Pincus

Cargomatic Closes $35 Million Series B Financing Round Led by Warburg Pincus

Retrieved on: 
Wednesday, August 15, 2018
Finance, Money, Economy, Warburg Pincus, Warburg family, Pincus, Private equity

LONG BEACH, Calif., Aug. 15, 2018 /PRNewswire/ --Cargomatic, Inc. ("Cargomatic"), a leading technology platform that connects shippers and carriers, today announced the closing of a $35 million Series B financing round.

Key Points: 
  • LONG BEACH, Calif., Aug. 15, 2018 /PRNewswire/ --Cargomatic, Inc. ("Cargomatic"), a leading technology platform that connects shippers and carriers, today announced the closing of a $35 million Series B financing round.
  • The financing is led by funds affiliated with Warburg Pincus, a leading global private equity firm focused on growth investing, along with Canaan, Genesee & Wyoming, Xplorer Capital and Muse Family Enterprises.
  • Through its mobile application, Cargomatic connects shippers, receivers and carriers and eliminates the volume of calls, emails and faxes traditionally needed to book a transaction.
  • Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value.

Warburg Pincus Invests in Procare Software®

Retrieved on: 
Monday, August 6, 2018
ProCare, Warburg Pincus, Child care management software, Pincus, Economy

Procare provides business management software, integrated tuition payment processing, parent engagement tools, hardware and data hosting to child-centered businesses and organizations.

Key Points: 
  • Procare provides business management software, integrated tuition payment processing, parent engagement tools, hardware and data hosting to child-centered businesses and organizations.
  • "Procare Software has built an attractive market leadership position by providing a broad, high-quality product suite that serves the unique and complex demands of more than 30,000 child care centers," said Ashutosh Somani, Managing Director, Warburg Pincus.
  • "We are excited to welcome Warburg Pincus as our new institutional investment partner," said JoAnn Kintzel, President and CEO, Procare Software.
  • Procare Software is the largest and leading provider of child care management software, integrated payment processing, technology and services.

Warburg Pincus Announces Acquisition of Supplier Assessment Services

Retrieved on: 
Tuesday, June 19, 2018
Warburg Pincus, Warburg family, Constructionline, Pincus, Supply chain risk management, Economy, Business

Supplier Assessment Services includes the Constructionline and Acclaim portfolio of products and services.

Key Points: 
  • Supplier Assessment Services includes the Constructionline and Acclaim portfolio of products and services.
  • Warburg Pincus will work alongside Supplier Assessment Services' ambitious management team to accelerate the growth of the business.
  • John Edmunds, Chief Executive Officer of Supplier Assessment Services, commented, "We are excited to partner with Warburg Pincus in this next chapter.
  • "Supplier Assessment Services' products are vitally important to safety and supply chain risk management," said Adarsh Sarma, Managing Director at Warburg Pincus.

Senior Executives Launch Vivtera, a Global BPM Platform, in Partnership with Warburg Pincus

Retrieved on: 
Thursday, May 31, 2018
Finance, Money, Economy, Warburg Pincus, Warburg family, Information technology management, Corporate finance, Equity securities, Business process management, Pincus, BPM, Private equity

NEW YORK andMUMBAI, India, May 31, 2018 /PRNewswire/ --Business Process Management (BPM) veterans Mohit Thukral, Gaurav Sethi and Harpreet Duggal today announced the launch of Vivtera, a global BPM platform in partnership with Warburg Pincus, a global private equity (PE) firm focused on growth investing.

Key Points: 
  • NEW YORK andMUMBAI, India, May 31, 2018 /PRNewswire/ --Business Process Management (BPM) veterans Mohit Thukral, Gaurav Sethi and Harpreet Duggal today announced the launch of Vivtera, a global BPM platform in partnership with Warburg Pincus, a global private equity (PE) firm focused on growth investing.
  • Mohit Thukral, Co-Founder and Managing Partner, Vivtera, said, "There is a shortage globally of domain-focused, high quality tech-enabled BPM service providers.
  • We are seeking to acquire standalone BPM assets or to partner with captives, and to further invest in them for growth.
  • Viraj Sawhney, Managing Director, Warburg Pincus, added, "The Vivtera team has a long and successful track record in building and scaling profitable BPM businesses across global markets.

Warburg Pincus Announces Sale of ipan

Retrieved on: 
Wednesday, May 16, 2018
Warburg family, Warburg Pincus, Pincus, Ipan

LONDON, May 16, 2018 /PRNewswire/ --Warburg Pincus, a leading global private equity firm focused on growth investing, today announced the sale of ipan Group ("ipan"), one of the leading providers of IP management services and software, to Castik Capital.

Key Points: 
  • LONDON, May 16, 2018 /PRNewswire/ --Warburg Pincus, a leading global private equity firm focused on growth investing, today announced the sale of ipan Group ("ipan"), one of the leading providers of IP management services and software, to Castik Capital.
  • Since its acquisition by Warburg Pincus in 2014, ipan has added over 100 new customers and more than tripled its revenues.
  • Max Fowinkel, Managing Director at Warburg Pincus International LLC, said: "We are proud of the transformative investments and significant growth that ipan has achieved during our ownership.
  • Dr. Jens Ltcke, CEO of ipan, commented: "Based on the investments made and the strategic decisions taken together with Warburg Pincus, ipan is strongly positioned to continue its accelerated growth in the IP sector."