Mergers & Acquisitions

Micronas Semiconductor, a Zurich based provider of IC and sensor system solutions for consumer and automotive electronics, acquired WISchip International, a Santa Clara, CA based provider of digital video and audio semiconductor solutions, for $80 million.

Neoware Systems, a King of Prussia, PA based provider of enterprise software, thin client appliances and related services, acquired Maxspeed, a Palo Alto, CA based provider of customized thin client solutions, for $24 million.

PrismTech, a Burlington, MA based provider of productivity tools and middleware, acquired Top Graph’X, a Marcoussis, France based provider of Real-Time CORBA solutions for distributed systems, for an undisclosed amount.

Sand Hill IT Security, a Menlo Park, CA based targeted acquisition corporation with an exclusive focus on IT security, merged with St. Bernard Software, a San Diego based IT security company, for an undisclosed amount.

SunGard, a Wayne, PA based provider of integrated software and processing solutions for financial services, acquired GetPaid, a provider of accounts receivable (AR) and collections management software for working capital optimization, for an undisclosed amount.

Tdsoft, a Herzlia, Israel based provider of VoIP gateways merged with VocalTec Communications, a Herzliya, Israel based telecom equipment provider, for an undisclosed amount.

TravelCLICK, a Schaumburg, IL based provider of hotel business process management solutions, acquired Vantis International, a Canadian provider of travel reservations and marketing services, for an undisclosed amount.

VeriSign acquired Retail Solutions, a Lincoln, RI based provider of operational POS data to the retail industry, for $24 million.

Funding

Alereon – Austin, TX; a fabless semiconductor company developing wireless solutions for the WiMedia Ultrawideband (UWB) and Certified Wireless USB (W-USB) markets; $21.53 million; Series B; Austin Ventures, Centennial Ventures, Duchossois Technology Partners, ECentury Capital Partners, Genesis Campus, Pharos Capital Group, PTV Sciences.

Aruba Networks – Sunnyvale, CA; an enterprise infrastructure company; $25 million; Series D; Artis Capital Management, Matrix Partners, Sequoia Capital, Trinity Ventures, WK Technology Fund.

Austin Logistics – Austin, TX; provider of predictive analytics and business intelligence software solutions; $8 million; Series B; Total Technology Ventures, Apex Venture Partners, Baird Venture Partners (BVP), North Hill Ventures, Svoboda, Collins.

Carefx – Scottsdale, AZ; a provider of strategic, open and scalable solutions that simplify access to patient information; $12.3 million; Series B; Appian Ventures, CB Health Ventures, Grayhawk Ventures, Highway 12 Ventures, Solstice Capital, UV Partners (Utah Ventures), Village Ventures.

Centeris – Bellevue, WA; a developer of software used to manage Linux servers in a Microsoft Windows network; $5 million; Series A; Ignition Partners.

Ciclon Semiconductor Device – Bethlehem, PA; a developer of high frequency, high efficiency power semiconductor solutions; $12 million; Series A; TL Ventures, Venrock Associates.

CloudShield Technologies – Sunnyvale, CA; a developer of programmable deep packet inspection platforms for security, VoIP and traffic management applications; $10 million; round not specified; ComVentures, Foundation Capital, Paladin Capital Management, TPG Ventures.

CreateHope – Washington, DC; manages corporate and government philanthropy initiatives through innovative business process technologies, services and solutions; $3.8 million; Series B; Enhanced Capital Partners.

GFI Software – London, UK; a provider of network security, content security and messaging software; undisclosed amount; round not specified; Insight Venture Partners.

Graitec – Beivres, France; a provider of CAD and calculation solutions for structural engineering and construction; $5.4 million; round not specified; CDC Entreprises Innovation, BNP Paribas Private Equity, Credit Agricole Private Equity.

Moblize – Houston, TX; an energy service company providing open and low-cost optimization solutions for remote oil field assets; undisclosed amount; Series B; Contango Capital Management, CTTV Investments.

Siterra – Novato, CA; a provider of project, document and property management solutions; $6.5 million; Series C; Centennial Ventures, Catamount Ventures, Raycliff Capital, The Hillman Company.

W5 Networks – Fremont, CA; a provider of wireless applications for the retail industry; $10 million; Series A; Thomas Weisel Venture Partners (TWVP), U.S. Venture Partners.

IPO Pricings

MathStar, Inc. (NASDAQ: MATH)
Minnetonka, MN
Fabless semiconductor company
Date of Offering: 10/27/05
Offer price: $6.00
Closing price as of 10/28/05: $6.10

NCI, Inc. (NASDAQ: NCIT)
Reston, VA
Provides a variety of information technology services to US government agencies
Date of Offering: 10/24/05
Offer price: $10.50
Closing price as of 10/28/05: $12.17

IPO Filings

Actins Semiconductor Co, Ltd. (NASDAQ: ACTS proposed)
Guangdong, China
Designs system-on-a-chip (SoC) products for the development and manufacture of battery-powered, portable consumer electronic devices
Date of Registration: 10/24/05
Offering amount: $225 million
Lead Underwriter: Credit Suisse First Boston LLC

Executive Moves

BeamExpress, a Sunnyvale, CA based provider of optical transceivers used in the 10Gigabit enterprise applications, named Peter Clark as President, CEO & Board Director. Clark was formerly CEO of Sierra Monolithics Inc.

Broadware Technologies, a Cupertino, CA based developer of distributed video surveillance technology, named Dennis Charlebois as VP of Marketing. Charlebois was formerly VP of Marketing & Technology for Yamas.

Cyber-Ark, a Dedham, MA based developer of Vaulting solutions for securely connecting enterprises, promoted Director of Sales Dan Dinnar to VP of Regional Sales for Asia Pacific.

eSilicon, a Sunnyvale, CA based fabless supplier of custom integrated circuits, named Gino Skulick as VP of Worldwide Sales. Skulick was formerly VP of Epiphany Sales Inc.

ICTV, a Los Gatos, CA based provider of a platform for the delivery and distribution of interactive television programming, named Colin Shave as VP of European Sales. Shave was formerly VP of Sales for NDS.

Imprivata, a Lexington, MA based web security company, promoted SVP of Marketing & Product Management Omar Hussain to President & CEO.

Informance International, a Northbrook, IL based provider of manufacturing performance management solutions, named Stephen McGrady as VP of Professional Services. McGrady was formerly employed by Network Appliance Inc., Business Objects SA and KPMG Consulting.

Intrusic, a Waltham, MA based security software provider, named Pete Privateer as President & CEO. Privateer was formerly employed by Internet Security Systems.

KeyEye Communications, a Sacramento, CA based provider of multi-gigabit-per-second copper-media transceivers, named Dr. Marwan Hassoun as SVP of Engineering. Hassoun was formerly a Senior Director at Xilinx.

Kodiak Networks, a San Ramon, CA based provider of advanced wireless systems for wireless carriers, named Chris Todd as SVP of Worldwide Sales & Field Operations. Todd was formerly SVP of Worldwide Sales at Extreme Networks.

Microbridge Technologies, a Montreal based semiconductor technology company, named Tom Riedl as VP of Sales & Marketing. Riedl was formerly Sales & Marketing Director for Eastern North America at X-Fab Semiconductor.

Siterra, a Novato, CA based provider of project, document and property management solutions, named Bernard Fried as CEO. Fried was formerly CEO of Citadon.

Zilliant, an Austin, TX based provider of strategic pricing solutions, named Eric Hills as VP of Marketing. Hills was formerly GM at Siebel Systems.

Mergers & Acquisitions

Computer Associates acquired iLumin Software Services, a Reston, VA based provider of enterprise message management and archiving software, for an undisclosed amount.

IBM acquired DataPower Technology, a provider of products that help improve security and speed the processing of computer transactions, for an undisclosed amount.

QLogic, an Alisa Viejo, CA based developer of Fibre Channel host bus adapters (HBAs), stackable switches and blade server switches, acquired Troika Networks, a Westlake Village, CA based provider of storage virtualization solutions, for $36.5 million.

SanDisk acquired Matrix Semiconductor, a Santa Clara, CA based developer of 3-D integrated circuit (three dimensional) one-time programmable (OTP) technology, for $250 million.

Talk America, a New Hope, PA based communications provider that offers phone services and high speed internet access to both residential and business customers, acquired Network Telephone, a Pensacola, FL based facilities-based communications provider serving business customers in the BellSouth region, for $20 million.

VeriSign acquired Moreover Technologies, a San Francisco based wholesale aggregator of real-time content for Web sites, search engines and enterprise customers, for $30 million.

Funding

Arkadin– Paris, France; a provider of audio and data conferencing services; $6.2 million; round not specified; CDC Entreprises Innovation, Apax Partners.

AutoCell Laboratories – Acton, MA; a provider of solutions to enhance the performance of data and voice communications over enterprise wireless networks; undisclosed amount; Follow-On; Chestnut Partners, Motorola Ventures, Siemens Venture Capital, Thomas Weisel Venture Partners (TWVP).

Britestream Networks – Austin, TX; provider of hardware-based data privacy solutions; $10 million; Series C; Austin Ventures, Chisholm Private Capital, Granite Ventures, Parker Price Venture Capital, Seed Capital Partners, Technology Associates Management.

Forescout Technologies – Cupertino, CA; a provider of clientless network policy enforcement and intrusion prevention solutions; $10 million; Series D; Amadeus Capital Partners, Accel Partners, Itouchu, Meritech Capital Partners, Pitango Venture Capital.

Goodmail Systems – Mountain View, CA; a developer of a comprehensive email certification platform; $8 million; Series A; DCM-Doll Capital Management, Emergence Capital Partners.

Jambo – Agoura Hills, CA; a developer of a pay-for-performance online advertising solution for local businesses; $5 million; round not specified; Gary Leff & Associates, Kline Hawkes & Co., Westlake Venture Partners.

NetContinuum – Santa Clara, CA; a provider of Web Application Firewalls and Secure Application Gateways; $15 million; round not specified; Menlo Ventures, Entrepia Ventures, Invus Group, NIF Ventures, Palomar Ventures, Siemens Venture Capital.

Ovonyx – Sunnyvale, CA; a a semiconductor memory technology developer; undisclosed amount; round not specified; Intel Capital.

Pacific Star Communications – Portland, OR; a provider of advanced network hardware, software, and services to corporate/enterprise customers; $4.5 million; Series B; Fluke Venture Partners, Benaroya Capital, Invest America.

PanGo Networks – Framingham, MA; a provider of platforms and applications for the location-aware enterprise; $10 million; Series B; Investcorp, Columbia Capital, IDG Ventures Boston.

PolarLake – Dublin, Ireland; a provider of a suite of products for implementing integration solutions based on the enterprise service bus architecture; $7 million; round not specified; Atlantic Bridge Ventures, Add Partners, Delta Partners.

SmartSynch – Jackson, MS; a provider of wireless smart metering technology for the energy industry; $12 million; Series C; Battelle Ventures, Cinergy Ventures, Endeavor Capital Management, GulfSouth Capital, JPMorgan Partners, Kinetic Ventures, Lime Rock Partners, Nth Power, Siemens Venture Capital.

StarVox Communications – San Jose, CA; a facilities-based telecom infrastructure and applications service provider; $9 million; Series A; Deutsche Suisse Asset Management, Novus Ventures, Trinidad Capital Master Fund.

Surf Communication Solutions – Yokne’am, Israel; developer of high-capacity multimedia processing software and boards for the telecommunication infrastructure field; $4 million; round not specified; Giza Venture Capital, Pitango Venture Capital, Texas Instruments.

Vernier Networks – Mountain View, CA; a provider of network access management products that enable enterprises to assure business continuity; $21 million; Series E; Venrock Associates, AllegisCapital, DCM-Doll Capital Management, Foundation Capital, Masthead Venture Partners, UV Partners (Utah Ventures), Weber Capital Management.

Vidient Systems – Sunnyvale, CA; a developer of behavior recognition software; $12 million; Series B; Canaan Partners, Blueprint Ventures, Hotung Venture Capital, Trident Capital.

IPO Pricings

PokerTek, Inc. (NASDAQ: PTEK)
Matthews, NC
Developer of hardware and software for poker players
Date of Offering: 10/14/05
Offer price: $11.00
Closing price as of 10/21/05: $10.75

IPO Filings

Saifun Semiconductors Ltd. (NASDAQ: SFUN proposed)
Netanya, Israel
Developer of intellectual property (IP) designs for non-volatile memory (NVM) semiconductors
Date of Registration: 10/21/05
Offering amount: $107.5 million
Lead Underwriter: Lehman Brothers, Inc.

SMART Modular Technologies (NASDAQ: SMOD proposed)
Fremont, CA
Maker of PC cards, embedded computers and memory modules
Date of Registration: 10/19/05
Offering amount: $230 million
Lead Underwriter: Citigroup Global Markets, Inc.

Executive Moves

Aperto Networks, a Milpitas, CA based WiMAX systems provider, named Glenn Tamaru as VP of Operations. Tamaru was formerly VP of Operations at GoDigital.

Black Duck Software, a Waltham, MA based provider of software compliance management solutions, named Douglas Johnson as SVP and CFO. Johnson was formerly COO and CFO for Thinq Learning Solutions.

Camiant, a Marlborough, MA based provider of solutions which enable the delivery of all IP multimedia applications, named Phil Sorsky as VP. Sorsky was formerly a VP with Telsima.

Digital Harbor, a Reston, VA based provider of software for building and using composite applications, named Dean Mericka as VP of Sales. Mericka was formerly employed by IBM and BMC Software.

Digital Railroad, a New York based provider of Web-based application services for the professional photography, named Lee Corkran as VP of Products. Corkran’s was formerly employed by Hewlett-Packard, Yahoo and Eastman Kodak.

Envox Worldwide, a Westborough, MA based global provider of voice solutions, named Tony Lenox as VP of Worldwide Customer Service and Support. Lenox was formerly Sr Director of Global Customer Support at Pegasystems.

Marathon Technologies, a Littleton, MA based provider of availability software that delivers 24/7 continuous systems availability and disaster protection for Windows applications, named Joe Impellizeri as CFO, Steven Keilen as VP Marketing and David Mazursky as VP Services. Impellizeri was formerly CFO with Syncra Systems. Keilen was formerly VP, Industry Marketing at Stratus Technologies. Mazursky was formerly with Lucent Technologies’ Network Systems Group.

NetContinuum, a Santa Clara, CA based provider of Web Application Firewalls and Secure Application Gateways, named Varun Nagaraj as CEO. Nagaraj was formerly VP of Product Management at Extreme Networks.

Oblicore, a Columbia, MD based provider of service level and business service management software, named Kevin Carr as VP of Sales for the Americas. Carr was formerly VP of Sales for Candle Corp.

Orative, a San Jose based developer of mobile software, named Bill Dumont as VP of Sales. Dumont was formerly SVP of International Sales at Concerto Software.

Passkey International, a Quincy, MA based provider of online group reservations software, named Steven Shapiro as CFO and SVP of Operations. Shapiro was formerly CFO and chief operating officer at SquareAnswer.

Rapt, a San Francisco based provider of pricing and profitability management solutions, named C. Curtis Lockton as VP, Marketing and Ben Crain as VP, Media Business Development. Lockton was formerly VP of Marketing & Business Development at SuccessFactors. Crain was formerly employed by Microsoft.

SentitO Networks, an Acton, MA based provider of carrier-grade, distributed VoIP switching and service delivery solutions for global telecommunications service providers, named Gary Kraemer as CFO and Paul Nikfarjam as VP of Product Management. Kraemer was formerly CFO at Tira Wireless. Nikfarjam was formerly employed by Motorola.

StrikeIron, a Research Triangle Park, NC based developer of the StrikeIron Web Services Business Network (WSBizNet) business platform for buying and selling Web services, named Co-Founder & President Bob Brauer as President & CEO.

Topio, a Santa Clara, CA based provider of enterprise software for data replication and recovery, named Bud Broomhead as SVP of Business Development. Broomhead was formerly employed by Sun Microsystems.

Worksoft, a Dallas based provider of automated software quality solutions, named Ed Krupa as VP of Worldwide Sales. Krupa was formerly EVP of Sales & Operations for Citadel Security Software.

Mergers & Acquisitions

BEA Systems, a San Jose based provider of enterprise infrastructure software, acquired ConnecTerra, a Cambridge, MA based provider of RFID middleware technology, for an undisclosed amount.

Blackboard, a Washington, DC based provider of enterprise software and services to the education industry, acquired WebCT, a Lynnfield, MA based provider of e-learning systems to institutions of higher education, for $180 million.

Embarcadero Technologies, a San Francisco based provider of data lifecycle management solutions, acquired Ambeo, a provider of database auditing, access and usage monitoring, for $6 million.

MOSAID Technologies, an Ontario based supplier of memory test and analysis systems to semiconductor manufacturers, foundries and fabless semiconductor companies, acquired Virtual Silicon Technology, a Sunnyvale, CA based supplier of semiconductor intellectual property (SIP), for $5.35 million.

Visiprise, an Alpharetta, GA based provider of solutions that manage and control complex manufacturing operations for product quality and compliance, merged with HMS Software, a Concord, MA developer of information management systems for discrete manufacturing and assembly, for an undisclosed amount.

Westec InterActive, an Irvine, CA based provider of interactive security and remote monitoring solutions, acquired d2 Digital Designs, DV Dallas and Sparta Consulting Group for undisclosed amounts. D2 Digital Designs is a Dallas based developer of online applications for digital video, portals, training and interactive applications. DV Dallas is a provider of remote video monitoring hardware to small, commercial and enterprise businesses. Sparta Consulting Corp. is a Frederick, MD based provider of physical security solutions for high-risk environments.

Wily Technology, a Brisbane, CA based provider of enterprise application management solutions, acquired Timestock, a Palo Alto, CA based developer of enterprise management software, for an undisclosed amount.

Funding

Fluency Voice Technology – London, UK; a provider of speech recognition applications to improve sales and customer service; $5.3 million; Series B; Favonius Ventures, Kennet Venture Partners.

GlobalWare Solutions – Haverhill, MA; a provider of supply chain outsourcing solutions; $10 million; round not specified; Mezzanine Management LLC.

LogicalApps – Irvine, CA; provider of business controls automation software for enterprise applications; $14 million; Series A; Sequoia Capital, Mission Ventures.

Narad Networks – Westford, MA; a provider of high performance broadband access solutions for cable systems; undisclosed amount; round not specified; Argo Global Capital, Polaris Venture Partners.

NP Photonics – Tucson, AZ; a supplier of single frequency fiber lasers for optical-sensing applications in the oil and gas, and security/military markets as well as in medical imaging and general research sectors,; $2 million; Series A2; Shepherd Ventures.

PropheSi Technologies – Austin, TX; a provider of semiconductor components for high-efficiency power amplifiers for the wireless telecommunications industry; $8.3 million; Series B; Austin Ventures, Bay Partners, Genesis Campus.

Sensory Networks – Palo Alto, CA; a provider of network security acceleration technology; $10 million; Series C; DB Capital Partners, Individuals’ Venture Fund, JAFCO Investment (Asia Pacific), Technology Venture Partners, Xilinx.

Traiana – San Mateo, CA; a developer of trading relationship management solutions for cross-asset prime brokerages; $15 million; Series D; Pitango Venture Capital, Evergreen Partners, Gemini Israel Venture Funds, Sequoia Capital.

IPO Pricings

Ikanos Communications (NASDAQ: IKAN) Fremont, CA
Developer of Fiber Fast™ broadband solutions
Date of Offering:
Offer price: $12.00
Closing price as of 10/14/05: $10.14

Taleo Corporation (NASDAQ: TLEO)
San Francisco, CA
Provider of staffing management software
Date of Offering: 9/29/05
Offer price: $14.00
Closing price as of 10/14/05: $12.42

WebMD Health Holdings (NASDAQ: WBMD)
New York, NY
Web and publishing division of Emdeon
Date of Offering: 9/29/05
Offer price: $17.50
Closing price as of 10/14/05: $25.69

IPO Filings

NTELOS Holding Corp (NASDAQ: NTLS proposed) Waynesboro, VA
Provider of wireless services
Date of Registration: 10/6/05
Offering amount: $175 million
Lead Underwriter: Lehman Brothers, Inc.

Executive Moves

Atrica, a Santa Clara, CA based provider of a full range of Carrier Ethernet transport solutions to service providers delivering Metro Ethernet services, named Scott Messenger as VP of Marketing. Messenger was formerly Director of Product Marketing & Product Line Management for Cisco System’s optical business unit.

CloudShield Technologies, a Sunnyvale, CA based provider of programmable deep packet inspection platforms for security, VoIP and traffic management applications, named Matt Jones as President & CEO. Jones was formerly CEO of Allocity.

Cogency Software, a Burlingame, CA based provider of integrated management solutions for the alternative investment space, named Michael Poisson as VP of Sales. Poisson was formerly SVP and Managing Director for SunGard Treasury Systems.

CollabNet , a Brisbane, CA based provider of on-demand (SaaS) distributed software development solutions, named Richard Murray as VP of Engineering. Murray was formerly VP of Engineering at Reuters.

Mindreef, a Hollis, NH based provider of collaborative solutions for Web services and service-oriented architectures (SOA), named Lee Phillips as VP of Sales. Phillips was formerly VP of Worldwide Sales & Customer Support at Lumigent Technologies.

Narad Networks, a Westford, MA based provider of high performance broadband access solutions for cable systems, named Michael Collette as CEO. Collette was formerly CEO of Ucentric Systems.

NetForensics, an Edison, NJ based provider of security information management software, named Director Dennis Cline as CEO.

Oblicore, a Columbia, MD based provider of service level and business service management software, named John Freker as CEO. Freker was formerly President of the customer management group of Convergys.

Reef Point Systems, a Burlington, MA based provider of carrier-class security solutions for converged wireless and wireline networks, named Dennis Racca as VP of Engineering. Racca was formerly Co-Founder of Northchurch Communications.

Reflexion Network Solutions, a Woburn, MA based provider a lightweight and maintenance-free sender identity-based solution that enables organizations of all sizes to eliminate spam and recapture bandwidth lost in processing spam, named David Hughes as CEO. Hughes was formerly President of the North American operations for Sophos.

ShoreTel, a Sunnyvale, CA based IP PBX company, named Joe Vitalone as VP of Sales & Business Development. Vitalone was formerly SVP of Worldwide Sales at CoVi Technologies.

StarCite, a Philadelphia based provider rovider of On Demand Global Meeting Solutions, named President & COO Michael Boult as CEO.

Strix Systems, a Calabasas, CA based developer of high-performance wireless mesh networking technology, named Nan Chen as VP of Marketing. Chen was formerly VP of Marketing at Atrica.

StrongMail Systems, a Redwood Shores, CA based provider of email infrastructure software, named Chairman Sam Cece as CEO.

Tacoda Systems, a New York based provider of behaviorally-targeted online advertising solutions, named Khan C. Smith as VP of Product Managment. Smith was formerly a senior product planner at MSN.

Xelerated, a Santa Clara, CA based network processor vendor, named Michael Fortin as VP of Sales. Fortin was formerly Director of Sales for Marvell Technology Group Ltd.

Executive Moves

Airimba Wireless, a Richardson, TX based high-speed wireless Internet service provider that delivers turnkey service to multi-dwelling units (MDUs) and their residents, named Mark Guvernator as VP, Network Services and promoted Abel Garcia to Executive Director, Operations. Guvernator was formerly Executive Director of Network Operations at airBand Communications.

Aleri, a Chicago based provider of real-time analytic applications for the financial services industry, named Jeff Wootton as VP of Product Marketing. Wootton was formerly SVP of Products & Services at InfoDyne.

AppForge, an Atlanta based provider of multi-platform mobile and wireless application development solutions, named Graham Wood as CFO. Wood was formerly VP & CFO at GuardedNet.

Arroyo Video Solutions, a Pleasanton, CA based creator of video-on-demand software, named Rick DeGabrielle as President & CEO. DeGabrielle was formerly VP of Sales & Business Development at Catena Networks.

Berkana Wireless, a Campbell, CA based provider of highly integrated CMOS radio frequency (RF) solutions for cellular and other multimode wireless connectivity, named SVP of Worldwide Sales Sam R. Nakib as President & CEO.

BladeLogic, a Waltham, MA based provider of data center automation software, named John McMahon as SVP, Worldwide Sales & Services and Melissa Cruz as CFO. McMahon was formerly employed by Parametric Technology Corp., GeoTel and Ariba. Cruz was formerly employed at Digital Equipment Corp.

Bytemobile, a Mountain View, CA based provider of mobile network services and optimization solutions, named Michael Conley as VP, Asia Pacific; Scot Briggs as VP, Sales Operations; and Patty Downey as VP & General Counsel. Conley was formerly VP of Sales for iPolicy Networks. Briggs was formerly VP of Global Operations at Tapwave. Downey was formerly employed by Siebel Systems.

Cape Clear Software, a London based provider of Enterprise Service Bus (