SAN FRANCISCO and TORONTO, Nov. 10, 2014 /CNW/ - Wellington Financial LP, a privately-held specialty finance firm, today announced a US$10 million debt financing for Mindjet Corporation of San Francisco, CA. Mindjet is a global leader in enterprise innovation and mind mapping software, offering enterprise customers a suite of software solutions that include its SpigitEngage and MindManager platforms.
"Mindjet's software suite allows brands to build and manage innovation programs to gain the most from their employees and customers. As a global leader in the enterprise innovation market, not to mention its fast growth, Mindjet is a perfect fit for our growth capital," said Mark McQueen, President & CEO of Wellington Financial.
"We continue to expand our global operation and remain committed to being a leader in the innovation space. We are delighted to partner with Wellington Financial on this financing as we continue to execute on our many growth opportunities," said Scott Raskin, Chief Executive Officer of Mindjet.
Mindjet is backed by leading venture capital firms Investor Growth Capital, Industry Ventures and PICO Holdings.
About Wellington Financial LP
Wellington Financial LP is a privately-held specialty finance firm providing term, venture and amortizing loans up to $30 million. Wellington Financial LP is currently managing a $600 million investment program with offices in San Francisco, Santa Monica and Toronto. Wellington Financial LP is managed by a partnership controlled by fund management and Clairvest Group Inc. (CVG:TSX), who jointly have contributed a large financial stake to the Fund. LPs include several of Canada's largest institutional investors, crown corporations, financial institutions and pension funds. Please visit the fund website at www.wellingtonfund.com.
Mindjet is committed to enterprise innovation excellence. We provide the first software platform with the capability to drive repeatable business innovation at scale. Our enterprise-ready innovation management suite, featuring SpigitEngage and MindManager, is used by millions and over 83% of the Fortune 100. We enable the world's leading brands to build and manage sustainable innovation programs with social dynamics, purposeful collaboration, crowd science, and analytics to surface and develop the best ideas then bring them to market. Mindjet is headquartered in San Francisco with offices throughout the US, UK, France, Germany, Japan, and Australia. To learn more about Mindjet, please visit www.mindjet.com.
SOURCE: Wellington Financial LP
For further information: For additional information: Susan Mocherniak, Wellington Financial LP, Tel: (416) 682-6007, [email protected]