VC-backed ABILITY Network appoints new CEO

By Iris Dorbian — 6 months ago

Minneapolis-based healthcare information technology company ABILITY Network has named Mark A. Pulido as its new CEO. The appointment becomes effective August 31. Pulido will be succeeding Mark Briggs who is retiring. Pulido will remain in his position as chairman of ABILITY Network’s board. Pulido is a former executive at Freeman Spogli & Company. ABILITY Network’s backers include Summit Partners and Bain Capital Ventures.

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H.I.G. Middle Market to buy HelpSystems

By Luisa Beltran — 6 months ago

H.I.G. Middle Market has agreed to buy HelpSystems LLC from Summit Partners. Financial terms weren’t announced. Eden Prairie, Minnesota-based HelpSystems provides of system & network management, business intelligence, and security & compliance solutions. H.I.G. Middle Market is the middle market affiliate of H.I.G. Capital. Evercore and Credit Suisse advised H.I.G.

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Summit Partners to sell 360T for $794.8 mln

By Luisa Beltran — 7 months ago

Summit Partners said Wednesday it agreed to sell 360T Group to Deutsche Börse AG for total cash consideration of €725 million (US$794.8 mln). Frankfurt-based 360T provides software that helps corporations, banks and other financial firms trade currencies, money-market products and derivatives with each other. Hengeler Mueller and Jefferies LLC advised 360T.

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Summit invests $22.5 mln in Darktrace

By Luisa Beltran — 7 months ago

Summit Partners has invested $22.5 million Darktrace. Cambridge, United Kingdom-based Darktrace provides cyber defense software that helps enterprises and government bodies protect themselves against advanced attacks and data compromises from within the network.

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Advanced Cell Diagnostics rakes in $22 mln

By Iris Dorbian — 8 months ago

Advanced Cell Diagnostics Inc, a developer of cell and tissue-based diagnostic tests for precision medicine, has secured $22 million in Series C funding. Summit Partners led the round with participation from Kenson Ventures, Morningside Ventures and New Leaf Venture Partners. In addition to the funding, Harrison Miller, a managing director at Summit Partners, has been added to ACD’s board of directors.

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Lightyear closes Paradigm sale

By Luisa Beltran — 9 months ago

Lightyear Capital LLC said Tuesday it completed the sale of Paradigm Acquisition Corp. to Summit Partners. Financial terms weren’t announced. Walnut Creek, California-based Paradigm provides outsourced catastrophic workers’ compensation case management services for insurance companies and self-insured employers.

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Mainsail Partners expands team with new addition

By Iris Dorbian — 10 months ago

Mainsail Partners has appointed Michael Anderson as an investment partner. In his new role, Anderson will focus on making investments in the healthcare, software and tech sectors. Previously, Anderson worked at Summit Partners where he served as a principal.

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Summit Partners buys DentalPro

By Luisa Beltran — 11 months ago

Summit Partners has acquired a majority stake in DentalPro. Financial terms weren’t announced. Existing DentalPro shareholder, VAM Investments reinvested in the transaction, as did CEO and Founder Michel Cohen. Milan, Italy-based DentalPro owns and operates 30 full-service clinics across Italy, most of which are located in shopping malls.

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Summit Partners exits Multifonds

By Luisa Beltran — 12 months ago

Summit Partners said Wednesday it sold Multifonds to Temenos Group AG. The total cash consideration for the deal was 235 million Euros (US$262.9 million). Luxembourg-based Multifonds provides fund administration software.

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Advance Health attracts $40 mln

By Iris Dorbian — 1 year ago

Chantilly, Virginia-based Advance Health, a health risk assessments provider, has secured $40 million in funding. Summit Partners led the round with participation from Noro-Moseley Partners. Choate Hall & Stewart LLP advised Summit Partners on the transaction while Bass, Berry & Sims PLC advised Advance Health. In conjunction with the funding, Mark deLaar of Summit Partners has been added to Advance Health’s board of directors.

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Summit Partners promotes three

By Iris Dorbian — 1 year ago

Summit Partners has promoted Peter Rottier to managing director. Also, the firm has upped Peter Francis and Colin Mistele to vice president. Prior to joining Summit, Rottier worked at KSL Capital Partners, Stone Arch Capital and RBC Capital Markets. And before they both came to Summit, Francis worked at Jefferies & Company and UBS Investment Bank while Mistele worked at Union Square Advisors, Accenture and Electronic Arts.

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Bespoke and Noël Group buy Nomacorc

By Iris Dorbian — 1 year ago

Bespoke Capital Partners has partnered up with Noël Group to acquire Nomacorc from Summit Partners. No financial terms were disclosed. Global Leisure Partners advised Bespoke on the transaction. Also, Nomacorc has added Ken Lamb to its board. Nomacorc is a maker of synthetic wine closures.

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