Partners Group, a Switzerland-based alternative asset manager, has opened an office in Beijing. It will be run by current partner Linda Cai. PRESS RELEASE Partners Group, the Switzerland-based alternative asset manager, further expands its Asian presence with the opening of its Beijing office. The rapid growth of the Chinese private equity market, both in terms […]
NEW YORK, May 7 (Reuters) – Moody's Corp (MCO.N: Quote, Profile, Research) said on Wednesday that Brian Clarkson will retire as president and chief operating officer of Moody's Investors Service, which is under fire for assigning high credit ratings to mortgage and other securities whose value later collapsed. Clarkson, 52, will remain with the company […]
Xobni Corp., a San Francisco-based provider of email analytics software, has acquired the IP assets of Firedrop, a failed Web 2.0 company that had raised $100 million before being acquired MetricStream in 2004. No financial terms were disclosed. Firedrop had created something called Zaplets, which placed synchronized applications into email messages. Xobni has raised over […]
NGN Capital has invested $12 million to sponsor a spinout of ACT Biotech from Bayer Healthcare. ACT is a San Francisco-based oncology drug developer, and expects to raise a total of $20 million by the end of this quarter. PRESS RELEASE NGN Capital announced today the formation of ACT Biotech Inc., a new company dedicated […]
Igloo Inc., a Waterloo, Ontario-based provider of corporate social networking solutions, has raised US$4 million in funding from RBC Venture Partners. PRESS RELEASE IGLOO Inc., an emerging leader in corporate social networking, today announced the closure of a $US 4 million equity financing round from RBC Venture Partners. The financing enables IGLOO to extend and […]
ClearCube, an Austin, Texas-based provider of centralized computing and virtual desktop solutions, said that it will spin off its software business into a new company called VDIWorks. ClearCube raised a $5 million recap round from existing shareholder Paladin Capital Group earlier this year. It had previously raised over $92 million from Paladin, Austin Ventures, TVM […]
Fora.tv, a San Francisco-based video sharing site for intellectual discourse, has raised $2 million in Series A funding. The money comes from Adobe Systems and individual angels like Will Hearst, who provided Fora.tv with $2 million in seed funding last October. The company is in talks with a strategic investor for an additional $2 million. […]
Giant Realm, a New York-based online media company focused on 16-34 year-old males, has raised $2 million in additional Series A funding from SoftBank Capital. Last month, the company announced a $3.5 million first close from William Morris Agency, Comcast Interactive Capital and Edison Venture Fund. PRESS RELEASE Giant Realm, Inc., the rapidly growing online […]
The Healthy Beverage Co., a Newtown, Penn.
Autodesk Inc. (Nasdaq: ADSK) has acquired Realviz SA, a French developer of image-based content creation software. No financial terms were disclosed. Realviz had raised VC funding from Intel Capital, Eurazeo, MVI Sverige, HPI Holding SA, Edmond de Rothschild Investment Partners and Solaris Asset Management. PRESS RELEASE Autodesk, Inc. (NASDAQ: ADSK) today announced that […]