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SAN FRANCISCO, May 27, 2021 /PRNewswire/ Gryphon Investors ( Gryphon ), a leading middle-market private equity firm, announced today that it has acquired a majority stake in the ServiceNow division of Highmetric, a global digital IT services provider, from The Acacia Group ( Acacia ), which has retained a minority investment in the company. The standalone ServiceNow business will continue to be known as Highmetric, while the non-ServiceNow divisions have been rebranded as MajorKey Technologies and will continue to be backed by The Acacia Group. Terms of the deal were not disclosed.
Highmetric is an Elite Partner of ServiceNow, the cloud computing platform that helps companies optimize digital workflows, and offers significant capabilities in Customer Service Management, HR & Employee IT Service Management, and IT Operations Management. Named ServiceNow s Americas Partner of the Year in 2021 for its Customer Service Management offering,
Gryphon Investors Takes Majority Stake in IT Provider Highmetric
Gryphon Investors, a middle-market private equity firm, has acquired a majority stake in the
ServiceNow division of
Highmetric, a global digital IT services provider, from
The Acacia Group, which has retained a minority investment in the company. The standalone ServiceNow business will continue to be known as Highmetric, while the non-ServiceNow divisions have been rebranded as
MajorKey Technologies and will continue to be backed by The Acacia Group.
Gryphon also announced its first two additions to the Highmetric family, with definitive agreements to acquire
Fishbone Analytics, Inc. and
Iceberg Networks.
Gabe Stephenson, managing director at Gryphon said, “Gryphon is extremely excited to be partnering with the talented teams at Highmetric, Fishbone, and Iceberg. We have a well-developed thesis around the power of ServiceNow to optimize digital transformation workflows and believe that these are th
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BC venture backed companies raised $1.20 billion, equaling to the total VC raised by Ontario and Quebec companies combined ($1.24 billion)
Dapper Labs US $304 million financing is Canada s largest VC financing all time
BC cleantech and advanced agri-tech companies raised $277 million, representing 71% of All Canadian cleantech and advanced agri-tech disbursements
US investors invested $1.51 billion, accounting for 54% of the total disbursements
Investors from US, Germany, BVI, Hong Kong, and UK rounded up the top five foreign funding sources, together accounting for 67% of the total disbursements
US Private VC, US Corporate VC, US Hedge Fund, Canadian VC and Foreign Corporate VC ranked as the top five leading investor types
While Canadian firms raised a record amount of venture capital in the first quarter of 2021, the amount of money flowing to Ottawa-based companies continued its downward slide, the Canadian Venture Capital and Private Equity Association said Tuesday.
The CVCA said Canadian companies received $2.7 billion in venture capital over 178 deals in the first three months of the year, three times the total of $916 million that VC firms invested in 128 deals a year ago.
But here in Ottawa, VC investments in local companies plummeted sharply year-over-year to $9 million across four deals. That’s down more than 50 per cent from the total of $19 million in the first quarter of 2020 reported by CPE Analytics.