Executive Moves, IPO, Venture Funding and M&A - 26 Feb 2006

Mergers & Acquisitions

, an Atlanta based developer of a Java-based application server using open source technologies, acquired , a Berlin based systems integrator and service provider for Java and open source enterprise-critical applications, for an undisclosed amount.

, a Fort Myers, FL based provider of wireless services and patented technologies that provide automatic links to mobile Internet-based information, acquired , a Wurselen, Germany based provider of code readers for mobile marketing, mobile ticketing, and mobile couponing, for $7.2 million.

, a Norcross, GA based provider of flexible IP VPN solutions, acquired , a Pleasanton, CA based provider of broadband services to small and medium-sized businesses., for an undisclosed amount.

acquired , a Sunnyvale, CA based provider of software automation tools for Linux systems management, for an undisclosed amount.

Funding

– Dallas, TX; a fixed wireless company for business customers; $8 million; round not specified; Key Venture Partners, Crescendo Ventures, Dolphin Equity Partners, Sevin Rosen Funds.

– Boston, MA; a developer of intellectual asset management (IAM) software solutions; $4 million; Series A; Northstar Global Partners.

– Saratoga, CA; a developer of broadband wireless access solutions; $12.1 million; Series A; DCM-Doll Capital Management, Venrock Associates, WK Technology Fund.

– Herndon, VA; a provider of Internet Protocol version 6 (IPv6) strategy, tactical direction, and product development services to Fortune 1000 and Government customers; $16 million; Series A; Carlyle Group, Novak Biddle Venture Partners.

– Boulder, CO; a broadband video surveillance company; $3 million; Series A; Bear Equity, Columbia Capital, Ledcor Technical Services.

– Scotland, UK; a developer of products to deliver broadcast quality digital video over IP networks within buildings; $1.43 million; Series A; Scottish Enterprise, Sigma Technology Group.

– Santa Clara, CA; a provider of mobile enterprise software on smart phones and mobile platforms; $30 million; Series E; ValueAct Capital, Benchmark Capital, Crosslink Capital, k1 Ventures Limited, Kleiner Perkins Caufield & Byers.

– Broomfield, CO; a provider of team collaboration services and software solutions; $1 million; round not specified; Slottsbacken.

– Bluffdale, UT; a developer of Linux cluster solutions and management tools; $10 million; Series C; Oak Investment Partners, Tudor Ventures.

– Sunnyvale, CA; provides message delivery and mobile billing services to businesses worldwide; $25 million; Series D; Trident Capital, Avanti Capital, BA Venture Partners (BAVP), Norwest Venture Partners, Novus Ventures.

- Gothenburg, Sweden; a developer of electronic solutions and software for the automotive industry; $3.8 million; round not specified; EQVITEC Partners.

– Pittsburgh, PA; a developer of mobile broadcast software multimedia, including video and audio services, targeting broadcasters, OEMs, ODMs, and network operators; $6.5 million; Series A; Warburg Pincus, ITU Ventures.

Serendipity – Tel Aviv, Israel; developer of a new method for presenting information mined from enterprise systems; undisclosed amount; pre-seed; Genesis Partners.

– Palo Alto, CA; a provider of IT control solutions; $10 million; Series C; Matrix Partners, Menlo Ventures, Sevin Rosen Funds.

– Boston, MA; a developer of mobile advertising and marketing software and services; $5 million; Series B; TD Capital, Blue Chip Venture Company.

IPO Pricings

(NASDAQ: LQDT)
Washington, DC
Online auction firm which provides manufacturers, retailers, and corporations with an electronic business-to-business marketplace to dispose, liquidate, and track goods in the reverse supply chain.
Date of Offering: 2/23/06
Offer Price: $10.00
Closing Price as of 2/24/06: $12.25

IPO Filings

(NASDAQ: WNTG Proposed)
Austin, TX
Wintegra designs access packet processors used in networking equipment.
Date of Registration: 2/17/06
Offering amount: $86.25 million
Lead Underwriter: Goldman, Sachs & Co.

Executive Moves

, a Mujnich based investment management firm in the secondary direct market, promoted Principal to Partner.

, a San Francisco based provider of quality-assurance software for enterprise Internet protocol telephony, named as CFO. McCormack was formerly EVP and CFO for Transware PLC.

, a Fremont, CA based provider of on-demand desktop management services, named as CFO and as VP of Customer Operations. Consul was formerly VP of Finance & CFO of Arcot Systems. Muggeo was formerly a VP at Kronos.

, a Baltimore based private equity firm focused exclusively on the Mid-Atlantic and Southeastern United States, promoted VPs , Erik O. Morris, Joel J. Radtke and Stephen M. Frederick to Principals.

, an Atlanta based provider of on-demand supply management solutions, named as SVP of Marketing. Minahan was formerly Chief Services Officer at Aberdeen Group.

, a Denver based RFID designer and implementer and mobile asset management specialist, named as CFO. Flaherty was formerly employed by ProSavvy.

, a Menlo Park, CA based early stage venture capital firm, named as a Venture Consultant. Chopra co-founded Pinnacle Systems.

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


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