Investment Summary

Spring Lake Equity Partners Invests In Adaptive Computing Enterprises

On September 14, 2010, venture capital firm Spring Lake Equity Partners invested in software company Adaptive Computing Enterprises

Investment Highlights
  • This is Spring Lake Equity Partners’ 7th transaction in the Software sector.
  • This is Spring Lake Equity Partners’ 20th transaction in the United States.
  • This is Spring Lake Equity Partners’ 3rd transaction in Utah.
Investment Fate
  • Adaptive Computing Enterprises was sold to a strategic buyer in 2016.

Investment Summary

Date 2010-09-14
Target Adaptive Computing Enterprises
Sector Software
Investor(s) Spring Lake Equity Partners
Deal Type Venture

Target

Adaptive Computing Enterprises

Provo, Utah, United States
Adaptive Computing Enterprises, Inc. is a provider of workload and resource orchestration software. Adaptive Computing Enterprises, Inc. was founded in 2001 and is based in Provo, Utah.

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Investor(S) 1

DESCRIPTION

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.


DEAL STATS #
Overall 21 of 26
Sector (Software) 7 of 8
Type (Venture) 17 of 20
State (Utah) 3 of 3
Country (United States) 20 of 25
Year (2010) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-16 Axolotl

San Jose, California, United States

Axolotl is a developer of health information exchange solutions for states, communities, hospitals and health systems. The Company is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-02 Art Technology Group

Cambridge, Massachusetts, United States

Art Technology Group, Inc. has developed and markets software which provides a wide range of e-commerce functionality.

Sell $1.0B