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Clearlake Capital's Provation Medical Acquires MD-Reports

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Santa Monica-based private equity investor Clearlake Capital said this morning that one of its portfolio companies, Provation Medical , has acquired MD-Reports , a provider of electronic medical record (EMR), practice management (PM), and report writing software. Financial details of the acquisition were not announced.

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Report: Clearlake Capital Seeks To Sell Perforce

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Santa Monica-based private equity investor Clearlake Capital is hoping to sell one of its portfolio companies, Perforce Software , for around $2 billion, according to a report from Bloomberg over the weekend. Perforce has been owned by Clearlake Capital since January of 2018. Bloomberg did not name possible buyers for Perforce.

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Report: Backstage Capital Shifting To Accelerator Model After Fundraising Issues

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West Hollywood-based venture investment firm Backstage Capital is shifting entirely to an accelerator model, according to reports today, after failing to raise a new, $36M venture capital fund. The report--from Axios--said the fund is now entirely focused on its accelerator, Backstage Studio, and also has been cutting staff.

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Report: Venture Capital Dollars In 2017 On Way To Record

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Total venture capital investment dollars in 2017 are on their way to a decade high, according to a new report issued today, with $21.5 The 3Q 2017 PitchBook-NVCA Venture Monitor report said the latest quarter worths of investment brings 2017's total to $61.4 billion invested in the third quarter in more than 1,699 companies.

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Clearlake Capital Sells Provation

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Santa Monica-based private equity investor Clearlake Capital says that it has sold one of its portfolio companies, Provation, which provides software to the healthcare industry. The company also funded the acquisition of four companies for Provation, including MD-Reports, ePreop, iProcedures and endoPRO.

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Relativity Space Raising $500M, Says Report

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billion, according to a report today from CNBC. The report--citing "people familiar with the financing"--says that so far, investors such as Tiger Global, Social Capital, Playground Global, Y Combinator, Bond Capital, Tribe Capital, Jared Leto and Mark Cuban are expected to participate in the funding.

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Report: Scopely Seeking $200M More

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Los Angeles-based mobile game developer Scopely is reported to be seeking to raise $200M in a new funding round, which would value the company at around $3 billion, according to a report. The report, from Bloomberg, said the valuation of the company is up from an earlier $1.9 The report cites "people familiar with the matter".

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