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 Thursday, September 2, 2010 Taleo Buys Learn.com Dublin, California-based Taleo, a developer of talent management, compensation, and performance management software, said late Wednesday evening that it has acquired Learn.com, a provider of SaaS learning management solutions. The deal was worth approximately $125M in cash. Taleo said that Learn.com's software as a service helps businesses to more seamlessly develop, deliver and manage education and training. Taleo was advised by J.P. (More info...) posted on Thursday, September 2, 2010(Full story) 3PAR Accepts HP's $33 Per Share Offer, Dell Withdraws 3PAR said today that it has accepted Hewlett Packard's $33 per share offer for the firm, and Dell said it would not increase its proposal, ending the bidding war for 3PAR. HP and Dell have been locked in a bidding battle since August 16th, when Dell initially offered $18.00 per share for 3PAR. HP soon entered the fray, and the firms traded increasingly large bids in an attempt to gain control of 3PAR. posted on Thursday, September 2, 2010(Full story) Cisco Buys Arch Rock San Jose-based Cisco announced this morning that it is buying Arch Rock Corporation, a developer of wireless network technology for smart grid applications. Financial terms of the buy were not disclosed. Arch Rock, which is based in San Francisco, develops Internet Protocol-based wireless mesh networking technology. Cisco said the acquisition would complement its recently announced joint development agreement with Itron, a maker of smart meters. (More info...) posted on Thursday, September 2, 2010 (More)(Full story) Recurve Names New CEO San Francisco-based Recurve, which provides both energy efficiency software and green energy remodeling services, said yesterday that it has named Andy Leventhal as the firm's CEO. Leventhal was most recently founder and CEO of Planet Metrics, which was sold in January to Parametric technology, and has also served at EMC, VeriSign, Red Hat, and Imperva. The firm said that Leventhal replaces Pratap Mukherjee, who is leaving to pursue unspecified other opportunities. (More info...) posted on Thursday, September 2, 2010(Full story) Inflection Finds $30M Palo Alto-based Inflection, which runs the websites Archives.com and PeopleSmart.com, said this morning that it has raised $30M in a Series A funding round. The round was led by Matrix Partners and Sutter Hill Ventures. As part of the investment, Greg Sands of Sutter Hill Ventures and Josh Hannah of Matrix Partners are joining the company's board. Archives.com offers up historical records and information, mostly for genealogy and family history use, and PeopleSmart.com is a people search engine. (More info...) posted on Thursday, September 2, 2010 (More)(Full story)
Wednesday, September 1, 2010 Hitachi Planning IPO of Hard Drive Unit Hitachi Ltd. is considering an IPO of its hard drive unit, Hitachi Global Storage Technologies, according to the firm Wednesday. Hitachi's storage unit has a heavy presence in San Jose, where it maintains major operations. Hitachi Global Storage Technologies was formerly IBM's disk drive unit, until IBM merged its hard drive unit with Hitachi in 2003. No details on the IPO have been released, however, reports name Goldman Sachs as one of the underwriters. (More info...) posted on Wednesday, September 1, 2010(Full story) VeriFone Buys WAY Systems San Jose-based VeriFone Systems said this morning it has acquired the assets of WAY Systems, a developer of mobile, point-of-service (POS) products and gateways for merchants. According to VeriFone, it will pay $6M upfront and up to $3M in earnout, based on performance targets, for WAY. WAY Systems has raised more than $50M in funding, from Bill Melton, the founder of VeriFone, plus Bessemer Venture Partners, Austin Ventures, and Lighthouse Capital Partners. WAY Systems was based in Boston. (More info...) posted on Wednesday, September 1, 2010(Full story) Tuesday, August 31, 2010 Rally Up Acquired By AOL Santa Cruz-based Rally Up, a developer of the Rally Up and Faceplant mobile applications, has been acquired by AOL, AOL said Tuesday. Financial terms of the acquisition were not disclosed. According to AOL, it is adding Rally Up's team to its Consumer Applications and Mobile effort. As part of the acquisition, AOL said it is opening up a new West Coast office in Palo Alto. The new team will report to David Temkin, Vice President of Mobile at AOL. posted on Tuesday, August 31, 2010(Full story) VMware Buys Integrien, TriCipher Palo Alto-based VMware, which develops virtualization and cloud computing products, said today at its VMworld conference that it has acquired Integrien, a developer of application and infrastructure performance analytics software, and TriCipher, a developer of secure access management and enterprise identity software. Financial terms of the buy were not disclosed, however, a source close to Integrien places the buy at around $102M. (More info...) posted on Tuesday, August 31, 2010(Full story) Institutional Venture Partners Raises $750M Fund Menlo Park-based venture capital firm Institutional Venture Partners announced today that it has closed Institutional Venture Partners XIII, at $750M. According to the firm, the later-stage venture capital and growth equity fund will be focused on rapidly growing technology and digital media companies throughout the United States. The new round brings IVP's total, committed capital to $3 billion, and is significantly larger than IVP XII, the firm's 2007 vintage, $600M venture capital fund. (More info...) posted on Tuesday, August 31, 2010(Full story) Monday, August 30, 2010 PageBites Takes $10.3M Palo Alto-based PageBites, which operated a job search engine and aggregator, has raised $10.3M in a new round of funding, according to a regulatory filing by the firm Monday. No details on the funding have been announced. PageBites site now redirects users to job listings on Imo.im, an instant messaging startup run by PageBites' founders Ralph Harik and Georges Harik. It's unclear if the funding is for PageBites, or for Imo.im. posted on Monday, August 30, 2010 (More)(Full story) Arcot Systems Acquired By CA Sunnyvale-based Arcot Systems, a developer of software used for authentication and fraud prevention, has been acquired by CA, a cash deal worth $200M. According to CA, it will use the acquisition to add technology for fraud prevention and advanced authentication to its identity and access management offerings. Arcot Systems was venture backed by Accel Partners, Granite Ventures, ONSET Ventures, SEB Venture Capital, and Vedanta Capital. Arcot was headed by Ram Varadarajan. (More info...) posted on Monday, August 30, 2010(Full story) Google Buys SocialDeck Mountain View-based Google has acquired SocialDeck, a developer of mobile social networking games, according to SocialDeck. Financial terms of the buy were not disclosed. SocialDeck was based in Ontario, Canada. SocialDeck's social games run across the Blackberry, Facebook, and iPhone. posted on Monday, August 30, 2010(Full story) EndoGastric Solutions Raises $30M Redwood City-based EndoGastric Solutions, a developer of treatments for upper gastrointestinal diseases, including gastroesophageal reflux disease (GERD), announced this morning that it has raised $30M in a Series F financing round. The funding was led by Canaan Partners and Radius Ventures, and also included existing investors Advanced Technology Ventures, MPM Capital, Foundation Medical Partners, Chicago Growth Partners, and De Novo Ventures. (More info...) posted on Monday, August 30, 2010 (More)(Full story) Intel Buys Infineon's Wireless Solutions Business Intel confirmed Monday morning that it is purchasing Infineon's Wireless Solution Business (WLS), in a cash deal worth approximately $1.4 billion. According to Intel, WLS will operate as a standalone business, with the deal closing sometime in the first quarter of 2011. Intel said the buy will expand its current Wi-Fi and 4G WiMAX offerings. Rumors of the acquisition have been widely reported over the last month or so. posted on Monday, August 30, 2010(Full story) Cloud Cruiser Nabs Funding Round San Francisco-based Cloud Cruiser, a stealth mode firm developing cloud management software, said today that it has received a Series A funding round. Size of the funding round was not disclosed. The companys aid that the round was led by Wavepoint Ventures, and also included a group of "experienced" angel investors. Names of those angels were not announced. Cloud Cruise is headed by Dave Zabrowski. (More info...) posted on Monday, August 30, 2010 (More)(Full story)
Friday, August 27, 2010 Angstro Acquired By Google Palo Alto-based Angstro, a developer of software to help filter out news based on a user's social graph, has been acquired by Google. Angstro disclosed the acquisition late Thursday, saying that the founders of the firm have joined Google as part of the acquisition. No financial details of the buy have been announced. posted on Friday, August 27, 2010(Full story) HP Counters Dell With $2.0 Billion Offer For 3PAR In a rapid back and forth on bidding on 3PAR, HP said this morning that it has upped its offer to $2.0 billion, or $30.00 per share in cash, for 3PAR. The offer comes after Dell matched HP's offer of $1.8 billion, or $27.00 per share in cash, for storage developer 3PAR earlier this morning. The intense bidding war between HP and Dell started Monday, when HP put in a belated bid for 3PAR, after Dell and 3PAR had already agreed on an acquisition deal. posted on Friday, August 27, 2010(Full story) 3PAR Gets Matched Offer From Dell, at $1.8 Billion The tit-for-tat bidding war over data storage provider 3PAR continued in dramatic fashion Friday morning, as Dell said it has matched HP's offer for 3PAR, at $27.00 per share, or a total value of $1.8 billion. Dell said it is matching the offer from HP--made just last night--as part of a provision giving it an option to match competing bids for 3PAR. (More info...) posted on Friday, August 27, 2010(Full story) Soft Machines Lands $13.0M Santa Clara-based Soft Machines, a stealth mode firm in the semiconductor area, has raised $13.0M in a funding round, according to a regulatory filing by the firm this week. No details on the company or its funding have been announced. However, representatives from the Advanced Technology Investment Company now sit on the company's board of directors. (More info...) posted on Friday, August 27, 2010 (More)(Full story) Wi2Wi Gets Credit Facility San Jose-based Wi2Wi, a provider of system-in-package (SIP), modules, and subsystems for the wireless, embedded market, has received a credit facility from Bridge Bank, according to Bridge Capital Holdings, the parent firm of Bridge Bank. Size of the credit facility was not announced. Wi2Wi said the credit facility will expand its working capital. The credit facility will be secured by Wi2Wi's outstanding receivables. posted on Friday, August 27, 2010(Full story) Thursday, August 26, 2010 HP Responds To Dell, Ups Offer For 3Par To $1.8 Billion Palo Alto-based HP said Thursday afternoon that it has upped its offer for 3PAR to $1.8 billion, or $27.00 per share in cash. The offer comes after news Thursday morning that 3PAR had accepted a revised, $24.30 per share offer for the firm from Dell. HP said that its revised proposal offers "superior value" to 3PAR's shareholders. The furious bidding war broke out Monday when HP decided to extend an offer to buy 3PAR, which had already agreed to be bought by Dell. posted on Thursday, August 26, 2010(Full story) Solazyme Adds Strategic Investor South San Francisco-based Solazyme, which is developing biotechnology that uses algae to produce renewable oil and bioproducts, said Thursday that it has added Bunge Limited as a strategic investors in its Series D round. Amount of the investment was not disclosed. Bunge is a major business in agricultural and food industry, is the largest processing companies of sugarcane in Brazil, and a distributor of vegetable oils. (More info...) posted on Thursday, August 26, 2010 (More)(Full story) Dell Trumps HP On 3PAR Bid HP's bid for 3PAR has been trumped by a new, $24.30 per share offer for the firm by Dell today, bringing the price for 3PAR up to $1.6 billion. Dell announced that 3PAR has accepted its new bid this morning, after HP announced its own offer of $24.00 per share for 3PAR Monday. Dell had originally agreed to pay $18.00 per share for 3PAR earlier this month. Dell said the upped bid has been accepted by 3PAR, and does not modify the firms' original timeline for completing the acquisition. (More info...) posted on Thursday, August 26, 2010(Full story) Cisco To Buy ExtendMedia San Jose-based Cisco announced this morning that it intends to acquire ExtendMedia, a developer software content management systems for video. Financial terms of the deal were not announced. ExtendMedia, which is based in Newton, Mass., and has the majority of its employees in Toronto, Canada, develops CMS software used to manage online video content. Cisco said the acquisition will help service provider deliver multi-screen offerings as the market transitions to IP video. (More info...) posted on Thursday, August 26, 2010(Full story) |
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