Venture fund performance began to recover from the excesses of the bubble years in 2003 and 2004 before dipping again in the following two years of 2005 and 2006. There are signs these now mid-life funds with ’05 and ’06 vintages are starting to hit a better stride.

ExactTarget prices its IPO above range, the latest big exit into public markets for VCs.

Ready to join a blue-chip venture capital firm to lead their start-up recruiting efforts?

Mike Taylor has joined Dallas-based Teakwood Capital as managing director for talent. Taylor has over 30 years’ experience in executive search and coaching within the BPO, Technology, and Software sectors, with both public and private companies. His past clients include Technology Crossover Ventures, Austin Ventures and Battery Ventures as well as corporate names such as [...]

Genesys, a provider of customer service and contact center software, has appointed a new board including executives from Genesys, Permira, Technology Crossover Ventures, and Banneker Partners. The board members are Paul Segre, Genesys, who has been a senior executive at the company since 2002; Tom Lister, co-managing partner, and Brian Ruder, partner, from Permira; Jake [...]

A Permira portfolio company has completed the acquisition of Genesys, a global specilaist in contact center technology software, from Alcatel-Lucent. Technology Crossover Ventures and certain co-investors of the Permira funds also participated in the transaction. The transaction values the company at USD$1.5 billion. Genesys is headquartered in Daly City, CA. PRESS RELEASE Permira, the European [...]

Will Griffith has left venture firm Technology Crossover Ventures, peHub has confirmed. Griffith joined the firm in 2000 and became a general partner in 2003. He worked with portfolio companies including 2Wire, Adknowledge, MoneyExpert, Orbitz, Tiny Prints, Travelport and Whitepages. Before joining TCV, Griffith was an associate at The Beacon Group, a private equity firm that was acquired by JP Morgan Chase in 1999. The news was first reported by Fortune.

Hellman & Friedman Capital Partners portfolio company OpenLink is acquiring Technology Crossover Ventures‘ portfolio company SolArc, provider of commodity management software solutions. ArchPoint Partners served as SolArc’s investment banker, and Wilson Sonsini Goodrich & Rosati served as SolArc’s outside legal counsel in this transaction. Financial terms of the transaction were undisclosed. PRESS RELEASE ArchPoint Partners [...]

Technology Crossover Ventures has invested an undisclosed amount into Sitecore, a maker of website content management and online marketing software. Terms were not disclosed. David Yuan, a TCV General Partner, will join the current Sitecore board. Also joining the board will be Bob Burke, former CEO of Art Technology Group.

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