Venture • Information Technology

Integral Capital Partners, JMI Equity and Welsh Carson Anderson & Stowe Invest In Lytx

On August 11, 2009, venture capital firm Integral Capital Partners, private equity firm JMI Equity and private equity firm Welsh Carson Anderson & Stowe invested in information technology company Lytx

Investment Context
  • This is Integral Capital Partners’ 7th, JMI Equity’s 7th and Welsh Carson Anderson & Stowe’s 8th transaction in the Information Technology sector.
  • This is Integral Capital Partners’ 31st, JMI Equity’s 47th and Welsh Carson Anderson & Stowe’s 54th transaction in the United States.
  • This is Integral Capital Partners’ 21st, JMI Equity’s 11th and Welsh Carson Anderson & Stowe’s 2nd transaction in California.
Investment Fate
  • Lytx was sold to a consortium of financial buyers in 2016 for 500M USD.
  • Lytx was sold to a consortium of financial buyers in 2020.

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Investment Summary

Date August 11, 2009
Target Lytx
Sector Information Technology
Investor(s) Integral Capital Partners
JMI Equity
Welsh Carson Anderson & Stowe
Deal Type Venture

Target Company

Lytx

San Diego, California, United States
Lytx is a provider of all-in-one video telematics, analytics, safety, and productivity solutions for commercial, public sector, and field services fleets. Lytx customizable services and programs span driver safety, risk detection, fleet tracking, compliance, and fuel management. Lytx was founded in 1998 and is based in San Diego, California.
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Investors Overview 3

Investor

Integral Capital Partners

Menlo Park, California, United States

Investor


Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.


Deal Context for Investor #
Overall 32 of 35
Sector: Information Technology 7 of 7
Type: Venture 20 of 22
State: California 21 of 23
Country: United States 31 of 34
Year: 2009 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-05 Broadcom

Palo Alto, California, United States

Broadcom is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Broadcom was founded in 1961 and is based in Palo Alto, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-31 Calix

San Jose, California, United States

Calix is a provider of broadband communications access software, systems, and services that enables communications service companies to transform their networks and become the broadband provider of choice to their subscribers. Calix was founded in 1999 and is based in San Jose, California.

Buy -
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 $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


Deal Context for Investor #
Overall 53 of 130
Sector: Information Technology 7 of 10
Type: Venture 17 of 29
State: California 11 of 26
Country: United States 47 of 114
Year: 2009 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-28 Configuresoft

Colorado Springs, Colorado, United States

Configuresoft is a provider of enterprise configuration management software to Global 2000 companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-26 Axeda

Foxboro, Massachusetts, United States

Axeda Corp. is a developer of solutions that securely connect machines and sensors to the cloud. Axeda offers leading-edge IoT technology built on a modern architecture purpose-built for collecting and organizing the world’s machine and sensor data.

Buy -
Investor

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


Deal Context for Investor #
Overall 55 of 104
Sector: Information Technology 8 of 16
Type: Venture 2 of 3
State: California 2 of 7
Country: United States 54 of 99
Year: 2009 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-24 GeoDigm

Falcon Heights, Minnesota, United States

GeoDigm Corp. is a provider of dental and orthodontic imaging and manufacturing technology. GeoDigm deploys its proprietary, digitally-enabled production system exclusively through GeoDigm Laboratories, delivering improved products and services to its client base of over five thousand dentists and orthodontists.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-25 Select Medical

Mechanicsburg, Pennsylvania, United States

Select Medical is an operator of acute care hospitals and medical rehabilitation hospitals. Select Medical Holdings was founded in 1996 and is based in Mechanicsburg, Pennsylvania.

Sell -