Mergers & Acquisitions

Click Commerce, a Chicago based provider of collaborative commerce solutions, acquired Requisite Technology, a Westminster, CO based developer of Master Data Management solutions for transforming disorganized plant, material, and finished product data into consistent information repositories, for an undisclosed amount.

SAP, a Walldorf, Germany based provider of customer demand management solutions for retail, financial services and consumer products goods (CPG) industries, acquired Khimetrics, a Scottsdale, AZ based provider of enterprise software solutions that allow retailers to analyze how to price and position items to boost margins and optimize demand, deliver accurate profitability forecasts and implement long-term sales strategies that promote customer retention, for an undisclosed amount.

SonicWALL, a Sunnyvale, CA based provider of security, mobility, and productivity solutions, acquired Lasso Logic, a San Francisco based developer of data protection solutions for businesses and remote offices with less than 100 employees, and enKoo, a San Jose based developer of remote access technology, for an undisclosed amount.

Funding

CopperGate Communications – Tel Aviv, Israel; a supplier of chipset solutions for multimedia home networking; $14.5 million; Series C; Carmel Ventures, Tamir Fishman Ventures, The Challenge Fund.

CoMeT Solutions – Albuquerque, NM; a provider of software-based solutions that accelerate innovation by enabling product simulation and virtual prototyping; $3.5 million; round not specified; undisclosed investors.

iBiquity Digital – Columbia, MD; a developer and licenser of HD Radio, digital AM, and FM broadcast technology, which will transform traditional analog radio to digital, enabling radically improved sound and new services; undisclosed amount; corporate round; Intel Capital.

Radiate – Walnut Creek, CA; a developer of location-based social networking software; $1.55 million; Series A; New Enterprise Associates (NEA), Sequoia Capital.

Reksoft – St. Petersburg, Russia; a provider of offshore software development services; $2 million; round not specified; Martinson Trigon Venture Patrtners.

Swyx Solutions – Dortmund, Germany; a vendor of IP Telephony systems to the SME market; $9.1 million; round not specified; ABN Amro Capital, T-Venture Holding, Wellington Partners Venture Capital.

IPO Filings

Wider Than Co (NASDAQ: WTHN proposed)
Seoul, South Korea
Provides wireless mobile Internet applications and services
Date of Registration: 11/18/05
Offering amount: $90 million
Lead Underwriter: J.P. Morgan Securities, Inc.

Executive Moves

CipherTrust, an Atlanta based provider of messaging security solutions, named Steve Sheinbaum as VP of Channels & Distribution. Sheinbaum was formerly Director of Distribution Sales in the Americas for Nokia Enterprise Solutions.

Digital Railroad, a New York based provider of Web-based application services for the professional photography industry, named Charles Mauzy as President. Mauzy was formerly an executive in Microsoft’s Windows Media, Entertainment & Technology Convergence Group.

MX Logic, a Denver based provider of innovative email defense solutions that ensure email protection and security for businesses, service providers, government organizations, resellers and their customers, named Ken Totura as VP of Channel Sales. Totura was formerly Director of Partner Development for Vericept.

NextHop Technologies, a Mountain View, CA based provider of networking software solutions, named PG Menon as VP of Marketing and promoted Director of Engineering Daniel Edelson to VP of Engineering. Menon was formerly VP and GM at Arris.

Poindexter Systems, a New York based provider of real-time, audience-based, predictive modeling solutions that lift online consumer response, named Toby Gabriner as CEO. Gabriner was formerly President at Carat Fusion.

Potentia Semiconductor, an Ottawa based maker of power-management chips, promoted VP of Sales Tom Griffin to President & CEO.

Revivio, a Lexington, MA based provider of continuous data protection (CDP) solutions, named Jeff Scibilia as VP of Enterprise Sales. Scibilia was formerly Director of Sales for Amherst Technologies.

Rubicon Consulting, a Los Gatos, CA based provider of go-to-market strategies for the software and high-tech industry, named Michael Mace as Principal. Mace was formerly Chief Competitive Officer of Palm Inc.

Mergers & Acquisitions

Citrix Systems, a Fort Lauderdale based provider of access infrastructure solutions, acquired Teros, a Sunnyvale, CA based developer of provider of application security solutions, for an undisclosed amount.

CMP Media, a Manhasset, NY based marketing solutions company, acquired Black Hat, a Seattle, WA based producer of information security conferences and training that includes Black Hat Briefings and Conferences, for an undisclosed amount.

Compassoft, a Scotts Valley, CA based provider of regulatory compliance initiatives and enterprise risk management (ERM) solutions, acquired Wimmer Systems, a Liberty, MO based provider of spreadsheet compliance solutions, for an undisclosed amount.

Force10 Networks, a Milpitas, CA based provider of gigabit and 10-gigabit Ethernet routers and switches, acquired MetaNetworks, a San Jose based developer of line-rate 10 Gigabit intrusion detection and prevention technology, for an undisclosed amount.

IBM acquired Collation, a Redwood City, CA based developer of application visibility solutions, for an undisclosed amount.

Meeting Maker, a Waltham, MA based provider of realtime, collaborative group scheduling solutions and online meetings, acquired PeopleCube, a Twickenham, UK provider of advanced on-demand Business Process Management (BPM) applications, for an undisclosed amount.

NICE Systems, a Ra’anana, Israel based provider of advanced solutions that enable organizations to extract Insight from Interactions™ to drive performance, acquired FAST Video Security, a Huenenbert, Switzerland based developer of innovative video systems for security and surveillance purposes, for $21 million.

Oracle acquired both Thor Technologies, a New York based provider of cross- platform provisioning solutions, and OctetString, a Schaumberg, IL based provider of virtual directory software, for an undisclosed amount.

Funding

Active Endpoints – Shelton, CT; a provider of services-oriented integration solutions; $6 million; Series B; Atlas Venture, North Bridge Venture Partners.

Anagran – Redwood City, CA; a developer of a customer premises equipment (CPE) IP router; $14 million; Series B; ArrowPath Venture Capital, Draper Fisher Jurvetson (DFJ).

BroadLight– Mountain View, CA; a supplier of ITU-T semiconductors, software and transceivers for fiber-to-the-premises (FTTP) deployments; $10 million; Series D; Motorola Ventures.

Continuity Software – New York, NY; a provider of Business Continuity software solutions; undisclosed amount; Series A; Giza Venture Capital.

Game Trust – New York, NY; a developer of billing and premium play infrastructure for online games.; $9 million; Series B; CSK Venture Capital, Draper Associates, NJTC Venture Fund, Patriot Capital, Silicon Alley Venture Partners, TopSpin Partners, TWJ Capital.

GraniteEdge Networks – Bellevue, WA; $1.5 million; Series A; a developer of event-based network security appliances for the enterprise; Acartha Group.

i-solutions Global – UK; a provider of enterprise software for enabling strategy execution; $436K; Series A; Midven.

JackBe – Bethesda, MD; a provider of enterprise AJAX software solutions and professional services; $6.5 million; Series B; Blue Chip Venture Company, Darby Technology Ventures, Intel Capital, Maryland Department of Business and Economic Development (DBED).

LOC-AID Technologies – Boca Raton, FL; a provider of end-to-end location-based services (LBS) aggregation technology; $5 million; Series A; H.I.G. Ventures, Intersouth Partners.

Mempile – Neve Ilan, Israel; provider of high-density, removable storage technology; $10.5 million; Series C; Jerusalem Venture Partners, Alta Berkeley Venture Partners, Israel Seed Partners, Millennium Materials Technologies Fund

Metara – Sunnyvale, CA; a provider of inline chemical metrology solutions for the semiconductor industry; $11.5 million; Series E; Cipio Partners, Compass Venture Partners, Merifin Capital, VantagePoint Venture Partners.

NetRegulus– Centennial, CO; a provider of enterprise compliance software for regulated industries; $6.2 million; Series B; Grayhawk Ventures, Advantage Capital Partners, Beecken Petty O’Keefe & Company, KB Partners, Odin Capital Group, Staley Capital Advisors.

Octavian Scientific – Portland, OR; a developer of semiconductor test technology; $6.6 million; Series A; Northwest Technology Ventures, OVP Venture Partners, TL Ventures.

On Demand Microelectronics – Vienna, Austria; a provider of IP and SoCs; $12 million; Series A; Austria Wirtschaftsservice, Bank Austria, gamma capital partners, High Tech Private Equity.

OQO – San Francisco, CA; manufacturer of the model 01 and model 01+ ultra personal compute; $20 million; Series D; Paladin Capital Management, AsiaTech Management, Azure Capital Partners, Motorola Ventures.

Pandora Media – Oakland, CA; a provider of advanced music recommendation, navigation, and marketing software to the online music industry; $12 million; Series C; Crosslink Capital, Labrador Ventures, Selby Venture Partners, WaldenVC.

Perfect Commerce – Kansas City, MO; provider of On-Demand Supplier Relationship Management (SRM) solutions; $30 million; round not specified; Apax Partners.

Reflexion Network Solutions – Woburn, MA; a provider of sender identity-based and traditional spam prevention methods; $2.75 million; Series B; Boston Capital Ventures.

Sensor Platforms – Santa Rosa, CA; a fabless semiconductor company providing standardized integrated circuits (IC) to the sensor industry; $6.6 million; Series A; ArrowPath Venture Capital, Newbury Ventures.

Sepaton – Marlborough, MA; a provider of high-performance data protection solutions; $15 million; round not specified; Jerusalem Venture Partners, Menlo Ventures, Valhalla Partners.

SpaceClaim– Concord, MA; a developer 3D modeling and design software; $6.3 million; Series A; Kodiak Venture Partners, North Bridge Venture Partners.

Stoke – Mountain View, CA; a developer of a service delivery infrastructure that enables fixed mobile convergence and supports service over any infrastructure using a consumer device; $20 million; Series B; Integral Capital Partners, Kleiner Perkins Caufield & Byers, Pilot House Ventures Group, Presidio STX, Sequoia Capital.

Strix Systems – Calabasas, CA; a provider of high-performance wireless mesh networking technology; $12 million; round not specified; Crosslink Capital, El Dorado Ventures, Palomar Ventures, UV Partners (Utah Ventures), Windward Ventures.

ViaLogy – Pasadena, CA; a developer of active signal processing software; $5.3 million; Series B; BioProjects International, First Ventury.

Trumba – Seattle, WA; a provider of an online calendar service; $8 million; round not specified; August Capital, Kleiner Perkins Caufield & Byers, Oak Investment Partners.

VividLogic– Fremont, CA; a provider of Digital Home Entertainment Infrastructure software; $3 million; Series A; Constellation Ventures.

IPO Pricings

Vimicro International Corp (NASDAQ: VIMC)
Beijing, China
makes audio and video signal processing chips that enable multimedia communications and applications
Date of Offering: 11/15/05
Offer price: $10.00
Closing price as of 11/18/05: $9.07

IPO Filings

Scopus Video Networks, LTD (NASDAQ: SCOP proposed)
Rosh Ha’ayin, Israel
designs and manufactures digital television broadcasting equipment used to build video and data networks
Date of Registration: 11/18/05
Offering amount: $49.5 million
Lead Underwriter: Thomas Weisel Partners LLC

Executive Moves

Affinnova, a Waltham, MA based developer of software that applies genetic algorithm technologies for use in consumer product design, named Waleed Al-Atraqchi as President & CEO. Al-Atraqchi was formerly President of Imagitas Corp.

ArcSight, a Cupertino, CA based provider of Enterprise Security Management (ESM) software, named Vijay Iyer as VP of Business Development and Haiyan Song as VP of Engineering. Iyer was formerly VP of Sales & Business Development at Intacct Corp. Song was formerly VP of Engineering at SenSage.

Benchmark Capital, a Menlo Park, CA based early-stage high-technology venture capital firm, named Gideon Barak as a Venture Partner in its Israel office. Barak is Chairman and founder of IXI Mobile Inc and Advasense.

Bessemer Venture Partners, a Menlo Park, CA based private venture capital firm, named Babak Nivi as Entrepreneur-in-Residence. Nivi was formerly a consultant to Atlas Ventures.

BitPass, a Menlo Park, CA based provider of a commerce platform for digital content and services, named Douglas S. Knopper as CEO. Knopper was formerly SVP and GM with DoubleClick.

Bivio Networks, a Pleasanton, CA based provider of high-speed computing platforms, named Harbrinder S. Kang as VP of Business Development. Kang was formerly Director of Technical Marketing at Network Appliance.

Ellacoya Networks, a Merrimack, NH based provider of carrier grade service control solutions for broadband IP networks, named Donald W. Pratt as CFO. Pratt was formerly VP of Finance for the switching division of Tekelec.

EStara, a Reston, VA based provider of communications solutions for linking buyers and sellers, named John Federman as CEO. Federman was formerly President & CEO of Dotomi.

Fortinet, a Sunnyvale, CA based provider of ASIC-accelerated, network-based multi-threat security systems for real-time network protection, named Brett White as CFO. White was formerly EVP and CFO for Corio.

GraniteEdge Networks, a Bellevue, WA based developer of event-based network security appliances for the enterprise, named Tony Naughtin as CEO. Naughtin was formerly CEO of Internap Network Services Corp.

HandHeld Entertainment, a San Francisco based portable digital entertainment company, named Tim Keating as COO. Keating was formerly Managing Director with Intel Capital Europe.

N8 Systems, a Berkeley, CA based provider of precision requirements validation for software developers, named Joe Marasco as CEO. Marasco has been retired for the past two years.

Relicore, a Burlington, MA provider of automated, real-time application and server configuration management solutions, named William Dedrick as SVP of Sales. Dedrick was formerly employed by IBM.

SavaJe Technologies, a Chelmsford, MA based developer of an open, Java-based operating system for mobile phones, named Gregory Koss as CEO and William Sorenson as SVP and CFO. Koss was formerly a consultant for Warburg Pincus LLC. Sorenson was formerly Executive Vice President and Chief Financial Officer for EMI Music Publishing.

Sendmail, an Emeryville, CA based provider of enterprise solutions for secure, dependable, and compliant messaging, named Richard Kreysar as President & CEO. Kreysar was formerly President & CEO of Determine Software.

SigmaQuest, a Santa Clara, CA based provider of software for visibility into product performance and quality throughout manufacturing and a product’s lifecycle, named Bob Silver as VP of Sales. Silver was formerly VP of Worldwide Marketing for the Alta business unit at Cadence Design Systems.

Syntricity, a San Diego based provider of enterprise yield management (EYM) software for the semiconductor industry, named Clara Leonida as CFO. Leonida was formerly CFO for Z Microsystems.

Trusted Network Technologies, an Atlanta based developer of identity audit and control solutions, named Jonathan Alexander as VP of Engineering. Alexander was formerly VP at Epiphany.

Mergers & Acquisitions

Airspan Networks, a Boca Raton, FL based provider of broadband wireless access solutions for both licensed and unlicensed operators worldwide, acquired Radionet, an Espoo, Finland based provider of multipoint-to-multipoint broadband network solutions for telephone companies, for $1.88 million.

Arkadin, a Paris based provider of audio and data conferencing services, acquired Scherers Conferencing, a Worthington, OH based provider of audio conferencing and web conferencing services, for an undisclosed amount.

Calix, a Petaluma, CA based supplier of packet-based access solutions that enable carriers to deliver information, communication, and entertainment services to business and residential subscribers, acquired Optical Solutions, a Minneapolis based provider of Gigabit passive optical networks and fiber-to-the-premises systems (FTTP), for an undisclosed amount.

EMCORE acquired Phasebridge, a Pasadena, CA based provider of high performance, high value, miniaturized multi-chip system-in-package optical modules and subsystem solutions for a wide variety of markets, for an undisclosed amount.

Microsoft acquired media-streams.com, a Zurich based developer of communications applications based on VoIP technology, for an undisclosed amount.

Funding

Agistics – Pleasanton, CA; a developer of operational and organizational software solutions for worker productivity; $2 million; Series A; ATA Ventures.

Asankya Networks – Atlanta, GA; a developer of technology that maximizes the performance of all IP-based applications across a wide-area network (WAN); $2.6 million; Series A; Veritas Venture Partners, Seraph Group.

BioPassword – Issaquah, WA; a provider of software-only biometric security solutions; $8 million; Series B; Ignition Partners, OVP Venture Partners.

Clovis Solutions – Petaluma, CA; provider of software-based solutions to facilitate an open-network, open-architecture environment; undisclosed amount; round not specified; AT&T.

Double Fusion – Jerusalem, Israel; a provider of advertising within video games; $10 million; Series B; Accel Partners, Jerusalem Venture Partners.

Firefly Mobile – Chicago, IL; a developer of cellular phones designed for children; $26 million; Series D; ComVentures, Sevin Rosen Funds.

Inetcam – San Diego, CA; a developer of multimedia applications for wireless devices; $12.5 million; round not specified; Equal Elements.

Infinera – Sunnyvale, CA; a provider of telecommunications systems based photonic integration technology; $13 million; Series G; undisclosed investors.

Kovio – Sunnyvale, CA; a developer or semiconductor products using thin film technologies, printed electronics and nanoparticle inks; $3 million; round not specified; Harris & Harris Group.

Mistletoe Technologies – Cupertino, CA; a developer of networking security semiconductors; $14.6 million; Series C; Incubic, Sevin Rosen Funds, Worldview Technology Partners.

m-spatial – Cambridge, UK; a provider of route guidance technology designed to improve the usability of location-based services for mobile phones; $1.74 million; Series D; Alta Berkeley Venture Partners, Delta Partners, Prelude Ventures.

Nanosys – Palo Alto, CA; a developer of nanotechnology-enabled products; $40 million; round not specified; El Dorado Ventures, Alexandria Equities, ARCH Venture Partners, CDIB BioScience Ventures, CW Group, H.B. Fuller, Harris & Harris Group, In-Q-Tel, Intel Capital, Lux Capital, Masters Capital, Medtronic, Polaris Venture Partners, Prospect Venture Partners, UOB Venture Management, Venrock Associates, Wasatch Advisors.

NexTone Communications – Gaithersburg, MD; a provider of distributed and intelligent session management solutions for VoIP and other real-time IP services; $35 million; Series D; One Equity Partners (Lead), BCE Capital, Core Capital Partners, Mid-Atlantic Venture Funds, Safeguard Scientifics.

Siimpel – Arcadia, CA; a developer of MEMS-based optical switching products for communications applications; $20.13 million; Series C; BA Venture Partners (BAVP), Draper Fisher Jurvetson (DFJ), Global Catalyst Partners, Portage Venture Partners, Zone Ventures.

6th Sense Software - Raleigh, NC; a developer of solutions for the measurement and analysis of the effectiveness of software development processes; $750K; Series A; undisclosed investors.

IPO Pricings

Saifun Semiconductors (NASDAQ: SFUN)
Netanya, Israel
Offers intellectual property (IP) designs for non-volatile memory (NVM) semiconductors
Date of Offering: 11/09/05
Offer price: $23.50
Closing price as of 11/11/05: $32.89

IPO Filings

Clayton Holdings, Inc. (NASDAQ: CLAY proposed)
Shelton, CT
Provides technology-based services to help lenders, investors, and other financial services firms manage their operations and risk
Date of Registration: 11/07/05
Offering amount: $230 million
Lead Underwriter: William Blair & Company, LLC

Executive Moves

Blue Security, a Menlo Park, CA based provider of anti-spam solutions, named Nathan Shuchami as VP of Sales. Shuchami was formerly VP of Sales for EMEA at Enigma.

Cape Clear Software, a Waltham, MA based enterprise service bus (ESB) technology provider for large, complex government and commercial technology integration, named James Rivera as VP of Product Management. Rivera was formerly Director of Technology at BEA Systems.

Coremetrics, a San Mateo, CA provider of hosted Web analytics and precision marketing solutions, named Heather Brunner as VP of Client Services. Brunner was formerly VP of Client Services at Trilogy Software.

Digital Chocolate, a San Mateo, CA based publisher of software for mobile phones, named Scott Sassa to its Board of Directors and named Gary Schofield as VP of Worldwide Sales. Sass was formerly CEO of Friendster and is a CEO-in-Residence at Kleiner Perkins Caufield & Byers. Schofield was formerly VP of Worldwide Sales at Seven Networks.

Double Fusion, a Jerusalem based provider of advertising within video games, named Geoff Graber as CEO. Graber was formerly GM of Yahoo Games.

Feedster, a San Francisco based Internet search engine and advertising network, promoted VP Sales & Marketing Chris Redlitz to President.

HyPerformix, an Austin, TX based application performance and capacity management software company, named Ross Holman as VP of Software Development. Holman was formerly Founder and President of Palomino Professional Services.

ID Analytics, a San Diego based identity risk management company, named Stephen Coggeshall as CTO. Coggeshall was formerly Co-Founder and CEO of Los Alamos Computational Group.

IPextreme, a Campbell, CA based supplier of semiconductor subsystems, named Richard J. Browne as VP of Finance and CFO. Browne was formerly VP of Finance & Administration for Agile Software.

Maxxan Systems, a San Jose based provider of storage networking hardware, named Nelson Bye as President & COO. Bye was formerly VP of Worldwide Sales for Spinnaker Networks.

Ounce Labs, a Waltham, MA based provider of vulnerability risk assessment software, named Hugh Scandrett as President & CEO. Scandrett was formerly VPof Development for IBM’s Rational line of products.

PatchLink, a Scottsdale, AZ enterprise security patch and vulnerability management solutions provider, named Suzanne Swanson as SVP of Business Development, Carl Lytikainen as VP of Technical Services and promoted Director of Software Development Noah Williams to VP of Research & Development. Swanson was formerly Senior Director of Global OEM Sales at Symantec Corporation. Lytikainen was formerly Regional Director at Nakoma Group.

PerformanceRetail, an Austin, TX based provider of web-based retail intelligence software for retailers and their suppliers, named Chas Erickson as VP of Engineering and promoted Director of Professional Services Marsha Mathis to VP of Business Development. Erickson was formerly VP of Development for WhisperWire.

Qcept Technologies, an Atlanta based developer of chemical metrology solutions for semiconductor manufacturing, named Erik C. Smith as President & COO. Smith was formerly SVP of Worldwide Sales & Marketing at Ultratech Inc.

RF Magic, a San Diego based provider of Radio Frequency (RF) Systems on-a-Chip integrated circuits (ICs) for extreme broadband consumer applications, named David Lyle as CFO. Lyle was formerly Finance Director at Broadcom.

Tangoe, an Orange, CT based provider of enterprise telecommunications expense management (TEM) software and services, named David Toole as CFO. Toole was formerly CFO of Kavado.

Mergers & Acquisitions

CBS acquired CSTV Networks, a New York based digital media company devoted exclusively to college athletics, for $325 million.

IBM acquired iPhrase Systems, a Bedford, MA based developer of software to improve e-commerce sales, online service and support and call center productivity, for an undisclosed amount.

Local Matters, a Denver, CO based provider of advanced Internet, voice and mobile search and media solutions, acquired AreaGuides.net, a Saint George, UT based provier of vertical content about travel and relocation information and services, for an undisclosed amount.

MessageLabs, a New York based provider of messaging security and management services to businesses, acquired Omnipod, a New York based provider of enterprise instant messaging services, for an undisclosed amount.

Surgient, an Austin, TX based provider of self-service applications for software demo, test, and training lab automation, signed a definitive agreement to acquire Runaware, a Swedish evaluation service-provider, for an undisclosed amount.

Funding

Akimbi Systems – San Mateo, CA; a developer of virtual infrastructure management solutions,; $8 million; Series B; Mayfield, Hummer Winblad Venture Partners, Partech International.

Continuent – Emeryville, CA; a provider of commercial open source middleware solutions for database high availability; $5.75 million; Series B; Ledstiernan, Nordic Venture Partners, Trident Capital.

Iconoculture – Minneapolis, MN; a provider of an interactive trend research service; $10 million; Series C; WaldenVC, General Mills, VSP Capital (Venture Strategy Partners).

Idiro Technologies - Dublin, Ireland; provider of social network and call center solutions for the mobile telecommunications sector; $1.2 million; Corporate Round; Siemens Acceleration in Communications.

Local Matters – Denver, CO; a provider of infrastructure to telephone directory publishers and mobile and directory assistance service providers; $20 million; Acquisition Financing: Sandler Capital Management.

Medio Systems – Seattle, WA; a mobile search start-up; $11.25 million; Series A; Dot Edu Ventures, Frazier Technology Ventures, Mohr Davidow Ventures

OpenLogic – Broomfield, CO; a provider of software and services that enable enterprises to create and manage their own integrated, commercial-grade open source environments; undisclosed amount; Series A; UV Partners (Utah Ventures).

Rio Design Automation –Santa Clara, CA; an electronic design automation (EDA) company; $5.2 million; Corporate Round; Cadence Design Systems, Magma Design Automation.

Telecom Transport Management – Seattle, WA; provider of advanced voice and data transport solutions for wireless carriers; $6 million; Series C; Ignition Partners, Rally Capital, Seapoint Ventures.

TestQuest– Minneapolis, MN; a provider of automated testing solutions for the mobile and wireless industry; $7.5 million; round not specified; Gabriel Venture Partners, Needham Capital Partners, Norwest Venture Partners.

VirtuOz – Paris, France; a developer of multilingual customer relationship management software solutions; $2 million; Series A; Galileo Partners.

XVionics – Vienna, VA; a developer of aviation command and control software; $3 million; Series B; SCP Private Equity Partners, CSP Partners.

IPO Pricings

Cbeyond Communications (NASDAQ: CBEY)
Atlanta, GA
Facilities-based VoIP carrier
Date of Offering: 11/02/05
Offer price: $12.00
Closing price as of 11/04/05: $12.00

Website Pros, Inc. (NASDAQ: WSPI)
Jacksonville, FL
Provides Web site building software, custom design consulting and Web hosting
Date of Offering: 11/02/05
Offer price: $10.00
Closing price as of 11/04/05: $10.07

IPO Filings

American Telecom Services (NASDAQ: ATEL proposed)
City of Industry, CA
Resells phone service bundled with its own telephones
Date of Registration: 11/01/05
Offering amount: $54.43 million
Lead Underwriter: HFCP/Brenner Securities, LLC

Executive Moves

Affinnova, a Waltham, MA based developer of patent-pending technology that uses genetic algorithms to “evolve” product designs in response to consumer preferences, named Dick Patton as VP of Marketing & Business Development. Patton was formerly employed by Able Human Ventures.

airBand Communications, a Dallas based fixed wireless company for business customers, named John McLeod as EVP of Operations & Technology. McLeod was formerly COO for Broadwing Communications.

Endforce, a Dublin, OH based provider of vendor-neutral network access control software, named Herb Jones as SVP of Sales. Jones was formerly SVP of Product Delivery for Softek Storage Solutions.

Enpocket, a Boston based mobile media company, named President & COO Mike Baker as CEO.

Ingrian Networks, a Redwood City, CA based provider of data privacy solutions, named Erich Baumgartner as VP of Sales & Marketing. Baumgartner was formerly operations director for advanced technology security sales at Cisco Systems.

IP3 Networks, a San Diego based provider of access-control solutions for broadband networks, named Kelly Anderson as VP of Sales and Aine Shivnan as VP of Engineering. Anderson was formerly SVP of Worldwide Sales for GoRemote Internet Communications. Shivnan was formerly VP of Engineering at XPrime.

Mindjet, a Larkspur, CA based provider of software for visualizing and managing information, named Eric Borrmann as CFO and RichardBarber as VPofEngineering. Borrmann was formerly VP & CFO for Plumtree Software. Barber was formerly CTO and VP of Engineering for US Oncology Inc.

MobileLime, a Watertown, MA based company which allows consumers to make purchases through any mobile phone,, named Jeff Yolen as VP of Business Development. Yolen was formerly a consultant for Nokia.

netZentry, a Palo Alto, CA based network security company, named Co-founder and Chairman Rangaswamy Vasudevan as President & CEO.

Purisma, a Redwood City, CA based provider of Customer Identity Management (CIM) solution, named Pete Daffern as CEO. Daffern was formerly President & COO of AIM Technology.

Siperian, a San Mateo, CA based customer data integration and management solution provider, named John Dempsey as VP of Services. Dempsey was formerly VP of Professional Services at BEA Systems.

Utopy, a San Francisco based provider of enterprise-class speech analytics solutions, named Doron Aspitz as President & CEO. Aspitz was formerly Chairman and CEO at Blue Pumpkin Software.

X1 Technologies, a Pasadena, CA based provider of desktop and enterprise search software, named George Holmes as VP of Sales. Holmes was formerly VP of North America for Agere Systems.