HOME ABOUT US OUR TEAM PORTFOLIO NEWS & EVENTS CONTACT US LP REPORTING Software and Services Achievers, Boston, MA / San Francisco, CA Achievers is a web-based provider of employee rewards and recognition, sales incentive and service award programs that works with top employers and leading companies such as Microsoft, Marriott, ConAgra and Bell. Investment Date: May 2009 Sold to Blackhawk Network Holdings, June 2015 GrandBanks Board Representative: Tim Wright Co-investors: Relay Ventures, Laurence Capital, Sequoia Capital Beamable, Framingham, MA Beamable provides a Software-as-a-Service platform for the business operations of Live Games. The platform is tightly integrated with the Unity 3D engine, enabling game developers to focus on the creativity and differentiation of their products. Beamable is based in the Boston area, and led by a team of game-industry and software-as-a-service veterans. Investment Date: August 2014 GrandBanks Board Representative: Tim Wright Co-investors: Companyon Ventures, Oyster Angel Fund, Defy Career opportunities at Beamable Career Spark, Toronto, ON Career Spark provides an online solution that helps businesses evaluate job applicants and accurately predict who will succeed in a given role and has expanded to provide analytical data to large enterprises that help them identify which human resources are driving their success. Career Spark helps leaders understand what is driving success so they can use that information to match the right people with the right jobs for hiring, career path and development, and building optimal teams. Investment Date: December 2012 GrandBanks Board Representative: Tim Wright Co-investors: Relay Ventures Career opportunities at Career Spark Cobalt, Boston, MA Cobalt is an online information exchange network that empowers private equity funds, venture capital firms, pension plans, family offices, foundations, and endowments to make the best possible alternative investment decisions by transforming unstructured fund data into consistent, meaningful, and actionable investment information. Investment Date: June 2012 Sold to FactSet, October 2021 GrandBanks Board Representative: Tim Wright Co-investors: Accomplice, FINTOP Capital, Hamilton Lane, TechStars Boston Coherent Path, Waltham, MA / Toronto, ON Coherent Path is a Loyalty Analytics and Personalization Software Platform that maps the journeys retail customers take through transactional spaces. The company applies advanced mathematical concepts to understand the relationship between the product, transactional spaces and customer behavior. Through Coherent Path retailers can now move beyond traditional statistical approaches and focus on the tune engagement of each customer’s own and ever-changing journey. As a result, Coherent Path will enable companies to build stronger relationships with their customers and optimize engagement around long-term business objectives. Investment Date: June 2014 GrandBanks Board Representative: Tim Wright Co-investors: Sigma Prime Ventures, Celtic House Venture Partners, Mistral Venture Partners Career opportunities at Coherent Path Dispatch, Boston, MA Dispatch delivers a mobile and software-as-a-service (SaaS) based platform to streamline the last mile of in-home service for franchises, legacy enterprise companies, and employer small and medium businesses with five or more employees. The Company’s solution provides a mobile field service management solution with the ability to receive requests for a field service technician on a mobile device, make the technician completely mobile to perform end-to-end service tasks, integrate with GPS and geographic information systems, and provide field service functionality that supports a continuum of mobile field service models. Dispatch provides a customizable platform that does all of the heavy lifting, including managing back-office operations and mobile workforce, and providing real-time customer communication. Whether it is managing bookings and appointments, tracking the service rep by location, or handling payment and feedback, the Dispatch platform turns any service business into a powerful, on-demand, mobile organization. Customers get convenience and instant gratification and employees get better tools to manage their time. Investment Date: May 2014 GrandBanks Board Representative: Tim Wright Co-investors: Vista Equity Partners, Promus Ventures Career opportunities at Dispatch InfoActive, Montreal, QC / Chicago, IL Infoactive is building new ways to merge data and design. Our team helps people turn live data into mobile-friendly, interactive infographics. Thousands of active users from 150 countries use Infoactive for a simplified approach to visualizing and exploring information. Investment Date: October 2014 Sold to Tableau, August 2015 GrandBanks Board Representative: Charles R. Lax Co-investors: BDC Venture Capital, Alistair Croll, Randy Smerik MAVRCK, Boston, MA MAVRCK’s social influence marketing platform powers premier consumer brands to drive more economic sales using social media. The company’s proprietary influencer activation engine is a solution trusted by major brands to identify and activate their most influential customers across social networks at scale. Investment Date: September 2014 GrandBanks Board Representative: Tim Wright Co-investors: Kepha Partners, Betaspring, TechStars Boston Career opportunities at Mavrck OpenExchange, Concord, MA On October 22, 2019, KnowledgeVision Systems merged with OpenExchange. The merger brings together KnowledgeVision’s patented and proprietary Knovio technology in the hosting, streaming, organization and tracking of on-demand and live video and online presentations, with OpenExchange’s extensive network of video conference connections throughout the global financial services sector. OpenExchange video-enables the vital daily communications of the financial services and professional investment industry and its clients with advanced one-to-one, one-to-many, and many-to-many video technologies, tools and services. Investment Date: December 2010 GrandBanks Board Representatives: Charles R. Lax and Jeff Parker Career opportunities at OpenExchange OutStart, Boston, MA OutStart provides a software-based e-learning knowledge management and delivery platform for enterprises seeking to increase individual and organizational performance. OutStart’s broad product family, delivered either on an enterprise or ASP basis, helps improve sales force productivity, customer service efficiencies, customer and partner education and technology adoption. GrandBanks Capital’s original investment in OutStart was the result of a business combination between Concentric Visions and OutStart in 2002. Investment Date: September 2002 Sold to Kenexa Corp, January 2012 GrandBanks Board Representative: Charles R. Lax Co-investors: Sigma Partners, General Catalyst Partners, Boston University Community Technology Fund, Solstice Capital, InterWest, TL Ventures Savored, New York, NY Savored provides restaurants and consumers with an online platform for discount restaurant reservations. The Savored network of restaurants is carefully curated to provide a selection of high-end restaurants and fine-dining establishments at a discount to the public during off-peak times through online reservations. Investment Date: December 2010 Sold to Groupon, September 2012 GrandBanks Board Representative: Charles R. Lax Co-investors: Hearst Interactive Media, High Peaks Venture Partners SilverRail Technologies, Woburn, MA / London, U.K. SilverRail Technologies provides technology solutions for the distribution of train tickets and other rail-related products. Investment Date: August 2009 Sold to Expedia, June 2017 GrandBanks Board Representative: Charles R. Lax Co-investors: Brook Ventures, PAR Capital Management, Accel Europe, Canaan Partners, Mithril Capital Trilio Data, Hopkinton, MA Trilio is an OpenStack provider of backup and migration solutions for IT Organizations and Cloud Service Providers deploying Application workloads in the Cloud. The solution provides a reliable recovery of applications from data corruption or data loss scenarios. Investment Date: October 2014 GrandBanks Board Representative: Charles R. Lax Co-investors: .406 Ventures, Windspeed Ventures, Cambria Ventures, SKK LLC Career opportunities at Trilio Data Vela Systems, Burlington, MA Vela provides a Software-as-a-Service (SaaS) solution to the Architecture, Engineering, and Construction space. The Vela software suite significantly accelerates field processes related to construction, capital projects and capital equipment – reducing cycle times while improving quality assurance and risk management for building contractors and architectural firms. Investment Date: June 2007 Sold to Autodesk, Inc., June 2012 GrandBanks Board Representative: Charles R. Lax Co-investors: Commonwealth Capital Ventures, Autodesk xkoto, Boston, MA / Toronto, ON xkoto’s technology platform enables the replication and virtualization of data. The GRIDSCALE Database Load Balancer manages a geographic grid of standard, commercial databases, making them appear virtually as a single local database so that applications become continuously available and horizontally scalable. Recently named one of Deloitte’s 2007 Companies-to-Watch, xkoto’s technology partners include IBM, Microsoft, Novell, Sun Microsystems and Sybase. Investment Date: September 2007 Sold to Teradata Corporation, May 2010 GrandBanks Board Representative: Tim Wright Co-investors: GrowthWorks Canadian Fund [Back to Portfolio] RECENT NEWS Creative Automation Company Celtra Announces Majority Investment by Symphony Technology Group (STG) OpenExchange Announces Intent to Acquire Veracast, Further Enhancing Virtual Event Product Offering FactSet Acquires Cobalt Software, Inc. OpenExchange Ranks #183 on Inc. 5000 List of Fastest Growing Companies in America OpenExchange Raises $23 Million to Support Complementary Acquisitions, Continued Organic Growth SUBSCRIBE TO OUR NEWSLETTER Subscribe © 2021 GrandBanks Capital, all rights reserved. 1150 Great Plains Avenue, #920315 Needham, MA 02492 Tel: 781.997.4300 Fax: 781.997.4301 About This Site