Adknowledge, a Kansas City-based provider of behavioral online advertising solutions, has acquired Cubics, an online advertising network created to focus on the Facebook developer community. No financial terms were disclosed. Adknowledge raised $48 million in funding last year from Technology Crossover Ventures. PRESS RELEASE Adknowledge announced today it has acquired Cubics, Inc., the first […]
U.S. HealthWorks Medical Group, a provider of outpatient occupational healthcare services in California, has acquired Inland Industrial Medical Group of Ontario, California. No financial terms were disclosed. U.S. HealthWorks has raised around $131 million since 1996. Current shareholders include Three Arch Partners, Salix Ventures, AIG Altaris Health Partners and Dynamic Healthcare Solutions. PRESS RELEASE […]
MVC Capital has invested a further $30 million in portfolio company Ohio Medical Corp., in order to support the acquisition of Amvex Corp., a Toronto-based maker of respiratory therapy devices. Guggenheim Partners and AEA Investors provided leveraged acquisition financing. www.ohio-medical.com
Clear2Pay NV, a Belgian provider of payment solutions for financial institutions, has acquired Diagram EDI, a French provider of e-banking and online payment solutions. No financial terms were disclosed. Clear2Pay has raised around $40 million in VC funding since 2001, from firms like Big Bang Ventures, Intel Capital, GIMV, Quest Management, Iris Capital, AGF Private […]
Hub International Ltd., a Chicago-based insurance brokerage, has agreed to acquire HKMB International Insurance Brokers, which will operate as a regional platform based in Toronto. No financial terms were disclosed. Hub was taken private earlier this month for $1.8 billion, by Apax Partners and Morgan Stanley Principal Investments. PRESS RELEASE HKMB International Insurance Brokers (HKMB) […]
Intelenet Global Services, an Indian business process outsourcing company recently acquired by The Blackstone Group, has made two acquisitions: Upstream, a Fargo, N.D.-based BPO company; and Travelport ISO, an Indian provider of back-office services to fellow Blackstone portfolio company Travelport.
Metastorm Inc., a Columbia, Md.-based provider of business process management software, has acquired Spotlight Data, a provider of software for process data collection and analysis. No financial terms were disclosed. Metastorm has raised $96 million in total VC funding, including a 2004 recap round. Backers include ABS Capital Partners, Internet Capital Group, 3i Group and […]
I just finished putting together the annual “Where Are They Now?” chart for Venture Capital Journal, which tracks all of the comings and going of VCs over the past year. Two things jumped out at me: 1. There were very few general partners who switched firms in 2007. Sure there were some — like Rich Levandov […]
NextPoint Networks Inc. has been formed via the merger of NexTone Communications and Reef Point Systems, to deliver global fixed-mobile convergence border platforms and secure interconnectivity solutions. The merger is being sponsored by $20 million in new VC funding. One Equity Partners led the round, and was joined by Core Capital Partners, American Capital Strategies, […]
Wyle Laboratories Inc., an El Segundo, Calif.-based defense engineering testing and research company, has acquired RS Information Systems, a McLean, Va.-based federal systems integrator. No financial terms were disclosed. Wyle is a portfolio company of Littlejohn & Co. PRESS RELEASE Wyle, a leading provider of high tech aerospace engineering, testing and research services and […]