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Active Portfolio

Since 1976 we have had over 250 successful businesses (IPOs or $250M+ acquisitions) across 11 funds. We are currently making new investments from our $285M Fund 11, and follow-on investments from our $385M Fund 10.

COMPANY BUSINESS CO-INVESTORS
AMECSemiconductor manufacturing equipment in ChinaRedpoint, Walden, Interwest, Lightspeed, Goldman Sachs, Shanghai Venture Capital
ApigeeAPI managementBlackRock, Accenture, Norwest, SAP Ventures, Juniper Networks, Third Point Ventures
BoardVantageSecure board portals for corporate board membersFoundation Capital
Code Green NetworksData Loss Prevention (DLP)Sierra Ventures
CovestorSaaS company offering a market place for alternative assetsUnion Square Founders, Amadeus, Spark Capital
DropCamVideo monitoring and securityPending acquisition by Google
Engine YardOpen source, PaaS for Ruby on Rails, PHPLimelight Networks, Benchmark Capital, NEA, Amazon.com
Enphase EnergyMicroinverters for solar panelsRockport, Madrone, Third Point, Kleiner Perkins Caufield & Byers
Envia SystemsEnergy storageRedpoint, General Motors, Pangaea Ventures
EventfulWorld's largest database of live eventsDraper Fisher Jurvetson, Edventure Holdings
Grand Junction3PL and SaaS for managed transportation servicesAlloy Ventures, Questmark
Interact Public Safety SystemsSoftware and systems for 911 dispatchFoundation Capital, Shea Ventures, SilkRoad Equity
LendingClubPeer to peer lendingUnion Square Ventures, Morgenthaler, Norwest Venture Partners, Foundation Capital, Canaan Partners
Mimoni (formerly Finestrella)MVNO (mobile virtual network operator) in MexicoOmidyar Network, Ignia
MuleSoftOpen source middlewareMorgenthaler, Hummer Winblad, Lightspeed
OncoMedCancer therapeuticsUSVP, Morgenthaler, Adams Street Partners, The Vertical Group, Delphi Ventures, Normura Phase4 Ventures, Latterell Ventures
RS LiveMediaAdvertising network with LCD screens in captive environments in IndiaDraper Fisher Jurvetson, Samsung
SonatypeOpen source software artifact managementAccel Partners, Morgenthaler, Hummer Winblad
XactlySaaS for precise fine-grained salesforce incentives and compensationBridgescale Partners, Rembrandt Ventures, Outlook Ventures, Alloy Ventures, European Founders Fund
FinancialContentSyndicated financial and business content for publishersNone
VaxartPlatform for oral vaccinesCare Capital
YaptaTravel ecommerceConcur Technologies, First Round Capital, Voyager Capital
Junglee GamesTechnology for casino and gaming corporationsMaltbury, 500 Stratups

   

Greatest Hits

COMPANY BUSINESS OUTCOME
Brocade CommunicationsStorage networking switchesIPO - NASDAQ: BRCD
Buddy MediaSocial Media Monitoring and Marketing ToolsAcquired by Salesforce
Cornerstoneon-demand talent managementIPO
Digital IslandLow-latency IP network for mission-critical applicationsAcquired by Cable & Wireless
DynatraceAPM (application performance management) solutionsAcquired by Compuware
EloquaSaaS for marketing automationIPO - Later acquired by Oracles
ExcelanSmart Ethernet cardsIPO - Later acquired by Novell
Exodus CommunicationsInternet hosting servicesIPO
G2OneTraining and development softwareAcquired by SpringSource
Geoworksoperating softwareIPO
Guidewire SoftwareTransaction and policy systems for insurance companiesIPO
InformaticaData warehousing and management softwareIPO - NASDAQ: INFA
Like.comprice comparison visual search engineAcquired by Google
MacromediaWeb development & graphics softwareIPO - Later acquired by Adobe
MaxtorHard drives and other storage productsIPO - Later acquired by Seagate
NCM Services (formerly Geoworks)Operating systems and software for consumer computingIPO
Protocol SystemsPortable patient monitoring equipmentIPO - Later acquired by Welch Allyn
Red Brick SystemsRelational database software for data warehousingIPO - Later acquired by Informix, now part of IBM
ShivaRemote-access serversAcquired by Intel
SonicWALLFirewalls and network securityIPO - Later taken private, then acquired by Dell
SpringSourcesupport and development for Spring-related productsAcquired by VMWare
Tealeafdigital consumer experience management and behavioral analysis softwareAcquired by IBM
WebLogicApplication servers & transaction systemsAcquired by BEA, now part of Oracle
ZenpriseMobile Device Management (MDM) solutionsAcquired by Citrix

   

Past Successes

COMPANY BUSINESS OUTCOME
ArixComputers and hardwareIPO
Boxer CrossSemiconductor manufacturing equipment (metrology systems)Acquired by Applied Materials
CAE SystemsComputer-aided engineering workstationsAcquired by Tektronix
Calera Recognition SystemsOptical character recognition softwareAcquired by Caere, now part of Nuance
CardiometricsIntravascular medical devices for coronary artery diseaseIPO - Later acquired by EndoSonics
Concerto SoftwareContact center solutionsMerged with Aspect Communications
Concord CommunicationsNetwork management softwareAcquired by CA
ConvoyPeopleSoft data migration toolsAcquired by NEON
Electronic LightingEnergy-efficienct ballasts, controls, and lighting systemsMerged with Lumion
E-mu SystemsDigital sample-based musical instruments and audio solutionsAcquired by Creative
EverexPersonal computers and backup systemsIPO - Listed on Taiwan Exchange
Exel MicroelectronicsProgrammable logic devicesAcquired by Exar
ExtricityB2B e-commerce softwareIPO - Later acquired by Peregrine Systems
iCatE-commerce softwareAcquired by Intel
Intraspect SoftwareCollaboration & knowledge management softwareAcquired by Vignette, now part of OpenText
Lumension SecurityManagement of patches, upgrades, security across the enterprise for all major products and OS'sAcquired by Clearlake Capital
(Patchlink)
MagellanGPS-based navigation systemsAcquired by Thales Navigation
Metaphor Computer SystemsWorkstations and mainframe retrieval/analysis systemsAcquired by IBM
Molecular SimulationsMolecular modeling and computer-aided chemistry softwareAcquired by Pharmacopia
Mountain ComputerMainframe storage servicesAcquired by Nakamichi
Nanogram DevicesMedical devices leveraging nanomaterials synthesisAcquired by GreatBatch
NetBoostNetwork policy management hardware and softwareAcquired by Intel
NetDialogSelf-service customer supportAcquired by Kana Communications
NetlinkProtocol converters for connecting IBM & non-IBM networking hardwareAcquired by Cabletron Systems
NetManageWindows communications software and development toolsAcquired by Micro Focus International
NetScalerApplication delivery controllers (ADCs)Acquired by Citrix Systems
Nuera CommunicationsTrunking media gatewaysAcquired by AudioCodes
Octel CommunicationsModular voice-processing systems for enterprisesIPO - Later acquired by Lucent
PillarEnterprise software for budgeting/forecastingAcquired by Hyperion Software
PlacewareWeb conferencing softwareAcquired by Microsoft
PMC-SierraCommunications and storage chipsIPO - NASDAQ: PMCS
Raster GraphicsHigh-performance, large-format printing systemsIPO - Later acquired by OCE
SilverStorm TechnologiesHigh-performance interconnect fabrics for cluster & grid computingAcquired by QLogic
SpectrianPower amplifiers for wireless infrastructure equipmentAcquired by REMEC
VersataB2B application development softwareIPO - Later acquired by Trilogy
WavtraceLMDS broadband wireless technologyAcquired by Harris
Wayfarer CommunicationsPortals and web information deliveryAcquired by Vantive
eConvergentWeb-based CRM softwareAcquired by Seurat Company
JRG SoftwareProduction scheduling software for packaged goods companiesAcquired by CDC Software
Moonlight SystemsAutomated server management softwareAcquired by PatchLink
NewMarkets InternationalWeb-based forex payment servicesAcquired by Commonwealth Foreign Exchange
North SystemsMulti-channel B2B e-commerce softwareAcquired by OnDemand
PixoMobile content and application provisioning softwareAcquired by Sun Microsystems
SportvisionSports content enhancement solutionsAcquired by ChiTech Software
Thinque SystemsMobile applications for salesforce automationAcquired by MEI