IPC Systems Holdings Corp., a Jersey City, N.J.-based provider of integrated communications solutions to financial services companies, has withdrawn its registration for a $400 million IPO. No explanation was provided. Silver Lake Partners has owned the company since a late 2006 buyout. www.ipc.com
Drew Hoffman has joined InterWest Partners as an executive-in-residence. He will focus on the medical device sector, and continue to serve as CEO of InterWest portfolio company Synvascular. PRESS RELEASE InterWest Partners, a leading diversified venture capital firm, announced that Drew Hoffmann has been appointed as Executive-in-Residence. Hoffmann will pursue investment opportunities in […]
Passport Health Communications Inc., a Franklin, Tenn.-based provider of payer and patient information technology services for healthcare providers, has acquired Nebo Systems Inc., an Oakbrook Terrace, Ill.-based provider of revenue cycle management and claims consulting services. No financial terms were disclosed. Passport has raised over $90 million in private funding, including a $70 million recap […]
HyperMed Inc., a Burlington, Mass.-based provider of medical hyperspectral imaging, has raised $4 million in second-round funding from return backer GBP Capital. PRESS RELEASE HyperMed, Inc., the leader in hyperspectral medical imaging, today announces it completed $4 million financing from GBP Capital (GBP) this month. Proceeds will support ongoing marketing and sales of OxyVu
Electronic Arts Inc. has agreed to acquire the assets of Hands-On Mobile Korea, the Korean division of San Francisco-based mobile gaming publisher Hands-On Mobile (f.k.a. Mforma). No financial terms were disclosed. Hands-On Mobile has raised around $104 million in VC funding from firms like Bessemer Venture Partners, General Catalyst Partners, eFund, Draper Fisher Jurvetson and […]
Arteris Inc., a London-based provider of networking-on-chip IPO, has raised $7.5 million in Series C funding. Docomo Capital was joined by return backers Synopsys, Crescendo Ventures, TVM Capital and Ventech. Arteris has now raised $25 million. PRESS RELEASE Docomo Capital has joined existing investors Synopsys, Crescendo, TVM Capital and Ventech. The latest round brings […]
RedShift Ventures has promoted Srini Mirmira from principal to partner. He currently represents RedShift on the boards of portfolio companies Imaginova, Novariant, SiOnyx and TerraGo Technologies. PRESS RELEASE RedShift Ventures announced today that Dr. Srini Mirmira has been promoted from Principal to Partner. “An exceptional talent, Srini has delivered tremendous value to our portfolio […]
FRANKFURT, May 23 (Reuters) – Loss-making German chipmaker Infineon Technologies AG (IFXGn.DE: Quote, Profile, Research) is in talks with Dutch peer NXP [NXP.UL] to forge “closer cooperation”, German newspaper Handelsblatt said on Friday, citing unnamed sources. The talks, which are in a “sensitive” phase, were not about a takeover but focused on how the companies […]
Mayfield Fund, a Silicon Valley venture capital firm, is raising up to $150 million for its first dedicated India fund, according to a regulatory filing. It already has secured $75 million from limited partners like Skandia Life Insurance Co., Adveq and Industriens Pensionforsikring. www.mayfield.com
NEW YORK, May 22 (Reuters) – Apollo Management, the private equity investment firm, this week hired former top Morgan Stanley (MS.N: Quote, Profile, Research) fixed-income executive Neal Shear, a spokesman for Apollo said on Thursday. Shear will lead a new commodities trading business that will work with Apollo's private-equity and capital markets units, according to […]