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Executive Moves
Aleri, a Chicago based provider of real-time analytic financial services applications and streaming analytics technology, promoted VP of Aleri Labs Development Jerry Baulier to CTO.
BinOptics, an Ithaca, NY based manufacturer of integrated photonic components for datacom, telecom, and optical storage applications, named Michael J. Cumbo as President & CEO. Cumbo was formerly EVP & GM of Coherent’s optical component businesses.
ConSentry Networks (fka Tidal Networks), a Milpitas, CA based provider of LAN security products, named Dean Hickman-Smith as VP of Worldwide Sales, Franklin Grosvenor as VP of Operations and Sam Farsad as VP of Engineering. Hickman-Smith was formerly VP of Emerging Technologies at Juniper Networks. Grosvenor was formerly Senior Director of Manufacturing for Cisco’s wireless networking business unit and mobile wireless group. Farsad was formerly VP of Software Engineering at Extreme Networks.
Cornice, a Longmont, CO based provider of consumer storage solutions, named Camillo Martino as President & CEO. Martino was formerly COO at Zoran.
Defywire, a Herndon, VA based wireless middleware and mobile application provider, named Timothy Morin as VP of Technology Development. Morin was formerly a consultant with Nextel Communications.
Demandware, a Woburn, MA based provider of on-demand ecommerce solutions, named Ruth Habbe as VP of Marketing. Habbe was formerly President of MediaMap.
Entropic Communications, a San Diego based developer of chip technology for home networking of digital entertainment, named Andre Chartrand as VP of Engineering. Chartrand was formerly VP of Engineering for TranSwitch.
Mark Logic, a San Mateo, CA based provider of an XML content server, named Jim Leffel as VP of Sales and David Spenhoff as VP of Marketing. Leffel was formerly VP & GM of US Sales for Borland Software. Spenhoff was formerly VP of Marketing at Inxight Software.
Motricity, a Research Triangle Park, NC based mobile content and solutions provider, named Tony McAlister as Chief Information Officer. McAlister was formerly CIO of Vodafone Group PLC.
Nevis Networks, a Santa Clara, CA based provider of LAN security systems, named Charles Dauber as President & CEO. Dauber was formerly VP of Marketing, VP of Security Products and VP of Corporate Development at Blue Coat Systems.
Visible Path, a New York based developer of relationship capital management (RCM) software services, named Robert L. Brown as VP of Engineering and opened new offices in Foster City, CA . Brown was formerly VP of Product Development at Model N Inc.
Nomadix, a Newbury Park, CA based supplier of intelligent network devices and interconnect services for guest access, digital cities and carrier HotSpots, named Balaji Pitchaikani as CTO. Pitchaikani was formerly with Sand Hill Angels LLC.
Ounce Labs, a Waltham, MA based provider of software security assurance solutions, named Doug Fusco as VP of Worldwide Sales. Fusco was SVP of Ketera Technologies.
Packet Design, a Palo Alto, CA based developer of route analytics technology for managing large IP networks, named Michel J. Maeso as EVP of Worldwide Sales. Maeso was formerly VP of Sales at Speedera Networks.
Panasas, a Fremont, CA based provider of storage systems for scalable Linux clusters, named Glen T. Haubl as CFO. Haubl was formerly Treasurer at Maxtor.
Passkey International, a Quincy, MA based provider of an online-based group reservations management system, named Sam Fahmy as VP of Marketing & Product Management. Fahmy was formerly co-founder of Bungo.
Peregrine Semiconductor, a San Diego based supplier of RF CMOS integrated circuits, named Brian Hurst as VP, Worldwide Sales. Hurst was formerly VP, Worldwide Sales & Marketing at Anadigics.
Persona Software (fka LongBoard Inc.), a Santa Clara, CA based developer of SIP-based Personal Mobility Applications (PMAs), named Doug Miller as CFO. Miller was formerly SVP of Finance & CFO at Synplicity.
Quickshift, an Austin, TX based developer of performance acceleration technology, named Dan Keelan as CEO. Keelan was formerly Chairman and CEO of Formation Systems.
Softricity, a Boston based Virtual Application Environment™ provider, promoted VP, Sales & Services Les Yetton to VP of Business Development and named John Hamilton as VP, Sales & Services. Hamilton was formerly VP of North American Sales for Phase Forward.
Syndesis, a Toronto based provider of operations support systems software, named Michael Morris as VP, Product Development. Morris was formerly VP of Product Development at Arkipelago.
Tidal Software, a Palo Alto, CA based provider of application automation and performance management software products, named Rod Butters as SVP of Marketing. Butters was formerly VP of Marketing at StrongMail Systems.
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Mergers & Acquisitions
ADC, an Eden Prairie, MN based provider of global network infrastructure products and services, acquired Fiber Optic Network Solutions (FONS), a Marlborough, MA based manufacturer of high-performance passive optical components and fiber optic cable packaging, distribution and connectivity solutions, for approximately $172 million.
BEA Systems, a San Jose based provider of enterprise infrastructure software, acquired Compoze Software, a Wayne, PA based provider of collaborative software for enterprise portals and enterprise applications, for an undisclosed amount.
Broadcom, an Irvine, CA based provider of wired and wireless broadband communications semiconductors, acquired Siliquent Technologies, a Mountain View, CA based developer of 10 Gigabit Ethernet (10GbE) network interface controllers (NICs), for approximately $76 million.
IOCA, a Warwick, RI based provider of broadband Internet networks and managed services in high-traffic public locations, acquired LinkSpot Networks, a Reston, VA based provider of broadband wireless services to RV resorts and campgrounds, for an undisclosed amount.
Microsoft acquired FrontBridge Technologies, a Marina del Rey, CA based provider of managed services that address corporate e-mail security, compliance, and availability requiremements, for an undisclosed amount.
mindSHIFT Technologies, a Fairfax, VA based provider of comprehensive managed information technology (IT) services, acquired Dynamic Digital Services (DDS), a Levittown, PA based provider of IT services to small and medium businesses in the greater Philadelphia marketplace, for an undisclosed amount.
mindSHIFT Technologies also acquired Union Square Technology Group LLC, a provider of IT systems integration, professional services and managed services for the legal sector, for an undisclosed amount.
Similarity Systems, a Dublin based supplier of business-focused data quality solutions, acquired Evoke Software, a San Francisco based provider of data discovery and profiling software, from Conversion Services International, for an undisclosed amount.
Funding
Aceva Technologies – San Mateo, CA; a provider of enterprise solutions for revenue and receivables management; $5.28 million; Series D; Sequoia Capital, Accel Partners, Clearstone Venture Partners.
ActiveGrid – San Francisco, CA; a commercial open source company; $10 million; Series B; Worldview Technology Partners, Allegis Capital, Hummer Winblad Venture Partners.
Artifact Network - Baltimore, MD; a provider of on-demand software for managing global application development; $5 million; Series A; Draper Atlantic, Intersouth Partners, New Markets Growth Fund (NMGF).
Echovox – Geneva, Switzerland; a developer of solutions for the delivery and monetisation of mobile content, applications and services; $5 million; round not specified; Newbury Ventures.
Ellacoya Networks – Merrimack, NH; a provider of carrier-class intelligent bandwidth management systems for broadband IP networks,; $13.5 million; Series F; BCE Capital, Atlas Venture, Canaan Partners, Flagship Ventures, Lightspeed Venture Partners.
Farecast (fka Hamlet) – Seattle, WA; a developer of predictive pricing technology for the airline ticketing industry; $7 million; Series B; Greylock, Madrona Venture Group, WRF Capital.
GraniteEdge Networks – Seattle, WA; a provider of network security; $5 million; Series A; Outlook Ventures, OVP Venture Partners
JasperSoft – San Francisco, CA; a provider of commercial open source reporting solutions; $8 million; Series C; Partech International, DCM-Doll Capital Management, Morgenthaler Ventures.
Nevis Networks – Santa Clara, CA; a provider of LAN security systems; $12.5 million; Series B; BlueRun Ventures, New Enterprise Associates (NEA), NewPath Ventures.
Quickshift – Austin, TX; a provider of software solutions that boost server performance; $5.2 million; Series B; CenterPoint Ventures, InterWest Partners, STARTech Early Ventures.
Rapport – Redwood City, CA; a provider of next generation low-cost, multiprocessor chips that can be dynamically configured for compute-intensive applications at low power; $7 million; Series A; Techfarm Ventures.
RedSky Technologies – Chicago, IL; a developer of automated E-911 solutions for enterprises and government agencies; undisclosed amount; Series A; CID Equity Partners, Dunrath Capital.
SeeWhy Software – Windsor, UK; a vendor of Operational Business Intelligence software; $3.5 million; Series B; LogiSpring Management, Delta Partners, Pentech Ventures.
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