Mergers & Acquisitions
Agilent Technologies acquired Xpedion Design Systems, a Milpitas, CA based provider of analysis and verification solutions, for wireless and high-speed System-on-Chip IC designers, for an undisclosed amount.
Digi International, a Minnetonka, MN based provider of commercial grade networking solutions, acquired MaxStream, a Lindon, UT based provider of wireless device networking solutions, for $38.5 million.
Motorola acquired Broadbus Technologies, a Boxborough, MA based developer of next-generation VOD systems, for an undisclosed amount.
NIIT Global, an Atlanta based provider of classroom and e-learning solutions, acquired Element K, a Rochester, NY based provider of learning solutions, for an undisclosed amount.
Pitney Bowes acquired Print, Inc., a Kirkland, WA based provider of document management infrastructure (DMI) solutions, for $47 million.
Tidal Software, a Palo Alto, CA based provider of application scheduling and performance management software, acquired Intersperse, a Pasadena, CA based provider of management solutions for software components and services, for an undisclosed amount.
Time Warner Telecom acquired Xspedius Communications, an O’Fallon, MO based provider of integrated telecommunications services to small- to medium-sized enterprises, for $531.5 million.
Waat Media Wireless Entertainment, a Sherman Oaks, CA based provider of late night entertainment for mobile phones and wireless devices, acquired Charismatix, a developer of java games and entertainment products for mobile devices, for an undisclosed amount.
Funding
Accept Software – Fremont, CA; a provider of a turnkey solution for enterprise product planning; $4.25 million; round not specified; Jefferson Partners.
APProtect – Ein Ayala, Israel; a provider of security and anti-piracy solutions; $745K; round not specified; Giza Venture Capital, Office of the Chief Scientist, ProSeed Venture Capital Fund, Technion Israel Institute of Technology, Vertex Venture Capital.
Digital Chocolate – San Mateo, CA; a provider of games and applications for mobile phones; $22.5 million; Series C; Bridgescale Partners, Chengwei Ventures, CHI Capital, DN Capital, Glynn Capital Management, Kleiner Perkins Caufield & Byers, Montagu Newhall Associates, Outlook Ventures, Sequoia Capital, Sutter Hill Ventures.
ExaProtect – Villeurbanne, France; a developer of security management software that monitors IT infrastructure for security breaches; $5.67 million; round not specified; CIC Group, Elaia Partners.
Infinera – Sunnyvale, CA; a provider of optical networking systems; $110 million; Series G; Benchmark Capital, Kleiner Perkins Caufield & Byers, Mobius Technology Solutions.
Innovation Engineering – Mount Laurel, NJ; a developer of power systems and RF-based technologies for the semiconductor equipment, industrial lasers, medical equipment and telecommunication markets; undisclosed amount; round not specified; NJTC Venture Fund.
InstaJob – Flower Mound, TX; a developer of job recruiting software; $2 million; Series A; Sevin Rosen Funds.
Intelleflex – San Jose, CA; a developer of RFID integrated circuits, packaged tags, and readers; $15.5 million; Series B; Morgenthaler Ventures, Alloy Ventures, Selby Venture Partners, Woodside Fund.
MaXXan Systems – San Jose, CA; a provider of a scalable intelligent application switch for data centers, as well as stand-alone solutions designed for small and medium businesses; $5.97 million; Series E; BA Venture Partners (BAVP), Trellis Partners, U.S. Venture Partners, Venrock Associates.
mindSHIFT Technologies – Fairfax, VA; a provider of a fully managed information technology (IT) infrastructure service for small-to-mid sized organizations; $18.43 million; Series CC; Columbia Capital, Fidelity Ventures.
NetEffect – Austin, TX; a provider of next-generation Ethernet connectivity solutions; $25 million; Series B; Austin Ventures, Duchossois Technology Partners, Granite Ventures, Infinity Capital, JatoTech Ventures, TI Venture Capital, TL Ventures.
NextMedium – Los Angeles, CA; a provider of a brand integration advertising platform; $6 million; Series B; Bessemer Venture Partners (Lead), Ascend Venture Group, Globespan Capital Partners.
Nomad – Hexham, UK; a provider of network independent data communications and services; $14.8 million; Series A; Amadeus Capital Partners, T-Mobile Venture Fund.
Panther Express – New York, NY; a provider of a content delivery network (CDN); $6 million; round not specified; Greylock Partners.
Pi – Kirkland, WA; a developer of information management software; $9.4 million; Series B; Warburg Pincus.
Rajant – Malvern, PA; a developer of nonfixed-wireless-LAN products that create an instant lifeline to the world in areas where fixed networks are destroyed, temporarily out of service or simply impractical; $3.25 million; Series B; Battelle Ventures, Innovation Valley Partners.
Revver – Hollywood, CA; a developer of technology that allows producers of homemade digital videos to share and make money from their work; $1.55 million; Series B; Comcast Interactive Capital, Turner New Media Investments.
Santa Cruz Networks is a provider of Internet-based communication and data sharing solutions; $4.36 million; Series B; Advanced Equities, Draper Fisher Jurvetson (DFJ), Geneva Venture Partners.
Sequans Communications– Paris, France; a supplier of fixed and mobile WiMAX chips; $24 million; Series C; Kennet Venture Partners, Add Partners, Cap Decisif, Vision Capital.
Site9 – Portland, OR; a developer of ecommerce and B2B website development software; $1.1 million; Series A; Mount Hood Equity Partners.
SnapVine – Seattle, WA; a developer of mobile voice applications; $2 million; Series A; Draper Fisher Jurvetson (DFJ), First Round Capital.
SS8 Networks – San Jose, CA; a developer of mission-critical signaling solutions and service applications; $5 million; Series D; undisclosed investors.
SteelBox Networks – Atlanta, GA; a developer of video switching software and equipment; $10 million; round not specified; Sierra Ventures.
Tello – San Mateo, CA; a provider of OnDemand unified communication and collaboration services; $10 million; Series B; BCE Capital, Eagle River, Evercore Partners, Intel Capital, Rho Ventures.
Xceedium – Jersey City, NJ: a provider of secure IT operations management solutions; $5 million; Series A; ArrowPath Venture Capital, Nationwide Mutual Insurance Company. | IPO Pricings
WNS (Holdings) Limited (NYSE: WNS)
IPO Filings
Qimonda AG(NYSE: QI Proposed)
Executive Moves
Acopia Networks, a Lowell, MA based storage switch company, named Kirby Wadsworth as SVP of Marketing & Business Development. Wadsworth was formerly VP of Marketing & Business Development at Revivio.
Bay Partners, a Cupertino, CA based venture capital firm, promoted Venture Partner Eric Chin and Entrepreneur in Residence Neil Sadaranganey to Partners.
BioPassword, a Seattle based provider of secure authentication and anti-fraud solutions based on the behavioral biometric of keystroke dynamics, named Chris Dukelow as CFO. Dukelow was formerly COO for Escapia.
H-Stream Wireless, a Palo Alto, CA based developer of low-power wireless semiconductor solutions, named Dave Timm as CEO and Mike Schwartz as VP of Engineering. Timm was formerly founder and Managing Director of the Notebook Power Business Unit at Maxim Integrated Products. Schwartz was formerly VP of Wi-Fi R&D for DSP Group.
InnerWireless, a Richardson, TX based provider of in-building wireless systems, named Janet Lind as VP of Product Development. Lind has served in various C-level and executive roles with Cyneta Networks, Nortel Networks and Siemens.
IWatt, a Los Gatos, CA based developer of digital power conversion IC technology, named Don Devost as CFO. Devost was formerly Director of Finance & Operations for the worldwide sales division of Analog Devices.
Opus Capital, a Menlo Park, CA based venture capital firm, named Stanford University Professor Serge Plotkin as Venture Partner.
Palomar Ventures, a Santa Monica based early-stage venture capital firm, promoted Principal Brian Garrett to Partner and named Kevin Jacques as Partner. Jacques was formerly a partner with Sevin Rosen Funds.
SenSage, a San Francisco based provider of scalable log management solutions, named Joan Varrone as CFO. Varrone was formerly CFO of Optiva.
Syntricity, a San Diego based provider of enterprise yield-management software for the semiconductor industry, named Michael Crawford as SVP of Engineering. Crawford was formerly SVP of Engineering for EMC/Prisa Networks.
WebGen Systems, a Cambridge, MA based provider of advanced software for energy conservation and control in commercial buildings, named Bob Potter as Chairman, President & CEO. Potter was formerly President & CEO of Kalido.
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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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