Cority acquired by Thoma Bravo
May 2019
BlueJeans entered to an agreement to be acquired by Verizon, where BlueJeans will become part of the $30B Verizon Business team.
F5 Networks announces that it has entered into an agreement to acquire Shape Security. A leader in fraud and abuse prevention, Shape adds protection from automated attacks, botnets, and targeted fraud to F5’s world-class portfolio of application services, protecting customers’ digital experiences.
Norwest announces Norwest Venture Partners XV, a $2 billion fund and our largest to date, bringing the firm to $9.5B in capital under management.
June 2020
Microsoft acquires CyberX to accelerate and secure customers’ IoT deployments.
April 2020
BlueJeans entered to an agreement to be acquired by Verizon, where BlueJeans will become part of the $30B Verizon Business team.
January 2020
December 2019
F5 Networks announces that it has entered into an agreement to acquire Shape Security. A leader in fraud and abuse prevention, Shape adds protection from automated attacks, botnets, and targeted fraud to F5’s world-class portfolio of application services, protecting customers’ digital experiences.
November 2019
Norwest announces Norwest Venture Partners XV, a $2 billion fund and our largest to date, bringing the firm to $9.5B in capital under management.
September 2019
Shopify announces that it has reached an agreement to acquire 6 River Systems Inc., a leading supplier of collaborative warehouse fulfillment solutions.
August 2019
Health Catalyst (Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, celebrates its initial public offering.
May 2019
April 2019
Juniper Networks, an industry leader in automated, scalable and secure networks, announces that the company has entered into a definitive agreement to acquire Mist Systems, a pioneer in cloud-managed wireless networks powered by Artificial Intelligence (AI).
April 2019
Silk Road Medical (Nasdaq: SILK), a company focused on reducing the risk of stroke and its devastating impact, celebrates its initial public offering.
January 2019
TRUSTID, the leading provider of caller authentication and fraud prevention systems for contact centers, is acquired by Neustar, a trusted, neutral provider of real-time information services.
October 2018
LinkedIn has acquired Glint, a leader in employee engagement that helps people in organizations do their best work, develop their skills, and improve business results. Learn more.
June 2018
Workday, Inc. a leader in enterprise cloud applications for finance and human resources, signs a definitive agreement to acquire Adaptive Insights, a leading cloud-based platform for modernizing business planning, for approximately $1.55 billion.
May 2018
Google announces that it has entered into an agreement to acquire Israel-based Velostrata, a leader in enterprise cloud migration technology.
February 2018
Norwest announces Norwest Venture Partners XIV, a $1.5 billion fund and our largest to date, bringing the firm to $7.5B in capital under management. The firm also announces the promotions of Jon Kossow to Managing Partner, and Lisa Wu to Partner.
January 2018
Microsoft signs an agreement to acquire Avere Systems, a leading provider of high-performance NFS and SMB file-based storage for Linux and Windows clients running in cloud, hybrid and on-premise environments.
December 2017
The Colgate-Palmolive Company announces that it has agreed to purchase PCA Skin, a leader in medical-grade in-office and take-home skin care products.
December 2017
RealPage, Inc., a leading global provider of software and data analytics to the real estate industry, announces the closing of its acquisition of the assets related to the Lease Rent Options (LRO) business from The Rainmaker Group.
December 2017
ERT, a global data and technology company that minimizes uncertainty and risk in clinical trials, announces it has acquired iCardiac Technologies, a leading provider of centralized cardiac safety and respiratory solutions that accelerate clinical research.
July 2017
July 2017
Capsugel, a world leader in advanced oral dosage delivery technologies with a leading position in hard capsules, is acquired by Lonza.
June 2017
ShotSpotter (Nasdaq:SSTI), a company that uses sensors and software to detect gunfire for law enforcement and security services, celebrates its initial public offering.
April 2017
RetailMeNot, a leading savings destination connecting consumers with retailers, restaurants and brands, both online and in-store is acquired by Harland Clarke.
April 2017
Amobee, a subsidiary of Singtel, announces its acquisition of Turn, a leading provider of a global technology platform for marketers and agencies. The acquisition allows Amobee to offer marketers an independent, end-to-end advertising and data management platform across all channels, formats and devices.
January 2017
Radware, a leading provider of cyber security and application delivery solutions announces that it has acquired Seculert, a SaaS cloud-based provider of protection against enterprise network breach and data exfiltration.
January 2017
StorageCraft announces that it will acquire Exablox, provider of a cloud-managed, scale-out, object-based storage solution. The acquisition allows StorageCraft to address customers’ expanding data volumes and stringent uptime requirements.
December 2016
Leading fashion accessories brand Kendra Scott Design is recapitalized by Berkshire Partners.
December 2016
Crossover Health, a next-generation provider of employee healthcare that develops on-site and near-site health centers, announces its acquisition by Gurnet Point Capital. The partnership fuels the expansion of Crossover’s interactive, technology-enabled platform.
October 2016
iRhythm (Nasdaq: IRTC), a leading digital health care company redefining the way cardiac arrhythmias are clinically diagnosed, celebrates its initial public offering.
September 2016
Wal-Mart Stores, Inc. and Jet.com, Inc. announce they have entered into a definitive agreement for Walmart to acquire Jet for approximately $3 billion in cash. The deal positions Walmart for expanded e-commerce growth and customer reach.
September 2016
Apigee, a provider of API management, enters into a definitive agreement to be acquired by Google. By adding Apigee’s solutions to Google cloud, Google customers will accelerate the transition toward cloud, mobile and digital interaction with customers and partners via APIs.
September 2016
Oracle signs an agreement to acquire Palerra, extending Oracle Identity Cloud Service with an innovative Cloud Access Security Broker (CASB). Together, Oracle and Palerra help accelerate cloud adoption securely by providing comprehensive identity and security cloud services.
March 2016
Clarus Commerce, a pioneer of pre-paid shipping and the cashback movement, is acquired by Trivergance to further scale the platform.
March 2016
Cloud infrastructure-as-a-Service (IaaS) company Ravello Systems is acquired by Oracle, joining in Oracle’s IaaS mission to allow customers to run any type of workload in the cloud.
January 2016
Norwest announces Norwest Venture Partners XIII, LP, its third consecutive $1.2B fund. Bringing the firm’s total capital to approximately $6 billion, the latest fund will allow Norwest to continue its pursuit of next generation early- to late-stage venture and growth equity investments across a wide range of sectors and geographies.
December 2015
Pertino, a pioneer in cloud-based networking for enterprises, is acquired by Cradlepoint, a leader in software-defined 4G LTE network solutions.
December 2015
Misfit Wearables, an inventor and manufacturer of premium wearable computing products, is acquired by Fossil Group for $260 million.
September 2015
Software-defined video processing solutions leader Elemental Technologies is acquired by Amazon Web Services for $296 million.
August 2015
The Retail Equation, a leader in predictive analytics for retail businesses, is acquired by Appriss to strengthen its efforts in fighting fraud and mitigating risk.
August 2015
Big data discovery leader 1010data is acquired by Advance for $500 million.
May 2015
Cyan Inc. (NYSE: CYNI), a leading provider of SDN, NFV, and packet-optical solutions for network operators, is acquired by Ciena (NYSE: CIEN).
April 2015
Apigee® (Nasdaq: APIC), developer of an intelligent API platform for digital business, celebrates its initial public offering.
March 2015
Uber acquires deCarta, the leading independent location-based services (LBS) platform company.
March 2015
SolarEdge Technologies, Inc. (“SolarEdge”) (Nasdaq: SEDG), a global leader in PV inverters, power optimizers, and module-level monitoring services, celebrates its initial public offering.
January 2015
AdChina, China’s largest independent digital advertising technology platform whose services and products are used by hundreds of digital marketing agencies, advertisers and companies, is acquired by Alibaba Group Holding Ltd. (NYSE: BABA).
2015
true[X] media, a leading video advertising company specializing in consumer engagement and on-demand marketing campaigns, is acquired by 21st Century Fox.
December 2014
Norwest celebrates a landmark year with 11 notable liquidity events, the launch of our $1.2B fund, a new San Francisco office, and 23 companies joining the Norwest community.
December 2014
Perseverance pays off. Norwest’s seed investment in Lending Club (NYSE: LC), the world’s largest online marketplace connecting borrowers and investors, translates to one of the top IPOs of 2014.
October 2014
Norwest announces the opening of its new office in San Francisco’s South of Market District.
Watch a drone video featuring the office.
August 2014
Snowman Logistics Limited, an integrated temperature-controlled logistics service provider in India, goes public on the Bombay Stock Exchange and the National Stock Exchange of India.
July 2014
Intersect ENT, Inc. (Nasdaq:XENT), a commercial drug-device company committed to improving the quality of life for patients with ear, nose and throat conditions, celebrates its initial public offering.
July 2014
Hadoop-based adaptive analytical platform company Hadapt is acquired by Teradata.
June 2014
MobileIron (Nasdaq: MOBL), the leader in mobile enterprise security, celebrates its initial public offering.
June 2014
High definition satellite imagery company Skybox Imaging is acquired by Google for $500 million.
May 2014
Norwest announces Norwest Venture Partners XII, LP, a $1.2B fund targeting early to late-stage venture and growth equity investments, bringing the firm’s total capital and commitments to approximately $5 billion.
April 2014
Leading technology provider to the global travel and tourism industry Sabre Corporation (Nasdaq: SABR), celebrates its initial public offering.
March 2014
Forbes names Promod Haque a “hall of fame investor” and Norwest is ranked #6 as a firm with the most exits over $200M in 2013.
March 2014
Music intelligence platform company The Echo Nest is acquired by Spotify.
February 2014
Personalized entertainment discovery solutions company Veveo is acquired by Rovi.
January 2014
Apple acquires low-power wireless semiconductor company Passif, Palo Alto Networks acquires cybersecurity company Morta Security, and Norwest executes the partial sale of shares of India financial services company Shriram City Union Finance Ltd (NSE: SCUF).
October 2013
Leading global managed and cloud-based network services company Virtela is acquired by NTT Communications for $525 million. Virtela was founded and incubated by Vab Goel, general partner, who also served as founding CEO and chairman. Promod Haque is a founding investor, having provided the initial funding to the company.
October 2013
Fraud detection leader 41st Parameter is sold to Experian for $324 million.
September 2013
Cyber security leader FireEye (Nasdaq: FEYE) celebrates one of the most successful initial public offerings in 2013, with Norwest as an early-stage investor.
July 2013
Norwest is the lead investor in the world’s largest digital coupon destination, RetailMeNot (Nasdaq: SALE), which has a successful initial public offering.
June 2013
Israel-based storage management software company ScaleIO is acquired by EMC.
May 2013
Cyan, a global supplier of software-defined networking (SDN) solutions, opens for trading on the New York Stock Exchange (NYSE) under the ticker symbol “CYNI” after its initial public offering.
January 2013
Norwest strengthens its leadership team with the promotions of Jeff Crowe and Matthew Howard to managing partner roles.
November 2012
Travel search engine company KAYAK is acquired by Priceline for $1.8 billion.
June 2012
Highly integrated power management solutions company Summit Microelectronics is acquired by Qualcomm.
June 2011
Online advertising company Admeld is acquired by Google for $400 million.
2011
Norwest celebrates its 50th anniversary.
November 2010
Mobile game publisher ngmoco Inc. is acquired by DeNA in November for approximately $400 million, and Playdom Inc., a leader in the online social gaming space, is acquired by The Walt Disney Company in August for approximately $764 million, a combined transaction value in excess of $1 billion.
May 2010
Omneon, a leading provider of scalable media server and active storage systems, is acquired by Harmonic at a deal valued at approximately $306 million, while Jigsaw, a leading provider of business information and data services, is acquired by Salesforce.com for $142 million.
April 2010
Cast Iron Systems, a SaaS/cloud integration company is acquired by IBM, and Persistent Systems has a successful public offering on the Bombay Stock Exchange and National Stock Exchange of India (Norwest’s first direct investment in India).
2010
Norwest revives its healthcare practice with an emphasis on growth equity and late- stage venture investments. Norwest hires two partners to spearhead this practice—Dr. Ryan Harris and Casper de Clercq.
November 2009
Norwest begins investing out of its largest fund to date, Norwest Venture Partners XI (NVP XI), a $1.2 billion fund.