Executive Moves, IPO, Venture Funding and M&A - 31 May 2006

Mergers & Acquisitions

All Media Guide, an Ann Arbor, MI based provider of a database and editorial content covering music, film, and gaming, acquired MoodLogic, a San Francisco CA based provider of an intelligent MP3 music database based on listener surveys, for an undisclosed amount.

ArcSight, a Cupertino, CA based provider of enterprise security management solutions, acquired Enira Technologies, a Reston, VA based provider of network robotics solutions for the automation of complex management tasks, for an undisclosed amount

Boingo Wireless, a Santa Monica, CA based provider of wireless software technology and roaming services, acquired Concourse Communications Group, a Chicago, IL based provider of wireless neutral-host networks within airports and large commercial venues, for an undisclosed amount

Evans Analytical Group, a Sunnyvale, CA based provider of microanalytical surface analysis and materials characterization services to identify the overall atomic and physical structure of materials , acquired Thin Film Analysis, a San Jose, CA based provider of detecting software, for an undisclosed amount.

Microsoft, a Seattle, WA based developer of software, acquired Softricity, a Boston, MA based provider of on-demand application virtualization, for an undisclosed amount.

NuBridges, an Atlanta, GA based provider of products and services to integrate, connect, and manage business trading communities, acquired iSoft, an Addison, TX based provider of secure file transfer and enterprise connectivity solutions, for an undisclosed amount.

Visiprise, an Alpharetta, GA based provider of integrated manufacturing operations solutions, acquired RSS Solutions , a Kitchener-Waterloo, Ontario based provider of solutions for manufacturing planning, scheduling, and execution, for an undisclosed amount.

VitalStream, an Irvine, CA based provider of streaming media and managed services in the United States, acquired Eonstreams, a Knoxville, TN based provider of internet advertising insertion and streaming solutions, for $17 million.

Funding

ANDevicesFremont, CA; a supplier of planar lightwave circuit devices; undisclosed amount; Round not specified; .

Applied Identity – San Francisco, CA; a developer of identity driven authorization mechanisms for controlling access to internal networks; $12 million; Series B; , , , .

ArchPro Design Automation – San Jose, CA; a maker of electronic design automation products for chip designers; $4.5 million; Series B; , , .

Bebo – San Francisco, CA; a provider of online social networking; $15 million; Series B; .

Firsthand Technologies – Ottawa, Ontario; a developer of software to transfer enterprise WiFi data through mobile phone calls; $7 million; Series C; , , .

Inrix Inc – Redmond, WA; a provider of traffic monitoring data service; $10 million; Series B; , , .

Kace Networks – Mountain View, CA; a provider of IT automation appliances for mid-market organizations; $8 million; Series B; , .

Kayak.com - Norwalk, CT; a travel search engine company, $11.5 million; Series C; , , , Inc. .

Kiva Systems - Woburn, MA; a developer of mobile robotic material handling systems; $10 million; Series C; Bain Capital Ventures.

Lingtu Software – Shanghai, China; a digital mapping firm; $30 million; Round not specified; , , .

LogicTree Corp – Bowie, MD; a provider of speech enabled business automation and call center solutions; $4 million; round not specified; .

Market10 – McLean, VA; an online job marketplace; $13 million; Series B; , .

Mango DSP – Israel; a developer of digital signal processing systems for the homeland security and digital video markets; $1.5 million; Round not specified; , .

Media PublisherBerkeley CA; a provider of video applications, and a video control center that manages a company’s existing content infrastructure; $5.3 million; Series B; Storm Ventures, The Angels’ Forum, , and .

NeoPath Networks – Mountain View, CA; a provider of file storage virtualization solutions; $11 million; Series C; , , , .

Nimaya – Fairfax, VA; a provider of revenue maximization solutions; $3 million; Series A; .

Nistica Inc – Bridgewater, NJ; an optical subsystem developer for the telecommunications market; $4.25 million; Series A; .

P.A. Semi – Santa Clara, CA; a developer of high-performance, low-power PWRficient processor for high-performance computing and embedded applications based on the Power Architecture; $50 million; Series C; Highland Capital Partners, Texas Instruments, Bessemer Venture Partners.

Passport SystemsActon, MA; a developer of security scanners; $2 million; Series B; , , and .


Presto Services – Mountain View, CA; a developer of technology that will make it easier for consumers to share digital content: $10 million; Series A; , .

QuNano – Lund, Sweden; a developer of semiconductor nanowire technology; $6.1 million; Series A; , , , , .

RCD Technology – Quakertown, PA; a developer of technology for producing high margin specialty RFID (radio frequency ID) tags and low cost RFID antennae; $2 million; Series A; . , .

Simplicita Software – Denver, CO; a developer of commercial software product for ISPs, including cable and Telco network operators, that dynamically identifies, isolates, and fixes zombies ; $2.1 million; Series A; .

Sourcefire Columbia, MD; a developer of network intrusion prevention; $20 million; Series D; , , , , , .

Straitshot Communications – Bellevue, WA; a provider of Wide Area Network (WAN) and broadband services, including VoIP, video and real-time applications; $5.5 million; Series B; .

Success Factors – San Mateo, CA; a developer of on-demand software for human capital management; $25 million; Round not disclosed; , , , , .

SynapSense – Roseville, CA; a developer of a configurable, scalable wireless sensor networking platform; $1 million; Series A; , .

Tagsys - Cambridge, MA; a developer of radio frequency identification technology; $35 million; Series C; , , , .

Utility Associates – Atlanta, GA; a provider of hosted mobile field workforce solutions; $1.5 million; Series A; .

WeeWorld – London, UK; a developer of digital characters to personalize Web pages, instant messaging accounts and mobile phones; $15.5 million; Series B; and .

Zeugma Systems – Vancouver, BC; a developer of game-changing solutions for next generation broadband networks; $13.5 million; Series A; , , , Ltd.

IPO Pricings

Vonage Holdings Corp (NYSE: VG)
Holmdel, NJ
Vonage Holdings allows customers to turn a high-speed internet connection into a long distance phone service.
Date of Offering: 5/24/06
Offer Price: $17.00
Closing Price as of 5/25/06: $13.00

Executive Moves

Actify, a San Francisco, CA based provider of client-server design visualization and collaboration solutions for the high technology, automotive, industrial automation and discrete manufacturing industries, named David Opsahl as CEO, and Christopher Jones as President. Opsahl was formerly VP of Business Development. Jones was formerly VP of Sales for Europe, the Middle East and Asia.

Aperto Networks Inc, a Milpitas, CA developer of WiMAX base stations and subscriber units, named Michael Pratt as President and CEO. Pratt was formerly President of ADC Telecommunications.

Asante Networks, a San Jose, CA developer of networking products for businesses, named Y.C. Wang as SVP of Engineering and CTO. Wang was formerly Director of Software Engineering for Asante.

Bit9 Inc, a Cambridge, MA based developer of IT security products, named Tom Murphy as Chief Marketing Officer. Murphy was formerly VP of Marketing at Relicore.

Canopy Venture Partners, a Linden, Utah based early stage venture capital firm, hired Ron Heinz as Executive Manager and Brandon Tidwell as General Counsel and Director of Finance. Heinz was formerly CEO of SonicWALL. Tidwell formerly served as an Associate with Ballard Spahr Andrews & Ingersoll.

eSilicon, a Sunnyvale, CA based supplier of custom integrated circuits, named Crawford Beveridge to the Board of Directors. Beveridge is an Executive VP at Sun Microsystems.

FilesX Inc, a Newton, MA based storage and security provider, named Ron Corriveau as VP of Strategic Alliances, and Robert Kelly as Director of Business Development. Corriveau was formerly VP of Strategic Marketing at EMC Corp. Kelly was formerly Director of Business Development and OEM sales at IBM.

Groundwork, a San Francisco, CA based open source-based IT operations management company, named Craig Thomas as Chief Architect and Chief Technology Officer. Thomas was formerly CTO for Steelwedge Software.

Groxis, a San Francisco based producer of visual search applications, named Brian Chadbourne as CEO. Chadbourne was formerly Director at the Cambridge Group.

HandHeld Entertainment, a San Francisco, CA based maker of portable media players, named Rudi Diezmann as VP of Software Development. Diezmann was formerly Entrepreneur in Residence and Director of Software Development for ePaper Enterprise Solutions at Adobe Systems.

iMakeNews, a Waltham, MA based provider of e-communications, named Jo Ellen Collins as VP of Marketing. Collins was formerly Director of Marketing Communications at Nuance Communications.

Madrona Venture Group, a Seattle WA based Venture Capital firm, named Brian Goffman as Venture Partner. Goffman was formerly an executive with Microsoft.

New Enterprise Associates, a Reston, VA based Venture Capital Firm, named Patrick Kerins as General Partner. Kerins was formerly General Partner Grotech Capital Group.

QD Vision, a Watertown, MA based developer of quantum-dot technologies for flat panel displays, names Mark Comerford as CEO. Comerford was formerly General Manager.

SunRocket, a Vienna, VA based VoIP provider, named Robert Kramer as Chief Information Officer. Kramer was formerly SVP for Business Technologies at America Online.

TeleNav, a Santa Clara, CA based provider of wireless location-based services, named Douglas Miller as CFO. Miller was formerly VP and CFO of LongBoard.

Tradeware Global, a New York, NY based electronic trading services provider, named John Shaw as VP for Quality Assurance. Shaw was formerly Senior Information Technology Advisor and Architect for Barclays Capital.

Updata Partners, a Red Bank, NJ based technology focused venture capital firm, named Greg Olear as VP of Finance. Olear was formerly VP of Finance at Digital 5.

Whaleback Systems, a Portsmouth, NH based developer of broadband telephone technology, named Don Hausman as Senior Director of Product Management and Marketing. Hausman was formerly with NBX Corp.

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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