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Subscribe to Future Reports Forward this message to a friend Follow us on: 05.07.15 - Capital Flows in the Technology Sector - Issue 55 It has been another active week within the tech sector. Telecom equipment maker, Ciena Corp. acquired Cyan Inc in an effort to boost its SDN and NFV portfolio. Google was also in the news acquiring Timeful, a startup that makes scheduling easier for users. Zenefits, a growing SaaS business within the human resource services space, raised $500M at a $4.5B valuation.. Cloud Security Growth Will Be Driven By SDN, NFV Cloud security reported strong growth in 2014 says a news report by Infonetics Research, which showed that the cloud security services market grew by 13.5% last year to $7.2B worldwide. "Our long-term outlook for the already very large cloud and CPE managed security services market, especially for cloud services, is quite strong as providers begin to leverage their software-defined networking (SDN) and network functions virtualization (NFV) rollouts to really scale the delivery of managed security services," said Jeff Wilson, research director for cybersecurity technology at Infonetics Research. Learn more about the article 05.06.15 - Pitney Bowes Agrees to Buy Borderfree For $395 Million The Stamford, Conn. based Pitney Bowes is known for providing mail and document services, but has been trying to move into software and digital commerce services. Borderfree helps retailers with international online

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05.07.15 - Capital Flows in the Technology Sector - Issue 55

It has been another active week within the tech sector. Telecom equipment maker,Ciena Corp. acquired Cyan Inc in an effort to boost its SDN and NFV portfolio.Google was also in the news acquiring Timeful, a startup that makes schedulingeasier for users. Zenefits, a growing SaaS business within the human resourceservices space, raised $500M at a $4.5B valuation..

Cloud Security Growth Will Be Driven By SDN, NFV

Cloud security reported strong growth in 2014 says a news report by InfoneticsResearch, which showed that the cloud security services market grew by 13.5% lastyear to $7.2B worldwide. "Our long-term outlook for the already very large cloud andCPE managed security services market, especially for cloud services, is quite strongas providers begin to leverage their software-defined networking (SDN) and networkfunctions virtualization (NFV) rollouts to really scale the delivery of managed securityservices," said Jeff Wilson, research director for cybersecurity technology atInfonetics Research.

Learn more about the article

05.06.15 - Pitney Bowes Agrees to Buy Borderfree For $395Million The Stamford, Conn. based Pitney Bowes is knownfor providing mail and document services, but hasbeen trying to move into software and digitalcommerce services.

Borderfree helps retailers with international online

Page 2: Bois capital weekly issue 55

shopping services. The acquisition makes sensefor Pitney Bowes as it identified cross-bordercommerce as one of the growth areas.

Wall Street Journal

05.06.15 - Zenefits Just Raised $500 Million At a $4.5Billion Valuation Zenefits raised $500M in a round led by Fidelityand TPG at a $4.5B valuation.

The company allows small and medium sizedbusinesses to manage human resource servicesand is one of the fastest growing SaaS business.

Capital Raised: $500 MillionValuation: $4.5 Billion

Techcrunch

05.06.15 - App Annie Acquires Mobile MeasurementService Mobidia

Mobile App intelligence platform, App Annie,announced that it has acquired Mobidia, a mobilemeasurement service.

The deal comes as App Annie looks to expand itsinternational operations in 60 countries for both iOSand Android.

Techcrunch

05.05.15 - PTC to Acquire Big Data Machine Learning andPredictive Analytics Leader ColdLight PTC announced it has signed a definitiveagreement to acquire ColdLight, a big datamachine learning and predictive analyticscompany, for approximately $105M.

The news comes as PTC looks to expand its

Page 3: Bois capital weekly issue 55

technology portfolio and extend its position as theleader in the growing IoT market.

PTC.com

05.05.15 - Twilio Raises A $70M Series D As They ConsiderAn IPO Twilio, the company whose APIs help developersadd SMS, Voice, and VoIP functionality to theirapplications, has closed a Serie D round of $70M.

The round was led by Redpoint Ventures andexisting investor Bessemer Venture Partners.

Capital Raised: $70 Million

Techcrunch

05.04.15 - Ciena To Buy Cyan For $400 Million Telecom equipment maker, Ciena Corp, agreed tobuy Cyan Inc. in a cash and stock deal of about$400M. Cyan Inc. provides software and platformsfor network operators. The deal will boost CienaCorp's portfolio of Software Defined Networking(SDN) and Network Function Virtualization (NFV)products.

Wall Street Journal

05.04.15 - Google Acquires Timeful To Bring SmartScheduling To Google Apps Google has acquired Timeful, a startup designed tomake scheduling easier. Timeful's features such asanalyzing schedule will be integrated into GoogleApps going forward.

Timeful takes your existing schedule, add thingsyou need to get done, weighs the importance ofthose things, and finds time for you to do those

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things.

Techcrunch05.04.15 - Rapid7 acquires a California app security testingfirm Cybersecurity and analytics software provider,Rapid7, acquired web and mobile applicationsecurity testing company NTObjectives.

The deal will allow Rapid7 to provide informationsecurity teams the ability to assess risks andmitigate them.

BizJournals

04.30.15 - Sprinklr Expands into South America withAgreement to Acquire Scup Sprinklr Inc, an enterprise social technologycompany, acquired Scup, a Brazilian company thatprovides social media monitoring and analyticstechnology.

“Global brands today require a truly global solutionto reach today’s connected customer. With morethan 78 million socially active Brazilians on socialnetworks, our move to Brazil was necessary tosupport the global marketing needs of ourcustomers” said Ragy Thomas, CEO and founderof Sprinklr.

BusinessWire

04.30.15 - ClickSoftware to Be Bought by FranciscoPartners for $438 Million ClickSoftware is an Israeli company that developssoftware for workplace management. FranciscoPartners paid $12.65 a share, a 29% premium onClickSoftware's closing price.

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“We are excited to partner with Francisco Partners,a firm with an established track record of workingwith companies transitioning to Cloud and withcompanies in relevant verticals to ClickSoftware,”ClickSoftware's Chief Executive Moshe BenBassatsaid.

Wall Street Journal04.30.15 - Big Data Start-Up Rocana Raises $15M FromGoogle Ventures & General Catalyst Root cause analytical software provider, RocanaInc., raised a $15M round of Serie B investment ledby Google Ventures and General Catalyst.

Rocana Inc. develops domain specific machinelearning and analytics that guide users tothe causes of complex issues across data centersand cloud.

Capital Raised: $15 Million

StreetInsider

Bois Capital is a technology-focused independent investment bank that providesfinancial advice on significant mergers and acquisitions. The Bois Capital team hasextensive international corporate finance experience and international, senior levelconnections in the technology sector, including cloud, software, IT services, digitalmedia, wireless, networking, and big data/analytics.

Contact us today to confidentially discuss your company's corporate financeobjectives.

New York745 Fifth Avenue, Suite 500New York, New York 10151

California620 Newport Center Drive, Suite 1100Newport Beach, California 92660

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(212) 920-6729 Ben BoissevainManaging Partner(212) 920-6729, [email protected] Peter BenedictManaging Partner(212) 920-6729, [email protected] Felipe OsorioAssociate(212) 920-6729, [email protected] Salman BakhraniAssociate(212) 920-6729, [email protected]

(949) 274-4353 Tarang ShahManaging Partner(949) 274-4354, [email protected]

Nasier EmtiazAssociate(949) 274-4354, [email protected]

The Bois Capital Weekly Report is written by Sal Bakhrani, Associate.

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