Tech

Vista Equity Partners is folding alt-data shop 7Park into another one of its portfolio companies just 2 years after buying it for $100 million

Summary List Placement 7Park Data, a darling of the alternative-data boom feeding quantitative hedge funds, is shuttering as a standalone business just two years after being acquired for $100 million by private-equity juggernaut Vista Equity Partners.
Sources told Insider that Bellevue, Washington-based Apptio, another Vista portfolio company, will absorb 100% of 7Park's business.
A spokesperson for 7Park confirmed the deal, citing the strength of its tech. An Apptio spokesperson said in a statement that the company is "poised to enhance our robust IT Benchmarking solution as well as...
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AI-powered contracting platform Ironclad just snapped up $100 million in its Series D. Here's how it plans on using its funding - and a strategic partnership with Google - to boost its tech

6 days ago | By Business Insider

Summary List Placement Contracts - typically seen as dense blocks of boilerplate text for corporate lawyers to deal with - are having their moment in legal tech.
Ironclad, which digitizes and automates contracts to streamline the end-to-end contract process, said on Thursday that it raised $100 million in Series D funding, bringing the company close to a $1 billion valuation. Its lead investors include Lux Capital's Mary Meeker, previously dubbed "Queen of the Internet" by the New York Times, and its roster of existing investors also include VC titans like Sequoia, Accel, Y Combinator, and...
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