JMI Equity Promotes Two In San Diego

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San Diego- and Baltimore-based private equity investor JMI Equity announced a number of promotions this morning, including promoting two individuals in San Diego. According to JMI Equity, it has promoted Sureel Sheth to Principal and Chase Thomet to Vice President in San Diego, in addition to naming a number of new partners and principals out of its Baltimore office. JMI Equity makes growth equity investments in software companies.

$100M Round Turns San Diego’s Seismic into Region’s Newest Unicorn

Xconomy

The venture investment, which the San Diego startup announced Tuesday, is one of only a few so-called mega-rounds—$100 million or more—recorded this year in the region. (In Seismic, an enterprise software company with ambitious growth plans, has raised $100 million in a Series E financing and added Microsoft chairman John W. Thompson to its board of directors.

Swarm Aims To Rejuvenate San Diego's Software Industry

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It hasn''t been a great few months for San Diego''s software and technology industry, as the city has seen three, big software companies move their operations, and thousands of jobs, to Texas. According to Swarm, although San Diego has seen growth in investments in local software companies, it has been falling behind such cities as Austin and Phoenix, which have been growing much faster. growth investment industry software diego swarm

Anzu Partners, With Offices In San Diego, Raises $128.4M Venture Fund

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Anzu Partners , a venture capital and private equity investors focused on industrial technology with offices in the San Diego area, has quietly raised $128.4M revealed its fund in December, saying it invests in breakthrough industrial technologies, with a focus on manufacturing, materials, monitoring and measurement, and modeling. anzu partners diego venture capital private equity carl eibl enterprise connect lajolla

JMI Equity Leads $35M Investment In Lytics

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San Diego-based private equity investor JMI Equity is the lead investor in Lytics , a developer of marketing personalization software, in a $35M, Series C investment announced by Lytics on Thursday. Lytics--which is based in Portland, Oregon--said the funding was led by JMI Equity, and also included existing investors Comcast Ventures, Two Sigma Ventures, Rembrandt Venture Partners and Voyager Capital.

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New VC Firm Blueprint Equity Puts $6M into Florida Software Company

Xconomy

A new venture capital firm, which in November marked its launch by raising a $53 million-plus fund to invest in startups, has made its first investment. Lewis was mostly recently with San.

Under New Ownership, San Diego’s Ad-Juster Names Dennis Clerke CEO

Xconomy

Ad-Juster, a San Diego adtech startup acquired earlier this year by the investment arm of China’s Innotech International Group, Wednesday named local software entrepreneur Dennis Clerke as CEO. Clerke (a San Diego Xconomist) was previously the CEO of Sunnyvale, CA-based NetSeer, an adtech acquired in February by Inuvo (NYSE: INUV , an advertising technology and digital publishing company based in Little Rock, AR.

JMI Equity Invests In Arena Solutions

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San Diego-based private equity investor JMI Equity has made an investment in Foster City, California-based Arena Solutions , the two said this morning. Size of thee investment was not announced. Arena said the strategic growth equity investment will further its growth. Brian Hersman, General Partner at JMI, as well as Suken Vakil, Principal at JMI, will join Arena's Board of Directors as a result of the investment.

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Kopari Beauty Gets Private Equity Investment

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San Diego-based e-commerce beauty brand Kopari Beauty said this week that it has received a private equity investment from LCatterton, along with celebrities Karlie Kloss, Shay Mitchell, Hilary Duff, Mila Kunis, and Ashton Kutcher. capital venture ecommerce fashion beauty kunis mila kloss karlie kutchton ashton lcatterton investment equity private kopari

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San Diego Clean Technology CEOs Line Up Against Proposition 23

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The fight over Proposition 23, the California referendum coming to the polls to overturn AB32, has more backers today, from a group of 30 San Diego CEOs. According to The Green Chamber of San Diego County and those CEOs, they are urging San Diegans to vote no on Proposition 23, saying that the effort to repeal the state's Clean Energy Law would be "be harmful at best and devastating at worst" to its business community, neighborhoods, and the California economy.

JMI Equity Promotes Two

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San Diego- and Baltimore-based private equity investor JMI Equity announced this morning that it has made two promotions. Chang is in San Diego, and has been at JMI Equity since 2013. equity executive larry controlla paul chang private investmentThe company said it has named Larry Contrella as Principal at the company, and named Paul Chang as Vice President. Contrella is based in Baltimore, and has been at the firm since 2010.

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Black Mountain Systems Acquired By Vista Equity Partners

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San Diego-based Black Mountain Systems , a developer of software for credit investors and alternative asset managers, has been acquired by private equity firm Vista Equity Partners. Black Mountain Systems was previously owned by another, private equity investor, Stone Point Capital LLC , which acquired Black Mountain in 2015. black mountain systems vista equity merger acquisition software fintech financial saas cloud

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San Diego Colo Provider Acquired By Private Equity Firm

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San Diego-based American Internet Services, a Internet data center co-location provider, said Tuesday that the firm has been acquired by an investor group lead by private equity firm Seaport Capital. The company did not disclose terms of the acquisition, but said that other investors in the acquiring group were Viridian Investment Partners and DuPont Capital Management.

JMI Equity Backs Jvion's Healthcare AI Software

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San Diego- and Baltimore-based private equity investor JMI Equity is the lead backer of a developer of artificial intelligence software for the healthcare industry this morning. Jvion , a developer of clinical decision support software, said on Thursday that it received a "significant" growth equity investment for the startup, to expand its healthcare AI and prescriptive analytics platform.

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Kyriba Finds $160M In Majority Private Equity Funding

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San Diego-based treasury and finance software developer Kyriba announced late Wednesday that it has raised $160M in a growth funding round, from private equity investor Bridgepoint. According to Kyriba, the investment round will give Bridgepoint a majority stake in its business, and values the company at $1.2 According to Kyriba, the investment will help it accelerate innovation and growth of its platform.

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JMI Equity Invests In PointClickCare

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San Diego- and Baltimore-based private equity firm JMI Equity has invested in PointClickCare , a developer of electronic health records software for the long-term care industry. PointClickCare said the minority strategic investment will go towards organic and inorganic growth. JMI Equity Founder and Managing General Partner Harry Gruner joins PointClickCare's board as part of the funding.

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Cybersecurity Firm Proficio Raises $12M in Private Equity Round

Xconomy

Proficio, a Carlsbad, CA-based startup providing cybersecurity protection services for middle market companies, has raised $12 million in an investment round led by Kayne Anderson Capital Advisors. The Los Angeles-based private equity firm provided funding from its Kayne Partners Fund Group, which invests in high-growth technology businesses.

DealerSocket Gets Investment From Vista Equity Partners

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San Clemente-based DealerSocket , a developer of software-as-a-service for the automotive industry, said Tuesday that it has entered into a strategic investment partnership with private equity firm Vista Equity Partners. Financial terms of the investment were not disclosed. DealerSocket said that it will use the investment to accelerate growth and invest in products, services, and operational scale at the company.

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JMI Equity Invests In Studer Group

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San Diego-based private equity firm JMI Equity has invested in Studer Group , a provider of healthcare performance improvement services for hospitals and medical groups. Size of the investment was not disclosed. Financial details of the investment were not disclosed. equity studer group healthcare performance improvement services hospital lifescience

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JMI Equity Names New General Partners

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San Diego- and Baltimore-based private equity investor JMI Equity announced this morning that it has promoted Suken Vakil and Randy Guttman to General Partner. Vakil is based in San Diego, and Guttman is based in Baltimore. Vakil has been at JMI since 2012, and was most recently serving as a Principal; he helped invest in Applied Systems, Arena, Avecto, Code42, Internet Brands (acquired by KKR), Intradiem, and Seismic.

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JMI Equity Raises $1 Billion Fund

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San Diego-based private equity investor JMI Equity said Wednesday that it has closed on a new, $1 billion growth equity fund, JMI Equity Fund VIII. JMI Equity said the new funds will go towards investments in rapidly growing, high quality software businesses. JMI''s prior investments include such companies as ServiceNow, Eloqua, Axeda, and Autotask, among others. equity venture capital private investment finance financial

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OneRoof Energy Gets New Equity Investment

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San Diego-based solar power financing company OneRoof Energy reports this morning that it has received an investment from GDF SUEZ Energy North America. Financial terms of the investment were not announced, hwoever, OneRoof Energy said the deal gives GDF SUEZ a minority position in the company. GDF SUEZ is a major energy company.

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Corza Health Emerges Led by Former NuVasive, GreatCall Executives

Xconomy

A Chicago-based private equity firm has tapped the former head of NuVasive and finance chief of GreatCall to start a new healthcare company in San Diego. Lucier is also making a “substantial” investment in Corza, according to a statement from GTCR on Wednesday.

EcoATM Parent Outerwall Acquired By Private Equity Investor

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Outerwall , the parent company of San Diego's EcoATM , has agreed to a private equity buyout by Apollo Global Management , about five months after Outerwall launched an effort to find a buyer. EcdoATM is a San Diego company which operates cell phone recycling kiosks at malls and other locations across the nation, and had been the target of activist investors, unhappy with that unit's financial performance.

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ViaCyte Raises $80M to Prep for the Clinic Now, Perhaps an IPO Later

Xconomy

The financing, a Series D round of investment, includes so-called crossover investors that back both public and private companies. CEO Paul Laikind told Xconomy that these investments set up his San Diego company to consider going public in the future.

Quality Built Lands Investment Round From LA's Gallant Capital Partners

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San Diego-based Quality Built , a provider of third-party, quality-assurance services to the residential and commercial construction industry, has received a private equity investment from Los Angeles-based Gallant Capital Partners. Size of the investment was not announced. quality built investment venture capital gallant software analytics construction realestate

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Bio Roundup: Generic Drugs Graft, ASCO Ahead, ElevateBio Rises & More

Xconomy

Generic drugs are supposed to give consumers more choices and a counterweight to more costly branded medications. During his tenure as FDA commissioner, Scott Gottlieb often spoke about generics as a market force that could help tame climbing drug prices. But such tools only work when companies play fair. A lawsuit is now claiming that many top generic drug makers routinely conspired to avoid competition.

Private Equity Investors Have $740 Billion to Spend, Driving Valuations

Xconomy

Private equity investors have more capital at their disposal than at any time in more than a decade, which could boost prices for companies seeking acquisitions. 1, private equity firms in North America and Europe had secured $212.6 As of Aug. billion in new commitments this year, on pace to eclipse the “already stellar” fundraising year they had in 2016, according to a new report and analysis out Thursday from Seattle-based PitchBook.

JMI Equity Backs BrightLine

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San Diego-based private equity firm JMI Equity has backed a provider of marketing services for the interactive TV market. According to New York-based BrightLine , it has scored a strategic growth investment from JMI Equity, with JMI Equity's General Partner Brad Woloson joining the company's board of directors. Size and financial details of the investment were not disclosed.

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Are You Being Deliberate About Diversity in Your Investment Portfolio?

Xconomy

I have heard all of these reasons, and more, from various leaders trying to justify the lack of diversity in their investment portfolios and business deals or leadership teams. “We looked, but we couldn’t find any companies to acquire led by women or founders of color.” “I

Vista Equity Sells Majority Of Websense To Raytheon

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Vista Equity Partners the private equity firm which as been gobbling up San Diego high tech companies and moving them to Texas--has agreed to sell 80 percent of Websense to defense company Raytheon , the three said today. The two said that Raytheon will invest $1.57 Vista Equity will also invest another $335M in the companies for a 19.7 percent equity stake in the new company.

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JMI Equity Backs Capsule Tech

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San Diego-based private equity firm JMI Equity has backed a developer of medical device technology, Capsule Tech , the firms announced today. Terms of the strategic investment were not announced. Capsule Tech said it has named Gene Cattarina as its CEO as part of the investment. capsule tech technology private equity venture capital medical device

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Mitchell International Gets Private Equity Funding

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San Diego-based Mitchell International , a provider of technology and information products for the property and casualty and collision repair industries, has scored a private equity funding from Stone Point Capital. Size of the investment was not announced. According to the companies, Stone Point Capital is acquiring the equity position in Mitchell currently held by KKR> and Elliott Management.

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Forge Therapeutics Raises $15M to Take on Drug-Resistant Superbugs

Xconomy

San Diego-based Forge says it has raised $15 million to support its efforts. MagnaSci Ventures, a Houston-based investment fund focused on early-stage life science companies, led the Series A round of financing.

JMI Equity Boosts CouponCabin.com

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San Diego-based JMI Equity is the lead investor in a first round of funding for online coupons site CouponCabin.com , which said Thursday evening that it has raised $54M in a funding round from JMI Equity. As part of the deal, JMI Equity's Brad Woloson has joined CouponCabin.com's board of directors, which also includes CEO Scott Kluth and Chip Hardt, formerly of McKinsey & Company. capital venture code savings coupons investment couponcabin equity

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