Venture • Information Technology

FTV Capital Invests In MedSynergies

On August 4, 2004, growth capital firm FTV Capital invested in information technology company MedSynergies

Investment Context
  • This is FTV Capital’s 11th transaction in the Information Technology sector.
  • This is FTV Capital’s 19th transaction in the United States.
  • This is FTV Capital’s 1st transaction in Texas.
Investment Fate
  • MedSynergies was sold to a strategic buyer in 2014.

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Investment Summary

Date August 4, 2004
Target MedSynergies
Sector Information Technology
Investor(s) FTV Capital
Deal Type Venture

Target Company

MedSynergies

Irving, Texas, United States
MedSynergies is a provider of outsourced billing, claims administration and payment processing services to healthcare providers such as physician groups, hospitals and corporate healthcare providers.
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Investor Overview 1

Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


Deal Context for Investor #
Overall 21 of 133
Sector: Information Technology 11 of 28
Type: Venture 6 of 31
State: Texas 1 of 6
Country: United States 19 of 105
Year: 2004 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-19 Trustwave

Chicago, Illinois, United States

Trustwave is a cybersecurity company that reduces cyber risk and fortifies organizations against disruptive and damaging cyber threats. The company's comprehensive offensive and defensive cybersecurity portfolio detects what others cannot, responds with greater speed and effectiveness, optimizes its client’s cyber investment, and improves security resilience. It is an analyst-recognized leader in managed detection and response (MDR), managed security services (MSS), cyber advisory, penetration testing, database security, and email security. Trustwave was formed in 1995 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-21 Cloudmark

San Francisco, California, United States

Cloudmark is a provider of messaging security and threat intelligence for Internet Service Providers (ISPs) and mobile carriers worldwide. Cloudmark is based in San Francisco, California.

Buy -