Growth Capital • Information Technology

Susquehanna Growth Equity Invests In CashEdge

On January 1, 2007, growth capital firm Susquehanna Growth Equity invested in information technology company CashEdge

Investment Context
  • This is Susquehanna Growth Equity’s 2nd transaction in the Information Technology sector.
  • This is Susquehanna Growth Equity’s 1st transaction in the United States.
  • This is Susquehanna Growth Equity’s 1st transaction in New York.
Investment Fate
  • CashEdge was sold to a publicly-traded strategic buyer in 2011 for 465M USD.

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Investment Summary

Date January 1, 2007
Target CashEdge
Sector Information Technology
Investor(s) Susquehanna Growth Equity
Deal Type Growth Capital

Target Company

CashEdge

New York, New York, United States
CashEdge, Inc. is a provider of Intelligent Money Movement services, enabling financial institutions to provide a single point of access for multiple, easy-to-use consumer and small business transfer routes. CashEdge's solutions include P2P money transfer, funds transfer, end-to-end online account opening and funding, and data consolidation.
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Investor Overview 1

Investor

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $10 to $200 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.


Deal Context for Investor #
Overall 2 of 73
Sector: Information Technology 2 of 14
Type: Growth Capital 2 of 44
State: New York 1 of 10
Country: United States 1 of 56
Year: 2007 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-20 WisdomTree

London, United Kingdom

WisdomTree develops and distributes specialized exchange-traded commodities which include the WisdomTree UCITS Exchange Traded Funds (ETF), ETF Securities ETPs, and Boost ETP ranges. WisdomTree was founded in 2003 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 29West

Warrenville, Illinois, United States

29West, Inc. is a provider of high-performance, Ultra-Low Latency Messaging (ULLM) technology solutions for financial institutions worldwide.

Buy -