Investment Summary

Updata Partners Invests In CData Software

On March 25, 2020, growth capital firm Updata Partners invested in software company CData Software

Investment Highlights
  • This is Updata Partners’ 24th transaction in the Software sector.
  • This is Updata Partners’ 49th transaction in the United States.
  • This is Updata Partners’ 2nd transaction in North Carolina.

Investment Summary
Date 2020-03-25
Target CData Software
Sector Software
Investor(s) Updata Partners
Deal Type Venture

Target

CData Software

Chapel Hill, North Carolina, United States
CData Software is a provider of data access and connectivity solutions specializing in the development of standard drivers and data access technologies for real-time access to online or on-premise applications, databases and web APIs. CData Software is based in Chapel Hill, North Carolina.

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Investor(S) 1

Investor

Updata Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1998
PE ASSETS 1.5B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Updata Partners is the investment affiliate of Updata Advisors, an East Coast US based investment bank. Updata Partners looks to invest in growth oriented information technology businesses from early-stage to buyout, with revenues up to $50 million. Updata Partners typically invests between $15 and $100 million as a lead or co-lead investor. Within information technology, Updata has specific interest in; infrastructure software, physical and digital security, storage software, educational software, internet and interactive technology, media and wireless infrastructure and services, financial technology software, retail technology, business intelligence, subscription-based and on-demand information services, and business services. Updata Partners was formed in 1998 and is based in Washington DC.

DEAL STATS #
Overall 55 of 65
Sector (Software) 24 of 29
Type (Venture) 35 of 43
State (North Carolina) 2 of 2
Country (United States) 49 of 55
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-10 Practifi

Chicago, Illinois, United States

Practifi is a business management platform for financial advisors. Small advice firms and multinational wealth management companies leverage Practifi to manage customer relationships, accelerate productivity, and maintain compliance. Practifi was established in 2013 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 Liongard

Houston, Texas, United States

Liongard provides a unified automation platform enabling managed service providers (MSPs) to document, audit, and secure their clients’ systems across cloud and on-premise environments. Liongard was established in 2015 and is based in Houston, Texas.

Buy -
Mergr

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