Through its funds, NextGen Capital was a pioneer investor in Cloud Computing. Following are brief descriptions of some of NextGen's successful Cloud computing and Software as a Service (SaaS) based investments. The followings are some examples of NextGen Capital invested and exited companies:
Brainbench helps clients test, track, and improve their employees' vital job skills, using the industry's largest ISO 9001-2000 library of tests. Brainbench's online assessment solutions improve hiring, retention, training, customer satisfaction, and profitability for organizations such as Advance Auto Parts, British Telecommunication, Citigroup, IBM, Manpower, OPM, TEKsystems, the U.S. Army and Wells Fargo. Brainbench has served over 5.5 million consumer members with more than 500 skills test and certifications that help individuals measure and obtain certification for skills that are in high demand. Brainbench was acquired by PreVisor for $19.2 Million.Edutest. eduTest.com is an Internet-based company that provides testing and assessment services to educators and parents for state-mandated K-12 academic standards. State-specific standards of learning (SOL) have been adopted by 48 states, and many schools risk losing state accreditation if students fail to reach the standards. Edutest.com has developed a system of online software and content that evaluates student achievement based on state-specific SOL. Unlike paper-and-pencil testing, eduTest.com provides immediate student feedback and aggregated reporting at multiple levels within a school district. Edutest was sold for $13.2 million and is now a part of Plato Learning.
ServiceBench is a leading provider of service management solutions that integrate post-sales service activities including service call management, field service management, parts management, claims management and service contract management. The ServiceBench on-demand system easily enables service transactions between manufacturers, retailers or extended warranty providers and their network of parts suppliers, distributors and service providers. ServiceBench solutions provide the essential foundation to manage the service chain for profit and competitive advantage. ServiceBench was acquired by NEW for $59.7 million.
SynXis enables hotels to maximize revenue and reduce costs through innovative, market-driven technology combined with outstanding customized support. The SynXis Reservation Management System, at the solution's core, empowers hotel operators to consolidate and manage hotel inventory from all sources -- seamless GDS connectivity, over 1200 popular Internet travel sites, private-label central reservations systems, and full-service hotel Web sites. It also helps hotels build revenue by enabling them to independently manage each distribution channel from one easy-to-use control center. All of these reservations can connect directly with the PMS. SynXis is the technology source for close to 6000 hotels, bed and breakfasts, resorts, and destinations, including, Harrah's, VIP International, Interstate Hotels & Resorts, Destination Hotels & Resorts, and Jumeirah Hotels. SynXis was acquired by Sabre Holdings for $40 million.
Magicsoft, a software company founded in 1991 and was acquired in 2007. Magicsoft is focused on developing software solutions for the rapidly growing demands of the communications industry. Magicsoft’s corporate headquarters are located in Chantilly, Virginia, and has a regional office in Scottsdale, Arizona. From its origin, the company has specialized in digital audio and video communications and interactive multimedia systems, and has been one of the pioneers in the electronic collaboration and educational technology industries formative years.