FORTUNE -- Goldman Sachs (GS) has agreed to acquire a minority equity stake in AvePoint, a New Jersey-based provider of big data management, governance and compliance software for social collaboration platforms like Microsoft Sharepoint. We have not yet learned any financial terms of the deal, which was first disclosed in a Federal Trade Commission document.
Current AvePoint shareholders include private equity firm Summit Partners, which acquired a minority equity stake seven years ago for an undisclosed amount. It is unclear if Summit plans to sell any, or all, of its position to Goldman.
AvePoint was founded in 2001, and reports more than 13,000 clients in such industries as energy, financial services, healthcare and government. A company spokesman confirmed the agreement with Goldman, saying that expectations are that it will close within the next week (pending final regulatory approval).
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Rhode Island's public pension system has to make a decision on a legacy firearms investment.
FORTUNE -- Later this month the Rhode Island State Investment Commission will hold its regular monthly meeting, during which it may decide to launch a secondary sale process for its limited partnership position in a private equity fund managed by Wellspring Capital Management. At issue is Wellspring's investment in United Sporting Companies, a South Carolina-based wholesale MOREDan Primack - Jun 7, 2013 1:04 PM ET
Google pays big to get into the social marketing biz.
FORTUNE -- Google (GOOG) yesterday announced that it had acquired social marketing company Wildfire Interactive, apparently after previously losing out on Buddy Media to Salesforce.com (CRM). A few notes, based on conversations with folks close to the situation:
1. How much? The reported sale price is $250 million, but multiple sources tell me that the total deal is valued at around $400 million MOREDan Primack - Aug 1, 2012 10:31 AM ET
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