News from FTVentures, October 11, 2004

FTVentures - Capitalize on Our Connections

FTVentures Investment Targets

Investment Focus

We are a private equity firm investing in software and business services firms.


Private Company Funding Objectives

• Fuel rapid organic growth
• Pursue one or more
  acquisitions
• Recapitalize to optimize
  capital structure or meet
  the liquidity needs
  of shareholders
• Spin-off operations from
  a parent corporation


Investment Stage

We fund businesses at all stages of development.


Investment Commitment

Software
$5 million to $15 million

Business Services
$10 million to $60 million


Investment Strategy

Typically lead or control investor.


Investment Geography

We will consider investments worldwide to support the needs of our global Limited Partners.



VERITAS Software Corporation Acquires FTVentures Portfolio Company KVS
KVSWe are pleased to announce that VERITAS Software Corporation (Nasdaq: VRTS) has acquired KVault Software Limited (KVS), an FTVentures portfolio company and the worldwide leader in email archiving software, in an all-cash transaction valued at approximately US$225 million. VERITAS has announced its intention to operate KVS as a separate unit under KVS’ existing management team.

Guided by input from our limited partner institutions, we recognized an urgent need for cost-effective and efficient email archival and retrieval solutions. We further identified KVS as the leader in this segment which led us to our subsequent investment in KVS just over one year ago. We believe that KVS is a natural fit for VERITAS, a leader in storage software, making this an exciting deal for both companies and their customers.

Read more

Investment Team

Contact 
Us

San Francisco
601 California Street
Suite 2200
San Francisco, CA 94108

Phone 415-229-3000
Fax     415-229-3005

info@ftventures.com

New York
230 Park Avenue
Suite 3300
New York, NY 10169

Phone 212-682-4800
Fax     212-682-4480

www.FTVentures.com

 


About FTVentures

FTVentures is a private equity firm providing venture capital as well as growth capital for build-outs, recapitalizations, and spinouts, to software and business services companies. The firm’s unmatched global financial services partner network—including 38 of the world’s leading financial institutions—provides FTVentures with a unique vantage point into the business-driven IT and operating challenges of global enterprise. Founded in 1998, FTVentures currently has $623 million under management. The firm has offices in San Francisco and New York.

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