Bessemer and Insight take Netsmart private for $115M
Insight Venture Partners and Bessemer Venture Partners have acquired Netsmart Technologies, a Great River, New York public software company that serves companies in the health and human services sector, and taken it private.
They paid $115 million, according to the statement. The deal is notable because Bessemer has long focused on early-state venture investing, and it appears the latest sign that venture firms are being enticed to partake in later stage deals — in part because of the intense competition at the early stage, and because of the confusion caused by the sheer number of start-ups.
Members of the Netsmart management team participated in the acquisition.
Next Story: Intradigm, a gene targeting co., raises $16M
Previous Story: The social search engines keep coming — this time, it’s Collarity
