Sophos has named Symantec (NASDAQ: SYMC) veteran Kris Hagerman as CEO, succeeding Steve Munford. Hagerman, also a Corel veteran, joins Sophos as the anti-virus, endpoint security and unified threat management (UTM) company pushes into mobile device management and cloud encryption services.
French later-stage VC firm Time Equity Partners is looking to raise a second fund to fuel its investments. The company needs $130 million (€100 million) before the end of the year, according to Les Échos.
IT solutions provider Compuware (CPWR), under pressure from activist investor Elliott Management, has been acquired by private equity firm Thoma Bravo in a stock and cash deal valued $2.5 billion that will immediately take the company private.
Cloud storage startup Box, which backed away from its much-anticipated IPO in early May over eroding market conditions, landed an unusually timed $150 million capital infusion from private-equity firm TPG and hedge fund Coatue Management, according to an update to its S-1 SEC filing the company issued July 7.
With its $930 million acquisition of business-to-business travel software provider TravelClick, private equity firm Thoma Bravo is showing that it’s more than just venture capital firms that are interested in the travel business.
Security vendor Sophos took the wraps off its newly revamped channel program, adding financial incentives, training, certifications, two separate tracks and an upgraded partner portal, in effect, mixing new ingredients with what it called the “best elements” of past offerings.
According to Sophos, in crafting the new program it specifically retained components of the channel program of Astaro, the
WizIQ, an online education platform which provides virtual classroom software for teachers and trainers at school and university level has raised a $4 million Series B round. The funding was led by Kaizen, an Indian private equity fund focused on the education sector.
News broke tonight that The Blackstone Group, which operates the second largest equity fund businesses in the world, has agreed to acquire home automation giant, Vivint, in a deal that’s worth just over $2 billion.
Blackstone will be purchasing Vivint from Goldman Sachs, Jupiter Partners and Peterson Partners, the company’s current sponsors.