Investment Summary

FTV Capital and JMI Equity Invest In OpenSesame

On May 29, 2019, growth capital firm FTV Capital and private equity firm JMI Equity invested in internet software and services company OpenSesame

Investment Highlights
  • This is FTV Capital’s 18th and JMI Equity’s 34th transaction in the Internet Software and Services sector.
  • This is FTV Capital’s 79th and JMI Equity’s 93rd transaction in the United States.
  • This is FTV Capital’s 2nd and JMI Equity’s 2nd transaction in Oregon.

Investment Summary

Date 2019-05-29
Target OpenSesame
Sector Internet Software and Services
Investor(s) FTV Capital
JMI Equity
Deal Type Growth Capital

Target

OpenSesame

Portland, Oregon, United States
OpenSesame is an eLearning platform that offers a comprehensive online catalog of curated employee training courses. OpenSesame was founded in 2011 and is based in Portland, Oregon.

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Investor(S) 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 STATS #
Overall 92 of 126
Sector (Internet Software and Services) 18 of 24
Type (Growth Capital) 32 of 55
State (Oregon) 2 of 3
Country (United States) 79 of 103
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 Zoovu

Boston, Massachusetts, United States

Zoovu is an AI-driven conversational search platform that helps customers find what they’re looking for online. Zoovu was founded in 2006 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 ASPire Financial Services

St. Petersburg, Florida, United States

ASPire Financial Services LLC is a service provider of smart retirement solutions, serving advisors, plan sponsors and TPAs since 2002 with a conflict-free, open-investment retirement planning management system supporting all plan types [401(k), 403(b), 457, IRA including Payroll Deduction, HSA, Cash Balance, Defined Benefit, Non-Qualified]. Aspire provides a best-in-class technology-enabled portfolio of pre-defined or highly customizable smart retirement solutions with private-label branding options through its proprietary technology platform and strategic partnerships.

Sell -
Investor

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 106 of 127
Sector (Internet Software and Services) 34 of 41
Type (Growth Capital) 35 of 50
State (Oregon) 2 of 3
Country (United States) 93 of 111
Year (2019) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Fullbay

Phoenix, Arizona, United States

Fullbay is a cloud-based shop management software built specifically for heavy-duty repair shops. Fullbay was founded in 2015 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-06 Intelex Technologies

Toronto, Ontario, Canada

Intelex Technologies Inc. is a provider of Environmental, Health, Safety (EHS) and Quality management software solutions.

Sell $570M