Rudy Mazzocchi has been named CEO of NovaVision, a Boca Raton, Fla.-based developer of medical devices for people with neurological visual impairments. He previously was a managing director with Accuitive Medical Ventures. www.novavision.com
Funambol Inc., a Redwood City, Calif.-based developer of open-source mobile application servers, has raised $12.5 million in Series B funding. Nexit Ventures led the round, and was joined by Castile Ventures and return backers Walden International and HIG Ventures. PRESS RELEASE Funambol, Inc., the leading provider of Mobile 2.0 messaging software powered by […]
PSS Systems Inc., a Mountain View, Calif.-based provider of legal holds and retention management solutions, has raised $18 million in Series D funding. FTVentures led the round, and was joined by return backers Lightspeed Venture Partners, Azure Capital Partners, Granite Ventures and Cipio Partners. PRESS RELEASE PSS Systems, the leader in legal holds and […]
Medicis (NYSE: MRX) has agreed to acquire LipoSonix, a Seattle-based maker of an ultrasound technology for cosmetic body contouring. The deal includes a $150 million up-front cash payment and up to $150 million in future milestone payments. LipoSonix had raised nearly $40 million in VC funding since 2001, including a $27 million Series C […]
ImageSpan Inc., a Sausalito, Calif.-based provider of enabling infrastructure for digital content licensing, has raised $11 million in Series B funding. Bertelsmann Digital Media Investments led the round, and was joined by the New York City Investment Fund, City Lights Capital Management and Ackerley Partners. Return backers include Greycroft Partners and Village Ventures. PRESS […]
Solarflare Communications Inc., an Irvine, Calif.-based provider of standards-compliant 10GbE solicon, has raised $26 million in new VC funding. Return backers include Oak Investment Partners, Foundation Capital, Accel Partners and Amadeus Capital Partners. Solarflare has now raised over $125 million in total VC funding since early 2001. PRESS RELEASE Solarflare Communications, the leading […]
Jeff Weiner has agreed to join both Accel Partners and Greylock Partners as an executive-in-residence. He has been with Yahoo for the past seven years, most recently as executive vice president of its Network division. PRESS RELEASE Accel Partners and Greylock Partners, leading venture capital firms, today jointly announced the appointment of Jeff Weiner as […]
Verticals onDemand, a Pleasanton, Calif.-based provider of SaaS CRM solutions for the pharma and biotech markets, has raised $4 million in VC funding from Emergence Capital Partners. PRESS RELEASE Verticals onDemand, the leading provider of Software-as-a-Service (SaaS) CRM solutions for the pharmaceutical and biotechnology industry, has secured $4 million of funding from Emergence […]
June 16 (Reuters) – Citigroup Inc (C.N: Quote, Profile, Research), the largest U.S. bank, said Frank Yeary will leave his position as head of global mergers and acquisitions in mid-July to assume a new vice chancellor post at the University of California at Berkeley. Yeary, 44, led Citigroup's mergers and acquisitions team for five years. […]
NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) laid off investment bankers last week as it reacts to slowing markets and a slump in merger activity, according to people familiar with the situation and Wall Street recruiters. The cuts, described as in the hundreds, were concentrated among support staff […]