Week in Review: Third Quarter 2012 Venture-Backed IPOs Double Year Over Year
The third quarter is officially under our belts, and the first venture capital numbers are already out. Ten venture-backed IPOs raised $1.1 billion in the third quarter, a decline from the second quarter (mostly due to Facebook’s massive IPO) but more than double the activity over the same period last year. In addition, the third quarter saw 96 venture-backed M&A deals, 30 of which disclosed terms and totaled $7.6 billion, a 30 percent jump over the second quarter.
Mark Heesen, President of the NVCA, notes that exit activity for this quarter might be impaired by the automatic spending cuts and tax changes set to go into effect next year (unless Congress acts to stop them). He suggests that corporate acquirers might wait for the election results and greater stability before the exit environment heats back up.
Our partner companies, on the other hand, have been in a flurry of activity recently:
- AdvantEdge Healthcare Solutions introduced InfoEdgeBI, which creates customized reports that help practices and hospitals better spot billing and coding metrics and trends. Company executives Jeanne Gilreath and Brice Voithofer offered seven tips for building a great relationship with commercial payors in Becker’s ASC.
- Beyond.com, in conjunction with Millennial Branding, released “The Multi-Generational Job Search,” a study on how different generations look for work. The Huffington Post and Forbes covered the survey’s findings. The company also conducted a survey about American workers’ opinions on the presidential election.
- Bridgevine brought on Todd Cullen as Senior Vice President, Consumer Insight and Analytics. The company also announced that it will present at Venture Atlanta, Georgia’s premiere event connecting technology innovation and investment capital, which will be held on Oct. 17-18.
- The Richmond Times-Dispatch covered DriveFactor’s announcement about Platform 2.0.
- Lumesis welcomed Robin Wiessmann to its board and Michael Vossler as Managing Director, Business Development.
- Ari Buchalter, COO at MediaMath, penned a contributed article for iMedia Connection about how to succeed on the Facebook Exchange advertising platform, of which MediaMath is a partner. In addition, MediaMath partnered with Weborama to enable platform buyers to better target audiences.
- NuPathe raised $28 million in a private stock sale as it awaits the FDA’s approval on its migraine patch. Both MedCity News and Philadelphia Business Journal shared the story.
- ThingWorx announced that its platform will help visualize key metrics for Digi International’s device cloud management application. CTO and Co-founder Rick Bullotta spoke to Bruce Kasanoff of Digital Trends about the potential of the Internet of Things – or the physical web, as Kasanoff terms it – to empower people. In addition, ThingWorx was named to the Connected World 100, a list of the most important and influential providers in M2M and connected devices.
To read more of our Week in Review series, please use the following feed: www.safeguard.com/WeekInReview. Enjoy your weekend!
This post was written by John E. Shave III