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Shea & Company, LLC
Annual Enterprise Software Market Review2008
399 Boylston Street Michael H.M. SheaFloor 11 Managing DirectorBoston, Massachusetts 02116 617.896.2255
Source: Company releases, Wall Street research, Shea & Company
($ millions)
Announced Target Acquirer Target Segment & Description Price
12/29/08 Sylantro Systems BroadSoft ERP & Business Applications - VoIP applications for the telecommunications industry n/a12/22/08 Nokia security appliance business Check Point Software IT Security - Purpose-built security platforms n/a12/18/08 EB2 International Limited Sabre Holdings ERP & Business Applications - e-Commerce enabling software for the airline industry n/a12/17/08 ALGOR Autodesk Technical Software - Analysis and simulation software $3412/16/08 Questra Axeda Systems & Network Management - Remote service solutions n/a12/15/08 BIMWorld Autodesk Technical Software - Building information management content for building product manufacturers n/a12/15/08 Newbury Networks Trapeze Networks Network Infrastructure - WLAN location systems n/a12/08/08 Relativity Technologies Micro Focus O/S, Development Tools & Deployment - Enterprise application modernization $1012/03/08 Paisley Thomson Reuters IT Security - Governance risk and compliance (GRC) solutions n/a12/02/08 iLogic Autodesk Technical Software - Desktop rules-based design automation technology n/a12/01/08 ClearStory Systems The FeedRoom Systems & Network Management - Digital asset management n/a11/18/08 Transitive IBM Systems & Network Management - Cross-platform virtualization n/a11/14/08 Talisma Campus Management ERP & Business Applications - Constituent relationship management software for educational organizations n/a11/13/08 Eurekify CA IT Security - Privilege, role and policy management solutions n/a11/12/08 8e6 Technologies Marshal IT Security - Web filtering appliances n/a11/11/08 G2One SpringSource O/S, Development Tools & Deployment - Developer of Groovy and Grails technologies n/a11/11/08 Intradyn Mirapoint IT Security - Email active-archiving appliances n/a11/10/08 ConfirmNet Ebix Technical Software - SaaS-based ASP software for issuing and tracking certificated of insurance $1111/10/08 Trango Virtual Processors VMware Systems & Network Management - Virtualization solutions for embedded processors n/a11/10/08 Vettro Antenna Software ERP & Business Applications - Mobile applications for the field service industry n/a11/06/08 Applied Mesh Technologies SmartSynch Technical Software - Communications solutions for remotely monitoring and controlling energy usage n/a11/06/08 BitLeap Barracuda Networks IT Security - Local and offsite data backup and disaster recovery solutions n/a11/05/08 CYA Technologies enChoice IT Security - ECM recovery and replication solutions n/a11/03/08 Tacit Software Oracle Business Intelligence - Expertise and knowledge search software n/a11/03/08 VTN Technologies SilkRoad technology ERP & Business Applications - Technology-based training platforms n/a10/29/08 Ethidium Health Systems Portico Systems Technical Software - Clinical quality and collaboration tools n/a10/29/08 Haley Ltd. Oracle ERP & Business Applications - Policy modeling and automation software for social services agencies n/a10/29/08 Tatara Systems (mobile broadband business) Smith Micro Software Network Infrastructure - Connection management and mobility gateway software for carrier deployments n/a10/27/08 API Software Francisco Partners ERP & Business Applications - Labor management solutions for healthcare n/a10/23/08 Softimage Autodesk Technical Software - 3D technology for the film, television and games markets $3510/21/08 Intraware Acresso Software Systems & Network Management - SaaS-based entitlement management and electronic software delivery n/a10/14/08 Managed Objects Novell Systems & Network Management - Business service management n/a10/08/08 MessageLabs Symantec IT Security - SaaS-based online messaging and web security services $69510/08/08 Primavera Software Oracle Technical Software - Project Portfolio Management (PPM) solutions n/a10/07/08 IDFocus CA IT Security - Identity management software n/a10/07/08 Radiance Technologies Comcast Media Center Communications - Asset-delivery systems for distributing and managing large digital assets $510/06/08 Ceon Convergys Technical Software - Product lifecycle management and multi-play fulfillment software for comm. service providers n/a10/06/08 OptiInvoice Digital Technology AB Kofax ERP & Business Applications - Electronic invoice and document processing software $410/01/08 Advanced Visual Technology Oracle Technical Software - 3D visual macro space planning software for retailers n/a10/01/08 LeftHand Networks HP Storage Management - Storage virtualization and iSCSI storage area network (SAN) solutions $360
4proprietary & confidential
2008 Infrastructure & Application Software Acquisitions continued
Source: Dow Jones VentureSource
($ millions)
Announced Target Acquirer Target Segment & Description Price
09/29/08 Authoria Bedford Funding ERP & Business Applications - Talent management software $6309/23/08 Projity Serena Software ERP & Business Applications - Project management software n/a09/22/08 Secure Computing McAfee IT Security - Enterprise gateway security $46509/19/08 Jabber Cisco ERP & Business Applications - Presence and instant messaging software n/a09/15/08 Yawah Adobe ERP & Business Applications - Dynamic imaging software n/a09/12/08 NetPro Computing Quest Software Systems & Network Management - Microsoft infrastructure optimization solutions $7909/10/08 Wisor Telecom Synchronoss Technologies Systems & Network Management - Service-focused operations support systems for next generation service providers n/a09/04/08 Captaris Open Text Content Management - Business process automation and electronic document management $10909/04/08 Qumranet Red Hat Systems & Network Management - Hosted virtual desktop infrastructure platform $10709/03/08 NetPriva Expand Networks Systems & Network Management - Software-based WAN optimization solutions n/a09/02/08 Amphire Solutions iTradeNetwork (Accel-KKR) ERP & Business Applications - Supply chain and purchasing solutions for the foodservice, hospitality & healthcare industries n/a09/02/08 ClearApp Oracle Systems & Network Management - Application management solutions for composite applications n/a09/02/08 HEALTHCAREfirst The Riverside Company ERP & Business Applications - Hosted software solutions for small businesses in the home health and hospice markets n/a08/29/08 OpenedHand Intel O/S, Development Tools & Deployment - Mobile Linux development and services n/a08/28/08 MIZI Research Wind River O/S, Development Tools & Deployment - Embedded Linux-based mobile application platforms $1608/27/08 PostPath Cisco ERP & Business Applications - Email and calendaring software $21508/27/08 Pydev Aptana O/S, Development Tools & Deployment - Eclipse-based development environment for the Python software language n/a08/26/08 InfoBasis Salary.com ERP & Business Applications - On-demand learning and development software $508/25/08 Control Point Solutions HCL Technologies ERP & Business Applications - Voice, data and wireless telecommunication expense management $2108/23/08 Perfectview Belgie GlobalTech ERP & Business Applications - CRM provider $108/21/08 Wonderware SAT Corporation ERP & Business Applications - Mobile workforce management and decision support solutions n/a08/20/08 Elektro-CAE-Software GmbH Autodesk Technical Software - Electrical computer-aided design (CAD) software n/a08/18/08 PC Tools Symantec IT Security - Software to protect the privacy and security of Windows users n/a08/18/08 SnapIn Software Nuance Communications Communications - On-device self-service software for mobile operators $18008/14/08 Zi Nuance Communications Content Management - Discovery and usability solutions for mobile devices $3808/12/08 Habeas Return Path IT Security - Email reputation management and deliverability services n/a08/11/08 3D Geo Autodesk Technical Software - 3D urban modeling solutions n/a08/07/08 TelaPoint Wright Express ERP & Business Applications - Supply chain software solutions for petroleum distributors and fuel retailers $4008/06/08 nCode International HBM O/S, Development Tools & Deployment - Durability, test & measurement, data analysis, asset monitoring and product design solutions n/a08/06/08 Parascript Authentidate ERP & Business Applications - Image analysis and pattern recognition software that interprets human thinking and behavioral patterns $5008/05/08 Ex Libris Group Leeds Equity Partners ERP & Business Applications - Automation solutions for academic libraries n/a08/04/08 IDeaS Revenue Optimization SAS ERP & Business Applications - Revenue optimization software for the hospitality industry n/a08/04/08 InStranet Salesforce.com ERP & Business Applications - Call center optimization software $2708/01/08 GL Trade SunGard ERP & Business Applications - Financial trading software $58507/31/08 EnergyWindow E Source ERP & Business Applications - Online tools that support energy-sourcing decisions and procurement n/a07/31/08 Global Knowledge Software Oracle ERP & Business Applications - Self-service training automation software n/a07/31/08 OnDemandIQ LogiXML Business Intelligence - On-demand sales analytics solutions n/a07/31/08 Reconnex McAfee IT Security - Data loss prevention technology that learns and adapts to automate the ongoing protection of data $4607/31/08 Trovix Monster ERP & Business Applications - Web-based semantic search software for recruitment $7307/29/08 Ribbit British Telecom O/S, Development Tools & Deployment - Platform for adding voice and automation feature to web-based applications $105
5proprietary & confidential
2008 Infrastructure & Application Software Acquisitions continued
($ millions)
Source: Dow Jones VentureSource
Announced Target Acquirer Target Segment & Description Price
07/28/08 ILOG IBM O/S, Development Tools & Deployment - Business rule, optimization and visualization software $26607/28/08 Utimaco Safeware Sophos IT Security - Data loss prevention and compliance software $28307/24/08 DATAllegro Microsoft Business Intelligence - Data warehouse appliances n/a07/24/08 Discovery Mining Interwoven Content Management - eDiscovery provider to professional services firms $3607/23/08 Pure Networks Cisco Communications - Home networking-management software and tools $12007/23/08 SSP Hellman & Friedman ERP & Business Applications - IT solutions for the insurance and financial services industries $39607/21/08 Foundry Networks Brocade Network Infrastructure - Network switching and routing $1,59307/14/08 Blue Frog Solutions Bluff Point Associates ERP & Business Applications - Life and annuity insurance order management and compliance solutions n/a07/14/08 Zoomix Microsoft Business Intelligence - Data quality software n/a07/11/08 Liant Software Micro Focus O/S, Development Tools & Deployment - Business information system development tools for legacy application modernization $507/10/08 eMotion Open Text Content Management - Hosted solutions for managing and distributing digital media assets and marketing content n/a07/03/08 Financial Objects Temenos ERP & Business Applications - Software solutions for the banking, wealth management and energy sectors $4407/02/08 Linspire Xandros O/S, Development Tools & Deployment - Linux-based operating system and software delivery service n/a07/01/08 Solidware Technologies Coverity O/S, Development Tools & Deployment - Solutions for improving software quality, focusing dev & testing teams on failure-prone code n/a06/30/08 Mindreef Progress O/S, Development Tools & Deployment - Web services testing and SOA quality management solutions n/a06/25/08 IONA Technologies Progress O/S, Development Tools & Deployment - Service-oriented architecture infrastructure and integration software $10606/24/08 Fortiva Proofpoint IT Security - On-demand email archiving solutions for legal discovery, regulatory compliance and storage management n/a06/23/08 Skywire Software Oracle ERP & Business Applications - Insurance software and document management business applications n/a06/19/08 Insightful Corporation TIBCO Business Intelligence - Statistical data analysis and data mining solutions $2506/17/08 ITM Software BMC Software Systems & Network Management - Management software for the IT organization n/a06/17/08 Motive Alcatel-Lucent App. Delivery & Network Acceleration - Service management software for broadband and mobile data services $5106/17/08 Visiprise SAP ERP & Business Applications - Manufacturing execution software solutions n/a06/11/08 Validate Technology SQS O/S, Development Tools & Deployment - Testing and quality management software $2506/10/08 Attenex FTI Consulting IT Security - Electronic discovery software and services $8806/09/08 HireRight US Investigations Services ERP & Business Applications - On-demand employment background and drug screening solutions $14606/08/08 CodeGear Embarcadero Technologies O/S, Development Tools & Deployment - High-productivity development tools n/a06/08/08 Gemcom Software Ltd. JMI Equity & Carlyle Group ERP & Business Applications - Specialized mining software spanning exploration through production management $18706/06/08 SwapDrive Symantec Storage Management - Online storage solution $12306/06/08 Tumbleweed Communications Axway Software IT Security - Managed file transfer, email security and identity validation $13806/05/08 Practique Associates Merced Systems ERP & Business Applications - Incentive Compensation Management (ICM) solutions n/a06/03/08 Helium Systems NetQoS Systems & Network Management - Financial trade monitoring n/a06/02/08 OpenAir NetSuite ERP & Business Applications - On-demand professional services automation software $2605/29/08 Beep Science SafeNet IT Security - Mobile digital rights management (DRM) software n/a05/29/08 Kintera Blackbaud ERP & Business Applications - SaaS CRM solution for the nonprofit and government sectors $4405/29/08 Solstice Software Green Hat O/S, Development Tools & Deployment - Automated testing of SOA applications and integration n/a05/28/08 B-hive Networks VMware Systems & Network Management - End-user application performance management software for virtualized environments n/a05/27/08 Codefast Coverity O/S, Development Tools & Deployment - Software development tools n/a05/19/08 Evolutionary Technologies International Versata Enterprises ERP & Business Applications - Enterprise data integration solutions n/a05/16/08 Mediasurface Alterian ERP & Business Applications - Web content management solutions n/a05/15/08 Aware Interweave InfoLogix ERP & Business Applications - Enterprise mobility and mobile access for users of SAP enterprise software n/a
6proprietary & confidential
2008 Infrastructure & Application Software Acquisitions continued
($ millions)
Source: Dow Jones VentureSource
Announced Target Acquirer Target Segment & Description Price
05/15/08 Ponte Solutions Mentor Graphics Technical Software - Design solutions that analyze, predict and reduce process variability during the manufacture of semiconductors n/a05/15/08 Strohl Systems Group SunGard IT Security - Business continuity software and consulting n/a05/13/08 AdminServer Oracle ERP & Business Applications - Insurance policy administration software n/a05/13/08 AmeriVault PHNS Storage Management - Managed data protection and offsite storage services n/a05/12/08 LogicLibrary SOA Software O/S, Development Tools & Deployment - SOA repository and governance n/a05/09/08 HighJump Software (3M) Battery Ventures ERP & Business Applications - Supply chain management software n/a05/08/08 Firedrop Xobni ERP & Business Applications - Synchronized applications placed in email messages n/a05/07/08 REALVIZ Autodesk Technical Software - Image-based content creation software n/a05/07/08 Tevet Process Control Technologies Nanometrics Technical Software - Integrated metrology serving semiconductor and solar manufacturing industries n/a05/06/08 Vurv Technology Taleo ERP & Business Applications - On demand talent management solutions $13805/05/08 Clear Technology Versata Enterprises ERP & Business Applications - Business process automation solutions for the financial services and insurance industries n/a05/04/08 ViaNovus SWORD Group ERP & Business Applications - Cost management solutions for construction and engineering programs n/a05/01/08 Moldflow Autodesk Technical Software - Plastics simulation software $20605/01/08 NetManage Micro Focus O/S, Development Tools & Deployment - Technologies to transform core applications into new Web-based business solutions $4804/29/08 InfoDyne IBM Technical Software - High-speed platforms and data feed connectors n/a04/28/08 Centennial Software FrontRange Solutions Systems & Network Management - Infrastructure management including auto-discovery, inventory & license management n/a04/28/08 Koders Black Duck Software O/S, Development Tools & Deployment - Search engine for open source software and other web-downloadable code n/a04/22/08 FullTilt Solutions QAD ERP & Business Applications - Product information management solutions n/a04/22/08 Incuity Software Rockwell Automation Business Intelligence - Enterprise manufacturing intelligence software n/a04/21/08 Instill Corporation iTradeNetworks Business Intelligence - Spend intelligence solutions for the food service industry n/a04/21/08 Packeteer Blue Coat Systems App. Delivery & Network Acceleration - WAN optimization and WAN traffic prioritization $19004/18/08 Diligent Technologies IBM Storage Management - Storage de-duplication technology n/a04/17/08 Identity Systems Informatica ERP & Business Applications - Develops software products which enable organizations to search, find, match and group identity data $8504/11/08 TriZetto Group Apax Partners ERP & Business Applications - Administrative, care & network management and constituent web solutions for the healthcare industry $1,40004/10/08 FilesX IBM Storage Management - Storage software for continuous data protection and data & application recovery n/a04/09/08 AppStream Symantec Systems & Network Management - Technology used to distribute computer programs across large networks n/a04/08/08 eScription Nuance Communications Technical Software - Computer-aided medical transcription technology $40004/08/08 Indicative Software Nimsoft Systems & Network Management - Business service management and end-user response time monitoring n/a04/08/08 Iomega EMC Storage Management - Storage and network security solutions $14804/07/08 M-Tech Information Technology Hitachi IT Security - Identity management software and services n/a04/04/08 System Innovators Harris Computer Systems ERP & Business Applications - Online cashiering and collection systems for government and utility clients n/a04/01/08 Certus Neohapsis IT Security - Enterprise governance, risk and compliance (GRC) management software n/a03/31/08 Ansoft ANSYS Technical Software - Electronic design automation $76803/31/08 Tower Software HP Content Management - Enterprise content management for regulated and government industries n/a03/27/08 e-TEST Suite (from Empirix) Oracle O/S, Development Tools & Deployment - Web application testing solutions n/a03/27/08 ModernBill Parallels ERP & Business Applications - Automated billing systems and other hosting automation solutions n/a03/20/08 Komoku Microsoft IT Security - Advanced rootkit security detection solutions n/a03/20/08 Synplicity Synopsys Technical Software - Innovative software and system solutions for the design and verification of semiconductors $18803/17/08 BladeLogic BMC Software Systems & Network Management - Data center automation $80003/17/08 Teragram SAS Business Intelligence - Natural language processing and advanced linguistic technology n/a
7proprietary & confidential
2008 Infrastructure & Application Software Acquisitions continued
($ millions)
Source: Dow Jones VentureSource
Announced Target Acquirer Target Segment & Description Price
03/16/08 Shanghai Hong Xun Software Convergys Communications - Software that allows service providers to support next-generation services including VOIP and video-on-demand n/a03/14/08 Rapt Microsoft ERP & Business Applications - Advertising yield management solutions for digital media publishers n/a03/12/08 Encentuate IBM IT Security - Identity and access management software focused on enterprise single sign-on n/a03/12/08 Kidaro Microsoft Systems & Network Management - Desktop virtualization solutions for enterprises $9503/10/08 Infra Corporation EMC Systems & Network Management - Web-based IT service management software n/a03/04/08 LeanLogistics Brambles ERP & Business Applications - Technology-based transport and supply chain solutions $4503/03/08 Optio Software Bottomline Technologies ERP & Business Applications - Technology solutions for improving the efficiency of document-intensive processes $3502/25/08 Enterprise Performance Systems Eclipsys Business Intelligence - Web-based business performance-improvement solutions for healthcare providers $5302/25/08 PlateSpin Novell Systems & Network Management - Solutions to help companies manage & extend server virtualization in the data center $20502/22/08 VasTech Lawson Software ERP & Business Applications - Workforce management software n/a02/21/08 Pi EMC Content Management - Personal information management n/a02/20/08 CapitalStream HCL Technologies ERP & Business Applications - Processing solutions for commercial banks and finance companies $4002/19/08 Eatec Agilysys ERP & Business Applications - Inventory and procurement software $2302/19/08 Kynogon Autodesk ERP & Business Applications - Artificial intelligence middleware used by videogame developers n/a02/13/08 SiteScape Novell ERP & Business Applications - Open source team collaboration software n/a02/12/08 innotek Sun Microsystems Systems & Network Management - Open source virtualization software n/a02/12/08 MessageOne Dell IT Security - SaaS enabled enterprise-class email business continuity, compliance, archiving and disaster recovery services $15502/11/08 Danger Microsoft ERP & Business Applications - Integrated solution for mobile operators to deliver data & internet services to their subscribers n/a02/11/08 Idiom Technologies SDL plc Content Management - SaaS delivered translation management systems $2702/11/08 LeCayla Technologies OpSource ERP & Business Applications - Billing and customer on-boarding software for SaaS and web-based applications n/a02/06/08 Cape Clear Workday Systems & Network Management - Enterprise Service Bus (ESB) provider n/a01/31/08 CODA Unit 4 Agresso ERP & Business Applications - ERP software to finance departments $28901/28/08 Trolltech Nokia O/S, Development Tools & Deployment - Cross-platform software development frameworks and application platforms $13301/24/08 e-Dialog GSI Commerce ERP & Business Applications - Web-based e-mail marketing solutions $15701/23/08 AptSoft IBM Business Intelligence - Business event processing software n/a01/22/08 Exstream Software HP ERP & Business Applications - Enterprise software that streamlines the creation and delivery of personalized documents n/a01/21/08 Calista Technologies Microsoft Systems & Network Management - Graphics technologies for next-generation desktop and presentation virtualization solutions n/a01/18/08 Net Integration Technologies IBM O/S, Development Tools & Deployment - Complete business server software solutions for small business n/a01/17/08 Precise Software Vector Capital Systems & Network Management - Application performance management n/a01/16/08 BEA Systems Oracle O/S, Development Tools & Deployment - Mainframe, client-server, and web-based application server software integration middleware $7,20001/16/08 Captovation Oracle ERP & Business Applications - Document capture solutions n/a01/16/08 MySQL Sun Microsystems O/S, Development Tools & Deployment - Open source databases $1,00001/15/08 Thinstall VMware Systems & Network Management - Application virtualization n/a01/14/08 Foedus VMware Systems & Network Management - Virtualization technologies and services n/a01/14/08 NTI Group Blackbaud ERP & Business Applications - Web-based SMS and voice mass messaging $19101/09/08 AirWave Wireless Aruba Networks Systems & Network Management - Tools to centrally manage large, multi-vendor wireless LAN, mesh and WiMax networks $3701/08/08 Fast Search & Transfer Microsoft Content Management - Enterprise search solutions $1,20001/03/08 Onaro NetApp Storage Management - Storage service management n/a01/02/08 XIV IBM Storage Management - Storage Area Network systems focusing on digital media for enterprises $325
Close Date Company Amount Participating Investors Description12/31/08 BSKLive $0 JumpStart Inc. Integrated employee scheduling and communications solutions12/31/08 Edenbase $1 Jerusalem Venture Partners Lossless data compression for Oracle databases12/31/08 Exit41 $9 Devonshire Investors, Humphrey Enterprises, JAO Investments Restaurant ordering solutions12/31/08 nfon n/a Earlybird Virtual telephone systems and integrated communications based on IP-based network infrastructure12/31/08 Outsmart n/a n/a Fixed mobile convergence intelligent network -based technology and solutions for mobile and fixed operators12/31/08 StreamBase Systems $6 Accel Partners, Battery Ventures, Bessemer VP, Highland Capital, In-Q-Tel Systems that analyze and act on real-time streaming data for instantaneous decision-making12/31/08 Tribold $11 DFJ Esprit, Eden Ventures, Intel Capital Telecommunications product management software12/31/08 WebLayers $3 Ascent Venture Partners, Cedar Fund, Veritas Venture Partners Governance and compliance solutions for XML, Web services and service oriented architecture (SOA)12/31/08 Zettapoint $1 Jerusalem Venture Partners Data management applications designed to reduce cost and increase performance12/30/08 Scivantage $1 Edison Venture Fund Web-based, front and middle office technology solutions for the financial services industry12/24/08 Lumigent Technologies $6 n/a Database auditing solutions for compliance and security12/24/08 Rivermine Software $5 Columbia Capital, Longworth VP, SoftBank Capital, Valhalla Partners Automated telecom expense management solution12/24/08 TrueCommerce $0 Edison Venture Fund Network software that allow companies to transact with their trading partners using electronic data interchange12/24/08 Varonis Systems $15 Accel Partners, Evergreen Venture Partners, Pitango Venture Capital Data governance solutions12/23/08 HighRoads $1 ABS Ventures, Egan-Managed Capital, Kodiak Venture Partners Benefits lifecycle management solutions12/23/08 Kadient $4 Commonwealth Capital, Kodiak VP, North Bridge VP Sales productivity solutions12/23/08 Sharpcast $10 Draper Fisher Jurvetson Connected applications platform for consumer media and information management12/23/08 TriCipher $12 Trident Capital Unified authentication infrastructure that protect web applications and enterprise portals12/23/08 Vertica Systems n/a Bessemer Venture Partners Scalable data warehouse software solutions12/22/08 SpringCM $7 Foundation Capital, North Bridge Venture Partners Enterprise content management solutions for document and workflow management12/21/08 Earnix $2 Jerusalem Venture Partners Pricing, revenue, customer segmentation and demand analysis solutions12/19/08 Vontoo n/a EDF Ventures System that creates, sends and tracks voice messages specifically tailored to a recipient's interests12/18/08 Core Solutions $1 Emerald Stage2 Ventures Business transaction management, supply chain optimization, BI and custom developed solutions12/18/08 Mformation Technologies $6 Carmel Ventures, North Bridge Venture Partners Wireless device management software12/18/08 NetBooks $5 CMEA Ventures Online small business management software including accounting, CRM, ERP, shipping and inventory12/18/08 Overture Technologies $6 New Markets Venture Partners Decisioning software solutions for financing processes for the mortgage and higher education industries12/17/08 InforSense $3 Elaia Partners Informatics infrastructure software to support decision-making in the scientific and business domains12/17/08 iTKO n/a Hunt Ventures SOA testing that allows multiple business technology layers to be exercised within a single test case12/17/08 Leostream $1 Meakem Becker Venture Capital Virtualization management software12/17/08 Nayatek n/a Originate Ventures Enterprise information management including archiving, e-discovery, storage management and compliance12/17/08 Patersons HR & Payroll $30 Rho Ventures SaaS-based HR and payroll software12/17/08 Pendo Systems $1 Chess Ventures Accounting software solutions for financial institutions12/16/08 Aravo Solutions $7 Big Sky Partners, Individual Investors On-demand supplier information management software12/16/08 Clear2Pay $7 AGF Private Equity, Big Bang Ventures, GIMV, Iris Capital, TrustCapital Partners E-payment solutions for financial institutions12/16/08 Infusion Software $8 Mohr Davidow Ventures, vSpring Capital Marketing automation software for small enterprises12/16/08 JackBe $15 Blue Chip Venture Company, Core Capital Partners, Harbert VP, Intel Capital Rich enterprise application software designed to optimize web applications12/15/08 Soonr n/a Clearstone Venture Partners Solutions designed to make computer files available through mobile phones12/14/08 Nolio $5 Blumberg Capital, Cedar Fund Data center applications service automation solutions12/12/08 Venafi $16 Foundation Capital, Origin Partners, UV Partners Management of digital certificates (PKI) on disparate platforms, applications and systems12/10/08 Aster Data Systems $12 Cambrian Ventures, First Round Capital, JAFCO Ventures, Sequoia Capital Clustered databases for web analytic12/10/08 JasperSoft $13 Adams Street, DCM, Morgenthaler, Partech, Red Hat, Scale VP Open source reporting solutions12/09/08 Kaboa $1 High-Tech Gruenderfonds Management Software that analyzes customer shopping habits and offer targeted and discounted products upon request12/08/08 Aria Systems $10 Hummer Winblad Venture Partners, Venrock On-demand billing and customer management solutions for SaaS, gaming and entertainment companies12/08/08 Neocase Software $10 Caisse des Depots et Consignation, Iris Capital Web-based call center management12/08/08 Retail Optimization $1 Connecticut Innovations, Elm Street Ventures Merchandising optimization that serves retailers and their consumer product suppliers12/08/08 Seanodes $2 Elaia Partners Storage software solutions specifically designed to meet the requirements of Linux clusters12/05/08 Connotate Technologies n/a n/a Web-monitoring and web-mining solutions12/04/08 Silverpop Systems n/a European Founders Fund Permission-based email marketing12/02/08 Advestigo $5 Cap Decisif Management, Eontech Ventures, I-Source Gestion Digital asset management solutions12/01/08 LegiTime Technologies $1 Connecticut Innovations Mobile security and management
Close Date Company Amount Participating Investors Description11/27/08 Press-Sense $2 Evergreen Venture Partners, Vertex Venture Capital ERP software for the commercial printing industry11/26/08 Black Duck Software $3 Fidelity, Flagship, Focus, General Catalyst, Intel Capital, Red Hat, SAP Ventures Software compliance management solutions11/25/08 GridApp Systems $2 Advantage Capital Partners, Ascend Venture Group, Rand Capital Database automation solutions11/25/08 Quickoffice n/a Mayfield Office document software for mobile phones11/24/08 Evident Software $2 Emerald Stage2 Ventures , NextStage Capital Metering, reporting and analytics for virtualized applications running on compute and data grids11/24/08 Virtual Computer, Inc $9 Flybridge Capital Partners Software for managing mobile devices on enterprise networks11/24/08 Worksoft $8 Austin Ventures, Crescendo Ventures Lifecycle automation solutions for use with SAP solutions11/21/08 geoVue $0 Boston Community Venture Fund, Massachusetts Technology Development Location-based decision support systems for the retail, manufacturing and services industries11/20/08 ConSentry Networks $9 Accel, Duff Ackerman & Goodrich, Invesco, Northgate, TransLink, Vedanta LAN security11/19/08 Datacastle $5 CM Capital Investments Data protection including continuous backup, advanced encryption, key management & data reduction11/19/08 Finjan Software $22 Benchmark Capital, Cisco, HarbourVest, Israel Seed Partners Security against known as well as unknown web-borne threats11/18/08 Agilence $4 Granite Ventures, NextStage Capital Provider of event-based video analytics to the retail, transportation and gaming industries11/18/08 Carbonite $21 TransLink Capital Internet-based backup services11/18/08 Pyxis Mobile $5 Ascent Venture Partners, Egan-Managed Capital Wireless applications for the financial services industry11/15/08 Red Condor n/a ATA Ventures Managed email security systems for businesses, government agencies and service providers11/14/08 ExaProtect $2 Elaia Partners Core security event management that monitors, analyzes, & reports on the security of systems & data11/14/08 Jasper Design Automation $7 ZenShin Capital Partners Electronic Design Automation for the design and verification of electronic systems and semiconductors11/14/08 Ubitexx $4 BayBG, KfW Bankengruppe, Target Partners Management and security for smart phones and PDAs11/13/08 FringLand $7 North Bridge Venture Partners Mobile VoIP solution11/13/08 Smartesting $6 I-Source Gestion, Siparex Group Functional testing tools for the smart cards, e-payment, automotive, aeronautic and energy industries11/12/08 Marshal8e6 $10 Updata Partners Secure Internet gateway products for organizations11/12/08 Trust Digital $15 Avansis, Core Capital, Fairhaven CP, MMV Financial, Square 1 Bank, Summerhill Enterprise mobility management software for government organizations and Global 2000 companies11/10/08 Tbricks $5 DN Capital Tools for executing automated trading strategies11/07/08 Rights Tracker n/a Capital Fund IP rights management systems11/06/08 Vela Systems n/a Commonwealth Capital Ventures Mobile solution that streamlines the field administration processes for the construction industry11/05/08 Memento $10 .406 Ventures, Bain Capital, Rock Maple Ventures Internal fraud detection11/04/08 Open-Xchange $9 BayBG, BayTech Venture Capital, eCAPITAL entrepreneurial Partners Open source email and collaboration software for enterprises, academic institutions and government11/03/08 LogicTree $1 Edison Venture Fund Speech-enabled business automation and call center solutions11/03/08 Maxplore Technologies $3 Emergence Capital Partners Hosted software for service logistics and management10/31/08 Birst n/a Duff Ackerman & Goodrich, Hummer Winblad VP, Sequoia Capital Analytic applications for sales organizations10/31/08 CoreTrace $4 Hunt Ventures Security software designed to keep unwanted applications out of systems, networks and desktops10/31/08 Metrixware $2 CM-CIC Capital Prive, SGAM Alternative Investments IT Governance and Application Portfolio Management solutions10/31/08 Syncplicity $2 True Ventures Online data management tools for small and medium-sized businesses10/31/08 Ubiqube $2 n/a Network and security management solutions10/30/08 MetricStream $1 Blade Ventures Governance, risk, compliance (GRC) and quality management10/29/08 Worldmate $8 BlackBerry Partners Fund, Motorola Wireless applications designed to facilitate travel planning, management and expense reporting10/28/08 Zuora $15 Benchmark Capital, Lehman Brothers Venture Partners, Shasta Ventures On-demand subscription billing and payment service10/27/08 VirtuOz $11 Galileo Partners, Mohr Davidow Ventures Intelligent, multilingual conversational customer support and virtual sales agents10/25/08 TalentSoft $1 Seventure Partners Human resource management10/24/08 MX Logic $3 Adams Street Partners, Vista Ventures Email and web security for small and medium-sized businesses10/24/08 New Relic $8 Benchmark Capital, Trinity Ventures Subscription-based Rails performance management software for developers10/22/08 Viridity $7 Battery Ventures, North Bridge Venture Partners Data center management10/21/08 DIY Real Estate $0 JumpStart Inc. Property management software for the residential rental property management market10/21/08 Intransa $15 Entrepia, Guggenheim Partners, Menlo Ventures, Rho Ventures, U.S. VP Network-centric IP SAN solutions10/21/08 Rim-Tec $8 Ignition Partners, Trilogy Equity Partners Financial risk management solutions for corporate treasuries, investor portfolios and governments10/21/08 Signicat $1 Viking Venture Secure identification and digital signing10/21/08 Texert $3 New Venture Partners Enterprise risk management10/20/08 Civolution n/a Prime Technology Ventures Solutions for identifying, managing and monetizing media content10/20/08 priv-ID n/a Prime Technology Ventures Multi-modal private biometric software to make identity applications anonymous, scalable and low-cost10/16/08 SPADAC $2 First Mark Capital Predictive and geointelligence analysis solutions
Close Date Company Amount Participating Investors Description10/15/08 CebaTech $1 SAS Investors Tools for accelerating semiconductor design10/15/08 Tech4field $2 OTC Asset Management Personnel and productivity management10/14/08 ScanSafe n/a Scale Venture Partners SaaS web security aimed at ensuring a safe internet environment for organizations10/08/08 Expresso $1 Novus Ventures Professional application data migration tools10/07/08 Maptuit $1 Draper Fisher Jurvetson, Edison Venture Fund Wireless routing, directions and fuel services for the transportation industry10/03/08 Dataupia $10 Fairhaven Capital Partners, Polaris Venture Partners, Valhalla Partners Intelligent database storage appliance09/30/08 Accellos $29 Centennial Ventures, Hillman Company, Monitor Clipper Partners, Murphree VP Logistics, warehouse, 3PL, transportation and mobile fleet management solutions09/30/08 Auraria Networks $10 Matrix Partners, Pilot House Ventures Group Content management and information analysis products09/30/08 Black Arrow $20 Cisco, Comcast Interactive Capital, Intel Capital, Mayfield, Polaris Solutions for the management, distribution and metric reporting of enhanced television ads09/30/08 Crisp Wireless $5 Intel Capital, Meritage Funds Mobile publishing and advertising solutions09/30/08 Dexterra $22 Canaan, Intel Capital, Mesirow Financial, Motorola Ventures, NEA, Sigma Mobile business software09/30/08 Digini n/a California Technology Ventures Integrated 3D game development system09/30/08 LogiXML $3 Grotech Ventures Web-based business intelligence platform09/30/08 Melodis $7 Global Catalyst Partners, JAIC America, TransLink Capital Sound recognition and search technologies09/30/08 Metaforic $2 Pentech Ventures Anti-tamper solutions for software09/30/08 Nimsoft $12 Goldman Sachs Group, JMI Equity Fund, Northzone Ventures Business-focused, service level management solutions09/30/08 Truist $1 SJF Ventures Software-as-a-Service software for managing charitable donations09/29/08 Charismathics n/a BayBG, Bayern Kapital, Neuhaus Partners IT security and identity management software09/29/08 Send Word Now $14 Ascend Venture Group, Palisade Capital Management Secure, on-demand notification and incident management services09/25/08 Antenna Software $8 Commonwealth Capital Ventures, North Bridge Venture Partners Wireless software solutions for the mobile enterprise09/25/08 MarineCFO $3 EmergingISV On-vessel, marine operations, personnel, fleet maintenance and financial management solutions09/25/08 Transaction Wireless $2 Mission Ventures, Okapi Venture Capital Wireless payment solutions09/25/08 Verimatrix $20 Cipio Partners, Crescendo, Goldman Sachs, JK&B Capital, Mission, SunAmerica Software-based content security and revenue enhancement technologies in pay-TV networks09/24/08 Cogniscape n/a Ben Franklin Technology Partners of SEPA Advanced querying, data management and visualization for business intelligence09/24/08 Move Networks $54 Microsoft High definition online television services09/24/08 Mu Sigma $30 FTVentures Analytical decision support services09/23/08 OpTier $48 Carmel, Cisco, Gemini Israel, Index, Lightspeed, Morgan Stanley, Pitango VC Business transaction management software solutions09/22/08 CodaSystem $4 Cap Decisif Management, OTC Asset Management, Seventure Partners Digital image security solutions09/22/08 Kineto Wireless n/a NEC Corporation Unlicensed mobile access technology09/22/08 VisionOSS $12 Eden Ventures, Pyrford Enterprises, XAnge Private Equity Unified communications service delivery software09/18/08 ExeCue $2 Connecticut Innovations Information search platform for businesses09/18/08 Rapid7 $7 Bain Capital Ventures Vulnerability management software09/18/08 Schad n/a High-Tech Gruenderfonds Management Mobile systems for observing and operating machine and plant controls09/17/08 Connectiva Systems $17 International Finance Corp, NEA-IndoUS, Ovation Capital, SAP Ventures Revenue assurance solutions for the telecom industry09/16/08 BitTorrent $17 Accel Partners, DCM, Duff Ackerman & Goodrich Peer-to-peer file distribution software09/16/08 Proclivity Systems $6 Pilot Group, WPP Group Platform that provides predictive insight into consumer shopping and purchasing behavior09/15/08 Austin Logistics $4 Apex VP, Baird VP, North Hill Ventures, Total Technology Ventures Predictive analytic software that solves specific problems along the consumer credit lifecycle09/15/08 CrossLoop $6 El Dorado Ventures, Venrock Secure desktop sharing software for remote assistance and collaboration09/15/08 Packet Design, Inc. $12 Advanced Technology Ventures, Juniper Networks, Masthead VP, Mayfield Network appliances that provide routing-layer visibility into IP networks09/12/08 Octagon Research Solutions $2 Edison Venture Fund Regulatory and clinical information management technology for the life science industry09/12/08 Ounce Labs $8 Commonwealth Capital Ventures, Greylock Partners Software security source code analysis09/12/08 Zetta $11 Foundation Capital, Sigma Partners Cloud storage technologies09/10/08 Samplify Systems $4 Formative Ventures High-speed FPGA-based compression technology09/09/08 Oslo Software $3 NGI Group Platforms designed to optimize trading, risk management and logistics processes09/08/08 Soasta $6 Formative Ventures Visual software tools for the testing, certification and demonstration of SOA-based systems09/08/08 Tableau Software $10 New Enterprise Associates Visual analysis and reporting solutions09/05/08 KXEN n/a Saints Advanced analytics software for business decision-makers09/05/08 Netasq n/a Saints Unified threat management solutions09/05/08 Selligent n/a Saints Sales, marketing, customer service and customer relationship management tools09/02/08 AFS Technologies $13 CIBC Capital Partners, Ticonderoga Capital Enterprise software for the food and beverage industry
Close Date Company Amount Participating Investors Description09/02/08 BrightDoor Systems $2 n/a Customer presentation and relationship management software for the real estate industry09/02/08 Conject $6 Earlybird, Seventure Partners Online collaboration software for project management09/02/08 Correlix $8 Blumberg Capital, Genesis Partners, Sequoia Capital, Xenia Venture Capital Distributed business process monitoring solutions08/27/08 Newforma $4 North Bridge Venture Partners Software applications targeting architecture, engineering and construction firms08/25/08 Expressor Software $10 Commonwealth Capital Ventures, Globespan Capital Partners, Sigma Partners Semantic data integration solutions08/25/08 Nusym Technology $8 Draper Richards, Voyager Capital, Woodside Fund Electronic design automation software that improves chip design productivity08/25/08 Schooner Information Tech $15 CMEA Ventures, Redpoint Ventures Business applications for the financial industry and consumer-facing Internet businesses08/21/08 Forerun $1 Massachusetts Technology Development Clinical workflow technology designed exclusively for emergency medicine departments08/20/08 SailPoint Technologies $7 Austin Ventures, Lightspeed VP, Origin Partners, Silverton Partners Solutions for identity governance, risk management and compliance08/19/08 DeviceVM $15 DFJ DragonFund China, New Enterprise Associates, Storm Ventures Rapid-start computing technologies08/18/08 Innography $7 Austin Ventures, Hunt Ventures Intellectual property business intelligence software08/18/08 Ipanema Technologies $7 Noble Fund Managers Applications performance management using IP networks08/18/08 Palo Alto Networks $27 Globespan Capital, Greylock Partners, Lehman Brothers VP, Sequoia Capital Network security solutions to improve control, security and visualization of network traffic08/18/08 Replay Solutions $11 Hummer Winblad Venture Partners, Partech International, Sigma Partners Testing automation solutions for software development08/15/08 CarrierIQ $11 Mohr Davidow Ventures Embedded analytics software for the wireless industry08/15/08 eTelemetry n/a Centripetal Capital Partners Real-time business information from network activity08/15/08 Telligent Systems $10 Intel Capital Tools to build corporate social networks, manage website content and publish blogs08/13/08 Edgeware Analytics n/a Tech Coast Angels Software aimed at predicting and analyzing the risk in small-business lending08/13/08 Netadmin Systems i Sverige $5 Eqvitec Partners, Industrifonden Software to automate business and operation processes for broadband networks08/13/08 NitroSecurity $10 First Analysis, NewSpring Capital Solutions for security monitoring, analysis and protection of computer networks08/12/08 Marketbright n/a Greycroft Partners, Knight's Bridge Capital Partners On-demand marketing automation platform08/11/08 Clarabridge $12 Boulder Ventures, Grotech Ventures, Harbert VP, Intersouth Partners Business intelligence software08/06/08 Hyper9 n/a Maples Investments Search-based software for managing virtual environments08/06/08 InnovaShare n/a Cedar Fund, Hasso Plattner Ventures Product lifecycle management solution08/05/08 BitGravity $3 Allen & Company Content delivery network services for interactive broadcasting08/05/08 dynaTrace software $13 Bain Capital, Bay Partners Performance-diagnostics solutions for mission-critical, cross-platform applications08/05/08 Elastra $12 Amazon.com, Bay Partners, Hummer Winblad Venture Partners Relational databases on-demand for applications in cloud computing environments08/01/08 FolioDynamix $8 Edison Venture Fund Account management software for financial advisors07/31/08 CheckPoint HR $8 Edison Venture Fund Web-based software for managing payroll, benefits and human resources07/31/08 DefenSoft Planning n/a Athlone Global Security Software solutions for the planning of defense and security systems07/31/08 Kickfire $20 Accel Partners, Greylock Partners, Mayfield, Pinnacle Ventures Data warehousing appliance for analysis and reporting of data from the mySQL database07/30/08 Derivix $7 Goldman Sachs Group, Susquehanna Growth Equity Pricing and analytics solutions for the options trading market07/29/08 iContracts $4 Edison Venture Fund Contract management software for life sciences manufacturers and distributors07/29/08 Veracode n/a In-Q-Tel On-demand security software that identifies software flaws from coding errors or malicious intent07/28/08 Tangoe $12 Axiom VP, Edison Venture Fund, North Atlantic Capital, Sevin Rosen Enterprise telecommunications expense management software07/25/08 i-nexus $4 Antrak Capital, Herald Ventures, Midven On-demand corporate performance, project portfolio and business process management07/24/08 Crescendo Networks $10 Apax, Challenge Fund-Etgar, Convergent, Evergreen VP, Magma VP, StageOne Application acceleration devices for data centers07/23/08 Conformia Software $4 Foundation Capital, JAFCO Ventures, Sequoia Capital Product conformance management software for the life sciences and alcohol industries07/22/08 Amitive $6 CMEA Ventures, LogiSpring On-demand supply chain management technology07/22/08 Pulsic $2 Index Ventures, NorthStar Equity Investors, Prime Technology Ventures Custom design automation solution for the physical design of high volume integrated circuits07/22/08 ResponseLogix $8 GRP Partners, Shasta Ventures Internet lead management for the automotive industry07/21/08 Appcelerator $4 Storm Ventures Tools for the development of rapid rich Internet application on a service-oriented architecture07/21/08 Appian $10 Novak Biddle Venture Partners Business process management solutions07/21/08 CambridgeSoft $21 Goldman Sachs Group Desktop and enterprise software, solutions and services for chemists and biologists07/21/08 Digital Sandbox $2 Monumental Venture Partners Risk management solutions for clients in the homeland security and public safety07/21/08 Rohati Systems $12 Foundation Capital, Matrix Partners Transaction level policy enforcement for securing data center resources07/21/08 Solidcore Systems $10 JAFCO Ventures, JAIC America, Matrix, Menlo Ventures, Sevin Rosen Change control software to assure compliance with payment card industry and SOX standards07/18/08 Active Circle $8 Innovacom, OTC Asset Management, Quest For Growth Network attached storage solutions07/18/08 Akorri Networks $8 North Bridge Venture Partners Storage networking software07/16/08 SPT Group n/a Cubera Private Equity Software for the international petroleum industry
Close Date Company Amount Participating Investors Description07/15/08 Utopy $8 Blacksmith Capital, The Brack Capital Group Customer intelligence gathered by analyzing phone conversations between companies and customers07/03/08 YouSendIt $14 Alloy Ventures, Cambrian Ventures, Emergence Capital, Sevin Rosen, Sigma Web-based service which allows transfer of large electronic files07/01/08 Kurtosys Systems n/a n/a Financial reporting software for asset management, private banking and investment management06/30/08 Apprion $4 Motorola Ventures Industrial wireless security and interoperability06/30/08 Boomi $4 First Mark Capital, FirstMark Capital SaaS based applications and on-premises software integration software06/30/08 Corvil Networks $12 ACT Venture Capital, Apax Partners, Vesbridge Partners Technology for measuring and controlling the bandwidth requirements of internet protocol traffic flows06/30/08 DefenSoft Planning Systems $3 Athlone Global Security Software solutions for the planning of defense and security systems06/30/08 DepotPoint $7 OVP Venture Partners, Trident Capital Web-based solutions for the tracking, recording and management of property-related data06/30/08 Engine Yard $15 Amazon.com, Benchmark Capital, New Enterprise Associates Open-source web framework that enables developers to create database-driven web applications06/30/08 ForeScout Technologies $8 Accel Partners, Amadeus CP, Meritech CP, Pitango VC Tailored network access control06/30/08 Lingotek n/a Canopy Group, Flywheel Ventures, In-Q-Tel Translation technology and language asset management solutions06/30/08 OpenSpan $13 FTVentures, Globespan CP, Imlay Investments, Matrix, Sigma Application integration and automation software06/30/08 Oversight Systems $10 Granite Ventures, Imlay Investments, Sigma Partners Automated transaction monitoring solutions for Sarbanes-Oxley compliance06/30/08 Promisec n/a n/a Clientless endpoint security management06/30/08 Sanovi Technologies $0 Advanced Technology Ventures Business continuity management and disaster recovery06/30/08 Secerno $16 Amadeus Capital Partners, Eden Ventures, Spark Ventures Database security and compliance software platform to protect against known and unknown threats06/30/08 SynapticMash $3 Vantage Partners Technology for updating school systems' data and record-keeping systems services06/30/08 Vericept $8 Sigma Partners Intelligent compliance and content control solutions06/30/08 Xeround $16 Benchmark Capital, Giza Venture Capital, Ignition Partners Telecommunications database management systems06/30/08 Zon Networks $7 Draper Fisher Jurvetson, Magma VP, Tamir Fishman, Trilogy Equity IT and enterprise software06/29/08 mFoundry n/a n/a Mobile financial services06/29/08 PreEmptive Solutions $1 JumpStart Inc., Ohio TechAngels Java and .Net code security tools06/27/08 ContextWeb $24 Draper Fisher Jurvetson, Investor Growth Capital, Updata Partners Platform for real-time contextual advertising solutions06/27/08 DAXKO $8 Frontier Capital On-demand software for nonprofits06/27/08 Initiate Systems $26 Paladin Capital Group Master data management (MDM) software solutions06/27/08 Perlego Systems $9 iSherpa Capital, Meritage Funds Cross-platform mobile communications device management06/26/08 BlueRoads $6 ArrowPath VC, Cardinal VC, El Dorado Ventures, ZenShin Capital Partners Partner opportunity management (POM) solutions06/26/08 Sonoa Systems $10 Bay Partners, Norwest Vp, SAP Ventures, Third Point Management Secure cloud gateway that solves security, compliance, performance and interoperability challenges06/25/08 Applied Identity $10 ABS Ventures, Bay Partners, Globespan CP, OVP VP, Sigma Network access control and management06/25/08 CaseNET $5 Aurora Funds Care management software06/25/08 ClairMail n/a Norwest Venture Partners Banking and payment solution designed to optimize any mobile phone for two-way customer interaction06/25/08 Columbitech n/a Verdane Capital Secure wireless data communication software06/25/08 Global DataCentre Management n/a Balderton Capital Commercial solutions for data center management06/25/08 Security Innovation $7 Brook Venture Partners Risk analysis, risk mitigation and education services06/25/08 SpringSource $15 Accel Partners, Benchmark Capital Enterprise Java infrastructure software06/25/08 Vidient Systems $7 Trident Capital Intelligent video surveillance, behavior recognition and video analytics06/24/08 Cassatt n/a New Enterprise Associates, Warburg Pincus Service level automation and service level agreement management06/24/08 Dacos Software $2 Target Partners Customer relationship management and simulation software for retail companies06/24/08 rPath $10 General Catalyst Partners, North Bridge Venture Partners, Wakefield Group Platform for creating and maintaining software appliances06/23/08 Daptiv $6 Bay Partners, Kennet Partners, SVB Capital On-demand workflow management06/23/08 Firm58 $9 New World Ventures, North Bridge Venture Partners Post-trade management software06/23/08 WhiteHat Security $7 Altos Ventures, Garage Technology Ventures, Startup Capital Ventures Web application security software services06/20/08 Electric Cloud n/a Mayfield, U.S. Venture Partners Software which accelerates, automates and analyzes your software build process06/20/08 Netkey $2 Connecticut Innovations, Hudson Ventures, Updata Partners Platform that manages self-service applications through kiosks, digital signs and other retail devices06/20/08 TextDigger $4 CNET, True Ventures Artificial intelligence software for advanced information retrieval services for the web06/19/08 Factonomy $2 Scottish Enterprise, Sigma Technology Group, TRI Capital Software that enables the rapid development of web-enabled business applications06/19/08 NTRglobal $26 Atlas Venture, Debaeque, Elaia Partners, Kennet Partners Collaboration and real-time communication tools06/19/08 Parascale $11 Charles River Ventures, Menlo Ventures File storage management solutions06/18/08 Arcot Systems $23 Accel, Goldman Sachs, Granite Ventures, ONSET Ventures, Vedanta Identity management solutions06/18/08 Neocleus $11 Battery Ventures, Gemini Israel Funds Enterprise-class virtual software appliance for end points
Close Date Company Amount Participating Investors Description06/17/08 ImageSpan $11 Ackerley, Bertelsmann Digital Media, Greycroft,Village Ventures Licensing automation platform for digital media06/17/08 Intelliden n/a GGV CapitaL Intelligent networking solutions for organizations to control, manage and scale their networks06/17/08 PSS Systems $18 Azure CP, FTVentures, Granite Ventures, Lightspeed Venture Partners Information retention and preservation solutions06/17/08 SageQuest $4 Hopewell Ventures Internet-based tracking and fleet management solutions06/17/08 Verticals onDemand $4 Emergence Capital Partners SaaS CRM for the biotechnology and pharmaceutical industries06/16/08 Planet Metrics $2 Draper Fisher Jurvetson Emissions intelligence software06/16/08 StorSpeed $7 Palomar Ventures Performance solutions for network storage 06/13/08 Achilles Group Limited n/a HgCapital Supplier management for oil and gas, water, electricity, pharmaceutical and construction industries06/13/08 CreateHope n/a Advantage Capital Partners Web-powered corporate giving solutions06/12/08 Metallect $1 Apex Venture Partners, TL Ventures Risk management solutions06/11/08 Breach Security $6 Enterprise Partners Venture Capital, Evergreen Venture Partners Web application security that protects sensitive web-based information06/11/08 Bullhorn $26 GE Asset Management, General Catalyst Partners, Highland Capital Partners On-demand enterprise applications for the staffing and recruiting industry06/11/08 Likewise Corp. n/a Ignition Partners Enterprise management software in mixed-use Windows and Linux environments06/10/08 DeFacTo Technologies $1 CIC Vizille Capital Innovation, Innovacom Electronic design software for the manufacture of integrated circuits06/10/08 Yap $7 Harbert Venture Partners, SunBridge Partners Platform designed to instantly convert anything spoken on a phone into text06/09/08 ClickFox $13 Ascent Venture Partners, Cedar Fund, Delta Ventures, Veritas Venture Partners Customer behavior intelligence (CBI) software06/09/08 Infopia $12 Hummer Winblad Venture Partners, Trident Capital, UV Partners Multi-channel e-commerce on demand solution06/06/08 Cittio $7 Hummer Winblad Venture Partners, JK&B Capital Network monitoring and operations software06/04/08 Bradford Networks n/a Updata Partners, Windspeed Ventures Network access control (NAC) solutions 06/04/08 Rally Software Development $17 Boulder Ventures, Mobius VC, Mohr Davidow Ventures, Vista Ventures Collaborative development and lifecycle management solutions for software teams06/04/08 Yodlee $35 Accel Partners, Bank of America, Institutional Venture Partners, Warburg Pincus Consumer banking payment solutions06/03/08 CrownPeak Technology $6 Altos Ventures, Sigma Partners, SunAmerica Ventures Web site management as a hosted software solution06/03/08 Tigo Energy $6 Matrix Partners, OVP Venture Partners Technology that increases efficiency of commercial and residential solar installations06/03/08 TOA Technologies $13 Draper Triangle Ventures, Early Stage Partners, Intel Capital SaaS customer appointment management (CAM) solutions for managing mobile workforces06/02/08 Correlsense $3 Proseed Venture Capital, Vertex Venture Capital IT service level agreement (SLA) management software solutions06/02/08 DynamicOps n/a Credit Suisse Group Virtual desktop and server management software application05/31/08 Guardian Analytics $6 Foundation Capital Analytics-based products and services that prevent online identity theft and account fraud05/30/08 Agiliance $10 Castile Ventures, Intel Capital, Red Rock Ventures, Walden International Integrated management of IT governance, risk and compliance05/30/08 Pinch Media n/a First Round Capital, Union Square Ventures Tools for iPhone SDK developers05/29/08 American Outsourcing Solutions n/a n/a Tools for outsourced print and e-commerce advertising production for the newspapers05/29/08 CertEurope n/a Headway Capital Partners Electronic signature applications for electronic documents05/29/08 Maxmat n/a Headway Capital Partners Software for the diagnostic market05/29/08 Pytheas n/a Headway Capital Partners Asset management, help desk and inventory software solutions05/29/08 Solid Cactus $0 Ben Franklin Technology Partners of SEPA Software for e-commerce stores to analyze specific product inquiries versus actual sales05/29/08 Travelsoft n/a Headway Capital Partners Software solutions and for the travel industry05/28/08 AppAssure Software $6 Bain Capital Software designed to protect the messaging infrastructure of businesses05/28/08 Appistry n/a Stuart Mill Capital Inc. Provider of application fabric software05/27/08 MeilleureGestion $1 AGF Private Equity Payroll and human resources solutions05/27/08 Vantos $11 Fluke Venture Partners, Outlook Ventures, OVP Venture Partners Enterprise investigation management software05/22/08 Island Data $5 ABS Ventures Customer feedback analysis software05/22/08 SmartSynch $20 Beacon Group, Credit Suisse, Endeavor, GulfSouth, Kinetic, OPG, Siemens VC Smart metering solutions to the energy and utility industry05/21/08 Aster Data Systems n/a Cambrian Ventures, First Round Capital, Sequoia Capital Clustered databases for web analytics05/21/08 Mocana $7 Shasta Ventures, Southern Cross Venture Partners Management Provider of low-latency security software solutions05/21/08 Talend $2 AGF Private Equity Open source data integration software05/21/08 Unitrends $9 Aurora Funds, Harbert Venture Partners, Paladin Capital Group, The Trelys Funds Business systems continuity and the protection of corporate-critical data05/20/08 Fluensee $2 n/a RFID-enabled asset management software solutions05/20/08 WorkProducts $20 Center for Innovative Technology Evidence lifecycle management (ELM) and litigation compliance products05/19/08 AeroScout $12 Menlo Ventures, Pitango Venture Capital, Star Ventures Management Active RFID asset tracking and location solutions05/19/08 Aria Systems n/a n/a On-demand billing and customer management solutions05/19/08 Mimosa Systems $17 August Capital, Clearstone Venture Partners, Focus Ventures, Mayfield Information management solutions
Close Date Company Amount Participating Investors Description05/19/08 Mu Dynamics $10 Accel Partners, Benchmark Capital, Duff Ackerman & Goodrich, Focus Ventures Security analysis systems05/19/08 Openbravo $12 Adara Venture Partners, Amadeus Capital Partners, GIMV Web-based open source ERP and POS solutions for the SMB05/16/08 ChipVision Design Systems $5 BayTech Venture Capital, Target Partners Low power optimization solutions for design teams of system on chips05/16/08 HubSpot $12 General Catalyst Partners, Matrix Partners Internet marketing software platform05/16/08 Sometrics $1 AT&T, Greycroft Partners, Mail Room Fund Analytics services focusing on social networking platforms05/15/08 eTix $1 Southern Capitol Ventures On-demand ticketing software05/15/08 Pontus Global n/a StarTec Investments Legal management services05/14/08 InQuira n/a Partech International Enterprise search and navigation applications for web self-service and interactive marketing05/13/08 Teseda n/a KT Venture Group, PacRim Venture Partners, SmartForest Ventures Products that will test complex system on a chip (SoC) integrated circuits05/09/08 Heroku $3 Redpoint Ventures Software tools that allow developers to quickly build web applications and scale them05/07/08 CLK Design Automation $3 Atlas Venture Software for semiconductor companies implementing high performance chips05/07/08 envIO Networks $10 Matrix Partners, North Bridge Venture Partners Wireless messaging and content management technologies05/07/08 Parature $16 Accel Partners, Sierra Ventures, Valhalla Partners On-demand SaaS customer support software05/06/08 Knowledge Systems n/a n/a Knowledge-based drilling software05/06/08 SchoolNet $13 New York City Investment Fund, TriplePoint Capital, Velocity Financial Group Inc. School performance management systems05/06/08 Univa UD n/a Appian Ventures, ARCH VP, New World, OCA Ventures, River Cities Capital Open source and data center virtualization software05/05/08 MarketLive $20 Globespan CP, JAFCO Ventures, Northgate Capital, Sequoia, Sigma Partners E-commerce retail technology and services05/04/08 e-Glue Business Technologies $12 Cedar Fund, Evergreen Venture Partners, Giza Venture Capital Real-time customer interaction management software solutions05/01/08 New Relic $4 Benchmark Capital Application performance management solutions04/30/08 AppFolio $22 BV Capital, Cisco Systems, Investment Group of Santa Barbara Applications that are custom-designed for property management organizations04/30/08 Helveta $3 Close Ventures, Oxford Capital Partners Technology-based tracking systems for timber supply chains04/30/08 Scalable Software n/a Undisclosed Private Equity Investor IT compliance and asset management solutions04/30/08 WorkLight $12 Genesis Partners, Index Ventures, Pitango Venture Capital Software designed to enable enterprises to streamline and simplify information accessibility04/30/08 Xactly $30 Alloy, Bay Partners, Glynn Capital, Outlook Ventures, Rembrandt VP, Spinner Real-time, web-based, on-demand sales compensation application04/28/08 DataCore Software $30 Insight Venture Partners, Updata Partners Storage virtualization SAN software04/25/08 Verdiem $12 Catamount, Falcon Technology, Kleiner Perkins, Phoenix Partners, Westly Group Power management software04/24/08 Blazent $3 Benchmark Capital, First Mark Capital, StarVest Partners Business intelligence solutions for the financial performance of IT resources and infrastructure04/24/08 RightScale $5 Benchmark Capital Automated management platform for Internet cloud computing services04/22/08 Altor Networks $6 Accel Partners, Foundation Capital Virtual network security solutions04/22/08 Exari Group $10 n/a Document automation, document assembly and contract automation solutions04/22/08 Red Bend Software $10 Carmel, Coral Capital, Greylock, Infinity Equity, Pitango VC, Poalim Capital Solutions for updating software and firmware on mobile devices04/21/08 MediaBank $30 New Enterprise Associates Integrated procurement technology and advanced analytics04/21/08 VirtualLogix n/a Motorola Ventures Technology for virtualization in real time04/17/08 Social Solutions $3 IDEA Fund Partners, WWC Capital Group Performance management solutions04/16/08 The Search Agency $17 JMI Equity Fund Search engine marketing and search engine optimization04/16/08 WaveMaker Software $5 Hummer Winblad, Sippl Macdonald, Worldview Technology Open source visual tools for web application development04/15/08 Kineto Wireless $16 Motorola, NEC, Oak Investment, Seapoint, Sutter Hill, Venrock Fixed-mobile convergence solutions for mobile operators04/13/08 eTravco n/a Penn Venture Partners Software used by travel agents to connect agents, suppliers and customers through an online system04/11/08 SignalDemand $20 Catamount Ventures, General Catalyst, Hummer Winblad, InterWest Partners Margin optimization software 04/11/08 Tersus $0 n/a Flow diagram based business software solutions04/09/08 SpringCM $10 Foundation Capital, North Bridge Venture Partners Provider of enterprise content management solutions04/07/08 eMeter $13 Foundation Capital, Siemens AG Energy information management solutions04/07/08 Intelliworks $4 Columbia Capital, Novak Biddle Venture Partners, RedShift Ventures CRM software solutions04/07/08 Marketcetera $4 Shasta Ventures Open-source platform for automated trading04/07/08 PowerSteering Software $2 Advent International, Hudson Ventures On-demand enterprise performance improvement software04/04/08 Anark n/a 5280 Partners Interactive 3D and data management products and solutions04/04/08 Arena Solutions $9 Otter Capital, Scale Venture Partners On-demand SaaS product lifecycle management solutions for manufacturing companies04/04/08 Corizon $2 Atlas Venture User process management software04/04/08 Gridstone Research $10 Charles River Ventures, Helion Venture Partners, Maverick Capital Web-based analysis and modeling platform04/04/08 Palamida $6 Hummer Winblad Venture Partners, WaldenVC Intellectual property management solutions
Close Date Company Amount Participating Investors Description04/02/08 Persystent Technology $12 ABS Ventures, Inflexion, Springboard, Tall Oaks, Valhalla, Village Ventures Configuration management and compliance enforcement application04/02/08 StoredIQ $10 Avansis Ventures Automated info classification & management for discovery, risk mitigation & records management04/01/08 Redmatch International $2 n/a E-recruitment tools04/01/08 SpringSource $15 Accel Partners, Benchmark Capital Enterprise Java infrastructure software03/31/08 Central Desktop $7 OpenView Venture Partners Unified on-demand collaboration platform for business teams03/31/08 Coupa Software $6 Battery Ventures, BlueRun Ventures Corporate purchasing software03/31/08 Fox Technologies $6 Northzone Ventures, Provider Venture Partners Access management for mixed and multi-vendor platform environments03/31/08 Imperva $20 Accel, Greylock, Meritech, U.S. Venture Partners, Venrock Data security solutions for data centers03/31/08 Intacct $15 Bessemer VP, Emergence Capital, Sigma Partners, Sutter Hill Ventures On-demand financial management system applications03/31/08 Laru n/a Velocity Venture Capital Automated clearinghouse risk and compliance applications for financial institutions03/31/08 Lattice Engines $2 Battery Ventures Analytic solutions for the maximization of sales and marketing investments03/31/08 NewACT n/a n/a Mobile data synchronization solutions03/31/08 Proxio n/a Volvo Technology Transfer Tactical optimization software for efficient transportation procurement03/31/08 Rhapso $4 I-Source Gestion, OTC Asset Management ERP software for packaging applications03/31/08 ScaleMP $8 ABS Ventures, Lightspeed Venture Partners, Sequoia Capital, TL Ventures SMP architecture that enables server vendors to create high-end x86-based symmetric multiprocessor03/31/08 Silver Spring Networks $17 Foundation Capital Wireless meter reading systems for the electric, water and gas utilities industry03/31/08 SpikeSource $10 CMEA, Duff Ackerman, Fidelity Ventures, Intel Capital, Kleiner Perkins Open source IT Infrastructure solutions03/31/08 ThreatMETRIX $6 CM Capital Investments, Technology Venture Partners Pty. Ltd. Real-time fraud detection solutions for online commerce03/31/08 Tideway Systems $27 Apax Partners, Scottish Equity Partners Real-time data on the business support provided by individual IT infrastructure components03/28/08 Neohapsis $13 Paladin Capital Group, Trident Capital Governance, risk and compliance solutions03/28/08 Siderean Software n/a Clearstone Venture Partners, InnoCal Venture Capital Solutions for gathering, analyzing and organizing structured and unstructured digital information03/27/08 Blue Prism $1 n/a Front and back office business processes automation03/27/08 Untangle $8 CMEA Ventures, Rustic Canyon Partners Open source network security solutions for the SMB03/26/08 Agentek $8 Edison Venture Fund Mobile field service software and scheduling optimization solutions03/26/08 Bubble Motion $15 Comcast Interactive Capital, Sequoia Capital Provider of voice applications and services for mobile operators03/25/08 Fidelis Security Systems $22 Ascent VP, Inflection Point, Point Judith Capital, Tudor Investment Data extrusion prevention solution03/25/08 OpenService n/a Advent International, Hudson Ventures Network security hat anticipates potential breaches and proactively ensure network availability03/25/08 RealPage $14 Camden Partners Property management products for apartment communities03/25/08 WebCollage $10 Cedar Fund, Gilde, Greylock Partners, Sierra Ventures Solutions that allow companies to package content and applications to integrate with their partners03/24/08 CiraNova $5 Alloy Ventures, AsiaTech, Mentor Graphics, Synopsys, U.S. VP Integrated circuit design automation solutions03/24/08 FinAnalytica $5 New Europe Venture Equity Portfolio construction & risk measurement software for quantitative analysts & portfolio managers03/24/08 Leostream $3 Meakem Becker Venture Capital Virtualization management software03/24/08 SensorLogic $9 Boston Millennia, Hunt Ventures, Sevin Rosen, Star Ventures, UPS Strategic Applications platform and network services that create unique location based service solutions03/22/08 LogneX $0 Ambient Sound Investments SaaS-based inventory management 03/21/08 Digital Fuel Technologies $15 Focus Ventures Business service management software solutions03/21/08 Silverpop Systems $15 Draper Fisher Jurvetson Email marketing solutions including email marketing strategy, campaign management and analytics03/20/08 Avenda Systems $5 OVP Venture Partners Unified network access control03/20/08 Nema Labs n/a Chalmers Innovation, Innovationsbron, Volvo Technology Transfer Software development tools for multi-core microprocessors03/18/08 DreamFactory Software $3 New Enterprise Associates Customization and integration technology for on-demand software systems03/17/08 Endeca Technologies $10 n/a Web-based infrastructure for data exploration03/17/08 EPAC $21 HarbourVest Partners Workflow solutions to optimize document management, end-to-end printing & print-on-demand03/17/08 Vivisimo $4 North Atlantic Capital Enterprise and consumer search solutions03/15/08 CenterStone Technologies $7 Boulder Ventures, Hillman Company Web-based sales order management software for specialty retail, sporting goods and apparel stores03/15/08 Jasper Design Automation $0 InnovationsKapital Electronic design automation software03/14/08 EMN8 n/a GRP Partners Customer facing, self-service, digital media point-of-purchase solutions03/12/08 Invidi Technologies n/a Motorola Ventures Targeted media solutions for cable and satellite operators03/11/08 KDS Software Norway n/a Eqvitec Partners Software for the automated customs clearance, transportation, forwarding and logistics markets03/10/08 EnterpriseDB $10 Charles River Ventures, Fidelity Ventures, IBM, Valhalla Partners Open source databases03/10/08 Universal Ad $6 Vertex Venture Capital, Walden Israel Funds Software for the creation of cross-channel retail promotions03/07/08 CoreStreet $2 n/a Infrastructure and applications for credential and convergence programs
Close Date Company Amount Participating Investors Description03/07/08 Eniram $2 Conor Venture Partners Instrumental systems designed to improve vessel operations for the maritime industry03/06/08 Kapow Technologies $12 Kennet Partners, Morgan Stanley, NorthCap, Steamboat Ventures Standardized collection and integration tools for Web-based data and business logic03/05/08 Laszlo Systems $7 General Catalyst, Mitsui & Co. VP, Sofinnova Ventures, WI Harper Group Open source platform for developing and deploying web 2.0 applications03/04/08 Invision $30 ABS Capital Partners, CIBC Capital Partners, Piper Jaffray Advertising sales solutions for cable networks and syndicated television03/04/08 iRise $20 Deutsche Bank, Morgan Stanley VP Visualization software for business applications03/04/08 RedSky Technologies n/a CID Capital, Dunrath Capital Provider of automated E-911 software solutions for enterprise and government customers03/03/08 Mzinga $33 BlueCrest Capital, GE Equity,Knowledge Universe, W Capital Partners Business social media solutions to foster informal communication within a customer community03/01/08 Active DSP $1 Proventure Debugging tools for optimizing performance of application on microcontrollers03/01/08 Cenzic $10 Advanced Technology Ventures, Hummer Winblad, JK&B, Mohr Davidow Automated application security assessment and compliance03/01/08 Chronicle Solutions n/a n/a Monitoring, capturing and text indexing of communications including email, IM, blogs and VoIP03/01/08 Jware Technologies $3 Credit Mutuel, Elaia Partners, I-Source Gestion, Oseo Payment and secure transaction processing software03/01/08 Netuitive $4 Bessemer, Columbia Capital, Flagship, MK Capital, OneLiberty Real-time analysis software to automate time-consuming and costly processes in IT management02/29/08 Altosoft $2 Ben Franklin Technology Partners of SEPA Business activity monitoring, business intelligence and performance management02/28/08 Alert Logic $8 Access VP, DFJ Mercury, Hunt Ventures, OCA Ventures, Updata Partners Network security solutions that continuously monitor internal network activity02/28/08 BSG Alliance $43 Foundation Capital, Hummer Winblad VP, Oak Investment Partners Customer interaction management02/28/08 Monitoring Division $4 Starfish Ventures Optical network performance monitoring solutions for telecommunications system02/28/08 Outsmart $4 Accel Partners, Gemini Israel Funds, Magma Venture Partners Convergence solutions for telecom operators02/28/08 Palantir Technologies $4 Benaroya Companies, Fluke Venture Partners Enterprise class analytical platforms02/28/08 Silentsoft $3 New Value, VI Partners Business applications for machine to machine networks02/27/08 Proofpoint $28 Benchmark, Bridgescale, Duff Ackerman, Meritech, Mohr Davidow, RRE Unified email security and data loss prevention02/26/08 Mirage Networks $5 CenterPoint Ventures, Rembrandt Venture Partners, Trinity Ventures Network access control including both pre- and post-admission security02/26/08 Skyway Software $2 Imlay Investments Eclipse-based, code generation tool that accelerates delivery of Spring applications02/25/08 GroupSpaces n/a n/a Online tools to enable groups, societies and clubs to manage their communications and data02/22/08 Arieso $9 Add Partners, Oxford CP, Qualcomm Ventures, Top Technology Ventures Cellular networks optimization and automation of the network planning processes02/22/08 Cadre Technologies, Inc. $1 Appian Ventures Supply chain management software for the fulfillment, logistics and manufacturing industries02/21/08 Aircraft Management $0 Delta Partners Aircraft information management solutions02/21/08 Bungee Labs $8 Epic Ventures, North Bridge Venture Partners, Venrock Web application development and hosting platform-as-a-service 02/21/08 Pentaho $12 Benchmark Capital, Index Ventures, New Enterprise Associates Open source business intelligence software for operational applications02/21/08 SalesTrak n/a n/a Sales process management and human capital management02/19/08 Coverity $22 Benchmark Capital, Foundation Capital Static source code analysis solutions02/19/08 Razorsight $13 Sierra Ventures Business intelligence software and services to process, manage and analyze financial data02/19/08 Safend $9 Elron Electronic Industries, Intel Capital, Walden Israel Funds Security for physical, wireless and removable media ports02/18/08 TrivNet $6 Magma VP, StageOne Ventures, Star Ventures, Veritas VP Web-based payment platform for operators, merchants and communities of interest02/18/08 vLnks $1 Sierra Ventures, Voyager Capital Analysis platform for video advertising02/15/08 Calypto Design Systems $4 Cipio Partners, JAFCO, Tallwood VC, Walden International Power optimization and functional verification software for system-on-chip designers02/15/08 FireEye $40 Duff Ackerman, JAFCO, Juniper Networks, Norwest VP, Sequoia, SVP Network access control02/15/08 Formatta $4 Edison Venture Fund Electronic forms that enable businesses and government to capture and transfer electronic data02/15/08 Overture Technologies n/a New Markets Venture Partners Automated decision making and workflow management02/15/08 Seven Networks $25 M/C Venture Partners, Saints Real-time access to personal and enterprise applications on mobile devices02/15/08 StackSafe $5 Chart Venture Partners, Novak Biddle Venture Partners Platform designed to deliver a cost-effective pre-production staging environment for IT teams02/15/08 Valimo Wireless $2 Atine Group, SpringBank Tech Ventures Mobile authentication solutions02/15/08 Yoics n/a Garage Technology Ventures, ZenShin Capital Partners Instant networking and universal remote access solutions02/14/08 ActionBase $7 Advantech, Giza Venture Capital, Vertex Venture Capital Human process management and action tracking for multipart collaborative processes02/14/08 CamriVox $2 Create Partners, HBOS, NESTA Computer telephony integration software for CRM applications02/13/08 DezineForce $2 DN Capital On-demand design simulation and optimization services02/12/08 Pyxis Technology $5 Austin Ventures, CMEA Ventures, Formative Ventures, KT Venture Group Electronic design automation software for chip design and analysis02/11/08 LaGarde $2 Shasta Ventures E-commerce software for developers and enterprise e-commerce solutions for high-volume sellers02/08/08 AdmitOne Security $8 Benaroya Companies, Ignition Partners, OVP VP, RRE Ventures Risk-based authentication solutions for preventing fraudulent use of digital identities02/08/08 GuardianEdge Technologies n/a Altos Ventures Client-based endpoint data protection
Close Date Company Amount Participating Investors Description02/06/08 a la Mobile $7 Grazia Equity GbmH, Venrock Open Linux system platform and open source technology for the mobile industry02/06/08 LogLogic $15 Focus, Invesco, SAP Ventures, Sequoia, TeleSoft, Worldview Technology Log data management and intelligence appliances02/05/08 V-Kernel $5 eCoast Angels, Hummer Winblad, Polaris Venture Partners Capacity and resource consumption management for virtualization software02/04/08 Caringo n/a Austin Ventures, Vodafone Ventures Content storage software that delivers a clustered storage infrastructure02/04/08 Clickability $8 Convergence Partners, Shasta Ventures On-demand web content management solutions02/04/08 Liquid Machines $10 Atla, DFJ, Goldman Sachs, Masthead VP, RRE Ventures Rights management for the financial, government, manufacturing, retail & healthcare industries02/04/08 Teneros $40 Advanced Equities, Goldman Sachs PE, NEA, Sevin Rosen, Star Ventures Continuity appliance for mission critical Microsoft applications02/02/08 cVidya Networks $12 Battery, Carmel, Hyperion Israel Ventures, StageOne, Star Ventures Revenue assurance management and data integrity solutions for communication service providers02/01/08 DataPA n/a n/a Real-time self-service business intelligence02/01/08 New Relic $4 Benchmark Capital Subscription-based rails performance management02/01/08 Serenata Intraware n/a Management Integrated workflow management for the hospitality industry02/01/08 Zenprise $6 Bay Partners Service management software that delivers automated diagnosis for Exchange and BlackBerry01/31/08 Accruent $9 GGV, InnoCal, Mustang, Peninsula, Red Rock, Sierra, Stanford University Real estate and facilities management solutions01/31/08 Allegro Development $40 North Bridge Growth Equity, Tudor Investment Energy trading and risk management software solutions01/31/08 AutoVirt $8 Kepha Partners, Sigma Partners Virtualization and automation products01/31/08 Azuro $4 TTP Venture Managers Electronic design automation software01/31/08 Columbitech $1 Ledstiernan, Mobile Internet Capital, Servisen Investment, T-Bolaget Secure wireless data communication01/31/08 Del Mar Datatrac n/a TVC Capital Software to automate the residential mortgage lending process01/31/08 KACE n/a Focus Ventures Systems management appliances01/31/08 Ravenflow $5 Alloy Ventures, Palomar Ventures, Roda Group Software that generates UML diagrams from plain English text01/31/08 think3 $2 Crosslink Capital Mechanical design and product data management software01/29/08 BEZ Systems $3 Ascent VP, Massachusetts Tech Development, Velocity Equity Partners Proactive performance management01/29/08 Virtual Iron Software $20 Goldman Sachs, Highland Capital, Intel Capital, Matrix , SAP Ventures Software solutions for server virtualization01/28/08 Cryptzone $0 n/a Email encryption and security solutions01/28/08 Intrinsity n/a Adams Capital, Altitude Capital, Goldman Sachs Ventures, Hillman Electronic design automation software semiconductor logic design01/28/08 Pattern Insight $3 Venture Investors LLC Data mining technology01/28/08 XAware $7 ITU Ventures, Sequel Venture Partners, vSpring Capital Commercial open source data integration software01/25/08 Zuora $7 Benchmark Capital On-demand subscription billing and payment service01/24/08 Prolify $4 Pitango Venture Capital, Veritas Venture Partners Software solution that provides real time visibility and control of non-automated IT processes01/23/08 Aveksa $12 Charles River Ventures, First Mark Capital, FTVentures Identity-driven, compliance automation software01/23/08 Endeca Technologies $15 Intel Capital, SAP Ventures Web-based infrastructure for data exploration01/22/08 RiverGlass $2 IllinoisVENTURES, RPM Ventures Intelligent search software for business and government01/22/08 Siperian $25 Anthem, ArrowPath, Brightspark, Constellation, Red Rock, Saffron Hill Model-driven master data management platform01/21/08 ARTiSAN Software n/a Quester Capital Management Modeling solutions for real-time embedded systems and software engineering01/18/08 MessageGate n/a Northwest Venture Associates Email governance solutions01/17/08 Q1 Labs $9 BDC, Globespan, Menlo Ventures, New Brunswick, Polaris, Solstice Real-time network security management01/16/08 Bluenog $4 NewSpring Capital Content management, portal and business intelligence01/16/08 Fat Spaniel Technologies $18 Applied Ventures, Chrysalix Energy, Element, Ignition, PCG Capital IT infrastructure and services for distributed power generation01/14/08 NewRiver $6 First Mark Capital, Lazard Technology Partners Electronic business and communications solutions for the financial services industry01/11/08 Nexaweb Technologies $2 Egan-Managed Capital, Masthead VPs, Velocity Equity Partners Enterprise web 2.0 solutions for building and deploying enterprise class rich internet applications01/10/08 Unidesk $8 Matrix Partners, North Bridge Venture Partners Enterprise desktop management software01/09/08 Tyfone n/a n/a Platform for bank-branded, mobile banking, mobile contactless payments and retail merchants01/03/08 TowerCare Technologies $1 Innovation Works Integrated workflow management for healthcare management and nonprofit organizations01/02/08 CebaTech $3 SAS Investors Integrated circuit design01/01/08 Carasoft $0 Amymone Document management systems for LAN, internet and wireless application protocol01/01/08 Novalys $1 A Plus Finance Users rights and application maintenance systems for databases01/01/08 PolySpot $1 CIC Vizille Capital Innovation, Sudinnova Enterprise search and navigation solutions for retrieving information01/01/08 Prima Business Control n/a n/a Automation of CRM, document management, procurement and scheduling processes01/01/08 Secure Islands Technologies n/a n/a Information protection and control solution
18proprietary & confidential
Software M&A Transaction Data
2007 – 2008 ($ millions)
Note: Includes only transactions for which data was publicly availableSource: Company releases, Wall Street research, Shea & Company
Consideration Equity Enterprise EV / Revenue P/E Ratio
Date Target Acquirer % Cash % Stock value value LTM Current yr Fwd yr Current yr Fwd yr
Notes:Enterprise value equals equity value, plus debt, less cashP/E multiples in excess of 100x are considered to be not meaningful[a] Wall Street consensus estimatesSource: Company releases, Wall Street research, Shea & Company
Notes:Enterprise value equals equity value, plus debt, less cashP/E multiples in excess of 100x are considered to be not meaningful[a] Wall Street consensus estimatesSource: Company releases, Wall Street research, Shea & Company
Notes:Enterprise value equals equity value, plus debt, less cashP/E multiples in excess of 100x are considered to be not meaningful[a] Wall Street consensus estimatesSource: Company releases, Wall Street research, Shea & Company
Notes:Enterprise value equals equity value, plus debt, less cashP/E multiples in excess of 100x are considered to be not meaningful[a] Wall Street consensus estimatesSource: Company releases, Wall Street research, Shea & Company
Notes:Enterprise value equals equity value, plus debt, less cashP/E multiples in excess of 100x are considered to be not meaningful[a] Wall Street consensus estimatesSource: Company releases, Wall Street research, Shea & Company
Notes:Enterprise value equals equity value, plus debt, less cashP/E multiples in excess of 100x are considered to be not meaningful[a] Wall Street consensus estimatesSource: Company releases, Wall Street research, Shea & Company
Notes:Enterprise value equals equity value, plus debt, less cashP/E multiples in excess of 100x are considered to be not meaningful[a] Wall Street consensus estimatesSource: Company releases, Wall Street research, Shea & Company
Current Trading Data Valuation at IPO Stock Performance
Share price Market Enterprise EV / Revenue Market Enterprise EV / Revenue Revenue % of
Company (12/31/08) Value Value CY07E CY08E IPO Date Share Price Value Value CY07E CY08E Growth % change 52wk High
ArcSight $ 8.01 $ 268 $ 192 2.1 x 1.6 x 02/13/08 $ 9.00 $ 296 $ 275 2.1 x 1.7 x 22.6 % (11.0) % 61.6 %
Mean 3.1 x 2.1 x 3.2 x 2.3 x 37.5 % (37.3) % 46.5 %
Median 2.4 1.8 2.6 1.9 33.7 (44.7) 44.0
44proprietary & confidential
Software IPO Pipeline
Note:In a typical IPO process, the offering progresses through three key milestones: the initial filing of the S-1 (prospectus; F-1 for foreign companies); an amended version of the S-1 following comments from the SEC; and pricing the offering and issuing shares to the public market.
($ millions)
Company Stage First Filing Date Ticker Range Revenue (TTM) Net Income (TTM)
Metastorm Withdrawn 05/13/08 MSTM n/a 60 (9)
Eyeblaster Withdrawn 03/10/08 EYEB n/a 51 4
BlueArc Withdrawn 09/07/07 BLAR n/a 59 (12)
Open Link Financial SEC Review 05/12/08 LINK n/a 160 8
Gomez SEC Review 05/07/08 GOMZ n/a 33 (2)
SolarWinds SEC Review 03/21/08 SWI n/a 62 14
LogMeIn SEC Review 01/11/08 LOGM n/a 22 9
Valor Computerized Systems SEC Review 01/11/08 VLOR n/a 41 3
ExactTarget SEC Review 12/14/07 EXTG n/a 59 2
45proprietary & confidential
Who we are and what we doWho we are and what we do
Launched in 2005 to provide corporate development & strategy consulting, M&A and financial advisory services to the established and emerging leaders in the technology industry
We maintain and invest in relationships with the largest technology companies in the world in order to bring the most relevant and expert perspective to all of our clients
Our clients are organizations facing robust corporate development challenges in a rapidly-changing and highly turbulent industry New stages in the technology lifecycle Emerging market categories Competitive threats or partnering opportunities Issues of value creation versus value realization
Our firm’s principals have an average of over 15 years working with emerging leaders in software, as well as with the industry’s largest and most established companies
Shea & Company is based in Boston and since its inception has undertaken projects with clients on both coasts of the U.S., in Canada and in Europe, as M&A advisor in both sell and buy-side capacity
Merger & AcquisitionAdvisory
Shea & Company has a wealth of experience with buy-side and
sell-side M&A as well as divestitures and other structures
Corporate Development & Strategy
Our focus on “outsourced corporate development” is ideal for emerging software leaders
facing tough strategic challenges
Overview of Shea & Company, LLC
Capital Raising
We provide thoughtful advice in private and public market capital raising transactions without the conflicts of interest endemic to
large investment banks
Shea & Company served as the exclusive financial advisor to
Onaro
has been acquired by
Financial terms not disclosedJanuary 2008
Shea & Company served as the exclusive financial advisor to
SPL WorldGroup
has been acquired by
Financial terms not disclosedNovember 2006
Shea & Company served as the exclusive financial advisor to
AssetMetrix
has been acquired by
Financial terms not disclosedApril 2006
Shea & Company served as the exclusive financial advisor to
Kashya
has been acquired by
$153,000,000May 2006
Shea & Company served as the exclusive financial advisor to
Wind River Systems
has acquired
Financial terms not disclosedMarch 2006
Shea & Company served as the exclusive financial advisor to