Long-term themes driving activity in the enterprise technology & services sector include:

  • Ongoing digitization of the enterprise is driving the need for next generation automation and analytics solutions in support of key business processes and functions.
  • Increasing regulatory burdens are pressuring enterprises to seek solutions that can deliver on the need for more robust governance, risk management and compliance.
  • Enterprises are seeking to revamp and upgrade infrastructure solutions to support accelerating shifts in computing towards cloud, mobile and other disruptive technologies.
  • Growing complexity of cyberattacks combined with a rapidly evolving and fragmented threat landscape are driving demand for next generation security solutions.
  • Driven by competitive pressure, pace of technology change and need for increased agility, enterprises are seeking outsourced solution providers who can deliver innovation, transformation and productivity gains.

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Enterprise Technology & Services

$1 billion

INVESTED IN

enterprise technology & services companies

Revenue Growth

3x

REVENUE GROWTH

from investment to exit

Apex Fund Services
  • Investment Date: 2011
  • Status: Private
  • 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.

$45B
assets under management
45%
AUM growth in 2015
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.

$13B
of plan assets
300K+
plan participants
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.

1/2
of world's 10 largest companies use the platform
Cegment
  • Investment Date: 2007
  • Status: Private
  • Headquarters: Boston, MA
  • Website: cegment.com
  • FTV Contacts: Karen Derr Gilbert

Cegment

Technology-enabled solutions leveraging data and analytics capabilities for higher education.

Investment Theme

Leveraging data for more informed enterprise decision-making and customer acquisition.

Centro
  • Investment Date: 2010
  • Status: Private
  • Headquarters: Chicago, IL
  • Website: centro.net
  • FTV Contacts: Liron Gitig, Aly Lovett

Centro

Provider of media management software.

Investment Theme

The continued innovation and evolution of digital channels is driving demand for automation and analytics.

35B
available daily ad views
63K+
users served
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.

Top Brands
use services, including AT&T, Comcast, Cox, T-Mobile, and Sprint
1B
subscribers worldwide
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.

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+
live systems
30+
countries
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).

300+
organizations across North America rely on Empyrean
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.

6 of 10
top global investment banks use GigaSpaces
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 20
Learning Portal 2015 rank by Training Industry
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.

650+
platform clients
$1.4T+
assets supported
LiveIntent
  • Investment Date: 2015
  • Status: Private
  • Headquarters: New York, NY
  • Website: liveintent.com
  • FTV Contacts: Liron Gitig, Aly Lovett

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.

450+
brands connected to 750 top US publishers
No. 2
rank on Crain's Fastest Growing NY Companies
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.

Blue Chip
customers have included Cisco, Dell, Fidelity, HP, Pepsi, USAA, and Visa
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.

100+
Fortune 1000 enterprise customers including AIG, American Express, Capital One, Citi, Liberty Mutual, RBC
Winner
Red Herring Global 100
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.

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.

Blue Chip
customers include AXA Wealth, Sanofi, and Shell
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.

Blue Chip
customers have included amazon.com, Facebook, GE, and Sony
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.

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
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.

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.

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
Globant
  • Investment Date: 2008
  • Status: IPO in 2014 (NYSE: GLOB)
  • Headquarters: Buenos Aires, Argentina
  • Website: globant.com
  • FTV Contacts: Brad Bernstein, Aly Lovett

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.

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.

MarketShare
  • Investment Date: 2013
  • Status: Acquired by Neustar in 2015
  • Headquarters: Los Angeles, CA
  • Website: marketshare.com
  • FTV Contacts: Brad Bernstein, Aly Lovett

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
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
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
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)

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.

Current

  • Apex Fund Services
  • ASPire Financial Services
  • Catalyst Repository Systems
  • Cegment
  • Centro
  • Cloudmark
  • Company.com
  • eBaoTech
  • Empyrean Benefit Solutions
  • GigaSpaces
  • Intrepid Learning Solutions
  • InvestCloud
  • LiveIntent
  • NewsCred
  • Perfecto Mobile
  • ReliaQuest
  • rio SEO
  • SourceCode
  • Spredfast

Select Realized

  • Actimize
  • Aveksa
  • Coremetrics
  • Daylight Forensic
  • ExlService
  • Financial Engines
  • Globant
  • GMI
  • KVS
  • MarketShare
  • Mu Sigma
  • OpenSpan
  • Symbio
  • Trustwave
  • Varicent