Tech Startups, Executives and Acquisitions - 20 Mar 2006

Mergers & Acquisitions

, a Milpitas, CA based supplier of application specific analog semiconductor products for the mobile handset, personal computer, and digital consumer electronics markets, acquired , a fabless manufacturer of analog semiconductor devices, for $8 million.

acquired , a Boulder, CO based developer of Sketchup, a three-dimensional drawing and design program, for an undisclosed amount.

, a San Jose, CA based provider of GPS-enabled silicon and premium software location platforms, acquired , a Long Beach, CA based developer of digital video broadcast receiver solutions for cell phones and other mobile CE devices, for an undisclosed amount.

acquired , a Sunnyvale, CA based provider of managed peer delivery systems for high-quality video, software, and digital content, for $62 million.

Funding

– Santa Clara, CA; develops and markets design optimization tools that address the physical implementation challenges of complex nanometer chip design; $4 million; round not specified; Asset Management Company, Draper Richards, Woodside Fund.

– Boston, MA; developer of mobile applications; $10 million; Series B; Venrock Associates, Prism Venture Partners, TD Capital Ventures.

– Boston, MA; a provider of a platform enabling the creation, distribution and operation of secure content services across a multitude of networks and devices; $8 million; Recap round; Atlas Venture, Venrock Associates.

– Bristol, UK; a developer of wireless soft modems; $40 million; Series C; Amadeus Capital Partners, Accel Partners, Atlas Capital, Benchmark Capital.

– Salt Lake City, UT; a provider of on demand multi-channel ecommerce; $8 million; round not specified; BC Select Fund, Hummer Winblad Venture Partners, Transpacific Capital Partners, Trident Capital.

– Cambridge, UK; a developer of in-building wireless picocell solutions; $14.7 million; round not specified; Scottish Equity Partners, Intel Capital, Rothschild Gestion.

– San Francisco, CA; a developer of Web infrastructure technology; $15 million; round not specified; Benchmark Capital, Millenium Technology Ventures, Omidyar Network.

– Herzeliya, Israel; a developer of software for the music industry; $5.5 million; Series A; Pitango Venture Capital, Star Ventures Management.

– Golden, CO; a provider of hosted Voice-over-Internet-Protocol (VoIP) services; $10.75 million; Series A; Comcast Interactive Capital, Centennial Ventures, Columbia Capital, ICG Communications.

– Westborough, MA; a developer, owner and operator of telecommunications tower sites; $60 million; Series C; Key Venture Partners, Babson Capital Management, Centenial Ventures, Columbia Capital, GE Capital, Highland Capital Partners, Village Ventures.

– Salt Lake City, UT; a provider of data backup and recovery technology solutions for small and medium size businesses (SMBs); undisclosed amount; round not specified; Grow Utah Ventures.

– Palo Alto, CA; provider of a service enabling camera phones and digital cameras to scan, copy and fax; $4.65 million; Series A; Trinity Ventures, ThomVest.

– Richardson, TX; a developer of security solutions for VoIP, mobile and multimedia communications; $13.2 million; Series B; Sequoia Capital, Austin Ventures, Star Ventures Management.

– New York, NY; a behaviorally-targeted online advertising service; $12 million; Series C; Rho Ventures, Hanseatic Americas LDC, Masthead Venture Partners, Union Square Ventures.

– Littleton, MA; a provider of databases are designed to collect product information at the manufacturing plant; $4.5 million; Series A; Loeb Partners, SRK Management.

– Vasteras, Sweden; a developer of a software solution that quickly and effectively finds hidden errors inadvanced computer systems.; $1.5 million; round not specified; Industrifonden, KTH Seed Capital, SEB Foretagsinvest.

IPO Filings

(NASQAQ: GRRF Proposed)
Shenzhen, China
China GrenTech provides customized wireless coverage and radio frequency (RF) technology.
Date of Registration: 3/13/06
Offering amount: $93.75 million
Lead Underwriter: Bear, Stearns & Co. Inc.

(NASQAQ: HIMX Proposed)
Hsinhua, Taiwan
Himax Technologies designs microchips used in TFT-LCD flat-panel displays.
Date of Registration: 3/13/06
Offering amount: $200 million
Lead Underwriter: Morgan Stanley Services Limited

Executive Moves

, a Mountain View, CA based provider of Microsoft Active Directory-based access control and identity management solutions for non-Microsoft platforms, named James Chappell as VP of Worldwide Field Operations. Chappell was formerly SVP of Business Process & Development at EMC.

, a Louisville, KY based venture capital firm, promoted Principal Koleman Karleski to Managing Director.

, a San Francisco based technology outsourcing provider from China, named Paul Machle as CFO. Machle was formerly VP of Finance for Exigen.

, an East Hartford, CT based provider of predictive analytics software and services for the insurance industry, named William Nadal as SVP and CTO, Myong Yun Lee as SVP and Zunli Zhou as VP. Nadal was formerly CTO at Herzum Software. Lee was formerly SVP of Risk, Systems & Analytics at General Electric Commerce Finance. Zhou was formerly VP at Citicorp.

, a Waltham, MA based virtual-play gaming platforms for lotteries and casinos, named John Taylor as President and Board Member. Taylor was formerly Managing Director and Partner at Snowmark.

(GGV), a Menlo Park based expansion-stage venture capital firm, named Glenn Solomon and Principal Jenny Lee as Managing Directors. Solomon was formerly a General Partner at Partech.

, a San Francisco based provider of on-demand consumer CRM solutions, named Doug Bewsher as VP, Analytics and George Shahid as CFO. Bewsher was formerly Global CRM Director at Vodafone. Shahid was formerly COO and CFO at BlueRoads.

, a Redwood City, CA based provider of wireless threat protection solutions, named T. Paul Thomas as CEO. Thomas was formerly CEO at Seclarity.

, an Atlanta, GA provider of technology that helps companies increase the return on their Web investment by converting more visitors into buyers, named Neal McEwen as CFO. McEwen was formerly CFO at Pathfire.

, a Vienna, VA based Internet phone service provider, named Lisa Hook as President & CEO. Hook was formerly President of America Online’s AOL broadband premium and developer services unit.

, a Redwood City, CA based global provider of Microsoft integrated business solutions to mid-market companies, larger enterprises and their divisions, named Duane Bell as EVP and CFO. Bell was formerly Partner and CFO at KPMG Consulting.

, a Lisle, IL based provider of commercial software, support and services for Grid infrastructure based on open source Globus software, named Michael Ellis as CEO. Ellis was formerly Managing Director of Ellis Management Group.

, a Seattle based developer of power management software for PC networks, named Kevin Klustner as President & CEO. Klustner was formerly President and CEO of Sightward.

, a Scotts Valley, CA based maker of semiconductor high density semiconductor components, named Sunil Kaul as President & CEO. Kaul was formerly COO at Silicon Bandwidth.

, a San Francisco based venture capital firm, named Kate Everett-Thorp to as Venture Partner. Everett-Thorp was formerly President of AKQA.

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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