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Executive Moves
AirBand Communications, a Dallas based fixed wireless company for business customers, named Mark F. Spagnolo as President & CEO. Spagnolo was formerly CEO of Broadwing Communications.
Aruba Networks, a Sunyvale, CA based enterprise infrastructure company, named Steffan Tomlinson as CFO. Tomlinson was formerly CFO at Peribit Networks.
BlueRun Ventures, a Menlo Park, CA based venture capital fund focused on early stage companies in the IT, mobile, and consumer markets, named Andrew Chen as Investment Director for its new Shanghai office. Chen was formerly a business director with Silicon Storage Technologies.
CipherTrust, an Atlanta based provider of solutions to stop inbound e-mail threats such as spam, viruses, intrusions, spyware and phishing, named Thomas Williams as CFO. Williams was formerly CFO and EVP of Indus International.
Coradiant, a San Diego based provider of real-user monitoring equipment for data center applications, named Steve Hunt as VP of Engineering, Tom Clarkson as VP of Marketing and Andy Kaiser as VP of Finance. Hunt was formerly VP of Engineering at Netsift. Clarkson was formerly VP of Marketing at IPivot. Kaiser was formerly employed by IPivot, Primary Access and WireCache.
Credant Technologies, an Addison, TX based provider of mobile device security software, named Richard Stone as VP of Business Development. Stone was formerly Wireless & Mobility Solutions Manager for the Americas at Hewlett-Packard.
Fortinet, a Sunnyvale, CA based provider of ASIC-accelerated, network-based multi-threat security systems for real-time network protection, named Chris Roeckl as VP of Corporate Marketing and Todd Nelson as VP of Legal and General Counsel. Roeckl was formerly Senior Director of Product & Technical Marketing at Infoblox. Nelson was formerly an attorney for law firm Wilson Sonsini Goodrich & Rosati.
Red Bend Software, a Framingham, MA based provider of firmware over-the-air (FOTA) update technology for mobile devices, named Dominique Jodoin as EVP for Business Strategy and President of US Field Operations. Jodoin was formerly VP of Business Development for Alcatel's mobile systems division.
Taleo, a San Francisco based provider of on demand talent management solutions, named Neil Hudspith as Group VP and Managing Director, EMEA. Hudspith was formerly employed by IBM.
Tentoe, a Pleasanton, CA based Product Information Management (PIM) software company, named Cameron Lorentz as VP of Sales. Lorentz was formerly VP of Sales at NetContinuum.
VaST Systems Technology, a Sunnyvale, CA based embedded systems design automation company, named Kyle A. Park as CFO. Park was formerly CFO for Tera Systems, ReShape, Jasper Design Automation and etNetworks.
XOsoft, a Waltham, MA based provider of continuous application availability software solutions, named David Fay as VP of Finance. Fay was formerly Corporate Controller and Director of Operations for Marathon Technologies Corporation. Executive search completed by Venator Partners.
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Mergers & Acquisitions
Ageia Technologies, a Mountain View, CA based developer of hardware-accelerated physics for games, acquired Meqon Research, a Swedish physics development company, for an undisclosed amount.
CheckFree, a Norcross, GA based provider of financial electronic commerce services and products to organizations around the world, acquired Integrated Decision Systems (IDS), a New York based provider of enterprise portfolio management solutions to the financial services industry, for $18 million.
Eureka Networks, a New York based provider of integrated communications services, merged with InfoHighway Communications, a Melville, NY based Integrated Communications Provider (ICP), for an undisclosed amount.
G-mode, a Tokyo based developer of games for JavaTM-compatible mobile phones, acquired Acoustic, the sound production unit of Mountain View, CA based Improvista Interactive Music, for over $2.6 million.
Intelsat, a Bermuda based global communications provider, merged with PanAmSat, a provider of video, broadcasting and network distribution and delivery services, for $3.2 billion.
Microsoft acquired Teleo, a San Francisco based developer of software for Internet telephony, for an undisclosed amount.
NextWeb, a Fremont, CA based fixed-wireless Internet service provider for business, acquired 1st Universe, a Huntington Beach, CA based fixed-wireless service provider in Southern California, for an undisclosed amount.
Vision Technologies Systems, an Alexandria, VA based provider of engineering solutions, products, integrated systems, and services in the Americas across the core business areas of marine, aerospace, electronics and land systems, acquired iDirect Technologies, a manufacturer of two-way internet protocol-based broadband satellite networking solutions, in a deal valued at $165 million.
Funding
Business Engine Software – San Francisco, CA; provider of collaborative project portfolio management software; $4 million; Recap Round; Crossmark Capital, Oak Investment Partners, Technology Crossover Ventures (TCV).
Canesta – Sunnyvale, CA; a developer of electronic perception technology that enables ordinary electronic devices to perceive and react to nearby objects or individuals in real time; $12 million; Series C-1; Carlyle Group, KGIF, Techfund Capital, Venrock Associates.
DiBcom – Palaiseau, France; a fabless semiconductor company specializing in chipsets for mobile TV; $30 million; Series E; Partech International, 3i Group, Cipio Partners, Convergent Capital (France), Credit Agricole, Freescale Semiconductor, Intel Capital, SGAM, UMC Capital, Vertex Venture Capital Israel, WI Harper.
Eptica – Boulogne Billancourt, France; a provider of e-crm software solutions; $2.47 million; Series C; XAnge Private Equity, Credit Agricole.
Gracenote – Emeryville, CA; a provider of digital entertainment technology and content; $10.9 million; Series E; Bessemer Venture Partners, Individuals, Sequoia Capital, Simon Investors.
iConclude – Bellevue, WA; a developer of problem resolution management software; $3 million; Series A; Madrona Venture Group, Cronus Ventures.
Improvista Interactive Music – Mountain View, CA; a provider of ring tone remixing services for 3G wireless carriers; $500K; Series C; G-mode.
InSciTek Microsystems – Fairport, NY; a provider of the Allworx 10x, an IT and telephony product for small to mid-sized businesses; $4 million; round not specified; High Peaks Venture Partners, Advantage Capital Partners.
LGC Wireless – San Jose, CA; a provider of in-building wireless networking solutions; $2 million; Series B-1; GunnAllen Venture Partners.
Luminous Networks – Cupertino, CA; a provider of multi-service provisioning platforms that support voice, data, video, and wavelength services; undisclosed amount; Series B1; DCM-Doll Capital Management, Morgan Stanley Venture Partners, Vanguard Ventures.
Q Inc – San Francisco, CA; a provider of network quality monitoring solutions; undisclosed amount; round not specified; Target Partners.
Quellan – Santa Clara, CA; provider of high performance signal integrity analog ICs; $12 million; Series B; Menlo Ventures.
Rawflow – London, UK; a developer of P2P streaming software; $4 million; round not specified; Benchmark Capital.
Reaxion – Seattle, WA; a publisher and developer of mobile games; $2 million; Series A; i-Hatch Ventures.
Teknovus – Petaluma, CA; provider of Ethernet Passive Optical Networks (EPON) chipsets for the deployment of IPTV in broadband access networks; $13 million; Series C; Focus Ventures, Infotech Ventures, Mitsubishi, Partech International, Portview Communications Partners, Samsung Ventures America, Southern Ute Indian Tribe Growth Fund, U.S. Venture Partners, VentureTech Alliance, Yasuda Enterprise Development.
Video54 – Mountain View, CA; a developer of technologies and products to deliver higher throughput, whole-house coverage and reliable performance to Wi-Fi networks; $8 million; Series C; Sequoia Capital, WK Technology Fund.
Vuico – Houston, TX; a mobile software company; undisclosed amount; Series A; Aegis Capital.
Xactly – San Jose, CA; a developer of a Web-based sales compensation application for mid-market companies; $4 million; Series A; Bay Partners, Rembrandt Venture Partners. |
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