LiveU Inc., a Fair Lawn, N.J.-based enabler of live video transmission over wireless networks, has raised $9 million in Series B funding. Carmel Ventures and return backer Canaan Partners co-led the round. PRESS RELEASE LiveU Inc., developers of unique technologies and products for the transmission of live video over wireless networks, today announced that […]
Yodlee Inc., a Redwood City, Calif.-based provider of an online financial services portal, announced that it has raised $35 million. Bank of America led the round, which our records indicate closed in June 2007. Return backers include Warburg Pincus, Accel Partners and Institutional Venture Partners. PRESS RELEASE Yodlee, Inc., today announced that Bank of America […]
Novartis has agreed to buy Protez Pharmaceuticals, a Malvern, Pa.-based developer of antibiotics to combat drug-resistant and life-threatening infections. The deal is valued at up to $400 million in cash, including a $100 million up-front payment and up to $300 million in potential earn-outs based on clinical milestones. Protez has raised nearly $30 million in […]
RockPort Capital Partners, a Boston-based venture capital firm focused on the cleantech sector, has raised $450 million for its third fund. PRESS RELEASE RockPort Capital Partners announced today the close of its third venture capital fund with commitments of over $450 million, making it one of the largest venture funds focused on clean technology investments. […]
Kevin Laracey has joined Sigma Partners as a Boston-based venture partner. He is the founder and former CEO of eDocs, and most recently was vice president and GM of Siebel System's Customer Self Service Group. PRESS RELEASE Sigma Partners, an early-stage technology venture capital firm founded in 1984, today announced the addition of Kevin Laracey […]
Citadel Plastics, a portfolio company of Wind Point Partners, has acquired Bulk Molding Compounds Inc., a producer of thermoset bulk molding compounds with around $110 million in annual revenue. No pricing terms were disclosed. Leveraged financing was provided by Dymas Capital, JPMorgan Chase, MCG Capital Corp. and PNC Mezzanine Capital. PRESS RELEASE Wind Point Partners, […]
Water Street Healthcare Partners has sponsored a merger of healthcare product distributors Tri-anim and Bound Tree Medical. Tri-anim distributes respiratory and EMS products, while Bound Tree supplies EMS products. Water Street has committed $75 million in equity financing to grow the combined company, which is expected to generate more than $400 million in revenue. PRESS […]
Daniel Celentano has joined Evercore Partners as a senior managing director in the firm's restructuring advisory practice. He previously was head of Bear Stearns' financial restructuring group. PRESS RELEASE Evercore Partners Inc. (NYSE: EVR) announced today that Daniel A. Celentano has joined the firm's restructuring advisory practice as a Senior Managing Director. He will be […]
Brown Rudnick LLP has formed a cleantech team for companies and investors involved in “renewable, sustainable, and environmentally safe technologies.” PRESS RELEASE Brown Rudnick, a premier international law firm, today announced that it has established a Cleantech Team to serve the needs of companies and investors involved in renewable, sustainable, and environmentally safe technologies. […]
NEW YORK (Reuters) – Verizon Wireless is in talks to buy rural mobile service provider Alltel Corp for about $27 billion in debt and cash to create a company that would overtake AT&T Inc as the No. 1 U.S. mobile service, a sources familiar with the talks told Reuters on Wednesday. While the details of […]