Venture • Software

Warburg Pincus Invests In Spigit

On October 15, 2009, private equity firm Warburg Pincus invested in software company Spigit

Investment Context

This is Warburg Pincus’ 8th transaction in the Software sector.
This is Warburg Pincus’ 86th transaction in the United States.
This is Warburg Pincus’ 16th transaction in California.

Investment Fate

Spigit was sold to a strategic buyer in 2013.
Spigit was divested to a consortium of strategic buyers in 2018.

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Investment Summary
Date	October 15, 2009
Target	Spigit
Sector	Software
Investor(s)	Warburg Pincus
Deal Type	Venture

Target Company

Spigit

Pleasanton, California, United States

Spigit, Inc. is an early-stage software company that provides innovation/idea management services to enterprise customers. It provides customers with collaborative, social networking tools to engage employees and customers for business innovation and idea discovery. Users submit, review, vote and provide feedback on ideas on the platform. Spigit was founded in 2007 and is based in Pleasanton, California.

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Investor Overview 1

Investor

Warburg Pincus

New York, New York, United States

Investor Investor

Category	Private Equity Firm
Founded	1966
PE ASSETS	83.0B USD
Size	Mega
Type	Sector Agnostic

DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

Deal Context for Investor	#
Overall	151 of 493
Sector: Software	8 of 34
Type: Venture	20 of 70
State: California	16 of 44
Country: United States	86 of 242
Year: 2009	10 of 10

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2009-10-15	Webster Bank Stamford, Connecticut, United States Webster Bank is a bank holding company for Webster Bank. Webster provides consumer and business banking, mortgage, financial planning, and trust and investment services. Webster Bank was founded in 1935 and is based in Waterbury, Connecticut.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2009-10-15

Webster Bank

Stamford, Connecticut, United States

Webster Bank is a bank holding company for Webster Bank. Webster provides consumer and business banking, mortgage, financial planning, and trust and investment services. Webster Bank was founded in 1935 and is based in Waterbury, Connecticut.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2010-01-01	Walkman Tianjin, China Walkman is a domestic provider of orthopedic implant products in China. Walkman was founded in 2001 and is based in Tianjin, China.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2010-01-01

Walkman

Tianjin, China

Walkman is a domestic provider of orthopedic implant products in China. Walkman was founded in 2001 and is based in Tianjin, China.

Buy

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