Investment Summary

FTV Capital Invests In OpenSpan

On July 14, 2008, growth capital firm FTV Capital invested in software company OpenSpan

Investment Highlights
  • This is FTV Capital’s 13th transaction in the Software sector.
  • This is FTV Capital’s 41st transaction in the United States.
  • This is FTV Capital’s 3rd transaction in Georgia.
Investment Fate
  • OpenSpan was sold to a publicly-traded strategic buyer in 2016.

Investment Summary

Date 2008-07-14
Target OpenSpan
Sector Software
Investor(s) FTV Capital
Deal Type Venture

Target

OpenSpan

Alpharetta, Georgia, United States
OpenSpan, Inc. is a privately held software provider of robotic process automation and workforce analytics software. OpenSpan uses robotic automation to ease the burden on customer service representatives (CSRs) by automating routine desktop tasks, thus increasing employee productivity and job satisfaction. By providing insight into desktop activity and automating or eliminating repetitive, time-consuming tasks, OpenSpan frees agents to focus their energy on delivering exceptional customer experience while also helping to lower operational costs.

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Investor(S) 1

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 44 of 133
Sector: Software M&A 13 of 27
Type: Venture M&A Deals 16 of 31
State: Georgia M&A 3 of 4
Country: United States M&A 41 of 105
Year: 2008 M&A 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-23 IndexIQ

Rye Brook, New York, United States

Provides innovative index-based alternative investment products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-28 Mu Sigma

Northbrook, Illinois, United States

Mu Sigma is a provider of data and analytics solutions specializing in data-driven decision making. Mu Sigma was founded in 2004 and is based in Northbrook, illinois.

Buy -