Investment Summary

Summit Partners Invests In Zenoss

On October 9, 2012, growth capital firm Summit Partners invested in software company Zenoss

Investment Highlights
  • This is Summit Partners’ 42nd transaction in the Software sector.
  • This is Summit Partners’ 223rd transaction in the United States.
  • This is Summit Partners’ 18th transaction in Texas.
Investment Fate
  • Zenoss was sold to a strategic buyer in 2025.

Investment Summary

Date 2012-10-09
Target Zenoss
Sector Software
Investor(s) Summit Partners
Deal Type Venture

Target

Zenoss

Austin, Texas, United States
Zenoss is a provider of management software for physical, virtual, and cloud-based IT infrastructures. Over 35,000 organizations worldwide have deployed Zenoss to manage their networks, servers, virtual devices, storage, and cloud infrastructure, gaining complete visibility and predictability into their IT operations. Customers include Rackspace, VMware, Hosting.com, LinkedIn, Motorola and SunGard. Zenoss was founded in 2005 and is based in Austin Texas.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 246 of 415
Sector: Software M&A 42 of 74
Type: Venture M&A Deals 13 of 34
State: Texas M&A 18 of 29
Country: United States M&A 223 of 335
Year: 2012 M&A 19 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 United Sporting Companies

Chapin, South Carolina, United States

United Sporting Companies is a nationwide distributor of hunting, outdoor, marine and tackle products. The Company operates through two subsidiaries, Ellett Brothers and Jerry’s Sport Center which were founded in 1933 and 1949, respectively.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 HealthCare Partners Holdings

Torrance, California, United States

HealthCare Partners (HCP) is a leading integrated healthcare services company, providing high-quality medical care to nearly 500,000 managed care members and 100,000 fee-for-service patients. HCP is the largest independent privately-owned medical group in California.

Sell $4.4B