Investment Summary

Tandem Expansion Fund, Centana Growth Partners and Vistara Capital Partners Invest In Blueprint

On May 2, 2012, growth capital firm Tandem Expansion Fund, growth capital firm Centana Growth Partners and private equity firm Vistara Capital Partners invested in software company Blueprint

Investment Highlights
  • This is Tandem Expansion Fund’s 3rd, Centana Growth Partners’ 1st and Vistara Capital Partners’ 2nd transaction in the Software sector.
  • This is Tandem Expansion Fund’s 7th, Centana Growth Partners’ 1st and Vistara Capital Partners’ 2nd transaction in Canada.
  • This is Tandem Expansion Fund’s 4th, Centana Growth Partners’ 1st and Vistara Capital Partners’ 1st transaction in Ontario.

Investment Summary

Date 2012-05-02
Target Blueprint
Sector Software
Investor(s) Tandem Expansion Fund
Centana Growth Partners
Vistara Capital Partners
Deal Type Venture

Target

Blueprint

Toronto, Ontario, Canada
Blueprint is a provider of industry-major software solutions that accelerate and de-risk the digital transformation of large organizations. Blueprint transforms the Business-IT relationship into a visual and engaging collaboration. Blueprint Software System was founded in 2004 and is based in Toronto, Ontario.

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Investor(S) 3

Investor

Tandem Expansion Fund

Toronto, Ontario, Canada

Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Tandem Expansion is a private growth capital fund seeking to invest in small to mid-sized tech businesses in Canada. Specific areas of interest include IT (hardware, software, service), clean tech, energy/resource, technology, advanced materials, and life science. The Firm looks to invest $10 to $30 million in fast growing businesses with $5 to $50 million in revenues. Investment proceeds are typically used to fund organic growth or provide acquisition capital. Tandem was formed in 2009 and is based in Montreal, Québec.


DEAL STATS #
Overall 7 of 11
Sector (Software) 3 of 4
Type (Venture) 5 of 6
State (Ontario) 4 of 5
Country (Canada) 7 of 10
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-16 Acquisio

Brossard, Quebec, Canada

Acquisio, Inc. is a local business software provider for online advertising management. Acquisio empowers SMBs to thrive in the digital economy by facilitating customer acquisition using ad platforms such as Google AdWords, Facebook Ads, and Bing Ads. Acquisio, Inc. was founded in 2003 and is based in Brossard, Quebec.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-10 Coveo

Quebec City, Quebec, Canada

Coveo search technology redefines how people access and share fragmented knowledge around the social enterprise. The company brings together the collective and yet fragmented information from social, enterprise, and cloud-based systems, relevant to every user and customer, every time. Coveo connects people to contextual content, and through content, to relevant people. This enables more efficient customer service, increased sales, shorter sales cycles, faster innovation for better product development and increased profitability. Its advanced search and unified indexing technology securely connects with and crawls all systems to create a virtual integration layer, by federating and normalizing structured and unstructured information. Coveo was formed in 2005 and is based in Quebec City, Quebec.

Buy -
DESCRIPTION

Centana Growth Partners is a growth oriented investment firm focused on opportunities in the fin tech and enterprise technology sectors. Centana looks to invest in rapidly growing companies to sustain or accelerate growth, for working capital, to fund acquisitions, or improve balance sheets. Centana has offices in Palo Alto, California and New York City.


DEAL STATS #
Overall 1 of 16
Sector (Software) 1 of 4
Type (Venture) 1 of 12
State (Ontario) 1 of 2
Country (Canada) 1 of 3
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-11 One

Folsom, California, United States

One is a digital payment solutions vendor focused exclusively on the insurance industry. The company’s InsureOne™ product suite enables property and casualty insurers to expand their distribution channels and increase revenues while replacing legacy core systems that are inefficient and inflexible. Its software is used by a rapidly growing list of notable customers, including the National General Insurance Company, Confie Seguros, and Mutual of Enumclaw. One was formed in 2005 and is based in Folsom, California.

Buy -
DESCRIPTION

Vistara Capital Partners is a growth focused private equity firm that makes investments in technology and technology-enabled service companies across North America. The Firm looks to invest between $3 and $10 million in companies generating sales greater than $10 million. Vistara Capital Partners was formed in 2015 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 3 of 15
Sector (Software) 2 of 7
Type (Venture) 1 of 1
State (Ontario) 1 of 3
Country (Canada) 2 of 7
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-10 Syscon Justice Systems

Richmond, British Columbia, Canada

Syscon Justice Systems Ltd. is a provider of an Offender Management Systems, with major deployments in the US, Canada, UK, and Australia. Syscon offers a full suite of solutions, including prison management, jail management, trust accounting, inmate health records, probation and parole monitoring, and risk assessment tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-02 Zafin Labs Technologies

Vancouver, British Columbia, Canada

Zafin Labs Technologies is a provider of relationship banking software solutions to financial services providers worldwide. Company technology platform, miRevenue, was built from the ground up for banking, enabling customer-centric product innovations that drive revenue, transparency and operational efficiency across the customer lifecycle. Zafin Labs Technologies was founded in 2002 and is based in Vancouver, British Columbia.

Buy -