Welcome!

@CloudExpo Authors: Yeshim Deniz, Liz McMillan, Elizabeth White, Pat Romanski, Aruna Ravichandran

News Feed Item

For Bessemer Venture Partners 2012 Proved a Banner Year: Highlights Include Five IPOs, Major M&A Exits, and 20 New Investments

MENLO PARK, CA and LARCHMONT, NY -- (Marketwire) -- 01/17/13 -- Bessemer Venture Partners, a top venture capital firm backing great entrepreneurs who lead transformative startups and other high growth companies, ended 2012 on a high note counting five IPOs and a number of major M&A exits. The partnership, known for investing early in innovators such as Endeca, LinkedIn, Yelp and Pinterest, also made 20 new investments this year.

2012 IPOs
With 5 IPOs, BVP earned a spot among the top three VCs for total IPOs in 2012, according to the NVCA. These include:

  • Eloqua (NASDAQ: ELOQ) went public in August. BVP invested in 2007. Oracle recently announced the acquisition of Eloqua for $871 million plus company cash.
  • Lifelock (NYSE: LOCK) went public in October. BVP was the first institutional investor, leading the Series A and participating in each later round. At the time of IPO, BVP was the largest shareholder in Lifelock and remains so today.
  • Millennial Media (NASDAQ: MM) went public in March. BVP seeded the company, co-led the Series A and participated in each later round, sharing the role of largest shareholder.
  • Verastem (NASDAQ: VSTM) went public in January. BVP co-led the Series A financing and participated in each later round.
  • Yelp (NYSE: YELP) Yelp went public in March. BVP was the first institutional investor, investing in 2005 and securing a stake as the largest shareholder. The firm remains the largest shareholder today.

2012 M&A Highlights
In 2012, BVP realized venture returns through a number of major M&A exits. Highlights include:

  • Stromedix was acquired by Biogen in March for $75 million upfront, plus up to $487.5 million in milestone based payments. BVP backed the company in multiple rounds.
  • OMGPop was acquired by Zynga in March for $178 million. BVP was an early investor.
  • Summit Microelectronics was acquired by Qualcomm in June for an undisclosed sum. BVP participated in a number of the rounds of financing.
  • SelectMinds was acquired in September by Oracle for an undisclosed sum. BVP was the first and only venture investor in the Series A round. There were no further rounds.
  • Truaxis was acquired by Mastercard in September for an undisclosed amount. BVP incubated the company in its offices, then led and participated in their later financing rounds as the largest shareholder.
  • Traffix Systems was acquired by F5 Networks for $135 million in February, less than six months after BVP's October 2011 investment in the series B round. BVP was the largest shareholder.

2012 Investments
BVP made 20 new investments in 2012, and a number of other follow-on investments. Highlights include:

  • ClearSlide, Inc., sales communications platform that helps sales professionals to be more strategic and effective in their presentations, emails, and in-person meetings
  • Health Essentials Holdings, Inc., provider of post-acute care management services
  • Liazon Corporation, online private benefit exchange platform for small and medium sized businesses MyHeritage Ltd., online application for researching and building family trees
  • SendGrid, Inc., cloud-based email infrastructure relieves businesses of the cost and complexity of maintaining custom email systems
  • Thinking Phone Networks, provider of cloud-based communications services to corporate customers
  • Twitch.tv, the world's largest video platform and community for gamers
  • Xtime, leading cloud-based Customer Relationship Management (CRM) and scheduling platform for the automotive service industry
  • Zapier Inc., enables the integration of different web apps
  • 42Floors, Inc., online marketplace for commercial real estate

2012 follow-on investments include Box, Criteo, Fiverr, Twilio, Tilera and Pinterest, in which BVP led the Series A and remains the largest shareholder.

Industry Distinction
BVP's investment team was recognized within the industry for their outstanding performance and expertise. Forbes named BVP partners David Cowan, Rob Chandra, Byron Deeter, Bob Goodman, and Jeremy Levine to the prestigious Midas List of Top 100 Tech Investors (2012). And, Bob Goodman, G. Felda Hardymon, and Jeremy Levine were named to the AlwaysOn 2012 Venture Capital 100 list, while AlwaysOn named David Cowan and Byron Deeter as 2012 Power Players in the Cloud and listed Bob Goodman and David Cowan as Mobile Power Players of 2012.

BVP has 45 active investment professionals, focused on identifying investment opportunities in start-ups in the Cloud Computing, Education Technology, Healthcare IT and Services, Infrastructure 2.0, Israel, India and Emerging Markets, Mobile, Online Retail and Trusted Internet sectors. In 2013, the firm will continue to invest in these and other areas, teaming with exceptional management teams and fostering the growth of BVP portfolio companies.

BVP's track record is exceptional for its longevity, success and breadth across multiple partners in a mix of sectors, stages and geographies. The firm's investments range from $100,000 angel investments to $50 million hyper-growth deals, in 15 countries from six global offices. The success of 2012 follows a strong 2011, in which the firm benefited from early investments in LinkedIn, Cornerstone OnDemand and Endeca, among other exits, and raised a $1.6B global venture capital fund.

About Bessemer Venture Partners
With $4 billion under active management, Bessemer Venture Partners (BVP) is a global venture capital firm with offices in Silicon Valley, Cambridge, Mass., New York, Mumbai, Bangalore and Herzliya, Israel. BVP delivers a broad platform in venture capital spanning industries, geographies, and stages of company growth. From Staples to Skype, VeriSign to Yelp, LinkedIn to Pinterest, BVP has helped incubate and support companies that have anchored significant shifts in the economy. More than 100 BVP-funded companies have gone public on exchanges in North America, Europe, and Asia. See www.bvp.com or follow BVP on Twitter @bessemervp

Contact:
Tiffany Spencer
Bessemer Venture Partners
Email Contact
650-853-7000

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@CloudExpo Stories
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, will discuss how given the magnitude of today's applicati...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, will go over the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, applicatio...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
Though cloud is the future of enterprise computing, a smooth transition of legacy applications and systems is critical for seamless business operations. IT professionals are eager to start leveraging the cost, scale and other benefits of cloud, but with massive investments already in place in existing infrastructure and a number of compliance and resource hurdles, it can be challenging to move to a cloud-based infrastructure.
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
Containers are rapidly finding their way into enterprise data centers, but change is difficult. How do enterprises transform their architecture with technologies like containers without losing the reliable components of their current solutions? In his session at @DevOpsSummit at 21st Cloud Expo, Tony Campbell, Director, Educational Services at CoreOS, will explore the challenges organizations are facing today as they move to containers and go over how Kubernetes applications can deploy with lega...
SYS-CON Events announced today that Avere Systems, a leading provider of hybrid cloud enablement solutions, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere Systems was created by file systems experts determined to reinvent storage by changing the way enterprises thought about and bought storage resources. With decades of experience behind the company’s founders, Avere got its ...
Amazon is pursuing new markets and disrupting industries at an incredible pace. Almost every industry seems to be in its crosshairs. Companies and industries that once thought they were safe are now worried about being “Amazoned.”. The new watch word should be “Be afraid. Be very afraid.” In his session 21st Cloud Expo, Chris Kocher, a co-founder of Grey Heron, will address questions such as: What new areas is Amazon disrupting? How are they doing this? Where are they likely to go? What are th...
Today most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes significant work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reducti...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, will discuss how they b...