Article - January 16, 2018

Polachi’s 2017 Year in Review

Dear Clients and Friends,

2017 was an impressive 15th year in business for Polachi. We saw significant growth with our clients and continue to be proud to have assisted in building out their management teams. There were noteworthy exits through acquisitions with Exa CorporationVeracodeBlack Duck SoftwareTerrafugiaVisual IQSevcon and Trillium Software. We saw fund raisings at NewStoreTimeTradeViral Gains and OptiRTC and some very unusual searches – rocket thrusters for satellites with Accion, flying cars at Terrafugia, in addition to our standard fare of software, ecommerce, and more.

We’re also proud to have recruited numerous Board of Director, CEO, CFO, CMO, CRO and VP roles. Our range of client mix spans $4 million to $12 billion in revenue and we covered searches from to San Diego to Boston. Plus, we added coverage in Asia Pacific with Ethos BeathChapman joining our Access Search Partners team.

We would like to highlight some of the reasons we celebrate our success alongside a sampling of our clients:

Exa Corporation
Exa Corporation (NASDAQ: EXA), was acquired by Dassault Systèmes (Paris: DSY) for approximately $400M.
Veracode
Veracode, was acquired by CA Technologies (NASDAQ: CA) for $614M.
Black Duck Software
Black Duck Software has agreed to be acquired by Synopsys (NASDAQ: SNPS) for roughly $548M.

Terrafugia
Terrafugia was acquired by the Zhejiang Geely Holding Group.
Visual IQ
Visual IQ was acquired by Nielsen Business Media.
Sevcon
Sevcon (NASDAQ: SEV), was acquired by BorgWarner for approximately $200M.

Syncsort
Syncsort Incorporated completed the acquisition of Trillium Software from Harte Hanks, Inc. (NYSE: HHS).
Relayware
Relayware announced a merger with Zift Solutions in July.
Newstore
Newstore announced a series B $50M raise.

TimeTrade
TimeTrade announced a $6.3M series E raise.
Viral Gains
Viral Gains announced a $13.5M series B raise.
OptiRTC
OptiRTC raised $5.5M in equity funding.
As we enter 2018, we want to wish our clients, past and present a Happy, Healthy and Prosperous New Year.

We look forward to having the opportunity to complete your next search and contribute to your company’s success story.

Thank you,
The Polachi Access Executive Search Team