Enterprise Technology & Services
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.
Enterprise Technology & Services
$1 billion
INVESTED IN
enterprise technology & services companies
Revenue Growth
3x
REVENUE GROWTH
from investment to exit
- 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.
- 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: 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: 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: 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.
- 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: 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: 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: 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: 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: 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).
- 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: 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: 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: 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: 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: 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 - 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.
- 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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.