Connie Loizos
Spin Transfer Technologies, a Freemont, Calif.-based maker of MRAM (Magnetoresistive Random Access Memory) technology, has appointed Barry Hoberman as CEO and board chairman. Hoberman joins the firm from the semiconductor company Crocus Technology, where he was chief marketing officer.
An affiliate of L.A.-based Vincente Capital Partners, a growth equity firm, has acquired a controlling interest in Intellectual Technology of Carlsbad, Calif., which provides hardware and software system integration to motor vehicle departments across North America. Terms of the deal were not disclosed, but Intellectual Technology's common stock will no longer be traded and the company will be delisted.
PJ United, the Birmingham, Ala.-based franchisee of Papa John's Pizza stores, has acquired 26 Papa John's Pizza stores from Gaunce Management of Glasgow, Ky., for undisclosed terms. PJ United is a portfolio company of the Washington, D.C.-based middle market private equity firm Halifax Group.
The Boston-based venture firm Highland Capital Partners has promoted Manish Patel to partner at its Menlo Park office. Patel joined Highland as a principal in 2010 after logging seven year at Google where he worked in product management.
It’s been nearly a week since David Petraeus resigned as head of the Central Intelligence Agency. Since then, the four-star general, who served the country for more than 37 years, has effectively been declared persona non grata for having an affair with his biographer. That's not just shoddy; it's knuckle-headed.
Benchmark's Bill Gurley on 10 factors to consider when evaluating digital marketplaces, Kmart offers shoppers a flat-line special, Goldman Sachs reveals its newest directors, and so much more!
Today, the third tranche of restrictions locking up Facebook shares expires, and the quantity of shares available to trade – roughly 800 million, or 36 percent of the stock outstanding -- is stunning.
The big questions, of course, are how many shareholders – and, importantly, which of them -- will use the occasion to turn that stock into cold, hard cash.
Zynga unveils a new management team, Mark Cuban thinks Facebook is blowing it, and America's priciest university costs [spit-take here] $60,000 a year. And so much more!
Tonka Bay Equity Partners, a Minnetonka, Minn.-based private equity firm, has announced that one of its principals, Molly Simmons, has been elected as chair of the board of the Small Business Investor Alliance (SBIA). Simmons has served on the SBIA board for four years.
Willow Laboratories, based in Lynn, Mass., has been acquired by Ampersand Capital Partners. Willow is a clinical and forensic toxicology laboratory that provides urine, hair, and saliva testing services to a wide range of healthcare providers, including treatment centers. Ampersand is a Boston-based, middle market private equity firm. Terms of the deal were not disclosed.