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Scott Klein has been named CEO of Idearc Inc. (NYSE: IAR), a multi-platform provider of advertising solutions. He has been an operating partner with Symphony Technology Group since late last year and, before that, spent four years and president and CEO of Information Resources Inc. PRESS RELEASE Idearc Inc. (IAR) announced the appointment of Scott […]
First Coverage Inc., a provider of financial information management solutions to the institutional investment community, has raised $9 million in Series B funding. Commonwealth Capital Ventures led the round, and was joined by return backers GrandBanks Capital and JLA Ventures. The company's corporate headquarters are in Toronto, while it also has a Boston office. It […]
Zannel, a San Francisco-based provider of an instant mobile messaging service, has raised $10 million in Series B funding. Alloy Ventures led the round, and was joined by return backers U.S. Venture Partners and Palomar Ventures. The company had previously raised $6 million.  PRESS RELEASE Zannel (zannel.com), the mobile industry's first Instant Media Messaging
Dan Hatcher has joined Gresham as a partner based in the firm's London office. He previously was with Ernst & Young, where he worked with Gresham on such transactions as the secondary buyout of Betts Global last October. PRESS RELEASE Gresham, the mid market private equity firm, today announces the appointment of Dan Hatcher as […]
Sorrento Networks, a Denver-based provider of metro optical access solutions, has acquired the assets of Redfern Broadband Networks, an Australia-based maker of optical networking equipment. No financial terms were disclosed.   Sorrento was formed earlier this year by CHB Capital Partners, which carved out the fiber optics division of Zhone Technologies Inc. (ZHNE).   Redfern […]
RHI Entertainment Inc., a New York-based producer of made-for-TV movies and other television programming, has set its IPO terms to 12.5 million common shares being offered at between $16 and $18 per share.   It plans to trade on the Nasdaq under ticker symbol RHIE, with JPMorgan and Banc of America securities serving as co-lead […]
Grotech Capital Group has changed its name to Grotech Ventures.   PRESS RELEASE   Grotech Capital Group, a leading early-stage investor in high-potential technology companies and one of the longest-established firms in the venture industry, is now Grotech Ventures. The new name represents Grotech's alignment towards an early-stage technology investment focus while also supporting companies […]
BT Imaging Pty Ltd., an Australia-based maker of inspection tools for solar cell manufacturing, has raised A$3 million in Series A funding. Allen & Buckeridge Venture Capital led the round, and was joined by UniSeed.  PRESS RELEASE BT Imaging Pty Ltd., a global supplier of inspection tools for solar cell manufacturing, announced today that it […]
Ondax Inc., a Monrovia, Calif.-based optical components manufacturer, has raised nearly $2.5 million in Series D funding, according to a regulatory filing. Listed shareholders include Corning Innovation Ventures, Cal Tech, Alcatel Ventures, Gabriel Venture Partners and Arcturus Capital. www.ondaxinc.com
ZettaCore Inc., a Englewood, Colo.-based developer of molecular memory solutions, has called down $15 million of a $22 million Series C round, according to a regulatory filing. Return backers include Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers and Oxford Bioscience Partners. The company had previously raised around $35 million. www.zettacore.com
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