Hellman & Friedman announces hire and two promotions

By Iris Dorbian — 1 month ago

Hellman & Friedman LLC has named Deepak Advani as a managing director. Also, the private equity firm has promoted Zita Saurel and Stuart Banks to managing director. Previously, Advani worked at IBM where he was most recently general manager of IBM Commerce. And, Saurel joined Hellman & Friedman in 2005 while Banks came on board in 2007.

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Clearlake-backed Syncsort promotes Rogers to CEO

By Iris Dorbian — 1 month ago

Syncsort, which is backed by Clearlake Capital Group LP, has promoted Josh Rogers from president to CEO. Prior to joining Syncsort, Rogers worked at IBM and Endeca Technologies. Based in Woodcliff Lake, NJ, Syncsort is an enterprise software provider.

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IBM buys VC-backed Clearleap

By Iris Dorbian — 2 months ago

IBM has acquired Duluth, Georgia-based Clearleap Inc, a provider of cloud-based video services. No financial terms were disclosed. Clearleap was backed by Susquehanna Growth Equity, Trinity Ventures and Noro-Moseley.

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IBM to buy Weather Channel’s digital business

By Luisa Beltran — 4 months ago

IBM said Wednesday it agreed to buy The Weather Company‘s B2B, mobile and cloud-based web properties, including WSI, weather.com, Weather Underground and The Weather Company brand. IBM isn’t buying The Weather Channel TV segment. Instead, the Weather Channel will license weather forecast data and analytics from IBM. Financial terms weren’t announced. The Weather Channel is backed by NBC Universal, the Blackstone Group and Bain Capital.

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IBM acquires Momentum Equity-backed Meteorix

By Iris Dorbian — 5 months ago

IBM has acquired Meteorix, a provider of workday implementation, optimization and integration services for mid-market companies. No financial terms were disclosed. Clearsight Advisors advised Meteorix on the transaction. Meteorix was backed by Momentum Equity Partners.

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IBM purchases venture-backed StrongLoop

By Alastair Goldfisher — 5 months ago

IBM announced on Thursday it has acquired San Mateo, Calif.-based StrongLoop, a provider of software to help developers connect enterprise applications to mobile, Internet of Things and Web applications in the cloud. Terms of the acquisition were not disclosed, but StrongLoop had raised $9 million in funding, including an $8 million Series A round of funding from Shasta Ventures and Ignition Partners in September 2013.

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IBM buys VC-backed Compose

By Iris Dorbian — 7 months ago

IBM has acquired San Mateo, California-based Compose, a provider of database management solutions for developers. No financial terms were disclosed. According to Crunchbase, Compose’s backers included Trinity Ventures, Data Collective, Lerer Hippeau Ventures, SV Angel and Webb Investment Network.

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IBM buys VC-backed Blue Box Group

By Iris Dorbian — 8 months ago

IBM has acquired Seattle-based Blue Box Group Inc, a managed private cloud provider built on OpenStack. No financial terms were disclosed. Blue Box’s backers included Voyager Capital and Founder Collective.

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