Highlights from recent IT venture capital investment activity
North America
Secondary Venture Round
11.01.2012 – Hazlet, NJ
iCIMS – Leading SaaS Provider, Secures $35 Million
HR talent software vendor iCIMS has a new business partner and $35 million to spend on expansion. The company announced this morning that private equity fund Susquehanna Growth Equity has taken a minority stake in the firm.
http://www.vcaonline.com/news/news.asp?ID=2012011106
10.01.2012 – Denver, CO
Thought Equity Motion Receives $28M Investment from Investcorp Technology Partners
Thought Equity Motion, a Denver, Colorado-based provider of cloud-based video management and footage licensing services, has received a $28m investment from Investcorp Technology Partners.http://www.finsmes.com/2012/01/thought-equity-motion-receives-28m-investment-investcorp-technology-partners.html
05.01.2012 – Los Gatos, CA
Battery-saving chip startup SuVolta raises $17.6M
SuVolta, a chip startup that says it can cut power consumption by 50 to 90 percent when coupled with other techniques for lowering voltage, said today it has raises $17.6 million in a new round of funding. The funding came from new investor Bright Capital as well as existing investors Kleiner Perkins Caufield & Byers, New Enterprise Associates, August Capital, NEA, Northgate Capital, DAG Ventures and others.http://venturebeat.com/2012/01/05/…
10.01.2012 – Waltham, WA
Verivi Software Raises $17M
The company announced that it has secured $17 million in growth capital funding to further boost sales, fuel marketing programs and accelerate its product development roadmap as it expands its global presence. The latest round of funding is led by Commonwealth Capital Ventures, with participation from Pyxis Mobile’s existing investors, including Ascent Venture Partners and Egan-Managed Capital.http://verivo.com/press/press-releases/mobile-industry-experts-launch-verivo-software/
09.01.2011 – New York, NY
BuzzFeed Raises $15.5 Million in Financing
BuzzFeed Media, your source for all things Internet meme, announced that it has received a $15.5 million funding from New Enterprise Associates (NEA), Lerer Ventures, Hearst Media, Softbank and RRE Ventures. Patrick Kerings, a general partner at NEA has joined the board of directors at BuzzFeed. The manager of Lerer Ventures and a co-founder of the Huffington Post, Kenneth Lerer, will become executive chairman. Also, Greg Coleman, who was once President of the Huffington Post, has also joined the company as an “active advisor.”http://www.buzzfeed.com/about/press#releases
10.01.2012 – Santa Clara, CA
BridgeWave Secures $10.3M
BridgeWave Communications, the leading supplier of 4G millimeter wave backhaul solutions, today announced that it has secured an additional $10.3 million financing round. The funds will be used to support accelerating growth in the backhaul for network deployments going into 2012 as carriers continue to address the data transport challenges expected with 4G mobile and LTE network deployments worldwide. The round was led by Intel Capital and Morgan Creek Capital Management, with full participation from existing investors Core Capital Partners and Cipio Partners.
http://www.bridgewave.com/company/pressreleases_20120110.cfm
10.01.2012 – Boston, MA
ClickSquared Closes $9M Equity Financing
ClickSquared, a Boston, Massachusetts-based provider of cross-channel marketing software and services, has closed a $9m equity financing. The round was led by Staley Capital, with participation from existing investors Flybridge, JMI Equity and ABS Ventures. http://www.finsmes.com/2012/01/clicksquared-closes-9m-equity-financing.html
09.01.2012 – Middlesex, UK
Neolane Secures a $27 Million Financing Round
Conversational marketing technology provider Neolane today announced it has closed a $27 million financing round. Battery Ventures led the round, joining initial Neolane investors Auriga Partners, XAnge and Gilles Queru. The funding will be used to aggressively expand Neolane’s global leadership across the marketing technology industry, particularly in North America, by bolstering its own sales, marketing and product development efforts, while increasing its presence in new geographies.http://www.neolane.com/uk/resources/press-releases/press-releases-2012/neolane-secures-a-27-million-financing-round
10.01.2012 – Amsterdam, Netherlands
Takeaway.com Raises $13M
Takeaway.com, a Dutch online food ordering website, has raised € 13m in funding from venture capital firm Prime Ventures. The company intends to use the proceeds from the investment to accelerate its international growth plans. Founder in 2000 by CEO Jitse Groen, Takeaway.com is currently present in 10 European countries under various brands such as Thuisbezorgd.nl,Pizza.be, Lieferservice.de and Lieferservice.at, with both web and mobile services. http://www.vcaonline.com/news/news.asp?ID=2012011009
Mergers & Aquisitions
11.01.2012 – Herzliya Pituach, Israel
Apple Bought Anobit
Apple said on Wednesday it had bought Israel’s Anobit, a maker of flash storage technology whose chips it already uses in gadgets such as the iPad. Israeli media reported on December 20 that Apple bought Anobit for as much as $500 million, its first acquisition of an Israeli company. Apple declined to comment at the time. http://techcrunch.com/2012/01/11/why-apple-bought-anobit/
10.01.2012 – Stuttgard, Germany
24MAS Acquires Liquid Air Lab GmbH
24MAS, a Stockholm-based mobile advertising network, has acquired Liquid Air Lab, the German company behind the popular mobile radio app network Spodtronic.com, with over 20 million radio app installations worldwide. Deal terms were not disclosed.http://www.liquidairlab.com/lal-24mas-press_release.html
05.01.2011 – Bath, UK
Mindspeed to Acquire Picochip
Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that it is has signed a definitive agreement to acquire U.K.-based Picochip Limited, a leading supplier of integrated system-on-chip (SoC) solutions for small cell base stations, for a purchase price of approximately $51.8 million, plus a potential earnout payment of up to $25 million payable in the first calendar quarter of 2013.http://www.picochip.com/news/208/
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