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Updata Partners

Company

Investment-firm

Financing round

General

About Company
Updata Partners provides growth equity and operating expertise to technology market leaders.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1998

Number of employees

IPO status

Private

Description

With over $1.5 billion in committed capital, Updata Partners is a private equity growth firm that invests in high-growth B2B software and software-driven businesses across the United States. Their investment team, averaging over 25 years of technology experience, collaborates with management teams to build companies that stand out in their markets. Since its inception in 1998, Updata has provided growth equity funding to over 40 leading technology companies, specializing in private equity, seed-stage, early-stage, growth-stage, and later-stage investments.
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Financials

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Date 
name 
Lead 
type 
Raised 
07.12.2023
Yes
$40.48M
Local Amount - CAD 55M
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Co-Investors
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Ruby Receptionists acquired by Updata Partners

Ruby Receptionists acquired by Updata Partners

acquirer

Updata Partners
Updata Partners

date

01.01.2014

type

Acquisition
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People

Founders
4
Barry Goldsmith
Barry Goldsmith

Barry Goldsmith

Barry Goldsmith is a general partner at Updata Partners.

organization founded

1

Barry Goldsmith

Conor Mullett
Conor Mullett

Conor Mullett

Conor Mullett is a co-founder and General Partner of Updata Partners based in the Edison, NJ office. Since joining the Updata team in 1999, Mr. Mullett has been actively involved in building the Updata Partners organization and partnering with entrepreneurially driven, high-growth IT companies. Mr. Mullett serves or has served as a director or observer on the boards of Updata Partners portfolio companies: GetPaid (sold to Sungard), eSecurity (sold to Novell:NOVL), ContextWeb, ForeSee Results, iContact, Management Dynamics, Netkey and OrderMotion. Prior to joining Updata, Mr. Mullett was a Senior Vice President with William E. Simon & Sons, a New Jersey and California-based private equity firm founded by the former Treasury Secretary, where he focused on developing the firm's IT investment strategy, and earlier with GE Capital.

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1

Ira Cohen

John Burton
John Burton

John Burton

John Burton is the Chief Executive Officer at Nintex since 2013. John joined Nintex as Chief Executive Officer after working closely with the company during its expansion planning and its significant financing event with TA Associates and Updata Partners in 2013. In a notable career in the technology and software industry, John has founded high-growth software firms, co-founded both a highly successful growth equity fund and a leading M&A advisory firm; and served on several public and private boards of directors. John began his career at Cullinane Corporation, the first NYSE-listed software company. Immediately prior to Nintex, John was a General Partner and Co-Founder of Updata Partners (updata.com), a $500 million technology growth equity fund. John led highly successful investments in firms in several software and digital sectors and worked closely with the management teams in building sustainable market leaders. In prior operating roles, John served as Chief Executive Officer at LEGENT Corporation, a market-leading public firm that grew from $100 million to more than $500 million in sales in five years, leading to a cash transaction nearing $2 billion. Prior to that, John co-founded BST, Inc. and led the company to 50 percent Compound Annual Growth Rate from its bootstrapped origins to the sector leader working with many industry-leading partners, culminating in a highly successful combination with LEGENT Corporation, where he became the Chief Executive Officer. As an expert in strategy and positioning, John has complemented strong organic growth with acquisition and been involved with more than 30 M&A events and IPOs. John has served on many public and private boards of directors, including Nintex, Coaxis, Interactions, Numara, OTG Software, MapInfo and Banyan Systems, among others. Active in the technology community, John is the Chairman of the MidAtlantic Venture Association (MAVA) and a Co-Founder of the Northern Virginia Technology Council (NVTC), which in 2013 presented him with its Hall of Fame Award for his contributions to the capitol region throughout his career. John holds a Bachelor of Arts degree with honors from Boston College.

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Employee Profiles
66
Jim Liang

Jim Liang

Operating Partner

Catherine Salamone

Catherine Salamone

Associate

Stephen Halsch

Stephen Halsch

Senior Fund Accountant

Alexandra Manfull

Associate

Cam Salem

Cam Salem

Vice President

N Cameron Salem

Senior associate

David Liao

Associate

Jesse Phillips

Jesse Phillips

Senior Associate

Activity

Recent News
7
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