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We
are a private equity firm investing in software and business
services
companies. |
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Fuel rapid organic growth
• Pursue one or
more
acquisitions
• Recapitalize to
optimize
capital structure or
meet
the liquidity needs
of
shareholders
• Spin-off operations from
a
parent corporation
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We
fund businesses at all stages of development.
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$10
million to $60 million
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Typically
lead or control investor.
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We
will consider investments worldwide to support the needs of
our global Limited Partners.
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 FTVentures is pleased to announce the sale of Actimize to NICE Systems.
NICE Systems, LTD (NASDAQ:NICE), an Israel-based provider of comprehensive performance management and interaction analytics solutions, has entered into a definitive agreement to acquire Actimize in a transaction valued at approximately $280 million. The transaction is comprised of approximately 80% cash and 20% common shares of NICE. FTVentures was the first U.S. investor in Actimize, which was founded in 1999. FTVentures led a $10 million Series C round in 2004.
Actimize is a leading provider of enterprise-wide software solutions for brokerage compliance, anti-money laundering, and fraud prevention. This investment is a successful illustration of FTVentures' Global Partner Network in action. Actimize boasts an impressive client list including 10 FTVentures Limited Partners (Bank of America, Citigroup and Wells Fargo among them). Actimize customers include both mid-sized and global financial institutions on 4 continents including 6 of the top 10 global banks and 8 of the top 10 U.S. brokerage firms. Actimize is headquartered in New York and has offices in Europe and Japan.
This acquisition is expected to close by the end of the 3rd quarter, subject to standard closing requirements.
To read the press release click here
Investment activity remains brisk as we have completed two new investments in FTV III. FTVentures is the first institutional investor in Presidio Reinsurance Group ("Presidio") with a capital commitment of $50 million. Presidio is one of the most experienced underwriters of medical excess reinsurance in the U.S. Presidio offers medical reinsurance products and services to insurance companies, HMOs, managed care organizations, healthcare systems, hospitals, medical groups and employers. Headquartered in San Francisco, CA, Presidio has offices in Kansas City, MO, and Minneapolis, MN. The capital will be used by Presidio to continue expanding its unique and broad series of products and services, as well as its management team and geographic reach. Richard Garman and Mohit Daswani have joined the Presidio board of directors.
To read the press release click here
 FTVentures has led a $24 million Series A Preferred in Rezolve Group, investing $18.78 million in the round. Rezolve is a provider of student financial aid services for individuals applying to colleges, universities or other higher education organizations. The company offers web and phone-based preparation services for students and parents that need help completing the federal government's Free Application for Federal Student Aid (FAFSA) form, which is mandatory for all students seeking university grants and/or federal education loans. Rezolve Group is based in Davis, CA. Mark Lotke and Eric Byunn have joined the Rezolve Group board of directors.
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New
York
540 Madison
Avenue
Suite
2600
New York, NY 10022
Phone
212-682-4800
Fax 212-682-4480
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FTVentures provides capital to growth companies to finance organic expansion, recapitalizations, buyouts and build-ups. We invest in software and business services companies that derive value from our unmatched Global Partner Network, which includes 40 of the world's leading financial institutions. Our Global Partner Network provides us with a unique vantage point into the business driven IT and operating challenges of the global enterprise. Founded in 1998, FTVentures currently has over $850 million under management with offices in San Francisco and New York. For
more information, please visit www.ftventures.com |
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