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 Friday, September 5, 2008 Advent Software Acquires Tamale Software San Francisco-based Advent Software, a provider of software for the investment management industry, said Thursday afternoon that it has agreed to acquire Tamale Software, based in New York. Advent said it would pay approximately $70M for Tamale, in a combination of cash and stock. Tamale Software develops software used to manage investment research. Advent said it expects 2009 revenue from Tamale to be in the range of $17 to $20M. (More info...) posted on Friday, September 5, 2008(Full story) SemantiNet Raises $3.4M, Opens Shop In San Francisco Tel Aviv, Israel-based SemantiNet said Thursday that the firm has raised $3.4M in a Series A round, and opened up a San Francisco sales and marketing office. The firm said that it has developed software for discovering new information as part of the "natural browsing" experience. The round came from Giza Venture Capital, along with Sir Ronald Cohen, Yossi Vardi, and Vonage founder Jeff Pulver. SemantiNet said that its R&D remains in Tel Aviv. posted on Friday, September 5, 2008(Full story) Pathwork Diagnostics Raises $20M Sunnyvale-based Pathwork Diagnostics said Thursday that the firm has raised $20M in a financing round. The round was led by Abingworth, and also included prior investors Prospect Venture Partners, Advent Venture Partners, Novus Ventures, Venrock, and Versant Ventures. The firm, which develops molecular diagnostic tests focused on oncology, said the new funding follows the FDA approval of the firm's tumor diagnosis products. (More info...) posted on Friday, September 5, 2008(Full story) iSkoot Buys Social.IM San Francisco-based iSkoot said this morning that it has acuqired Social.IM, a maker of a social networking instant messaging client. Financial terms of the acquisition were not provided. iSkoot said it would use the acquisition to grow beyond mobile VoIP and into the web communications space. Social.IM's applications and web service allow users to instant message their friends on Facebook. iSkoot is venture backed by Charles River Ventrues, Khosla Ventures, and ZG Ventures; Social. (More info...) posted on Friday, September 5, 2008(Full story)
Thursday, September 4, 2008 True Ventures Taps Blogger Malik As Venture Partner Palo Alto-based venture capital firm True Venture has added a new venture partner, blogger Om Malik, according to Malik in a blog post Thursday evening. Malik, who runs GigaOm, Earth2Tech, and other technology vertical blogs, said the move came as Giga Omni Media has named a new CEO, Paul Walborsky. Malik said he will continue to blog, but will limit his posts to two posts a day, and will stop writing about companies funded by True Ventures. (More info...) posted on Thursday, September 4, 2008(Full story)
Wednesday, September 3, 2008 Proxim Sells Harmonix Milpitas-based Proxim Wireless, a developer of broadband wireless systems, said Wednesday afternoon that it has sold substantially all of the assets of its Harmonix Division to Renaissance Electronics Corp, in a deal worth $5.3M. Proxim had said in early August that it had hired an investment bank to sell the unit, which is part of its Terabeam Corporation subsidiary. (More info...) posted on Wednesday, September 3, 2008(Full story) Securify Acquired By Secure Computing Cupertino-based Securify, a provider of network-based security products, is being acquired by Secure Computing Corporation in a $15M deal. San Jose-based Secure Computing Corporation announced the acquisition Wednesday afternoon, saying it would pay $15M plus up to $5M in earnout for Securify. Secure Computing develops enterprise security products. Securify's appliances are used to monitor network traffic and enforce security policies. (More info...) posted on Wednesday, September 3, 2008(Full story) Aicent Gets Funding From Intel San Jose-based Aicent said this week that it has scored an investment from Intel Capital. Amount of the investment was not disclosed. Aicent operates a wireless mobile roaming exchange used by mobile carriers to provide wireless connectivity to their subscribers. According to Aicent, the funding will go towards its 3G and 4G data roaming initiatives. Aicent has previously received funding from Warburg Pincus. posted on Wednesday, September 3, 2008 (More)(Full story) Codexis Pulls IPO Redwood City-based Codexis has pulled its upcoming IPO, saying in a filing with the SEC Tuesday that the firm is withdrawing its offering "due to current public market conditions." The firm, which has been trying to go to market since April of this year, was looking to raise up to $100M on the NASDAQ Global Market. Codexis is venture backed by Maxygen, Biomedical Sciences Investment Fund Pte Ltd, Shell Oil, CMEA Ventures, Pequot Capital, and CTTV Investments, the investment arm of Chevron. (More info...) posted on Wednesday, September 3, 2008(Full story) Osprey Pharmaceutials Scores $11M San Francisco-based Osprey Pharmaceuticals, which is developing novel protein therapeutics focused on treating inflammatory diseases, said Wednesday that it has raised $11M in a first round of venture capital. The funding was led by Burrill & Company, and also included Novo Nordisk Biotech Fund, Yasuda Enterprise Development, GeneChem Therapeutics Venture Fund, BDC Venture Capital, Inc. and Western Technology Seed Investment Fund. (More info...) posted on Wednesday, September 3, 2008 (More)(Full story) Blurb Names WSJ's Crovitz To Board Venture-backed, San Francisco-based online book publishing service Blurb said today that the firm has added Gordon Crovitz, former publisher of the Wall Street Journal, to its board of directors. Blurb is venture backed by Canaan Partners and Anthem Venture Partners. Blurb said that Crovitz was EVP of Dow Jones, in charge of its Consumer Media Group and redeisng of the Wall Street Journal. (More info...) posted on Wednesday, September 3, 2008(Full story) Multiverse To Titanic Title, Links To Social Networks Mountain View-based Multiverse, a developer of online virtual worlds, said today that it has inked a deal with James Cameron to create a new, educational virtual world based on the Titanic. According to Multiverse, a new site "Places in time:Titanic" will feature original digital footage, computer modes, and data from James Cameron. The company said that the site will allow virtual explorers to experience the Titanic and the events in real time or condensed time. (More info...) posted on Wednesday, September 3, 2008(Full story) eBay Launches Green Marketplace San Jose-based online auction firm eBay said this morning that the firm has rolled out a new ecommerce marketplace called WorldofGood.com. The firm said that the new site will offer products with a "positive impact on people and the planet." The new site features products made from recycled or natural materials, which are organic, or support artisan women in developing nations. (More info...) posted on Wednesday, September 3, 2008(Full story) Zuora Names PayPal's Thompson To Board San Francisco-based software-as-a-service firm Zuora said today that the firm has added Scott Thompson, president of PayPal, to the firm's board of directors. Zuora is developing software-as-a-service for managing subscription billings. Thompson is currently President of PayPal, and has also previously served at Inovant, Barclays Global Investors, and Coopers and Lybrand. Thompson joins Peter Fenton of Benchmark Cpaital on the board. posted on Wednesday, September 3, 2008(Full story)
Tuesday, September 2, 2008 Phoenix Technologies Completes General Software Buy Milipitas-based Phoenix Technologies, which develops embedded software code, said Tuesday that it has completed its acquisition of General Software, a Bellevue, Washington-based firm that develops BIOS code. Financial terms of the deal were not disclosed. Phoenix had said it was buying General Software in July. Phoenix Technologies said the buy extends the reach of Phoenix to devices that use embedded processors. (More info...) posted on Tuesday, September 2, 2008(Full story) Data Robotics Gets $15M Santa Clara-based Data Robotics, which develops automated data storage products, said Monday that it has raised $15M in a Series D funding round. The round was led by new investor Greylock Partners, and also included New Enterprise Associates (NEA), RRE Ventures, and Sutter Hill Ventures. Data Robotics develops Drobo, a Firewire data storage product which provides up to 16TB of redundant storage. posted on Tuesday, September 2, 2008 (More)(Full story) Picateers Raises $6.6M San Mateo-based Picateers, which operates a service to help schools manage their own school pictures to raise money, has raised $6.6M in a new funding round, according to a spokesperson for the firm. The funding came from Norwest Venture Partners and Storm Ventures. Picateers allows amateur photographers to help schools by raising money and selling portrait packages to parents, instead of using commercial photography services. posted on Tuesday, September 2, 2008 (More)(Full story) Google Ships Open Source Browser Mountain View-based Google said late Monday that it has released a new, open source browser, Google Chrome. According to Google, the new browser was built from scratch, and is a "modern platform for web pages and applications." The new browser provides isolated, tabbed browsing, a powerful JavaScript engine, and more. The browser currently is available as a beta for Windows, although the firm says that it has versions in the works for Mac and Linux. posted on Tuesday, September 2, 2008(Full story) Oracle Buys ClearApp Redwood Shores-based Oracle said this morning that it has acquired ClearApp, a developer of software for managing application performance. Financial terms of the deal were not disclosed. ClearApp, which is backed by 3i, partech International, and Sierra Ventures, develops software used to manage SOA composite applications. According to Oracle, it expects the deal to close in 2H 2008. Clearapp was formerly known as Ascera, and has raised at least $20.2M in venture funding. posted on Tuesday, September 2, 2008(Full story)
Friday, August 29, 2008 KLA-Tencor Loses COO, Gains CFO Milipitas-based KLA-Tencor, which develops process control equipment for the semiconductor industry, said Thursday that its President and COO, John Kispert, is leaving the company at the end of the year, and that it has hired on Mark P. Dentinger as its new CFO. No reason or details on Kispert's departure was given. Separately, the firm said that Dentiger has joined the company from BEA Systems, where he was CFO until its acquisition by Oracle. Dentiger has also served at Compaq Computer. (More info...) posted on Friday, August 29, 2008(Full story) Wind River Buys Mobile Linux Firm Alameda-based Wind River, a provider of embedded software products, said Thursday afternoon that the firm has signed an agreement to acquire MIZI Research, a Korean firm focused on mobile LInux development. According to Wind River, it will pay up to $16M in cash to acquire substantially all of the outstanding shares of MIZI. MIZI Research develops a mobile application platform based on embedded Linux, which is used by consumer electronics firms to develop mobile phones and other products. (More info...) posted on Friday, August 29, 2008(Full story)
Thursday, August 28, 2008 SpeedDate.com Picks Up $6M San Mateo-based SpeedDate.com, an online speed dating service, said Thursday that the firm has raised $6M in a Series B funding. The round came from Menlo Ventures. SpeedDate.com operates an online speed dating service, which allows users to arrange online, web-camera enabled speed dating sessions. The firm said the funding will go to grow its user base, expand operations, and enhance the site's functionality. SpeedDate. (More info...) posted on Thursday, August 28, 2008 (More)(Full story) Adaptec Buys Aristos Logic Milpitas-based data hardware products firm Adaptec has acquired a developer of RAID ASICs, Aristos Logic, the firm said today. Adaptec said it will pay approximately $41.0M in cash for Aristos Logic, which is headquartered in Foothill Ranch, California. Aristos Logic develops ASICs used in RAID data storage controllers, and employs around 75. Aristos was venture backed by EMC, Emulex, Infineon, JPMorgan Partners, Panorama Capital, QTV Capital, Seagate, TPG Ventures and Woodside Fund. posted on Thursday, August 28, 2008(Full story) Webcarzz Gets $4M For Online Game San Francisco-based Webcarzz, a developer of multiplayer online games, said Thursday afternoon that the firm has scored $4M in a Series A funding round. The round was led by Meakem Becker Venture Capital. According to Webcarzz, it will use the funding to support the cost of development, deployment, and marketing of an upcoming, multiplayer online game. No details of the game have been released. posted on Thursday, August 28, 2008 (More)(Full story) Eye-Fi Scores Win At Nikon Mountain View-based Eye-Fi, which develops wireless memory cards for digital cameras, has scored a win with Nikon, the firm said Wednesday. Eye-Fi said that it will deliver enhanced integration of the firm's cards with NIkon's new digital SLR, the Nikon D90. According to Eye-Fi, the new Nikon D90 will support managing Eye-Fi power settings, detect the presence of an Eye-Fi card, and also control over turning on and off the wireless function of its cards. (More info...) posted on Thursday, August 28, 2008(Full story) |
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