Pegasus Solutions Inc., a Dallas-based provider of technology and services to hotels and travel distributors, has acquired Wizcom Inc., a provider of travel reservations processing technology. The seller is Travelport Holdings Ltd., which is owned by The Blackstone Group. Pagasus was acquired in a $275 million public-to-private buyout last year by Prides Capital, Tudor Investment […]
Thule, a Swedish portfolio company of Candover, has acquired Case Logic Inc., a Longmont, Colo.
Alleghany Corp. (NYSE: Y) has agreed to acquire Employers Direct Corp. from Golden Gate Capital and Swiss Re for $195 million. The deal is expected to close in the third quarter. EDC is a direct writer of workers' compensation insurance in California. www.employersdirect.com
Reuters (Nasdaq: RTRSY) has agreed to acquire ClearForest Ltd., a Waltham, Mass.-based provider of text analytics solutions. No financial terms were disclosed for the deal, which is expected to close in around 30 days. ClearForest has raised around $30 million in VC funding since 1998, from firms like Greylock, DB Capital Partners, Pitango Venture Capital, […]
Radware (Nasdaq: RDWR) has acquired Covelight Systems Inc., a Cary, N.C.-based provider of Web-channel data to backend analytic engines for a variety of enterprise uses. The deal was valued at $16 million in cash. Covelight had raised over $6 million in VC funding since 2002, from firms like aurora Funds, Intersouth Partners and NextPoint Partners. […]
Imaging Technologies Services LLC, an Atlanta-based portfolio company of Nautic Partners, has sold its reprographics division to American Reprographics Co. (NYSE: ARP). No financial terms were disclosed. www.itserve.com
Stonehenge Growth Capital has raised $200 million for a junior debt fund that will support privately-held lower-middle-market businesses. www.stonehengecapital.com
Jean Aboumrad reportedly has joined Paris-based private equity placement and secondary firm Triago as head of a new Middle East office in Dubai. He previously was director of investor relations with DTZ's asset management unit. www.triago.com
Adam Fisher has joined Bessemer Venture Partners as a partner. He is based in the firm's Larchmont, N.Y. office, with a focus on BVP's Israel-related investments in both Israel and the U.S. He previously was a general partner with Jerusalem Venture Partners. www.bvp.com
Furqan Nazeeri has joined SoftBank Capital as an entrepreneur-in-residence, with a focus on enterprise software and Internet applications. He most recently served as founder and CEO of Pivot Solutions, a SoftBank Capital portfolio company. www.softbank.com