About Pivotech Systems
Pivotech Systems is a Software (non-internet/mobile) company based in Piscataway, New Jersey. Pivotech Systems' investors include Core Capital Partners, MDT Advisors, The Grosvenor Funds, OCG Ventures and Davenport Capital Ventures.
Latest Pivotech Systems News
Jul 30, 2018
VC Buzz - $835 Million in Today's Deals New in the News $3.257 Billion Month to Date $50.536 Billion Year to Date Deal News SEAT Pagine Gialle Makes $150 Million Investment in mondus London/Turin -- SEAT Pagine Gialle S.p.A. (IM:SPG), a European publisher of telephone directories and, through its forthcoming merger with Tin.it, an Italian Internet service provider, will invest $100 million in mondus, a Web-based business-to-business marketplace for small to medium sized businesses. SEAT will acquire existing shares for $50 million, resulting in a total post transaction ownership of 40.7% of mondus' fully diluted share capital. $140 million of the investment will consist of SEAT shares and $10 million in cash. The agreement will enable mondus to deliver its range of services to the 5.9 million businesses currently listed in SEAT's European directories (as well as Pagine Gialle, this includes Thomson Directories and Europages). @Link Networks Secures $101.2 Million in Financing LOUISVILLE, Colo.-- Integrated communications provider @Link Networks (formerly Dakota Services) secured $101.2 as part of a second round of funding. @Link provides small- and medium-sized businesses with secure, high-speed private networks and other connectivity solutions via access technologies such as DSL. @Link's first-round investors Madison Dearborn Partners, Columbia Capital, Telesoft Partners, and Telcom Ventures each reinvested at least 50 percent of their initial amount. The remainder of the $101.2 million came from four new investors, including $30 million from Incepta LLC. The remaining three investors include Arlington Capital Partners which invested $20 million, as well as $15 million and $5 million from Morgan Stanley Dean Witter ( NYSE:MWD ) and an affiliate of Merrill Lynch ( NYSE:MER ), respectively. Total equity and debt capital raised in the past eight months is nearly $400 million. Earlier this year, @Link paid Nortel Networks ( NYSE:NT ) $225 million for broadband equipment and services. Tenor Networks Closes $93 Million in Third Round Financing ACTON, Mass.-- Tenor Networks, a provider of communications equipment that offers service intelligence for optical networks, completed a $93 million third round of financing, which includes strategic investments from Williams Communications ( NYSE:WCG ) and the venture capital unit of Tyco International ( NYSE:TYC ). This new round brings the company's total financing to more than $120 million since November 1998. In addition to Tyco and Williams Communications, new investors include Amerindo Investment Advisors, BancBoston Ventures, Charter Growth Capital, Essex Investment Management, Haebler Capital, Matrix Capital Management, Morgan Stanley Dean Witter ( NYSE:MWD ), Robertson Stephens Bayview 2000, Technology Crossover Ventures and Thomas Weisel Partners. Existing investors which also participated in this round include Matrix Partners, North Bridge Venture Partners, Greylock and Worldview Technology Partners. Tenor's TN250G optical service switch, combined with TEMPo, its element management platform, enables network service providers to rapidly deploy customized services tailored to specific customer requirements. SAN FRANCISCO-- BlueLight.com received $80 million in additional investments from Kmart Corp. ( NYSE: KM ), Softbank Venture Capital and Softbank Capital Partners. Kmart will invest $55 million and Softbank an additional $25 million to continue the development of BlueLight.com, which has reached the three million-subscriber mark for its free Internet service . BlueLight.com recently launched its "preview" shopping site, featuring thousands of items; the site will fully launch this fall. The company also launched Martha Stewart Everyday, putting the line of home and garden products for everyday use on the Internet. There is an internet.com interview here with BlueLight.com CEO Mark Goldstein. eYak Closes $60 Million in Third Round of Funding BOSTON-- eYak Inc. closed a third round of funding totaling $60 million. UBS Capital Americas led eYak's round of funding with an investment of $20 million, followed by previously announced $10 million from meVC Draper Fisher Jurvetson ( NYSE: MVC ), Tudor Investment Corp., Deutsche Banc Alex. Brown, Siemens, and iBasis ( Nasdaq: IBAS ). The round also includes additional investments from all of eYak's early-stage investors, including Venrock Associates, Zero Stage Capital, and Bain & Co. Total funding raised by eYak is more than $76 million since its inception in June 1999. eYak is completing its native IP conferencing and enhanced services platform for a November product launch. EYT Launches As Independent ASP CHANTILLY, Va.-- EYT, formerly Ernst & Young Technologies, an application service provider and eSolutions integrator that hosts, implements, develops and supports applications for clients worldwide, has been formally spun out from Cap Gemini Ernst & Young U.S. LLC. Charterhouse Group International, Softbank Venture Capital, Interliant Inc ( Nasdaq: INIT ) and EYT management have partnered in a $50 million first round investment. Cap Gemini Ernst & Young U.S. LLC will have an equity interest in EYT going forward. In addition to EYT's current NetSet solutions offerings, the company will initially focus on financial management, CRM and message collaboration ASP applications. Aceva Technologies Secures $42 Million in Second Round Funding MOUNTAIN VIEW, Calif. -- Aceva Technologies (formerly InPurchase Inc.), an eFinance infrastructure provider, completed its second round of financing, raising $42 million from Accel Partners, American Online ( NYSE:AOL ), Charter Growth, Clayton Dubilier & Rice, IdeaLab Capital Partners, Oracle Corp. ( Nasdaq:ORCL ) and Sequoia Capital. This brings Aceva's total financing to over $50 million, including $8.3 million from Accel Partners and Sequoia Capital in company's first round in September 1999. Aceva has developed an e-finance platform that integrates all of the financial processes and operations of trade credit, accounts receivable, settlement services and real-time reporting into a single, managed solution. CUPERTINO, Calif.-- Oblix Inc., a developer of e-business infrastructure software , secured $40 million in Series E financing from both existing and new investors. Since it's inception, Oblix has raised a total of $79 million in financing. The latest round was led by new investor Van Wagoner Capital Management. Other new Oblix investors include Charter Growth Capital, Credit Suisse First Boston, J.P. Morgan ( NYSE:JPM ) and Sands Brothers. Earlier-round investors that increased their existing investments in Oblix include Cisco Systems ( Nasdaq:CSCO ), Intel Corp. ( Nasdaq:INTC ), Kleiner Perkins Caufield & Byers, Lehman Brothers ( NYSE:LEH ), Patricof & Co., Novell Inc. ( Nasdaq:NOVL ), Sumitomo/Presidio Ventures, Robertson Stevens, Winston Partners and Alpha Technologies. The Oblix NetPoint product controls Web access and manages user identities in one solution and automates the process of making changes to user identity information and access privileges. Synchrony Communications Secures $27 Million Investment CINCINNATI-- Synchrony Communications Inc., provider of an integrated customer interaction management suite, completed venture financing totaling $27 million. The financing was led by GE Equity and includes funding from Vignette Corp. ( Nasdaq:VIGN ) and West TeleServices, as well as Synchrony's existing investors, Patricof & Co. Ventures, Charles River Ventures and Great American Insurance. Combined with earlier funding, Synchrony has raised more than $40 million in equity capital to date. Synchrony's customer interaction value chain management software suite integrates and queues customer, supplier, partner and employee interactions across various channels of communication -- phone, fax, e-mail and Web chat. Synchrony delivers its solution as a subscription service via the Internet. A4 Health Systems Receives $25 Million Equity Financing CARY, N.C. -- A4 Health Systems, a provider of clinical information systems to the healthcare industry, received $25 million in private equity financing that completes a merger with Nine Rivers Technology and marks the acquisition of Network Medical Systems. The equity financing was led by First Union Capital Partners and includes previous investors, McConnell Venture Partners and Wakefield Group, which had earlier invested $13 million in NMS. John McConnell, former co-founder and CEO of Medic Computer Systems, will serve as chief executive officer of the combined entity. Mark Clifford, founder and CEO of Nine Rivers Technology, will serve as the company's VP business development, and David Bond, another former senior executive from Medic, will serve as the company's vice president of sales and marketing. Pivotech Systems Secures $15.5 Million in Financing PISCATAWAY, N. J.-- Pivotech Systems, a developer of intelligent multi-service access platforms for the service provider community, completed its latest round of financing totaling $15.5 million. Optical Capital Group led this round of financing. Other institutional investors include The Grosvenor Funds, Davenport Capital Ventures, MDT Advisers, and Core Capital Partners among others. IntelligentEdge, the company's flagship product, enables competitive local exchange carriers and integrated communication providers to deliver turnkey managed voice, data and IP services to their small and medium sized business customers. John B. Spirtos, vice chairman of OCG, and Douglas Dunnan, managing partner, The Grosvenor Funds, have joined the Pivotech board of directors. SeeItWork.com Receives $15 Million in First Round of Funding DALLAS -- SeeItWork.com, a provider of digital asset management services and producer of product-centered streaming media content, received $15 million in first-round funding from EFO Holdings. SeeItWork.com has created catalogs for an assortment of verticals including more than 2,500 computer and technology products. The top selling 1,000 consumer electronics products are also available for syndication, and in the coming weeks SeeItWork.com plans to complete massive video catalogs for the automotive, beauty, home and garden, and furniture markets as well. Sites pay SeeItWork.com for the usage of the catalogs and for the management, hosting, and streaming of their selected content. New Financing For eteam.com CANOGA PARK, Calif.-- eteam.com, creator of a new Web-based system for the management of events and emergencies, raised $3 million in its second round of financing, selling 750,000 shares of preferred stock at $4 per share to a group of private, accredited investors. Users of eteam's proprietary system can, with a standard browser, view and assess emergency activity and events from any location and allocate public agency and private company resources as necessary. Delivered via an application service provider to standard personal computers, the eteam solution is geo-referenced, presenting a dynamic map that displays up-to-the-minute status information. Fios Raises $3 Million in First Institution Round PORTLAND, Ore.-- Fios, a national provider of electronic discovery services for litigators and corporate legal departments, raised $3 million in its first institutional round of financing. The round was led by Digital Partners and Integrity Partners, and included FBR CoMotion Venture Capital. Fios provides consulting and information-processing services, helping litigators identify, capture, and use electronic evidence in the lawsuit discovery process. Once electronic evidence is acquired, Fios consultants and processing center advisors assist legal teams in categorizing and searching this data to identify case-critical information. Fios then creates and maintains a searchable data repository from which legal teams can access case data over the Web. The company raised $750,000 in an
Pivotech Systems Frequently Asked Questions (FAQ)
Where is Pivotech Systems's headquarters?
Pivotech Systems's headquarters is located at 200 Centennial Avenue, Suite 222, Piscataway.
What is Pivotech Systems's latest funding round?
Pivotech Systems's latest funding round is Series C.
How much did Pivotech Systems raise?
Pivotech Systems raised a total of $24.5M.
Who are the investors of Pivotech Systems?
Investors of Pivotech Systems include Quantum Venture Partners, The Grosvenor Funds, MDT Advisors, OCG Ventures, Davenport Capital Ventures and 3 more.