EiQ Networks, a pioneer in hybrid security as a service, today announced that it has raised an additional $7 million in growth capital, bringing the total amount received to date to $38 million. The company has also rebranded to Cygilant™ to reflect its mission and commitment to protecting customers from data theft, ransomware, malware, zero day threats, and more. Arrowroot Capital, a growth equity firm based in Santa Monica, California, led this round.
Nasuni, the leading provider of cloud-scale enterprise file services, today announced it has closed $38 million in growth equity funding led by Goldman Sachs Growth Equity (GS Growth), a platform within Goldman Sachs’ Merchant Banking Division. The investment follows another record quarter by Nasuni for new customer acquisition, expansion bookings from existing customers, and revenue. Nasuni, which has now raised approximately $120 million, will use the new funding to expand its research and development, customer success, and go-to-market efforts.
Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation for clients, today announced that it has acquired TandemSeven, a Boston-headquartered company that delivers customer and digital experience innovation consulting using design thinking at its core. TandemSeven’s ability to design better customer experiences complements Genpact’s digital capability aimed at transforming business processes end-to-end. Terms of the deal are not disclosed.
Aras®, the next leader in enterprise Product Lifecycle Management (PLM) software, today announced a $40 million investment round led by Silver Lake Kraftwerk, a fund of Silver Lake, the global leader in technology investing, with participation from GE Ventures, the investment arm of General Electric. Aras will use this minority investment to drive growth, expand operations - including Aras’ world-class service and support - and further extend Aras’ technology leadership through development and acquisitions.
EverTrue, a software company that is modernizing fundraising efforts at educational institutions, today announced that it has secured $6MM in additional funding led by University Ventures with participation from existing investor Bain Capital Ventures. The financing will be used to drive further software innovation as the company continues its mission to power the future of higher ed advancement. This most recent round brings EverTrue’s total funding to $23.5MM.
Helen Adeosun knows the challenges senior home care providers face very well. After all, she used to be one herself, just as her mother was.
“I remember this feeling every single time I showed up to a client’s home: I had very little preparation to help that client,” Adeosun said of seniors receiving home care, which reached 4.9 million in 2013, according to the Centers for Disease Control and Prevention. “Caregivers get so little training, I think people would actually be shocked,” she added.