Welcome!

Weblogic Authors: Yeshim Deniz, Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

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.

@ThingsExpo Stories
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
SYS-CON Events announced today that Telecom Reseller has been named “Media 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. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
SYS-CON Events announced today that TechTarget has been named “Media 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. TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
SYS-CON Events announced today that Conference Guru has been named “Media 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. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organi...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
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.
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.