Venture • Software

Cipio Partners and FTV Capital Invest In PSS Systems

On June 16, 2008, secondary investor Cipio Partners and growth capital firm FTV Capital invested in software company PSS Systems

Investment Context
  • This is Cipio Partners’ 2nd and FTV Capital’s 12th transaction in the Software sector.
  • This is Cipio Partners’ 7th and FTV Capital’s 39th transaction in the United States.
  • This is Cipio Partners’ 4th and FTV Capital’s 12th transaction in California.
Investment Fate
  • PSS Systems was sold to a publicly-traded strategic buyer in 2010.

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Investment Summary

Date June 16, 2008
Target PSS Systems
Sector Software
Investor(s) Cipio Partners
FTV Capital
Deal Type Venture

Target Company

PSS Systems

Mountain View, California, United States
PSS Systems, Inc. is a developer of software to helps organizations analyze, automate and implement information governance policies across massive amounts of electronic business information and dispose of that information in an automated way.
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Investors Overview 2

Investor

Cipio Partners

Munich, Germany

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cipio Partners is an investment management firm focused on secondary investments, as well as early and later-stage venture capital transactions. Sectors of interest include technology, media, and communications. Cipio Partners was formed in 2003 and is based in Munich, Germany.


Deal Context for Investor #
Overall 11 of 27
Sector: Software 2 of 5
Type: Venture 8 of 15
State: California 4 of 5
Country: United States 7 of 9
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Guide Technology

Mountain View, California, United States

GuideTech provides the best value for our customers by creating critical solutions for the semiconductor manufacturing and ATE industries through the novel exploitation of leading technologies. The greatest return for our stakeholders is achieved through market-driven quality processes and investment in our key resources, the employees.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-14 Buy Vip S.L.

Madrid, Spain

BuyVIP is a private online shopping community founded in 2006 and operating in Spain, Germany and Italy. It grows exclusively through personal sponsorship and recommendations. Members of this community have the opportunity to participate in sales campaigns that run for a limited time and involve limited quantities of selected life-style or fashion products and brands. The products are generally limited-edition items, ones not available in speciality shops, off-season products or stock-overs. Members can purchase these items at attractive prices, generally 30 to 70 per cent below the retail sales price.

Buy $15M
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 42 of 133
Sector: Software 12 of 27
Type: Venture 15 of 31
State: California 12 of 26
Country: United States 39 of 105
Year: 2008 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-10 Sensage

Redwood City, California, United States

Sensage, Inc. is a provider of event data warehouse software and appliances for security, compliance and risk management, enabling sophisticated analytics at a massive scale and reduced cost.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-23 IndexIQ

Rye Brook, New York, United States

Provides innovative index-based alternative investment products.

Buy -