BMC Software completes privatization transaction

BMC Software has completed its acquisition by a private investor group led by Bain Capital and Golden Gate Capital together with Insight Venture Partners, GIC Special Investments Pte Ltd and Elliott Management Corporation. As a result of the completion of the transaction, BMC Software common stock will no longer be listed for trading on NASDAQ.

Chegg Files For IPO; Kleiner, Foundation, Insight, Gabriel Hold Shares

The online site for students, Chegg, filed for a $150 million IPO. According to the company’s Form S-1 submitted to the Securities and Exchange Commission, Chegg had revenue of $116.9 million in the first six months of 2013 and a net loss of $21.2 million. Its major venture investors include Kleiner Perkins Caufield & Byers, Gabriel Ventures, Foundation Capital and Insight Venture Partners.

VC-Backed Pluralsight Buys TrainSignal for $23.6M

Venture-backed Pluralsight, a provider of online training resources to developers, has made its second acquisition in less than a month, announcing today it has acquired Chicago-based TrainSignal for $23.6 million. In late July, Pluralsight bought Seattle-based PeepCode for an undisclosed amount. Pluralsight raised $27.5 million in Series A funding from Insight Venture Partners in January.

HootSuite Raises $165M From Insight, Accel, OMERS: CORRECTION

HootSuite has raised $165 million of Series B funding in a deal led by Institutional Venture Partners and joined by Accel Partners and OMERS Ventures, according to a post on All Things D. IVP’s Jeff Leiberman, Accel’s Ryan Sweeney and OMERS’ John Ruffolo will join HootSuite’s board, the news site reported.

insight-logo

Insight’s Deven Parekh on Raising a $2.57B Tech Fund

Insight Venture Partners, a technology investor active in buyout, growth equity and later stage venture investments, is on a roll with a new fund and a fast exit from bloggin network Tumblr. Going forward, managing director Deven Parekh tells peHUB, he expects the pace of big M&A deals to pick up.

New Relic Raises $80m in Mezz Financing

SaaS-based application management provider New Relic has raised $80 million in mezzanine financing to help the company expand into the mobile market, extend operations to Europe in preparation for a future public offering. Insight Venture Partners led the financing, which also included a major investment from accounts managed by T. Rowe Price Associates, Inc. Other participants included Dragoneer Investment Group LLC, Passport Ventures LLC, and the company’s existing investors Allen & Company, Benchmark Capital, Trinity Ventures and Tenaya Capital.

PEHUB Community

Join the 12494 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget

Groups