Jit Sinha was promoted to general partner at JMI Equity, while Brian Hersman and Robert Nye were named principals. Sinha and Hersman each focus on software investments, while Nye targets the Internet sector. PRESS RELEASE JMI Equity, a growth equity firm focused on investing in leading software, internet and business services companies, today announced the [...]

ClickSquared has closed a $9 million round of equity financing, led by Staley Capital and including the company’s existing group of investors Flybridge, JMI Equity and ABS Ventures. ClickSquared is a provider of cross-channel marketing software and services PRESS RELEASE ClickSquared, a global provider of cross-channel marketing software and services, today announced the closing of [...]

Insurance broker Brown & Brown Inc. will pay $395 million in cash to buy Arrowhead General Insurance Agency Inc., a company owned by Spectrum Equity Investors and JMI Equity, Reuters reported. The purchase price is subject to adjustments based on Arrowhead’s working capital, debt and net tax operating losses, Reuters wrote.

CouponCabin.com has raised $54 million in growth financing led by JMI Equity, the company announced Thursday. JMI is taking a minority stake in the online coupon company.

DriveCam, a global driver risk management company, has appointed Drew Martin as chief information officer effective October 3, 2011. DriveCam was recently recognized as #30 in The Wall Street Journal’s listing of Top 50 Venture-Backed Companies. The San Diego-based company has previously secured backing from Leader Ventures, Triangle Peak Partners, Menlo Ventures, JMI Equity, Insight Venture Partners and Integral Capital Partners.

Healthcare business Studer Group has secured a strategic investment from JMI Equity, a growth equity firm focused on investing in software, Internet, business services and healthcare IT companies. Founded in 1992, JMI Equity has invested in more than 100 businesses in its target markets and has over $2.1 billion of committed capital under management.

DoubleVerify, a maker of verification technology for online advertising, has closed on $33 million in new capital. JMI Equity and Institutional Venture Partners led the round, which also included return backers Blumberg Capital and First Round Capital. As a result of the round, Bob Nye of JMI Equity and Dennis Phelps of Institutional Venture Partners have joined the company’s board. Formed in 2008, DoubleVerify has raised a total of $47 million to date.

JMI Equity has made a $30 million investment in BrightLine, a provider of marketing services for the interactive TV advertising sector. JMI will have a minority interest in BrightLine. JMI General Partner Brad Woloson will take a seat on the BrightLine board. New York-based BrightLine’s customers include Unilever, GlaxoSmithKline, Intuit and Cisco.

Corporations and other strategic buyers are presenting buyout shops with serious competition in today’s heated market, but they’re also supplying a rich source of exits, according to the Buyouts cover story, published June 20. As of June 13, strategic buyers around the world bought 15,825 companies, including full or partial stakes, with a combined value [...]

Private equity firms have been increasingly interested in healthcare transactions since sweeping legislation passed by the Obama Administration was enacted to incorporate more Americans into the U.S. healthcare system. However, this time, it was federal regulators that seem to have acted as a catalyst to undo a deal. After the Justice Department detailed antitrust concerns, Kronos, backed by Hellman & Friedman and JMI Equity, the company backed off its agreement to acquire API Healthcare from Francisco Partners.