Exec Moves, Startups and Acquisitions - Wrap up for 24 Apr 2006

Mergers & Acquisitions

The Active Network, a San Diego based provider of application and marketing services, acquired IronPoint Technology, a Vancouver based provider of content management software solutions, for an undisclosed amount.

Adobe Systems acquired Trade and Technologies France (TTF), makers of computer-aided design (CAD) data interoperability software, for an undisclosed amount.

Amdocs, a Chesterfield, MO based provider of software and services, acquired Qpass, a provider of digital commerce software and solutions, for $275 million.

Clearwire, a Kirkland, WA based provider of wireless, broadband Internet service to consumers and small businesses, acquired Winbeam, a Greensburg, PA based broadband wireless Internet service provider, for an undisclosed amount.

CommPartners, a Las Vegas based IP-based network operator providing wholesale VoIP and enhanced IP applications to carriers and strategic partners, acquired Anexeon Communications, a Las Vegas based provider of comprehensive managed technology solutions, for an undisclosed amount.

Emulex, a Costa Mesa, CA based supplier and developer of storage networking host bus adapters, acquired Aarohi Communications, a San Jose based provider of system-on-a-chip solutions for the storage networking market, for $39 million.

Hansen Information Technologies, a Rancho Cordova, CA based provider of application software that helps manage the operations of government, acquired Spear Technologies, a San Francisco based provider of asset management solutions for the public transit and rail market, for an undisclosed amount.

Mediabolic, a San Mateo, CA based provider of entertainment networking software to consumer electronics and PC manufacturers, acquired the assets of Digital 5, a Lawrenceville, NJ based provider of software and system intellectual property to enable both wireless and wired sharing of content among networked consumer electronics devices, for an undisclosed amount.

Microsoft Live Labs acquired Seadragon, a Seattle based developer of interface visual imaging and mapping technology, for an undisclosed amount.

Motorola acquired Orthogon Systems, an Ashburton, UK based provider of high-performance fixed wireless solutions, for an undisclosed amount.

Novell acquired e-Security, a Vienna, VA based global provider of software for security management, for $72 million.

SolarFlare Communications, an Irvine, CA based developer of high-performance semiconductor solutions for system connectivity, merged with Level 5 Networks, a Sunnyvale, CA based developer of semiconductors and software focused on high performance ethernet connectivity, for an undisclosed amount.

Funding

AdaptiveMobile Security – Dublin, Ireland; a developer of mobile security and filtering solutions; $5.5 million; Series A; Intel Capital, Enterprise Ireland.

Cape Clear Software – Dublin, Ireland; a provider of service-oriented architecture solutions; $15 million; Series D; InterWest Partners, Accel Partners, ACT Venture Capital, Greylock Partners.

Cswitch – Santa Clara, CA; a developer of semiconductors for the communications market; $24 million; Series B; ATA Ventures, Bay Partners, Charles River Ventures, Harris & Harris Group.

Gain Capital Group – Bedminster, NJ; a provider of foreign exchange (FOREX) trading and asset management services; $40 million; Series D; VantagePoint Venture Partners.

mFormation Technologies – Edison, NJ; a provider of mobile device management solutions for the mobile industry; $15.3 million; Series D-1; Battery Ventures, Carmel Ventures, North Bridge Venture Partners.

Nanochip – Fremont, CA; a developer of MEMS silicon data storage chips for consumer electronics markets; $10 million; Series C; Intel Capital, JK&B Capital.

Revive Systems – McLean, VA; a computer network security software provider; $2 million; Series A; Novak Biddle Venture Partners.

Scentric – Alpharetta, GA; a developer of a universal data classification solution across all data types for the enterprise; $4.8 million; Series A Add-On; Advanced Technology Development Center, H.I.G. Ventures, Imlay Investments, Valhalla Partners.

SolarFlare Communications– Irvine, CA; a privately held fabless semiconductor company; $50 million; round not specified; Accel Partners, Amadeus Capital Partners, Anthem Venture Partners, Foundation Capital, IDG Ventures Europe, Miramar Venture Partners, Oak Investment Partners.

TradeCard – New York, NY; a provider of on-demand supply chain automation products; $14 million; round not specified; Warburg Pincus.

Venaca – New York, NY; a provider of digital asset management systems; undisclosed amount; Series A; Argentum Group, First Analysis.

Veoh Networks – San Diego, CA; an independent Internet television broadcasting system; $12.5 million; Series B; Spark Capital, Shelter Capital Partners, Time Warner.

Virtual Iron Software – Lowell, MA; a developer of data center virtualization and management software solutions; $3 million; Series C; SAP.

Visible Path – Foster City, CA; developer of relationship capital management solutions; $17 million; Series B; Menlo Ventures, Integral Capital Partners, Kleiner Perkins Caufield & Byers.

Widevine Technologies – Seattle, WA; a provider of downloadable content protection and digital forensics solutions; $16 million; Series C; Cisco Systems (VC), Constellation Ventures, Pacesetter Capital, Phoenix Partners, Telus Ventures, VantagePoint Venture Partners.

IPO Filings

Alien Technology Corporation(NASQAQ: RFID Proposed)
Morgan Hill, CA
Alien Technology makes low-cost, high-volume radio-frequency identification (RFID) tags using its Fluidic Self Assembly (FSA) manufacturing process.
Date of Registration: 4/13/06
Offering amount: $138 million
Lead Underwriter: Bear, Stearns & Co. Inc.

Riverbed Technology, Inc.(NASQAQ: RVBD Proposed)
San Francisco, CA
Develops hardware and software that improves the performance of applications that are shared over networks.
Date of Registration: 4/20/06
Offering amount: $74.75 million
Lead Underwriter: Goldman, Sachs & Co.

Executive Moves

Bluesocket, a Burlington, MA based provider of open wireless network, security and management solutions, named Mads Lillelund as CEO. Lillelund was formerly President and CEO of Carlo Gavazzi Computing Solutions.

Escapia, a Seattle based provider of software and services to the vacation rental industry, named Bill Furlong as CEO. Furlong was formerly COO of Mpire.

Handango, a Hurst, TX based provider of mobile content, named Shawn Freeman as SVP of Technology. Freeman was formerly CIO at Hotels.com.

Panorama Capital, a Menlo Park, CA based venture capital firm, named Young Sohn as Managing Director. Sohn was formerly President of the Semiconductor Products Group at Agilent Technologies.

Stretch, a Mountain View, CA based provider of software configurable processors, named Craig Lytle as President & CEO. Lytle was formerly VP of System Engineering at Altera.

Voyence, a Richardson, TX based provider of network change and configuration management solutions, named Deborah MacCallum as VP of Engineering. MacCallum was formerly VP and co-founder of Silverback Technologies.

Xceive, a Santa Clara, CA based developer of fully integrated multi-standard RF-to-baseband transceiver ICs for TVs, PC TVs and set-top boxes named Jean-Louis Bories as CEO. Bories was employed by National Semiconductor.

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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