Portfolio
FTV has been investing in innovative high-growth companies within the enterprise technology & services, financial services and payments & transaction processing sectors since 1999. We view each sector through the lens of long-term global trends and unfolding structural changes in marketplaces. Entrepreneurs in these sectors often tell us that that our grasp of the nuances of their businesses is rare among investors. In partnership with management teams, we leverage this deep domain knowledge, our proven growth equity track record and our Global Partner Network to support our companies’ growth plans, while helping them navigate the complexities of market structures, regulators and global interconnectivity.
- Investment Date: 2018
- Status: Private
- Headquarters: Tampa, FL
- Website: a-lign.com
- FTV Contacts: Liron Gitig, Richard Garman, Richard Liu
A-LIGN
Cybersecurity and compliance solutions provider that specializes in helping businesses navigate the complexities of regulatory and business-driven security and compliance needs.
Investment Theme
IT audit and risk assessment services is a rapidly expanding, multi-billion dollar market driven by substantial tailwinds, including the growing rate of cyberattacks, an increasing amount of data and business process outsourcing, as well as third party vendor and risk management.
- Investment Date: 2004
- Status: Acquired by NICE in 2007
- Headquarters: New York, NY
- Website: niceactimize.com
Actimize
Provides a surveillance platform that enables financial institutions to identify threats and prevent potential losses from money laundering, fraudulent transactions and brokerage compliance violations.
Investment Theme
Increasing regulatory burdens are creating enormous demand by enterprises for governance, risk management and compliance solutions. Complexity of network attacks is driving need for enterprise threat services/threat intelligence.
- Investment Date: 2011
- Status: Acquired by Genstar in 2017
- Headquarters: Hamilton, Bermuda
- Website: apexfundservices.com
- FTV Contacts: Brad Bernstein, Kyle Griswold, Brent Fierro
Apex Fund Services
Provides fund administration, fund start-up and structuring, corporate secretarial, independent directorships, and investor communication services to asset managers in regulated, emerging and under-served markets.
Investment Theme
Growth of asset management (hedge funds) in emerging markets and lack of infrastructure.
- Investment Date: 2012
- Status: Private
- Headquarters: Tampa, FL
- Website: aspireonline.com
- FTV Contacts: Kyle Griswold
ASPire Financial Services
Turnkey provider of retirement plan solutions to small/micro businesses, organizations and government entities.
Investment Theme
Need for independent open architecture retirement plan platform targeting SMB market with flexibility to address fee transparency issues.
- Investment Date: 2008
- Status: Acquired by EMC in 2013
- Headquarters: Waltham, MA
- Website: emc.com
- FTV Contacts: Liron Gitig
Aveksa
Leading provider of enterprise identity and access governance solutions, enabling higher levels of security and auditability across application and information assets.
Investment Theme
Growing complexity of cyberattacks combined with a rapidly evolving and fragmented threat landscape are driving demand for next generation security solutions. Increasing regulatory burdens are pressuring enterprises to seek solutions that can deliver on the need for more robust governance, risk management and compliance.
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- Investment Date: 1999
- Status: Acquired by CheckFree in 2000
- Headquarters: Ann Arbor, MI
- Website: bluegill.co
- FTV Contacts: Chris Winship
BlueGill Technologies
Provides solutions for converting legacy data into Internet-deliverable formats for electronic presentment of bills, statements and other customer applications.
Investment Theme
Digitization and consumerization of financial services.
- Investment Date: 2010
- Status: Acquired by First Data in 2017
- Headquarters: Philadelphia, PA
- Website: cardconnect.com
- FTV Contacts: Richard Garman, Chris Winship, Kyle Griswold
CardConnect
Merchant acquirer that offers merchants payment processing solutions to accept credit cards, debit cards, gift cards, and checks at the point-of-sale.
Investment Theme
Fragmented merchant acquiring market; opportunity to differentiate, consolidate and scale.
- Investment Date: 2011
- Status: Acquired by Blackhawk Network in 2017
- Headquarters: Portland, ME
- Website: cashstar.com
- FTV Contacts: Chris Winship, Kyle Griswold, Robert Anderson
CashStar
Provider of prepaid commerce and digital gifting solutions for retailers and restaurants.
Investment Theme
Rapid growth in global e Commerce.
- Investment Date: 2009
- Status: Acquired by Wells Fargo in 2011
- Headquarters: Englewood, CO
- FTV Contacts: Brad Bernstein
Castle Pines Capital
Provides channel finance solutions- billing, payments, reconciliation and short term financing for technology vendors and their reseller customers.
Investment Theme
Lack of technology-enabled seamless end-to-end sector focused financing solutions.
- Investment Date: 2012
- Status: Private
- Headquarters: Denver, CO
- Website: catalystsecure.com
- FTV Contacts: Richard Garman, Robert Anderson
Catalyst Repository Systems
Provides secure, scalable multi-lingual document repositories for electronic discovery, litigation support and other complex regulatory matters.
Investment Theme
Increasing regulation and compliance requirements.
- Investment Date: 2013
- Status: Private
- Headquarters: Chicago, IL
- Website: cedarcapital.com
- FTV Contacts: Richard Garman, Kyle Griswold
Cedar Capital
Asset manager that provides tactical investment strategies built with ETFs.
Investment Theme
The massive wave of retiring baby boomers is driving demand for consumer-friendly, low-cost asset management solutions and services.
- Investment Date: 2010
- Status: Private
- Headquarters: Chicago, IL
- Website: centro.net
- FTV Contacts: Liron Gitig
Centro
Provider of media management software.
Investment Theme
The continued innovation and evolution of digital channels is driving demand for automation and analytics.
- Investment Date: 2015
- Status: Private
- Headquarters: Clayton, MO
- Website: clearent.com
- FTV Contacts: Chris Winship, Robert Anderson
Clearent
Credit card payment processor offering flexible merchant pricing, next day funding and online reporting.
Investment Theme
Fragmented merchant acquiring market; opportunity to differentiate, consolidate and scale.
- Investment Date: 2004
- Status: Acquired by Proofpoint in 2017
- Headquarters: San Francisco, CA
- Website: cloudmark.com
Cloudmark
Offers email management solutions that protect individual and corporate accounts from unwanted and abusive messages such as spam, phishing attacks, fraud and viruses.
Investment Theme
Increasing need for online security.
- Investment Date: 2010
- Status: Private
- Headquarters: Atlanta, GA
- Website: company.com
- FTV Contacts: Richard Garman
Company.com
Offers a B2B social network that provides business owners and professionals with advice and services to run their business.
Investment Theme
Underserved SMB market with financial services and payment solutions.
- Investment Date: 2006
- Status: Acquired by IBM in 2010
- Headquarters: San Mateo, CA
- Website: ibm.com
Coremetrics
Provides an on-demand web analytics platform that allows clients to understand the behavior of visitors at their web sites and capitalize on that knowledge to create profitable customer relationships.
Investment Theme
The continued innovation and evolution of digital channels is driving demand for automation and analytics.
- Investment Date: 2007
- Status: Acquired by Dentsu Aegis Network in 2014
- Headquarters: San Diego, CA
- Website: dentsuaegisnetwork.com
- FTV Contacts: David Haynes
Covario
Independent search and content performance marketing agency that provides paid and organic search, social media, and content marketing agency services to global brands and leading direct marketing clients.
Investment Theme
Growing demand among global enterprises for paid search, content marketing and digital performance solutions.
- Investment Date: 2013
- Status: Private
- Headquarters: Southborough, MA
- Website: credorax.com
- FTV Contacts: Chris Winship, Robert Anderson
Credorax
End-to-end global eCommerce payments platform offering transaction processing and acquiring bank services.
Investment Theme
Rapid growth of global eCommerce.
- Investment Date: 2006
- Status: Acquired by Navigant Consulting in 2010
- Headquarters: New York, NY
- Website: navigant.com
- FTV Contacts: Richard Garman
Daylight Forensic
Provides independent fraud risk management that conducts forensic investigations and provides regulatory compliance consulting for global corporations and public sector organizations.
Investment Theme
Increasing regulatory burdens are creating enormous demand by enterprises for governance, risk management and compliance solutions.
- Investment Date: 2000
- Status: Sold public stock (PIPE)
- Headquarters: Dublin, CA
E-Loan
Provides credit products and services such as mortgages, auto loans, credit cards and small business loans over the Internet.
Investment Theme
Digitization and consumerization of financial services.
- Investment Date: 2017
- Status: Private
- Headquarters: Curitiba, Brazil
- Website: business.ebanx.com/en
- FTV Contacts: Robert Anderson, Chris Winship, Alex Malvone
EBANX
Leading cross-border payment processing company that offers Latin American local payment methods to international merchants, enabling them to sell their products and services to Latin America
Investment Theme
Global cross-border payments is large and growing market with Latin America representing a significant opportunity.
- Investment Date: 2010
- Status: Private
- Headquarters: Shanghai, China
- Website: www.ebaotech.com
- FTV Contacts: Brad Bernstein, Abhay Puskoor
eBaoTech
Global insurance technology provider – offers end-to-end core system software and IT services to life, P&C, and reinsurance carriers.
Investment Theme
Outdated legacy technology in insurance industry creates huge opportunity for new platform, especially in emerging markets.
- Investment Date: 2016
- Status: Private
- Headquarters: New York, NY
- Website: www.edgewatermarkets.com/
- FTV Contacts: Brad Bernstein, Kyle Griswold, Brent Fierro
Edgewater Markets
Industry leader in electronic foreign exchange aggregation and distribution to global institutional clients.
Investment Theme
Need for efficient and low cost FX electronic execution on a customized, flexible technology platform that easily integrates with front and back-office systems.
- Investment Date: 2013
- Status: Private
- Headquarters: Houston, TX
- Website: goempyrean.com
- FTV Contacts: Chris Winship, Abhay Puskoor
Empyrean Benefit Solutions
Provides benefits administration technology and services to employers, insurance brokers, and healthcare exchanges.
Investment Theme
Need to drive enterprise efficiencies by outsourcing non-core functions (benefits administration).
- Investment Date: 2016
- Status: Private
- Headquarters: Chicago, IL
- Website: enfusionsystems.com
- FTV Contacts: Brad Bernstein, Robert Anderson, Brent Fierro
Enfusion Systems
Provider of fully hosted front, middle and back office solutions for hedge funds and traditional asset managers, including execution, order management, portfolio management, risk, GL accounting, reconciliations, reporting and data warehouse.
Investment Theme
Alternative investment firms continue to shift away from legacy on-premises systems to cloud-based front-to-back office integrated portfolio systems.
- Investment Date: 2006
- Status: Private
- Headquarters: Jersey, Channel Islands
- Website: etfsecurities.com
- FTV Contacts: Richard Garman, Kyle Griswold
ETF Securities
Develops and distributes specialized exchange-traded commodities.
Investment Theme
The massive wave of retiring baby boomers is driving demand for consumer-friendly, low-cost asset management solutions and services.
- Investment Date: 2002
- Status: IPO in 2006 (NASDAQ: EXLS)
- Headquarters: New York, NY
- Website: exlservice.com
- FTV Contacts: Brad Bernstein
ExlService
Provides business process outsourcing for financial services back-office operations and corporate customer service centers.
Investment Theme
Need to drive enterprise efficiencies by outsourcing non-core functions.
- Investment Date: 1999
- Status: IPO in 2010 (NASDAQ: FNGN)
- Headquarters: Palo Alto, CA
- Website: corp.financialengines.com
Financial Engines
Offers online investment analysis and advice through financial institutions and company 401k plans based on models developed by Nobel prize-winning economist William Sharpe.
Investment Theme
The massive wave of retiring baby boomers is driving demand for consumer-friendly, low-cost asset management solutions and services.
- Investment Date: 2008
- Status: Acquired by Wright Express in 2012
- Headquarters: Nashville, TN
- Website: fleetone.com
- FTV Contacts: Richard Garman, Chris Winship, Kyle Griswold
Fleet One
Provides fuel cards and fleet management information services to trucking, commercial and government vehicle fleets.
Investment Theme
Differentiated payment offering leveraging technology.
- Investment Date: 2006
- Status: Private
- Headquarters: New York, NY and Israel
- Website: gigaspaces.com
- FTV Contacts: Liron Gitig
GigaSpaces
Provides distributed computing application software.
Investment Theme
Large and growing distributed computing market.
- Investment Date: 2008
- Status: IPO in 2014 (NYSE: GLOB)
- Headquarters: Buenos Aires, Argentina
- Website: globant.com
- FTV Contacts: Brad Bernstein
Globant
Provides software product development and IT outsourcing services from Latin America.
Investment Theme
Need for alternatives to India for software development/IT outsourcing – nearshoring.
- Investment Date: 2005
- Status: Acquired by WPP in 2011
- Headquarters: Bellevue, WA
- Website: lightspeedgmi.com
GMI
Delivers integrated software and consumer group management services that enable corporations to conduct online global market research.
Investment Theme
The continued innovation and evolution of digital channels is driving demand for automation and analytics.
- Investment Date: 2017
- Status: Private
- Headquarters: Charlotte, NC
- Website: hcsloans.com
- FTV Contacts: Richard Garman, Abhay Puskoor, Brent Fierro
Health Credit Services
Provider of end‐to‐end, point‐of‐sale financing solutions for consumers’ elective medical care.
Investment Theme
Large and growing market for elective medical with increasing financing volume.
- Investment Date: 2017
- Status: Private
- Headquarters: McLean, VA
- Website: id.me
- FTV Contacts: Liron Gitig, Richard Liu
ID.me
Federally accredited digital identity company that allows individuals to tie their legal identity to a digital login that is accepted across multiple websites, eliminating the need to create a new login or to verify identity at each site directly.
Investment Theme
Growing demand for identity and access management and single sign-on tools in the government and private sectors.
- Investment Date: 2008
- Status: Acquired by NYLife Investment Management in 2015
- Headquarters: Rye Brook, NY
- Website: indexiq.com
- FTV Contacts: Kyle Griswold
IndexIQ
Provides innovative index-based alternative investment products.
Investment Theme
The massive wave of retiring baby boomers is driving demand for consumer-friendly, low-cost asset management solutions and services.
- Investment Date: 2006
- Status: Partial Sale to Xerox in 2014 & acquired by VitalSource in 2017
- Headquarters: Seattle, WA
- Website: intrepidlearning.com
Intrepid Learning Solutions
Provides corporate training consulting, outsourcing and research services.
Investment Theme
Need to drive enterprise efficiencies by outsourcing non-core functions (training and learning).
- Investment Date: 2015
- Status: Private
- Headquarters: Beverly Hills, CA
- Website: investcloud.com
- FTV Contacts: Richard Garman, Robert Anderson
InvestCloud
Provider of cloud-based front and middle-office solutions focused on digitizing customer experiences and internal operations for global investment advisors.
Investment Theme
Need for flexible technology to digitize financial services industry burdened by legacy technology and disparate data systems.
- Investment Date: 2003
- Status: Acquired by VERITAS in 2004
- Headquarters: Berkshire, UK
- Website: www.veritas.com
KVS
Offers a platform for managing the archiving, retention and retrieval of email and document processing to reduce ongoing storage costs, enables compliance with regulatory requirements for email communications and helps meet required service levels.
Investment Theme
Increasing regulatory burdens are creating enormous demand by enterprises for governance, risk management and compliance solutions.
- Investment Date: 2015
- Status: Private
- Headquarters: New York, NY
- Website: liveintent.com
- FTV Contacts: Liron Gitig
LiveIntent
Provides a marketing platform that connects marketers with audiences through digital solutions – especially email marketing.
Investment Theme
The continued innovation and evolution of digital channels is driving demand for automation and analytics.
- Investment Date: 2017
- Status: Private
- Headquarters: Pune, India
- Website: marketsandmarkets.com
- FTV Contacts: Brad Bernstein, Alex Malvone
MarketsandMarkets
Leading global industry research and consulting company that provides syndicated and custom research focused on high-growth and niche markets.
Investment Theme
Large and growing demand for market research with leading global enterprises increasing spend on market intelligence.
- Investment Date: 2013
- Status: Acquired by Neustar in 2015
- Headquarters: Los Angeles, CA
- Website: marketshare.com
- FTV Contacts: Brad Bernstein
MarketShare
Provides cross-media analytics and modeling solutions to marketers and agencies through software and technology-enabled services.
Investment Theme
The continued innovation and evolution of digital channels is driving demand for automation and analytics.
- Investment Date: 2004
- Status: Acquired by Optum/UnitedHealthcare in 2014
- Headquarters: Irving, TX
- Website: medsynergies.com
- FTV Contacts: Richard Garman, Chris Winship
MedSynergies
Develops outsourced billing, claims administration and payment processing services to healthcare providers, such as physician groups, hospitals and corporate healthcare providers.
Investment Theme
Payment industry opportunities given significant and growing market inefficiencies driven by evolving health care landscape.
- Investment Date: 2008
- Status: Acquired by shareholders in 2012
- Headquarters: Chicago, IL
- Website: mu-sigma.com
- FTV Contacts: Brad Bernstein
Mu Sigma
Provides offshore data analytics outsourcing.
Investment Theme
Need to drive enterprise efficiencies by outsourcing non-core functions (analytics and big data).
- Investment Date: 2018
- Status: Private
- Headquarters: San Francisco, Los Angeles, Chicago, New York
- Website: neonone.com
- FTV Contacts: Chris Winship, Robert Anderson, Norman Chen
Neon One
End-to-end ecosystem dedicated to helping nonprofits achieve philanthropic goals by providing a user-friendly, integrated and state-of-the-art technology platform.
Investment Theme
Large and fragmented non-profit software market with growing donation volume.
- Investment Date: 2015
- Status: Private
- Headquarters: New York, NY
- Website: newscred.com
- FTV Contacts: Liron Gitig
NewsCred
Provides content marketing platform to help brands grow with efficiency, agility and scale.
Investment Theme
The continued innovation and evolution of digital channels is driving demand for automation and analytics.
- Investment Date: 2008
- Status: Acquired by PegaSystems in 2016
- Headquarters: Alpharetta, GA
- Website: openspan.com
- FTV Contacts: Liron Gitig
OpenSpan
Provides platform to integrate applications, SOA-enable legacy systems, automate business processes, extend functionality and build new composite applications.
Investment Theme
Need for IT to easily integrate existing desktop applications, automate processes, extend functionality of applications, and build new composite applications.
- Investment Date: 2014
- Status: Private
- Headquarters: Woburn, MA
- Website: perfectomobile.com
- FTV Contacts: Liron Gitig, Abhay Puskoor
Perfecto Mobile
Provides a cloud-based platform for testing, measuring, and monitoring mobile application quality.
Investment Theme
Rapid evolution of mobility is driving complex enterprise needs.
- Investment Date: 2005
- Status: Acquired by Invesco in 2006
- Headquarters: Wheaton, IL
- Website: invescopowershares.com
- FTV Contacts: Brad Bernstein
PowerShares
Develops and manages specialized exchange traded funds (ETFS).
Investment Theme
The massive wave of retiring baby boomers is driving demand for consumer-friendly, low-cost asset management solutions and services.
- Investment Date: 2007
- Status: Acquired by PartnerRe in 2012
- Headquarters: San Francisco, CA
- FTV Contacts: Richard Garman
Presidio Reinsurance Group
Offers medical reinsurance products and services to insurance companies, HMOs, managed care organizations, healthcare systems, hospitals, medical groups and employers.
Investment Theme
Government efforts to continue to shift risk to private sector; Lack of pure play accident & health reinsurers.
- Investment Date: 2018
- Status: Private
- Headquarters: New York, NY
- Website: rapidratings.com
- FTV Contacts: Kyle Griswold, Alex Malvone
RapidRatings
Leading risk management analytics provider used to understand the financial health of third parties, including suppliers, customers, underwriting counterparties, borrowers and investors.
Investment Theme
Credit, supply chain and third-party risk management requirements for global enterprises have grown in complexity leading to an increased demand for innovative solutions.
- Investment Date: 2016
- Status: Private
- Headquarters: Tampa, FL
- Website: www.reliaquest.com/
- FTV Contacts: Kyle Griswold, Richard Liu, Liron Gitig
ReliaQuest
Provides co-managed security services around management of organization’s SIEM (security information and event management) technology.
Investment Theme
Enterprises who historically tried to build security capabilities internally are now looking to outsourcing, leading to growth of managed security services.
- Investment Date: 2007
- Status: Private
- Headquarters: San Diego, CA
- Website: rioseo.com
rio SEO
Provides interactive marketing analytics software to global organizations enabling robust interactive and search marketing analytics solutions for display advertising, paid search advertising and organic search engine optimization across the enterprise and throughout the channel.
Investment Theme
The continued innovation and evolution of digital channels is driving demand for automation and analytics.
- Investment Date: 2016
- Status: Private
- Headquarters: Auburn, CA
- Website: riskalyze.com
- FTV Contacts: Brad Bernstein, Abhay Puskoor
Riskalyze
Software platform for financial advisors that enables advisors to upload and build client portfolios and identify the portfolio’s Risk Number.
Investment Theme
Long‐term trend toward adoption of roboadvisors and automation tools.
- Investment Date: 2017
- Status: Private
- Headquarters: Charlotte, NC
- Website: sitehands.com
- FTV Contacts: Brad Bernstein, Richard Liu
Sitehands
B2B marketplace for hands-on IT field work – services including network repair, hardware placement, infrastructure build-outs and desktop support
Investment Theme
Growing demand for for enterprise IT field services in a large and highly fragmented market
- Investment Date: 2006
- Status: Partial sale to investors in 2014 recap
- Headquarters: Redmond, WA
- Website: www.k2.com
SourceCode
Provider of Business Process Management software.
Investment Theme
Need for automation of business processes to drive efficiencies.
- Investment Date: Initial investment in Shoutlet in 2012
- Status: Shoutlet acquired by Spredfast in 2015; Spredfast acquired by Lithium Technologies in 2018
- Headquarters: Austin, TX
- Website: spredfast.com
- FTV Contacts: Liron Gitig
Spredfast
Provides an integrated social media marketing automation platform.
Investment Theme
The continued innovation and evolution of digital channels is driving demand for automation and analytics.
- Investment Date: 2018
- Status: Private
- Headquarters: Salt Lake City, UT
- Website: stratafs.com
- FTV Contacts: Brad Bernstein, Kyle Griswold, Brent Fierro
Strata Fund Solutions
Leading fund service administrator for venture capital, private equity and other alternative asset managers and allocators offering includes traditional fund administration, shadow fund administration and data maintenance services.
Investment Theme
Demand for fund administration solutions has accelerated given the rapid growth in new funds and assets under management in alternative asset classes, as well as increased efforts by firms to improve their institutional processes and reporting.
- Investment Date: 2018
- Status: Private
- Headquarters: New York, NY
- FTV Contacts: Brad Bernstein, Mike Vostrizansky
Sunlight Financial
Leading technology-enabled finance company for residential solar and energy storage lending that partners with solar and battery installers, equipment distributors and sales organizations
Investment Theme
Growing solar and energy efficiency market with a need for efficient, fast and frictionless financing solutions for both homeowners and strategic partners
- Investment Date: 2014
- Status: Private
- Headquarters: Durango, CO
- Website: swanglobalinvestments.com
- FTV Contacts: Kyle Griswold, Richard Garman
Swan Global Investments
Asset manager providing hedged investment strategies to individuals, institutions and advisors.
Investment Theme
The massive wave of retiring baby boomers is driving demand for consumer-friendly, low-cost asset management solutions and services.
- Investment Date: 2005
- Status: Acquired by VXI Global Solutions in 2014
- Headquarters: San Francisco, CA
- Website: symbio.com
- FTV Contacts: Chris Winship
Symbio
Provides technology R&D and software engineering services to high-tech, financial services, media, retail and hospitality industries with R&D labs primarily in China, Finland, Sweden, Taiwan and the United States.
Investment Theme
Need to drive enterprise efficiencies by outsourcing non-core functions (IT development)
- Investment Date: 2018
- Status: Private
- Headquarters: Seattle, WA
- Website: tangocard.com
- FTV Contacts: Chris Winship, Robert Anderson, Mike Vostrizansky
Tango Card
Cloud-based digital gift card and incentives platform for enterprise customers providing employee rewards and customer incentives & rebates
Investment Theme
B2B prepaid market is large and growing, and the gifting/incentive space continues its move from physical to digital delivery
- Investment Date: 2016
- Status: Private
- Headquarters: Newcastle upon Tyne, UK
- Website: tpllp.com
- FTV Contacts: Brad Bernstein, Kyle Griswold
True Potential
Integrated investor and wealth management technology platform for UK financial advisers and retail clients
Investment Theme
Leverage technology to streamline the entire wealth management investment process
- Investment Date: 2004
- Status: Acquired by Singapore Telecom 2015
- Headquarters: Chicago, IL
- Website: trustwave.com
- FTV Contacts: Richard Garman
Trustwave
Offers a suite of network vulnerability assessment and compliance monitoring products and services for improving the overall security of an organization’s IT environment. The company specializes in developing technology for banks, processors and merchants that helps maintain the integrity and security of credit card data and transaction processing systems.
Investment Theme
Complex enterprise security needs, especially in financial services industry.
- Investment Date: 2009
- Status: Acquired by IBM in 2012
- Headquarters: Toronto, ON, CA
- Website: ibm.com
Varicent
Provides sales performance management solutions which help organizations efficiently calculate incentive compensation and effectively plan for the sales organization. The product suite includes incentive compensation management, quote management, territory management, and sales analytics.
Investment Theme
Need for enterprises to more effectively support sales function, leveraging data and analytics.
- Investment Date: 2009
- Status: Acquired by Janus Capital in 2014
- Headquarters: New Canaan, CT
- Website: velocityshares.com
- FTV Contacts: Kyle Griswold
Velocity Shares
Provider of unique institutionally-focused exchange-traded products (ETPs), including exchange-traded funds (ETFs), for portfolio and trading risk management.
Investment Theme
The massive wave of retiring baby boomers is driving demand for consumer-friendly, low-cost asset management solutions and services.
- Investment Date: 2002
- Status: Acquired by The Sage Group PLC in 2006
- Headquarters: Nashville, TN
- FTV Contacts: Richard Garman, Chris Winship
Verus Financial Management
Provides merchants with payment processing services from third party payment processors, including credit card authorization and payment, electronic funds transfer, electronic funds conversion and Internet gateway services.
Investment Theme
Fragmented merchant acquiring market; opportunity to differentiate, consolidate and scale.
- Investment Date: 2010
- Status: Acquired by Amdocs in 2016
- Headquarters: Belmont, CA
- Website: vindicia.com
- FTV Contacts: Chris Winship
Vindicia
Provides on-demand billing and fraud management services that manage subscriptions and one-time payments for online content, media, gaming, and SaaS companies.
Investment Theme
Rapid growth of global eCommerce.
- Investment Date: 2016
- Status: Private
- Headquarters: Richardson, TX
- Website: vpayusa.com
- FTV Contacts: Chris Winship, Richard Garman, Robert Anderson
VPay
Turnkey B2B payments platform that distributes, administers and processes virtual and plastic cards, checks and ACH payments via their end-to-end issuing and processing capabilities
Investment Theme
B2B payments landscape continues to be dominated by paper and manual processes; massive commercial payments and claims processing market needs to leverage technology to reduce manual processes, automate payment reconciliation, mitigate fraud losses and limit delays in funding or settlement without any account enrollment.
- Investment Date: 2015
- Status: Acquired by JPMorgan Chase in 2017
- Headquarters: Palo Alto, CA
- Website: wepay.com
- FTV Contacts: Chris Winship, Robert Anderson
WePay
Online payment service provider focusing on platform business such as crowdfunding sites, marketplaces and small business software.
Investment Theme
Rapid growth of global eCommerce.
- Investment Date: 2013
- Status: Private
- Headquarters: London, UK
- Website: worldfirst.com
- FTV Contacts: Brad Bernstein, Kyle Griswold
World First
International payment platform offering FX and hedging solutions to SMBs, marketplaces, banks, asset/wealth managers and individuals globally.
Investment Theme
Rapid growth in cross border commerce.
- Investment Date: 2001
- Status: Acquired by JPMorgan Chase in 2007
- Headquarters: Pleasanton, CA
Xign
Develops solutions for the financial supply chain. Its first product is a business-to-business payment and settlement system that links the accounts payable and accounts receivable processes of buyer and supplier organizations via the Internet.
Investment Theme
Payment industry opportunities given significant and growing market inefficiencies – B2B payments.