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