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Santa Barbara-based IT monitoring software developer LogicMonitor has been acquired by private equity investor Vista Equity Partners , from its existing owner, Providence Strategic Growth (PSG), the companies said on Tuesday. PSG acquired its stake in LogicMonitorin 2016. Financial details of the acquisition were not announced.
Join local entrepreneurs, SaaS innovators, leading VCs, private equity/angel investors February 23 at the Recurring Revenue Conference, 8-5pm with cocktail reception after. Presented by Clear Capital Advisors.
The funding came from Carrick Capital Partners and Goldman Sachs Growth Equity. The company last raised a funding round back in 2016, which also was led by Goldman Sachs. Mavenlink's round brings the Orange County's total funding to more than $111.5M.
Today, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund which just raised a new fund, and has had some great success in the market. Jeb Spencer: For TVC, closing on our new $115 million software focused growth equity fund at the end of last year made for an exciting 2015.
For starters – we all know the argument that more enterprises are buying SaaS software because it works more easily than on-premise software and that expectations set by our consumer lives to have software as easy and convenient as Amazon, Google or Facebook drives our business lives.
I recently survey more than 150 VC friends from all stages and geographies what they thought about the market by asking “Which of the following statements best describes your mood heading into 2016?” In the case of startups the “buyer” is the VC looking to part cash for “purchasing” equity in your startup.
Tealium , founded in 2008, has raised close to $113 million since its inception, according to Crunchbase , although that number includes both debt and equity deals. Tealium said its business grew by 60 percent in the first half of 2016, but the company did not disclose specifics about its revenue. “We
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