Message Systems pulls in $27 mln

Message Systems, an email infrastructure provider, has received $27 million in funding. The investors were Hercules Technology Growth Capital and return backers LLR Partners and NewSpring Capital.

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LLR backs VersionOne

VersionOne, an agile ALM solutions provider, has closed $20 million in funding from LLR Partners. Shea & Company was financial advisor to VersionOne on the transaction. VersionOne is backed by OpenView Venture Partners.

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Phreesia nets $30 mln in LLR-led round

​Phreesia has closed $30 million in funding. LLR Partners led the round with participation from HLM Venture Partners and Ascension Ventures. According to the company, the capital will be used for growth, product development and customer acquisition. Based in New York City, Phreesia is a healthcare point-of-service platform.

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PE-backed Aasonn appoints new CEO

Aasonn, which is backed by LLR Partners, has named Randy Womack as CEO. Previously, Womack worked at Castlight Health where he served as chief operating officer. Aasonn is a global HR strategy, tech and outsourcing firm.

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TCV, Longitude, LLR funds stand out at Colorado PERA: VCJ

Gains came slowly last year to the Colorado Public Employees’ Retirement Association’s venture portfolio, with the LP continuing to demonstrate a tepid approach to the asset class, affiliate magazine Venture Capital Journal reported.

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peHUB First Read

This Tuesday morning First Read brings you fundraisings aplenty including offerings from Strategic Investment Group, Blackstone, LLR Partners, Harbert and a $1 bln vehicle from Alibaba founder Jack Ma’s private equity firm Yunfeng Capital.

LLR Partners Invests in Orbis Education

Orbis Education, a 9-year-old Indianapolis-based developer of nursing-education software, has received an undisclosed amount of “growth capital investment” from the Philadelphia-based private equity firm LLR Partners. The venture capital firm Lightspeed Venture Partners led an $8 million Series B investment in the company in 2010, at which point the company had raised at least $12 million. […]

LLR Partners and WellPoint Invest in Physicians Immediate Care

LLR Partners and WellPoint have invested an undisclosed amount in Physicians Immediate Care, a Rockford, Ill.-based chain of 20 independently owned medical clinics in the Midwest. LLR is a middle market private equity firm; WellPoint [rovides insurance under the Blue Cross and Blue Shield brands in 13 states PRESS RELEASE: LLR Partners, a middle market private […]

LLR Partners Invests in Message Systems

LLR Partners, a middle-market private equity firm in Philadelphia, today announced it has invested in Message Systems, a 15-year-old, Columbia, Md.- based company that makes email software for marketers and big brands. The transaction returns some money to NewSpring Capital, which invested $6 million in Message Systems in 2010, though neither the amount that LLR […]

Five Below in IPO Talks

Discount chain store operator Five Below, owned by private equity firms Advent International and LLR Partners, is in talks about an initial public offering, according to Reuters. The Philadelphia-based company has already hired part of its underwriting team, writes Reuters. Reuters – Discount chain store operator Five Below, which is owned by private equity firms […]

LLR Partners Scoops up Paragon Technology Group

Philadelphia-based private equity firm LLR Partners will acquire Paragon Technology Group, a provider of tech solutions to public sector clients. Specifics of the transaction were not publicized, but Scott Friedlander has been appointed President and CEO of the company following LLR’s investment in the company. Some equity will be distributed among the firm’s employees, executives and founders.

Stonehenge Growth Equity Exits VectorLearning

Stonehenge Growth Equity has exited its investment in Tampa, Fla.-based online education and training company VectorLearning, the firm announced Wednesday. The profitable exit was part of a recapitalization of VectorLearning completed by LLR Partners. Terms of the exit were not released, though LLR Partners said in August that it was putting $24 million into VectorLearning.

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