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News Article | May 9, 2017
Site: www.prnewswire.com

"Prior to Seismic NewsCenter, our sales communication process largely revolved around mass email blasts—lengthy weekly updates that were impersonal with many parts being irrelevant to the individual reader, meaning they were often ignored," said Cathy Rowell, worldwide sales knowledge management leader at HPE.  "NewsCenter allows us to take a more efficient and effective approach. The reps have an experience they're already familiar with, as simple as accessing Flipboard or Pinterest, ensuring that they remain constantly knowledgeable on our products, the market, competitors, and the company as a whole. We're finally able to address their concerns around too much email clutter. Feedback thus far is extremely positive – easy to use, and a great tool for them to have in the field on their mobile devices." "With an abundance of available information, we live in the age of the educated buyer, and sellers who aren't equally educated enter every interaction at a disadvantage," said Doug Winter, Seismic CEO and co-founder. "If a sales enablement solution isn't providing sales teams with the all the new information, updates, and training they need before their first meeting of the day, then it is failing to truly enable sales teams. Coupled with our integration with sales readiness platforms like MindTickle, Seismic provides the industry's most complete sales enablement platform." Research firm SiriusDecisions notes that a complete sales enablement function has three core components: sales asset management, sales talent management, and sales communications. With the recently announced integration with sales readiness solution MindTickle and the launch of NewsCenter, Seismic has once again redefined what it means to be a complete enterprise-grade sales enablement platform by offering capabilities in all three core components. "As a stand-alone function, sales enablement continues to exhibit dramatic enterprise growth, with 74 percent of departments, in our 2017 survey, planning an enablement budget increase over last year," said Peter Ostrow, Research Director at SiriusDecisions. "Regarding sales communications, we see that high-performing firms are 22 percent more likely than others to centralize internal messaging flow within this growing sales enablement function. This helps streamline enablement's ability to maximize rep and channel partner productivity." Similar to other recent technology partnerships, the benefits of NewsCenter extend beyond sales reps. Integrations with Marketo and Eloqua open up unparalleled precision in marketing campaign segmentation and lead scoring, and the integrations with sales readiness solutions such as MindTickle reveal new insights into rep engagement for sales and marketing ops. NewsCenter, meanwhile, opens up opportunities for additional teams to have their impact felt on the bottom line. For example, public relations teams can quickly relay new company coverage or press releases to the right sales reps, along with any competitive intelligence they find in their daily news scans. Content marketing teams can automatically alert relevant sales reps of new top-of-funnel content that may have just been distributed along with its intended purpose, and C-level executives can share thoughts and insights, further conveying to each sales rep that what they do is essential to the company's future. "The most successful sales reps are the ones who go into every conversation with the confidence in knowing that they are supported by an organization fully devoted to their success," said Winter. "Large enterprises like HPE and rapidly growing market leaders like Procore recognize this advantage and have standardized on Seismic to support their diverse and complex needs." For more information about Seismic NewsCenter, visit's the company's site at https://seismic.com/newscenter. Seismic's leading sales enablement solution allows marketing teams to personalize content at scale and equips large sales teams with the right content for every interaction, dramatically improving time spent selling and win rates. Seismic is the only sales enablement platform powered by machine learning algorithms and the award-winning LiveDocs® technology, which automates the creation of personalized sales materials within seconds. Real-time analytics provide unprecedented insight for marketing teams looking to gauge which content helps close deals, further aligning marketing and sales efforts. Headquartered in San Diego and with more than 250 employees across the globe, Seismic is privately held by its executive team and investment firms General Atlantic, JMI Equity, and Jackson Square Ventures. To see how Seismic is being used by firms in your industry, visit http://www.seismic.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/seismic-launches-newscenter-to-modernize-enterprise-sales-communications-300453848.html


News Article | May 15, 2017
Site: www.prnewswire.com

"SiriusDecisions research indicates that 74% of organizations with sales enablement functions intend to increase their investment in this area in the coming year. This finding is not a surprise as we see B2B companies placing top priority on driving rep productivity through improved management of sales talent, assets and communication," said Heather Cole, service director for sales enablement strategies at research and advisory firm SiriusDecisions. "Rep effectiveness and efficiency is directly correlated to their ability to easily access knowledge and resources that drive deals forward. Simplifying this rep access through deep integrations of disparate systems is a must for a seamless experience." The benefits of the partnership will give sales enablement, sales operations and marketing professionals the ability to create and manage personalized, voice-enriched content for all sales enablement initiatives. The integration will also provide salespeople with easy access to a single source of truth for all their training, coaching and collateral. This holistic approach will allow for greater insight into the resources that keep reps prepared, resonate with buyers and drive sales. "Sales readiness and sales content management continue to be among the biggest areas we see affecting sales productivity," said Greg Flynn, Brainshark CEO. "As companies grow, these challenges only become more complex. That's where a comprehensive approach to addressing these problems becomes more important than ever. This partnership with Seismic is about providing customers with a powerful solution to not only arm their salespeople with the right content, but to also ensure they're always prepared with the knowledge and skills to use those resources effectively and consistently win more deals." Doug Winter, Seismic co-founder and CEO, said: "In the age of the informed buyer, each stage of the sales cycle is bolstered by timely, personalized content, delivered with confidence and proficiency by the seller. For large enterprises to deliver this experience to buyers at scale requires world-class readiness and enablement platforms, something this partnership will facilitate for joint customers across the globe." For more information on the Brainshark and Seismic partnership, read the blog post from Greg Flynn and Doug Winter, or visit www.brainshark.com or www.seismic.com. Brainshark sales readiness software equips businesses with the training, coaching and content authoring capabilities to achieve sales mastery and outsell the competition. With Brainshark, companies can: prepare sales teams with on-demand training that accelerates onboarding and keeps reps up-to-speed; validate readiness with sales coaching that ensures reps master your message; and empower sales organizations with rich, dynamic content that can be created quickly and accessed anywhere. Thousands of companies – including more than half of the Fortune 100 – rely on Brainshark to identify and close performance gaps, and get better results from their sales enablement initiatives. Learn more at www.brainshark.com. Seismic's leading sales enablement solution allows marketing teams to personalize content at scale and equips large sales teams with the right content for every interaction, dramatically improving time spent selling and win rates. Seismic is the only sales enablement platform powered by machine learning algorithms and the award-winning LiveDocs® technology, which automates the creation of personalized sales materials within seconds. Real-time analytics provide unprecedented insight for marketing teams looking to gauge which content helps close deals, further aligning marketing and sales efforts. Headquartered in San Diego and with more than 250 employees across the globe, Seismic is privately held by its executive team and investment firms General Atlantic, JMI Equity, and Jackson Square Ventures. To see how Seismic is being used by firms in your industry, visit http://www.seismic.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/brainshark-and-seismic-partner-to-optimize-sales-readiness-and-performance-300457436.html


News Article | April 24, 2017
Site: www.prnewswire.com

VIENNA, Va., April 24, 2017 /PRNewswire/ -- SSB BART Group, the leader in digital accessibility solutions in the United States, announced today a strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software companies. SSB BART Group,...


News Article | May 8, 2017
Site: www.businesswire.com

SAN FRANCISCO--(BUSINESS WIRE)--Evolution17 – Code42, the leader in endpoint data protection and recovery, announced the winners of the second annual Evolutionaries awards at its Evolution17 conference. The Evolutionaries honor ten organizations for their extraordinary innovations in how they develop, deploy and adopt applications in data protection and recovery. “The Evolutionaries recognize organizations who are on the forefront of delivering the best possible data protection and real-time recovery solutions,” said Joe Payne, president and CEO of Code42. “It’s an honor to help share the stories behind their success–they’re truly an inspiration. Congratulations to the 2017 Evolutionaries awards winners.” After reviewing more than 60 award nominations, winners were selected in ten categories, including the Guardian Award, Atlas Award, Breakthrough Award and more. Award winners spanned a wide range of industries such as consulting, technology, education and security. Code42 will continue to acknowledge the achievements of its customers through future initiatives such as Code42 Community, a digital forum also announced at Evolution17 where customers can exchange best practices and expertise, share product knowledge, experiences and build relationships. For more information on the awards and Evolution17, visit evolution.code42.com. Code42, the leader in endpoint data security and recovery, protects more than 39,000 organizations worldwide. Code42 enables IT and security teams to centrally manage and protect critical data for some of the most recognized brands in business and education. From monitoring endpoint data movement and use, to meeting data privacy regulations, to simply and rapidly recovering from data incidents no matter the cause, Code42 is central to any organization’s data security strategy. Code42 is headquartered in Minneapolis, MN and backed by Accel Partners, JMI Equity, NEA and Split Rock Partners. For more information, visit code42.com.


News Article | March 1, 2017
Site: www.marketwired.com

SECAUCUS, NJ--(Marketwired - March 01, 2017) - Rsam, a leader in governance, risk and compliance (GRC), today announced the appointment of Bill Dedrick as Chief Revenue Officer, a newly created position. Dedrick brings more than 30 years of expertise in the enterprise software industry. He is responsible for driving the global go-to-market strategy and execution of all revenue-generating initiatives. Dedrick will continue to build on Rsam's success, and the significant growth the company is experiencing since the $32M investment from JMI Equity in 2015. Prior to Rsam, Dedrick was CRO and then President of Ping Identity. During his tenure, revenues grew from $2M in 2005 to over $76M in 2013 and customer base from 20 to over 1200, including 50 of the F100. Additionally, the company achieved a 99% customer sat rating, 95% retention rate and an NPS score of 58. Ping was acquired by Vista Equity Partners in June of 2016 for $600M. Bill also serves as a Board Member for RedCanary, a cyber security threat detection company. Previous roles include VP Sales at Rational Software and Worldwide Sales Executive at IBM. "Rsam has experienced such rapid growth recently that we knew the time was right to bring on additional leadership talent to take advantage of the opportunities that lie in front of us," said Vivek Shivananda, CEO of Rsam. "Bill was an obvious choice given he has been through a similar journey and led companies to great success." Dedrick reports to Shivananda and manages Rsam's sales, marketing and customer success teams. About Rsam Rsam is the fastest time-to-value and most flexible GRC, Vendor Risk Management and Security Operations, Analytics & Reporting (SOAR) platform provider. Our enterprise software platform uses a relational architecture and captures data in a single, centralized repository. Unlike other systems, we don't hard-wire dependencies based on requirements that may be outdated before implementation even begins. Instead, the Rsam platform is built to adapt and put the user in control. Gone are the days of endlessly retrofitting a solution or failing to get it off the ground. With Rsam, you can have a baseline up and running in 30 days and iterate from there. Learn more at www.Rsam.com.


News Article | February 23, 2017
Site: en.prnasia.com

Leaders in Learning and Performance Join Forces to Accelerate Innovation in Talent Management REDWOOD SHORES, Calif. and OTTAWA, Ontario, Feb. 23, 2017 /PRNewswire/ -- Saba Software Inc., a global leader in cloud-based talent management solutions, and Halogen Software Inc. (TSX:HGN), a leading provider of cloud-based performance management solutions, today announced that Saba, Vector Capital and its affiliates, and Michael Slaunwhite, Halogen's co-founder, Executive Chairman and largest shareholder, have entered into a definitive agreement to acquire Halogen. The combination of Saba and Halogen, expected to close in the second quarter of 2017, will extend Saba's position as a leading provider of end-to-end SaaS Talent Management solutions. Combined, Saba and Halogen will serve more than 4,000 customers worldwide, and together, increase value to the customers they serve with the strength, size and scale to deliver rapid innovations in talent management. The combination of these two market leaders is expected to bring together learning and performance in a way not yet realized in the market. In combination with Saba's robust learning, social and engagement capabilities, Halogen's solutions and expertise in performance management will allow Saba to further accelerate talent innovation. Their combined solutions will enable organizations around the world to transform the employee experience and embrace new workplace dynamics through best-in-market innovations in learning, engagement, and performance. Saba and Halogen together expect to drive enhanced capabilities for their customers with real-time, always-on employee engagement, development, collaboration, coaching, and feedback. "Saba has a clear vision for the future of talent development and understands the powerful role learning and engagement experiences play in driving individual and business performance," said Pervez Qureshi, CEO of Saba. "Combining Saba's unrivaled learning and engagement capabilities with the proven innovation Halogen brings to performance management, we expect to accelerate delivery against this vision and rapidly create new value for our joint customers. This strong foundation for growth and innovation and our combined expertise will enable Saba to meet the ever-changing workplace needs of people and help organizations more effectively adapt, perform and thrive." Les Rechan, President and CEO of Halogen commented: "As part of Saba, Halogen's next generation performance vision is expected to accelerate by pairing our deep expertise in performance with the pioneers in continuous learning, collaboration, and engagement. Both Halogen and Saba's cultures share an unwavering focus on customer success. Together, we believe we can deliver on the future of people-centric, team-optimized performance, development, and engagement, and deliver it on a global scale, and with the unrivaled customer experience Halogen is known for." "We have built Halogen into a market leader in performance management by investing in the talented and innovative team that began here in Ottawa more than 20 years ago," said Michael Slaunwhite, Executive Chairman of Halogen Software. "I look forward to joining forces with Vector Capital and Saba. Together, we have the opportunity to scale faster and lead the way in performance, learning, and engagement and expand our global impact." The transaction will be implemented by way of a statutory plan of arrangement under the Ontario Business Corporations Act and is subject to court approval and the approval of at least two-thirds of the votes cast by holders of Halogen's shares; and by a simple majority of the votes cast by all Halogen shareholders other than Michael Slaunwhite and parties related to him. The Halogen Board's recommendation of the transaction is the result of the Special Committee's strategic review process that began in the fall of 2016. After significant review of the transaction and alternative proposals, the Special Committee, in consultation with its financial and legal advisors, recommended the transaction to the Board. In making their respective determinations, the Board and the Special Committee considered, among other factors, a formal valuation from MNP LLP and a fairness opinion from National Bank Financial, to the effect that the cash purchase price of CAD$12.50 per share to be received by the shareholders is fair, from a financial point of view, to the shareholders (other than Michael Slaunwhite). In connection with the transaction, Michael Slaunwhite (and parties related to him), JMI, and certain other shareholders, directors and officers who together hold in aggregate approximately 12.5 million of the fully-diluted shares or approximately 54% of the fully-diluted shares of Halogen, have entered into voting support agreements with the Vector Group pursuant to which they have agreed to vote all of their shares in favour of the transaction. Halogen has agreed not to solicit competing acquisition proposals, subject to customary "fiduciary out" provisions, which entitle the Corporation to consider and accept a superior proposal. The agreement also provides for the payment of a termination fee of $10.25 million, and the payment of a reverse termination fee of $20.5 million, in certain circumstances. Copies of MNP LLP's valuation and National Bank Financial's fairness opinion, and a description of the various factors considered by the Special Committee and the Board of Directors of the Corporation in their determination to approve the transaction, as well as other relevant background information, will be included in the Information Circular to be sent to Halogen's shareholders in advance of the special meeting to vote on the plan of arrangement. Copies of the Information Circular, the arrangement agreement, the plan of arrangement and certain related documents will be filed with the Canadian securities regulators and will be available on SEDAR at www.sedar.com. Saba delivers a cloud-based intelligent talent management and engagement solution used by leading organizations worldwide to hire, develop, engage, and inspire their people. With machine learning at its core, Saba Cloud offers proactive, personalized recommendations on candidates, connections and content to help employees and businesses lead and succeed. It is purpose-built on a highly scalable platform that exceeds industry security and reliability standards. Saba has more than 31 million users and 2,200 customers across 195 countries and 37 languages. For more information, visit http://www.saba.com. Halogen Software (TSX: HGN) offers a cloud-based talent management suite that puts ongoing, next-generation performance management principles at the center of all talent programs, including learning and development, succession planning, recruiting, and compensation. With over 2,100 customers worldwide, the company has been recognized as a market leader by major business analysts and has garnered the highest customer satisfaction ratings in the industry. Halogen's powerful, yet simple-to-use solutions, which also include industry-vertical editions, help organizations win with talent, by aligning their talent and business strategies to deliver exceptional outcomes. For more information, visit: http://www.halogensoftware.com. Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With $3.3 billion of capital under management, Vector identifies and pursues these investments in both the private and public markets. Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers, and shareholders. For more information, visit http://www.vectorcapital.com. This announcement is being made for information purposes only and is not intended to be, and must not be taken as, the basis for an investment decision or any investment activity. This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Halogen, Saba or Vector Talent Holdings LLC. Forward-looking statements in this announcement are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used herein, words such as "plan", "target", "will", "expect", "anticipate", "estimate", "may", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the parties in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the parties believe are appropriate in the circumstances. In respect of the forward-looking statements concerning the completion of the transaction, and the anticipated timing for completion of the transaction, Saba and Halogen have provided such in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the time required to prepare and mail Halogen shareholder meeting materials; the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary court, shareholder and other third party approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the transaction; and other expectations and assumptions concerning the transaction and the operations and Saba and Halogen following completion of the transaction. The anticipated dates provided may change for a number of reasons, including unforeseen delays in preparing shareholder meeting materials, the inability to secure necessary shareholder, court or other third party approvals in the time assumed or the need for additional time to satisfy the other conditions to the completion of the transaction. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this announcement. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Risks and uncertainties inherent in the nature of the transaction include the failure of Halogen to obtain necessary shareholder, court and other third party approvals, including those noted above, or to otherwise satisfy the conditions to the completion of the transaction, in a timely manner, or at all. Failure to so obtain such approvals, or the failure of the parties to otherwise satisfy the conditions to or complete the transaction, may result in the transaction not being completed on the proposed terms, or at all. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this announcement are made as of the date hereof and neither Saba nor Halogen undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


News Article | February 23, 2017
Site: www.prnewswire.co.uk

Leaders in Learning and Performance Join Forces to Accelerate Innovation in Talent Management REDWOOD SHORES, California and OTTAWA, Ontario, Feb. 23, 2017 /PRNewswire/ -- Saba Software Inc., a global leader in cloud-based talent management solutions, and Halogen Software Inc. (TSX:HGN), a leading provider of cloud-based performance management solutions, today announced that Saba, Vector Capital and its affiliates, and Michael Slaunwhite, Halogen's co-founder, Executive Chairman and largest shareholder, have entered into a definitive agreement to acquire Halogen. The combination of Saba and Halogen, expected to close in the second quarter of 2017, will extend Saba's position as a leading provider of end-to-end SaaS Talent Management solutions. Combined, Saba and Halogen will serve more than 4,000 customers worldwide, and together, increase value to the customers they serve with the strength, size and scale to deliver rapid innovations in talent management. The combination of these two market leaders is expected to bring together learning and performance in a way not yet realized in the market. In combination with Saba's robust learning, social and engagement capabilities, Halogen's solutions and expertise in performance management will allow Saba to further accelerate talent innovation. Their combined solutions will enable organizations around the world to transform the employee experience and embrace new workplace dynamics through best-in-market innovations in learning, engagement, and performance. Saba and Halogen together expect to drive enhanced capabilities for their customers with real-time, always-on employee engagement, development, collaboration, coaching, and feedback. "Saba has a clear vision for the future of talent development and understands the powerful role learning and engagement experiences play in driving individual and business performance," said Pervez Qureshi, CEO of Saba. "Combining Saba's unrivaled learning and engagement capabilities with the proven innovation Halogen brings to performance management, we expect to accelerate delivery against this vision and rapidly create new value for our joint customers. This strong foundation for growth and innovation and our combined expertise will enable Saba to meet the ever-changing workplace needs of people and help organizations more effectively adapt, perform and thrive." Les Rechan, President and CEO of Halogen commented: "As part of Saba, Halogen's next generation performance vision is expected to accelerate by pairing our deep expertise in performance with the pioneers in continuous learning, collaboration, and engagement. Both Halogen and Saba's cultures share an unwavering focus on customer success. Together, we believe we can deliver on the future of people-centric, team-optimized performance, development, and engagement, and deliver it on a global scale, and with the unrivaled customer experience Halogen is known for." "We have built Halogen into a market leader in performance management by investing in the talented and innovative team that began here in Ottawa more than 20 years ago," said Michael Slaunwhite, Executive Chairman of Halogen Software. "I look forward to joining forces with Vector Capital and Saba. Together, we have the opportunity to scale faster and lead the way in performance, learning, and engagement and expand our global impact." The transaction will be implemented by way of a statutory plan of arrangement under the Ontario Business Corporations Act and is subject to court approval and the approval of at least two-thirds of the votes cast by holders of Halogen's shares; and by a simple majority of the votes cast by all Halogen shareholders other than Michael Slaunwhite and parties related to him. The Halogen Board's recommendation of the transaction is the result of the Special Committee's strategic review process that began in the fall of 2016. After significant review of the transaction and alternative proposals, the Special Committee, in consultation with its financial and legal advisors, recommended the transaction to the Board. In making their respective determinations, the Board and the Special Committee considered, among other factors, a formal valuation from MNP LLP and a fairness opinion from National Bank Financial, to the effect that the cash purchase price of CAD$12.50 per share to be received by the shareholders is fair, from a financial point of view, to the shareholders (other than Michael Slaunwhite). In connection with the transaction, Michael Slaunwhite (and parties related to him), JMI, and certain other shareholders, directors and officers who together hold in aggregate approximately 12.5 million of the fully-diluted shares or approximately 54% of the fully-diluted shares of Halogen, have entered into voting support agreements with the Vector Group pursuant to which they have agreed to vote all of their shares in favour of the transaction. Halogen has agreed not to solicit competing acquisition proposals, subject to customary "fiduciary out" provisions, which entitle the Corporation to consider and accept a superior proposal. The agreement also provides for the payment of a termination fee of $10.25 million, and the payment of a reverse termination fee of $20.5 million, in certain circumstances. Copies of MNP LLP's valuation and National Bank Financial's fairness opinion, and a description of the various factors considered by the Special Committee and the Board of Directors of the Corporation in their determination to approve the transaction, as well as other relevant background information, will be included in the Information Circular to be sent to Halogen's shareholders in advance of the special meeting to vote on the plan of arrangement. Copies of the Information Circular, the arrangement agreement, the plan of arrangement and certain related documents will be filed with the Canadian securities regulators and will be available on SEDAR at www.sedar.com. Saba delivers a cloud-based intelligent talent management and engagement solution used by leading organizations worldwide to hire, develop, engage, and inspire their people. With machine learning at its core, Saba Cloud offers proactive, personalized recommendations on candidates, connections and content to help employees and businesses lead and succeed. It is purpose-built on a highly scalable platform that exceeds industry security and reliability standards. Saba has more than 31 million users and 2,200 customers across 195 countries and 37 languages. For more information, visit http://www.saba.com. Halogen Software (TSX: HGN) offers a cloud-based talent management suite that puts ongoing, next-generation performance management principles at the center of all talent programs, including learning and development, succession planning, recruiting, and compensation. With over 2,100 customers worldwide, the company has been recognized as a market leader by major business analysts and has garnered the highest customer satisfaction ratings in the industry. Halogen's powerful, yet simple-to-use solutions, which also include industry-vertical editions, help organizations win with talent, by aligning their talent and business strategies to deliver exceptional outcomes. For more information, visit: http://www.halogensoftware.com. Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With $3.3 billion of capital under management, Vector identifies and pursues these investments in both the private and public markets. Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers, and shareholders. For more information, visit http://www.vectorcapital.com. This announcement is being made for information purposes only and is not intended to be, and must not be taken as, the basis for an investment decision or any investment activity. This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Halogen, Saba or Vector Talent Holdings LLC. Forward-looking statements in this announcement are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used herein, words such as "plan", "target", "will", "expect", "anticipate", "estimate", "may", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the parties in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the parties believe are appropriate in the circumstances. In respect of the forward-looking statements concerning the completion of the transaction, and the anticipated timing for completion of the transaction, Saba and Halogen have provided such in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the time required to prepare and mail Halogen shareholder meeting materials; the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary court, shareholder and other third party approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the transaction; and other expectations and assumptions concerning the transaction and the operations and Saba and Halogen following completion of the transaction. The anticipated dates provided may change for a number of reasons, including unforeseen delays in preparing shareholder meeting materials, the inability to secure necessary shareholder, court or other third party approvals in the time assumed or the need for additional time to satisfy the other conditions to the completion of the transaction. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this announcement. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Risks and uncertainties inherent in the nature of the transaction include the failure of Halogen to obtain necessary shareholder, court and other third party approvals, including those noted above, or to otherwise satisfy the conditions to the completion of the transaction, in a timely manner, or at all. Failure to so obtain such approvals, or the failure of the parties to otherwise satisfy the conditions to or complete the transaction, may result in the transaction not being completed on the proposed terms, or at all. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this announcement are made as of the date hereof and neither Saba nor Halogen undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


News Article | November 1, 2016
Site: techcrunch.com

A San Diego startup called Classy has raised $30 million for software-as-a-service that helps nonprofits raise donations online, and keep supporters engaged in a good cause for the long run. Specifically, Classy helps 501c3 or other nonprofit organizations to run crowdfunding, online and mobile campaigns, awareness and fundraising events all under one roof. This makes it possible for nonprofits to easily compare the costs and results of such different efforts, and to understand their base of supporters, broadly. The company’s platform is deeply integrated with Salesforce, an enterprise app widely used within the nonprofit world. Today, Classy works with more than 2,500 organizations including well-known philanthropic brands like Oxfam, Teach for America, the Leukemia and Lymphoma Society, and many others including those who use tech to make a positive social impact, such as Girls Who Code, or Ushahidi. A SaaS-focused firm called JMI Equity, which is also based in San Diego, led Classy’s Series C round. The startup’s earlier backers also participated in the deal, including Bullpen Capital, Galileo Partners, Mithril Capital Management and Salesforce Ventures. The funding brings Classy’s total venture capital raised to $53 million to-date. Classy CEO and cofounder Scot Chisholm said the company, which employs 190 full-time today, will use the new capital for hiring, product development and to expand both within and beyond the U.S. Many of the largest nonprofits using Classy raise funds outside of North America, so the company has expanded its platform’s capabilities to process donations, and issue receipts to donors across the world, in at least 100 currencies. The company is also investing in artificial intelligence and marketing automation systems that can help nonprofits not just get a backer to support them for one campaign, but stay engaged long-term. Chisholm said, “We have always been very campaign focused. That’s because campaigns are top of the funnel, revenue generation for our clients. But we have also begun to focus on retention because the elephant in the room for nonprofits is that the average churn is 60% to 70% in a year. That’s really bad and we can use technology to improve that.” Brian Hersman, a General Parnter at JMI Equity, will join the company’s board of directors. The investor lauded Classy’s rapid user growth within an industry not known to embrace new technologies, quickly. “Nonprofits are careful,” the investor said. “If you think about it, implementing enterprise software can directly effect their ability to fulfill their mission.” Chisholm reports that Classy is on target to hit a $1 billion run-rate on donations made via its platform in 2018. The company does not disclose specific revenue numbers, and the CEO and investors declined to disclose a post-money valuation for the Series C deal. Classy’s primary competition is the publicly traded Blackbaud, but myriad startups and bootstrapped businesses offer donor management and nonprofit accounting tools online as well.


News Article | February 28, 2017
Site: www.businesswire.com

MINNEAPOLIS--(BUSINESS WIRE)--Code42, the leader in endpoint data protection and recovery, announced it has moved into its new 65,000 square-foot global headquarters at 100 Washington Square in downtown Minneapolis. The newly remodeled offices offer a variety of collaborative spaces and destinations designed for bringing people together that will also enable the company to grow locally. "We built a world-class technology workplace in downtown Minneapolis to attract the region's most experienced and capable people from our industry,” said Joe Payne, president and CEO of Code42. “If you like to collaborate with your peers on market-leading products, you will love working in this 21st-century office. Bringing together the region's best people allows us to build, market, sell, and service great products for our customers." Town hall space is incorporated for company-wide gatherings and conference rooms are named after Code42 customers. The open floor workspaces with low partitions and column-free spacing also provide comfortable, creative options that promote movement throughout the day. Onsite amenities include a “genius bar” for walkup IT support, whiteboard walls, mother’s rooms, and a central kitchen equipped with food, beverages, gourmet coffee machines, and kombucha and Blackeye Roasting Co. nitro cold brew on tap. Adjacent to both downtown Minneapolis and the North Loop, 100 Washington Square is well positioned in terms of business activity. Code42 is in the midst of an exponential growth spurt, having doubled its ranks in the past 12 months with over 250 new employees, including significant leadership hires in key management, finance, engineering, and sales positions; the company’s headcount is now 506. Code42 also opened offices in Broomfield, Colorado and San Mateo, California last year. Designed by world-renowned architect Minoru Yamasaki, 100 Washington Square features an outside patio, Zen garden, bocce ball court, and fitness center. Heralded for its sustainability efforts, the building has an EPA ENERGY STAR score of 97, a Walkability Score of 95, and is connected to the extensive Minneapolis Skyway System. To learn more about Code42 and career opportunities, visit code42.com/careers. Code42, the leader in endpoint data protection and recovery, securely and continuously backs up end-user data for more than 39,000 organizations worldwide, including the most recognized brands in business and education. Our cloud solutions enable IT and security teams to centrally view, protect, and manage end-user data as a critical corporate asset. Code42 limits risk by enabling IT to monitor data movement and use, meet data privacy regulations and recover rapidly from data loss—no matter the cause. Code42 is headquartered in Minneapolis and backed by Accel Partners, JMI Equity, NEA and Split Rock Partners. For more information on the company and its solutions, visit code42.com.


SAN DIEGO, CA--(Marketwired - Nov 16, 2016) -  Seismic, the leading enterprise-grade sales enablement solution, today announced it ranked 83rd on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Seismic grew 1,170 percent during this period. "We are pleased to be recognized as one of the fastest growing technology companies in North America by an organization with as great a reputaion and tradition as Deloitte's Technology Fast 500™," said Doug Winter, Seismic's CEO and co-founder. "Our growth is a direct result of our devotion to our customers' success and to providing them with the most robust sales enablement product on the market now and into the forseeable future." "Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. "This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls." "This year's Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors." Seismic has seen triple-digit growth three years in a row, and the company is currently serving more than 200 customers worldwide, more than half of which have annual revenues exceeding $1 billion. Seismic's platform helps large enterprises deliver the right content to the right sales rep at the right time, and net retention for the company remains near 100 percent in large part due to an industry-standard product producing quantifiable results: After interviews with four Seismic customers, "The Total Economic Impact™ Of The Seismic Sales Enablement Platform," a May 2016 commissioned study conducted by Forrester Consulting on behalf of Seismic, found a 578 percent return on investment for organizations deploying the company's sales enablement solution. Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent. For more information on how Seismic is helping drive sales effeciency and marketing effectiveness at large enterprises, visit their site here. About Deloitte's 2016 Technology Fast 500™ Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America. As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. About Seismic Seismic's leading end-to-end sales enablement solution for enterprises increases sales efficiency and marketing effectiveness by delivering the right content at the right time. Seismic is the only sales enablement platform anchored by the award-winning LiveDocs® technology, which automates the creation of personalized sales materials within seconds, achieving personalization at scale and dramatically improving time spent selling and win rates. Seismic customers are customizing more than a million pieces of sales collateral per year, and real-time analytics provide unprecedented insight for marketing teams looking to gauge which content helps close deals. Headquartered in San Diego and with 210 employees across the globe, Seismic is privately held by its executive team and investment firms General Atlantic, JMI Equity, and Jackson Square Ventures. For more information about Seismic's end-to-end sales enablement solution, please visit www.seismic.com.

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