Nurien Software, a Seoul, South Korea-based provider of social networking and online gaming services, has raised $15 million in Series A funding. Backers include Northern Light Venture Capital, Globespan Capital Partners, New Enterprise Associates and QiMing Venture Partners. PRESS RELEASE Nurien Software, a leading developer and operator of social networking and online gaming services, today […]
UniTek USA LLC, a portfolio company of HM Capital Partners, has agreed to acquire the cable services operating unit of 180 Connect Inc., which is being acquired by DirecTV in a separate transaction. Unitek also will acquire certain DirecTV installation services markets in exchange for cash and UniTek's satellite installation services in New York City, […]
Kathie Painter has joined Alinda Capital Partners as a London-based partner. She previously was a managing director with Citigroup's infrastructure investment banking group. The news of her move was first reported by The Infrastructure Journal. www.alinda.com
Kevin Kuby has joined Alvarez & Marsal as a senior director in the firm's Chicago office. He previously was with the restructuring practices of FTI Consulting and PwC. PRESS RELEASE Alvarez & Marsal, the leading independent global professional services firm specializing in turnarounds in the private and public sectors, announced that seasoned financial advisor Kevin […]
Sonus Networks (Nasdaq: SONS) has acquired Atreus Systems Corp., an Ottawa-based provider of IP voice and IP service provisioning software. No financial terms were disclosed. Atreus had raised around US$40 million in VC funding since 1999, from firms like Blueprint Ventures, Skypoint Capital Corp., Mobius Venture Capital, TELUS Ventures, Meritage Private Equity Funds and Business […]
iTradeNetwork Inc., a Pleasanton, Calif.
BuzzLogic, a San Francisco-based provider of software that helps marketers monitor blogosphere conversation, has acquired Activeweave, creator of the brower companion application BlogRovR. No financial terms were disclosed. BuzzLogic last year raised $9.6 million in Series A funding from Adams Capital Management, Ackerley Partners and Transcosmos Investments & Business Development. www.buzzlogic.com
TeachStreet, a Seattle-based online community for helping match students with local teachers, has raised $2.25 million in Series A funding. Madrona Venture Group led the round, and was joined by Bezos Expeditions and several local angels. PRESS RELEASE TeachStreet, a new company dedicated to helping students find great local teachers, today announced that it has […]
VirtualLogix Inc., a Sunnyvale, Calif.-based provider of real-time virtualization software, has received an undisclosed amount of equity funding from Motorola Ventures. The company recently closed a similar deal with Texas Instruments, and before that raised $16 million in Series B funding from Esprit Capital Partners, Intel Capital, Atlas Venture and Index Ventures. PRESS RELEASE Motorola, […]
Infinia Corp., a Kennewick, Wash.-based developer of solar thermal engine technology, has raised $7 million in additional Series B funding. The company had previously held a $50 million first close. Foxconn Technology Group and an undisclosed backer led the expansion, while earlier round participants included GLG Partners, Wexford Capital, Vulcan Capital, Khosla Ventures, EQUUS Total […]