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Mergers & Acquisitions
ADC Telecommunications (ADC), an Eden Prairie, MN based provider of global network infrastructure products and services enabling high-speed Internet, data, video, and voice services to their customers’ unique networks, acquired G-Connect, a Herzliya, Israel based provider of Internet protocol service creation solutions, for an undisclosed amount.
Intel acquired Conformative Systems, developer of computer systems for managing enterprise data centers, for an undisclosed amount.
MACH, a Luxembourg based provider of inter-operator solutions to the telecommunications and data industry, acquired End2End, a managed service provider for mobile data services, for an undisclosed amount.
NeoMedia Technologies, a Fort Myers, FL based provider of wireless services, acquired 12snap, a Munich based provider of marketing and entertainment applications and programs via cellular phones, for an $22 million.
Microsoft acquired MotionBridge, a provider of search technology designed specifically for mobile operators and the mobile Internet, for an undisclosed amount.
Oracle acquired Hotsip, a Stockholm based provider of a carrier-grade session initiation protocol (SIP) and J2EE application server for fixed and wireless communication, for an undisclosed amount.
QLogic, an Aliso Viejo, CA based provider of fibre channel host bus adapters (HBAs), stackable switches and blade server switches, acquired PathScale, a Mountain View, CA based developer of products that accelerate the performance of applications run in Linux clusters, for $109 million.
Valimo Wireless, a Helsinki, Finland based provider of software for authentication systems needed to secure and perform transactions with mobile devices, acquired UniqMinds, a Helsinki based provider of mobile multimedia and messaging software for mobile operators, for an undisclosed amount.
Funding
Asempra Technologies – Sunnyvale, CA; a provider of real-time recovery management solutions, which deliver continuous data protection with guaranteed data integrity and instant recovery; $20 million; Series B; Menlo Ventures, Polaris Venture Partners, U.S. Venture Partners.
Azul Systems – Mountain View, CA; provider of an attached processing solution designed to deliver compute and memory resources as a shared network service to applications built on the J2EE(TM) Java(TM) platform as well as other virtual machine languages; undisclosed amount; round not specified; Credit Suisse.
Business Events – Mountain View, CA; a developer of software for identifying business opportunities; $12.7 million; round not specified; Carmel Ventures, Gemini Israel Venture Funds.
Demandware – Woburn, MA; a provider of the Software as a Service (SaaS)-based ecommerce platform that offers merchants the optimal combination of control, flexibility and a usage-based pricing model; $12 million; Series B; General Catalyst Partners, Individuals, North Bridge Venture Partners.
Dialog Imaging Systems – Stuttgart, Germany; a developer of camera modules for mobile phones; $26.48 million; Spin Out Financing; 3i Group, Doughty Hanson Technology Ventures, GIMV, L-EA.
Emulation and Verification Engineering (EVE) – Palaiseau, France; a developer of advanced verification products for the electronic design automation (EDA) industry; $6 million; Series C; 3i Group, Auriga Partners, Credit Agricole Private Equity, Edmond de Rothschild Investment Partners, Siparex Group.
42Networks – Kista, Sweden; provider of broadband telephony, triple play for fiber-to-the-premises (FTTP), and embedded VoIP solutions; $2.2 million; round not specified; CapMan Group.
Inform Technologies – New York, NY; a developer of a technology platform for online news consumption; $10 million; Series B; Stephens Group.
JAM Technologies – Austin, TX; mixed signal innovator and developer of the True Fidelity
Filed under Uncategorized
Posted on: February 17th, 2006
Filed under Uncategorized
Posted on: February 13th, 2006
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Mergers & Acquisitions
Autodesk, a San Rafael, CA based provider of design software and digital content, acquired Constructware, an Alpharetta, GA based provider of technology solutions for the US construction industry, for $46 million.
ClearOrbit, an Austin based provider of real-time supply chain execution and collaboration software solutions, acquired eBoomerang, a San Jose based provider of a comprehensive suite of returns management applications that track, manage and process returns in real-time from a secure, web-based platform anywhere in the world, for an undisclosed amount.
Freeborders, a San Francisco based provider of IT and software application outsourcing services, acquired ITK Solutions, a New York based provider of IT management consulting services, for an undisclosed amount.
Hewlett Packard acquire OuterBay Technologies, a Cupertino, CA based provider of information lifecycle management solutions, for an undisclosed amount.
IBM acquired Viacore, an Irvine, CA based provider of business process integration solutions for real-time supply chain visibility, for an undisclosed amount.
ICTV, a Los Gatos, CA based provider of interactive television solutions, merged with Switched Media, a San Francisco based developer of solutions for mass customization of live video streams, for an undisclosed amount.
Integra Telecom, a Portland, OR based provider of local, long-distance, and Internet services for small and mid-size businesses, acquired Electric Lightwave, a Vancouver, WA based integrated communications provider of Internet, data, voice, and dedicated access services to enterprise businesses and carriers, for $243 million.
Martin Dawes Systems (MDS), a Cheshire, UK based provider of end-to-end billing, customer management, and revenue assurance solutions for the communications market, acquired Visual Wireless, a Stockholm based global provider of telecom revenue assurance and fraud management solutions, for an undisclosed amount.
Network General, a San Jose, CA based provider of software solutions and intelligent appliances for enterprise application and network performance analysis, acquired Fidelia, a Princeton, NJ based provider of an IT infrastructure monitoring application, for an undisclosed amount.
SonicWALL, a Sunnyvale, CA based developer of comprehensive Internet security solutions, acquired MailFrontier, a Palo Alto, CA based provider of messaging security products, for $31 million.
Symantec acquired Relicore, a Burlington, MA based provider of data center change and configuration management solutions, for an undisclosed amount.
Unity Wireless, a Burnaby, Canada based developer of wireless systems and coverage-enhancement solutions, acquired Avantry, a Yokneam, Israel based provider of wireless networking solutions, for $2 million.
Funding
Alfresco – London, UK; a developer of open source enterprise software; $8 million; Series B; Accel Partners, Mayfield.
Anthology Solutions – Santa Clara, CA; a provider of network storage appliances for small businesses; $10 million; Series B; BlueRun Ventures, Korea Technology Investment, STIC Ventures.
Apertio – Bristol, UK; a provider of subscriber-centric networks; $30 million; Series B; Add Partners, Deutsche Venture Capital (DVC), Eden Ventures, Motorola Ventures, T-Venture Holding, The Tokarz Group.
Applied Wave Research – El Segundo, CA; a provider of high-frequency electronic design automation software for wireless, high-speed wireline, and electro-optical applications; $6.4 million; Series C; CMEA Ventures, Dow Pension Funds, Intel Capital, Southern Ute Indian Tribe, Synopsys.
BeamExpress – Lausanne, Switzerland; a provider of fiberoptic transceiver and transponder modules for networks running at speeds of 10Gbps and beyond; $16.66 million; Series A-1; Index Ventures, Oak Investment Partners.
Bitboys - Noormarkku, Finland; a provider of graphics hardware solutions for mobile devices; $4.78 million; round not specified; BlueRun Ventures.
Collax – Munich, Germany; a European vendor of Linux-based server technology; $2.2 million; Series A; Intel Capital.
Cybernet Software Systems, (CSS) – San Jose, CA; a business and technology solutions provider specializing in services to enterprises and independent software vendors (ISVs); $22.5 million; Series A; SAIF Partners.
DesignAdvance Systems – Pittsburgh, PA; a developer of an electronic design automation (EDA) and computer aided design (CAD) design-synthesis software; $3 million; round not specified; undisclosed investors.
Finjan Software – San Jose, CA; a provider of proactive, behavior-based secure content management solutions; $10 million; round not specified; HarbourVest Partners, Benchmark Capital, Israel Seed Partners.
FON – Madrid, Spain; a provider of software and services to share Wi-Fi broadband access; $21.7 million; Series A; Index Ventures, Google, Sequoia Capital, Skype Technologies.
GameLogic – Waltham, MA; a provider of next generation games, gaming systems, and platforms for casinos and lotteries; $18.6 million; Series B; Bain Capital (Lead), General Catalyst Partners, Maveron.
Imprivata – Lexington, MA; a provider of an enterprise SSO appliance designed to help IT organizations quickly and effectively solve password management and user access issues; $12 million; Series B; Highland Capital Partners, General Catalyst Partners, Polaris Venture Partners.
Integrian – Morrisville, NC; a developer mobile digital video technology for the public safety and transportation markets; $36 million; round not specified; Credit Suisse, Dow Chemical Company, Intersouth Partners, Motorola Ventures, Polaris Venture Partners, Wakefield Group.
Kajeet – Bethesda, MD; a provider of a prepaid wireless service aimed at “tweens” and teens; $27 million; Series A; Bessemer Venture Partners, Gabriel Venture Partners, InterWest Partners.
Kasenna – Mountain View, CA; a provider of VOD programming and next-generation platforms for video content and service delivery; $11 million; round not specified; Intel Capital.
Mazu Networks – Cambridge, MA; a provider of behavior-based network security solutions for enterprises; $7 million; Series E; Greylock Partners, Matrix Partners, Pilot House Ventures Group, StarVest Partners, Symantec.
Palm Tree Technology – London, UK; an early stage software company focusing on the security and audio markets; $1.3 million; Series A; Close Venture Management.
Power Analog Microelectronics – Santa Clara, CA; a developer of Class-D digital audio amplifiers and innovative power management semiconductors; $6 million; Series A; CVM Capital, H&Q Asia Pacific, Huanan Venture Capital, VentureTech Alliance.
Recordant – Atlanta, GA; a provider of solutions that deliver the first accurate picture of what happens on the sales floor of retail and service-based environments, such as banks, hotels and automotive dealerships; $3 million; Series A; Kodiak Venture Partners.
Silecs – Mountain View, CA; a provider of specialty materials for the electronics industry with a focus on advanced dielectrics for semiconductor manufacturing; $7.7 million; round not specified; undisclosed investors.
SNAPin Software – Bellevue, WA; a provider of mobile customer care and diagnostic products to mobile telecommunications providers that enable the mobile phone itself to diagnose and resolve issues; $13 million; Series C; Oak Investment Partners, Frazier Technology Ventures, Hunt Capital.
Tizor Systems – Maynard, MA; a provider of Activity Auditing solutions for compliance and data theft protection in the data center; $3 million; Series B; Longworth Venture Partners.
X-Digital Systems (XDS) – San Diego, CA; a developer of communications systems for both wireless and wired applications; $5 million; Series A; Kodiak Venture Partners.
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IPO Pricings
NTELOS Holding Corp., (NASDAQ: NTLS)
Waynesboro, VA
NTELOS’s wireline operations include two rural local-exchange carriers (RLECs) that supply phone service and Internet access to residents and businesses in several western Virginia communities.
Date of Offering: 2/9/06
Offer Price: $12.00
Closing Price as of 2/10/06: $12.03
IPO Filings
Vonage Holdings Corp.
Holmdel, NJ
A leading provider of broadband Voice over Internet Protocol (VoIP).
Date of Registration: 2/8/06
Offering amount: $250 million
Lead Underwriter: Citigroup Global Markets Inc.
Executive Moves
DataSynapse, a New York based provider of grid computing software, named Roger Blanchette as CFO. Blanchette was formerly President of Finance for Concord Communications.
Integrian, a Morrisville, NC based developer of mobile digital video solutions, named Debbie Edmondson as VP of Human Resources. Edmondson was formerly Director of Human Resources at ChannelAdvisor Corporation.
Jingle Networks, a Boston based provider of a free, nationwide telephone directory assistance service, named George Garrick as President & CEO. Garrick was formerly President & CEO of Wine.com.
OutlookSoft, a Stamford, CT based provider of unified, predictive performance management solutions, named Ben Plummer as CMO. Plummer was formerly VP of Global Partner Operations at Cognos.
Rhythm NewMedia, a Mountain View, CA based a mobile video advertising company, named Stephen Upstone as Director of UK Operations to helm their new London office. Upstone was formerly employed by Touch Clarity.
StoredIQ(fka Deepfile), an Austin based provider of automated Information Classification and Management (ICM) solutions, named Dave Davenport as CEO. Davenport was formerly President & CEO of Copan Systems.
Vendare Media, an El Segundo, CA based provider of performance-based online media and marketing solutions, named Board Chair Linda Fayne Levinson as Interim CEO after President & CEO Keith Cohn resigned.
Ventures West Management, a Vancouver based venture capital firm, named Mark Ruddock as Entrepreneur-in-Residence. Ruddock was formerly CEO of INEA Corp.
Vonage, a Holmdel, NJ based provider of broadband phone service, named Mike Snyder as CEO. Founder and former CEO Jeffrey A. Citron will take on the role of Chairman and Chief Strategist. Snyder was formerly President at ADT, part of Tyco Fire and Security.
Webify Solutions, an Austin based provider of vertically based, service-oriented business software, named Bobby Soni as Chief Strategy Officer and EVP. Soni was formerly CTO, Client Services for BearingPoint.
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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
Subscribe to Venator Partners newsletter!
Filed under Uncategorized
Posted on: February 5th, 2006
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Mergers & Acquisitions
Cavalier Telephone, a Richmond, VA based provider of competitive local exchange (CLEC) and DSL services, acquired Elantic Telecom (fka Dominion Telecom), provider of fiber optic, voice, and data services to wireless, long distance, government, and large enterprise customers, for an undisclosed amount.
Command Information, a Herndon, VA based provider of Internet Protocol version 6 (IPv6) strategy, tactical direction, and product development services, merged with Digital Focus, a Herndon based provider of software development and integration services, for an undisclosed amount.
The Cloud, a London based operator of wireless broadband networks, acquired NetCheckiN (NCI), a German WiFi operator, for an undisclosed amount.
Datavantage, a Cleveland based provider of retail technology for the specialty and general merchandise retail industry, acquired CommercialWare, a Natick, MA based provider of cross-channel retail solutions, for $13.2 million.
Forum Systems, a Sandy, UT based provider of trust management and threat protection solutions for the automated Web, acquired Kenai Systems, a Rocklin, CA based provider of vulnerability assessment and policy compliance solutions, for an undisclosed amount.
Mondosoft, a Copenhagen based provider of a corporate search engine for internal and external portals and Web sites, acquired Navigo Systems, a Viby, Denmark basead provider of knowledge and information management software, for an undisclosed amount.
Recruitmax, a Jacksonville, FL based provider of workforce management solutions, acquired InScope, a Purchase, NY based provider of competency-driven human capital management solutions, for an undisclosed amount.
Responsys, a Redwood City, CA based provider of on-demand email and lifecycle marketing solutions, acquired INBOX Marketing, a San Francisco based professional services firm specializing in the strategic optimization of email marketing programs, for an undisclosed amount.
Symphony Technology Group, a Palo Alto, CA based provider of startup launch services, acquired Metreo, a Palo Alto based provider of comprehensive pricing intelligence, optimization, and execution solutions, for an undisclosed amount.
Funding
Amalfi Semiconductor – Los Gatos, CA; a developer of high-performance, CMOS Radio Frequency (RF) and mixed-signal semiconductors; $20 million; Series B; Globespan Capital Partners, DCM-Doll Capital Management, Trinity Ventures.
Anam – Dublin, Ireland; a provider of messaging infrastructure; $17 million; Series B; Fleming Family, Mayfair Venture Capital, Motorola Ventures.
Axentis – Warrensville Heights, OH; a provider of governance, risk and compliance (GRC) management solutions; $6 million; Series E; Eastward Capital Partners, JPMorgan Partners, Key Venture Partners, Sierra Ventures.
The Cloud – London, UK; a WiFi network operator; undisclosed amount; Series C; 3i Group, Accel Partners, Provider Venture Partners.
Command Information – Herndon, VA; a provider of Internet Protocol version 6 (IPv6) strategy, tactical direction, and product development services to Fortune 1000 and Government customers; undisclosed amount; Series A; Carlyle Group, Novak Biddle Venture Partners.
Dexterra – Bothell, WA; a developer of mobile business software; $12 million; round not specified; Mesirow Financial, Canaan Partners, Intel Capital, Motorola Ventures, Sigma Partners.
DispenseSource – Irvine, CA; a provider of inventory management solutions for the industrial market; $13.75 million; round not specified; Argentum Group, InnoCal Venture Capital, Inverness Capital Partners, Mission Ventures.
DxO Labs – Boulogne, France; a provider of advanced image processing technologies for the mobile imaging industry and other digital consumer imaging markets; $12.8 million; Series B; Apax Partners, CSK Venture Capital, Hitachi, Societe Generale Asset Management, SPEF Venture, Thales.
G2 Microsystems – Oakland, CA; developer of integrated circuits for the Mobile Resource Management (MRM) market; undisclosed amount; round not specified; Siemens Venture Capital.
Hammerhead Systems – Mountain View, CA; a provider of Layer 2.5 Aggregation solutions; $30 million; Series C; Silver Creek Ventures, Apex Venture Partners.
Incipient – Waltham, MA; a provider of intelligent switch storage software; $24 million; Series D; QuestMark Partners, Globespan Capital Partners, GrandBanks Capital, Greylock Partners, HLM Venture Partners, Sigma Partners, Wasatch Advisors.
Kenati – Sunnyvale, CA; a provider of Linux based embedded software for next generation networking appliances; undisclosed amount; round not specified; INC3.
nTAG Interactive – Boston, MA; a provider of real-time Event Data Management (EDM) solutions; $6 million; round not specified; Pilot House Ventures Group, Sevin Rosen Funds.
PowerFile – Santa Clara, CA; a developer of online archive solutions for long-term storage of fixed digital content; $10 million; Series B; Silver Creek Ventures, Sequoia Capital.
Purisma – Redwood City, CA; a provider of customer identity management (CIM) solutions; undisclosed amount; round not specified; Hyperion.
Red-M – Woodburn Green, UK; a provider of services and products for managing wireless infrastructure; $1.4 million; Series C; Close Venture Management.
RFI Global Services – Basingstoke, UK; a provider of cellular, smart card and wireless communication solutions; $3.56 million; round not specified; Close Venture Management.
Rocket Broadband Networks – Amherst, NY; a provider of bundled broadband Internet, satellite television, and VoIP telephone services to multi-dwelling unit properties in the US; $2.5 million; Series A; High Peaks Venture Partners, Onondaga Venture Capital Fund, Rand Capital, Trillium Group.
Siano Mobile Silicon – Netanya, Israel; a fabless chip set developer of integrated semiconductor receivers for mobile digital TV; $20 million; Series B; Jerusalem Venture Partners, Star Ventures Management, Walden Israel Funds.
Tarari– San Diego, CA; designs and produces Tarari Content Processors that accelerate and offload compute-intensive, complex algorithms used in XML/Web Services, Network Security and Digital Media environments; $14 million; Series C; Enterprise Partners Venture Capital (Lead), Crosspoint Venture Partners, Miramar Venture Partners, Morgan Stanley Venture Partners, XMLFund.
Silver Peak Systems – Mountain View, CA; a developer of enterprise-class network acceleration appliances; $13 million; Series B; Duff Ackerman & Goodrich, Benchmark Capital, Greylock Partners, Pinnacle Ventures.
Sling Media – San Mateo, CA; a digital lifestyle products company; $46.6 million; Series B; Allen & Co., DCM-Doll Capital Management, EchoStar Communications, Goldman Sachs Group, Hearst Corporation, Liberty Media, Mobius Venture Capital.
Talario – Brookings, SD; a provider of digital writing products; undisclosed amount; round not specified; First National Venture Capital.
Xirrus – Westlake Village, CA; a developer of next-generation Wireless LAN Array architecture; $16.25 million; Series B; August Capital, U.S. Venture Partners.
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IPO Pricings
Digital Music Group, (NASDAQ: DMGI)
Sacramento, CA
Digital Music Group purchases and licenses music recordings in digital format from record labels and artists.
Date of Offering: 2/2/06
Offer Price: $9.75
Closing Price as of 2/3/06: $9.64
Smart Modular Technologies , (NASDAQ: SMOD)
Fremont, CA
SMART Modular Technologies is a maker of PC cards, embedded computers, and memory modules.
Date of Offering: 2/3/06
Offer Price: $9.00
Closing Price as of 2/3/06: $8.54
IPO Filings
No new filings to report this week.
Executive Moves
AEP Networks, a Somerset, NJ based provider of comprehensive Internet security solutions, promoted VP of Finance and Controller Kathryn Kinnamon to CFO and named Ken Araujo as CTO. Araujo was formerly CTO and SVP of Engineering at Netilla.
Calypto Design Systems, a Santa Clara, CA based provider of software for chip design, named Tom Sandoval as CEO. Sandoval was formerly VP of Customer Design Engineering at LSI Logic.
CollabNet, a Brisbane, CA based provider of on-demand distributed software development solutions, named Martin Doettling as VP of Worldwide Marketing and Mike Hallett as VP of Worldwide Field Operations. Doettling was formerly SVP of marketing & Products at Centrata. Hallett was formerly SVP of Worldwide Sales at Questra.
CXO Systems, a Waltham, MA based provider of real-time risk and operational intelligence software, named Gerald Labie as President & CEO. Labie was formerly President & COO at Novadigm.
Dategrity, a Bellevue, WA based provider of software that enables privacy, control, and auditability for the owners of private information, named Andrew Csinger as EVP of Product Strategy & Development, Jan Vandenbos as VP of Product Development and Steve Fujiki as Director of Program Management. Csinger was formerly SVP and CIO of Group Telecom. Vandenbos was formerly Senior Security Architect for Microsoft. Fujiki was formerly a Product Planner for Microsoft Office.
FyreStorm, a Sunnyvale, CA based fabless semiconductor company delivering power conversion and power management solutions for mobile device manufacturers, named Jim McCreary as EVP of Engineering. McCreary was formerly VP of Engineering for iWatt .
Grande Communications, a San Marcos, TX based provider of a deep-fiber broadband network to homes and businesses, named Roy Chestnutt as CEO. Chestnutt was formerly an SVP at Sprint-Nextel.
Groople, a Denver based online provider of group travel planning, named Shannon Hyland as CFO. Hyland was formerly CFO at Mark Travel Corporation.
JBoss, an Atlanta based provider of open source middleware, named VP of Sales & Marketing Rob Bearden to COO, Co-Founder & CTO Scott Stark as VP of Technology & Architecture, GM of JBoss Europe Sacha Labourey as CTO, first employee Ben Sabrin as VP of End User Sales for the Americas and Andy Miller as VP of Engineering. Miller was formerly VP of Technical Architecture at Corporate Express.
MaXware, a Trondheim, Norway based global identity management specialist, named Stale Svenning as President & CEO. Svenning was formerly COO for SpareBank 1 Midt-Norge AS.
Optovia, an Acton, MA based developer of optical transport subsystems for telecommunications carriers, cable provider networks, and corporate enterprise applications, named James Iuliano as President & CEO. Iuliano was formerly President & CEO of E Ink.
Staccato Communications, a San Diego based provider of small form factor, single-chip, all-CMOS wireless solutions, named Chairman of the Board Marty Colombatto as CEO.
Transmode Systems AB, a Stockholm based global supplier of Optical Access solutions, named Johan Lindskog as VP of Sales. Lindskog was formerly Director of Business Development at Netcom Consulting AB.
Venturi Wireless, a Sunnyvale, CA global provider of 3G mobile optimization solutions, named Larry Slotnik as VP of Engineering and Rikard Kjellberg as VP of Products. Slotnick was formerly Chief Products Officer at Palmsource. Kjellberg was formerly Director of Product Management at OpenWave Systems.
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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
Subscribe to Venator Partners newsletter!
Filed under Uncategorized
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