WorkLight Inc., an Israel-based provider of Web 2.0 tools for the enterprise, has raised $12 million in Series B funding. Pitango Venture Capital led the round, and was joined by return backers Genesis Partners, Index Ventures and Imperva CEO Shlomo Kramer. PRESS RELEASE WorkLight
David Mayer has joined Abingworth Management as a partner, where he will focus on growth equity opportunities from the firm's Waltham, Mass. office. He previously was a managing partner with Thoma Cressey Equity Partners. PRESS RELEASE Abingworth, the international life sciences investment group, today announced the appointment of David Mayer as Partner. He […]
Arboretum Ventures of Ann Arbor, Mich. has opened an office in Cleveland. It will be managed by new venture partner Jon Snyder. PRESS RELEASE Arboretum Ventures, headquartered in Ann Arbor, Michigan, announced today that it has opened an office at the BioEnterprise facility in Cleveland, OH. The office will be managed by Jon J. […]
HMP Communications, a provider of information and education for healthcare professionals, has acquired Princeton Media Associates LLC, a provider of continuing education and news for healthcare professionals. No financial terms were disclosed. SIG Growth Equity joined existing HMP backer Alta Communications to help fund the deal's equity tranche, while debt was provided by GE Capital, […]
SkyPilot Networks Inc., a Santa Clara, Calif.-based provider of carrier-class wireless mesh solutions, has raised $3.4 million in new VC funding. Return backers include August Capital and Mobius Venture Capital. SkyPilot has now raised over $70 million in total VC funding since 2001. PRESS RELEASE SkyPilot Networks, a leading provider of carrier-class broadband wireless […]
Cortera Inc. (f.k.a. eCredit), a Dedham, Mass.-based provider of online solutions for commercial credit and collections professionals, has raised $8 million in new funding. CIBC Capital Partners led the round, and was joined by return backers Fidelity Ventures and Battery Ventures. Fidelity Ventures acquired Cortera in 2006 and, with Battery Ventures, provided $11 million in […]
OAKLAND, California (Reuters) – The chief executive officer of the California Public Employees' Retirement System (Calpers), the biggest U.S. pension fund, said on Monday he would retire, days after its chief investment officer said he would step down. CEO Fred Buenrostro, said in a statement late on Monday he would leave the fund, best known […]
LONDON, (Reuters) – German telecom group freenet AG (FNTG.DE: Quote, Profile, Research) is financing its 1.63 billion euro purchase of rival Debitel from private equity owner Permira [PERM.UL] with a syndicated loan, a banker close to the deal said on Wednesday. The loan is being arranged by six banks – Deutsche Bank, JP Morgan, Lehman, […]
Local Matters Inc., a Denver-based provider of local search solutions like online yellow pages, has reset its IPO terms to 6.67 million common shares being offered at between $5.40 and $6.60 per share. It previously planned to offer 3.33 million shares at between $14 and $16 per share. Canaccord Adams is serving as lead underwriter. […]
Echo Global Logistics Inc., a Chicago-based BPO company focused on transportation and logistics , has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol ECHO, with Lehman Brothers and Citi serving as co-lead underwriters. The company raised a $17.4 million venture round in 2006 led by New Enterprise […]