2011 Venture Capital Deal of the Year Award goes to Radian6 investors

Posted by Rob Lewis

Canada’s Venture Capital & Private Equity Association announced today that Summerhill Venture Partners, Brightspark Ventures and BDC Venture Capital are the recipients of their 2011 ‘Deal of the Year Award’ for their joint investment in Radian6 Technologies.

The 2011 Award goes to the CVCA member with the most significant investment returns during the last twelve months ending June 30, 2011.

In April 2007 Summerhill led the initial $4.0 Million institutional round syndicate, which was followed by a secondary round of $5 Million in December 2008.

In May 2011 Salesforce.com acquired Radian6, and the institutional investors Summerhill, Brightspark and BDC received a combined $205 Million. The investment generated an internal rate of return (IRR) of 142% and a multiple of 22.8 times original investment.

Get the inside scoop on the story of the investment and acquisition at the Banff Venture Forum 2011 (BVF) in two weeks. Radian6 CFO Jeff White will be their keynote dinner speaker and his presentation is titled: Big Exits - The Radian6 Exit Story Behind This Year's $300+ Million Sale to Salesforce.com

The Banff Venture Forum 2011 is on October 6th and 7th at the Fairmont Banff Springs Hotel and you can register online.

Company:
Brightspark Ventures
Website:
http://www.brightspark.com
Location:
Toronto, Ontario, Canada

Brightspark Ventures is a venture capital firm based in Canada that invests to create, build and grow early stage software companies. more

Company:
Summerhill Venture Partners
Website:
http://www.summerhillvp.com
Location:
Toronto, Ontario, Canada

Summerhill Venture Partners is a venture capital firm focused in the areas of communications, digital media and information technology. more

Company:
Radian6
Website:
http://radian6.com
Location:
Fredericton, New Brunswick, Canada

Radian6 provides the leading social media monitoring and engagement platform for marketing, communications and customer support professionals. The company’s new Engagement Console enables brands and agencies to monitor all forms of social media, with real-time results, and engage as a team through unique workflow features for tagging, classifying, and assigning of posts. Analysis widgets on the Radian6 dashboard... more

Company:
BDC Capital
Website:
http://www.bdccapital.ca
Location:
Montréal, Québec, Canada

A subsidiary of the Business Development Bank of Canada (BDC), BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term. From venture capital to equity to growth and transition... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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