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Investment Summary

Updata Partners Invests In LendKey Technologies

On August 7, 2013, growth capital firm Updata Partners invested in internet software and services company LendKey Technologies

Investment Highlights
  • This is Updata Partners’ 5th transaction in the Internet Software and Services sector.
  • This is Updata Partners’ 38th transaction in the United States.
  • This is Updata Partners’ 1st transaction in Ohio.

Investment Summary
Date 2013-08-07
Target LendKey Technologies
Sector Internet Software and Services
Investor(s) Updata Partners
Deal Type Venture

Target

LendKey Technologies

Cincinnati, Ohio, United States
LendKey Technologies is an online lending solution for banks and credit unions. LendKey helps lenders of all types and sizes grow and run their digital loan business. LendKey Technologies was established in 2007 and is based in Cincinnati, Ohio.

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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 Large
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 $150 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 39 of 68
Sector: Internet Software and Services M&A 5 of 11
Type: Venture M&A Deals 25 of 43
State: Ohio M&A 1 of 2
Country: United States M&A 38 of 58
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-03 OrderMotion

Burlington, Massachusetts, United States

OrderMotion, Inc. is a leading provider of order transaction software for direct marketers and retailers. OrderMotion’s on-demand platform enables merchants to easily process customer orders for multiple brands and from any channel, without costly, up-front investments in staff, software, and infrastructure.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-20 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.

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