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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