Avast nor AVG assumes any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise, except as required by law.

Additional Information and Where to Find It
The tender offer referenced in this communication has not yet commenced. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any ordinary shares of AVG or any other securities, nor is it a substitute for the tender offer materials that Avast will file with the SEC. The solicitation and offer to purchase ordinary shares of AVG will only be made pursuant to an Offer to Purchase, a related letter of transmittal and certain other tender offer documents. At the time the tender offer is commenced, Avast will file a tender offer statement on Schedule TO, including an Offer to Purchase, a related letter of transmittal and certain other tender offer documents, and AVG will file a Solicitation/Recommendation Statement on Schedule 14D-9, with the SEC, each with respect to the tender offer. The tender offer statement (including the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents) and the solicitation/ recommendation statement will contain important information. AVG’s shareholders are urged to read the tender offer statement and Solicitation/Recommendation Statement, as they may be amended from time to time, as well as any other relevant documents filed with the SEC, when they become available, carefully and in their entirety because they will contain important information that holders of AVG’s securities should consider before making any decision regarding tendering their securities. The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, will be made available to all holders of ordinary shares of AVG at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC’s website at www.sec.gov. Copies of the documents filed with the SEC by AVG will be available free of charge on AVG’s website at investors.avg.com. In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, AVG files annual, quarterly and current reports and other information with the SEC. You may read and copy any reports or other information filed by AVG at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. AVG’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at www.sec.gov.

Source: Avast Software

SAN FRANCISCO, CA, and CAMBRIDGE, UK – Darktrace, a provider of enterprise cyber threat defense software, announced today that it has raised new growth equity financing, led by KKR, a leading global investment firm, with participation from existing investor Summit Partners, and new investors TenEleven Ventures and SoftBank-affiliated SB ISAT Fund. Invoke Capital first identified Darktrace’s differentiated approach to cybersecurity threats and funded Darktrace in 2013, providing operational expertise since. Darktrace will use the funds to further accelerate the global roll-out of its award-winning Enterprise Immune System technology.

As cyber threats increase and attackers become more sophisticated it is clear that a new approach is needed. Using advanced mathematics and machine learning techniques based on the biological principles of the human immune system, Darktrace addresses the challenge of detecting and responding to cyber threats that evade existing solutions. Named ‘Best Security Company of the Year’ 2016, Darktrace is capable of identifying new, emerging threats within computer networks in real time including insider attacks, ransomware, machine-based attacks, and unknown threat scenarios.

Founded in 2013, Darktrace has grown rapidly to 300 employees and has achieved over 600% revenue growth in its latest financial year. With over 1,000 customer deployments, Darktrace’s Enterprise Immune System has been selected by some of the largest and most sensitive cyber security environments, including global financial institutions, telecommunications networks, legal firms, retailers, technology companies, government organizations, and critical national infrastructure facilities. Darktrace’s innovative technology has led the company to be named a Technology Pioneer by the World Economic Forum and a Winner of the Queen’s Award for Enterprise in Innovation.

Nicole Eagan, CEO of Darktrace, commented: “Securing the backing of another leading global investor like KKR is an important milestone for Darktrace and a strong validation of the technology we have developed. We chose to partner with KKR because of their unique global network to support our international expansion and rich history of enterprise building in the technology sector. In addition to KKR, we are excited to work with our new investors TenEleven Ventures and SoftBank who will contribute significant strategic value and knowledge to our team. We are also pleased to have the continued support of Summit Partners, who have been of tremendous help to us since their initial investment. With such a group of world-class investors we have an incredibly strong base to realize our full potential.”

Stephen Shanley, Principal on KKR’s Technology Growth Equity team, added: “We are highly impressed by the Darktrace team and the uniqueness of the product they have built. Advancements in cyber security is one of KKR’s core investment themes and Darktrace has established a strong leadership position in the space due to the differentiation of its product – which can detect threats that other cyber solutions fail to identify. We look forward to supporting Darktrace and think that, together with the other investors, we can help management drive significant value for Darktrace over the coming years.”

Han Sikkens, Managing Director at Summit Partners added: “Darktrace has shown outstanding technology innovation and sales momentum since we partnered with them. Its Enterprise Immune System technology has been adopted by some of the most respected and cyber-conscious companies the world over and we believe it serves as a crucial element of these organizations’ cyber security operations. We are delighted to continue to be a part of Darktrace’s ongoing success.”

About Darktrace
Winner of the Queen’s Award for Enterprise in Innovation 2016, Darktrace is one of the world’s leading cyber threat defense companies. Its Enterprise Immune System technology detects and responds to previously unidentified threats, powered by machine learning and mathematics developed by specialists from the University of Cambridge. Without using rules or signatures, Darktrace is uniquely capable of understanding the ‘pattern of life’ of every device, user and network within an organization, and defends against evolving threats that bypass all other systems. Some of the world’s largest corporations rely on Darktrace’s self-learning technology in sectors including energy and utilities, financial services, telecommunications, healthcare, manufacturing, retail and transportation. Darktrace is headquartered in Cambridge, UK and San Francisco, with global offices including New York, Auckland, London, Milan, Mumbai, Paris, Singapore, Sydney, Tokyo, Toronto and Washington D.C.

About KKR
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $7.2 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Arista Networks, Flow Traders, Infor, McAfee, NetWitness, Postini, RiskIQ, SafeBoot and WebEx. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About Invoke Capital
Invoke Capital identifies world-leading technologies emerging across Europe through the private sector and university channels. Founded by successful entrepreneurs, Invoke helps productise and bring fundamental technologies to the market. Dedicated to accelerating the growth of early-stage companies, it is the only investment team in Europe with a dedicated, in-house R&D division, based in Cambridge, UK. The Invoke team has grown multiple technology businesses and has an interest in developing technologies in areas including genomics, security, pattern recognition, signal processing and big data.

Source: Darktrace

MINNEAPOLIS, MINNESOTA – Bio-Techne Corporation (NASDAQ: TECH) announced today that it has agreed to acquire Advanced Cell Diagnostics (ACD) for $250 million in cash plus contingent consideration of $75 million due upon the achievement of certain milestones. The transaction is expected to close on or about August 1, 2016, with closing subject to the satisfaction of customary closing conditions. The transaction will be financed through a combination of cash on hand and a revolving line of credit facility that Bio-Techne expects to obtain prior to the closing of the acquisition.

Charles R. Kummeth, President and Chief Executive Officer of Bio-Techne, commented, “We are very pleased to have ACD as part of Bio-Techne Corporation. First of all, ACD marks Bio-Techne’s entry into the genomics field and market. Second, and more importantly, its innovative and versatile technology has the potential to change pathology practices. RNA-ISH is a transformative technology facilitating and improving the monitoring of gene expression patterns at the single cell level––while retaining the morphological context of the tissue being analyzed. ACD’s technology serves both research and diagnostic markets, expanding Bio-Techne’s presence in the clinical lab setting. With broader adoption of the technology in the diagnostic arena, it has the potential to revolutionize the choice of reagents in diagnostic practices, such as oncology, infectious diseases and others. As we continue to expand the portfolio of products and technologies we bring to our customers, we view the leading-edge ACD products as a natural and complementary extension of the Bio-Techne product offering, with the ultimate goal to more completely address our customers’ varied needs in the research and clinical space."

ACD Chief Executive Officer Dr. Yuling Luo added, “Strategically, the fit between the two companies is excellent. Both companies share the passion to empower cutting-edge science with innovative quality reagents. Both ACD and Bio-Techne are dedicated to improving life science research and health care by providing customers with the best possible tools and reagents. The combined business represents a one-stop-shop for our customers and positions us well to compete and expand in the global market.”

ACD develops and commercializes proprietary consumables for genomic analysis, reinventing the widely used in-situ hybridization technique. More specifically, ACD’s highly sensitive RNA in-situ hybridization technology, commercialized under the RNAscope brand name, makes it possible to visualize expression of virtually any gene in individual cells while retaining valuable tissue morphology information. This molecular detection of biomarkers and other key genetic information, at the single cell level, is far more informative than the bulk cell population analysis provided by traditional gene amplification approaches. Importantly, ACD reagents also have numerous potential applications in the diagnostic and companion diagnostic arena, simplifying traditional immunohistochemistry-based pathology practices currently reliant on difficult-to-develop and often poorly validated antibodies. ACD’s proprietary technology could provide pathologists with more robust reagents capable of specifically detecting transcripts of expressed genes, noncoding RNAs, as well as more subtle genetic details such as gene splice variants, gene fusions, copy number variations and single nucleotide polymorphisms. At the core of the ACD technology is the greatly enhanced detection sensitivity of RNA-ISH (RNA in-situ hybridization). RNAscope is a patent protected target hybridization and signal amplification technology enabling the detection of single RNA molecules in single cells.

Founded in 2006 by noted scientists and entrepreneurs Dr. Yuling Luo and Dr. Steve Chen, ACD presently has over 100 employees. Its product line of over 9,000 probe reagents and reagent kits for manual and automated use is sold worldwide, and achieved annual revenues of approximately $25 million for the last twelve months with an annualized growth rate of approximately 50%. The acquisition is expected to be slightly dilutive to Bio-Techne’s adjusted earnings per share for its fiscal year 2017, and accretive thereafter. ACD’s business model attracted funding from premier investment firms such as Morningside Venture, New Leaf Venture Partners, Summit Partners and Kenson Ventures. ACD’s technology has been used in thousands of leading academic and industrial labs, and featured in over 500 peer reviewed publications to date. ACD is headquartered in Newark, California, with field offices in Italy, China and Japan.

Fredrikson & Byron, P.A. is serving as Bio-Techne's legal counsel. Jefferies LLC acted as exclusive financial advisor to ACD. Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP is serving as legal counsel to ACD.

Forward-Looking Statements
Our press releases may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Such statements involve risks and uncertainties that may affect the actual results of operations. Forward-looking statements in this press release include statements regarding our belief about the market applications and impact of our potential acquisition of Advanced Cell Diagnostics, Inc. and our ability to derive advantages from this acquisition as we integrate it into our business. The following important factors, among others, have affected and, in the future could affect, the our actual results: the effect of new branding and marketing initiatives, the integration of new leadership, the introduction and acceptance of new products, the levels and particular directions of research and product development by our customers, the impact of the growing number of producers of biotechnology research and diagnostics products and related price competition, general economic conditions, the impact of currency exchange rate fluctuations, and the costs and results of our research and product development efforts and those of companies in which we have invested or with which we have formed strategic relationships.

For additional information concerning such factors, see the section titled "Risk Factors" in the Company's annual report on Form 10-K and quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission. We undertake no obligation to update or revise any forwardlooking statements we make in our press releases due to new information or future events. Investors are cautioned not to place undue emphasis on these statements.

About Bio-Techne Corporation
Bio-Techne Corporation (NASDAQ: TECH) is a leading developer and manufacturer of high quality purified proteins––notably cytokines and growth factors, antibodies, immunoassays, as well as biologically active small molecule compounds --- which are sold to biomedical researchers and clinical research laboratories; these operations constitute the core Biotech Division, headquartered in Minneapolis, Minnesota. The Protein Platform Division manufactures innovative protein analysis tools under the ProteinSimple brand name that greatly automate western blotting and immunoassay practices. The Clinical Controls Division manufactures FDA-regulated controls, calibrators, blood gas and clinical chemistry controls for OEM customer and clinical customers. Bio-Techne products assist scientific investigations into biological processes and the nature and progress of specific diseases. They aid in drug discovery efforts and provide the means for accurate clinical tests and diagnoses. With thousands of products in its portfolio, Bio-Techne generated approximately $452 million in net sales in fiscal 2015 and has approximately 1,500 employees worldwide. For more information on Bio-Techne and its brands, please visit www.bio-techne.com.

Source: Advanced Cell Diagnostics

BOSTON, MASSACHUSETTS and ADDISON, ILLINOIS — Parts Town, a leading parts distributor in the foodservice equipment market, announced today that Boston-based investment firm Berkshire Partners LLC led a majority recapitalization of the company. Summit Partners, an existing shareholder, will remain a significant investor in the company. Terms of the transaction were not disclosed.

“Parts Town possesses a customer-centric and innovative culture, which has driven remarkable growth,” said Kevin Callaghan, a Managing Director at Berkshire Partners. “We look forward to working with its team and Summit Partners to support the company’s next chapter.”

Founded in 1987 in Addison, Illinois, Parts Town is the fastest-growing distributor of genuine OEM repair and maintenance parts for the foodservice industry and provides locally-focused field service and technical support. With an extraordinary commitment to customer service and innovation and an industry-leading e-commerce platform, Parts Town provides unique, customized solutions to food equipment manufacturers, food equipment service companies, and restaurants. The company has been named to the Inc. 5000 list of fastest-growing U.S. companies for seven consecutive years. Recently, Parts Town announced the acquisition of Whaley Foodservice Repairs, Inc., a large parts distribution and service business, expanding the company’s footprint and further enhancing its customer service capabilities.

“As the company’s first institutional investor, we have worked closely with Steve Snower and his team since 2013 to help drive transformational growth in the business,” said Jay Pauley, a Principal at Summit Partners who will remain on the Parts Town Board of Directors. “We are proud to have partnered with Parts Town and are thrilled to continue our support of this great team.”

“We welcome this new collaboration with Berkshire Partners and look forward to continuing our work with Summit Partners as we invest to further differentiate our business in support of our manufacturer and customer partners,” said Parts Town CEO Steve Snower. “Parts Town is committed to growing our business by striving for excellence, encouraging extraordinary innovation and acting with complete integrity. We are delighted to have investors who share our values and vision for success.”

Weil Gotshal & Manges LLP provided legal counsel to Parts Town, Kirkland & Ellis LLP provided legal counsel to Summit Partners and Ropes & Gray LLP provided legal counsel to Berkshire Partners. Metronome Partners acted as the financial advisor to Parts Town and Ernst & Young LLP provided accounting and tax services.

About Parts Town
Parts Town is a leading distributor of genuine OEM restaurant equipment parts for the foodservice industry. Focused on delivering a unique customer service experience and website, Parts Town customizes solutions for both chain restaurants and food equipment service companies. Founded in 1987, Parts Town partners closely with the leading manufacturers of commercial cooking, refrigeration, ice, and beverage equipment to improve their parts supply chain, delight their customers, and grow genuine parts sales. For more information visit www.partstown.com or follow on Twitter at @PartsTown.

About Berkshire Partners
Berkshire Partners, a Boston-based investment firm, has raised nine private equity funds with more than $16 billion in aggregate capital and has made over 115 investments in primarily middle-market companies since its founding in 1986. Berkshire has developed specific industry experience in several areas including consumer products and retail, business services, industrials, communications and transportation. Berkshire has a strong history of partnering with management teams to grow the companies in which it invests with the goal of consistently achieving superior investment returns. The firm is currently investing from Berkshire Fund VIII, a $4.5 billion fund raised in 2011. In March 2016, Berkshire completed fundraising for Fund IX, which has $5.5 billion in commitments. The firm seeks to invest $50 million to $500 million of capital in each portfolio company. For additional information, visit www.berkshirepartners.com.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that is currently investing more than $7.2 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Notable technology-enabled business services companies financed by Summit Partners include Access Information Management, Central Security Group, Systems Maintenance Services and Vivint. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

MAYNARD, MASSACHUSETTS – Acacia Communications, a leading provider of high-speed coherent optical interconnect products, today announced the pricing of an underwritten registered public offering of 4,500,000 shares of its common stock at a price of $23.00 per share before underwriting discounts and commissions. The underwriters have also been granted a 30-day option to purchase up to an additional 675,000 shares of common stock at the initial public offering price, of which up to 70,184 shares would be purchased from Acacia Communications and up to 604,816 shares would be purchased from certain selling stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market on May 13, 2016 under the ticker symbol "ACIA."Acacia Communications intends to use proceeds from the offering for working capital and general corporate purposes. Acacia Communications will not receive any of the proceeds from any sale of shares by the selling stockholders.

Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank Securities Inc. are acting as joint bookrunners for the offering, and Needham & Company LLC, Cowen and Company, LLC and Northland Securities, Inc. are acting as co-managers.

The offering of these securities will be made only by means of a written prospectus. A copy of the prospectus related to the offering may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, or email: prospectus-ny@ny.email.gs.com; BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or by email at dg.prospectus_requests@baml.com; and Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005, Attn: Prospectus Group, by telephone at (800) 503-4611, or by email at prospectus.cpdg@db.com.

A registration statement relating to these securities was filed with, and declared effective by, the Securities and Exchange Commission. The registration statement can be accessed through the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Acacia Communications
Acacia Communications develops, manufactures and sells high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity and cost. By converting optical interconnect technology to a silicon-based technology, a process Acacia refers to as the "siliconization of optical interconnect," Acacia is able to offer products that meet the needs of cloud and service provider customers in a simple, open, high-performance form factor that can be easily integrated in a cost-effective manner with existing network equipment. www.acacia-inc.com.

Source: Acacia Communications

MENLO PARK, CALIFORNIA – Summit Partners, a global growth equity investor, today announced the addition of Brian Provost to the firm’s Executive-in-Residence (“EIR”) program. In this role, Mr. Provost will work closely with Summit’s Technology team to identify new investment opportunities in the software sector.

Mr. Provost joins Summit’s EIR program from Convey Compliance, a tax compliance Software-as-a-Service (SaaS) company. Mr. Provost joined Convey as President and CEO in 2008 and led the company through a rapid growth stage that resulted in an acquisition by Vista Equity in 2014. During his time with the company, Mr. Provost’s dedication to talent acquisition, customer service and growth strategy execution were key drivers in establishing Convey as the leading SaaS-based tax information reporting provider.

Prior to Convey, Mr. Provost served as Chief Operating Officer of Gelco Expense Management, a SaaS-based provider of travel expense management solutions, where he rapidly scaled the business over a five year period ending with its acquisition by Concur Technologies in 2007. Prior to Gelco, he served in leadership roles at several prominent companies including Wizmo, Inc., Norstan Communications (acquired by BlackBox), and ColorSpan (acquired by Hewlett Packard).

In addition to his executive leadership experience, Mr. Provost is affiliated with several industry boards. Since late 2014, Mr. Provost has served as Chairman of the Board to DELAGET Corporation, a provider of loss prevention and analytics software for restaurant owners. He also serves on the board of directors for Avionte Staffing Software and Apex Information Technology. As a dedicated philanthropist, Mr. Provost also serves as Chairman of the Board to the Banyan Community, a Minneapolis-based organization dedicated to transforming lives by developing youth, strengthening families, and creating community.

“Brian brings with him over 20 years of executive leadership experience and a strong record of scaling businesses,” said Peter Rottier, Managing Director at Summit Partners. “His distinct understanding of growth stage software businesses will be a great asset to our EIR program. We are thrilled to have the opportunity to work closely with him.”

“I have been aware of Summit and their reputation for partnering with growing software and SaaS companies throughout my career,” said Provost. “I’m thrilled to work alongside Summit’s technology team and further their mission of partnering with the best growth companies worldwide.”

Summit has been active in software and SaaS for more than three decades. Since the firm’s founding in 1984, Summit has partnered with more than 125 software companies in growth-oriented sectors including cloud and SaaS, big data and analytics, infrastructure, mobile, enterprise and security.

Summit’s EIR program is an established and successful element of the firm’s growth-oriented investing strategy. Since its inception in 1999, the program has connected senior industry executives who work alongside Summit’s sector teams to identify investment opportunities, conduct due diligence, and create and support value creation plans for the companies with which Summit has partnered.

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $7.2 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in healthcare, life sciences, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Notable software companies financed by Summit Partners include Avast, Clearwater Analytics, HelpSystems, Hyperion Solutions, Infor, McAfee, Postini, RiskIQ, Telerik, Uber and WebEx. Summit maintains offices in North America and Europe, and invests in companies around the world. In addition to the EIR program, Summit’s team offers strategic and tactical support at an operational level through its Peak Performance Group, expertise in structuring and financing transactions through its Capital Markets Team, and dedicated recruiting resources through its Talent and Recruiting Team. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

LONDON, UNITED KINGDOM and MENLO PARK, CALIFORNIA – Calypso Technology, Inc. (‘Calypso’), a leading provider of capital markets software, announced today that it is to be acquired by European private equity fund Bridgepoint and global growth equity investor Summit Partners. The acquisition will support Calypso’s next phase of growth and continued innovation leadership in capital markets technology.

Established in 1997, Calypso offers an integrated suite of trading and risk management solutions used by over 34,000 market professionals in more than 60 countries. Calypso’s cross-asset, front-to-back architecture was designed from the outset to enable systems consolidation, enterprise risk management and rapid access to new markets for its customers. Clients today range from global and local banks to asset managers, clearing houses, central banks, custodians, insurance companies and treasuries of large corporations. Calypso has over 700 employees and operates a network of 22 offices in 19 countries. Over 50% of the company’s employees are engaged in R&D across 5 global development centers.

Pascal Xatart, President of Calypso, said, “Today’s announcement sees the arrival of a new investor base with the financial strength and shared vision to support our growth ambitions. Capital markets require both resilient and innovative technology and Calypso’s solutions support our clients’ most critical operations. We are recognized as a market leader with a reputation for ease of use, innovation and customer satisfaction. Our goal now is to become the landmark financial software provider serving institutions with complex treasury and capital markets needs.”

Xavier Robert, partner responsible for Bridgepoint’s investments in the media & technology sector, said, “Constant pressure on financial institutions to improve risk management and return on capital, while at the same time managing margins and increased regulation, has created the need for integrated solutions able to reduce operating costs, improve capital allocation and comply with regulations. Calypso has been at the forefront of addressing this growing demand with a single, integrated platform that is acknowledged as both reliable and scalable across asset classes. We will partner with management as they build on the company’s success to date, consolidating its market leadership by continuing to better serve its clients and realizing its true growth potential.”

Scott Collins, managing director at Summit Partners, added, “We are pleased to partner with Calypso management and Bridgepoint to invest in this outstanding treasury and capital markets software business. At Summit, we have deep experience investing in financial technology, and we believe that the core strengths of Calypso’s unified technology architecture, the company’s focus on innovation and a strong commitment to client service will continue to drive growth in the years to come.”

The transaction is subject to standard competition authority clearances. Debt for the transaction was provided by Goldman Sachs, UniCredit, Crédit Agricole, Mizuho and Bank of Ireland.

Advisors involved included:

-- for Calypso: Wilson Sonsini Goodrich & Rosati
-- for Bridgepoint and Summit Partners: Credit Suisse, Latham & Watkins, Kirkland & Ellis, Bain & Company, EY

About Calypso
Calypso is the leading provider of front-to-back technology solutions for the financial markets. With 19 years of experience delivering cross-asset solutions for trading, processing, risk management and accounting, Calypso brings simplicity to the most complex business and technology issues. Constant pressures for better allocation of capital and improved risk management, matched by an ever changing regulatory landscape in the financial markets demand technology solutions that are reliable, adaptable and scalable. In response Calypso provides customers with a single platform designed from the outset to enable consolidation innovation and growth. Calypso is a Leader in the Gartner Magic Quadrant for Trading Platforms, and the #1 selling Treasury and Capital Markets Solution for the seventh year running in the 2016 IBS Sales League Table.

About Bridgepoint
Bridgepoint is a European private equity firm. With over €20 billion of capital raised to date, it typically focuses on acquiring well managed companies in attractive sectors with the potential to grow organically or through acquisition. It is currently investing a €4 billion fund in growth-oriented middle-market businesses in Europe.

Bridgepoint currently comprises two businesses: 1. Bridgepoint Europe which concentrates on middle market companies across Europe typically valued between €200 million and €1 billion. It has offices throughout Europe in Frankfurt, Istanbul, London, Luxembourg, Madrid, Paris, Stockholm and a portfolio development office in Shanghai, and 2. Bridgepoint Development Capital, a separate ‘lower mid-cap’ or smaller buyout and growth capital business which focuses on the acquisition of companies in the UK, France and the Nordic region, typically valued between €50 million and €150 million. www.bridgepoint.eu

In January 2015, Bridgepoint acquired eFront, the business software solutions provider which specializes in enterprise risk management and alternative investments, in a transaction totaling approximately €300 million.

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $7.2 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in technology, healthcare, life sciences and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Notable financial technology companies financed by Summit Partners include 360T, FleetCor, Flow Traders, Multifonds, Ogone and optionsXpress. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Boston, MA – Vestmark, the leading SaaS provider of comprehensive unified wealth management solutions for financial advisors and institutions, today announced that it closed a $30 million dollar investment from global growth equity investor Summit Partners. Vestmark will use the new funding to accelerate growth by increasing investment in sales, marketing, and software development. It will also provide the company with greater flexibility to explore strategic opportunities and international markets.

“Our goal is to enable top tier financial institutions to scale delivery of their advice across all channels and client relationships,” said John Lunny, CEO of Vestmark. “This funding not only allows Vestmark to continue our growth trajectory but also to explore additional avenues of growth. We will continue to set the standard for financial technology innovation as we advance our offering and address new markets.”

Founded in 2001, Vestmark provides an integrated cloud-based technology platform – including modules for advisor trading, proposal generation, and client reporting – that allows advisors, broker dealers and asset managers to more efficiently deliver advice to their clients. Vestmark‘s client base is comprised of top tier financial institutions, and the platform currently services 1.5 million accounts with an aggregate of $500 billion in assets. Vestmark has received numerous accolades and industry recognition from the Money Management Institute, the Bank Insurance and Securities Association (BISA), CEB TowerGroup and other reputable industry thought leaders.

Financial institutions are reevaluating their operating models as investors demand an improved user experience and industry regulations continue to evolve. Vestmark’s innovative wealth management technology automates critical operational processes and efficiently scales across large numbers of investor accounts, lowering the cost of service per account while driving an intuitive user experience.

“This is a critical milestone for Vestmark. Our subscription revenue model has enabled the company to achieve high renewal rates and a demonstrated record of profitability,” said Tiffany Freitas, CFO of Vestmark. “With Summit’s financial and strategic support, we are well-positioned to achieve the next phase of business growth and further penetrate our large addressable market.”

“The Vestmark team has done a remarkable job building the wealth management industry’s best-in-class solution,” said Christopher Dean, a Boston-based Managing Director at Summit Partners. “Summit has a history of backing market-leading innovators in many different industries. Our investment in Vestmark allows us to support an exceptionally innovative company, one that is truly helping to advance the delivery of critical financial advice.”

About Vestmark
Vestmark is the premier SaaS technology provider for comprehensive unified wealth solutions utilized by financial advisors and institutions. Vestmark provides VestmarkONE, the award-winning technology platform, to help clients gather more assets, increase operating efficiency, and minimize risk. The integrated technology solution provides proposal generation, portfolio construction and management, trade and rebalancing, compliance, performance measurement, sleeve level accounting, reconciliation, and client reporting. Since 2001, the platform has grown to service over 1.5 million accounts, representing over $500 billion in assets.

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Belkin, Clearwater Analytics, Flow Traders, Hyperion Solutions, Infor, McAfee, NetWitness, optionsXpress, SafeBoot, Uber and WebEx. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Healthcare Private Equity Association Elects New Leader

The Board of Directors of the Healthcare Private Equity Association (HCPEA) has elected Craig Frances M.D. as its next President. Dr. Frances will assume office on July 1, 2016, replacing current President Michael Dal Bello, Investment Partner at Pritzker Group Private Capital.

Dr. Frances is a Managing Director with global growth equity investor Summit Partners. He joined the firm in 2003 and has since led numerous investments in the healthcare and life sciences sector, working with management teams and physician-entrepreneurs to expand the reach and value of their businesses. Dr. Frances is currently a board director of Healthline Media, Independent Vetcare, Integrated DNA Technologies and Solutionreach.

Prior to Summit, Craig was founder and manager of three successful companies, and he previously served as Chief Medical Resident at the University of California, San Francisco. He holds a BA in psychology, with Honors, from Cornell University and an MD from Cornell University Medical College, where he was Valedictorian and received the Paul Sherlock Prize, a peer-voted award for exceptional integrity and compassion in patient care. Dr. Frances is the creator of the Saint-Frances Series, medical books that are used extensively in academic centers across the United States. Craig was named one of the 40 Smartest People in Healthcare for 2014 by Becker’s Hospital Review.

“Since its founding in 2010, HCPEA has grown and evolved to be the leading organization for private equity investors in healthcare. We have continued to increase value for our members by adding new events and providing proprietary content for their exclusive use,” said Dal Bello. “Craig is a talented and well-respected leader in our field and I know he will help it continue to progress to the next level."

Dal Bello added, “As both a physician and an investor, Craig brings a unique perspective to the Association. He has a deep understanding of the healthcare sector and a keen appreciation for the important work that HCPEA does to promote healthcare private equity investing.”

“After many years of involvement with HCPEA, I’m excited to assume this leadership role,” said Dr. Frances. “I believe that the healthcare private equity industry plays a vital role in helping companies fulfill their missions of improving the healthcare value equation – by improving quality, decreasing costs, or both. It is rare for healthcare companies to become leaders in their market segments without the assistance of a financial sponsor. As an association of leading healthcare investment firms, HCPEA helps to demonstrate our industry’s value-add and seeks to make our members more successful in their endeavors.”

About HCPEA
The Healthcare Private Equity Association (HCPEA) is a nonprofit trade association 501 (c) (6) whose mission is to support the reputation, knowledge and relationships of the healthcare private equity community. Its member firms are committed to building successful enduring healthcare businesses that “do well” while “doing good.”

HCPEA’s 50+ members are among the best known, most respected private equity firms, and they employ over 300 investment professionals throughout the United States and Canada. With $400+ billion under management, HCPEA members represent one of the largest portfolios of privately held healthcare-related businesses encompassing services, products, diagnostics, distribution, pharmaceuticals and IT, among other segments.

Source: Healthcare Private Equity Association

Partnership expands geographic reach and creates industry leader in the market for OEM foodservice parts

MENLO PARK, CALIFORNIA and ADDISON, ILLINOIS — PT Holdings, LLC (“Parts Town”) today announced its acquisition of Whaley Foodservice Repairs, Inc. (“Whaley”). Parts Town is a portfolio company of global growth equity investor, Summit Partners. Founded in 1987 and based in Addison, Illinois, the company focuses on the marketing and distribution of genuine OEM parts to customers in the foodservice industry, and provides field service in support of its manufacturer partners.

Founded in 1944 and headquartered in Lexington, South Carolina, Whaley Foodservice operates one of the industry’s most extensive national parts distribution capabilities. Whaley also partners with the industry’s leading manufacturers to provide field service in selected local markets. As part of the transaction, Whaley founder, Wells Whaley, will join the Parts Town Board of Directors and will serve as an executive advisor to the company’s leadership.

“Our partnership with Whaley will enhance our ability to bring unique value to our manufacturer and customer partners,” commented Steve Snower, CEO of Parts Town. “We are thrilled to welcome the entire Whaley team to the PT Holdings family.”

Summit’s Jay Pauley, who sits on the Parts Town Board of Directors, emphasized the strategic importance of this acquisition. “Parts Town is a strong platform in the market for OEM foodservice parts and repairs. This acquisition is a great example of the opportunities – both organic and inorganic – available to expand the company’s footprint and enhance customer service. We believe the combination strengthens Parts Town’s position as an industry leader in OEM parts distribution.”

Metronome Partners served as exclusive financial advisor to PT Holdings.

About PT Holdings
PT Holdings operates a group of companies in the foodservice market focused primarily on genuine OEM parts distribution. Parts Town, the group’s largest brand, is a leading distributor of genuine OEM parts providing unsurpassed access industry-leading innovation to both customers and manufacturers. PT Holdings also operates a group of locally-focused field service companies to further support its manufacturer and customer partners. The field service businesses operate independently from Parts Town under their own brands with their own leadership.

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in healthcare, life sciences, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Notable technology-enabled business services companies financed by Summit Partners include Central Security Group, Vivint and Systems Maintenance Services. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Software Industry Veteran Janet Dryer Named CEO

MENLO PARK and ALAMEDA, CALIFORNIA — Summit Partners, a global growth equity investor, today announced the acquisition of Perforce Software, developer of the industry’s most flexible, scalable and secure version control and collaboration platform. In conjunction with the investment, Janet Dryer will assume the role of Perforce CEO.

Founded in 1995, Perforce helps harmonize development and operations within companies building complex products. Its source code management and collaboration platform, Perforce Helix, provides both the distributed high-change environment favored by developers as well as the centralized environment and large file support needed by operations teams. More than 10,000 customers rely on Perforce products every day, including Salesforce, Electronic Arts, NVIDIA, Cisco, Samsung and VMware.

“Watching Perforce grow from a personal project to a global business with hundreds of employees has been an incredible adventure and will be a source of lasting joy for me,” said Perforce founder Christopher Seiwald. “I have always been committed to doing the right thing for our customers and for the company, and I believe Janet Dryer is the right person to take Perforce forward while maintaining its unique culture and values. I’m thrilled to see Perforce enter this next phase of growth.”

Perforce CEO Janet Dryer has worked in the software industry for more than 30 years. In 1985, she began her career as one of the first employees of Minnesota-based HelpSystems, a global provider of IT infrastructure software. Dryer held various roles with HelpSystems, becoming President in 1998 and serving as CEO and Executive Chairwoman from 2007 until 2015. Summit backed Dryer twice during her tenure as CEO, when she led the company through a period of tremendous growth and expansion. Perforce represents the third time Summit has partnered with Dryer.

“I am very excited about this opportunity, and I’m thrilled to work with Summit again,” said Dryer. “Christopher Seiwald and his team have built a world-class company around fantastic technology, and our first priority will be to continue providing Perforce customers with products and services that help them collaborate better, faster and more securely. I expect that Summit’s deep software experience and their focus on growth will provide valuable support to the company as we move forward.”

“We have followed Perforce for a number of years,” said Summit Partners Managing Director C.J. Fitzgerald, who has joined the Perforce Board of Directors. “We are impressed by the quality of the company’s technology and the value it brings to customers across a wide variety of industries.”

Summit Managing Director Peter Rottier added, “We believe Perforce’s addressable market is significant and growing, driven by the increasing complexity of enterprise development and deployment environments. We are delighted to partner again with Janet and look forward to working together to help Perforce capitalize on the opportunity and accelerate its growth.”

Rottier and Summit Vice President Scott Ferguson have also joined the Perforce Board of Directors.

Perforce was advised on the transaction by Shea & Company. Further details of the transaction were not disclosed.

About Perforce Software
Perforce Software helps companies build and deliver complex products more collaboratively and securely. Its highly scalable source code management (SCM) and collaboration platform, Perforce Helix, enables global teams to collaborate on any type or size of file. It supports both centralized and distributed (DVCS) workflows while safeguarding intellectual property with advanced behavioral analytics. Perforce is trusted by the world’s most innovative brands, including adidas, Samsung, NVIDIA, Intuit, Pixar, Salesforce, EA, Ubisoft, and VMware. The company is headquartered in Alameda, California, with offices in the United Kingdom, Canada and Australia, and sales partners around the globe. For more information, please visit www.perforce.com.

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Notable software companies financed by Summit Partners include Avast, Clearwater Analytics, HelpSystems, Hyperion Solutions, Infor, McAfee, Postini, RiskIQ, Telerik, Uber and WebEx. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Funding reinforces rapid growth as Healthline.com becomes a standalone provider of digital health information

SAN FRANCISCO, CALIFORNIA — Healthline Media – the fastest growing consumer health information site – today announced that it has partnered with global growth equity investor Summit Partners to advance the company’s mission to be the most trusted resource in the pursuit of health and well-being. Under the terms of the agreement, Healthline’s media business will be established as a standalone entity with David Kopp, former general manager of Healthline Media, as CEO.

“Healthline Networks built two very successful businesses in the media and healthcare technology markets,” said Dean Stephens, CEO of Healthline Networks. “After launching the Talix business earlier this year, we sought an investor to separately capitalize Healthline Media, enabling David and his team to pursue a more rapid growth rate and achieve their vision of becoming the leading source of high quality consumer healthcare information on the internet.”

Today’s news comes at a time of tremendous growth for Healthline’s flagship site, Healthline.com, which offers medically reviewed clinical content that is authoritative, approachable and actionable. Over the last two years, Healthline.com has been the fastest growing health information site and now has 22 million monthly U.S.-based users and 40 million monthly global visitors (source: comScore, November 2015). Healthline is currently the fourth-largest health information source and, with growth over 8x that of its major competitors, it aims to become the market leader.

“As a physician, I recognize that Healthline’s success is anchored in quality content and a passion for improving users’ lives,” says Craig Frances, MD, a Managing Director with Summit Partners who will join the company’s Board of Directors. “With an infusion of funds, Healthline will have the resources to amplify its success and realize its mission to be the most trusted ally for millions of health seekers across demographics and digital devices.”

“Our 70% year-over-year traffic growth demonstrates that consumers want something more in their pursuit of better health,” says David Kopp, CEO of Healthline. “The funding from Summit Partners will enable us to make significant investments in the content development and social media programs that have fueled our recent growth and to broaden our offering to include new media types, platforms and adjacent categories.”

Healthline Networks was advised on the transaction by Houlihan Lokey and Morgan Lewis. Summit Partners was advised by Kirkland & Ellis LLP.

For more information or for press inquiries please contact Kimberly Angell of Wish PR at kim.angell@wishpr.com.

About Healthline Media
Healthline Media is a San Francisco, CA-based company that provides health and wellness information to consumers through its website, Healthline.com. The company’s mission is to be its users’ most trusted ally in their pursuit of health and well-being. Healthline.com, which is the fourth largest and fastest-growing consumer health information site, offers medically reviewed clinical content that is authoritative, approachable and actionable. The privately held company is headquartered in San Francisco with offices in New York, NY. For more information please call 415.281.3100 or visit Healthline.com.

About Summit Partners
Summit Partners provides growth equity to exceptional entrepreneurs and management teams. Founded in 1984, the firm is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in healthcare and life sciences, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable healthcare and media companies backed by Summit Partners include Answers, HealthCare Partners, Lincare, MEDNAX, Modernizing Medicine, National Veterinary Associates and Solutionreach. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number OC388179, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

$250 Million Investment Led by Summit Helps DMG Continue Growth, Maintain Independence

DOWNERS GROVE, ILLINOIS – DuPage Medical Group, the largest independent, multi-specialty physician group in the Chicago area, today announced a strategic partnership with global growth equity firm, Summit Partners. The $250 million investment – finalized on December 29, 2015 – is a combination of equity and debt. Proceeds will support growth initiatives at DMG’s practice management company, DMG Practice Management Solutions/MPAS (Midwest Physician Administrative Services). Under the terms of the agreement, DuPage Medical Group (“DMG”) will remain 100-percent physician-owned-and-directed, and DMG physicians will retain majority ownership in DMG Practice Management Solutions/MPAS.

“For an independent, physician-led group of DMG’s scale and size to retain its majority ownership after such a significant investment is unprecedented,” said DuPage Medical Group CEO Mike Kasper. “Summit Partners understands that our patient-focused, doctor-directed culture is crucial to our mission, and they are completely supportive of it. This partnership provides access to capital and strategic support for DMG’s growth initiatives –including population health, expansion into new geographies and opening additional clinical lines of service – and will help to enhance our ability to reach and treat patients.”

Kasper says that from an operational standpoint, DMG employees and patients will notice very few changes as a result of the partnership. Physicians, physician extenders, therapists and designated health services, such as diagnostic imaging and radiation oncology, will all remain within DMG. The Board of Directors of DMG Practice Management Solutions will be comprised of seven members—four of whom will be physicians. DMG will continue to be governed by its current Board of Directors, who are practicing physicians. Additional terms of the transaction were not made public.

“Summit has a history of backing innovative, market-leading businesses in many different industries and has partnered with numerous provider-led practice management organizations over the years,” said Darren Black, a Managing Director at Summit Partners who will join the DMG Practice Management Board of Directors. “Mike and the entire team at DuPage Medical Group have done a remarkable job in building this business – embracing technology and truly setting the standard for patient care in one of the nation’s biggest health care markets. We are thrilled to partner with this exceptionally innovative healthcare company and to support its growth going forward.”

DuPage Medical Group was advised in the transaction by Cain Brothers.

About DuPage Medical Group
With more than 480 physicians and in more than 60 locations, DuPage Medical Group is the largest independent, multi-specialty physician group in the Chicago area, providing physician-directed health care focused on quality, efficiency and access. For more information, visit www.dupagemedicalgroup.com.

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in healthcare, life sciences, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Notable healthcare companies backed by Summit Partners include Anesthetix, HealthCare Partners, Lincare, MEDNAX, National Veterinary Associates and Surgical Affiliates Management Group. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number OC388179, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Copenhagen, Denmark and London, UK – Siteimprove A/S, a leading provider of web governance software, today announced that it has received a $55 million minority investment from global growth equity firm Summit Partners. The funding will support Siteimprove’s continued expansion of its global operations, sales and marketing as well as the development of its category-leading SaaS solutions for web governance.

Siteimprove’s SaaS platform enables marketers and web professionals to manage and optimize their web presence through automated quality assurance, accessibility compliance and analytics. Over 3,500 customers rely on Siteimprove to enhance their web and mobile sites and ensure adherence with external regulations and internal content policies. Siteimprove’s team includes 260 employees across eleven worldwide offices, and global demand has seen the company establish new operations in six countries during 2015. After twelve years of strong organic growth, profitability and global expansion, the current owners sought an experienced global partner able to support Siteimprove as it continues to scale internationally.

“We are pleased to partner with Summit, a firm that has invested in many innovative SaaS businesses. Summit has a global outlook, but also recognizes the importance of the Siteimprove culture and values and can help us grow our company in that spirit,” said Morten Ebbesen, Founder and CEO of Siteimprove. “This investment will allow us to accelerate our growth and capitalize on the opportunities we see in the broader web governance market. I look forward to working together.”

“At Summit, we seek to collaborate with great management teams of innovative, industry-leading companies,” said Antony Clavel, a Vice President at Summit Partners who will join the company’s Board of Directors. “Siteimprove – which today serves top-tier customers across a variety of industries including financial services, government, technology, pharmaceuticals, education and others – is well-positioned to grow its global footprint and further establish its leadership in the web governance market.”

“The demand for effective web governance is accelerating as enterprises seek to deliver consistency and compliance across their digital experiences,” added Han Sikkens, a Managing Director with Summit Partners who will also join the Siteimprove Board of Directors. “We are thrilled to work with Morten and the Siteimprove team to help realize their vision of building one of the top marketing software companies in the world.”

Copenhagen-based M&A advisory services company Nordic M&A served as exclusive corporate advisors for Siteimprove.

About Siteimprove
Founded in Copenhagen in 2003, Siteimprove is the global leader in SaaS-based web governance solutions. Siteimprove’s broad suite of cloud software products includes quality assurance, accessibility compliance, analytics, SEO, performance monitoring and policy management. More than 3,500 customers rely on software from Siteimprove to identify, prioritize and repair issues that could have a negative impact on brand reputation and to ensure web accessibility and compliance with web content standards. Headquartered in Copenhagen and Minneapolis, Siteimprove has 260 employees across eleven global offices. For more information, visit www.siteimprove.com.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Flow Traders, Gainsight, Hyperion, Infor, McAfee, RightNow, Uber, Unica, WebEx and Wildfire. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

BERLIN and LONDON – Signavio GmbH – a leading provider of SaaS-based business process and decision management technology – today announced the completion of a €31 million minority investment from global growth equity investor Summit Partners. The investment will help Signavio expand its international footprint and continue its very strong growth trajectory.

Founded in 2009, with offices in Berlin, Singapore and Sunnyvale, Signavio is a provider of cloud-based software that helps businesses efficiently design, implement and manage complex processes, decisions and workflows. With its three products – Process Editor, Decision Manager and Effektif – Signavio offers an intuitive and collaborative process transformation platform, enabling company-wide compliance, process performance and process innovation initiatives. Today the company serves over 750 corporations, businesses, and organizations around the world in industries ranging from manufacturing to financial services.

“This is a significant milestone for Signavio,” commented founder and CEO, Gero Decker. “We believe strongly that our differentiated approach is changing the way that our customers are optimizing and executing key strategic business initiatives, and we are excited to work with the Summit team in our next phase of growth. With their support, we are focused on continuing our record of product innovation and further strengthening our sales and service capabilities around the world.”

“Gero and his team have done a remarkable job of distinguishing Signavio as top of the class in next generation business process and decision management solutions,” said Scott Collins, a Managing Director at Summit Partners. “Summit has a history of backing innovative, market-leading companies that are poised for great success. With its SaaS delivery model, open standards architecture, and end-to-end product suite, we believe there is an enormous future for Signavio, and we look forward to working with the team to grow the business in Europe, North America and Asia.”

Signavio was advised in the transaction by GP Bullhound and CMS. Summit Partners was advised by Hengeler Mueller and Kirkland & Ellis. Further details of the transaction were not disclosed.

About Signavio
Signavio offers a web-based solution for modeling, analyzing, and optimizing business processes and decisions. As a leading vendor for SaaS software for company-wide process and decision management, Signavio combines the richness of a professional business process management (BPM) and business decision management (BDM) solution with the advantages of collaboration in the cloud. Signavio is headquartered in Berlin and has offices in Sunnyvale, CA and Singapore. For more information, visit www.signavio.com.

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Signavio is Summit’s third European software investment in 2015, following partnerships with Darktrace and RELEX. Other notable technology companies financed by Summit Partners include Avast, Belkin, Clearwater Analytics, Flow Traders, Hyperion Solutions, Infor, McAfee, NetWitness, Postini, RiskIQ, SafeBoot, Uber and WebEx. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

SINGAPORE – PatSnap, the leading provider of web-based intellectual property analytics and management software built on a database of global patents and intellectual property, today announced that it has closed a $10 million investment from global growth equity investor Summit Partners. This investment will help PatSnap continue to scale its business to meet growing demand around the world as PatSnap seeks to become the definitive source of intellectual property intelligence for business and technical professionals around the world.

Founded in 2007, PatSnap’s software-as-service platform provides competitive and market intelligence, as well as IP analysis and research for IP-driven organizations. As the basis for competitive advantage shifts toward intellectual property, innovation, and know-how globally, understanding an institution’s position and effectiveness in intellectual property creation has become essential to the long-term success of nearly any commercial or research institution. The PatSnap platform ingests, maps, and links over 100 million patents from virtually every relevant jurisdiction in the world. Proprietary analytics and visualization software allows researchers to conduct intellectual property research and monitor IP evolution in a sector.

PatSnap serves thousands of corporations, research and academic institutions, and governments in almost every industry around the world. Customers – including NASA, Vodafone, L’Oreal, MIT and the National Institutes of Health – operate in industries ranging from technology, life sciences, consumer products, manufacturing, education and other sectors. They use PatSnap to research their upcoming innovations and new product opportunities, map and monitor their market and competition, identify potential partners and customers, and manage their intellectual property programs.

“PatSnap has become an integral part of the R&D and innovation playbook for our customers,” said PatSnap co-Founder and CEO, Jeffrey Tiong. “We support IP innovation across 40 different industries by providing our customers with timely, comprehensive intelligence that enables better analysis of the technology landscape. With Summit’s support, we are focused on continuing our growth trajectory and accelerating our impact on innovation economies worldwide.”

“The PatSnap team has done a remarkable job building the industry’s leading platform for turning data on global intellectual property into true analysis and understanding,” said Greg Goldfarb, a Managing Director at Summit. “Researchers and business professionals can easily research all aspects of their innovation and research programs and understand how they are evolving in both their market and research domains. Summit has a history of backing market-leading innovators in many different industries and our investment in PatSnap allows us to support an exceptionally innovative company, and one that is helping to advance the innovation and new product creation efforts everywhere in the world.”

About PatSnap
PatSnap is the leading IP Analytic and Management platform that empowers even non IP-proficient users to understand this competitive landscape. Through our simple yet powerful interface, IP is now accessible to everyone allowing you to compete and innovate on a global scale. Since it was founded in 2007, PatSnap has served thousands of customers in more than 30 countries worldwide. For more information, visit www.patsnap.com

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Belkin, Clearwater Analytics, Flow Traders, Hyperion Solutions, Infor, McAfee, NetWitness, Postini, RiskIQ, SafeBoot, Uber and WebEx. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Funding to Support International Expansion and Tech Innovations

CHICAGO – Reverb.com – the marketplace for musicians to buy and sell the gear they need to make music – today announced the completion of a $25 million Series B funding round led by global growth equity investor Summit Partners. Launched in 2013, Reverb is closing out its second full year in business and is on pace to process more than $120 million in transactions in 2015. The company’s earlier investors include Lean Startup pioneer Eric Ries, Rick Nielsen of Cheap Trick, and country music superstar Brad Paisley.

Comprised of a robust website and two mobile apps (iOS and Android), Reverb gives users the power to easily create product listings, browse new and used gear, and compare an unrivalled set of historical pricing and sales data. Reverb also serves as a platform for education and musical exploration, hosting a wealth of content that includes product reviews, demo videos, gear histories, and artist interviews. The new investment will support the company’s international expansion strategy, key branding initiatives and continued technical innovation.

“The market for new and used musical instruments is enormous – over $23 billion globally,” said founder and CEO David Kalt. “Reverb brings new life to old musical instruments by putting them side by side with new gear while giving musicians a convenient experience with price transparency and engaging content that stokes their passion for music. With Summit’s support, we are focused on further establishing our position as an innovative leader in the market.”

Kalt is also the owner of the Chicago Music Exchange, one of the world’s largest and best-known vintage guitar dealers. He founded Reverb in late 2012 in response to his frustrations with buying and selling used gear online, and he launched the Reverb marketplace in 2013.

“At Summit, we look for experienced founders and companies with clear business models making a measurable market impact,” said Summit Partners Principal, Andrew Collins, who will join the company’s Board of Directors. “Reverb checks all of those boxes. We believe that its value to musicians, dealers and collectors is clear and proven; its customers are raving fans; and, as the sole institutional investor in David’s prior company, optionsXpress, we could not be more confident in Reverb’s leadership. We are thrilled to be their partner for this next phase of growth.”

About Reverb
Reverb is changing the way musicians buy, sell, value and learn to play musical instruments.

About Summit
Founded in 1984, Summit Partners is a growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable consumer-oriented technology and e-commerce companies financed by Summit Partners include Answers, Avast Software, Belkin, Global Fashion Group, optionsXpress, Uber, Tiny Prints, vente-privee.com, Wildfire Interactive, WebEx and Web Reservations International. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Following the sudden loss this past summer of our friend and colleague, Joe Trustey, Summit Partners seeks to capture Joe’s spirit and continue his model of selfless giving by endowing a fund in his honor at the University of Notre Dame.

The Joseph F. Trustey Endowment for Excellence will honor Joe’s commitment to maximizing the campus experience for students at his much beloved alma mater. The Trustey Endowment will support the Fighting Irish Initiative, with a specific mission to enrich the student experience by underwriting those aspects of campus life not covered by traditional financial aid. Born from the heart of the University’s mission to care for the whole person, the Fighting Irish Initiative was established to provide students from low socioeconomic backgrounds access to the things that bind the Notre Dame community together — from seemingly routine needs like warm winter clothing, a laptop computer or tickets to join their classmates at athletic and other events, to more significant expenses related to traveling home for breaks and studying abroad, and providing travel and lodging for parents attending Orientation, Junior Parents Weekend and Commencement. The Trustey Endowment will help bridge many of the disparities faced by Notre Dame students as they live and study alongside classmates from across socioeconomic backgrounds.

Individuals wishing to make a gift to support the Trustey Endowment can visit donate.nd.edu and insert "Joe Trustey Fund" in the designation box.

Global Growth-Equity Firm Backs Fast Growing Provider of Retail Software

Miami, FL – Mi9 Retail, the premier provider of merchandising, business intelligence and customer-centric store operations software for retailers, today announced it has received an investment led by global growth equity investor Summit Partners. The investment will help to fuel the company’s continued growth – including funding its recently announced acquisition of Raymark – and position Mi9 to realize its vision to become one of the largest, privately owned, software companies focused exclusively on retail.

“Mi9 Retail disrupted the retail software market by introducing a complete business intelligence and merchandising solution as a single product,” said Mi9 Retail CEO James Zubok. “We’re confident that our partnership with Summit will enable Mi9 Retail to accelerate our growth while continuing to ensure that our products and our services levels outpace the competition.”

Mi9 Retail has more than doubled revenue and headcount since January 2014 when the company was acquired by the team of experienced operators at Respida Capital. On November 3rd, Mi9 Retail announced the acquisition of Raymark Xpert Business Systems. The acquisition expands Mi9 Retail’s product portfolio and geographic reach.

“Together, Mi9 and Raymark can better service the spectrum of retail customers including big-box stores, specialty retailers, department stores, fashion retailers and jewelry outlets, among others,” added Mi9 Retail President, Neil Moses. “Today, we provide a comprehensive set of solutions to meet the needs of multi channel retailers with a customer-centric approach to retail.”

“In the software sector, Summit focuses on partnering with businesses that have strong management teams, a history of rapid growth and a proprietary technology that will help them become leaders in their respective industries,” said Michael Medici, a Principal at Summit Partners who will join the Mi9 Board of Directors. “The market for ERP and customer-centric retail solutions is growing quickly, and we believe that Mi9 Retail is well positioned to capitalize on this opportunity.”

About Mi9 Retail
Mi9 Retail, the premier provider of enterprise retail merchandising, business intelligence and customer-centric software, empowers the world’s most successful retailers to build strong personal relationships with their customers, process high volumes of transactions in real time, and optimize inventory across all channels utilizing a single, accurate source of the truth. Built using cutting edge technology, the software minimizes costs of ownership and provides the industry’s fastest time to value. The company’s global headquarters are located in Miami, FL, with operations in North America, Europe and Asia. For more information, please visit www.mi9retail.com.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Belkin, Flow Traders, Hyperion Solutions, Infor, McAfee, NetWitness, Postini, RightNow, SafeBoot, Uber and WebEx. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Summit Partners, a global growth equity firm investing in rapidly-growing companies, has invested $60 Million in Aeryon Labs

Waterloo, ON – Aeryon Labs Inc., the premier manufacturer of small unmanned aerial systems (sUAS) and mission control software, today announced that it has closed a $60 million investment from Summit Partners. This investment will help the company realize its ambitious vision for the sUAS market, which sees widespread adoption across military, public safety and commercial operators worldwide.

Enterprise-grade sUAS (commonly known as drones) provide an easy-to-deploy, safe and cost-effective means to acquire mission-critical aerial intelligence for a variety of applications. According to analyst estimates, the sUAS market is rapidly expanding and is expected to approach $6 billion by 2020.

Ranked 7th as a 2014 Deloitte Technology Fast 50™ company and 14th in the North American Technology Fast 500™ ranking, Aeryon has experienced profitable organic growth and global expansion across its 9-year operating history, with customers in over 35 countries. The additional capital from Summit Partners will enable Aeryon to build upon this operational success and accelerate its expansion and delivery of additional capabilities to its core market segments.

“This is a significant milestone for Aeryon Labs,” said Dave Kroetsch, the company’s President and CEO and one of its principal founders. “It validates our technical lead in the market and our ’aviation not recreation‘ approach to building sUAS, which is quickly making Aeryon a first choice for utility inspectors, first responders and soldiers in the most demanding operational environments.”

“Much of the Summit portfolio is comprised of founder-led companies, poised to take commanding positions in high-growth industries. We believe Aeryon exemplifies these characteristics,” said Len Ferrington, a Managing Director at Summit who will join the Aeryon Labs Board of Directors. “The market for sUAS is rapidly expanding, and we believe that Aeryon is a best-of-breed provider that is well positioned to capitalize on those opportunities.”

Aeryon Labs Inc.
Aeryon Labs is the premier manufacturer of small Unmanned Aerial Systems (sUAS), which are at the center of major world events and international media stories. The company is the trusted partner of civil and military customers, resellers, and other commercial business partners around the globe. Aeryon Labs is headquartered in Waterloo, Ontario, Canada. Field-tested and mission-proven, Aeryon sUAS set the standard for immediate aerial intelligence gathering by anyone, anywhere, anytime, for a wide range of military, public safety and commercial applications. For more information visit: www.aeryon.com.

About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include E-TEK Dynamics, Casa Systems, FleetCor, Hittite Microwave, Uber, Ubiquiti Networks and Welltec International. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Global Provider of IT Management Software Solutions Acquired by H.I.G. Capital, LLC

MENLO PARK, CA and EDEN PRAIRIE, MN — Summit Partners, a global growth equity investor, today announced the sale of HelpSystems, LLC, a leading global provider of IT management software, to H.I.G. Capital, LLC.

Headquartered in Eden Prairie, MN, HelpSystems is a leading provider of system & network management, business intelligence, and security & compliance solutions. With over 9,000 customers across a broad range of industries, HelpSystems is the market leader within system & network management for the IBM-i operating system and is rapidly expanding its presence on the Windows, Linux, and Unix platforms.

Summit Partners first invested in HelpSystems in 2005. The company was acquired in 2007 and Summit made its most recent growth equity investment in the company in 2012. Since 2012, HelpSystems has completed nine strategic acquisitions with Summit providing support in sourcing, diligence, financing and execution. The company has expanded its product and service offerings beyond systems management to include security, network management, analytics and business intelligence capabilities. Today, HelpSystems employs 310 people in 16 offices worldwide.

“As a CEO and board member, I could not have asked for a more supportive partner than Summit,” said Chris Heim, HelpSystems’ Chief Executive Officer. “We have benefited from this partnership in ways both practical and strategic. I am now looking forward to working closely with another experienced investor in H.I.G. Capital.”

Summit Partners Managing Director Peter Rottier who served on the HelpSystems Board of Directors, commented, “We are delighted to transition HelpSystems to H.I.G. It has been an incredibly rewarding experience to work with Chris and Dan Mayleben and their team and to support their efforts to grow both organically and through acquisitions. We would also like to thank Executive Chairwoman Janet Dryer for her trust, partnership and hard work over the 10 years since our initial investment.”

John Carroll, a Boston-based Managing Director with Summit Partners, also served on the HelpSystems Board of Directors.

HelpSystems was advised on the transaction by Harris Williams & Co., Proskauer Rose LLP, and Grant Thornton LLP.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Belkin, Clearwater Analytics, Flow Traders, FleetCor (NYSE: FLT), Hyperion Solutions, Infor, RightNow Technologies, Sybari Software, Unica and WebEx Communications. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About HelpSystems, Inc.
HelpSystems empowers people to excel in IT like never before. Every day more than 9,000 organizations across the globe rely on HelpSystems to automate and simplify server and network management, protect data, and give people simple access to information they need. Find out how HelpSystems makes IT lives easier and keeps businesses running smoothly at www.helpsystems.com.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

BOSTON, MA, AND LONDON, UK – Summit Partners, a global growth equity investor, today announced the addition of Matthias Allgaier as the firm’s newest Managing Director. Matthias will join Summit’s London-based team.

“We are thrilled to welcome Matthias to our team,” said Scott Collins, a Managing Director in Summit’s London office. “His deep knowledge and expertise in working with growth stage companies will strengthen our Europe-focused investment efforts. We’re very much looking forward to working with him.”

Mr. Allgaier brings more than 20 years of investment experience. Prior to joining Summit, Matthias was a Managing Director with H.I.G. Capital Europe where he focused on investing in the technology and business services sectors. During his eight years with H.I.G., he served on numerous boards including Duales System Deutschland, Fibercore Ltd, AR Metalizing, International Schools of Europe, The Engine Group and VNU Media, and he currently serves on the board of FNZ Ltd. Mr. Allgaier began his career with General Atlantic Partners and Apax Partners. He is a German national and earned an MBA from Mannheim University and a DBA from Karl Franzens University.

Marty Mannion, Summit’s Chief Investment Officer, added, “We have been investing in Europe for more than fifteen years, always with the goal of being the growth equity partner of choice for industry-leading companies. Matthias’ strong industry knowledge and business acumen complements our existing team and will further enhance our ability to support Europe-based entrepreneurs. We are excited to welcome him to Summit.”

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable European companies financed by Summit Partners include 360T, Acturis, Avast Software, Flow Traders, Jamba!, Ogone, SafeBoot, vente-privee.com and Web Reservations International. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This website is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Global growth-equity firm backs Europe’s fastest growing supply chain solutions provider ahead of its North American launch

HELSINKI, FINLAND — RELEX Solutions, provider of in-memory-based supply chain software, has accepted a €20 million minority investment from global growth equity firm Summit Partners. The investment will support the technology company’s continued international expansion and a key push into the North American market later this year. RELEX’s founders, Mikko Kärkkäinen, Johanna Småros and Michael Falck, will continue in their senior management roles and remain majority owners of the company.

RELEX’s game-changing technology helps retailers, wholesalers and manufacturers automate and optimize their supply chains, cut spoilage, reduce inventory and boost on-shelf availability. Leveraging the power of in-memory computing, the system delivers large volumes of data over 100 times faster than traditional alternatives, giving its predictive demand forecasting and actionable analytics even more immediacy and impact. With easy implementation and demonstrated rapid return on investment, RELEX has already won over many of Europe’s largest retailers.

U.S. and Europe-based Summit Partners has extensive experience supporting the international growth of disruptive enterprise software companies. This is Summit’s first investment in a Finnish company and the first equity investment RELEX has accepted. RELEX has expanded organically since 2005 and now operates in 17 countries across Europe and Africa.

“We look for businesses with the potential to become global leaders in their sectors,” says Summit Partners London-based Managing Director Han Sikkens, who has joined the RELEX Board of Directors. “RELEX offers outstanding proprietary technology and impressive results; it’s quick to implement, generates a rapid ROI to its customers and is steered by a talented management team whose values and growth strategy we fully support.”

“We interviewed a broad cross-section of RELEX’s customers and were impressed by the exceptionally positive feedback about their staff, management of implementation projects and long-term commitment to their customers’ success,” added Steffan Peyer, a Summit Vice President who has also joined the RELEX Board along with Summit Vice President Antony Clavel.

“Putting the customer first, offering a transparent, honest partnership, and remaining R&D driven so our customers will always get cutting edge tools, is absolutely the basis of our success—and we’re confident that this approach will be well-received by North American retailers, wholesalers and manufacturing companies, who face the same challenges as their European counterparts,” says RELEX Group CEO Mikko Kärkkäinen. “Summit is a perfect fit for us both culturally and strategically, especially as we expand worldwide. We have a shared vision of making RELEX a global force in supply chain management technology.”

About RELEX
RELEX Solutions is the first supply chain solution provider to offer retailers, wholesalers and manufacturers the power of In-Memory Computing.

Together with a proprietary database and unique tools RELEX delivers results over 100 times faster than traditional alternatives, bringing unprecedented power and agility to supply chain management.

Customers in 17 countries use RELEX demand forecasting, inventory optimisation, replenishment automation solutions to cut spoilage by 40%, inventory by 30%, boost on-shelf availability to 98%+, and become more profitable in the process.Founded in 2005 by three logistics scientists, RELEX is the fastest growing company in its field in Europe. RELEX employs almost 150 people at its offices in the UK, Germany, Sweden, Norway, Denmark, and at its Helsinki headquarters and is planning to launch its US operations in late 2015.

More information: www.relexsolutions.com.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Belkin, Flow Traders, Hyperion Solutions, Infor, McAfee, NetWitness, Postini, RiskIQ, SafeBoot, Sybari Software, Uber and WebEx. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This website is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

H.I.G. Middle Market (“H.I.G.”), the dedicated middle market investment affiliate of H.I.G. Capital, a leading global private equity investment firm with $19 billion of equity capital under management, has entered into a definitive agreement to acquire HelpSystems, LLC (“HelpSystems”, or the “Company”) from current investor Summit Partners. The completion of the transaction is subject to regulatory and anti-trust approval.

Headquartered in Eden Prairie, MN, HelpSystems is a leading provider of system & network management, business intelligence, and security & compliance solutions. With over 9,000 customers across a broad range of industries, HelpSystems is the market leader within system & network management for the IBM-i operating system and is rapidly expanding its presence on the Windows, Linux, and Unix platforms.

Fraser Preston, Managing Director at H.I.G., commented, “We are excited to partner with Chris Heim, Dan Mayleben, and the entire HelpSystems team to continue the Company’s strong growth. We look forward to working together with the management team to expand HelpSystems’ suite of products and to continue to provide best-in-class service to HelpSystems’ customers.”

“We are thrilled to work with H.I.G.,” said Chris Heim, CEO of HelpSystems. “We share core philosophies of taking exceptional care of customers and employees and together we’ll continue on the mission of delivering software that makes IT lives easier and solves real problems.”

Evercore is acting as lead financial advisor to H.I.G. Credit Suisse is also a financial advisor to H.I.G.

About HelpSystems, Inc.
HelpSystems empowers people to excel in IT like never before. Every day more than 9,000 organizations across the globe rely on HelpSystems to automate and simplify server and network management, protect data, and give people simple access to information they need. Find out how HelpSystems makes IT lives easier and keeps businesses running smoothly at www.helpsystems.com.

About H.I.G. Middle Market
H.I.G.’s Middle Market Fund specializes in providing up to $200m of equity in transactions involving mid-market companies with high-quality, value-added products and services, and attractive growth potential. H.I.G.’s Middle Market Fund aligns itself with committed management teams and will make investments across a wide range of industries and opportunities, from profitable market leaders to underperforming businesses facing unique challenges. We work closely with our management teams and use our in-house operating expertise to help our portfolio companies become industry leaders.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $19 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused approach:

-- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
-- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
-- Other H.I.G. funds invest in various real assets, including real estate and shipping.

Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

Source: H.I.G Capital

London, UK; Frankfurt, Germany – Summit Partners, a global growth equity investor, today announced a definitive agreement to sell 360T Group (“360T” or “the company”), a leading global FX trading platform, to Frankfurt-based marketplace Deutsche Börse AG, for total cash consideration of €725 million. The completion of the transaction is subject to regulatory and anti-trust approval.

Founded in 2000 and headquartered in Frankfurt, 360T provides software that helps corporations, banks and other financial firms trade currencies, money-market products and derivatives with each other. Its software also helps clients hedge their currency risk. 360T has subsidiaries in New York, Singapore, India and Dubai.

Summit Partners made a growth equity investment in 2012 to acquire a majority stake in 360T. During Summit’s investment, 360T deepened its product offering while strengthening and expanding its international presence, particularly into the United States. Today, the company has more than 220 employees in 26 offices around the world.

“As an entrepreneur and founder, I selected Summit Partners to help expand our global footprint and support the continued growth of 360T,” said Carlo Kölzer, Founder and CEO of 360T. “Over the course of the last three years, we have benefited significantly from Summit’s global reach and deep experience in the financial technology sector. I am excited about our next chapter and thrilled about the opportunity that a partnership with the Deutsche Börse presents for the company.”

Summit Partners Managing Director Scott Collins, who served on the 360T Supervisory Board, commented, “We have had a great experience working with Carlo and the management team to build upon 360T’s platform and help further establish the company’s position as a world-class trading platform for foreign-exchange, money-market products and derivatives. We would like to thank Carlo for his trust, partnership and commitment to the business.”

“Carlo and his team combined great vision with great execution to build a leading multi-bank, multi-asset institutional trading platform,” added Summit Managing Director Han Sikkens, who also served on the company’s Supervisory Board. “We are delighted to transition 360T to the Deutsche Börse.”

360T was advised on the transaction by Hengeler Mueller and Jefferies LLC.

About 360T Group
360T is an independent and globally-established trading venue. Its fast growth confirms the company’s status as a provider of web-based trading technology for over-the-counter (OTC) instruments, integration solutions and related services. Since its inception in 2000, the company has developed and maintained a state-of-the-art multi-bank portal for foreign exchange, cash and money market products and FX/interest rate derivatives.

360T’s secure global transaction network enables clients to trade with greater transparency and enhanced control at every stage of the trading lifecycle. The company also offers licensing of a hosted white labelled trading technology between a scalable group of price-takers and either proprietary price providers or a rich choice of back-to-back liquidity sources. 360T´s buy-side clients are national and multinational corporate treasuries, institutional clients (asset managers, hedge funds, commodity trading advisors), broker/dealers and banks. The company is authorised under German law and regulated by the German Federal Financial Supervisory Authority (BaFin).

Headquartered in Frankfurt am Main, Germany, 360T maintains subsidiaries in New York (360 Trading Networks Inc), Singapore (360T Asia Pacific Pte. Ltd.), India (ThreeSixty Trading Networks (India) Pvt Ltd) and Dubai (360 Trading Networks LLC). Further information: www.360T.com

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable financial technology companies financed by Summit Partners include Acturis, Clearwater Analytics, FleetCor (NYSE: FLT), Flow Traders (Euronext: FLOW), Multifonds, Ogone and optionsXpress. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Series B Funding Follows Exceptional Growth Year

CAMBRIDGE, UK – Darktrace, the leader in Enterprise Immune System technology, announced today that it has raised $22.5 million in Series B funding from Summit Partners, a global growth equity investor that has raised more than $16 billion in capital since inception.

Darktrace’s Enterprise Immune System represents a new class of cyber defense software that helps enterprises and government bodies protect themselves against advanced attacks and data compromises from within the network. Powered by Bayesian mathematics and advanced machine learning, and developed at the University of Cambridge, Darktrace analyzes network activity and learns the behavior of every device, user and network within an organization in order to detect abnormal threat behaviors as they emerge. Darktrace is currently experiencing exceptional bookings and revenue growth driven by rapid geographical expansion and a significant increase in its customer base.

“Darktrace is reinventing the way organizations protect their data and assets, with a truly differentiated solution developed by some of the leading minds in machine learning and mathematics,” said Antony Clavel, a Vice President with Summit Partners. “Darktrace’s core Enterprise Immune System technology responds to an urgent need for more advanced cyber security, given the volume and complexity of today’s cyber threats.”

“Summit Partners has decades of experience in supporting exceptional new technologies and highly-skilled teams,” added Han Sikkens, a Managing Director with Summit Partners. “We have been impressed by Darktrace’s outstanding leadership team and unique combination of security intelligence, technical and commercial skills. We welcome the opportunity to help accelerate the company’s growth across the world.”

“We are delighted to be working with Summit Partners, an investor with deep experience in the security sector, as we continue to rapidly grow our business,” said Nicole Eagan, CEO of Darktrace. “This is yet another validation of our machine-learning and mathematics approach, and will enable us to maintain a fast pace of innovation, and pursue our vision of bringing the Enterprise Immune System to the heart of cyber defense strategies today.”

The funding will help Darktrace meet growing international demand, particularly in the United States and Asia Pacific. In addition, Darktrace will continue to scale the business and hire world-class talent for its technology, cyber analyst and commercial teams around the world.

Darktrace serves customers across a range of industry verticals, including leading organizations in the critical infrastructure and financial services sectors and several Fortune 100 corporations. The company was named ‘Best Security Company of the Year’ at the InfoSecurity Global Excellence Awards 2015 and ‘Best Insider Threat Detection Solution’ in the Network Products Guide IT World Awards 2015.

Summit Partners’ previous investments in the cyber security technology sector include Avast, McAfee, NetWitness, Postini, RiskIQ and SafeBoot.

Han Sikkens, a Managing Director at Summit Partners and Vanessa Colomar, Partner at Invoke Capital, have joined the Darktrace Board of Directors.

         About Darktrace
Named ‘Best Security Company of the Year’ in the Info Security Products Guide 2015, Darktrace is one of the world’s leading cyber threat defense companies. Its Enterprise Immune System technology detects previously unidentified threats in real time, powered by machine learning and mathematics developed at the University of Cambridge, which analyze the behavior of every device, user and network within an organization. Some of the world’s largest corporations rely on Darktrace’s self-learning appliance in sectors including energy and utilities, financial services, telecommunications, healthcare, manufacturing, retail and transportation. The company was founded in 2013 by leading machine learning specialists and government intelligence experts, and is headquartered in Cambridge, UK and San Francisco, with offices in Dallas, London, Milan, Melbourne, New York, Paris, Singapore, Toronto and Washington D.C.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised more than $16 billion in capital. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable technology companies financed by Summit Partners include Avast, Arista Networks, Flow Traders, Hyperion Solutions, Infor, McAfee, NetWitness, Postini, RiskIQ, SafeBoot, Sybari Software and WebEx. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Proceeds Will Accelerate Commercialization and Launch of New Technology Platforms

Hayward, CA –Advanced Cell Diagnostics, Inc. (ACD), a world leader in the field of in situ nucleic acid detection for life science research and clinical diagnostics, announced today that it has raised $22 million in Series C equity financing, led by growth equity investor Summit Partners with participation from Kenson Ventures and existing investors, Morningside Ventures and New Leaf Venture Partners.

Proceeds from the financing will be used to accelerate the entry into the research and clinical diagnostics markets and launch new innovative technology platforms based on ACD's proprietary RNAscope® technology.

“ACD is a clear marker leader in in situ RNA detection, as validated by their rapid growth in revenue and strong customer base. Summit is excited to work with the company to expand its innovative products into new market sectors across the globe and to establish its RNAscope technology as a major diagnostic platform for precision medicine,” said Harrison Miller, a Managing Director with Summit Partners, who will join ACD’s Board of Directors.

“ACD has been on a successful trajectory since its founding. Its RNAscope technology is a game-changer and has become part of the next wave of the genomic revolution. We welcome Summit and other new investors to join the team as we move forward," said Dr. Gerald Chan, Co-Founder of Morningside Ventures.

“We are grateful for the enthusiastic responses from investors in our Series C financing round. It is a strong recognition of the potential of ACD's technology, which has already been featured in over 240 peer reviewed publications. The new funding will accelerate our pace of continued innovation and allow us to aggressively pursue our vision to bring RNAscope technologies to the forefront of precision medicine,” said Dr. Yuling Luo, Founder, President and CEO of ACD, “The company is now well-capitalized to realize this vision.”

About RNAscope
ACD's RNAscope represents a major technological advance in in situ RNA detection. This patented, groundbreaking platform is the first to enable robust single RNA molecule detection in routine formalin-fixed, paraffin-embedded (FFPE) clinical specimens. RNAscope provides rich molecular and morphological information in a single assay to maximize the clinical utility of RNA biomarkers. This is especially true in cancer diagnostics due to the significant intra-tumor heterogeneity and the complex involvement of the tumor microenvironment in tumor growth and therapeutic response. Since its commercialization over four years ago, RNAscope has seen rapid adoption across the globe by all major pharma/biotech companies and leading academic institutions for drug target validation, translational research, and the development of clinical diagnostics and companion diagnostic tests.

About Advanced Cell Diagnostics
Advanced Cell Diagnostics, Inc. (ACD) is a leader in the field of molecular pathology, developing cell and tissue based diagnostic tests for precision medicine. The company’s products and services are based on its proprietary RNAscope® technology, the first automated multiplex chromogenic and fluorescent in situ hybridization platform capable of detecting and quantifying RNA biomarkers in situ at single molecule sensitivity. RNAscope assays are currently used by all of the global top 10 pharmaceutical companies, world leading academic institutions and many cutting edge biotechnology companies to validate biomarkers for the management of cancer and other diseases. ACD’s industrial partnerships provide the foundation for ACD to develop companion diagnostic tests in conjunction with partners’ targeted therapeutics. ACD also pursues internal programs to develop and commercialize proprietary diagnostic tests in cancer management. Learn more about ACD and RNAscope technology at www.acdbio.com.

About Summit Partners
Summit Partners provides growth equity to exceptional entrepreneurs and management teams. Founded in 1984, the firm has raised more than $16 billion in capital and provides equity and fixed income for growth, recapitalizations and management buyouts. Summit has invested in more than 400 companies in healthcare and life sciences, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable life science companies backed by Summit Partners include Clontech, Diagnostic Hybrids, Integrated DNA Technologies (IDT) and Fermentas International. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Leading Catastrophic Care Management Company Will Expand Summit Partners’ Healthcare Portfolio

WALNUT CREEK, CA – Paradigm Outcomes, the nation’s leading provider of complex medical management services, today announced that Lightyear Capital has sold the portfolio company to Summit Partners. The transaction closed on June 2, 2015.

Paradigm will continue to operate independently under the leadership of Chairman and Chief Executive Officer Jim Hudak. Mr. Hudak remains responsible for the organization’s strategic direction and retains his position on the Paradigm Board of Directors. Summit Partners’ Managing Director Darren Black and Vice President Ross Stern will join the board, along with Paradigm Chief Financial Officer and Chief Administration Officer Tom Mastri.

“We are excited to work with Summit Partners,” said Hudak. “Not only do they recognize Paradigm’s track record of consistently achieving better medical and financial outcomes for severely injured workers, but they see our innovative model leading to future growth. I’m eager to collaborate on Paradigm’s future.”

“With decades of experience investing in the healthcare sector, we see tremendous opportunity for Paradigm,” said Black, “and we are excited to partner with their deep management team for the company’s next chapter.”

About Paradigm Outcomes
Paradigm Outcomes provides acute and ongoing catastrophic and complex case management services for acquired brain injuries, spinal cord injuries, multiple traumas, amputations, burns and chronic pain. As the nation’s leading provider of complex and catastrophic medical management in the workers’ compensation industry, Paradigm achieves 5x better medical outcomes and lowers total costs by 40%. Paradigm accomplishes this by bringing together nationally recognized doctors, nurses and specialists, the best network of care facilities in the country, and more than 20 years of clinical data to guide decisions. For more information, visit www.paradigmcorp.com.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised more than $16 billion in capital. Summit has invested in more than 400 companies in healthcare, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable healthcare companies financed by Summit Partners include American Dental Partners, AmeriPath, HealthCare Partners, Independent Vetcare, Lincare, National Veterinary Associates, MEDNAX, My Dentist and Solutionreach. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

MILAN, ITALY AND LONDON, UK—Growth equity investor Summit Partners today announced that it has acquired a majority stake in DentalPro, a network of dental clinics in Italy. With the backing of Summit Partners, DentalPro will continue its rapid expansion in the Italian dental care sector. Existing DentalPro shareholder, VAM Investments reinvested in the transaction, as did CEO and Founder Michel Cohen.

Founded in 2010, DentalPro owns and operates 30 full-service clinics across Italy, most of which are positioned in shopping malls. Each conveniently located clinic provides a full range of high-quality dental services, from general dentistry to more sophisticated implants, prosthesis and orthodontics. DentalPro partners with local dentists and provides them with comprehensive practice management support as well as training, which allows the practitioners to focus on providing high-quality care. Today, more than 200 dentists are part of the DentalPro network.

“DentalPro was founded to bring the highest quality and most accessible dental care to patients through modern and convenient clinics,” said Cohen. “As we expand DentalPro’s reach, we remain committed to providing our dentists, clinical staff and employees with the support, services, training and innovative equipment necessary to deliver the highest standard of care. Summit Partners brings tremendous resources and expertise in building businesses across the healthcare services industry and they will be a valuable addition to the local knowledge and insight that VAM will continue to provide. We are truly excited about this partnership.”

“With a focus on innovative and accessible care, DentalPro offers a model of excellence that benefits both patients and dentists,” said Thomas Tarnowski, a Principal with Summit Partners, who joined the DentalPro Board of Directors. “We have been impressed with the company’s development and we are delighted to partner with Michel and the entire DentalPro team as the company adds more dentists to its network and opens new retail locations to serve a wider base of patients and deliver high-quality care in modern facilities across Italy.”

“It has been a terrific experience to partner with Michel and his team, who built DentalPro from a startup into a market leader in under five years. We believe the business is only beginning to prove its full potential,” said Marco Piana, co-founder of VAM Investments, who will remain on the DentalPro Board of Directors. “We now also look forward to collaborating on DentalPro with such a successful global investor as Summit Partners.”

Scott Collins, a Managing Director with Summit Partners who has also joined the Board, added: “Over the past 31 years, Summit has had significant experience in the healthcare sector, especially in the area of clinician-based organizations. DentalPro shares many of the characteristics we’ve seen in other successful businesses including top-tier support and services, and a commitment to delivering the highest quality and accessible care to patients. We appreciate the local expertise of VAM Investments, and we are glad that they are investing significantly in the transaction, a sign of strong commitment to the continued growth of the business.”

About DentalPro
Founded in 2010 by Michel Cohen, Samuele Baruch and Paolo Tonveronachi and headquartered in Milan, DentalPro (DP Group s.r.l.) owns and operates an Italian network of dental clinics that offer a wide range of high-quality dental services from general dentistry to more sophisticated procedures in convenient and modern settings. DentalPro provides top-tier practice management support to dentists, allowing them to focus on delivering care. For more information, visit www.dentalpro.it.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised more than $16 billion in capital. Summit has invested in more than 400 companies in healthcare, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable healthcare companies financed by Summit Partners include American Dental Partners, AmeriPath, HealthCare Partners, Independent Vetcare, Lincare, National Veterinary Associates, MEDNAX, My Dentist and Solutionreach. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About VAM Investments
VAM Investments, founded by Ennio Valerio Boccardi and Marco Piana, is a private equity investment company that has invested its principals’ capital alongside that of selected co-investors since 2011. VAM focuses on growth capital and buyout investments across a broad range of industries, holding majority or significant minority positions in each portfolio company. Other investments include Yalla Yalla, Privategriffe and Genny Mobility. VAM is headquartered in Milan, Italy. For more information, visit www.vaminvestments.com.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Global Provider of Fund Administration Software Acquired by Temenos Group AG

London, UK; Luxembourg; and Geneva, Switzerland – Summit Partners, a global growth equity investor, today announced the sale of Multifonds, a leading global provider of fund administration software, to Temenos Group AG (SIX: TEMN), the market leading provider of mission-critical software to financial institutions, for total cash consideration of €235 million.

Founded in 1995 and headquartered in Luxembourg, Multifonds provides software to financial services institutions globally, predominantly in the third-party fund administration market. The company’s fully integrated platform allows fund administrators to perform key accounting functions such as intra-day valuations and end-of-day NAV calculations as well as to support fund administrators in key investor servicing and transfer agency functions such as investor dealing and shareholder record keeping.

Summit Partners originally invested in Multifonds in 2006, and increased its stake in 2010. During Summit’s investment, Multifonds grew to more than 470 employees in 14 offices around the world. Today, more than $5 trillion in assets across more than 30 global jurisdictions are processed on the Multifonds platform.

“As an entrepreneur and founder, I chose Summit Partners to help me scale and professionalize Multifonds,” said Bertil Rouveure, Executive Chairman of Multifonds. “I am now gratified to see the business carry forward in the future with an industry leader like Temenos.”

Summit Partners Managing Director Scott Collins who served on the Multifonds Board of Directors, commented, “We are delighted to transition Multifonds to Temenos. It has been an honor to work with founder Bertil Rouveure, CEO Oded Weiss, Executive Vice President Keith Hale, and the rest of the excellent management team to build Multifonds into a world-class provider of financial technology to the fund administration industry worldwide. We would like to thank Bertil for his trust and partnership, and Oded, Keith and the rest of the management team for their hard work over the years.”

Bruce Evans, a Boston-based Managing Director with Summit Partners, also served on the Multifonds Board of Directors, while London-based Managing Director Han Sikkens contributed significantly during the course of Summit’s investment.

Multifonds was advised on the transaction by Arma Partners, Taylor Wessing, Loyens & Loeff, and EY.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised more than $16 billion in capital. Summit has invested in more than 400 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable Summit investments in the financial technologies sector include 360 Treasury Systems, Acturis, Clearwater Analytics, FleetCor Technologies, Flow Traders, Hyperion Software, Liquidnet, Ogone and optionsXpress. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About Multifonds
Multifonds, a Temenos company, is the award winning investment software providing fund accounting, portfolio accounting and investor servicing and transfer agency on a single platform. Today more than USD5 trillion in assets for both traditional and alternative funds are processed on Multifonds in more than 30 jurisdictions for the world’s leading global custodians, third-party administrators, insurance companies and asset managers. Multifonds is a member of the FinTech 100 of top global financial services software vendors. For more information, visit www.multifonds.com.

About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and other financial institutions. Headquartered in Geneva with 57 offices worldwide, Temenos software is proven in over 1,600 installations in more than 150 countries across the world. Temenos’ products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ expertise around the globe. Temenos customers are proven to be more profitable than their peers: in the period 2008-2012, Temenos customers enjoyed on average a 32% higher return on assets, a 42% higher return on equity and an 8.1 percentage point lower cost/income ratio than banks running legacy applications.

*In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Healthcare private equity group recognizes Mannion for his long-standing impact in the industry

Chicago, IL—The Healthcare Private Equity Association (HCPEA) has presented Martin J. Mannion with its 2015 Russell L. Carson Award for lifetime achievement in healthcare investing. Marty, Chief Investment Officer and a Managing Director with growth equity investor Summit Partners, was recognized for his 30-year career during which he has led numerous investments in healthcare services companies across North America.HCPEA created the Russell L. Carson Award to honor an individual who has had a long-standing impact in the healthcare private equity industry. The first recipient was Russ Carson himself in 2011. Past honorees include David Beecken of Beecken Petty O’Keefe & Company, Michael Michelson of KKR, and Bryan Cressey of Cressey & Company.

Marty began his career as a systems engineer with IBM Corporation before joining Summit Partners in 1985. Since then, he has served as board director of many companies, including eight public companies. His current board directorships in the healthcare sector include ABILITY Network, CareCentrix and MDVIP. His prior directorships in the healthcare sector include AdvaCare, American Dental Partners, Clinical Pathology Laboratories, Employee Benefit Plans, ImageAmerica, Lincare and Pharmaco Dynamics Research. Marty holds an AB in Economics from Princeton University and an MBA from Harvard Business School.

“Over a 30 year career, Marty has built a stellar reputation as a healthcare investor,” said Craig Frances MD, a HCPEA Officer. “We are indebted to Marty and the prior HCPEA award winners who have served as outstanding role models and mentors.”

“As we were evaluating finalists for this award, many people in the industry credited Marty for helping to pave the way for investments in healthcare, a sector often fraught with reimbursement and regulatory risk,” said HCPEA President, Michael Dal Bello. “During his long career, Marty has served on the boards of many companies that have helped to improve patient outcomes, reduce system costs, and as a result achieve significant growth. In addition, Marty has been a terrific mentor to many professionals at Summit, a firm he helped to build into a great organization. Marty is truly a pioneer, and we are delighted to recognize him.”

About HCPEA
The Healthcare Private Equity Association (HCPEA) is a nonprofit trade association whose mission is to sup¬port the reputation, knowledge and relationships of the healthcare private equity community.

HCPEA’s 50+ members are among the best known, most respected private equity firms, and they employ over 300 investment professionals throughout the United States and Canada. With $400+ billion under manage¬ment, our members represent one of the largest portfolios of privately held healthcare-related businesses encompassing services, products, diagnostics, distribution, pharmaceuticals and IT, among other segments. For more information, visit http://www.hcpea.org.

Source: HCPEA

Summit Partners leads financing round, with participation from Noro-Moseley Partners, to strengthen the company’s position as a leading provider of managed care solutions.

Chantilly, VA and Boston, MA – Advance Health, a leading provider of managed care prospective health assessments and care management solutions, announced that it received a $40 million minority growth equity investment led by Summit Partners, with participation from Noro-Moseley Partners. Advance Health will use the funding to continue product innovation, broaden market awareness, and expand its sales and services capabilities.

Advance Health provides in-home health risk assessments and chronic care management services through its extensive provider network. The company’s combination of proprietary mobile workflow technology and highly experienced, dedicated care providers yields outstanding program results and better outcomes for clients and their health plan members.

“Summit’s deep experience in the healthcare sector will help our team accelerate Advance Health’s long-term business plans, enabling us to capitalize on new market opportunities," said Brian Wise, CEO of Advance Health. “Our goal is to meet the demands of the fast-moving healthcare marketplace by providing clients with innovative health assessment and care management services.”

“Advance Health is a clear leader in the managed care market,” added Mark deLaar of Summit Partners, who has joined the Advance Health Board of Directors. “With its broad geographic reach, exceptional team and innovative technology, Advance Health is delivering the highest level of services available in the marketplace today. We are honored to partner with Brian, Marc and the rest of the management team to support the company’s continued growth.”

Allen Moseley, a General Partner with Noro-Moseley Partners, added, “Advance Health is the first provider to offer complete electronic assessment capture at the point of care through its proprietary iOS iPad and HTML5 application. We’re delighted to partner with Advance Health as they move on to the next generation of quality and care.”

“With our new equity partners, we are even more excited about the future of Advance Health. Our innovative technology and differentiated solution will continue to set us apart in the managed care marketplace,” said Marc Wise, the President of Advance Health.

Advance Health’s clients include many of the country’s largest managed care companies. These entities rely on Advance Health to provide outstanding care and service to their patients.

Advance Health was advised by Bass, Berry & Sims PLC. Summit Partners was advised by Choate Hall & Stewart LLP.

About Advance Health
Founded in 2010 and headquartered in Chantilly, VA, Advance Health is the leading healthcare provider of prospective health risk assessments (“HRAs”). Advance Health offers in-home and facility-based HRAs and chronic care management services for health plans. Advance Health employs a network of full-time Nurse Practitioners to provide its services. The company has developed a proprietary technology platform that providers use at the point of care. To date, the company has completed thousands of assessments for many of the largest Medicare Advantage programs in the United States. Visit Advance Health at www.advancehlth.com to learn more.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised more than $16 billion in capital. Summit has invested in more than 400 companies in healthcare, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable healthcare companies financed by Summit Partners include CareCentrix, HealthCare Partners, Heart to Heart Hospice, Lincare, MDVIP, Mednax and OB Hospitalist Group. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About Noro-Moseley Partners
Noro-Moseley Partners, based in Atlanta, is a venture capital firm focused on early growth stage companies in the healthcare IT and services sectors and information technology sectors. Since 1983, NMP has been a leader in its market, investing more than $650 million in over 175 companies. The managers of NMP’s current fund, Noro-Moseley Partners VII, have more than 60 years collectively of direct venture investing experience and bring a diverse set of skills to assist entrepreneurs in growing their companies. For more information, visit www.noro-moseley.com.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Accretive Acquisition Provides Complementary, Differentiated Technology for Greater Access to High Growth Markets

PLAINVIEW, NY—Veeco Instruments Inc. (Nasdaq:VECO) today announced that it has acquired privately held Solid State Equipment Holdings LLC (“SSEC”), based in Horsham, Pennsylvania. SSEC is a leading innovator in single wafer wet etch, clean and surface preparation equipment targeting high growth segments in advanced packaging, micro-electro-mechanical systems (MEMS) and compound semiconductor.

“SSEC is a highly successful process equipment company that is a great strategic fit with Veeco,” said John R. Peeler, Veeco’s Chairman and Chief Executive Officer. “Their complementary and differentiated ‘soak and spray’ technology delivers single wafer control with the low cost of batch processing. SSEC extends our compound semiconductor and MEMS footprint, and represents a stepping stone to the high-growth advanced packaging market. This is a synergistic transaction that will be immediately accretive and that we expect will drive growth and profitability.”

Demand for higher performance, increased functionality, smaller form factor and lower power consumption in mobile devices, consumer electronics and high performance computing is accelerating advanced packaging technology adoption. Key drivers for this inflection are applications in 3D stacked memory, 3D system-on-chip and MEMS. Increasing shipments in smartphones and wearable electronics with more sophisticated sensing functions further drive growth in the MEMS market. Veeco estimates that its served available markets for advanced packaging, compound semiconductor and MEMS are all growing at double-digit compound annual growth rates.

Herman Itzkowitz, SSEC’s Chief Executive Officer said, “We are excited to join the Veeco team. Veeco is a dynamic market leader in compound semiconductor equipment for LED, power electronics, and wireless devices. Combining resources will enable us to accelerate growth and to pursue market opportunities in advanced packaging and MEMS. In addition, we have significant untapped potential in Asia and Europe, where Veeco’s impressive sales and service network will provide connectivity to key customers.”

About SSEC

SSEC designs and manufacturers wafer processing equipment for compound semiconductor, MEMS, semiconductor advanced packaging, photomask and other applications. SSEC provides customers with leading-edge processes, reliability and value. All SSEC systems are engineered from the inside out and are configurable according to customer process needs and their manufacturing and business objectives. For more information, please visit: http://www.ssecusa.com

Details of the Transaction

Under the terms of the agreement, Veeco has acquired SSEC for a total consideration of approximately $150 million in cash, subject to customary adjustments. Veeco is forecasting SSEC’s revenues to be $65 million in 2015. Given SSEC’s financial performance over the last few years, we expect them to provide earnings before interest, taxes, depreciation, amortization, equity compensation, and other non-recurring items (adjusted EBITDA) of greater than 20% of sales in 2015. The transaction is expected to be significantly accretive to Veeco in fiscal 2015 on a non-GAAP earnings per share basis.

Veeco’s Q4 2014 stand-alone performance is tracking in-line with previously published financial guidance. However, due to SSEC acquisition related accounting, our previously published GAAP and non-GAAP guidance cannot be relied upon.

About Veeco

Veeco’s process equipment solutions enable the manufacture of LEDs, flexible OLED displays, solar cells, power electronics, hard drives, MEMS and wireless chips. We are the market leader in LED, MBE, Ion Beam and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit www.veeco.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2013 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Additional risks specifically associated with this transaction relate to the expected benefits to Veeco from completing the acquisition and the expected financial performance of Veeco following completion of the acquisition. Statements regarding future events are based on the parties' current expectations and are necessarily subject to associated risks related to the potential impact on the business of SSEC due to the acquisition, the retention of employees of SSEC and the ability of Veeco to successfully integrate SSEC’s market opportunities, technology, personnel and operations and to achieve expected benefits. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

Source: Veeco Instruments Inc.

BEDFORD, MA—Progress (NASDAQ: PRGS), announced today that it has completed its acquisition of Telerik AD, a provider of tools and technologies to address the entire application development lifecycle. Through this acquisition, Progress will now provide comprehensive cloud and on-premise platform offerings that enable developers to rapidly create beautiful applications, driven by data for any web, desktop or mobile platform. The acquisition builds on Progress’ strong heritage of enabling developers to rapidly create data-driven, device and platform agnostic applications.

Progress acquired Telerik for an aggregate purchase price of approximately $262.5 million. Progress funded the purchase price from a combination of existing cash resources and a $150 million term loan, which is part of a new $300 million term and revolving credit facility with JPMorgan Chase Bank, N.A. and a syndicate of other lenders. In addition, a portion of the purchase price payable to Telerik’s founders and certain other key employees is payable in restricted stock units, subject to a vesting schedule and continued employment.

Developer-Driven Products

Telerik, which will be known as Telerik: a Progress Company, has been at the forefront of innovation for more than twelve years, enabling developers at more than 450 of the Fortune 500 to deliver best-in-class web, desktop and mobile applications. Customers that deploy Telerik tools and technologies in combination with Progress solutions for development, deployment and integration will benefit from app dev support, at every level—from a clean UI to data integration and cloud services—across .NET, JavaScript, NodeJS, and ABL.

Adding Telerik® products to the Pacific™ Platform as a Service (PaaS) will enable Progress to create a very powerful developer experience, not only by offering tools to build highly customized user interfaces, but also to help relieve the complexity of managing back-end services. Telerik’s cloud-based mobile application development platform, which has been named to the “Visionary” category of Gartner’s Magic Quadrant for Mobile Application Development Platforms, strongly complements Progress’ Rollbase® and Modulus™ product offerings, providing a full lifecycle industry-best mobile application development platform for JavaScript developers.

Progress Further Enhances Visionary Leadership Team

In addition to a synergistic product portfolio, the acquisition combines two talented teams of industry visionaries. Under the leadership of CEO Phil Pead, Progress has appointed several Telerik executives to senior-level positions. Telerik co-CEO and co-founder, Vassil Terziev has become Chief Innovation Officer, and co-CEO and co-founder Svetozar Georgiev has become Senior Vice President of Application Platforms for the Application Development and Deployment business unit. Dimitre Taslakov, Chief Talent Officer for Telerik, will become Chief Talent Officer for the overall Progress business. All three individuals will serve on the company’s executive committee.

Supporting Quotes:

Phil Pead, President and Chief Executive Officer at Progress, said: “Developers have more freedom than ever before. But there are inherent challenges—platform preference, cross functional capabilities, competitive and customer pressure to deliver the most attractive, yet fully-functional apps that work across the myriad devices available today. Through the Telerik acquisition, Progress is easing the development burden by becoming the preferred destination for the entire developer community. In addition to stellar products, including Telerik DevTools, Telerik Platform and Telerik Sitefinity®, Telerik brings with it the people that made Telerik great—those that understand the needs of its community and can keep pace with the highly-diverse and demanding world of application development. The knowledge, spirit and passion that this organization brings to Progress will undoubtedly impact us, our customers and partners in a highly-positive way.”

Vassil Terziev, Chief Innovation Officer at Progress, Co-Founder and formerly Co-CEO at Telerik, said: “Joining the Progress executive management team is the next step in a journey for us that has been nothing short of amazing. We’ve been true partners to more than 130,000 customers for more than twelve years. In our new capacity at Progress, we will be able to leverage this experience in building a high-growth, successful organization and deliver amazing value to our combined customer base."

Leonard Nagel, SVP of Technology and Services at Suncoast Solutions, said: “We are thrilled that Progress and Telerik are joining forces and hope other partners and customer dev teams see the same value and successes that we’ve seen using both company’s industry leading tools. As a healthcare industry solutions provider, it’s life-critical that we provide seamless customer care across lines of business. We’ve used the Progress® OpenEdge® product to build and manage the back-end of our SaaS-based (EHR) Electronic Health Record applications and are also using Telerik’s Kendo® product to bring our application experience to a whole new level for our customers. We look forward to continuing our path to innovation with the combined organization.”

About Progress Software Corporation

Progress Software Corporation (NASDAQ: PRGS) is a global software company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal IT complexity and low total cost of ownership. Progress Software can be reached at www.progress.com or 1-781-280-4000.

About Telerik AD

Telerik empowers its customers to create compelling app experiences across any screen. Its end-to-end platform uniquely combines industry-leading UI tools with cloud services to simplify the entire app development lifecycle. Telerik tools and services can be adopted individually or as a platform and seamlessly integrated with other popular developer solutions. More than 130,000 customers from 60,000 organizations in 94 countries depend on Telerik products, including more than 450 of the Fortune 500®, academic institutions, governments and non-profits. For additional information about Telerik, please visit telerik.com or follow @telerik on Twitter.

Note Regarding Forward-Looking Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Progress Software has identified some of these forward-looking statements with words like “believe,” “may,” “could,” “would,” “might,” “should,”“expect,” “intend,” “plan,” “target,” “anticipate” and “continue,” the negative of these words, other terms of similar meaning or the use of future dates.

These statements are based on our current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual events to differ materially from those described in the forward-looking statements. Reliance should not be placed on any such statements because of their very nature, they are subject to known and unknown risks and uncertainties and can be affected by factors that could cause them to differ materially from those expressed or implied in the forward-looking statements. We can give no assurance that expectations will be attained. Risks, uncertainties and other important factors that could cause actual results to differ from those expressed or implied in the forward looking statements include: the effects of disruption from the transaction making it more difficult to maintain relationships with employees, licensees, other business partners or governmental entities; other business effects, including the effects of industry, economic or political conditions outside of Progress Software's or Telerik’s control; transaction costs; actual or contingent liabilities; uncertainties as to whether anticipated synergies will be realized; and uncertainties as to whether Telerik’s business will be successfully integrated with Progress Software's business. For further information regarding risks and uncertainties associated with Progress Software’s business, please refer to Progress Software’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended November 30, 2013. Progress Software undertakes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

Progress, OpenEdge, Pacific, Rollbase, Modulus, Telerik, Sitefinity, and Kendo are trademarks or registered trademarks of Progress Software Corporation or one of its affiliates or subsidiaries. Any other names contained herein may be trademarks of their respective owners.

Source: Progress

BOSTON—Berkshire Partners LLC, a Boston-based investment firm, today announced that it has acquired a majority interest in Access Information Management, the largest privately-held provider of records and information management services in North America, from Summit Partners. Terms of the transaction were not disclosed.

Access offers a complete suite of storage and related document management services, such as inventory management, digital access solutions, secure destruction and compliance services. Access has a presence in 31 U.S. markets and has a growing international business, serving primarily small and medium-sized enterprises (SMEs) within each of these markets.

Founded in 2004 by a team of experienced industry leaders, Access is recognized as one of the fastest growing and most dynamic companies in the records management industry. Since its founding, Access has grown through a combination of organic growth and a series of complementary acquisitions, which have expanded its presence to new markets and to a broader customer base within existing markets. Access now has an extensive footprint across the United States and a rapidly growing presence in Latin America.

The Access team is led by CEO Rob Alston and President John Chendo, two veterans of the records management industry. The Access team has built a well-respected and highly stable business with a robust pipeline of additional U.S. and international acquisition opportunities.

“We are excited to announce our partnership with Berkshire Partners,” said Rob Alston, Access’ Chief Executive Officer. “This investment will strengthen our ability to expand the company’s geographic reach, enhance our service offering and grow the business in support of client needs.”

Access’ President John Chendo added “Access will continue to search for and identify strategic acquisition opportunities with select records and information management service providers here in the U.S. and internationally, further bolstering our ability to provide premier service to our growing client base.”

“Access is well positioned within the attractive SME market,” said EJ Whelan, Managing Director of Berkshire Partners. “With significant opportunity in the United States as well as Latin America, the company is poised to continue its growth trajectory. We are excited to partner with the team during their next chapter of growth.”

Access has earned a reputation as an innovative company and has been able to attract some of the best team members in the industry. Access is considered a high-quality partner by its clients, a great place to work by its team members, a valuable contributor by the communities in which it operates and a consistent supporter of the records and information management industry and related trade organizations.

Robert W. Baird & Co. served as financial advisor and Weil, Gotshal & Manges LLP acted as legal counsel to Access Information Management. Ropes & Gray LLP served as legal counsel to Berkshire Partners.

About Access Information Management
Access is the largest privately held records and information management (RIM) services provider in North America. A trusted partner to clients spanning multiple industries and markets throughout the country, Access’ complete suite of services includes records storage and document management, data protection (electronic computer media), digital access solutions, secure destruction and compliance services. The valuable business services Access provides allow clients to focus on their core businesses while reducing the costs and risks associated with document retention, management and final disposition. For additional information, visit www.InformationProtected.com.

About Berkshire Partners
Berkshire Partners, the Boston-based investment firm, has invested in over 110 middle market companies since 1986 through eight private equity funds with aggregate capital commitments of over $11 billion. Berkshire has developed specific industry experience in several areas including consumer products and retail, business services, industrials, communications and transportation. Berkshire has a strong history of partnering with management teams to grow the companies in which it invests with the goal of consistently achieving superior investment returns. The firm is currently investing from Berkshire Fund VIII, a $4.5 billion fund raised in 2011. The firm seeks to invest $50 million to $500 million of equity capital in each portfolio company. For additional information, visit www.berkshirepartners.com.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised more than $16 billion in capital. Summit has invested in more than 400 companies in business and financial services, technology, healthcare, and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable business services companies financed by Summit Partners include Bartlett, FleetCor Technologies, LiveOffice and PSC Info Group. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

Source: Access Information Management

LEHI, Utah -- Vivint Solar today announced the pricing of its initial public offering of 20,600,000 shares of common stock at a price to the public of $16.00 per share. In addition, a selling stockholder affiliated with The Blackstone Group L.P. has granted the underwriters a 30-day option to purchase up to an aggregate of an additional 3,090,000 shares. Vivint Solar will not receive any of the proceeds from the sale of shares by the selling stockholder.

Goldman, Sachs & Co., BofA Merrill Lynch and Credit Suisse Securities (USA) LLC are acting as lead book-running managers for the offering. Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Barclays Capital Inc. are acting as book-running managers and Blackstone Capital Markets is acting as a co-manager. Vivint Solar's common stock will trade on the New York Stock Exchange under the symbol "VSLR."

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and declared effective. This offering will be made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from Goldman, Sachs & Co. by mail at 200 West Street, New York, New York 10282, Attention: Prospectus Department, by calling toll-free (866) 471-2526, or by e-mailing prospectus-ny@ny.email.gs.com; from BofA Merrill Lynch by mail at 222 Broadway, New York, New York 10038, Attention: Prospectus Department, by e-mailing dg.prospectus_requests@baml.com; or from Credit Suisse Securities (USA) LLC by mail at One Madison Avenue, New York, New York 10010, Attention: Prospectus Department, by calling toll-free (800) 221-1037 or by emailing newyork.prospectus@credit-suisse.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Vivint SolarFounded in 2011, Vivint Solar is a leading provider of residential solar energy systems in the United States. Vivint Solar designs, installs, and maintains cost-effective solar energy systems. Through a power purchase agreement or solar energy system lease, a homeowner can use the power generated by a solar photovoltaic system and generally realize savings relative to the prevailing electric utility provider rates. For more information, visit www.vivintsolar.com or follow @VivintSolar.

.Source: Vivint Solar

BATH AND LONDON, UK—Growth equity investor Summit Partners today announced a majority investment in Independent Vetcare Holdings Limited, one of the largest private veterinary groups in the United Kingdom. With the backing of Summit Partners, Independent Vetcare (IVC) will continue its rapid expansion in the growing veterinary care sector.

Run by and for vets, IVC was formed in 2011 with the consolidation of several large independent veterinary practices across the United Kingdom. IVC enables local practices to retain their independence while centralizing administrative functions and support services at the group level, allowing vets to focus on delivering high-quality care. With its vet-friendly culture and reputation for clinical excellence, IVC has quickly grown into an organization of approximately 250 vets at more than 100 practices.

“A top priority at IVC is supporting our vets and nurses, enabling them to put patients first and deliver excellent care,” said David Hillier, CEO of IVC. “Summit is committed to working with us to continue promoting our values, and providing the best support and service for our practices as we grow IVC. Along with a strong alignment in philosophies, Summit brings great resources and deep expertise in healthcare. We couldn’t be happier with this partnership.”

“We are delighted to partner with David and the entire IVC team,” said Thomas Tarnowski, a Principal with Summit Partners, who joined IVC’s Board of Directors. “Offering vets the most attractive model in the industry, IVC has tremendous growth potential as increasingly more practice owners seek ways to maintain clinical autonomy, while gaining the benefits of joining a larger organization. We look forward to welcoming many more successful practices and passionate vets to our group.”

Dr. Craig Frances, a Managing Director with Summit Partners, who also joined IVC’s board added, “Over the last three decades, Summit has helped build numerous industry leaders in the healthcare sector. IVC shares many of the same characteristics of these successful businesses, especially its client-centered approach to both clinicians and patients and its focus on delivering high-quality care at an affordable cost. These qualities, combined with the dedication and talent of its employees, positions IVC for continued success.”

About Independent Vetcare Holdings Limited
Independent Vetcare (IVC) was established in 2011, and has grown into one of the largest veterinary services operators in the UK, with more than 100 practices across the country. Led by vets, IVC pools resources, skills and knowledge to ensure the highest level of clinical excellence at an affordable price. When veterinary practices join IVC, they maintain their identity and independence, while receiving the financial and business support of a larger organization. For more information, please visit www.independentvetcare.co.uk.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised more than $16 billion in capital. Summit has invested in more than 400 companies in healthcare, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 150 have been acquired through strategic mergers and sales. Notable healthcare companies financed by Summit Partners include National Veterinary Associates, AmeriPath, HealthCare Partners, Lincare and MEDNAX. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Initial acquisition marks the first step toward building a leading risk and compliance platform

PALO ALTO, CA and BRANCHBURG, NJ—Opus Global (“Opus Global”) today announced it has acquired Hiperos, LLC (“Hiperos”). Hiperos is a recognized global leader in third party management connecting over 300,000 third parties to many of the world’s largest companies across a range of industry verticals including energy, financial services, food, real estate, pharmaceuticals, and technology. Hiperos provides rapidly deployable, highly flexible SaaS-based solutions for a broad range of information management, risk, compliance and performance needs for many of the world’s Global 2000 companies including, Aetna, Alcoa, AON, Arrow Electronics, Astra Zeneca, AXA, Bank of Montreal, CA Technologies, Charles Schwab, Huntington Bank, Kraft Foods, Mondelez, Microsoft, News Corporation, Peabody, PNC Bank, Rockwell Automation, Sun Life Financial, State Street, TD Bank, and United Technologies.

The terms of the transaction were not disclosed.

Opus Global is a company formed in September, 2013, by GTCR, a leading Chicago-based private equity firm, and Doug Bergeron, former CEO of VeriFone. Opus Global plans to invest up to $500 million, with $450 million from GTCR and $50 million from Mr. Bergeron. Mr. Bergeron currently serves as CEO of Opus Global and, in addition, has assumed the role of Executive Chairman of Hiperos. Michele Flynn, founder and current Chairman of Hiperos will assume the role of Vice Chairman of Hiperos and will join the Opus Global Board as a director. Greg Dickinson will continue to serve in his role as CEO of Hiperos, and will also join the Opus Global Board as a director.

Hiperos is the first acquisition for Opus Global. It forms the foundation for Opus Global’s innovative strategy of building, through targeted acquisitions and direct investment, a leading technology platform that integrates solutions to address the increasingly complex compliance requirements and risks faced by companies in every industry, with an expertise in ensuring consistent application of business operations.

Hiperos, founded in 2007 and based in Branchburg, NJ, provides top-tier technology solutions that help companies manage their third party management needs through the Hiperos 3PM™ platform, the industry’s first intelligent SaaS solutions for third party management. Third parties include sub-contractors, channel partners, suppliers, contract manufacturers, distributors, resellers, agents, or brokers who deliver a complex business function or service for a company.

Doug Bergeron commented, “Hiperos is the leading provider of third party management solutions with an impressive client roster that includes some of the largest companies in the world, and possesses a stellar track record of customer growth, retention and satisfaction. We view Hiperos as the cornerstone of our strategy to build the preeminent risk and compliance platform in the world. We see tremendous opportunity globally as increased regulations and corporate risk focus has shifted to all third party exposures, not just suppliers. There is an increased global regulatory imperative on companies from anti-money laundering regulation, the FCPA, FATCA, Dodd-Frank and the UK bribery law, among others. The average Fortune 1000 company manages upwards of 20,000 relationships and the penalties are potentially disastrous.”

Bergeron added, “We are very excited about this platform acquisition and look forward to working with Greg and Michele and their talented management team to build the business by further penetrating existing end markets, exploring geographic and market expansion, and through strategic add-on acquisitions.”

Greg Dickinson added, “We are thrilled to enter into a transaction that will provide Hiperos with the ability to continue its internal growth as well as pursue attractive acquisition opportunities. I am confident this transaction will enable Hiperos to create and deliver even more value to our existing customers as well as secure new customers. Doug’s breadth of experience and strong track record of growing businesses will enable us to build value while creating attractive opportunities for employees. We expect a bright future as part of Opus Global.”

Michele Flynn commented, “We are pleased to join forces with Opus Global and believe this transaction will provide Hiperos with necessary growth capital, while preserving our relentless focus on our customers.”

About Opus Global
Headquartered in Palo Alto, California, Opus Global was created through a $500 million partnership between GTCR, one of the world’s leading private equity firms, and Doug Bergeron, former CEO of VeriFone. Through its direct investments and targeted acquisitions Opus Global seeks to build a leading technology platform that integrates solutions to address the increasingly complex compliance requirements and risks faced by companies in every industry. Opus Global’s mission is to establish itself as a long-term partner capable of delivering significant value to businesses through the aggregation of content, software-based solutions, and related services.

For more information about Opus Global, please visit http://www.opusglobal.com .

About Hiperos
Hiperos is the leader in Third Party Management software connecting over 300,000 third parties to many of the world’s largest companies across a range of industry verticals including energy, financial services, food, real estate, pharmaceuticals, and technology. The company’s flagship product, Hiperos 3PM™, is the only solution in the market that is purpose-built to simultaneously minimize the risks of using third parties while maximizing the value they provide. Implemented by the global 2000 and business consortiums to address their expanding third party management requirements, Hiperos 3PM™ has become the industry’s most widely used SaaS-based solution. The winner of industry awards and accolades for the proven value and low cost of ownership it delivers, Hiperos 3PM™ enables companies to protect their brand and revenues by implementing an automated, consistent approach to third party onboarding, measurement, monitoring and controls, throughout their lifecycle. Hiperos’ clients include many of the world’s leading companies such as Aetna, Alcoa, AON, Arrow Electronics, Astra Zeneca, AXA, Bank of Montreal, CA Technologies, Charles Schwab, Huntington Bank, Kraft Foods, Mondelez, Microsoft, News Corporation, Peabody, PNC Bank, Rockwell Automation, Sun Life Financial, State Street, TD Bank, and United Technologies.

For more information visit http://www.hiperos.com.

Source: Opus Global

Note: The following is an excerpt from the complete press release issued by Fresenius Medical Care.

Fresenius Medical Care disclosed that it has acquired MedSpring Urgent Care Centers, with operations in Illinois and Texas. MedSpring’s 14 urgent care centers provide convenient, consistent, high-quality primary care and customer service every day. [Summit Partners invested in MedSpring Urgent Care in 2011.]

“MedSpring’s commitment to providing primary care to patients where and when they need it most is a critical component of a truly effective 21st century health care network,” said Kuerbitz. “We look forward to working with them to help expand their existing footprint and continue to provide patients with a more complete set of health care options.”

“Every day, our associates succeed in delivering quality, cost-effective care our patients love, and it shows in our satisfaction scores where we receive 4.9 out of 5 stars,” explained Jon Belsher, M.D., MedSpring’s Chief Medical Officer. “We are excited about the potential to continue to improve patient care as part of the broader Fresenius Medical Care network.”

About Fresenius Medical Care
Fresenius Medical Care is the world's largest integrated provider of products and services for individuals undergoing dialysis because of chronic kidney failure, a condition that affects more than 2.5 million individuals worldwide. Through its network of 3,263 dialysis clinics in North America, Europe, Latin America, Asia-Pacific and Africa, Fresenius Medical Care provides dialysis treatments for 270,570 patients around the globe. Fresenius Medical Care is also the world's leading provider of dialysis products such as hemodialysis machines, dialyzers and related disposable products.

Disclaimer
This release contains forward-looking statements that are subject to various risks and uncertainties. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including changes in business, economic and competitive conditions, regulatory reforms, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. These and other risks and uncertainties are detailed in Fresenius Medical Care AG & Co. KGaA's reports filed with the U.S. Securities and Exchange Commission. Fresenius Medical Care AG & Co. KGaA does not undertake any responsibility to update the forward-looking statements in this release.

Source: Fresenius Medical Care

BOCA RATON, FL—MDVIP announced today that Bret Jorgensen, the veteran healthcare innovator and former CEO of MDVIP, has been named Executive Chairman of the Board of the leading personalized healthcare network. With more than 25 years of experience in business operations and technology-enabled health services and a proven track record in fundraising, execution and value creation, Mr. Jorgensen returns to help guide and expand the company following its previously announced acquisition by growth equity investor Summit Partners from Procter & Gamble Company. Mr. Jorgensen begins his new role immediately.

"We are pleased to announce the completion of this transaction and the appointment of Bret Jorgensen as Executive Chairman,” said Mark deLaar, Managing Director of Summit Partners. “This signifies an exciting new chapter for MDVIP which has emerged as a clear leader in a dynamic healthcare environment. We feel very fortunate to have Bret’s involvement and visionary leadership, and we look forward to expanding the company’s capabilities in this unique space.”

Mr. Jorgensen had been MDVIP’s CEO during a remarkable growth phase, culminating in its 2009 acquisition by P&G. He remained involved in MDVIP, serving on the Board of Directors under P&G. In May, Summit Partners announced its acquisition of MDVIP from P&G for an undisclosed sum. Mr. Jorgensen also participated in the purchase as a minority investor.

“I am looking forward to working with MDVIP’s outstanding leadership team and I’m incredibly proud of our physicians’ proven results in delivering better patient outcomes and cost savings to the healthcare system,” Mr. Jorgensen said. “Together, we’ll pursue exciting new areas of opportunity that will strengthen and advance our industry-leading model even further.”

Founded in 2000, MDVIP is the country’s largest network of affiliated physicians who practice personalized preventive healthcare. The company serves more than 700 MDVIP-affiliated primary care physicians with more than 200,000 patients nationally. MDVIP offers physicians and members an alternative to the traditional primary healthcare delivery model by enabling members to have an enhanced relationship with their primary care physician. MDVIP’s approach to primary care places the emphasis on “wellness” care, not just “sick” care.

Mr. Jorgensen is a well-known and highly successful healthcare executive. He has served as a board member or advisor to numerous public and private healthcare companies and is currently Chairman of Crossover Health, which provides technology enabled health services to large self-insured employers. Recently Mr. Jorgensen brought his entrepreneurial skills and guidance as Chairman to Diversinet, a leader in secure mobile health. He also served as an advisor to Qualcomm Life (mHealth) as they created their mobile health platform. He had been CEO of InSight Health, a $300 million diagnostic imaging business, and previously held the same post with Directfit, the IT services company he sold to TEKsystems. Before that, he co-founded, led TheraTx Health Services, a publicly traded company with 240 clinics and 5,000 employees, from inception until its sale for $550 million. The company had been recognized as the second fastest-growing public company by Inc. magazine and Mr. Jorgensen received the “Entrepreneur of the Year” Award in Healthcare.

“The executive leadership team is delighted to have someone with Bret’s knowledge and credentials chairing the board and bringing his depth of experience to MDVIP,” CEO Dan Hecht said. “Truth is, he never left, and his return to more active involvement will lead to a hands-on presence that will stimulate significant innovation and results for the organization and our MDVIP physicians and member patients.”

Mr. Jorgensen is currently on the Board of Kravis Leadership Institute and has served on the board of several other non-profits. He is Chairman Emeritus of the Young Presidents’ Organization (YPO) of San Diego and an active member of YPO/WPO.

About MDVIP

MDVIP is the national leader in affordable personalized healthcare. With prevention at the center of its program, MDVIP has proven that its carefully chosen affiliated physicians provide exceptional care and achieve exceptional outcomes. These results published in peer-reviewed medical journals include lower hospitalization rates which yield significant cost savings to patients, employers and the healthcare system. MDVIP-affiliated physicians limit their practices to no more than 600 patients in order to provide a customized wellness and preventive care program. There are currently over 700 MDVIP-affiliated physicians serving over 200,000 patients throughout the country. MDVIP, Inc. was founded in 2000 and is headquartered in Boca Raton, Florida. For more information, visit www.MDVIP.com, www.facebook.com/MDVIP, @mdvip on Twitter or http://www.mdvip.com/press.

About Summit Partners

Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital. Summit has invested in more than 385 companies in technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 140 have been acquired through strategic mergers and sales. Notable healthcare companies financed by Summit Partners include AmeriPath, HealthCare Partners, Lincare and MEDNAX. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

VANCOUVER, British Columbia and SAN JOSE, California—Visier, an innovation leader in workforce analytics and planning, announced today that it has closed $25.5 million in series C financing. Visier—which more than tripled its revenue growth in 2013 and continues to grow at the same rate in 2014—will use the new capital to broaden adoption of its Applied Big Data solutions within the Human Resources (HR) market and penetrate new growth areas.

"Visier is at the front of a major shift in how people use data in their organizations. We founded Visier to reinvent analytics, and provide leaders enterprise-wide with a more efficient, cost effective, and intuitive way to gain insights into and make decisions about their business," says John Schwarz, Founder and CEO of Visier. "With this additional capital, we will go deeper and broader with our mission: enable business professionals to access data, visualize information, and make fact-based, strategic decisions—without any costly infrastructure investments or highly specialized technical skillsets."

The latest funding round—which brings the company's total financing to date to $49.5 million—is led by Adams Street Partners and includes participation from repeat investors Foundation Capital and Summit Partners. The majority of the capital ($24 million) was generated by investors, with the remaining funds ($1.5 million) secured from friends and family.

"Applied Big Data is the future of enterprise operations. There is a tremendous opportunity for Visier—with its solid leadership team and unique combination of technological prowess and knowledge of industry best practices—to fundamentally change the way organizations ask and answer business questions," says Mike Zappert, Principal, Adams Street Partners, who joins the Visier Board of Directors.

With Visier's cloud solutions, organizations can leverage data from unlimited sources to predict how workforce behaviors (such as future employee recruitment, promotion, and turnover patterns) will change, and use this insight to create, analyze, and collaborate on plans to optimize the workforce.

Powered by a multi-dimensional, in-memory analytics engine, Visier processes data 250,000 times faster than traditional BI technology. Visier delivers Applied Big Data solutions through the cloud that are up and running in four to eight weeks—a timeframe otherwise unheard of in the Business Intelligence industry.

Over the past year, the company has released two new product offerings (Visier Workforce Planning and Visier Workforce Benchmarking) and doubled its customer count. The company also nearly doubled the size of its workforce, opened a new headquarters in San Jose, and relocated its Vancouver headquarters to a new, larger facility. Over the last two quarters, company contract wins have included Exelon, McGraw Hill Financial, Time Inc., Baker Hughes, NetApp, and USG Corporation.

"We chose to partner with Visier because we believe it is reinventing the way analytics are done -- providing an out-of-the-box cloud solution that brings together data from all sources. For over a century USG has been a leader in producing innovative products that build the environments in which we live, work and play -- enabled by our world-class workforce. We are excited about the opportunity Visier gives us to gain new insights and make fact-based decisions about our workforce and impact our business results," says Brian Cook, Senior Vice President, Human Resources and Corporate Communications at USG Corporation.

Visier recently announced the appointment of Adam Binnie, who was previously Senior Vice President, Emerging Products at SAP, as its head of New Markets and Innovation. Visier also recently added Aon Hewitt to its roster of HR leader partners, which includes Cornerstone on Demand and Silkroad.

About Visier
Headquartered in Vancouver, B.C. and San Jose, CA., Visier delivers workforce analytics and planning solutions in the cloud, designed to empower teams with the insights they need to better see, understand, and make decisions about their business. Visier achieves this by delivering intuitive analytics and planning solutions, built to answer key business questions, predict future events, and optimize operational efficiency. Founded by business intelligence experts-including former Business Objects chief executive officer, John Schwarz-the company's leadership team has a proven track record of technical, operational, and strategic management success with companies such as IBM, SAP, and Oracle. With more than two million customer employee records in the cloud and counting, Visier is experiencing significant growth.

About Adams Street Partners
Adams Street Partners is an independent, employee-owned private equity firm that manages over $25 billion of committed capital for institutional investors. The firm has offices in Chicago, Menlo Park, London, Beijing and Singapore. Adams Street was a pioneer in the development of the private equity secondary market, closing its first secondary transaction in 1986. The dedicated secondary investment team of professionals in London, Singapore and Chicago executes a selective, global investment strategy following a theme-based approach that leads to targeting specific funds. Adams Street Partners is widely recognized as the oldest fund of funds manager in the industry, establishing its first such fund for institutional investors in 1979. For more information, please visit www.adamsstreetpartners.com.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital. Summit has invested in more than 385 companies in technology, healthcare, and other growth sectors. These companies have completed more than 130 public offerings, and more than 140 have been acquired through strategic mergers and sales. Notable investments in the software sector include Clearwater Analytics, GoldenGate Software, Hyperion Software, McAfee, Postini, ProClarity, RightNow Technologies and Unica. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

About Foundation Capital
Foundation Capital is dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. Foundation Capital has helped companies like Atheros create the mobile Internet, EnerNOC invent the energy demand response market, and Netflix revolutionize media distribution and consumption, among many others. Foundation Capital is currently invested in more than 80 high-growth ventures in the areas of consumer, information technology, software, semiconductors, and clean technology including BoardVantage, Chegg, Coverity, Lending Club, MobileIron, Simply Hired, Sunrun, TubeMogul and Venafi. Foundation Capital's nineteen IPOs include Control4, Envestnet, Financial Engines, Netflix, NetZero, Responsys and Silver Spring Networks. For more information, visit www.foundationcapital.com.

Source: Visier

SANTA CLARA, CALIFORNIA--Arista Networks, Inc. (NYSE:ANET) today announced the pricing of its initial public offering of 5,250,000 shares of its common stock at a price to the public of $43.00 per share. In addition, Arista has granted the underwriters a 30-day option to purchase up to 787,500 additional shares of common stock at the initial public offering price to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on June 6, 2014 under the symbol “ANET.”

Morgan Stanley, Citigroup, BofA Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank Securities and RBC Capital Markets are acting as joint book-running managers for the offering. Wells Fargo Securities, Cowen and Company, JMP Securities, Needham & Company, Oppenheimer & Co., Pacific Crest Securities, Stifel, The Juda Group and William Blair are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or from Citigroup Global Markets Inc., 1115 Long Island Avenue, Edgewood, NY 11717.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Source: Arista Networks

Investors Back Unique Approach Used by Financial Institutions and Internet Companies to Address Digital Assets being used to Attack Customers

SAN FRANCISCO—RiskIQ, the company that detects online threats to a brand’s customers, today announced a $25 million series B round of financing led by Battery Ventures and supported by existing investor Summit Partners. RiskIQ helps companies prevent attackers from exploiting their web sites, mobile apps and advertising networks to distribute malware and commit fraud. The company also announced that Michael Brown of Battery Ventures has joined its Board of Directors.

“RiskIQ has developed an innovative solution that allows companies to police their digital assets – web, mobile and advertising – against threats that can do harm to their customers, and ultimately their brands,” said Michael Brown, General Partner, Battery Ventures. “We were very impressed with RiskIQ’ s technology, team and vision for addressing a problem that is big and just getting bigger.”

More than 100 companies, including eight of the 10 largest financial institutions in the U.S. and five of the nine leading Internet companies in the world, rely on RiskIQ to continuously monitor web and mobile assets for malware, malicious apps and brand infringements. The RiskIQ service combines cloud based intelligence and analytics with a worldwide proxy network and software that emulates real users to expose malware on websites, in mobile apps and advertisements. Most malware can recognize and evade typical web crawler technology. Using RiskIQ, companies can detect and take down website resident malware, malvertisements and malicious and copycat mobile apps to protect customers from attack and fraud.

“Criminals are exploiting the trust that customers have in the brands they do business with online,” said Elias Manousos, CEO of RiskIQ. “Companies are recognizing this and looking for ways to protect their digital assets from being used to launch attacks against users. We knew this was going to be a big problem when we started RiskIQ several years ago. This new investment will help us take full advantage of this rapidly growing market opportunity.”

RiskIQ will use the funds to enhance research and development, expand outside the U.S. and invest in sales and marketing to grow market share in key sectors: insurance, ecommerce, media and consumer packaged goods.

“RiskIQ’s technology provides enterprise security professionals with a ‘searchlight’ to increase visibility and reduce risk for both the enterprise and its customers,” said Andy Collins, a Principal at Summit Partners. “We believe the company’s innovative approach to web and mobile app security is well positioned to lead this high-growth market, and we look forward to continuing our work with management in RiskIQ’s rapid expansion.”

About RiskIQ
RiskIQ detects online threats that exploit customers and damage enterprise brands. The company discovers and continuously analyzes web and mobile assets from the user perspective to detect malware, fraud and brand infringements. RiskIQ is used by leading financial institutions and Internet companies to protect their web assets and customers from security threats and fraud. RiskIQ is headquartered in San Francisco and is backed by Battery Ventures and Summit Partners. To learn more about RiskIQ, visit www.riskiq.com .

SOURCE: RiskIQ

MINNEAPOLIS, MN—ABILITY Network Inc., a leading healthcare technology company, said today that the previously announced transaction with Summit Partners, a global growth equity investor, has been closed. In the transaction, ABILITY received a $550 million strategic investment, led by Summit and joined by other capital partners.

The recapitalization represents a major commitment by Summit Partners to the ongoing growth of ABILITY. This investment comes three years after ABILITY Network received a $27 million capital investment from Lemhi Ventures and Bain Capital Ventures. Bain will continue as an investor partner in ABILITY.

ABILITY Network has been a national leader for over a decade in providing innovative, web-based workflow solutions that simplify clinical and administrative tasks for acute and post-acute healthcare providers. Over 55,000 providers use the myABILITY platform daily to help them manage their administrative and clinical processes.

About ABILITY Network
ABILITY® Network Inc. is a leading healthcare technology company trusted by thousands of hospitals, home health care agencies, hospices, skilled nursing facilities, DME and other healthcare providers throughout the U.S. ABILITY provides a broad suite of innovative workflow tools to help manage the administrative complexities of healthcare. ABILITY is headquartered in Minneapolis, with anchor offices in Boston and Tampa, and satellite offices across the country.

About Summit Partners
Summit Partners provides growth equity to exceptional entrepreneurs and management teams. Founded in 1984, the firm has raised nearly $15 billion in capital and provides equity and fixed income for growth, recapitalizations and management buyouts. Summit has invested in more than 385 companies in technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 140 have been acquired through strategic mergers and sales. Notable healthcare and technology companies financed by Summit Partners include HealthCare Partners, Mednax, Lincare, Modernizing Medicine, Solutionreach, Coms Interactive, RightNow Technologies, Wildfire, and AvePoint. Summit maintains offices in North America and Europe, and invests in companies around the world.

Source: ABILITY Network

Summit Partners leads financing round, with participation by Noro-Moseley Partners and Harbert Venture Partners investment, to strengthen company's position as leader in the population health management market

Atlanta, GA and Boston, MA—Wellcentive, a leading provider of population health management SaaS solutions to health organizations, announced today that it has received a growth capital minority investment from three leading equity firms. The financing was led by Summit Partners and included participation from Wellcentive's two founding investors, Noro-Moseley Partners and Harbert Management Partners. Wellcentive will use the funding to continue product innovation, broaden market awareness and thought leadership, and expand its sales and transformational services capabilities.

Since 2005, Wellcentive has focused exclusively on delivering physician-facing, population health management, data analytics solutions and services that enable physicians, health systems and payers to better manage the care they deliver. Specifically, Wellcentive’s cloud-based and highly scalable Advance™ solution provides industry-leading point of care workflow, care gap analysis, automated patient outreach, outcomes reporting, predictive modeling and risk assessment, care management and coordination, and cost and utilization management capabilities.

"Wellcentive has a history of delivering success and insight through value-based population health management, and partnering with our customers to support the transition to value-based care delivery," said Tom Zajac, CEO of Wellcentive. "Our new partnership with Summit Partners, and the funding provided by our initial investors, will allow us to accelerate delivery excellence, actionable innovation, and customer success."

“We are very enthusiastic to partner with Tom and the management team, as well as the founding investors, Noro-Moseley and Harbert, to support the continued growth and expansion of Wellcentive," said Mark deLaar, a Managing Director with Summit Partners who is joining Wellcentive’s Board of Directors. "Wellcentive has already demonstrated real value for existing customers in the rapidly expanding population health management market. We believe the company’s comprehensive solution will continue to drive significant business growth, innovation, and industry leadership.”

Thousands of providers and their organizations use Wellcentive solutions to deliver quality, cost-effective care for tens of millions of patients. Wellcentive’s clients include some of the most prestigious health systems, physician organizations, health information exchanges, professional organizations and employer groups, including CHRISTUS Health, Columbia Physicians, Lakeshore Medical Network, and Borgess Health.

About Wellcentive

Built from the ground up to help customers improve clinical, financial and human outcomes, Wellcentive’s population health management solution is cloud-based, scalable, and customized to meet the needs of providers, health organizations, and payers. Recognized in 2013 by both KLAS and Chilmark, Wellcentive provides the technology, insight and services that care teams need in order to measure and report performance, and the education that leadership needs to find the most-profitable path from volume to value. Today, Wellcentive aggregates data from more than 2,500 interfaces, and its solutions improve outcomes for over 23 million lives. Visit Wellcentive at www.wellcentive.com or call 877-295-0886 to learn more.

About Summit Partners

Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital. Summit has invested in more than 385 companies in technology, healthcare, and other growth sectors. These companies have completed more than 130 public offerings, and more than 140 have been acquired through strategic mergers and sales. Notable software companies backed by Summit Partners include AvePoint, GoldenGate Software, Hyperion Solutions, McAfee Associates, NetWitness, OPNET Technologies, Postini, RightNow Technologies, Unica, WebEx Communications and Wildfire Interactive. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.comor follow on Twitter at @SummitPartners.

About Noro-Moseley Partners

Noro-Moseley Partners, based in Atlanta, is a venture capital firm focused on early and early growth stage companies in the healthcare and information technology sectors. Since 1983, NMP has been a leader in its market, investing more than $650 million in over 175 companies. The managers of NMP’s current fund, Noro-Moseley Partners VII, have more than 60 years collectively of direct venture investing experience and bring a diverse set of skills to assist entrepreneurs in growing their companies.

About Harbert Venture Partners

Harbert Venture Partners (“HVP”) is an emerging growth stage investor in technology and healthcare companies in the Mid-Atlantic and Southeastern United States. HVP manages approximately $200 million in capital commitments and is currently actively investing Harbert Venture Partners III. Active HVP portfolio companies include Clarabridge, Clinipace, ControlScan, IngagePatient, Invincea, Kaleo, MobilePosse, nContact, Netsertive, OpenQ, PeopleMatter, Racemi, Wellcentive and WiserTogether.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC 388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

ATLANTA,GA and DRAPER, UT—Aaron's, Inc. (NYSE:AAN) the leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced that it has acquired Progressive Finance Holdings, LLC ("Progressive"), a merchandise lease-to-own company from Summit Partners, in an all-cash transaction valued at approximately $700 million. Aaron's expects the transaction to be double digit accretive to cash earnings per share in 2014 and significantly more accretive in 2015.

Through this acquisition, Aaron's gains an important entry point into the rapidly-growing virtual rent-to-own ("RTO") market and will operate Progressive as a wholly-owned subsidiary of Aaron's. John Robinson, Progressive's Chief Executive Officer, will join the Aaron's executive leadership team as Executive Vice President and CEO of Progressive, reporting directly to Ronald W. Allen, Chief Executive Officer of Aaron's.

"This is a highly complementary and transformative acquisition for Aaron's, and we are eager to capture the significant opportunities this combination will provide for our customers, franchisees, and shareholders," said Allen. "Aaron's remains firmly committed to our goals of providing quality, affordable merchandise and earning high customer satisfaction by offering favorable lease terms and outstanding customer support. We expect that with Progressive's best-in-class virtual customer payment capabilities, coupled with our industry leading traditional lease-to-own model, we will create an omni-channel business, providing customers with better payment options, and enhancing Aaron's competitive position. In addition, we have a very high regard for John Robinson and the entire Progressive management team, and look forward to welcoming them to Aaron's."

Allen continued, "Today's announcement is the culmination of discussions that began in May of last year, and is consistent with the views we have heard from the investment community. The transaction is expected to create an immediately profitable additional revenue stream. We are confident that with Progressive we will be able to accelerate profitable growth in order to deliver increasing returns to Aaron's shareholders."

Founded in 1999, Progressive has grown to become the leading provider of virtual lease-to-own programs in the U.S. Progressive offers point-of-sale lease and purchase programs to customers who do not qualify for traditional, FICO-based financing. Progressive's scalable software product provides easy to use, automated lease processing, eliminating the need for specialist in-store personnel. Progressive currently serves 5,500 retail partners with approximately 15,000 locations, including 40 of the top 100 and eight of the top 20 U.S. furniture and bedding retailers. Select merchant partners include Mattress Firm, Big Lots, Art Van Furniture and Sleepy's. Progressive is the preferred lease provider to the U.S. prepaid wireless industry and also partners with leading U.S. consumer electronics, appliance and jewelry retailers. Maintaining Progressive's existing relationships and business arrangements with its retail partners will be a top priority for Aaron's.

"We are extremely excited to join the Aaron's team and bring Progressive's unique lease purchase programs and customer-friendly interface to Aaron's customers," said John Robinson. "In Aaron's, we have found an ideal partner that will support our strategic initiatives and existing operations, including continuing to provide our retail partners with the customer services they have come to expect from Progressive. We have already begun to work with the Aaron's team to ensure a smooth transition and we look forward to the exciting new growth opportunities we will have as part of the Aaron's platform."

Strategic and Financial Benefits

• Market Leading Technology: Progressive's proprietary decision engine technology will enable Aaron's to offer solutions to customers underserved by traditional retailers, and provide a faster, more robust and seamless customer experience. The Progressive model brings Aaron's a strong point-of-sale offering at highly attractive retail partners. This eliminates the need for program-specific, in-store staffing, lowering integration and training costs and allowing Aaron's to compete aggressively with staffed kiosk models.
• Accelerated Growth Opportunity: With Progressive's strong retail relationships, Aaron's reach will now extend to consumer segments in the virtual rent-to-own market as well as those outside its traditional customer base. Aaron's expects this additional sales channel to create a significant incremental revenue opportunity for the Company, driving overall growth and substantially improving earnings and operating cash flow.
• Expanded Customer Base: Aaron's expects that the combination with Progressive will provide significant opportunities for further growth. These opportunities include the addition of Progressive's customer enrollment software and automated collections capabilities within Aaron's existing business, call center consolidation and utilizing Aaron's locations as a reverse logistics solution for Progressive. Further, Progressive will enable end-to-end online transaction capability which will allow Aaron's to attract a growing younger customer segment. In addition, by leveraging Aaron's footprint, as well as Progressive's scalable technology, Aaron's expects to generate meaningful operational synergies.
• Substantial Benefits for Aaron's Franchisees: By partnering with Aaron's and its more than 2,130 locations, Progressive will be able to expand its customer base into the unbanked market. These unbanked customers will be able to visit Aaron's stores to make cash payments, driving incremental foot traffic into Aaron's company-operated and franchisee stores. Further, Aaron's expects Progressive's payment program to enhance its relationship with customers by providing additional purchase options, flexibility and a seamless transaction.
• Further Strengthens Aaron's Management Team: Progressive's highly-respected leadership team will bring to Aaron's valuable technology and business process acumen, and an impressive track record of capturing growth in the virtual RTO market. It is expected that Progressive's current executive leadership team, led by John Robinson, along with Ryan Woodley, Chief Financial Officer and Chief Operating Officer; Curt Doman, Chief Technology Officer; Blake Wakefield, SVP Sales and Marketing; and Frank Laura, Chief Information Officer, will continue to serve in their current capacities as part of Aaron's.
  
  

Aaron's expects the transaction to be double-digit accretive to cash earnings per share in the current fiscal year and significantly more accretive to cash earnings per share in 2015.

The transaction was financed through a combination of $200 million cash-on-hand, a $126 million senior debt facility, $300 million in private placement notes, and a revolving credit facility draw. The transaction was signed and closed simultaneously.

Conference Call
Aaron's and Progressive will hold a conference call to discuss the transaction on Tuesday, April 15, 2014, at 8:30 a.m. Eastern Time. The public is invited to listen to the conference call by webcast accessible through the Aaron's website, www.aaronsinc.com, in the "Investor Relations" section. The webcast will be archived for playback at that same site.

Advisors
Stephens Inc. is serving as financial advisor to Aaron's in connection with the acquisition of Progressive and is providing a fairness opinion, and Houlihan Lokey Financial Advisors, Inc. rendered a fairness opinion to the Board of Directors of Aaron's in connection with the acquisition of Progressive. Kilpatrick Townsend & Stockton LLP is serving as legal advisor to Aaron's in connection with the acquisition of Progressive. The Blackstone Group and Goldman, Sachs & Co. are serving as financial advisors to Aaron's in connection with its review of opportunities to enhance long-term value for shareholders. Wunderlich Securities is serving as lead financial advisor and Kirkland & Ellis LLP is serving as legal advisor to Progressive. BMO Capital Markets is also serving as financial advisor to Progressive.

About Aaron's, Inc.
Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, has more than 2,130 Company-operated and franchised stores in 48 states and Canada. Founded in 1955 by entrepreneur and Chairman Emeritus R. Charles Loudermilk, Sr. and headquartered in Atlanta, Aaron's has been publicly traded since 1982. For more information, visit www.aarons.com. Aaron's, Inc. includes the Aarons.com and ShopHomeSmart.com brands.

About Progressive
Progressive is a provider of web-based lease-to-own financing programs for retailers. The company currently services more than 5,500 retailers across the United States.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital. Summit has invested in more than 385 companies in financial technology, software, healthcare, and other growth sectors. These companies have completed more than 130 public offerings, and more than 140 have been acquired through strategic mergers and sales. Notable financial technology and payment companies backed by Summit Partners include Acturis, Clearwater Analytics, FleetCor, Flow Traders, Ogone, optionsXpress and Sun Trading. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron's, Inc.'s business that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of words such as "expect," "anticipate," "believe," "estimate," "potential," "should" or similar words. Examples of such statements include expectations regarding accretion to earnings, increased revenues, returns to shareholders, expansion of customer base and the other expected strategic and financial benefits of the acquisition. These statements are based on current expectations, forecasts and assumptions of Aaron's that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include: changes in general economic conditions; the impact of competition; the impact of litigation; changes to customer demand; Aaron's ability to maintain customer privacy and information security; the cost and time required of Aaron's management and employees and general disruption to Aaron's operations associated with responding to any potential proxy contest; the ability to achieve expected synergies and operating efficiencies from the acquisition; the ability to successfully integrate Progressive's operations; such integration may be more difficult, time-consuming or costly than expected; revenues following the acquisition may be lower than expected; operating costs, customer loss and business disruption may be greater than expected following the acquisition; the retention of certain key employees at Progressive; the amount of the costs, fees, expenses and charges related to the acquisition; and the risks and uncertainties discussed under "Risk Factors" in Aaron's Annual Report on Form 10-K for the fiscal year ended December 31, 2013. Aaron's assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Additional Information and Where To Find It
This communication may be deemed to be solicitation material in connection with the Company's 2014 Annual Meeting of Shareholders. The Company will be filing documents with the U.S. Securities and Exchange Commission (the "SEC") in connection with the 2014 Annual Meeting of Shareholders, including the filing by the Company of a proxy statement. Shareholders are urged to read the COMPANY'S Proxy Statement AND ACCOMPANYING PROXY CARD for the 2014 Annual Meeting of shareholders when it becomes available, as well as other documents filed with the SEC, because they will contain important information. Shareholders may obtain these documents (when they are available) free of charge at the SEC's website, http://www.sec.gov, and at the Investor Relations section of the Company's website, http://www.aarons.com. The final Proxy Statement for the 2014 Annual Meeting of Shareholders will be mailed to shareholders of the Company.

Participants in Solicitation
The Company and its directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Company's 2014 Annual Meeting of Shareholders. Information concerning such participants and their direct or indirect interests, including their beneficial ownership in the Company, is available in the Company's Proxy Statement for the 2013 Annual Meeting of Shareholders filed with the SEC on April 8, 2013, and will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the 2014 Annual Meeting of Shareholders when it becomes available. Information regarding the direct and indirect beneficial ownership of the Company's directors and executive officers in the Company's securities is also included in their respective SEC filings on Forms 3, 4 and 5. Shareholders are advised to read the Company's Proxy Statement for the 2014 Annual Meeting of Shareholders and other relevant documents when they become available, because they will contain important information. You can obtain free copies of these documents from the Company as described above.

SOURCE: Aaron's, Inc.

Burlington, MA and Boston, MA – NetBrain Technologies, which provides software used by network engineers to map, analyze and troubleshoot enterprise and service provider networks, today announced that it has received a minority investment from Summit Partners. NetBrain will use the funding to drive rapid market penetration, continued product innovation and other business development activities.

Founded in 2004, NetBrain products empower network professionals with real-time data visualization, automated network documentation and computer-aided troubleshooting capabilities. Engineers use NetBrain to make better decisions about their networks. Compatible with a wide range of network devices, NetBrain’s software offers an intuitive way to visualize performance and an easy mechanism to carry out important functions such as developing accurate network diagrams, tracking network changes and visually troubleshooting any network issue.

Hundreds of enterprises – including many Fortune 500 companies as well as governmental and not-for-profit institutions – rely on NetBrain’s software to accelerate network troubleshooting and prevent outages.

“NetBrain’s pioneering approach to network automation represents disruptive changes that customers are seeking in the network management industry. Partnering with Summit enables us go even faster and leverage our first-mover advantage,” said Lingping Gao, Founder and CEO of NetBrain. “Many respected investors expressed interests in NetBrain, and we chose Summit Partners for its breadth of experience in backing large-scale technology businesses.”

“NetBrain has grown rapidly with an impressive customer base because the company is uniquely positioned to address the unsolved challenges around network automation and management, particularly with the advent of virtualized and software-defined networks,” said Tom Jennings, a Managing Director with Summit Partners who is joining NetBrain’s Board of Directors.

About NetBrain Technologies
Founded in 2004, NetBrain Technologies is the provider of the first map-driven network automation solution. Hundreds of enterprises rely on NetBrain’s unique map-driven automation software to accelerate troubleshooting and prevent network outages. NetBrain is headquartered in Burlington, Massachusetts, with offices in New York, New York, Sacramento, California and Beijing, China. For additional information about NetBrain, please visit www.netbraintech.com. or follow @NetBrainTechies on Twitter.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital. Summit has invested in more than 385 companies in technology, healthcare, and other growth sectors. These companies have completed more than 130 public offerings, and more than 140 have been acquired through strategic mergers and sales. Notable software companies backed by Summit Partners include AvePoint, GoldenGate Software, Hyperion Solutions, McAfee Associates, NetWitness, OPNET Technologies, RightNow Technologies, Unica and WebEx Communications. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com.or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners (UK) Advisory LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners (UK) Advisory LLP is a limited liability partnership registered in England and Wales with registered number OC 388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

MINNEAPOLIS, MN—HelpSystems, a leading provider of systems management, security, and business intelligence software, today announced it has completed the acquisition of Network Automation Inc. (NAI) and its award-winning automation software platform, AutoMate. With this acquisition, HelpSystems offers one of the industry's most comprehensive IT and business process automation portfolios with virtual and cloud-based technology, as well as a broad set of application integrations.

For current HelpSystems customers, the AutoMate platform offers an intuitive drag-and-drop interface for non-programmers to manage cohesive, executable workflows across disparate applications and technologies.

"AutoMate's unique blend of intelligent technology, application integration, and ease of use helps us move our job scheduling offerings into the business process automation space," said Janet Dryer, CEO of HelpSystems. "In turn, we plan to invest in the enhancement of AutoMate’s functionality and integration with current HelpSystems products."

AutoMate customers will also benefit from HelpSystems' broad portfolio of systems management solutions, and the company's focus on customer satisfaction through world-class service and support.

"Network Automation experienced its best year in 2013 with a growth rate of over 20 percent," said Dustin Snell, CEO and Founder of Network Automation, Inc. "Now, with the resources and support of an organization like HelpSystems, the AutoMate platform can continue to lead the industry and become a global provider in the automation software space."

HelpSystems has a rich history of aggressive growth through acquisitions. With the acquisition of NAI—one of the fastest growing privately held automation software companies in the U.S.—HelpSystems now has a global customer base totaling over 9,000 organizations.

About HelpSystems
HelpSystems, LLC is a leading provider of systems and network management, security and compliance, and business intelligence solutions. HelpSystems software reduces data center costs by improving operational control and delivery of IT services. Founded in 1982, the company has 14 offices worldwide and more than 9,000 customers from small businesses to Fortune 100 companies. Based in Minneapolis, Minnesota, HelpSystems sells its solutions directly and through strategic partners worldwide. The company is backed by Summit Partners, a leading growth equity investor in the software sector with nearly $15 billion of capital under management.

HelpSystems brands include: Robot, SEQUEL Software, PowerTech, Skybot Software, Bytware, Safestone, CCSS, InterMapper, ShowCase and AutoMate. Learn more at www.helpsystems.com.

Source:HelpSystems

AUSTIN,TX—PeopleAdmin announces that it has been acquired by Vista Equity Partners, a private equity firm with over $7 billion in committed capital.

PeopleAdmin, Inc. (“PeopleAdmin”), the leading provider of on-demand talent management solutions for higher education and government, announced that it has been acquired by Vista Equity Partners (“Vista”), a private equity firm with over $7 billion in committed capital. [Summit Partners invested in PeopleAdmin in 2008.]

“We are excited to partner with Vista as we look to accelerate our growth and continue to provide valuable solutions to our clients,” said Susanne Bowen, CEO of PeopleAdmin. “We share a similar vision for the company, and Vista’s software expertise and focus will enable us to continue to scale and serve our clients and invest in our best-in-class product suite.”

Founded in 2000, PeopleAdmin provides market leading software-as-a-service (SaaS) talent management solutions specifically designed for higher education and government organizations. Today, more than 700 organizations, including 30% of the 2,000 largest U.S. institutions of higher education, use PeopleAdmin’s solutions to deliver efficient, compliant and defensible talent management processes across the entire employment lifecycle. PeopleAdmin’s easy to use, configurable products provide clients with the flexibility they need to optimize workflows in their highly complex and regulated industries.

“PeopleAdmin has a history of delivering truly unique and mission-critical value to its clients,” said Patrick Severson, Principal of Vista Equity Partners Foundation Fund. “By combining our resources and expertise with the great team at PeopleAdmin, we see a tremendous opportunity to fuel the next stage of growth and help clients hire, develop and retain some of their greatest assets: their people.”

Lazard served as financial advisor to PeopleAdmin.

About PeopleAdmin
PeopleAdmin is the leading provider of cloud-based talent management solutions for higher education and government. PeopleAdmin’s software enables more than 700 clients to streamline the hiring process; onboard new employees; efficiently manage positions and employee performance; develop compliant, defensible audit trails; and utilize industry-leading reporting and metrics. Their integrated talent management suite, SelectSuite®, includes applicant tracking, faculty search committee management, position management, onboarding and performance management. PeopleAdmin solutions are rapidly deployed, easy-to-use and supported through a world-class customer service organization.

About Vista Equity Partners
Vista Equity Partners, a U.S. based private equity firm with offices in San Francisco, Chicago and Austin, currently invests over $7 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information please visit http://www.vistaequitypartners.com.

Source: PeopleAdmin

SAN JOSE, CA—A10 Networks, Inc. (NYSE: ATEN) today announced the pricing of its initial public offering of 12,500,000 shares of its common stock at a price to the public of $15 per share. Of the 12,500,000 shares of A10 Networks common stock offered, 9,000,000 shares are offered by A10 Networks and 3,500,000 shares are offered by selling stockholders. The Underwriters have been granted a 30-day option to purchase an additional 1,875,000 shares of common stock offered by the selling stockholders at the initial public offering price to cover over-allotments. The shares are expected to begin trading on the New York Stock Exchange on March 21, 2014 under the symbol "ATEN." The offering is expected to close on March 26, 2014, subject to customary closing conditions.

Morgan Stanley, BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets are acting as joint book runners for the offering, and Pacific Crest Securities and Oppenheimer & Co. are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; or RBC Capital Markets, LLC, Attention: Equity Syndicate, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, New York 10281.

Source: A10 Networks

CORALVILLE, IA and MENLO PARK, CA—Integrated DNA Technologies (IDT) announced today a minority investment by growth equity investor Summit Partners. IDT’s founder, Dr. Joseph Walder, will remain the company’s majority owner. Additional terms of the investment were not disclosed.

IDT is the world’s largest manufacturer of custom nucleic acid products. The company supplies scientists with synthetic DNA and RNA sequences, serving the academic research, biotechnology, clinical diagnostics, and pharmaceutical sectors. IDT develops innovative products while providing unmatched product value, excellent delivery times, and personalized customer service.

“Our success is based on the highest quality custom biology products, delivered quickly, and a significant investment in research and development,” said Dr. Walder. “My team and I have gotten to know Summit over several years and we are confident they will add significant value to our organization. We look forward to partnering with Summit to grow our business.”

“We are very enthusiastic about working with Dr. Walder and the team at IDT,” said Michael Anderson, a Principal at Summit Partners who joined IDT’s Board of Directors. “IDT is the clear market-leader in the field of synthetic DNA, serving a very large and diversified customer base. The strong and long-term relationships that the company has built with its customers are extremely impressive.”

Craig Frances, MD, a Managing Director with Summit Partners who also joined IDT’s Board, added, “IDT has the highest quality products and best customer service in the world, which is why more than 82,000 researchers rely on the company. Dr. Walder and his team are truly pioneers in the life science tools sector and we are very pleased to be their partner.”

Perella Weinberg Partners acted as exclusive financial advisor to IDT in connection with this transaction.

About IDT
Integrated DNA Technologies (IDT) is the largest supplier of custom nucleic acids in the world, serving academic, government, and commercial researchers in biotechnology, clinical diagnostics, and pharmaceutical development. IDT's primary business is the manufacture of custom, synthetic DNA and RNA oligonucleotides. IDT synthesizes and ships an average of 44,000 custom oligos per day to more than 82,000 customers worldwide. IDT manufacturing locations include facilities in Coralville, Iowa; San Diego, California; Leuven, Belgium; and Singapore. For more information, visit www.idtdna.com.

About Summit Partners
Summit Partners provides growth equity to exceptional entrepreneurs and management teams. Founded in 1984, the firm has raised nearly $15 billion in capital and provides equity and fixed income for growth, recapitalizations and management buyouts. Summit has invested in more than 385 companies in technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 140 have been acquired through strategic mergers and sales. Notable healthcare and life science companies financed by Summit Partners include HealthCare Partners, Clontech, Diagnostic Hybrids, Fermentas, and Mednax. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Boston, MA and Menlo Park, CA–Summit Partners, a global growth equity investor, today announced that Dayton R. Ogden has joined the firm as Head of Talent and Recruiting. Ogden will work with Summit’s portfolio companies and investment teams to identify and recruit high-impact senior executives and board members, as well as advise portfolio companies on best practices in talent development.

Ogden joins Summit Partners from CTPartners, where he led the firm’s recruiting practice focused on high-growth companies. “We’ve worked with Dayton for a number of years, and he’s consistently distinguished himself by successfully recruiting senior executives to a variety of Summit portfolio companies, ranging from Central Security Group to Telerik to Wildfire Interactive,” said Summit Managing Director Harrison Miller. “Dayton will serve as a tremendous resource to our portfolio companies, driving searches for CEO direct reports and board members across all industries and geographies. We look forward to continuing to work with him.”

Ogden brings nearly two decades of experience leading executive, board, partner, and principal investor searches for venture capital and growth equity firms and their portfolio companies. Most recently, he served as Managing Partner and Venture Capital Practice Leader with CTPartners. Previously, he was Cofounder and Partner with Fortis Partners, a full-service technology recruiting boutique, and a Senior Associate with Spencer Stuart.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital and provides equity and credit for growth, recapitalizations and management buyouts. Summit has invested in more than 380 companies in technology, energy and other growth sectors. These companies have completed more than 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable companies financed by Summit Partners include AVAST Software, E-TEK Dynamics, Fermentas International, FleetCor Technologies, Heald College, HealthCare Partners, Hittite Microwave Corporation, Keystone RV Company, MDVIP, NetWitness Corporation, Ogone, optionsXpress, Telerik, Tiny Prints, Ubiquiti Networks, vente-privee.com, Web Reservations International and Wildfire Interactive.

Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Livermore, CA– Rob Alston, CEO of Access, announced today the company’s acquisition of Safe Site Northwest, Inc. and DataSite Business Archives, Inc. The two companies are widely recognized by the brand name “DataSite Northwest”. DataSite represents the largest privately held records and information management services provider in the Pacific Northwest.

Originally founded in 1992, DataSite’s owners, Dave Heric, Dale Mitchell and Doug Jordan have long been recognized as industry leaders in Seattle and its surrounds. With this acquisition Access broadens its operations in the Seattle area including the cities of Tacoma, Kent and Renton, and the counties of King, Pierce and Snohomish and the technology corridor of Bellevue and Redmond. Additionally, Access continues to serve a wide band of the Pacific Northwest coastline southward through Portland, Eugene and Medford, Oregon. As the largest privately held records and information management services provider in the United States, Access serves 30 markets across the nation as well as in Latin America and can offer a single-provider advantage to clients operating in all of those markets.

“The acquisition of DataSite, due to the considerable size of its client base as well as the breadth of its capabilities, adds significantly to our strength in the Seattle area,” said Alston. “Dave, Dale and Doug built a company of impeccable integrity that enjoys a reputation for excellent client service and operates a state-of-the-art fleet and facilities with a team of highly trained professionals. We have admired this operation and team for a long time and are ecstatic about the opportunity ahead.”

Dave Heric, who notably is a past PRISM International president, will continue, along with Mitchell and Jordan, to consult with Access during a transition period. He shared, “This is a very exciting new chapter in our growth. With the increased support and financial and leadership resources that Access brings to us, our continued success – built on the stellar contributions of the DataSite staff and benefiting both our clients and our staff – is assured.” Heric continued, “We share Rob Alston’s commitment to providing the ‘very best’ and are pleased to have the opportunity to offer our clients this new level of service available to them now on an international scale.”

“DataSite’s owners embraced this new relationship from the start,” said Access President John Chendo. “They appreciated what growing with Access would mean to their clients and to their team.”

Chendo noted, “We plan to grow our business steadily throughout the year ahead and beyond and are actively seeking to find similarly excellent companies in our industry that understand the many benefits of working with us. I am personally looking forward to the opportunity to share our vision with those in our industry who consider themselves the very best.”

About Access Information Management
Access Information Management is the largest privately held records and information management (RIM) services provider in the United States. A trusted partner to clients spanning multiple industries and markets throughout the country, Access’ complete suite of services includes records management, data protection (electronic computer media), secure destruction, and digital formatting services. The valuable business services Access provides allow clients to focus on their core businesses while reducing the costs and risks associated with document retention, management and final disposition. Access is backed by growth equity investor Summit Partners.

Source: Access Information Management

ADDISON, IL, BOSTON, MA and MENLO PARK, CA—Growth equity investor Summit Partners today announced a majority investment in Parts Town LLC, the leading distributor of genuine OEM repair and maintenance equipment parts for the restaurant and foodservice equipment sectors. Parts Town’s founder Bill Reedy, CEO Steve Snower, and the management team will remain sizeable shareholders in the company. Additional terms of the investment were not disclosed.

Founded in 1987, Parts Town is the leading national firm focused on the marketing and distribution of genuine OEM restaurant equipment parts. Additionally, Parts Town provides field service and technical service support. Parts Town partners with original equipment manufacturers to drive customer satisfaction, improve the parts supply chain, and grow OEM parts market share. The company’s mission is to change the restaurant equipment parts market by setting extraordinary new standards in customer experience, web-based solutions and supply chain partnership. Parts Town has been recognized by Inc. Magazine as one of America’s fastest-growing private companies for five consecutive years.

“We welcome this partnership with Summit Partners,” said Parts Town CEO Steve Snower. “Our company prides itself on a culture of change, innovation, and accomplishment. Summit shares our core values and the ambition we have for this business. Our new investors bring decades of experience building, growing, and leading world-class companies. I look forward to partnering with them to scale Parts Town to new levels of success.”

Founder Bill Reedy states, “I am very proud of what Parts Town has achieved to this point, and I truly believe that this next chapter, in partnership with Summit, will be even more exciting.”

“We are very pleased to complete this investment in Parts Town,” said Jay Pauley, a Principal with Summit Partners. “We have closely followed Parts Town’s rapid growth over the years and admired its technology-focused business model and innovative management team.”Parts Town has been at the forefront of investing in technology to support its customer and manufacturer partners. This includes partstown.com, the industry’s leading website; the industry’s first mobile app; and PartSPIN, a 360-degree imaging technology that allows customers to see a part from every angle and viewpoint. These features provide customers unprecedented access to Parts Town’s inventory, allowing them to plan their service operations more efficiently.

Joe Trustey, a Managing Director with Summit Partners added, “Parts Town is changing the distribution channel by providing manufacturing partners with technology, customer service and logistical support to improve sales and customer retention.” In connection with the investment, Joe Trustey and Jay Pauley will join Bill Reedy and Steve Snower on the Parts Town Board of Directors.

Weil Gotshal & Manges LLP provided legal counsel and Ernst & Young LLP provided accounting services to Summit Partners. Kirkland & Ellis LLP served as legal counsel and Metronome Partners provided financial advisory services to Parts Town.

About Parts Town
Parts Town is a leading distributor of genuine OEM restaurant equipment parts for the foodservice industry. Focused on delivering a unique customer service experience and website, Parts Town customizes solutions for both chain restaurants and food equipment service companies. Founded in 1987, Parts Town partners closely with the leading manufacturers of commercial cooking, refrigeration, ice, and beverage equipment to improve their parts supply chain, delight their customers, and grow genuine parts sales. For more information visit www.partstown.com or follow on Twitter at @PartsTown.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 380 companies in technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable technology-enabled business services companies financed by Summit Partners include Access Information Management, Aramsco, and Systems Maintenance Services. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

LONDON, UK–Acturis Group, an award-winning provider of insurance technology solutions, announced today that it has acquired Nordic Insurance Software (NIS), a market leading provider of insurance software in the travel and assistance, expatriate and health insurance markets providing services to clients in over 30 countries.

Acturis, founded in 2000 and headquartered in London, is a leading Software as a Service (SaaS) vendor, providing technology solutions to general insurance brokers, underwriters and affinity networks in the UK and internationally. Acturis’ administration, underwriting and trading platform is used by more than 10,500 users across 400 sites processing in excess of £4 billion of Gross Written Premium annually. Acturis has grown at 30% per year over the last five years and the company’s customers include Allianz, Axa, Aviva, Direct Line Group, QBE, RSA, LV=, AIG, AJ Gallagher, Jelf, Bluefin, Oval, Swinton, Marsh and Willis.

Founded in 1996, NIS is headquartered in Copenhagen with installations Worldwide. The NIS application is considered the market leading platform in the travel and assistance, expatriate and health insurance markets and NIS’s growth reflects this, with a compound revenue growth rate of some 59% per annum over the last three years. NIS customers include Zurich, Munich RE, Gouda, RSA, Global Excel, CEGA and the Canadian Automobile Association. Its solutions are active in over 30 countries across the globe. NIS's founders and management, will continue to be significant shareholders in the enlarged group and will continue to have a major ongoing involvement in the group.

David McDonald, co-CEO of Acturis comments: “We have been actively engaged in expanding our footprint beyond the UK for some time and we believe that the combination of Acturis and NIS will provide us with new and exciting international growth opportunities. Almost all of NIS revenues are generated outside the UK and this acquisition puts the enlarged Acturis Group in a position where a significant portion of the Group's revenue is derived outside of the UK. Given our international expansion plans, we expect this to grow over time.”

Theo Duchen, co-CEO of Acturis adds: “We are very excited to welcome Claus Tophoej and his outstanding team into the enlarged Group as we embark on this exciting next chapter of our development. Both companies have a track record of growth and innovation in their respective markets and this bodes well for the combined Group.”

Claus Tophoej, CEO of NIS adds: “We are extremely pleased to join the Acturis Group and we feel that the combination of NIS and Acturis can have a significant impact on the global Insurance Software landscape. Together we have a significant pool of talented colleagues and an exciting portfolio of leading growth platforms within the group targeting different segments. We look forward to working closely with David, Theo and the entire management team to build the pre-eminent global vendor of insurance technology,”

About Acturis
Acturis is a leading, award winning Software as a Service provider to the insurance industry and has grown at more than 30% per year over the last 5 years.

The Acturis System is an administration, distribution and underwriting platform used by insurance brokers and underwriters which has been live since 2002 and now has more than 10,000 users across over 400 UK sites.

Acturis operates in the general insurance market, supporting both personal and commercial lines. The company leads the way in real-time integrations with insurers and has won industry Service Provider of the Year awards in 2006, 2007, 2009 and 2010, and the British Insurance Technology Award in 2011.

Acturis has been profiled in the Sunday Times Tech Track 100 and Buyout Track surveys for three consecutive years running due to its rapid growth. Acturis was awarded the Queen’s Award for Enterprise in 2012 and most recently, Acturis was named Company of the Year – Mid Sized at the prestigious Growing Business Awards 2013 and was one of the first 25 high growth companies to be invited onto the Government’s Future Fifty programme.

The Acturis philosophy is to deliver against its promises. http://www.acturis.com

About NIS
Nordic Insurance Software (NIS) was founded in 1996 and is headquartered in Copenhagen, Denmark.

With an extensive IT background gained from their experience in the travel and insurance industries, the founders designed the first interactive travel insurance application in 1997. This application soon gained considerable market share in the Scandinavian countries - Denmark, Norway, Sweden and Finland. NIS now has installations in over 30 countries across the globe.

NIS has an AAA rating from Dun & Bradstreet and is listed under D-U-N-S no.30-550-1330.

http://www.nordicinsurancesoftware.com

SOURCE: Acturis

Summit Partners' Greg Goldfarb Joins JAMF’s Board of Directors

MINNEAPOLIS, MN—JAMF Holdings, Inc., the parent corporation of JAMF Software, the leader in Apple device management, today announced the closing of a $30 million investment, led by growth equity firm Summit Partners. JAMF Software will use the funding to drive product development, expand industry partnerships and deliver on the company’s vision to enable organizations of all sizes to succeed with the Apple platform. In conjunction with the investment, Greg Goldfarb, a managing director with Summit Partners, will join the JAMF Board of Directors. GSV Capital Corporation also invested in the round.

JAMF Software’s flagship product, Casper Suite, is the only Mac, iPad , Apple TV and iPhone management software that is developed exclusively for the Apple platform. Over the last 11 years, JAMF’s market share has grown exponentially worldwide with more than 4,000 customers – including 34 of the Fortune 100 – and more than 2.8 million Apple devices under management.

Summit’s Greg Goldfarb joins the JAMF Board to provide insight and counsel as the company continues its rapid growth and expansion into global markets to provide organizations with the most comprehensive breadth and depth of functionality to support Apple in the enterprise. Goldfarb joined Summit Partners in 2002 and has invested in many successful technology companies.

Comments on the News

“From the beginning, we wanted to build a company and products centered around the user experience, and that philosophy has helped us maintain focus over the years leading to exceptional levels of customer retention and a uniquely qualified and passionate team,” said Chip Pearson, managing partner of JAMF Software. “For over 11 years, JAMF has operated as a bootstrapped startup, not relying on external resources. Today’s announcement reflects Apple’s continued growth in the enterprise and JAMF’s commitment to helping enterprises succeed with their vision around the Apple platform. We are honored that folks like Summit Partners share this outlook and commitment.”

“Casper Suite allows administrators – many of whom came from a Windows background – to confidently manage every Mac, iPhone or iPad in their environment via an elegant and flexible management platform,” said Greg Goldfarb, a managing director with Summit Partners. “For organizations around the world that may still be testing and exploring how to embrace Apple devices, JAMF Software’s pioneering approach helps align Apple’s exceptional user experience with enterprise IT requirements to achieve the dual goals of end users and IT teams.”

“It is a privilege to back a company and team as committed to customer success as JAMF Software has been,” Goldfarb continued. “When JAMF started in 2002 as a company dedicated to serving Apple administrators, very few people had the vision of what Apple would achieve over the last decade. JAMF’s depth of understanding and commitment to the Apple platform and community makes the company a unique and trusted partner to organizations of all types and sizes, as they, and their users adopt Macs, iPads and iPhones for computing and mobility.”

Helpful Links
JAMF Software Website
[Become Part of the Family at the JAMF Nation Community] (http://www.jamfsoftware.com/community)
Join the Conversation on Twitter
Stay Connected with JAMF Software on LinkedIn

About JAMF Software
JAMF Software has focused exclusively on helping the enterprise succeed with the Apple platform since its founding in 2002. JAMF Software has over 4,000 customers across commercial, education and government verticals managing more than 2.8 million Macs, iPads and iPhones. JAMF Software is headquartered in Minneapolis, Minnesota. Visit JAMF at http://www.jamfsoftware.com/ and join the conversation at @JAMFSoftware.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 380 companies in technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable software companies financed by Summit Partners include Hyperion Solutions, McAfee Associates, RightNow Technologies, SeaChange International, Unica, WebEx Communications and Wildfire Interactive. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Summit Partners Joins Investors to Help Gainsight Eradicate Churn in the Subscription Economy

MOUNTAIN VIEW, CA–Gainsight, the leading Customer Success Management solution, today announced a $20 million Series B funding round led by Bain Capital Ventures with participation from existing investor Battery Ventures and new investor Summit Partners, bringing the company’s total financing to $30 million. Gainsight will use the funds to aggressively grow its engineering, sales, marketing and customer success efforts to increase customer lifetime value in the $500 billion Subscription Economy. The subject of a separate announcement today, Gainsight unveiled its new big data platform for connecting frontline employees using CRM systems to the vast troves of data companies have about their customers, allowing them to identify ways to drive increased spend from existing customers. With Gainsight, customer success becomes a CEO directive—companies can now derive actionable value from their data to build better relationships with customers and grow revenue. At the forefront of a dramatic shift in the way organizations harness data to manage customer success, Gainsight has experienced a surge in companies – including Angie’s List, Castlight Health, Informatica and Marketo – turning to Customer Success Management (CSM) and Gainsight as the foundation for building a customer-centric culture across their entire organizations.

“A recent research study of public subscription businesses revealed that a 2 point improvement in retention rate can lead to a 20% or greater improvement in company valuation,” said Nick Mehta, CEO at Gainsight. “Echoing these findings, a recent Gainsight survey of more than 100 leading subscription businesses showed that companies with a Customer Success team report a 24% lower churn rate than companies without one. From Sand Hill to Wall Street, Customer Success Management has become a must-have to ensure the long term viability of any recurring revenue company.”

Organizations that depend on customer retention must accurately understand their users’ habits to achieve customer success. The challenge is that although today’s organizations are collecting more data about their customers than ever before, the information remains distributed across multiple systems and formats, making it difficult to stitch together the information into a picture of customer health. Gainsight’s revolutionary Customer Success Management platform integrates these siloed data sources, predictively identifies risk indicators of customer churn, presents a holistic assessment of each customer’s health in a familiar and easy-to-consume view, and suggests best practices for addressing at-risk customers and upsell opportunities. By leveraging big data analytics for customer intelligence across multiple data sources and making it easy to understand customer health at a glance, Gainsight arms team members across all levels in an organization to take action to retain and grow future revenue streams.

Quotes from Gainsight Investors
“Due to increasing competition, every business in the world has to rethink and prioritize their focus on customer success”, said Ajay Agarwal, managing director at Bain Capital Ventures. “Gainsight is the clear leader in providing a SaaS solution to manage this vital cross-functional initiative. While marketing automation helps nurture leads and sales, force automation streamlines the sales pipeline, Gainsight’s solution uniquely provides a 360-degree view of your customers. We fundamentally believe every business will require Gainsight’s Customer Success Management platform to reduce churn, increase cross-sells/up-sells, and improve customer satisfaction.”

“We were early believers in Gainsight’s team vision and mission, and continue to be impressed with the their innovation and determination to change the way all companies think about customer success and churn,” said Roger Lee, general partner at Battery Ventures. “It’s fantastic what Gainsight is accomplishing and the impact its technology has already made on recurring revenue companies of all sizes. The opportunities that lie ahead for Gainsight are massive and we look forward to supporting the company along its journey to becoming a driving force for the Subscription Economy.”

“As the market-leading Customer Success Management company, Gainsight is truly changing the game for recurring revenue companies that depend on customer retention to meet their business growth goals,” said Harrison Miller, managing director at Summit Partners. “We are thrilled to be supporting Nick and the very talented Gainsight team. As Gainsight scales, we look forward to helping the company impact the Subscription Economy through its groundbreaking technology and die-hard commitment to solving hard problems.”

About Gainsight
Gainsight, the first and only complete Customer Success Management solution, helps businesses reduce churn, increase up-sell and drive customer success. The company’s SaaS suite integrates with Salesforce and uses Big Data analytics to evaluate sales data, usage logs, support tickets, surveys and other sources of customer intelligence. In this way, Gainsight provides a 360° view of customers and drives retention across Customer Success, sales, marketing, executive and product management. Learn how leading companies like Angie’s List, Castlight Health, Marketo and Informatica are using Gainsight to help their customers succeed at www.gainsight.com.

For more information:
* Learn more about the new Gainsight platform: http://www.gainsight.com/customer-success-products
* Join Gainsight's growing team: http://www.gainsight.com/careers

Source: Gainsight

CHARLOTTE, NC and BOSTON, MA––Systems Maintenance Services, Inc. (“SMS”) announced today that Summit Partners, a leading global growth equity investor, has made a significant equity investment in the company. Thomas H. Lee Partners, L.P., a leading private equity firm focused on investments in global businesses headquartered in North America which acquired SMS in 2010, remains the majority shareholder.

Founded in 1981, SMS is a leading global provider of multivendor IT asset lifecycle services and support solutions. SMS’ advanced service portfolio includes: asset management, deployment, relocation, disposition, recycling, erasure, maintenance, and managed network and VOIP services. SMS supports more than 3,000 clients globally with physical locations across North America, Asia and Europe. SMS’ solutions include support for most datacenter brands including Cisco, IBM, HP, Dell, Oracle, EMC, Hitachi, NetApp, Lexmark and Xerox.

Don Doctor, SMS’ Chairman & CEO, said, “We are pleased to welcome Summit Partners as an investor, and are confident that they bring invaluable investment experience and industry knowledge that will further enable our organic and strategic growth strategies. We are excited to have another strong partner alongside THL that is fully supportive of our global growth initiatives.”

John Carroll, a Summit Partners Managing Director, said, “We are enthusiastic about working closely with THL and the SMS management team to further propel the growth of this exceptional company. SMS has a proven track record of expanding into new product sets and geographies, while maintaining consistent high-service delivery standards.”

Peter Rottier, a Summit Partners Principal added, “We are delighted to be an investor in SMS alongside THL. Both our firms are committed to investing in SMS’ world-class infrastructure and building on the company’s history of successful strategic acquisitions in order to provide clients with the optimal IT services and support solutions that will help them compete in the global marketplace.”

Following the close of the transaction, the terms of which were not disclosed, Summit Partners’ Carroll and Rottier will join the SMS Board of Directors.

About Systems Maintenance Services
Founded in 1981, Systems Maintenance Services (SMS) is a leading global provider of multivendor IT asset lifecycle services for datacenters. SMS supports more than 3,000 clients globally with direct locations across North America, Asia and Europe. SMS solutions include support for leading technology brands including Cisco, IBM, HP, Dell, Oracle, EMC, Hitachi, NetApp, Lexmark and Xerox. Visit www.sysmaint.com for more information.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 380 companies in technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable investments in the technology and business services sector include E-TEK Dynamics, FleetCor Technologies, LiveOffice and Rocket Fuel. Summit maintains offices in North America, Europe and Asia, and invests in companies around the world. For more information, visit http://www.summitpartners.com or follow on Twitter at @summit_partners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Leading Dental Support Organization Welcomes My Dentist Affiliated Offices

Effingham, IL—Heartland Dental Care, LLC (“Heartland Dental”) a leading dental support organization in the United States, announced today that it has signed a definitive agreement to acquire My Dentist Holdings, LLC, (“My Dentist”), an Oklahoma City based dental support organization, which is affiliated with 55 My Dentist Complete Care Dentistry offices in Oklahoma, Missouri, Texas, Kansas and Arkansas. (Summit Partners invested in My Dentist in 2010.)

My Dentist’s predecessor company was founded in 1983 by Dr. Pat Steffen. The My Dentist branded affiliated dental offices provide general dentistry services, along with specialty care in orthodontics and oral surgery. With the passing of Dr. Steffen in August 2012, Dr. Jennifer Chambers, Chief Dental Director and Kevin Offel, Chief Executive Officer and President of My Dentist, assumed active leadership roles within the organization. During their tenure at My Dentist, they have achieved major benchmarks, including expanding the number of affiliated dental offices from 30 to 55 locations and growing its infrastructure. My Dentist, together with its affiliated dental practices, has 805 employees, including 109 dentists and 71 hygienists.

Dr. Rick Workman, founder and Chief Executive Office of Heartland Dental stated, “We are excited to have this opportunity to affiliate with such a significant dental support organization which is not only in our footprint, but also shares so many of our core values and beliefs. Heartland Dental is comprised of exceptionally talented individuals who are sincerely passionate about our company’s vision. Similarly, the My Dentist team works tirelessly for the well-being of their doctors, patients and employees. The future is bright for My Dentist and Heartland Dental as we join together to support each other in becoming industry leaders. It’s an honor that we will have them on our team.”

“I have had the pleasure to spend many hours with Dr. Workman as well as Pat Bauer, President and Chief Operations Officer of Heartland Dental, and the Heartland Dental leadership team,” explained Dr. Chambers. “It was a top priority for us to make certain we affiliated with a company that was aligned with our doctor-led vision, set out by Dr. Steffen some 30 years ago, at the core of our business. I can tell you with confidence that Heartland Dental shares our vision and will support us in taking our company to the next level. With this affiliation, My Dentist can best support not only our doctors, but all of our patients and employees.”

“Heartland Dental is the right cultural fit for us and this partnership is absolutely the right decision for our doctors, our patients and our employees. This is the right time for a partnership with Heartland Dental and will enhance our ability to continue delivering on our mission of improving patients lives every day,” said Kevin Offel, President and Chief Executive Officer of My Dentist.

The transaction is subject to certain regulatory and other approvals and is expected to be completed within 60 days. Upon completion of the transaction, Heartland Dental will provide dental support services to more than 500 dental offices in 26 states.

About Heartland Dental
Heartland Dental is one of the leading dental support organizations in the United States with more than 440 affiliated dental offices located within 26 states. Based in Effingham, Illinois, Heartland Dental supports over 700 affiliated dentists and 5,000 team members by offering continuing professional education and leadership training along with a variety of non-clinical administrative services including staffing, human relations, procurement, administration, financial, marketing and information technology. For more information, visit http://www.HeartlandDentalCare.com. Follow Heartland Dental, LLC on Facebook, Twitter and LinkedIn.

About My Dentist
My Dentist is a family of dental practices in Oklahoma, Missouri, Texas, Kansas and Arkansas. Founded in 1983 by Pat Steffen, DDS, My Dentist affiliated practices provide general dentistry services, with specialists in Orthodontics and Oral Surgery. Based in Oklahoma City, OK, My Dentist supports more than 100 dentists and 800 team members by offering continuing professional education and leadership training along with a variety of non-clinical administrative services including staffing, human relations, procurement, administration, financial, marketing and information technology. For more information about My Dentist visit http://www.MyDentistinc.com.

Source: Heartland Dental Care

REDWOOD CITY, California – Rocket Fuel Inc. today announced the pricing of its initial public offering of 4,000,000 shares of common stock at a price to the public of $29.00 per share. All of the shares are being offered by Rocket Fuel. The shares are expected to begin trading on the NASDAQ Global Select Market on September 20, 2013 under the symbol "FUEL". In addition, the underwriters have a 30-day option to purchase up to 600,000 additional shares of common stock at the initial public offering price from certain existing stockholders of Rocket Fuel to cover over-allotments, if any. None of Rocket Fuel’s executive officers are participating in the offering as selling stockholders. [Summit Partners invested in Rocket Fuel in 2012.]

Credit Suisse and Citigroup are acting as joint bookrunners for the offering. Needham & Company, Oppenheimer & Co., Piper Jaffray, BMO Capital Markets, and LUMA Securities are acting as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 19, 2013. The offering will be made only by means of a prospectus. A copy of the prospectus may be obtained by mail from the offices of Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, by calling (800) 221-1037, or by emailing a request to newyork.prospectus@credit-suisse.com; or Citigroup Global Markets Inc. c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, by calling (800) 831-9146, or by emailing batprospectusdept@citi.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Source: Rocket Fuel

Financing to Fuel Continued Product Innovation and Global Expansion Following Multiple Years of Explosive Growth

Reston, VA--Clarabridge, Inc., the leading provider of intelligent Customer Experience Management (CEM) solutions for the world’s top brands, today announced the completion of an $80 million equity investment by new investors General Catalyst Partners, Summit Partners, and Unica-founder Yuchun Lee. Clarabridge will use the investment to further expand its global operations, power continued product innovation, grow its employee base and increase reach through marketing and strategic transactions to capitalize on escalating market demand for CEM solutions.

Founded in 2006, Clarabridge has built the market leading CEM solution powered by sentiment and text analytics for Global 1000 organizations including Walmart, Dell, Fidelity, Wendy’s International, United Airlines, Best Buy, PetSmart, QVC, Inc., and many more. The investment follows a three year period in which Clarabridge recorded over 150% revenue growth, over 250% growth in recurring revenues, more than doubling its team, and global expansion with new offices in London and San Francisco.

“The world’s top companies recognize the growing importance, ROI and massive amount of data growth and channels involved in listening to the voice of the customer. We’re thrilled at how many have selected Clarabridge’s multichannel, Intelligent Customer Experience solutions to collect, analyze and act on this critical data to enhance customer experience,” said Sid Banerjee, Clarabridge CEO. “Over the past eight years, Clarabridge has clearly established itself as the leader in the CEM space. This capital infusion will enable us to significantly increase investment in our people, products and processes, accelerate innovation, both organically and strategically, and ensure we power the future of customer experience analytics at all levels of the enterprise.”

As part of the transaction, Yuchun Lee will join as Clarabridge’s Chairman of the Board and Larry Bohn of General Catalyst Partners and Tom Jennings of Summit Partners will join as board directors. Sid Banerjee will continue on as CEO, building on eight years of proven leadership as founder and CEO. “Our new investors bring decades of experience building, growing, and leading world-class companies and I look forward to working with them to scale Clarabridge to new levels of success,” said Banerjee.

“Before committing to our investment in Clarabridge,” added Lee, “we researched the CEM space thoroughly. While there are many exciting, growing companies developing compelling solutions in the space, we found that Clarabridge uniquely possesses a strong team, a robust, scalable product architecture, and proven, successful execution since its inception – and we believe Clarabridge will become the dominant leader as CEM continues to undergo explosive growth in the next few years.”

ArchPoint Partners served as exclusive financial advisor to Clarabridge in this transaction.

About Clarabridge
Clarabridge is the leading provider of Customer Experience Management (CEM) powered through intelligent sentiment and text analytics. Clarabridge enables Global 1000 enterprises to achieve a universal understanding of their customers by automatically collecting, classifying, scoring sentiment and analyzing qualitative data found in Voice-of-the-Customer (VoC) feedback channels. Insights extracted result in improved marketing, product/service offerings, operations, and customer service across an organization. Clarabridge customers include B/E Aerospace, Charming Shoppes, Inc., Choice Hotels, Dell, E.ON, Expedia, Fidelity, Gaylord Hotels, Intuit, J.D. Power, L’Oréal, Marriott International, PetSmart, QVC, Inc., Sage North America, United Airlines, Walmart, Walgreens, and Wendy’s International. Clarabridge is privately held with offices in Reston, VA., San Francisco, CA. and London, U.K. For more information, visit http://www.clarabridge.com.

Twitter: @Clarabridge | Blog: Clarabridge Blog | Facebook: Clarabridge Page

About General Catalyst Partners
General Catalyst Partners is a venture capital firm that makes early stage and growth equity investments. General Catalyst Partners invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals' extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. General Catalyst has offices in Cambridge, MA, Palo Alto, CA and New York City. For more information, visit: http://www.generalcatalyst.com or https://twitter.com/gcvp.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 380 companies in technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Summit maintains offices in North America, Europe and Asia and invests in companies around the world. For more information, please visit http://www.summitpartners.com or https://twitter.com/summit_partners.

About Yuchun Lee
Yuchun Lee is widely recognized as an accomplished entrepreneur and global thought leader in the area of information technologies. Mr. Lee was most recently Vice President and General Manager of Enterprise Marketing Management business unit at IBM and a key architect in IBM's global initiative to serve the needs of Chief Marketing Officers. Prior to IBM, Mr. Lee served as chief executive officer of Unica, a NASDAQ listed software company he co-founded to meet marketers’ technology needs, growing to over $125M in revenue before merging with IBM in 2010. Prior to Unica, he held senior positions with Digital Equipment Corporation, the Massachusetts Institute of Technology (MIT) Lincoln Laboratory and the MIT Media Labs. Mr. Lee holds Bachelor and Master of Science degrees in Electrical Engineering and Computer Science from MIT and an MBA from Babson College. He is currently an executive in residence at General Catalyst Partners, an executive advisor at Summit Partners, and on the board of Vertex Pharmaceutical (NASDAQ: VRTX).

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

BOSTON, MA, AND LONDON, UK–Summit Partners, a global growth equity investor, today announced the appointments of two senior healthcare investment professionals: Darren Black, Managing Director in Summit’s Boston office, and Thomas Tarnowski, Principal in Summit’s London office. Since 1984, Summit has invested in more than 70 companies across the healthcare and life sciences industry.

“We’re delighted to welcome Darren and Thomas to our experienced teams,” said Marty Mannion, a Managing Director in Summit’s Boston office. “Their deep knowledge and sector expertise will help Summit build on its nearly 30-year history of investing in the healthcare sector. We’re very much looking forward to working with them.”

Scott Collins, a Managing Director in Summit Partners’ London office, added, “Darren and Thomas bring strong industry experience and business acumen to Summit Partners. This will greatly benefit both the firm and our portfolio companies, and help us remain the growth equity partner of choice for industry-leading companies.”

Darren Black brings more than 20 years of healthcare investment and entrepreneurial experience. Prior to joining Summit, Mr. Black was a Managing Partner with SV Life Sciences where he focused on investing in healthcare services, healthcare information technology and pharmaceutical services. During his 10 years with SV Life Sciences, he sat on numerous boards including Vitalize Consulting Solutions, Celerion and Spectrum Professional Services. Before SV Life Sciences, Mr. Black was Cofounder and President of two specialty contract research service businesses: ClinCare and PharmaStar. Prior to that, he was a healthcare consultant for Accenture. Mr. Black earned an MBA from the Wharton School of the University of Pennsylvania and an AB in Government from Harvard College. He currently serves on the board of Health Forum within the American Hospital Association.

Thomas Tarnowski is a Danish national with more than 12 years of investing and healthcare experience in the United States, United Kingdom, and Central and Northern Europe. Mr. Tarnowski will lead Summit’s healthcare and life sciences team in Europe. Prior to joining Summit, he led Triton’s Nordic healthcare team focusing mainly on healthcare services and medical technology investments. During his seven years with Triton, Mr. Tarnowski served on several boards including one of the largest healthcare services companies in the Nordic region. Before Triton, he worked for Credit Suisse First Boston in the Financial Sponsors Group covering North America. Prior to that, he worked for Citigroup. Mr. Tarnowski earned an MBA from Harvard Business School and a BBA in Finance from Valdosta State University. He speaks Danish, English, Norwegian, Polish and Swedish.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 380 companies in technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable investments in the healthcare and life sciences sector include: American Dental Partners, AmeriPath, Anesthetix, COMS Interactive, Diagnostic Hybrids, HealthCare Partners, Heart to Heart Hospice, MDVIP, Lincare, Pediatrix Medical Group and Solutionreach. Summit maintains offices in North America, Europe and Asia and invests in companies around the world. For more information, please visit www.summitpartners.com or https://twitter.com/summit_partners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

LONDON, UK – Summit Partners, a global growth equity investor, today announced that it has reached an agreement in principle with Amdocs (NYSE: DOX), the leading provider of customer experience systems and services, to sell Actix Ltd., the largest independent software provider in mobile optimization, for approximately $120 million in cash, subject to customary closing conditions.

Bill McHale, CEO of Actix said, “Summit Partners’ expertise in the mobile telecommunications and software sectors enabled Actix to develop the ActixOne platform. The optimization space has been undergoing significant changes, and Summit helped the Actix management team become a significant vendor in this dynamic, growing market. These factors allowed Actix to realise its potential and become part of the much larger Amdocs family.”

“It has been a pleasure to work with Actix and its exceptional management team,” added Scott Collins, Managing Director of Summit Partners, who served as Chairman of the Actix Board of Directors. “Our work with Actix exemplifies what Summit does best—partner with outstanding management teams to help them extend their leadership positions.”

Founded in 1991, Actix is the largest independent software provider in mobile optimization. Since Summit’s investment, Actix has been recognized for its multi-vendor and multi-technology optimization platform, ActixOne. In 2012 and 2013, Actix was awarded the LTE Award for its Customer Experience Analytics solution. The company was also selected as a finalist in the Best Company of the Year (Private) category at Light Reading’s Leading Lights Awards 2012.

Summit Partners was advised on the transaction by Raymond James & Associates, Inc. and by Ropes & Gray, LLP.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 380 companies technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Summit investments in the mobile telecommunications industry include Accedian Networks, Casa Systems, Commnet Wireless, Hittite Microwave, Jamba!, M/A-COM Technology Holdings, OPNET Technologies, and Powerwave Technologies. Summit maintains offices in North America, Europe and Asia and invests in companies around the world. For more information, please visit www.summitpartners.com.

About Actix
Actix creates software platforms that enable mobile operators to deliver better customer experiences, maximize network ROI and generate new revenues by locating, optimizing and monetizing their subscribers’ experience. Actix provides operators with real-time, geo-located, visibility and control over the Radio Access Network (RAN) — the most critical part of a mobile operator’s infrastructure. With more than 20 years of experience as a technology leader in the field of RAN analytics, optimization, Actix works with operators in more than 50 countries world-wide.For more information, visit www.actix.com

About Amdocs
For more than 30 years, Amdocs has ensured service providers’ success and embraced their biggest challenges. To win in the connected world, service providers rely on Amdocs to simplify the customer experience, harness the data explosion, stay ahead with new services and improve operational efficiency. The global company uniquely combines a market-leading BSS, OSS and network control product portfolio with value-driven professional services and managed services operations. With revenue of $3.2 billion in fiscal 2012, Amdocs and its 20,000 employees serve customers in more than 60 countries.

Amdocs: Embrace Challenge, Experience Success.

For more information, visit Amdocs at www.amdocs.com

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Boca Raton, FL—Modernizing Medicine®, the creator of the Electronic Medical Assistant® (EMA™), a cloud-based specialty-specific electronic medical record (EMR) system, announced today that it has received $14 million from Summit Partners, a global growth equity investor.

“Our goal is to transform how healthcare information is created, consumed and utilized to increase efficiency and improve patient outcomes,” said Daniel Cane, President and CEO of Modernizing Medicine. “With Summit’s support, we intend to increase the number of our technological staff to help further our growth in current markets and to expand into new areas with the best specialty-specific EMR system for doctors.”

Modernizing Medicine’s user-friendly EMA adapts to each healthcare provider’s unique style of practice and integrates seamlessly into the practice's workflow, saving physicians and their staff time and increasing efficiencies. EMA’s cloud-based approach to collecting and storing patient information enables physicians to create, visualize and consume treatment data to better care for their patients with the EMA Network™. Available as a native iPad application or from any web-enabled Mac or PC, Modernizing Medicine provides specialty-specific offerings for the dermatology, ophthalmology, optometry, orthopedics and plastic and cosmetic surgery markets. This year, Software Advice named EMA the #1 tablet EHR.

“The time is ripe for technology that transforms the way physicians practice,” said Mark deLaar of Summit Partners, who is joining the Modernizing Medicine Board of Directors. “We believe that Modernizing Medicine’s powerful technology, coupled with its exceptional team, is the right combination to disrupt the EMR market. We are pleased to partner with Dan, Michael and the exceptionally strong management team to support the company’s continued growth.”

Added Jesse Lane, a Vice President with Summit Partners, “EMA’s phenomenal customer reviews, impressive market traction and meaningful use attestations speak to the strength of the technology.”

Modernizing Medicine continues to be recognized for its growth and exceptional corporate culture. This year, the company was listed at No. 47 on Forbes’ annual ranking of America’s Most Promising Companies. It was also recently recognized by Modern Healthcare as one of the 2013 Best Places to Work in Healthcare, ranked on Florida Trend’s Best Companies To Work For and named South Florida Business Journal’s #1 Fastest Growing Company in South Florida for the second year in a row.

For more information about career opportunities at Modernizing Medicine, visit www.modmed.com/careers.

About Modernizing Medicine
Modernizing Medicine® is transforming how healthcare information is created, consumed and utilized in order to increase efficiency and improve outcomes. Its product, Electronic Medical Assistant® (EMA™), is a cloud-based, specialty-specific electronic medical record (EMR) system with a massive library of built-in medical content, designed to save physicians time. Available as a native iPad application or from any web-enabled Mac or PC, EMA adapts to each provider’s unique style of practice and is designed to interface with hundreds of different practice management systems. Today, Modernizing Medicine provides specialty-specific offerings for the dermatology, ophthalmology, optometry, orthopedics and plastic and cosmetic surgery markets, and to more than 1,000 physician practices across the country. In 2013 Modernizing Medicine was listed at No. 47 on Forbes’ annual ranking of America’s Most Promising Companies.

About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 380 companies globally in technology, healthcare and other growth industries. These companies have completed more than 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable investments in the healthcare and technology sectors include: COMS Interactive, Diagnostic Hybrids, GoldenGate Software, HealthCare Partners, Heart to Heart Hospice, Hyperion Software, McAfee, MDVIP, Postini, RightNow Technologies and Solutionreach. Summit maintains offices in North America, Europe and Asia and has invested in companies around the world. For additional information, visit www.summitpartners.com.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Note: The following is an excerpt from the complete press release issued by Trinity Biotech.

DUBLIN, IRELAND -- Trinity Biotech plc (NASDAQ:TRIB), a leading developer and manufacturer of diagnostic products for the point-of-care and clinical laboratory markets, today announced results for the quarter ended June 30, 2013 and the acquisition of Immco Diagnostics Inc. [Summit Partners invested in Immco Diagnostics in 2007]

Acquisition of Immco Diagnostics Inc.

Trinity Biotech is pleased to announce the acquisition of Immco Diagnostics Inc. (Immco) on July 26, 2013. Headquartered in Buffalo, New York, Immco is a diagnostic company specializing in the development, manufacture and sale of autoimmune test kits on a worldwide basis. This product line is complemented by specialized reference laboratory services in diagnostic immunology, pathology and immunogenetics, marketed to US-based reference laboratories and hospitals.

It is Trinity Biotech's intention to retain Immco's existing management team which, led by Mr. Bill Maggio, has a proven track record and expertise in growing a successful autoimmune business.

Currently, over 50 million Americans are affected by more than 80 different autoimmune diseases. Autoimmune diseases are now the second leading cause of chronic illness and the leading cause of death amongst women over 65. The autoimmune market is divided into two main segments, the first of which is the automated, high volume segment for standard analytes such as thyroid markers. This segment is dominated by the large diagnostic players such as Abbott, Roche and Beckman Coulter, is growing slowly and is one where Immco does not participate.

Instead, Immco's position is in the $250m, high growth (over 10% p.a.), lower throughput, speciality autoimmune segment, where the competition is limited to a small number of key players, principally Bio-Rad, Werfen-Inova and Phadia. The principal autoimmune conditions in this segement are Rheumatoid Arthritis, Vasculitis, Lupus, Celiac and Crohn's disease, Ulcerative Colitis, Neuropathy, Hashimoto's and Graves disease. Meanwhile, the two key technologies employed are Immunoflourescence (IFA) and Immunoassay (EIA). Immco offers a comprehensive range of more than 120 products across all the main autoimmune segments with its EIA product range running on the DSX/DS2 Instrument platform while the IFA products are capable of being read manually or on Immco's proprietary IFA reading system, iSight. In terms of range, breadth and technical performance, the Immco IFA range is best on the market, while the EIA range is of the highest quality and very competitive with the market leaders.

Immco currently sells its products through a network of distributors, mainly outside the USA. In Europe, Immco's main distribution partner is Menarini, a company with which Trinity already has deep distribution ties. The broadening of the relationship between Menarini and Trinity through the additional distribution of the Immco product is viewed very positively by all parties. To date Immco has had very low product sales in the USA due to a lack of FDA product approvals and sales force. However, over the past 24 months, Immco has been successful in harmonizing its complete IFA and EIA product ranges, virtually all of which have now been FDA 510K cleared. Through Trinity Biotech's existing US based sales force (which already sells approximately $2m of Trinity's own autoimmune products) and installed base of EIA instrumentation, Trinity expects to immediately launch Immco's products in the USA. Moreover, as the Immco autoimmune product range complements Trinity's existing infectious disease EIA range, we intend that our large range of installed DSX and DS2 instruments which currently run our infectious disease product line will now also run the entire Immco autoimmune EIA range. We believe that this in turn will help drive growth in both ranges of products due to the synergistic effect of a broader menu offering.

Immco is further driving expansion with the development of a number of new diagnostic kits, such as the ImmuLisa™ Enhanced Cardiolipin Antibody ELISAs recently cleared by the FDA, and there is a robust pipeline of novel assays in development. Meanwhile, the Immco reference laboratory is in the process of launching exclusive panels of tests for Sjögren's Syndrome and Chronic Rhinosinusitus, both of which are significantly underdiagnosed conditions with high incidence.

In summary, Trinity expects to grow Immco's revenues by

• harnessing the breadth, quality and uniqueness of Immco's product range, in the context of only recently having obtained FDA approval;
• leveraging Trinity's sales force and in particular, installed instrument base in the USA;
• leveraging Trinity's international distributor network;
• introducing new innovative autoimmune products which are now beginning to emerge from the development phase; and
• exploiting the synergies that exist between Trinity's existing infectious diseases and Immco's autoimmune product ranges.

Comments
Ronan O'Caoimh, CEO, stated "'Firstly, we are pleased to have completed the acquisition of Immco which has a truly excellent and complete range of autoimmune products with, in our opinion, the best IFA range in the world and an ELISA range that matches the quality of the market leaders. In addition, it also has a very exciting and innovative product development pipeline. The autoimmune market is currently growing at a rate well above the overall diagnostics market and this product range fits very well with our existing infectious diseases product offering. Trinity already has a large installed base of DSX instruments which run our infectious diseases product range and it is expected that these instruments will now also run the Immco range of autoimmune products. Further synergies will be achieved by leveraging Trinity's existing US sales force and international distributor network. Due to these factors we expect the Immco product line to be a significant driver of growth for Trinity, both from a revenue and profitability point of view.

Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, but not limited to, the results of research and development efforts, the effect of regulation by the United States Food and Drug Administration and other agencies, the impact of competitive products, product development commercialisation and technological difficulties, and other risks detailed in the Company's periodic reports filed with the Securities and Exchange Commission.

Trinity Biotech develops, acquires, manufactures and markets diagnostic systems, including both reagents and instrumentation, for the point-of-care and clinical laboratory segments of the diagnostic market. The products are used to detect infectious diseases and to quantify the level of Haemoglobin A1c and other chemistry parameters in serum, plasma and whole blood. Trinity Biotech sells direct in the United States, Germany, France and the U.K. and through a network of international distributors and strategic partners in over 75 countries worldwide. For further information please see the Company's website: www.trinitybiotech.com.

Source: Trinity Biotech

LONDON—Summit Partners, a global growth equity firm, has been named Venture Capital/Growth Firm of the Year by Dow Jones Financial News in the publication’s Awards for Excellence in Institutional Private Equity Europe 2013.

The prestigious awards program considers factors such as firm growth and ability to seize market opportunities. Summit Partners was recognized by Financial News as a veteran in the European venture capital market with a consistently successful growth equity and credit model. Particularly noted was Summit’s sale of Belgium payments provider Ogone to Ingenico in March 2013.

Since Summit began investing in Europe in 2000, the firm has invested in more than 25 companies across the continent in numerous industry sectors including software, communications technology, financial services, energy, healthcare, consumer products, internet, mobile, security and ecommerce. These companies include 360T Group, Acturis, AVAST Software, Fermentas International, Jamba!, Ogone, SafeBoot Holdings, Telerik, vente-privee.com, Web Reservations International, Welltec International and Westwing Group. Summit Partners established its London office in 2001 and began investing from a €1.0 billion dedicated European private equity fund in 2010.

“Summit has had the opportunity to partner with exceptional entrepreneurs and innovative companies in Europe, helping them to expand locally and around the world,” said Scott Collins, a Managing Director with Summit Partners who heads the firm’s London office. “We are delighted to be recognized by Financial News for our work in the European growth community.”

About Summit Partners
Founded in 1984, Summit Partners has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 365 companies globally in technology, healthcare and other growth industries. These companies have completed 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Summit maintains offices in North America, Europe and Asia and has invested in companies around the world. For additional information, visit www.summitpartners.com.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

SAN FRANCISCO, CA—RiskIQ, a leading provider of security solutions beyond the firewall, today announced it has received $10 million in Series A funding from Summit Partners, a global growth equity firm. Summit Partners’ investment, the first institutional funding accepted by four-year-old RiskIQ, will allow the company to expand development of its unique cybersecurity product offering, and increase investments in sales, marketing, and other business development activities.

In its short history, RiskIQ has achieved a remarkable level of penetration among large corporations seeking better visibility into threats beyond the firewall. Currently serving many Fortune 500 companies, RiskIQ uses a global proxy network spanning nearly 40 geographic locations to monitor key websites and mobile applications that reside outside of corporate control. The company’s proprietary crawling technology continuously scans tens of millions of web pages each day, alerting corporate customers to millions of potential threats including malware, phishing, stuffing, click fraud, brand abuse, intellectual property violations and more.

Monitoring the full range of external threats beyond the firewall is an expensive task that requires a truly web-scale platform for threat and policy scanning, along with the analytics and intelligence to understand how a website element or mobile application can damage a company’s reputation, customers, or business. RiskIQ’s comprehensive solutions detect zero-day threats by addressing four critical problem areas: web scanning, mobile app security monitoring, brand and trademark protection, and malicious ad (malvertisement) prevention. No other solution on the market offers the combination of broad coverage, extensive reach, and depth of analysis that RiskIQ does.

“As our success to date has proven, enterprises of all types are concerned about the changing threat environment. Many of their most valuable digital assets lie outside company firewalls where hackers can perpetrate fraud or steal confidential data,” said Elias Manousos, Chief Executive Officer and co-founder of RiskIQ. “This major capital infusion from Summit Partners will allow us to continue accelerating the pace of innovation with our proprietary approach to web and mobile security, while expanding our global customer base.”

Having gained an early leadership position, RiskIQ will use the Summit Partners investment to grow its footprint globally with strategic expansions in all areas of sales, marketing and product development.

“Summit has a long track record investing in category-defining security software businesses that achieved rapid growth and profitability prior to raising outside capital. We believe that RiskIQ’s unique software platform allows customers to extend security beyond the enterprise perimeter and to protect the reputation of a business, along with the health of its digital business network. With borderless computing networks becoming the norm for companies of all sizes, RiskIQ is turning unknown threats—malware distribution, brand abuse, affiliate fraud and other risks—into known and addressable situations,” said Greg Goldfarb, Managing Director, Summit Partners. “With its robust and differentiated technology, RiskIQ has a clear opportunity to lead the external security threat detection market.”

About RiskIQ
RiskIQ is a leading provider of enterprise security solutions beyond the firewall. The company’s proprietary technology intelligently interacts with websites and mobile applications, modeling user behavior to detect anomalies, policy violations and previously undetected threats. Armed with a purpose-built, worldwide proxy network that spans the globe, the company scans millions of web pages and mobile applications to provide enterprises with visibility and control beyond their corporate borders. As active participants of the Online Trust Alliance (OTA) and the Cloud Security Alliance (CSA), RiskIQ is at the forefront of defining security for emerging digital ecosystems. RiskIQ is headquartered in San Francisco and is backed by growth equity firm Summit Partners. To learn more about RiskIQ, visit www.riskiq.com.

About Summit Partners
Founded in 1984, Summit Partners has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 365 companies globally in technology, healthcare and other growth industries. These companies have completed 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable Summit investments in the security market include AVAST! Software, McAfee, NetWitness (acquired by EMC Corporation), Postini (acquired by Google), SafeBoot Holdings BV (acquired by McAfee), and Sybari Software (acquired by Microsoft). Summit Partners maintains offices in Boston, Menlo Park, London and Mumbai. For additional information, visit www.summitpartners.com.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Industry Luminaries Frank Caufield, Regis McKenna, and Peter Chung join WebAction’s Board of Directors

PALO ALTO, CA–WebAction, Inc., the Real-Time Big Data Server company, today announced that it has closed an $11 million Series B financing led by Summit Partners, a leading global growth equity firm. The new capital will allow WebAction to expand research and development, and increase investments in sales, marketing, and other business development activities.

WebAction Real-Time Big Data Server is an end-to-end platform that enables the next generation of real-time, data driven applications by acquiring, processing, and delivering structured and unstructured data. The platform allows data to be filtered, processed, enriched, and correlated while it is still in motion. WebAction users can act on diverse data in massive volumes and maximize the value of big data within their enterprises.

“We are delighted to have Summit Partners join the team as their experience and success with rapidly growing companies makes them the ideal partner for WebAction,” said Ali Kutay, Chairman and CEO of WebAction. “Given our prior joint successes with Summit Partners,” he added, “we are well positioned to deliver industry-leading solutions to the enterprise market.”

Ali Kutay was President & CEO of a former Summit Partners portfolio company, GoldenGate Software, that was acquired by Oracle in 2009. In addition, he served on the Board of Ogone, a Summit Partners portfolio company that was acquired by Ingenico in March 2013.

Peter Chung, a Managing Director of Summit Partners who has joined the WebAction Board of Directors, said, “It is a rare privilege to have the opportunity to back Ali Kutay and the WebAction team in another transformative company. We know from our history together at GoldenGate Software that this team can combine product vision and deep technical expertise to deliver uniquely valuable mission-critical solutions to their customers. We look forward to partnering with the WebAction team in support of the company’s long-term growth strategy.”

In addition to Summit Partners, WebAction added Kleiner Perkins Caufield & Byers cofounder Frank Caufield and Silicon Valley marketing guru Regis McKenna as investors and members to its board of directors.

About WebAction
WebAction, Inc. is the Real-Time Big Data Server provider whose technology acquires, processes, and delivers structured and unstructured data across the IT infrastructure with minimum latency and overhead. Founded in 2012 by data management veterans, WebAction is headquartered in Palo Alto, CA. For additional information, visit www.webaction.com.

About Summit Partners
Founded in 1984, Summit is a growth equity firm that has raised nearly $15 billion in capital, and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 365 companies globally in technology, healthcare and other growth industries. These companies have completed 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable investments in the software sector include: Clearwater Analytics, Delphix, GoldenGate Software, Hyperion Software, McAfee, Postini, ProClarity, RightNow Technologies, Solutionreach, Unica and Wildfire Interactive. Summit Partners maintains offices in Boston, Menlo Park, London and Mumbai. For additional information, visit www.summitpartners.com.

WebAction® is a registered trademark of WebAction, Inc. All other trademarks mentioned in this release are the property of their respective owners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

PERTH, AUSTRALIA and ABERDEEN, SCOTLAND—Specialist downhole tool provider Peak Well Systems (“Peak”) announced today that growth equity firm Summit Partners has invested in the company. The agreement follows a careful selection by Peak to find a suitable growth partner to support its plans for continued business expansion.

Summit Partners brings a wealth of specialist growth experience in helping rapidly growing companies achieve their goals, including acquisition expertise and access to additional funding if required.

Peak was established in 2002 to provide the upstream industry with advanced intervention technology to reduce operating costs and improve well performance. Ten years later and still independent, Peak has become a provider of choice for major oil companies, national oil companies and service companies around the world. Today, the company employs 80 staff from its regional offices in Australia, the United Kingdom, Malaysia and the Middle East.

Peak’s flagship product line is the proprietary SIM System, a range of superior, slickline-conveyed and recoverable tools that offer numerous well intervention and production enhancement benefits. The unique, patented design of the SIM System reduces operating costs and removes potential safety hazards inherent in alternative systems.

Nigel Avern, Chief Executive of Peak, commented: “Peak’s shareholders agreed that it was the right time in the company’s development to align with a new partner, one that is more able to both match and support our ambition for further growth. We are very excited to be working with Summit Partners, which has a highly successful track record of supporting technology-based companies around the world achieve their aims.”

Christian Strain, a Managing Director with Summit Partners who will join the Peak Board, said: “The competition to invest in Peak Well Systems was fierce and rightly so, given the company’s exceptional growth over the past years. Peak has excellent products, a world-class management team and a winning strategy, all of which are a valuable proposition for us in order to help maximise the company’s future growth potential.”

“Summit Partners has been making investments in rapidly growing, market-leading companies for nearly 30 years, and we are pleased to partner with Peak,” added Johannes Grefe, a Vice President with Summit Partners who will also join the Peak Board.

About Peak Well Systems
Peak Well Systems (www.peakwellsystems.com) designs and manufactures technically advanced downhole tools that extend well life, restore well integrity and enhance well performance. Peak’s portfolio of products includes solutions for routine and high-deviation well intervention, heavy duty fishing, zonal isolation, extending or restoring well integrity, downhole data acquisition, wellbore clean-up and debris removal.

About Summit Partners
Summit Partners (www.summitpartners.com) is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised nearly $15 billion in capital and provides equity and credit for growth, recapitalizations and management buyouts. Summit has invested in more than 365 companies globally in technology, healthcare, and other growth industries. These companies have completed 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable investments in the technology and energy sectors include Hittite Microwave, Welltec International and Ubiquiti Networks.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20-22 Bedford Row, London, WC1R 4JS. UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

New round led by Summit Partners and includes existing investor Foundation Capital

VANCOUVER, BRITISH COLUMBIA—Visier, the innovation leader in workforce analytics and planning solutions, today announced that it has raised $15 million in Series B financing. The round was led by growth equity investor Summit Partners and included existing investor Foundation Capital. Visier will use the capital to fuel investments in innovation and fund strategic growth initiatives that support its aggressive, global go-to-market strategy.

Since its founding in 2010, Visier has re-defined how enterprise organizations approach workforce analytics by delivering out-of-the-box HR analytics that combine the sophistication of predictive capabilities with the ease-of-use of consumer applications. Visier Workforce Analytics gives business leaders and HR professionals the insight they need to take action to reduce workforce costs, improve productivity, attract and retain top talent, and optimize their people strategy to meet their business strategy.

“Visier’s first two years were spent creating a revolutionary way to approach analytics,” said John Schwarz, Founder and CEO of Visier. “Since taking that solution to the market last year, customers have consistently told us they have never seen anything like Visier, and they are delighted with how Visier Workforce Analytics is helping to transform their businesses. With this capital infusion from top-tier investors Summit Partners and Foundation Capital, Visier will accelerate the release of new product offerings, continue to drive innovation in analytics, and grow market share through international expansion.”

Led by business intelligence visionaries including former Business Objects CEO John Schwarz, Visier’s leadership team has a proven track record of successful technical, operational and strategic management with companies including Business Objects, Crystal Decisions, SAP, IBM and Symantec.

“Visier is a market leader in the workforce analytics software industry. The company has created an amazing experience for business users, and solved the challenge of delivering real business insight—not analytic infrastructure—through the cloud in a fraction of the time required to get traditional analytics solutions up and running,” said Greg Goldfarb, a Managing Director with Summit Partners who is joining the Visier Board. “As a long-time investor in software companies, Summit Partners is pleased to support this extraordinary management team that has built a rapidly growing company that is so focused on delivering business value to its customers.”

Visier is the choice of enterprise leaders that understand their greatest investment is their people. Representative customers include ConAgra Foods, CareFusion, Informatica, and Hyatt Hotels.

About Visier
Headquartered in Vancouver, B.C. and San Francisco, CA, Visier delivers workforce analytics through the cloud to empower HR professionals with the most critical insights for optimizing their people strategy to meet their business strategy. Visier's unique analytics combine the sophistication of predictive capabilities with the ease-of-use of consumer applications. Founded in 2010 by business intelligence experts–including former Business Objects CEO John Schwarz–the company's leadership team has a proven track record of technical, operational and strategic management success with companies such as IBM, SAP and Symantec. The company has received numerous industry awards for its innovative technology and products. For more information, please visit http://www.visier.com.

About Foundation Capital
At Foundation Capital, we’re dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. We helped Atheros create the mobile Internet, EnerNOC invent the energy demand response market, and Netflix revolutionize media distribution and consumption, among many others. We're currently invested in more than 80 high-growth ventures in the areas of consumer, information technology, software, semiconductors, and clean technology including BoardVantage, Chegg, Coverity, Lending Club, MobileIron, Simply Hired, Sunrun, TubeMogul and Venafi. Foundation Capital’s eighteen initial public offerings include Envestnet, Financial Engines, Netflix, NetZero, Responsys and Silver Spring Networks. For more information, please visit http://www.foundationcapital.com.

About Summit Partners
Summit Partners (http://www.summitpartners.com) is a growth equity firm that invests in rapidly growing companies across North America, Europe and Asia. Founded in 1984, Summit has raised nearly $15 billion in capital and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 365 companies globally in technology, healthcare and other growth industries. These companies have completed 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable investments in the software sector include: Clearwater Analytics, McAfee, RightNow Technologies, Hyperion Software, GoldenGate Software, Postini, ProClarity and Unica. Summit Partners has offices in Boston, Menlo Park, London and Mumbai.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

CEDAR RAPIDS, IA—RuffaloCODY, the leading provider of technology-enabled fundraising and enrollment management services for higher education and high affinity-based nonprofit organizations, announced today that Summit Partners, a growth equity investor in rapidly growing companies, has made an investment in the company. Lazard Middle Market advised RuffaloCODY on this transaction.

“This commitment by Summit Partners will assist RuffaloCODY with plans to significantly expand our national and international presence and extend service offerings in both existing and new markets,” said Duane Jasper, RuffaloCODY President and CEO. “Summit’s experience working with high-growth organizations like RuffaloCODY will help accelerate our cutting-edge development and innovation.”

Added Al Ruffalo, RuffaloCODY Founder and Executive Chairman, “Our four-year partnership with exiting equity investors North Bridge Growth Equity and Westview Capital Partners was very successful, and provided a strong foundation for future growth. They helped double our business and solidify our market presence, and we are grateful for the support and confidence they placed in our firm.”

RuffaloCODY has delivered outstanding results and continued growth, providing nonprofit clients with data-driven services and initiatives unique to the marketplace. The company has been recognized by Inc. Magazine as one of America’s fastest-growing private companies for more than seven consecutive years, and it has also received recognition for job creation.

“We are investing in a strong management team, a compelling business model, and a market-leading company,” said Len Ferrington, a Principal with Summit Partners who will be joining the RuffaloCODY Board, along with Summit Managing Director C.J. Fitzgerald. “We look forward to assisting Duane Jasper, Al Ruffalo and the RuffaloCODY team as they continue to grow the company.”

In addition, the company recently announced plans to move into a new 88,000-square-foot-facility near the Kirkwood Community College campus early next year. The new facility will house all Cedar Rapids operations and provide space for the anticipated growth from 500 to 800 full-time staff over the next few years. RuffaloCODY plans to hire in the areas of software development, project management, data management and graphic design, as well as various client and corporate support positions.

About RuffaloCODY
Founded in 1991 and headquartered in Cedar Rapids, IA, RuffaloCODY (www.ruffalocody.com) employs more than 500 full-time staff throughout the United States, Canada and Australia. The company is the leading provider of technology-enabled fundraising and enrollment management services for higher education and high affinity-based nonprofit organizations. Today, RuffaloCODY serves more than 900 nonprofit organizations and institutions of higher education.

About Summit Partners
Summit Partners (www.summitpartners.com) is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised nearly $15 billion in capital and provides equity and credit for growth, recapitalizations and management buyouts. Summit has invested in more than 365 companies globally in technology, healthcare and other growth industries. These companies have completed 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Summit Partners has offices in Boston, Menlo Park, London and Mumbai. Notable companies financed by Summit Partners include AlphaSmart, Heald College, Hyperion Solutions, McAfee Associates, RightNow Technologies, Trident University International, Unica, WebEx Communications and Wildfire Interactive.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

Summit Partners leads investment and joins Acacia’s Board

MAYNARD, MA—Acacia Communications, the leader in delivering intelligent transceivers for ultra-high speed fiber optic transmission to the telecommunications infrastructure industry, announced today that it has closed a new $20 million round of financing with Summit Partners serving as the lead investor. Existing investors Matrix Partners, Commonwealth Capital Ventures and Egan Managed Capital also participated in the round. Summit Partners Managing Director, Peter Chung, will join Acacia’s Board of Directors.

“We are pleased to have a new investor of the caliber and reputation of Summit Partners join our existing group of top-tier investors,” said Acacia President and CEO Raj Shanmugaraj. “Enthusiastic investor support culminates an exciting year of growth across all dimensions of our business and validates the market momentum we’ve established in the fast-growing coherent 100G transceiver market. Acacia has developed fundamentally innovative technologies that dramatically drive down the costs, size and power of high-speed fiber optics communication equipment. We will continue to expand into multiple market segments through the development of new products, as we position the company for long-term growth.”

Peter Chung, a Managing Director of Summit Partners said, “We believe Acacia has the team, the technology and the track record of execution necessary to deliver industry-leading solutions to its customers and superior financial performance for investors. The company is very well-positioned to lead the optical networking industry into the 100G era. We look forward to partnering with the Acacia team and the current investors in support of the company’s long-term growth strategy.”

Shamim Akhtar, Senior Director of Network Strategy at Comcast pointed to 100G deployments as growing rapidly in their network due to compelling economics compared to 40G or even 10G. “Comcast requires flexible, scalable and cost-efficient solutions that are enabled by coherent technologies and optimized photonic integration, where constant innovation is needed,” he said.

Acacia will utilize the new round of funding to execute its long-term growth strategy and deliver innovative solutions as the company expands into multiple markets and develops and/or acquires core technologies.

Acacia’s industry-leading, coherent OIF-compliant AC100 modules provide unmatched optical performance for data center operators, cable operators and service providers. The company recently announced that it had significantly expanded its worldwide headquarters in Maynard, MA, tripling its lab facilities to accommodate robust growth in its customers and employees.

About Acacia Communications
Acacia Communications Inc. was founded by prominent industry experts Mehrdad Givehchi, Benny Mikkelsen and Christian Rasmussen. Acacia provides advanced solutions to the optical transport and network infrastructure equipment market for coherent 100G, 200G, 400G and beyond transceivers. By working in close collaboration with customers and suppliers, Acacia designs, manufactures and sells leading-edge optical transponder technology that enables customers to reduce overall development costs while increasing performance and reducing time to market. As worldwide network bandwidth continues to grow exponentially, Acacia is committed to continuing to build transformative products to meet the demand for the expanded adoption of 100G based systems globally, with leading performance solutions at the lowest total cost to market of any solutions in the industry. Acacia is headquartered in Maynard MA and has an office in Hazlet, New Jersey. For more information about Acacia, go to www.acacia-inc.com.

About Summit Partners
Summit Partners is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised nearly $15 billion in capital and provides equity and credit for growth, recapitalizations and management buyouts. Summit has invested in more than 365 companies globally in technology, healthcare, and other growth industries. These companies have completed 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable investments in the communications technology sector include Accedian Networks, E-TEK Dynamics, Finisar, Hittite Microwave, M/A COM Technology Solutions and Ubiquiti Networks, among others.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20-22 Bedford Row, London, WC1R 4JS. UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

San Francisco-based Coffee Retailer Poised for Significant Growth Expansion

SAN FRANCISCO AND MENLO PARK, CA—Philz Coffee, a specialty coffee retailer with cafés in the San Francisco Bay Area, today announced that it has entered into a minority growth equity investment partnership with Summit Partners. Philz Coffee delivers its own exclusive blends of coffee along with personal customer service – brewed one perfect cup at a time.

The story behind Philz Coffee starts with Phil Jaber, who immigrated to the United States as a boy. Once Phil had scratched together enough capital, he opened a corner grocery store in San Francisco’s Mission District. Phil’s passion for coffee led him to spend hours every day developing special blends bean by bean, roast by roast. For 25 years, Phil perfected the blends that customers can now only find at Philz Coffee. He began offering these exclusive blends, brewed one cup at a time, in his Mission District grocery store. As word of mouth grew, he took the risk of shutting down his successful business and replaced it with the first Philz Coffee store in 2003. Since then, Philz Coffee has expanded to 13 locations across the Bay Area, as customers continue to share their enthusiasm for Philz with friends, family and colleagues.

Jacob Jaber, the 26-year-old CEO of Philz Coffee, shares his father’s passion for delivering a special coffee experience. Since Jacob turned 18, he has been helping his father run the company. According to Jacob, the investment will be used to help Philz bring its unique coffee approach to more customers in the Bay Area and other regions of the country.

Following the investment, Jacob and Phil Jaber will continue to hold majority control of the company, and will lead Philz Coffee as it continues its mission to better the day for more people.

“My dad started this business because of his strong passion for coffee, people and what coffee did – namely, to bring people and communities together,” notes Jacob. “Our goal will always be to nourish this and continue delivering a genuine customer experience through a personalized cup of love and great service. I don’t think of Philz as being in the coffee business. I strongly believe we are in the people business. We want each of our customers to leave our stores saying, ‘Damn, that was awesome!’ We are also passionate and committed to creating a great work environment for our team members, whom we believe are the most important asset in our business. Without them, we have no customers.

“From early on, I knew that we had a huge opportunity in front of us – changing the way people drink coffee. To achieve this ambitious vision, we needed to partner with someone who not only could provide capital, but also could share our values and passion. Soon after meeting Greg and the folks at Summit Partners, I knew that they were different. Summit understood Philz intellectually and viscerally, which is what attracted me to them. Not to mention, they are all huge Philz fans. We are ecstatic to partner with such a respected firm. To me, this is not just an investment – it’s a partnership built on a foundation of respect and passion for Philz’ vision, mission and values,” he added.

“Phil and Jacob Jaber are a story of passion, drive and entrepreneurship that can only happen in America,” said Greg Goldfarb, a Managing Director with Summit Partners. “Bean by bean and step by step for nearly three decades, they have developed a superior product and experience that customers know is uniquely Philz. Impressively, they have accomplished this with no outside capital – just through tremendous drive and by staying true to their customers. There is an exceptional set of values at the core of Philz, and Summit is enthusiastic about helping them sustain this passion as it grows. Philz is unlike anything a consumer has ever experienced with coffee.” In connection with the investment, Summit’s Goldfarb is joining the Philz Coffee Board.

About Philz Coffee
Philz Coffee focuses on making the best drip coffee. Each cup is handcrafted and made one cup at a time at its retail stores, and is served by friendly Baristas dedicated to customizing each cup of love. Philz doesn’t do espresso, lattes and cappuccinos... they believe in being great at a few things – handcrafted drip coffee and personalized customer service.

About Summit Partners
Summit Partners (www.summitpartners.com) is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised nearly $15 billion in capital and provides equity and credit for growth, recapitalizations and management buyouts. Summit has invested in more than 365 companies globally in technology, healthcare and other growth industries. These companies have completed 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Summit Partners has offices in Boston, Menlo Park, London and Mumbai. Notable companies financed by Summit Partners include Tiny Prints, vente-privee.com, Wildfire Interactive, The Mutual Fund Store, RightNow, McAfee, Hyperion and many other industry leaders.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

PARIS, FRANCE—Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, today announces the final closing of the acquisition of Ogone, leading pan- European online payment services provider, after having been informed of the non-opposition from the National Bank of Belgium. [Summit Partners invested in Ogone in 2010.]

About Ingenico (Euronext: FR0000125346 – ING)
Ingenico is a leading provider of payment solutions, with over 20 million terminals deployed in more than 125 countries. Its 4,000 employee worldwide support retailers, banks and service providers to optimize and securire their electronic payments solutions, develop their offer of services and increase their point of sales revenue. More information on www.ingenico.com.

NORCROSS, GA—FleetCor Technologies, Inc. (NYSE: FLT) today announced that the previously announced underwritten offering of 4.5 million shares of FleetCor common stock by selling stockholders has been commenced by the underwriter to purchasers in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. FleetCor will not sell any shares in the offering and will not receive any proceeds from the offering.

Citigroup is acting as sole underwriter for the offering.

In addition, FleetCor has entered into a share repurchase agreement with certain of the selling stockholders pursuant to which it intends to repurchase up to 4 million additional shares of its common stock for up to $200 million from such selling stockholders concurrently with the closing of the underwritten offering of 4.5 million shares. The share repurchase will be effected in a private transaction at a price per share equal to the price paid by the underwriter in the underwritten offering. FleetCor expects to fund the purchases with borrowings under its credit facilities. The closing of the share repurchase is contingent on the closing of the offering. The closing of the offering is not contingent on the closing of the share repurchase.

A shelf registration statement (including prospectus) relating to the shares is effective with the Securities and Exchange Commission. A preliminary prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission. Before you invest, you should read the prospectus, the preliminary prospectus supplement and other documents filed with the Securities and Exchange Commission for more complete information about FleetCor and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission Web site at www.sec.gov. Alternatively, copies of the prospectus and prospectus supplement may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The offering of these securities will be made only by means of the prospectus supplement and the accompanying prospectus.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about FleetCor’s beliefs, expectations and future performance, are forward-looking statements. Forward-looking statements can be identified by the use of words such as “anticipate,” “intend,” “believe,” “estimate,” “plan,” “seek,” “project” or “expect,” “may,” “will,” “would,” “could” or “should,” the negative of these terms or other comparable terminology. Examples of forward-looking statements in this press release include statements relating to the anticipated share repurchase. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement, such as the risks and uncertainties identified under the caption “Risk Factors” in FleetCor’s Annual Report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission on February 29, 2012. FleetCor believes these forward-looking statements are reasonable; however, forward-looking statements are not a guarantee of performance, and undue reliance should not be placed on such statements. The forward-looking statements included in this press release are made only as of the date hereof, and FleetCor does not undertake, and specifically disclaims, any obligation to update any such statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments.

About FleetCor
FleetCor is a leading global provider of fuel cards and workforce payment products to businesses. FleetCor’s payment programs enable businesses to better control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. FleetCor serves commercial accounts in North America, Latin America, and Europe. For more information, please visit www.fleetcor.com.

Combined commitment to clinical excellence, patient quality of life, physician leadership

DENVER, CO and TORRANCE, CA—DaVita Inc. (NYSE: DVA), a leading provider of kidney care services that is committed to improving the quality of life for those diagnosed with chronic kidney disease (CKD), announced the closing of its previously announced merger with HealthCare Partners, one of the nation’s largest operators of medical groups and physician networks. The merged entity is now named DaVita HealthCare Partners Inc. [Summit Partners invested in HealthCare Partners in 2005.]

“DaVita® and HealthCare Partners® share a passion for and commitment to clinical excellence and improving our patients’ health and quality of life while helping to control the overall cost of health care,” said Kent Thiry, Co-Chairman and CEO of DaVita HealthCare Partners. “As DaVita HealthCare PartnersSM, we will remain focused on that commitment to providing our patients great quality and service while continuing to offer our teammates a great place to work.”

“We are excited to be joining forces with DaVita to be one of the leaders in the transformation of American health care to higher quality, efficiency and value,” said Dr. Robert Margolis, CEO of HealthCare Partners.

HealthCare Partners will be an operating division of DaVita HealthCare Partners. The HealthCare Partners senior management team will continue to manage the existing business, and Dr. Margolis has joined the board of directors and become Co-Chairman of DaVita HealthCare Partners alongside Co-Chairman Mr. Thiry. Dr. Margolis will also be a member of the Clinical Performance Committee of the Board.

DaVita HealthCare Partners, DaVita, and HealthCare Partners are trademarks or registered trademarks of DaVita HealthCare Partners Inc. All other trademarks are the property of their respective owners.

About DaVita HealthCare Partners
DaVita HealthCare Partners, a Fortune 500® company, is the parent company of DaVita and HealthCare Partners. DaVita is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end stage renal disease. As of September 30, 2012, DaVita operated or provided administrative services at 1,912 outpatient dialysis centers in 43 states in the United States serving approximately 150,000 patients, and at 24 centers in five countries outside of the United States that serve approximately 1,000 patients. HealthCare Partners manages and operates medical groups and affiliated physician networks in California, Nevada, Florida and New Mexico in its pursuit to deliver excellent-quality health care in a dignified and compassionate manner. As of September 30, 2012, HealthCare Partners provided integrated care management for nearly 745,000 managed care patients, including more than 190,000 Medicare Advantage members. For more information, please visit DaVitaHealthCarePartners.com.