193 Views

Insight Venture Partners to buy Fourth

ECI Partners has agreed to sell a majority stake of Fourth to Insight Venture Partners. Financial terms weren’t announced. London-based Fourth provides cloud-based (SaaS) cost control solutions to the hospitality industry. Jefferies advised Fourth/ECI Partners.

133 Views

Insight Venture Partners backs Conga

Colorado-based Conga, a provider of document generation and reporting applications for Salesforce customers, has secured $70 million in funding. The investor was Insight Venture Partners. In addition to the funding, Nikitas Koutoupes and Elodie Dupuy, vice president at Insight Venture Partners, have been added to Conga’s board of directors.

168 Views

PicsArt inks $15 mln

San Francisco-based PicsArt, a photo editing and drawing app, has secured $15 million in funding. The investors were Insight Venture Partners and Sequoia Capital. According to the company, the capital will be used for global expansion and to develop new tools.

135 Views

FireMon recruits Lewandowski as president and COO

FireMon, which is backed by Insight Venture Partners, has named James Lewandowski as president and chief operating officer. Recently, Lewandowski was CEO of FireHost. Headquartered in Overland Park, Kansas, FireMon is a security intelligence solutions provider.

152 Views

Stripes Group leads Series D round for Udemy

San Francisco-based online education marketplace Udemy has secured $65 million in Series D funding. Stripes Group led the round with participation from Norwest Venture Partners and Insight Venture Partners. In conjunction with the funding, Ken Fox, a founder and managing partner of Stripes Group, has been added to Udemy’s board of directors.

263 Views

Path sells to Daum Kakao

San Francisco-based Path Inc, which was rumored to be an acquisition target of Apple last fall, has been scooped up by the South Korean Internet corporation Daum Kakao. Path founder CEO Dave Morin, a former Apple employee, blogged about the sale late Thursday.

178 Views

Francisco Partners completes HealthcareSource acquisition

Francisco Partners has closed its previously announced buy of Woburn, Massachusetts-based HealthcareSource, a talent management solutions provider for healthcare. No financial terms were disclosed. William Blair & Company advised HealthcareSource on the transaction. HealthcareSource was backed by Insight Venture Partners.

Insight Venture Partners-backed Planview names Chynoweth as EVP and CFO

Planview, a portfolio company of Insight Venture Partners, has hired Vic Chynoweth as executive vice president and chief financial officer. Previously Chynoweth worked at TPG-owned Vertafore Inc where he served as vice president of finance and accounting. Based in Austin, Texas, Planview is a provider of portfolio management and project collaboration solutions.

142 Views

Insight Venture Partners leads $92 mln round for Virgin Pulse

Virgin Pulse, a provider of a platform designed to increase employee engagement and productivity, has secured $92 million in funding. Insight Venture Partners led the round with participation from other investors that included return backer and parent company Virgin Group. In addition to the funding, Nikitas Koutoupes and Anika Agarwal of Insight Venture Partners have been added to Virgin Pulse’s board of directors.

273 Views

Insight Venture-backed Planview buys Troux

Planview, which is backed by Insight Venture Partners, has acquired Troux, an enterprise solutions provider. No financial terms were disclosed. Lazard was financial advisor to Troux on the transaction.

344 Views

Insight Venture Partners invests in SMS Assist

Insight Venture Partners has invested $45 million in SMS Assist. Chicago-based SMS Assist is a mobile and cloud-based multisite property management company. The Pritzker Group invested in SMS in 2013.

324 Views

Francisco Partners to acquire HealthcareSource

Francisco Partners has agreed to buy Woburn, Massachusetts-based HealthcareSource, a talent management solutions provider for healthcare. No financial terms were disclosed. William Blair & Company provided financial advice to HealthcareSource on the transaction. HealthcareSource was backed by Insight Venture Partners.

127 Views

Insight Venture leads $95 mln Series D funding in Docker, Inc

Insight Venture Partners has led a $95 million Series D funding round in Docker, Inc, an open platform for developers and administrators to build and run applications. Other participants in the funding include Coatue, Goldman Sachs and Northern Trust. Existing investors Benchmark, Greylock Partners, Sequoia Capital, Trinity Ventures and AME Cloud Ventures also invested in the round.

Salomon named CFO of Cherwell Software

Cherwell Software said Wednesday that Elizabeth Salomon has joined as CFO. Most recently, Ms. Salomon was CFO at Marshall &Swift/Boeckh and its holding company Decision Insight Information Group . Cherwell is backed by Insight Venture Partners.

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