Performance Equity Management

Performance Equity Management, LLC, established in 2005 and headquartered in Greenwich, Connecticut, is a private equity and venture capital firm that operates as the investment arm of Performance Equity Associates, LLC. The firm specializes in various investment strategies, including direct investments, co-investments, secondary investments, and fund of funds. It targets sectors such as insurance, software and services, telecommunications, commercial services, and consumer durables. For direct investments, Performance Equity Management typically engages in late-stage financing and mid-market buyouts, with investment amounts ranging from $15 million to $50 million, and potentially higher for select opportunities. In venture capital, it seeks investments between $5 million and $20 million. The firm also manages fund of funds investments, focusing on buyouts, venture capital, and special situations, with allocations between $20 million and $100 million. Performance Equity Management emphasizes global co-investment opportunities, particularly in the United States, Israel, and Western Europe, and serves institutional clients worldwide.

Jeffrey Barman

Chief Investment Officer, Managing Director and Investment Committee Member

Keith Brocker

Principal

John Clark

President and Investment Committee Member

Marcia Haydel

Managing Director and Investment Committee Member

Jeffrey A. Reals

Managing Director, Performance Equity and Investment Committee Member

Lawrence Rusoff

Managing Director and Investment Committee Member

James S. Tybur

Managing Director and Investment Committee Member

11 past transactions

Complete Merchant Solutions

Private Equity Round in 2016
Complete Merchant Solutions LLC is a provider of electronic payment solutions, facilitating the processing of major credit and debit cards, gift and loyalty cards, ACH, remote deposit capture, and other non-cash payment methods. Founded in 2008 and based in Orem, Utah, the company offers a range of integrated point-of-sale software, terminals, and e-commerce solutions tailored for diverse industries including retail, healthcare, education, and hospitality. Its product lineup includes Complete Mobile Pay for mobile transactions, Orange point-of-sale with inventory and attendance management tools, SLYCE Plug-In for integrated payments, and SLYCE Gateway for analytics and reporting. Additionally, CForce provides an online portal for sales and merchant data management. Complete Merchant Solutions serves a wide array of sectors, making it a versatile choice for businesses seeking efficient payment processing options.

TUNE

Series B in 2015
TUNE, Inc. develops and provides a cloud-based platform for building and managing marketing partnerships for advertisers and networks. It offers migration, onboarding, development, and consulting services. The company’s clientele include Shopify, Groupon, Chewy, Credit Sesame, Rackspace, Grammarly, FabFitFun, A4D, Applift, Fyber, PeerFly, and Tapjoy. It has strategic partnerships with AffiliTest, Billoid, Tipalti, Invoca, UnsubCentral, and FraudShield. The company was formerly known as HasOffers, Inc. and changed its name to TUNE, Inc. in July 2014. TUNE, Inc. was founded in 2009 and is headquartered in Seattle, Washington. As of May 19, 2020, TUNE, Inc. operates as a subsidiary of Perseus Operating Group.

Adroll

Series C in 2014
NextRoll Inc. is a marketing and data technology company with a mission to accelerate growth for companies, big and small. Our proprietary data and machine learning powers data-driven marketing for over 37,000 customers. We empower growth through our three business units: AdRoll, a growth platform for ambitious DTC companies, RollWorks, an account-based platform for ambitious B2B companies, and NextRoll Platform Services, a marketing-technology-as-a-service offering that enables businesses the flexibility to build and enhance their marketing solutions. NextRoll Inc. is a privately-held company headquartered in San Francisco, CA NextRoll is headquartered in San Francisco, with offices in Boston, Chicago, Dublin, New York, Salt Lake City and Sydney.

EdgeCast

Series D in 2013
EdgeCast is a content delivery network (CDN) that provides solutions for accelerating the delivery of both static and dynamic content to users globally. The company has expanded its offerings to include web performance services, front-end optimization, DNS, and eCommerce CDN products. With a diverse client base that includes notable names like Yahoo!, Tumblr, Pinterest, Twitter, WordPress, and Hulu, EdgeCast serves approximately 6,000 customers and handles around 6% of global Internet traffic. Recognized for its rapid growth, EdgeCast was ranked as the fastest-growing Internet company in America and the fastest-growing company in Los Angeles by Deloitte in their 2012 "Fast 500" list.

Kabam

Series D in 2011
Kabam, an entertainment company, develops free-to-play games for mobile devices and Web platforms. It offers traditional, social, strategy, action, arcade, sports, and role-playing games. Holly Liu, Kevin Chou, Mike Li, and Wayne Chan founded Watercooler on October 28, 2006 that became Kabam in August 2010, with its headquarters in San Francisco in California. It has additional offices in San Francisco and Los Angeles in California, Vancouver in Canada, Austin in Texas, Beijing in China, London in United Kingdom, and Berlin in Germany.

Carbonite

Series D in 2010
Carbonite, Inc. is a provider of backup, disaster recovery, and data protection solutions in the United States, primarily serving small and midsized businesses. The company's offerings include Carbonite Safe, a cloud backup solution that safeguards data from various threats, and Carbonite Endpoint, which protects data on organizational devices such as computers and smartphones. Additional services include Carbonite Server for comprehensive server protection, Carbonite Availability for maintaining critical business systems, and Carbonite Recover for secure replication of systems to the cloud. Carbonite Migrate facilitates the migration of workloads with minimal risk, while Carbonite Email Archiving addresses specific email archiving needs. The company distributes its solutions through a network of partners including resellers and managed service providers. Founded in 2005 and headquartered in Boston, Massachusetts, Carbonite operates as a subsidiary of Open Text Corporation.

Corpay

Series E in 2009
Corpay is a business payments company that specializes in simplifying expense management for organizations. With a diverse portfolio of payment solutions, it assists businesses in automating and securing their payments to employees and suppliers. Corpay offers services in several key areas, including fuel payments for vehicle fleets, lodging solutions for business travelers, and electronic toll and parking payments. Additionally, the company provides corporate payment solutions that enable clients to optimize spending and manage electronic payments effectively. The firm also focuses on gift card product management, offering services from design to transaction processing. With a presence in North America, Europe, Africa, and Asia, Corpay connects merchants through its closed-loop networks and third-party platforms, delivering tailored information services to enhance payment efficiency. Established in 1986 and headquartered in Norcross, Georgia, Corpay continues to innovate in the payment solutions space.

Rivulet Communications

Series C in 2009
Rivulet Communications provides data transport solutions to medical, government, and enterprise clients. Leveraging existing IP networks, Rivulet provides video communication for patient care and contact between physicians. Other applications for a broader customer base include VoIP, TDM, video, and satellite for bring their information sharing to a different level.

Carbonite

Series C in 2008
Carbonite, Inc. is a provider of backup, disaster recovery, and data protection solutions in the United States, primarily serving small and midsized businesses. The company's offerings include Carbonite Safe, a cloud backup solution that safeguards data from various threats, and Carbonite Endpoint, which protects data on organizational devices such as computers and smartphones. Additional services include Carbonite Server for comprehensive server protection, Carbonite Availability for maintaining critical business systems, and Carbonite Recover for secure replication of systems to the cloud. Carbonite Migrate facilitates the migration of workloads with minimal risk, while Carbonite Email Archiving addresses specific email archiving needs. The company distributes its solutions through a network of partners including resellers and managed service providers. Founded in 2005 and headquartered in Boston, Massachusetts, Carbonite operates as a subsidiary of Open Text Corporation.

Active.com

Private Equity Round in 2008
Active.com is a prominent online platform catering to individuals seeking to discover, learn about, and participate in various sports and recreational activities. It serves millions of users monthly, providing access to the world's largest directory of over 66,000 events across more than 80 sports in 5,000 cities, including races, leagues, and camps. The site facilitates easy online registration, making participation quick and convenient. Active.com features a vibrant online community where users can interact through message boards, share content, and access training plans and fitness tips from professional coaches. Additionally, the platform offers a membership program, ActiveAdvantage, which provides discounts on sports gear and registration fees. As part of The Active Network, the site is backed by advanced technology solutions that enhance event management for organizers, ensuring efficient administration and increased participation.

Rivulet Communications

Series B in 2007
Rivulet Communications provides data transport solutions to medical, government, and enterprise clients. Leveraging existing IP networks, Rivulet provides video communication for patient care and contact between physicians. Other applications for a broader customer base include VoIP, TDM, video, and satellite for bring their information sharing to a different level.
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