Tag: cherwell software
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Colorado Springs-based Cherwell Software to be sold to Utah company
Colorado Springs-based Cherwell Software will be acquired by Salt Lake City information technology security company Ivanti in a deal backed by two private equity investment firms, Ivanti announced Tuesday. Affiliates of Clearlake Capital Group and TA Associates are financing the deal; terms of the transaction were not disclosed. Cherwell CEO Sam Gilliland said the deal…
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Venture capital funding bypasses Colorado Springs in 2020
Venture capital funding bypassed Colorado Springs in 2020, even as such financing hit a 20-year high in Colorado and a record nationwide, according to a report. The dearth of money for local startups last year was the first time such companies failed to land venture capital funding since 2007, according to the MoneyTree Report from…
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Colorado Springs ‘unicorn’ software firm lands record $200 million in venture capital
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado Springs software developer Quantum Metric has landed $200 million in venture capital in a deal that values the company at more than $1 billion, making it the area’s first technology “unicorn.” The investment from a group led by Insight Partners is the largest ever…
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Colorado Springs ‘unicorn’ software firm lands record $200 million in venture capital
Colorado Springs software developer Quantum Metric has landed $200 million in venture capital in a deal that values the company at more than $1 billion, making it the area’s first technology “unicorn.” The investment from a group led by Insight Partners is the largest ever for a Colorado Springs startup, eclipsing a $172 million deal…
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Cherwell deal triggers record quarter for Colorado Springs venture capital
Facebook Twitter WhatsApp SMS Email Print Copy article link Save A $172 million investment in Colorado Springs-based Cherwell Software by private equity giant KKR generated a record quarter for venture capital funding in Colorado Springs, according to a report released Wednesday. The April deal, which ranked as the largest in Colorado and 16th-largest nationwide in…
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Colorado Springs software firm opens R&D center in Scotland
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Cherwell opens R&D center in Scotland Cherwell Software has opened a research and development center with 16 employees in Dundee, Scotland, north of Edinburgh. The company plans to grow the office as its first satellite operation to its technology team in Colorado Springs, where Cherwell…