Investment Summary

Updata Partners and Insight Partners Invest In DataCore Software

On April 28, 2008, growth capital firm Updata Partners and venture capital firm Insight Partners invested in software company DataCore Software

Investment Highlights
  • This is Updata Partners’ 14th and Insight Partners’ 3rd transaction in the Software sector.
  • This is Updata Partners’ 27th and Insight Partners’ 5th transaction in the United States.
  • This is Updata Partners’ 3rd and Insight Partners’ 2nd transaction in Florida.

Investment Summary

Date 2008-04-28
Target DataCore Software
Sector Software
Investor(s) Updata Partners
Insight Partners
Deal Type Growth Capital

Target

DataCore Software

Ft. Lauderdale, Florida, United States
DataCore Software is a provider of storage virtualization SAN software, fundamentally changes the economics of managing storage with innovative software that combines advanced functions and services with the agility and savings of hardware independence. DataCore Software was established in 1998 and is based in Fort Lauderdale, Florida.

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Investor(S) 2

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 27 of 65
Sector (Software) 14 of 29
Type (Growth Capital) 3 of 14
State (Florida) 3 of 3
Country (United States) 27 of 56
Year (2008) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-04 Alert Logic

Houston, Texas, United States

Alert Logic is a provider of network, system, and application SaaS solutions for customers of hosting and cloud service providers. Alert Logic was founded in 2002 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-15 Nimaya

Washington, District of Columbia, United States

Headquartered in Fairfax, VA, Nimaya provides a leading platform and application suite for revenue maximization through virtual real-time customer data consolidation and analysis. Nimaya?s CustomerGrid helps companies in the telecommunications, financial services, hospitality and technology industries leverage their significant customer data assets for revenue productivity, enhancement, protection and insight.

Sell -
Investor

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 5 of 91
Sector (Software) 3 of 38
Type (Growth Capital) 1 of 23
State (Florida) 2 of 8
Country (United States) 5 of 72
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Precisely

Burlington, Massachusetts, United States

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-21 6waves

Hong Kong, China

6waves is an independent publisher of free-to-play social games on Facebook, with over 55 active games played by over 28 million monthly active users (“MAUs”) as of December 2011. The company aims to publish the next generation of social games to cover every genre, language, and platform. 6waves was founded in 2008 and is based in Hong Kong, China.

Buy -