While we're primarily focused on Chicago's innovation economy, we also have our eyes on all of the startup and tech activity happening throughout the entire Midwest. Here are the major tech fundings, acquisitions, mergers, moves and IPOs that went down in the region in December. See all Midwest Reports here.
12/2: Chicago-based private equity firm Flexpoint Ford acquired Atlanta-based Purchasing Power, a voluntary benefit company. Terms of the deal were not disclosed.
12/5: Minnetonka, Minnesota-based MedNet Solutions, a provider of eClinical and Electronic Data Capture solutions for clinical trial management, raised $16.5 million funding from Arrowroot Capital and Cohesive Capital Partners.
12/6: Chicago-based private equity firm Thoma Bravo agreed sell Herndon, Virginia-based Deltek, a provider of enterprise software, ERP (enterprise resource planning) and information business solutions for services firms and government contractors, to Roper Technologies for $2.8 billion.
12/7: David Bellaire joined Chicago-based private equity firm Waud Capital Partners as an operating partner. Previously, he was a senior advisor with Bain & Company.
12/8: Papillion, Nebraska-based Infogroup, a provider of data, analytics and marketing services, reportedly hired Bank of America to sell itself. According to the Wall Street Journal, the deal could bring in anywhere between $700 million to $800 million.
12/9: Cleveland, Ohio-based Emanate Wireless, a provider of healthcare IT services, raised $1.5 million in funding. Investors were not disclosed.
12/9: Minnesota-based 3M, the maker of Scotch tape and Post-it notes, announced that it will sell its identity management business to Amsterdam-based Gemalto, a digital security company, for $850 million.
12/9: Chicago-based RCP Advisors, a lower mid-market fund-of-funds manager, raised $257 million for its 11th fund, according to an SEC filing.
12/12: Bozeman, Montana-based Blackmore Sensors and Analytics Inc., a developer of Lidar engines, raised a $3.5 million Series A. The round was led by Next Frontier, with participation from Millennium Technology Value Partners.
12/13: Milwaukee, Wisconsin-based Infosoft, a provider of regulatory compliance and recruitment solutions, was recapitalized by and received investment from Gauge Capital. Terms of the deal were not disclosed.
12/13: St. Louis-based Contegix, a provider of cloud computing, colocation, and managed hosting solutions, acquired Kansas City-based Admo.net Web Services, a cloud and managed services provider.
12/14: St. Louis-based Coolfire Solutions, a mobile app development studio that develops software and assets for the defense, military, and intelligence communities, raised an undisclosed amount of funding from Clayton Venture Group. Clayton is the venture capital arm of Enterprise Holdings, the car rental company.
12/15: St Louis-based venture capital firm RiverVest Venture Partners raised $15 million for its new seed fund, according to an SEC filing.
12/21: Coralville, Iowa-based Vida Diagnostics, a provider of precision pulmonary imaging, raised $5.1 million in funding. The round was led by Chartline Capital Partners, with participation from Rittenhouse Ventures, Next Level Ventures, Rural Vitality Fund II, Iowa Seed Fund, and Northern California Investment Fund.
12/21: Lake Forest, Illinois-based Green Courte Partners, a real estate investment firm, raised $503 million for its fourth fund.
12/23: Chicago-based private equity firm Frontenac Company sold Atlanta-based H-E Parts International, a maker of aftermarket parts and components for the mining, heavy construction and energy sectors, to Hitachi Construction Machinery Co. Terms of the deal were not disclosed.
(Image via flickr)
