Investment Summary

Exits Nimaya

On May 15, 2008, invested in software company Nimaya from Updata Partners

Investment Highlights
  • This is transaction in the Software sector.
  • This is transaction in the United States.
  • This is transaction in District of Columbia.

Investment Summary
Date 2008-05-15
Target Nimaya
Sector Software
Sellers(s) Updata Partners
Deal Type Bankruptcy

Target

Nimaya

Washington, District of Columbia, United States
website
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.

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Seller(S) 1

SELLER

Updata Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

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 $10 and $25 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 9 of 44
Sector (Software) 6 of 20
Type (Bankruptcy) 2 of 2
State (District of Columbia) 1 of 1
Country (United States) 9 of 40
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-28 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-12 M86 Security

Orange, California, United States

M86 Security is a provider of Secure Internet Gateway products. Its customers include schools & universities, healthcare providers, governments, and small businesses. With the company’s Internet and email filtering solutions, customers can proactively enforce Internet usage policies, comply with corporate governance requirements and improve network performance while protecting employees from inbound malware.

Buy -
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