DH Capital and SaaS Capital have partnered to launch a new fund to provide growth capital to emerging Software-as-a-Service companies. This fund is designed for companies who have passed the start-up stage, but require additional funding to help scale the business. SaaS Capital will provide senior debt loan facilities to SaaS companies with more than $3 million in revenue. DH Capital is a boutique investment banking firm that brings expertise in Internet infrastructure, telecommunications, and SaaS.
Newvem, cloud analytics provider, has received $4 million in Series A funding led by Greylock Partners. Other participants were Index Ventures, Innovation Endeavors and private investors.
VoloMetrix, analytic applications provider, announced a $1.6 million Series A funding round let by Shasta Ventures. VoloMetrix focuses on Business Intelligence, enabling operational transparency in real time to help executives optimize team performance. This category is called Talent Results Management, with metrics such as cost to acquire customers, costs to support customers and costs to maintain products.
KANA Software, Inc., customer service solutions provider, announced today the acquisition of Trinicom, provider of customer service and interaction software. The acquisition brings KANA to the cloud, expanding its existing on-premise customer service solutions into the Software-as-a-Service (SaaS) arena. KANA plans to support new and existing Trinicom customers and expand its market reach to mid-sized businesses globaly. The details of the acquisition were not disclosed.
Schoology, the leading cloud-based collaborative learning platform for K-20 classrooms, has announced that it has raised $6 million in financing led by FirstMark Capital, a leading NYC-based venture capital firm with a history of successful investments in online, software and education businesses, and joined by existing investor Meakem Becker Venture Capital. Schoology has raised $9.3 million in funding to date.
EndPlay, content management, engagement and monetization solutions provider, announced today $21.5 million raised in VC funding from VantagePoint Capital Partners and Advanced Technology Ventures. EndPlay plans to use the funding to expand its presence in the U.S. and Europe and develop its product offerings.
March was a busy month for venture capital. Here are 5 enterprise cloud companies that received funding in March. The lists represents PayWall Management, Social Marketing for the music and entertainment industries, Technology Business Management, Cloud Migration, and Corporate Performance Management.
Yammer, enterprise social network provider, announced today its acquisition of oneDrum, file sharing and collaboration solutions provider. oneDrum is based in the UK and provides a collaboration engine that brings Google Docs functionality and more to Microsoft Office applications. With the acquisition, Yammer will gain powerful desktop sync capabilities, enabling file folders to be shared across multiple users' desktops.
Dell has announced an agreement to acquire Wyse Technology, Inc., cloud client computing solutions provider. The acquisition is expected to close in the second quarter. Dell has been focusing on high-margin business products due to soft PC sales. Since 2009, the company has acquired about a dozen companies--from its $3.9 billion purchase of IT services company Perot Systems Corp. to much smaller companies such as SecureWorks and Boomi Inc. that sell Software-as-a-Service.