Intrinsyc Software International Inc. (TSX: ICS) has agreed to acquire substantially all the assets of Destinator Technologies Inc., a Toronto-based maker of navigation software that had recently filed for bankruptcy protection. The deal is valued at around C$16 million, including C$8.5 million in cash and 11 common shares of Intrinsyc stock. Destinator had raised over […]
nGenera Corp. (fka. BSG Alliance), an Austin, Texas-based provider of on-demand enterprise software, has acquired Talisma Corp., a Bellevue, Wash.-based provider of customer interaction management software. No financial terms were disclosed. nGenera has raised over $63 million in VC funding from Oak Investment Partners, Foundation Capital, Hummer Winblad Venture Partners and Powershift Ventures. Talisma […]
Guatam Patel has joined Battery Ventures as a partner focused on investments in India. He previously served as head of European operations for iGate, a business process outsourcing and IT services company. Patel will initially be based out of Battery's Silicon Valley office, but later this year will help open the firm's new location in […]
NEW YORK (Reuters) – Castle Creek Capital, a private equity firm that invests in banks, is looking to raise a new $500 million fund, a person with direct knowledge of the company's plans said on Wednesday. The fund will be used to invest in community banks, for both recapitalization and consolidation, said the source, who […]
NEW YORK (Reuters) – More than 7,600 Bear Stearns Cos' (BSC.N: Quote, Profile, Research) employees, about 55 percent of its staff, are expected to lose their jobs as the troubled investment bank is absorbed into JPMorgan Chase & Co (JPM.N: Quote, Profile, Research), JPMorgan Chief Executive James Dimon said Tuesday. While discussing the historic $1.5 […]
David Edwards and Jim Woolsey have joined the cleantech team of VantagePoint Venture Partners as a partner and venture partner, respectively. The firm also promoted Marc van den Berg to managing director. Edwards previously was an equity research analyst with Morgan Stanley, covering the cleantech industry. Woolsey is the former Director of the CIA, and […]
ExteNet Systems Inc., a Lisle, Ill.-based network infrastructure company, has raised $27.5 million in new equity and debt funding. No breakout was disclosed. Palomar Ventures was joined on the equity tranche by return backers Centennial Ventures, Sevin Rosen Funds, Columbia Capital and CenterPoint Ventures. Comerica Bank is providing the revolving credit facility. PRESS RELEASE ExteNet […]
CDC Group has committed $650 million to Actis' third series of emerging markets funds. The series includes a global fund, and four regional pools targeted at Africa, South Asia, China and Latin America. www.act.is
Adrenaline Family Entertainment Inc., an amusement park operating company, has acquired Alabama Adventure in Bessemer, Alabama, from Southland Entertainment. No financial terms were disclosed. Adrenaline is majority-owned by Angelo, Gordon & Co., and led by a team of former Six Flags executives. PRESS RELEASE Adrenaline Family Entertainment, Inc. announced today the acquisition of Alabama […]
ECORE International, a Lancaster, Penn.-based maker of environmentally-sustainable products and solutions for the global marketplace, has raised $29 million in funding from Element Partners. PRESS RELEASE ECORE International, a leader in manufacturing and marketing innovative, environmentally sustainable products and solutions for the global marketplace, has received $29 million in equity financing from Element […]