Vector Capital to Acquire Bigtincan Holdings

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital Management, L.P. (“Vector”), a leading private equity firm specializing in transformational investments in established technology businesses, today announced that it has entered into a scheme implementation deed under which it will acquire Bigtincan Holdings Limited (ASX: BTH) (“Bigtincan” or the “Company”), a premier provider of sales enablement software and AI solutions to global enterprises, including 100 of the Fortune 500.

LivePerson Announces New Board Nominee and Additional Board of Directors Refreshment

NEW YORK, Oct. 23, 2024 /PRNewswire/ -- LivePerson, Inc. (Nasdaq: LPSN) (the "Company"), the enterprise leader in digital-first customer conversations, has entered into a cooperation agreement (the "Cooperation Agreement") with Vector Capital Management, L.P. (collectively with its affiliates, "Vector"), which owns approximately 12% of the Company's outstanding common stock.

Back to the B2B Software Future

As Amish Mehta rejoins Vector Capital Management LP, B2B software market conditions are reminiscent of his first stint at the firm, which started more than 20 years ago.

Veteran Technology and Software Investor Amish Mehta Rejoins Vector Capital as Managing Director

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private investment firm specializing in transformational investments in established technology businesses, today announced Amish Mehta has rejoined the firm as a Managing Director and Investment Committee member. A highly experienced technology industry executive, Mr. Mehta will also serve on Vector Capital’s Investment Committee alongside Alex Slusky, Founder and Chief Investment Officer, and Rob Amen, a Managing Director.

IntelePeer Secures $140 Million Strategic Growth Investment to Drive the Development of AI Agents for Improved Customer Experiences

Dania Beach, FL, July 25, 2024 – IntelePeer, a leading AI-powered Communications Automation provider, today announced the completion of $140 million in new growth funding and debt financing. This strategic growth investment was co-led by Savant Growth LLC and VantagePoint Capital Partners with support from Savant limited partners including Coller Capital, Hollyport Capital, Manulife Investment Management and Achmea. Vector Capital, through its newly formed direct credit strategy, Vector Velocity, led the debt financing. Stifel, Nicolaus & Company, Inc. served as financial advisor to IntelePeer. The new financing allows for the continued execution of IntelePeer’s vision to reinvent the contact center and reimagine the customer experience through AI and automation.

Vector Capital Completes Acquisition of Riverbed Technology

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital (“Vector”), a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful completion of its acquisition of Riverbed Technology (“Riverbed” or the “Company”), a leading IT solutions provider that delivers secure, seamless digital experiences and accelerates enterprise performance to global organizations. In connection with the close of the transaction, Dave Donatelli has been named Chief Executive Officer, effective immediately. Dan Smoot, who previously served as CEO, will continue to support the Company on a transitional basis.

Riverbed Follows New Course in Vector Deal Flow

The recent purchase of Riverbed Technology LLC reflects a burgeoning niche for middle-market technology turnaround investor Vector Capital Management LP: buying companies from lenders who converted debt to equity through reorganizations.

Vector Capital to Acquire Riverbed Technology

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital (“Vector”), a leading private equity firm specializing in transformational investments in established technology businesses, today announced it has agreed to acquire Riverbed Technology (“Riverbed” or the “Company”), a leading IT solutions provider that delivers secure, seamless digital experiences and accelerates enterprise performance to global corporations. Riverbed’s existing lenders will continue to support the Company by providing it with a new credit facility at closing. Terms of the transaction were not disclosed.

Vector Capital Completes $100 Million Investment in Malwarebytes

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced that it has successfully closed its previously announced $100 million minority investment in Malwarebytes, a global leader in real-time cyber protection.

Vector Capital's Plan for Maximizing Malwarebytes

Vector Capital Management LP recent investment in cybersecurity company Malwarebytes Inc. meets an important criteria for the sponsor.

“Our best investments have been ones where we partner with leaders who have a deep, emotional commitment to the business, whether it's management teams that would like to see the company do better but need help or whether it's founders who need operational assistance,” Vector Capital Managing Director David L. Fishman told The Deal in an interview about the investment and the technology sponsor's decades-long approach to cybersecurity.