Raymond Land has resigned as senior vice president and CFO of Safeguard Scientifics (NYSE: SFE), in order to become CFO of Safeguard partner company Clarient (Nasdaq: CLRT). He will be succeeded at Safeguard by Stephen Zarrilli, who served as the company's acting CFO between December 2006 and June 2007. PRESS RELEASE Safeguard Scientifics, […]
SHANGHAI, May 29 (Reuters) – Wall Street bank Morgan Stanley (MS.N: Quote, Profile, Research) plans to launch its first China fund venture next month in an effort to tap the country's booming wealth management market, people with direct knowledge of the matter said on Thursday. Morgan Stanley had agreed to pay 40 million yuan ($5.77 […]
EnvIO Networks Inc., a Waltham, Mass.-based developer of wireless messaging and content management technologies, has raised $10 million in Series B funding, according to a regulatory filing. Return backers include Matrix Partners and North Bridge Venture Partners. www.envionetworks.com
Azuki Systems (fka: peermeta), an Acton, Mass.-based mobile software startup, has raised $6.1 million in Series A funding, according to a regulatory filing. Backers include Kepha Partners and Sigma Partners. www.peermeta.com
ComScore (Nasdaq: SCOR) has acquired M:Metrics, a Seattle-based provider of mobile measurement solutions. The deal includes a $44.3 million cash payment, and 50,000 options to purchase comScore common stock. M:Metrics had raised around $17 million from VC firms like Prism VentureWorks and i-Hatch Ventures. PRESS RELEASE M:Metrics (www.mmetrics.com), the recognized leader in mobile measurement, […]
Laser Light Engines Inc., a Stratham, N.H.-based developer of an “innovative digital light source to upgrade the future cinema experience,” has raised $5 million in Series A funding, according to a regulatory filing. Backers include Braemar Energy Ventures and Harris & Harris Group. www.laserlightengines.com
Onex Corp. is raising upwards of US $4.5 billion for its third private equity fund, according to a regulatory filing. The Toronto-based company already has secured over $2.4 billion, and is using Credit Suisse as a placement agent. The fund is called Onex Partners III. www.onex.com
The Blackstone Group and Wellspring Capital Management have completed their $1.3 billion take-private buyout of Performance Food Group Co. Performance Food stockholders received $34.50 per share. Performance has now been merged with Vistar Corp., a foodservice distributor already owned by Blackstone and Wellspring. PRESS RELEASE Performance Food Group Company announced today that the previously announced […]
NEW YORK (Reuters) – Goldman Sachs' (GS.N: Quote, Profile, Research) efforts to launch a new kind of “blank-check” company, Liberty Lane Acquisition Corp (LLACU.O: Quote, Profile, Research), is getting the cold shoulder both from hedge funds that had snapped up these takeover vehicles and from the traditional stock buyers they hoped to win over. The […]
VMWare Inc. (NYSE: VMW) has agreed to acquire B-hive Networks Inc., a San Mateo, Calif.-based maker of application performance management software. No financial terms were disclosed. B-hive raised a $7 million Series A round in mid-2006, co-led by Index Ventures and Venrock. PRESS RELEASE VMware, Inc., (VMW), the global leader in virtualization solutions […]