Investment Summary

Escalate Capital and Windspeed Ventures Exits The Active Network

On March 27, 2011, invested in internet software and services company The Active Network from Escalate Capital and Windspeed Ventures

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • The Active Network was sold to a financial buyer in 2013 for 1.1B USD.
  • The Active Network was sold to a publicly-traded strategic buyer in 2017 for 1.2B USD.

Investment Summary

Date 2011-03-27
Target The Active Network
Sector Internet Software and Services
Sellers(s) Escalate Capital
Windspeed Ventures
Deal Type IPO

Target

The Active Network

San Diego, California, United States
The Active Network's corporate headquarters in San Diego, California.
The Active Network's corporate headquarters in San Diego, California.
The Active Network, Inc. is a provider of cloud-based activity and participant management solutions serving a wide range of customer groups including business solutions, community activities, the public sector and outdoors and sports. The Active Network provides applications that form an online network connecting a fragmented and diverse group of activity and event organizers with a large base of potential participants. The Company's technology platform helps organizers manage their activities and events by automating online registrations and streamlining other critical management functions. The Active Network, Inc. was formed in 1998 and is based in San Diego, California.

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Seller(S) 2

SELLER

Escalate Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 830M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Escalate Capital Partners is a private investment firm focused on providing capital to expansion and late-stage companies. The Firm focuses its investment activity within the technology, life sciences, and service-based industries. Prospective financing solutions include senior, subordinated and mezzanine debt. Escalate's target investment size is $5 to $30 million. Escalate Capital Partners has offices in Menlo Park, California and Austin, Texas.


DEAL STATS #
Overall 9 of 39
Sector: Internet Software and Services M&A 2 of 9
Type: IPO M&A Deals 3 of 6
State: California M&A 2 of 4
Country: United States M&A 9 of 39
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-14 RigNet

Houston, Texas, United States

RigNet, Inc. is a provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry. RigNet was founded in 2000 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-29 HomeAway

Austin, Texas, United States

HomeAway, Inc. is an online marketplace for the vacation rental industry matching home owners with consumers. HomeAway was formed in 2004 and is based in Austin, Texas.

Sell -
SELLER

Windspeed Ventures

Bedford, Massachusetts, United States

Investor Investor Investor


Category Venture Capital Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Windspeed Ventures is a private investment firm focused on early stage growth capital investments in newly formed high technology businesses. The Firm targets opportunities high technology, communications, security, media, and internet services. Prospective companies are generally just beginning to see revenue. Windspeed prefers businesses located in the Northeast US, but on occasion will consider investing in companies located elsewhere. Windspeed Ventures was formed in 1999 and is based in Lexington, Massachusetts.


DEAL STATS #
Overall 8 of 9
Sector: Internet Software and Services M&A 1 of 1
Type: IPO M&A Deals 2 of 2
State: California M&A 5 of 5
Country: United States M&A 7 of 8
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-22 Gracenote

Emeryville, California, United States

Gracenote, Inc. is a provider of embedded technology, enriched content, and data services for digital entertainment solutions within the Internet, consumer electronics, mobile, and automotive markets.

Sell $260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Bradford Networks

Cambridge, Massachusetts, United States

Bradford Networks, Inc. is a provider of network access control software to give IT departments greater visibility, control and response to security threats. Bradford Networks, Inc. was founded in 1999 and is based in Cambridge, Massachusetts.

Sell -