Investment Summary

Exits Nirvanix

On October 1, 2013, invested in information technology company Nirvanix from Valhalla Partners

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • Nirvanix was sold to a strategic buyer in 2013.

Investment Summary
Date 2013-10-01
Target Nirvanix
Sector Information Technology
Sellers(s) Valhalla Partners
Deal Type Bankruptcy

Target

Nirvanix

San Diego, California, United States
website
Nirvanix is the leading provider of enterprise-class cloud storage services designed specifically for customers with expectations of extreme security, reliability and redundancy. Under its CloudComplete™ portfolio, Nirvanix is the only company that offers fully managed public, hybrid and private cloud storage services with usage-based pricing. The company's battle-hardened, proven second generation technology is utilized by leading IT OEMs and is fully integrated with third-party backup and archiving software products and appliances, enabling One Click to the Cloud™. Nirvanix has global customers accessing its Cloud Storage Network™, from SMBs to Fortune 500 companies.

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Seller(S) 1

SELLER

Valhalla Partners

Vienna, Virginia, United States

Investor Investor Investor

website

Category Venture Capital Firm
Founded 2002
PE ASSETS 440M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Valhalla Partners is a private equity and venture capital firm focused primarily on providing capital to technology companies in the Mid-Atlantic US. Valhalla will invest at all company stages, including early-stage needs as well as more mature company situations such as divestitures. Sub-sectors of tech Valhalla will consider include software, internet, digital media, mobile, and data storage. Valhalla Partners was formed in 2002 and is based in Vienna, Virginia.

DEAL STATS #
Overall 18 of 32
Sector (Information Technology) 5 of 8
Type (Bankruptcy) 1 of 2
State (California) 4 of 5
Country (United States) 18 of 32
Year (2013) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-12 Enterasys Networks

Andover, Massachusetts, United States

Enterasys Networks is a provider of Secure Networks for enterprise customers. Enterasys' innovative network infrastructure offerings deliver the security, productivity and adaptability benefits required by Global 2000 organizations, coupled with the industry's strongest service and support.

Sell $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-06 Jumptap

Boston, Massachusetts, United States

Jumptap, Inc. is a carrier-branded mobile search and advertising.

Sell $225M
Mergr

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