Mergers & Acquisitions

Asurion, a Nashville, TN based provider of specialty insurance and other marketing services to the wireless telecommunications industry, acquired Lumitrend, a San Mateo, CA based provider of data protection and backup solutions for mobile phones, for an undisclosed amount.

Electronic Arts a, Redwood City, CA based interactive entertainment software company that develops and distributes software for video games, personal computers, and the Internet, acquired Mythic Entertainment, a Fairfax, VA based developer of massively-multiplayer online and computer games, for an undisclosed amount.

EMC a Hopkinton, MA based provider of solutions that integrate networked storage technologies, storage systems, software, and services, acquired Akimbi Systems, a developer of infrastructure management solutions for use in software development, for an undisclosed amount. EMC also acquired ProActivity, a Newton, MA based provider of business process analysis and design solutions, for an undisclosed amount.

iBasis, a Burlington, MA based Internet voice communications company, merged with Royal KPN, the national carrier of the Netherlands, for $55 million.

Infocrossing, a Leonia, NJ based provider of IT outsourcing, acquired IntelliReach, a Dedham, MA based provider of software that supports messaging systems, for an undisclosed amount.

Orbital Data, a San Mateo, CA based developer of WAN optimization appliances that improve application performance over long distance, standard IP networks, acquired Jibe Networks, a San Francisco, CA based provider of WAN acceleration for distributed workforces, for an undisclosed amount.

Telco Systems, a Foxboro, MA based provider of transport and access technologies for IP networks, acquired Metrobility Optical Systems, a Merrimack, N.H. based developer of optical Ethernet technology, for $6.85 million.

Funding

Aligo – San Francisco, CA; a provider of mobile software solutions, offering any enterprise application the power of mobility to maximize and extend existing business infrastructure; $12.56 million; round not specified; Dolphin Equity Partners, Motorola, RBC Capital Partners, Thomas Weisel Venture Partners.

Alloptic – Livermore, CA; a provider of passive optical access equipment that aids fiber-to-the-premise (FTTP) deployment; $8 million; round not specified; Arcapita Ventures.

Autotask – Renselaer, NY; a provider of web based business management software; $6 million; Series C; JMI Equity, FA Technology Ventures.

Ayalogic – Akron, OH; a developer of VoIP software; $1.25 million; Series A extension; Early Stage Partners, LP of Cleveland, Draper Triangle Venture LP, JumpStart Inc.

Chelsio Communications – Sunnyvale, CA; a provider of 10-gigabit Ethernet adapters; $12 million; Series D; LSI Logic.

ClassifEye – Jeruselam, Israel; a developer of identity management solutions for mobile markets; $1.2 million; Series A; Nobska Ventures.

ClickShift - San Bruno, CA; a developer of a system designed to monitor, measure and tune online advertising investments; $6 million; Series A; El Dorado Ventures, U.S. Venture Partners.

Compiere – Portland, OR; a provider of open source business applications, $6 million; Series A; New Enterprise Associates.

Dataupia – Somerville, MA; a provider of data management technology; $15 million; Series A; Polaris Venture Partners, Valhalla Partners.

Envio Networks – Andover, MA; a developer of wireless messaging and content management technologies; $7 million; Series A; Matrix Partners, North Bridge Venture Partners.

iCrossing – Scottsdale, AZ; a search engine marketing firm; $15 million; Series D; Oak Investment Partners.

Kalon Semiconductor – San Diego, CA; a provider of ultrawideband technology; $10.9 million; Series A; Enterprise Partners Venture Capital, Avalon Ventures, Cisco Systems, Mission Ventures.

Kenet –Woburn MA; a developer of revolutionary low-power analog mixed-signal products; $10 million; Series B extension; Oak Investment Partners, Venrock Associates, Kopin Corporation and CP Group.

Kineto – Milpitas, CA; a developer of software that enables a single device to bridge both internet and cellular networks; $15 million; Series C; 3i Group, Oak Investment Partners, Sutter Hill Ventures, Venrock Associates.

Navini Networks – Richardson, TX; a provider of personal plug-n-play broadband wireless access solutions; $17.5 million; Series F; Intel.

Nitronex – Raleigh, N.C; a wireless communications provider; $22 million; round not specified; Alloy Ventures, Intersouth Partners, ARCH Venture Partners, Diamondhead Ventures, VantagePoint Venture Partners, Contender Capital.

OpVista – Milpitas, CA;, a maker of optical transport systems; $28 million; round not specified; Doll Capital Management.

Reef Point Systems – Burlington, MA; a provider of security solutions technology for fixed-mobile convergence (FMC) networks ; $21 million; round not specified; American Capital Technology Group, Jerusalum Venture Partners.

RGB Networks – San Mateo, CA; a provider of a switch used for video processing and bandwidth management; 20 million; Series C; Focus Ventures, Accel Partners, Comcast Interactive Capital, Kleiner Perkins Caufield & Byers, Mitsui & Co., Venture Partners.

Sabrix - San Ramon, CA; a provider of consolidated transaction tax management software and services,; $13 million; Series D; GKM Ventures Mohr Davidow Ventures, Trinity Ventures, VSP Capital.

ServiceBench – Fairfax, VA; a provider of service management solutions; $7.3 million Series D; Valhalla Partners, JMI Equity.

Wine.com - San Francisco, CA; an online wine retailer; $12 million; round not specified; Baker Capital.

Xoom – San Francisco, CA; a provider of online-to-offline international money transfer services; $15 million; Series D; Fidelity Ventures, Sequoia Capital, New Enterprise Associates, SVB Capital.

IPO Pricings

Techwell (NASDAQ: TWLL)
San Jose, CA
Techwell designs decoder chips that convert analog video into digital form, and processors used to display digital video, high-definition television (HDTV), and PC data.
Date of Offering: 6/21/06
Offer Price: $9.00
Closing Price as of 6/22/06: $9.14

Executive Moves

Aegis Semiconductor, a Woburn, MA based supplier of cost-effective wavelength
monitoring and control solutions, named Jeffry Farmer as CEO. Farmer was formerly CEO of Continuum Photonics.

Aperto Networks, a Milpitas, CA based developer of advanced WiMAX base stations and subscriber units, named Behrooz Parsay as VP of Engineering and Subir Varma as VP of Technolgy. Parsay was formerly in Management at L3 Communications. Varma was formerly Director of Systems Architecture at Hybrid Networks.

Blue Shift Technologies, an Andover, MA based developer of vacuum automation products for semiconductor manufacturing, named Tyler Drolet as CFO and Robert Whitney as VP of Operations. Drolet was formerly Director of Finance at Groove Networks and Adero. Whitney was formerly Executive Director of Global Operations at MKS Instrument.

Configuresoft, a Colorado Springs, CO based provider of enterprise application management software, named Mark Ruport as CEO. Ruport was formerly President and COO.

Enterasys Networks, an Andover, MA based provider of IT network hardware and software, named Leon Woo to EVP and CTO. Woo was formerly EVP of Engineering.

Kenet, a Woburn, MA based developer of revolutionary low-power analog mixed-signal products, named Phillip LoPresti as President, CEO and Director. LoPresti was formerly an Executive at NEC Corp.

Mindjet, a San Francisco, CA based provider of productivity software for visualizing and managing information, named Scott Raskin as CEO. Raskin was formerly CEO of Telelogic AB.

Novell, a Waltham, MA based software provider named Ron Hovsepian as CEO and CFO. Hovsepian was formerly President.

Ounce Labs, a Waltham, MA provider of software security assurance, named Claudia Dent as Senior VP of Product Marketing. Dent was formerly VP of Rational Division and for Rational Software at IBM.

Reva Systems, a Chelmsford, MA based developer of next generation radio frequency identification (RFID) products that enable customers to rapidly deploy network intelligent, scalable solutions in any environment, named Tom Schuster as CEO. Schuster was formerly President at Arbor Networks.

Siperian, a San Mateo, CA based provider of data integration and management software platform, named Peter Caswell as CEO. Caswell was formerly President and CEO of Advent Software.

Smart Bargains, a Boston, MA based online, off-price retailer, named Shari Shakun as VP General Merchandise Manager of Softlines, and Corina Roth as VP General Merchandise Manager of Home. Shakun was formerly at Boscov’s Department Stores.

StrongMail Systems, a Redwood City, CA based developer of email infrastructure software, named Ken Paskins as VP of Sales and Paul Conley as VP of Client Services. Paskins was formerly Worldwide OEM Sales Team for TIBCO Software. Conley was Senior Director of Worldwide Backline Operations at BEA Systems.

Thumbplay, a New York, NY based provider of ring tones, wallpapers, games and other content for cellphones, named Scott Marshall COO and CFO. Marshall was formerly EVP and CFO of CSTV Inc.

Vcommerce, a Scottsdale, AZ based provider of on-demand e-commerce and fulfillment solutions for multi-channel retailers and direct-to-consumer companies of all types, named Randy Buness as CFO, and VP of Finance and Administration. Buness was formerly CFO at I.C.E.

Verari, a San Diego, CA based developer of powerful, platform-independent blade servers and storage systems, named David Wright as CEO. Wright was formerly EVP, Office of the CEO, Strategic Alliances and Global Accounts of EMC Corporation.

Wine.com, a San Francisco, CA online wine retailer, named Rich Bergsund as CEO. Bergsund was formerly founder and CEO at IdeaForest

Mergers & Acquisitions

Acquisition Corp, a Greenwich, CT based entity formed last year solely for the purpose of acquiring technology companies, acquired Aviel Systems, a Virginia-based provider of IT and program management consulting to the federal government, for $60 million.

Applix a Westborough, MA based provider of performance management applications, acquired Temtec International, a Netherlands based provider of self-service analytic software that empowers non-technical business users to analyze and report on business-critical information, for $14.5 million.

Bridgeline Software, a Woburn, MA based web application development firm, merged with New Tilt, a Cambridge, MA based, web application development and Internet strategy firm, for an undisclosed amount.

CA, a, Islandia, NY based provider of solutions and services for the management of IT infrastructure, business information, and application development, acquired MDY Group International, a Fair Lawn, NJ based leading provider of enterprise records management, for an undisclosed amount.

FP Technology, a Newton, MA based provider of sales support software that does business as Firepond, merged with AFG Enterprises, a publicly traded entity, for $50 million.

InterSearch Group, a San Francisco, CA based provider of Internet search services and operator of industry specific destination portals, acquired, Camps and SummerCamp, for an undisclosed amount.

Iron Mountain, a Boston, MA based provider of information protection and storage
services, acquired DigiGuard, an Australia based provider of data protection services, for an undisclosed amount.

NetMotion Wireless, a Seattle, WA based provider of a mobile VPN created specifically to address the challenges of mobile computing, merged with Padcom, a Bethlehem, PA based provider of connectivity solutions for continuous remote access to critical information, for an undisclosed amount.

Oracle, a Redwood Shores, CA business software giant, acquired @Work, a La Jolla, CA based developer of software infrastructure for hosted contact center services, for an undisclosed amount.

Reuters, a Britain based electronic publisher of news and financial data worldwide, acquired Application Networks, a Palo Alto, CA based developer of software solutions to support the trading, trade processing, and risk management activities of investment banking, for $41 million.

Symphony Services, a Palo Alto, CA based provider of technology-based business transformation outsourcing services, acquired VMOplus, a Waltham, MA based provider of consulting services with a focus on helping organizations develop and optimize their global and distributed programs, for an undisclosed amount.

Vendio, a San Mateo, CA based provider of services to online merchants,
acquired Andale, a Sunnyvale, CA based provider of listing management and research services for sellers on eBay, for an undisclosed amount.

Funding

Acsera – Sunnyvale, CA; a provider of J2EE application performance management solutions for SOA-based applications; $14.14 million; Series B; Sierra Ventures, 3i Group, Partech International.

Aveksa – Waltham, MA; a provider of identity-driven compliance automation software; $6 million; Series A; Charles River Ventures, Pequot Ventures.

BlackFoot – San Francisco, CA; a developer of marketing analytics software; $2.5 million; Series A; Investor not specified.

BridgeCo – Switzerland; a developer of semiconductors and software that facilitate communication between consumer electronics devices and PC’s; $23 million; Series D; Advent Venture Partners, Benchmark Capital, Cipio Partners, Earlybird Venture Capital, Fidelity Ventures, Intel Capital, Wellington Partners Venture Capital.

CDP Group – Shanghai, China; a provider of outsourced payroll processing and human resources services; $4.5 million; Series B; Investors not specified.

Chronicle Solutions – London, GB; a provider of content capturing products that allow companies to monitor network activities against security threats; $5.5 million; Round not specified; Investors not specified.

Edgeware – Sweden; a provider of server systems for on-demand streaming video over IP networks; $2.23 million; Series B; Amadeus Capital Partners, Creandum.

Ember – Boston, MA; a provider of wireless mesh networking semiconductors and software; $12 million; Series C; Polaris Venture Partners, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet Ventures, DFJ New England, WestLB Mellon Asset Management, ChevronTexaco Technology Ventures.

FiveRuns – Austin, TX; a developer of systems management software for IT professionals; $2.55 million; Series A; Austin Ventures, Silverton Partners, Wilson Sonsini Goodrich & Rosati.

Flash Networks – Israel; a provider of mobile data optimization solutions; $15 million; Series F; HarbourVest Partners, Argonaut Private Equity, Evergreen Partners.

Glimmerglass – Hayward, CA; a developer of connectivity solutions that manage light at the physical fiber, waveband, and individual wavelength levels; $6 million; Series B-1; Investors not specified.

HubSpot – Cambridge, MA; a software company offering enterprise-class applications right-sized for very small businesses; $500,000; Series A; Investors not specified.

InSciTek – Fairport, NY; a consulting company specializing in imaging, systems monitoring and communications applications; $2 million; round not specified; Cayuga Venture Fund.

IPLocks – San Jose, CA; a provider of database security and compliance software; $11 million; Series D; Investors not specified.

Liquidia Technologies – Research Triangle Park, NC; maker of a liquid molding material with a broad range of applications; $6 million; Series A; Investors not specified.

Luminary Micro – Austin, TX; a developer of ARM Cortex-M3 processor-based microcontrollers; $14 million; Series B; New Enterprise Associates (NEA), ATA Ventures.

MobileAccess – Vienna, VA; a provider of enterprise wireless equipment; $11 million; Series E; Ziegler Meditech Equity Partners, HarbourVest Partners, Pitango Venture Capital, Poalim Capital Markets Technologies.

Novalux – Sunnyvale, CA; a developer of laser light illuminators for consumer display applications; $21.7 million; Series B; Crescendo Ventures, DynaFund Ventures, Morgan Stanley Venture Partners, Tredegar Investments.

Oddcast – New York, NY; a developer of avatar software products; $4 million; Series D; Union Square Ventures, ITOCHU.

One True Media – Redwood City, CA: provider of innovative online video and photo editing services; $5 million; Series A; Kleiner Perkins Caufield & Byers.

Palamida - San Francisco, CA; a provider of software intellectual property management and compliance products; $8 million; Series B; Mitsui & Co. Venture Partners, Hummer Winblad Venture Partners, WaldenVC.

PDC – Austin, TX; a developer of enterprise feedback software; $25 million; Series A; Austin Ventures.

Qpixel Technology International – Cupertino, CA; a developer of video and audio encoders and decoders for the digital consumer electronics and digital video communication industries; $25 million; Series B; Bandel Carano, Oak Investment Partners, Technology Associates Management Company, Acorn Campus, iD SoftCapital Group.

Rally Software Development – Boulder, CO; a developer of collaborative development and lifecycle management solutions for software teams; $8 million; Series B; Vista Ventures, Boulder Ventures, Mobius Venture Capital.

RedSeal Systems – San Mateo, CA; provider of enterprise security solutions that enable companies to characterize their security infrastructure; $14 million; Series A; Venrock Associates (Lead), Leapfrog Ventures, Sutter Hill Ventures.

Sequoia Communications – San Diego, CA; a developer of technology for radio and physical layer signal processing; $25 million; Series E; BlueRun Ventures, Motorola Ventures, Tallwood Venture Capital.

SOA Software- Los Angeles, CA; a provider of enterprise Web services and security; $11 million; Series D; Investors not specified.

Specific Media – Irvine, CA; an online media network and audience targeting company; $10 million; Series A; Enterprise Partners Venture Capital, Shepard Ventures.

Spiceworks – Austin, TX; a developer of software; $5 million; Series A; Austin Ventures.

Telcogames – U.K; a global publisher, developer, and distributor of mobile games; amount not specified; round not specified; YFM Group.

Tiger Optics – Warrington, PA; a developer of electro-optic analyzers and components worldwide; amount not specified; Series B; Expansion Capital Partners, Georgieff Capital.

TutorVista - San Francisco, CA; provider of online tutoring and test preparation services; $2 million; Series A; Sequoia Capital India.

Visitar – Morrisville, NC; a provider of communications enabled business applications; $1 million; Series A; Aurora Funds, NC IDEA.

IPO Pricings

Synchronoss Technologies, Inc (NASDAQ: SNCR&nbsp
Bridgewater, NJ
Synchronoss Technologies provides software and services that communications service providers use to manage tasks such as service activation and customer transactions including additions, subtractions, and changes to service plans.

Date of Offering: 6/15/06
Offer Price: $8.00
Closing Price as of 6/15/06: $8.85

Executive Moves

Bivio Networks, a Pleasanton, CA based developer of high-speed network
appliance platforms, named Keith Glover as CFO. Glover was formerly EVP of Finance, CFO and Corporate Secretary for Proxim.

ClariFi, a Boca Raton, FL based financial services software developer, named Eric Soderberg as VP of Marketing. Soderberg was formerly VP of Marketing for Investment Technology Group Inc.

Clear Technology, a Westminster, CO based provider of business process management software, named Brian Cohen as President and CEO. Cohen was formerly President and CEO of Strategic Growth Advisors.

Comverge, an East Hanover, NJ based provider of demand response hardware and software allowing utilities to remotely manage and monitor energy usage, named Michael Picchi as EVP and CFO. Picchi was formerly SVP of accounting.

First Rain, a Foster City, CA based provider of vertical search services that discover unique and valuable intelligence for investment professionals and corporations, named David Frankel as VP of Financial Services. Frankel was formerly VP of Sales at BNY Jaywalk.

Kenet, a Woburn, MA based developer of semiconductors, named Phillip LoPresti as President and CEO. LoPresti was formerly VP and GM of the Custom LSI Solutions strategic business unit at NEC Electronics America.

MetaCarta, a Cambridge, MA based provider of technology linking text searching with geographical information, named Rick Hutton as VP of Content Services. Hutton was formerly VP of Sales and Marketing at VideoLink.

Mpire, a Seattle, WA based provider of management tools for online auctions, named Matt Hulett as Chairman and CEO. Hulett was formerly President of Corporate Travel at Expedia Inc.

TriCipher, a San Mateo, CA based provider of authentication appliance for online security, named John De Santis as CEO, President and Chairman of the Board. De Santis was formerly CEO, and President of Sygate Technologies.

Tripwire, a Portland, OR based provider of change auditing software and services, named Jim Johnson as CEO. Johnson, was formerly an Executive at Intel.

Uplogix, an Austin, TX based provider of automated network support software, named Song Kim as VP of Finance, Mike McCown as VP of Engineering and Terry Sadowski as VP of Marketing. Kim was formerly VP of Finance at Works Inc. McCown was formerly VP of Technology for Telehealth Broadband LLC. Sadowski was formerly VP of Marketing for NetSolve Inc.

Zoom Information, a Waltham, MA based B2B search engine for discovering people, companies and relationships, named Bill Price as CFO. Price was formerly CFO at MarketSoft.