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.

Actimize
  • 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.

Apex Fund Services
  • Investment Date: 2011
  • Status: Acquired by Genstar in 2017
  • Headquarters: Hamilton, Bermuda
  • Website: apexfundservices.com
  • FTV Contacts: Brad Bernstein, Kyle Griswold

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.

$80B
in assets under administration
2017
European Hedge Fund Service award winner
ASPire Financial Services
  • 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.

25K+
defined benefit plan investment options
300K+
plan participants
$13B+
in assets
Aveksa
  • 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.

View Case Study
BlueGill Technologies
  • 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.

CardConnect
  • Investment Date: 2010
  • Status: Realized
  • 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.

67K+
total merchants
$22B
2016 processing volume
65K+
business using daily
CashStar
  • 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.

300+
brands fuel consumer acquisition & retention
2017
DealCrunch Editor's Retail Choice Award winner
Castle Pines Capital
  • 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.

Catalyst Repository Systems
  • 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.

150+
litigation and technology professionals in US and Asia
1/2
of world's 10 largest companies use the platform
Cedar Capital
  • Investment Date: 2013
  • Status: Private
  • Headquarters: Chicago, IL
  • Website: cedarcapital.com
  • FTV Contacts: Richard Garman, Kyle Griswold, Robert Anderson

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.

Centro
  • 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.

$400M
processed in digital spending in 2016
4000
Vendors
Clearent
  • 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.

100%
track record for paying residuals on time
2012-2016
Inc. 5000 list of fastest growing companies
Cloudmark
  • Investment Date: 2004
  • Status: Private
  • 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.

1 in 8
of world's mailboxes protected
500M+
active users
165
countries
Company.com
  • 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.

5th
Inc. 5000 Fastest Growing Companies 2016
Coremetrics
  • 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.

Covario
  • 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.

Credorax
  • 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.

83%
approval rating in North American and Asian markets
125
countries
Daylight Forensic
  • 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.

E-Loan
  • 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.

eBaoTech
  • 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.

150+
installations of eBaoTech
30+
countries
Edgewater Markets
  • Investment Date: 2016
  • Status: Private
  • Headquarters: New York, NY
  • Website: www.edgewatermarkets.com/
  • FTV Contacts: Brad Bernstein, Kyle Griswold

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.

 

250+
worldwide clients
99%+
global FX liquidity pool access
35+
currencies in deals
Empyrean Benefit Solutions
  • 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).

400+
clients Nationwide
200M+
participants
Enfusion Systems
  • Investment Date: 2016
  • Status: Private
  • Headquarters: Chicago, IL
  • Website: enfusionsystems.net
  • FTV Contacts: Brad Bernstein, Robert Anderson

Enfusion Systems

Provider of fully hosted portfolio and risk management solutions for hedge funds and traditional asset managers.

Investment Theme

Alternative investment firms continue to shift away from legacy on-premises systems to cloud-based front-to-back office integrated portfolio systems.

$100B+
assets under management
100+
executing brokers
ETF Securities
  • 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.

$17.5B
commodity assets under management
$246M
in inflows
ExlService
  • 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.

8
leading global banks are clients
$620M
Projected 2015 revenue
Financial Engines

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.

$100B+
in AUM
640+
employers use services
Fleet One
  • 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.

$56M
annual revenue at exit
210,000
active cards at exit
View Case Study
GigaSpaces
  • 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.

30%
reduction in deployment time
65
costumers including HP, IBM, Sears, and Morgan Stanley
Globant
  • 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.

$250M
projected 2015 revenue
GMI
  • 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.

Health Credit Services
  • 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.

60
second pre-qualification and instant loan decisions
12-84
month payment terms
ID.me
  • 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.

2017
Trailblazer Award at K(NO)W Nodes Award Show
448%
revenue growth in 2016
250+
costumers
IndexIQ
  • 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.

$1.7B
AUM added to acquirer NYLIM
13
ETFs and 1 mutual fund at time of exit
Intrepid Learning Solutions
  • Investment Date: 2006
  • Status: Partial Sale to Xerox in 2014 - Private
  • 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).

Top 10
Hottest Mobile Learning Solution Companies by Educational Technology Insights Magazine 2016
2
CLO Gold Awards 2016
InvestCloud
  • 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.

670
platform clients
$1.7T+
in assets
KVS
  • 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.

LiveIntent
  • 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.

1100+
brands connected to US publishers
91%
of consumers use daily
140 MM
audience members
MarketsandMarkets
  • 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.

80%
of Global Fortune 1000 companies are clients
5,000+
customers worldwide
MarketShare
  • 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.

$100B+
marketing spend allocated based on MarketShare platform
MedSynergies
  • 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.

9,300
care providers served at exit
Mu Sigma
  • 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).

3500+
decision scientists support many Fortune 100 enterprises
NewsCred
  • 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.

70+
countries
100+
customers
100K
Insights subscribers
OpenSpan
  • 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.

Top Banks
use platform, including Deutsche Bank, KeyBank, and Lloyds Banking Group
Perfecto Mobile
  • 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.

$156M+
saved by customers every year
Top 7
Device Cloud for Mobile App Testing
53+
partners including IBM, Microsoft, and SAP
PowerShares
  • 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.

$3.5B
AUM at exit
36
different ETFs at exit
Presidio Reinsurance Group
  • 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.

$250M
premiums underwritten at exit
ReliaQuest
  • 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.

24/7/365
monitoring of alerts and remediation
rio SEO
  • 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.

Riskalyze
  • 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.

95%
mathematical confidence for expectations
Sitehands
  • 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

Fortune 100
enterprise customers
SourceCode
  • 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.

1.5M
users
84+
countries
30
users from Fortune 500 companies
Spredfast
  • Investment Date: Initial investment in Shoutlet in 2012
  • Status: Shoutlet acquired by Spredfast in 2015 - Private
  • 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.

1B
social connections
650+
brand, media, and agency customers
80%
of TV social content
Swan Global Investments
  • 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.

Symbio
  • 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)

True Potential
  • 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

700+
directly authorized firms
2017
European Business of the Year Award
Trustwave
  • 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.

3M+
business subscribers
96
countries
Varicent
  • 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.

Velocity Shares
  • 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.

$2B
AUM at exit
21
different investment products at exit
Verus Financial Management
  • 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.

Vindicia
  • 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.

241M
customer accounts
$21.8B
total processed revenue
VPay
  • 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.

$10B+
payments processed
100K
auto repair facilities have been VPAID™
650K
medical providers have been VPAID™
WePay
  • Investment Date: 2015
  • Status: Private
  • 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.

1k+
Companies processing transactions
2016
Inc. 500 list of Fastest Growing Private US Companies
World First
  • 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.

23K
new customers in 2017
48
active states
Xign
  • 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.

40,000
suppliers in global network at exit
$100B
in transactions processed at exit
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