Executive Moves, Venture Funding and Mergers and Acquisitions
Executive Moves
Action Engine, a Redmond, WA based provider of a mobile application platform, named Mike Kent as VP of EMEA. Kent was formerly employed by Openwave Systems.
airwide solutions, a Reading, UK based provider of messaging and device management solutions, named John M. Weaver as COO. Weaver was formerly EVP & GM at Comverse Network Systems.
Arteris SA, a Paris based developer of Network on Chip (NoC) technology for on-chip communications in complex system-on-chips (SoCs), named K. Charles Janac as CEO. Janac was formerly employed by Cadence Design Systems Inc.
Avamar Technologies, an Irvine, CA based provider of innovative data protection solutions, named Edward J. Walsh as CEO. Walsh was formerly SVP, Sales, Marketing & Alliances at Computer Network Technology.
BayPackets, a Fremont, CA based communications software provider, named JD Vaughn as VP of Global Sales & Marketing. Vaughn was formerly GM for Radvision.
Bitfone, a Laguna Niguel based provider firmware over-the-air (FOTA) update technology for mobile phones, named Glen Kazerman as SVP of Worldwide Sales. Kazerman was formerly Founder and SVP at Broadmargin.
BlueRoads, a San Mateo, CA based provider of channel management solutions, named Rob Milks as VP of Worldwide Sales. Milks was formerly VP of Sales for Selectica.
CellGlide, a London based provider of telco-grade mobile traffic shaping solutions for mobile data networks, named Frank F.E. Owen as President & CEO. Owen was formerly Managing Director for Sema Group's telecoms product unit.
Compassoft, a Scotts Valley, CA based provider of regulatory compliance software, named Eric Solberg as CTO. Solberg was formerly Principal Architect for PeopleSoft.
General Catalyst Partners, a Cambridge, MA based venture capital firm, named Bill Kung as Principal. Kung was formerly a Senior Associate at Mission Ventures.
IDG Ventures Boston named David Aronoff as General Partner. Aronoff was formerly employed by Greylock Partners.
Massive, a New York based provider of targeted ads across a video game network, named Nicholas Loria as EVP of Ad Sales. Loria was formerly SVP of Ad Sales at MTV Networks.
Mazu Networks, a Cambridge, MA based provider of behavior-based, network security solutions for enterprises, named President & COO Paul Brady as CEO.
Netli, a Palo Alto, CA based provider of Application Delivery Network (ADN) services, named Soeren Lindkvist as VP of Worldwide Sales and Beatriz V. Infante as Board Director. Lindkvist was formerly SVP of Global Sales at Radiance Technologies. Infante was formerly CEO of Sychron.
Sepaton, a Marlborough, MA based provider of data protection solutions, named Terry Richardson as EVP of Worldwide Sales and Linda Mentzer as VP of Marketing. Richardson was formerly VP of Global OEM Sales and VP of Channel Sales for the Americas. Mentzer was formerly employed by Marathon Technologies.
Skybox Security, a Palo Alto, CA based Security Risk Management company, named Ed Greene as VP of North American Sales. Greene was formerly Director of End Point Security Sales for the Americas Check Point Software Technologies.
SOA Software, a Santa Monica, CA based provider management, security and governance of enterprise service oriented architecture, named Shamik Sharma as Product Director. Sharma was formerly Co-Founder and Chief Architect for Confluent.
StarCite, a Philadelphia based provider of innovative technologies and services to the global meetings and events industry, named Michael Boult as President & COO. Boult was formerly COO of eCLIPSE Advisors.
Vernier Networks, a Mountain View, CA based provider of clientless network access management products, named Bhupi Singh as CFO. Singh was formerly CFO at Avolent Inc.
Mergers & Acquisitions
Emptoris, a Burlington, MA based provider of Enterprise Supply Management solutions, acquired Intigma, an Irving, TX based provider of spend data management technology, for an undisclosed amount.
FaceTime Communications, a Foster City, CA based provider of network-independent enterprise solutions for the management and control of instant messaging, acquired patent-pending technology of anti-spyware vendor XBlock Systems and the SpywareGuide.com community and information resource.
JDS Uniphase acquired Photonic Power Systems, a provider of photonic power for the delivery of power over fiber, for an undisclosed amount.
Sorrent, a San Mateo, CA based provider of connected interactive games for wireless and Internet-capable devices, merged with Macrospace, a London based developer and publisher of mobile games, for an undisclosed amount.
SS&C Technologies, a provider of software, business process outsourcing services, and application service provider solutions to the financial services industry, acquired Financial Interactive, a provider of Investor Relationship Management (IRM) infrastructure, for an undisclosed amount.
Funding
Agentis Software – New York, NY; a provider of an enterprise agent platform, AdaptivEnterprise Solution Suite; undisclosed amount; round not specified; Modena Technologies Capital.
Black Duck Software – Waltham, MA; provider of software compliance management solutions; $12 million; Series B; Fidelity Ventures, Flagship Ventures, General Catalyst Partners, Intel Capital, Red Hat, SAP Ventures.
Clovis Solutions – Petaluma, CA; provides system vendors with infrastructure components to accelerate time to market and reduce development costs; $11 million; Series B; American River Ventures, Intel Capital, Sevin Rosen Funds, Walden International.
Crossbow Technology – San Jose, CA; a provider of wireless sensor networks and inertial systems; $12 million; round not specified; Cisco Systems [VC], Intel, Paladin Capital Management.
Hatteras Networks – Durham, NC; a provider of high-bandwidth, last-mile Ethernet over copper access and service platforms,; $15 million; Series D; Grotech Capital Group, Columbia Capital, ComVentures.
Intellivid – Cambridge, MA; a developer Intelligent Video Analysis solutions for retail loss prevention; $4 million; round not specified; DFJ New England, Egan-Managed Capital, Flagship Ventures.
Leverage Software – San Francisco, CA; a provider of relationship capital management (RCM) solutions; $5 million; Series A; OnDemand Venture Capital Fund.
Plethora Technology – Charlestown, WV; a provider of a unified secure mobile computing platform that enables anytime, anywhere access to business information assets; $1 million; Series A; Calvert Social Investment Funds, Mountaineer Capital, West Virginia Jobs Investment Trust.
PortAuthority Technologies (fka Vidius) – Palo Alto, CA; a developer of Information Leak Prevention software; $13.4 million; Series C; Sequoia Capital, Greylock, Lexington Ventures.
Prima Solutions – Paris, France; a provider of a standards-based software foundation to design, develop, deploy, manage, monitor and maintain Service Oriented Insurance Applications.; $4.28 million; round not specified; undisclosed investors.
sentitO Networks – Rockville, MD; a provider of open and distributed VoIP switching equipment and service delivery solutions for global telecommunications service providers; $10 million; Series D; Columbus Nova Investments, Core Capital Partners, Kodiak Venture Partners, Mid-Atlantic Venture Funds, Technology Venture Partners.
SiBeam – Fremont, CA; a developer of RF CMOS semiconductors for the wireless industry; $15 million; Series A; Foundation Capital, New Enterprise Associates (NEA), U.S. Venture Partners.
Socialtext – Palo Alto, CA; provider of enterprise social software; $3.1 million; Series B; Draper Fisher Jurvetson (DFJ), Omidyar Network.
Tehuti Networks – Herzlyia Pituah, Israel; semiconductor company that develops solutions-on-a-chip (SoC) for accelerating TCP/IP in Gigabit Ethernet networks; $4.2 million; Series A; Alice Ventures, Office of the Chief Scientist, Proseed Venture Capital Fund.
Contributor: Venator Partners - Venator Partners is a Boston-based executive search firm that specializes in recruiting senior-level executives in the software and communications industries.
Copyright: Copyright © 2004. Venator Partners, LLC.
Covered Categories: M&A, Start-ups, Personnel Changes
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