Iris Dorbian

MYTIC has secured funding from private equity firm GITP Ventures. No financial terms were disclosed. Based in Columbia, MYTIC is a maker of Finaxion, a software product that helps consumers connect with lenders.

FinancialForce.com said Thursday that it has secured $50 million in funding from private equity firm Advent International. As a result of this transaction, UNIT4 will remain as FinancialForce.com's majority investor while Salesforce.com continues to hold a minority stake in the firm. Headquartered in San Francisco, FinancialForce.com is a cloud ERP provider on the Salesforce1 platform.

Insight Venture Partners has acquired a majority stake in WorkForce Software. No financial terms were disclosed. In addition to the investment, Ryan Hinkle, managing director at Insight Venture Partners and Ross Devor, vice president, have been added to the WorkForce board of directors. Lazard advised Workforce on the transaction. Headquartered in Livonia, Michigan, Workforce Software is a provider of workforce management solutions.

StepStone said Wednesday that it has opened an office in São Paulo, Brazil. Also, Duncan Littlejohn and Bruna Riotto, both formerly of Paul Capital in Brazil, have been named partner and vice president, respectively. Their appointments become effective May 1, 2014.

Scopia Capital, DSM and Amica Mutual Insurance have pulled nearly $60 million of their investments from private prison firms Corrections Corporation of America and GEO Group. According to a news release, the divestments came about after online civil rights organization ColorofChange reached out to more than 150 companies urging them to withdraw their funding to protest the "despicable profit motive" allegedly shown by these firms that have resulted in "some of the most abusive and inhumane conditions in the country."

Financial services firm Wedbush Securities has agreed to acquire "select assets" of Crossland, which also includes its futures execution and clearing businesses. No financial terms were disclosed. Crossland is a provider of futures and derivatives trading and clearing services.

Cantor Fitzgerald Wealth Partners, an affiliate of Cantor Fitzgerald, has hired Bob Serhus as its chief investment officer. Previously, Serhus was founder and chief investment officer of Serhus Capital Management.

New York-based private equity firm Pine Brook said Wednesday that it has opened a new office in Houston. Michael McMahon, a founding partner and managing director of the firm, is among those who will staff the new office.

Velocity, a portfolio company of Prospect Partners, has acquired E.D.N. Aviation. No financial terms were disclosed. Based in Van Nuys, Calif., EDN is an aircraft repair company.

Sverica has completed the sale of its majority stake in Accuvant to Blackstone. No financial terms were disclosed. As a result of the transaction, Sverica will retain a minority stake in Accuvant and remain on its board of directors. Headquartered in Denver, Accuvant is a provider of information security solutions.