CHARLOTTE, N.C.–Frontier Capital is pleased to announce the successful exit of its investment in Lanyon, Inc., the leading provider of SaaS-based software solutions for the hospitality industry.  Headquartered in Dallas, TX, Lanyon provides market-leading software-as-a-service (SaaS) content and spend management solutions for corporations, hotels and travel intermediaries in the global hospitality industry. The company was acquired by Vista Equity Partners. Frontier provided Lanyon with $10 million of growth equity in November 2009. The investment supported the company’s expansion of sales, marketing and customer support resources, further enhancement of the company’s on-demand solutions, and partial liquidity for founders and shareholders. Lanyon now serves over 725 corporate clients and 340 hotel companies, representing more than 425 hotel brands and 93,000 hotel properties. Lanyon’s customer base includes 70% of the Co rporate Travel 100, 50% of the Global 500, and 70% of the world’s hotel brands. (more…)

(Charlotte, N.C.) Overall investor optimism declined between February and May, as rising energy prices, budget deficits and persistent unemployment dampened sentiment, according to the Wells Fargo/Gallup Investor and Retirement Optimism Index. The Optimism Index fell to 33 in May, down from 42 in February. The top three factors hurting the investing climate “a lot,” respondents said, are the price of energy cited by 79% of respondents, up from 60% in February, the federal budget deficit at 75% and the unemployment rate at 67%. (more…)

(Research Triangle Region, N.C.) Research Triangle Region companies announced $1.5 billion in capital investments and more than 6,600 jobs during 2010. Another $243 million in investments and 1,400 jobs were announced during the first quarter of 2011. “Our diverse, innovation-based economy makes this region one of the most resilient in the world. Growing companies continue to respond by choosing our region to build their future,” Charles A. Hayes, president and CEO of the Research Triangle Regional Partnership (RTRP), reported at the 2011 State of the Research Triangle Region event on May 26. RTRP hosted the annual economic update forum with naming sponsor IBM. (more…)