Investment Summary

Updata Partners Invests In Secure Software

On February 10, 2005, growth capital firm Updata Partners invested in software company Secure Software

Investment Highlights
  • This is Updata Partners’ 6th transaction in the Software sector.
  • This is Updata Partners’ 13th transaction in the United States.
  • This is Updata Partners’ 4th transaction in Virginia.
Investment Fate
  • Secure Software was sold to a strategic buyer in 2007.

Investment Summary

Date 2005-02-10
Target Secure Software
Sector Software
Investor(s) Updata Partners
Deal Type Venture

Target

Secure Software

McLean,, Virginia, United States
Secure Software provides application-security products and process technology that help organizations cost-effectively eliminate security flaws at the source - insecure software code - in legacy, acquired, and new-start applications

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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 13 of 68
Sector: Software M&A 6 of 33
Type: Venture M&A Deals 8 of 43
State: Virginia M&A 4 of 8
Country: United States M&A 13 of 58
Year: 2005 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Interactions

Franklin, Massachusetts, United States

Interactions provides a revolutionary offering for the customer service market that enables companies to dramatically improve the customer experience and substantially lower costs. Solving the problems inherent to speech recognition and outsourcing, Interactions' Intent Recognition(tm) is a generation leaping approach that enables significantly higher automation rates that address a much broader and more complex range of customer interactions. Interactions was founded in 2004 and is based in Franklin, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-25 The GETPAID

Parsippany, New Jersey, United States

The GETPAID Corporation is a proivder of credit, collections and dispute resolution software and solutions. Established in 1983, the GETPAID Software application is used to manage billions in past due receivables in more than 550 companies in the U.S. and abroad.

Sell -