Conning Capital Partners Invests in GlobalView
For Immediate Release
December 4, 2003
Hartford, CT--Conning Capital Partners (now CCP Equity Partners, "CCP"), a private equity group, led a substantial equity investment in GlobalView Software Inc., the leading provider of data management solutions for global energy markets. The Series B round of financing totaled $5,520,000. CCP invested $5,000,000.
Other investors in this round also includes follow-on investment from Dodi Ventures LLC, an affiliate of Dodi Management LLC, and Prosperitas Investment Partners Inc., a Private Equity Fund located in Louisville, Kentucky. George Doherty, Principal, and David W. Young, Partner, of CCP Equity Partners will join GlobalView’s Board of Directors.
“The quality of GlobalView’s team and the compelling value proposition of their technology have positioned them to further their lead as providers of powerful data management solutions for global energy markets.” said George Doherty, Principal, CCP Equity Partners. “We have a great deal of confidence in GlobalView’s existing solutions and believe that MarketView will soon become the product of choice for energy market data management. We want to be part of bringing this solution to the energy industry.”
GlobalView recently launched the high performance web-based product MarketView® for use throughout the energy industry. MarketView sets a new standard in energy data management and operational efficiency by delivering and displaying two-way real time streaming data allowing clients to use this information throughout the enterprise. This flexible, web-enabled Java product works via network, intranet and the Internet. MarketView offers one source for comprehensive energy information shared seamlessly throughout the enterprise with full connectivity into back-end office systems, including risk management and billing systems. The solution is composed of a series of information display components, with a powerful framework that provides a highly flexible and personalized interface for data viewing and analysis. Its market leading instant messaging functionality lets users communicate and share information to better formulate strategies with private or enterprise-wide chats including attachment of real-time quotes, charts, tables, and news components.
“This new financing further validates GlobalView’s business plan and product development strategies. We are very pleased to have Conning Capital Partners participate in the recent financing and demonstrate their confidence in our approach.” Jon Olson, CEO, GlobalView Software Inc. added.
About GlobalView Software Inc.-
GlobalView Software Inc., based in Chicago, Illinois, with offices in Houston, Stamford, Washington D.C., London, and Singapore, is continually changing the way companies manage and access real-time streaming and historical market data from it’s signature desktop solution, GlobalView, to its latest web-based product, MarketView. GlobalView allows customers to optimize their use of information and lowers client’s total cost of ownership by aggregating mission-critical information into one consistent framework and then integrating the information into enterprise-wide solutions. GlobalView software products, information services and consulting services are developed using state-of-the-art technologies and best practices. For further information on MarketView and other GlobalView solutions please visit www.gvsi.com.
About CCP Equity Partners-
CCP Equity Partners (“CCP”), formerly Conning Capital Partners, is a leading private equity firm providing growth capital to innovative financial services and healthcare services companies. In partnership with high quality management teams, CCP shapes strategy by leveraging its operating skills, deep industry experience and extensive networks to drive value and accelerate growth. Founded in 1985, CCP currently manages more than $500 million and has completed over 70 investments. For more information, go to www.ccpequitypartners.com.