Trending on peHUB this week: Splunk, Infoblox, Proofpoint, Sequoia Capital, Sevin Rosen, Mohr Davidow, Thrivent, Spectrum Equity, SurveyMonkey, New Mountain Capital, UTIMCO, Union Square Ventures, True Ventures, King.com

Spectrum Equity, which has invested in SurveyMonkey and Ancestry.com, searches for growth equity deals.

Private equity firm Spectrum Equity and venture capital firm Trident Capital are expected to invest $56 million in healthcare software company HealthMEDX Inc for a controlling stake, writes Reuters. As part of the investment, former president of McKesson Technology Solutions, Pamela Pure, will join HealthMEDX as chief executive officer. (Reuters) – Private equity firm Spectrum [...]

Thomson Reuters, which publishes peHUB, has acquired World-Check, a provider of corruption prevention information. Financial terms were not announced. Spectrum Equity Investors and HarbourVest Partners acquired World-Check in 2007. UPDATE: Spectrum and HarbourVest invested $86 million equity in 2007 for a combined two-thirds of World-Check, a person says. The sale to Thomson Reuters is valued at north of $500 million, the source says. Portico Capital Securities provided financial advice to World-Check.

Online game developer and publisher Jagex Limited has inked an undisclosed amount of funding from Insight Venture Partners, Spectrum Equity Investors and The Raine Group. The new round will help Jagex expand its development and publishing capabilities. As a result of the found, Spectrum Equity’s Chris Mitchell and Jim Quagliaroli, as well as Raine Group representatives Brandon Gardner and John Salter, will join the Jagex board. Jagex is based in Cambridge, England.

In a surprise, Demand Media, the online content creator backed by Oak Investment Partners and Spectrum Equity, has received regulatory approval to go public on the NYSE.

In fact, Demand Media is expected to price its deal on Jan. 25, a source says. The company will likely go public the day after.

Former Canopy Financial president Jeremy Blackburn has now been charged with wire fraud by federal authorities in Chicago, who claim that he allegedly diverted more than $2 million of a $60 million investment in Canopy last summer for “personal expenses and luxury items,” including an attempt to use a false bank statement to get a mortgage on a new home in Malibu.

Blackburn appeared in federal court in Chicago yesterday and is free on $1 million unsecured bond. A committee of outside directors that excludes the founders of Canopy is working with authorities on the case.

As part of the Series D round raised last summer from Spectrum Equity, Foundation Capital and another investor, Canopy agreed to provide audited financial statements and said that Blackburn and two other co-founders would sell up to 10 percent of their shares. Blackburn sold shares for $1.6 million, according to federal authorities, and Individual B, identified as Canopy’s chief technology officer, sold $975,000 worth of shares.Tony Banas, who held the CTO position at Canopy, has not been charged in the case.

An FBI affidavit (see below) also describes interactions between Canopy and KPMG, whose letterhead was allegedly used to provide a falsified audit to investors. KPMG never did audit Canopy’s financials, but it did provide a SAS 70 audit and had e-mailed a sample of an independent audit and other documents to Canopy’s chief administrative officer, who forwarded the documents to Individual B, the FBI said.

Former chief technology officer Tony Banas is not a defendant in this suit and remains on the board of directors, according to the SEC’s complaint, which was filed this week in federal court in Chicago.

Canopy and Jeremy Blackburn, Canopy’s former president and chief operating officer, are defendants, however, and are accused of engaging in a fraudulent scheme to raise $75 million from investors.

The complaint describes false financial statements and a false KPMG audit, along with false bank statements and inaccurate monthly operating reports.

Blackburn is also accused of misappropriating $1.17 million of investor funds for personal use. He allegedly sent the false KPMG audit and false financial statements to former CEO Vikram Kashyap, who has claimed to know nothing about the fraud, and asked Banas in e-mail messages to lie about the existence of the KPMG audit.

This is open enrollment season for healthcare plans, and Canopy’s customers are scrambling to find a replacement for Canopy’s software to get them through it, according to Red Gillen, an analyst at Celent who follows the banking industry.

Canopy’s customers had been very happy with the software until reports broke last week that Canopy had falsified financial statements, Gillen said. They’re telling him they did their due diligence on Canopy and — like a lot of other people, apparently — were taken by surprise.

In a report published in January, another Celent analyst, Bart Narter, rated Canopy’s technology as the best in the industry — better than several older, larger competitors’ — and he said today he stands by that recommendation.

Online genealogy company Ancestry.com yesterday filed for a $75 million IPO, and some people instinctively began buzzing about the prospects for yet another VC-backed IPO (following hits like OpenTable and LogMeIn). Only problem is that Ancestry.com isn’t really VC-backed. At least not anymore.

The Provo-Utah-based company was founded in 1998, and that October raised $10 million in Series A funding from CMGI @Ventures, Epic Ventures and Intel Capital. Less than one year later, it would raise $38 million in Series B funding at a $163 million post-money valuation. The existing shareholders were joined by newbies like Amerindo Investment Advisors, Compaq Computer Corp., L Capital Management, Pivotal Asset Management and Tango Partners. It was all perfectly bubblicious.

Beginning in 2003 and 2004, however, some of those investors began quietly selling shares in Ancestry.com to Spectrum Equity Investors, one of the very few private equity shops to dabble