Venture • Software

FTV Capital and Fortissimo Capital Invest In GigaSpaces Technologies

On February 1, 2007, growth capital firms FTV Capital and Fortissimo Capital invested in software company GigaSpaces Technologies

Investment Context
  • This is FTV Capital’s 8th and Fortissimo Capital’s 2nd transaction in the Software sector.
  • This is FTV Capital’s 31st and Fortissimo Capital’s 1st transaction in the United States.
  • This is FTV Capital’s 5th and Fortissimo Capital’s 1st transaction in New York.

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Investment Summary

Date February 1, 2007
Target GigaSpaces Technologies
Sector Software
Investor(s) FTV Capital
Fortissimo Capital
Deal Type Venture

Target Company

GigaSpaces Technologies

New York, New York, United States
GigaSpaces Technologies provides in-memory computing platforms for real-time insight into action and extreme transactional processing. With GigaSpace, enterprises can operationalize machine learning and transactional processing to gain real-time insights on their fast and historical data and act upon them at the moment. GigaSpaces Technologies was founded in 2000 and is based in New York, New York.
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Investors Overview 2

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 34 of 133
Sector: Software 8 of 27
Type: Venture 11 of 31
State: New York 5 of 13
Country: United States 31 of 105
Year: 2007 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-15 SourceCode Technology Holdings

Redmond, Washington, United States

SourceCode is a software developer whose primary product is K2.net, a workflow and rapid process integration toolset.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-02 Rezolve Group

Sacramento, California, United States

Provides services and utilities to guide all aspects of student educational financial assistance and planning.

Buy -
Investor

Fortissimo Capital

Tel Aviv, Israel

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Fortissimo Capital is a private equity firm that targets investments in private and public Israeli companies. The Firm looks to invest in technology-based and industrial companies that require capital to expand. Fortissimo focuses on companies operating in high growth markets with proven sales, consistent revenue streams, and strong customer bases. Fortissimo will consider a variety of transaction situations including spinouts, selling shareholders, growth capital financings, and special situations. Fortissimo Capital was formed in 2004 and is based in Tel Aviv.


Deal Context for Investor #
Overall 4 of 39
Sector: Software 2 of 5
Type: Venture 1 of 6
State: New York 1 of 1
Country: United States 1 of 3
Year: 2007 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-11 The Crow Group

Airport City, Israel

The Crow Group designs and manufactures advanced security solutions for the worldwide integrated security market. The Crow Group divisions of Intrusion, Access Control and CCTV provide creative solutions for the residential, commercial and industrial markets with an extensive range of wired and wireless panels, intrusion indoor and outdoor detectors, unique access control and digital video solutions, smart communication systems and accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-15 SodaStream International

Airport City, Israel

SodaStream International Ltd. is a manufacturer, distributor and marketer of home carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. SodaStream International was founded in 1903 and is based in Airport City, Isreal.

Buy -