IBM has acquired Diligent Technologies, a Framingham, Mass.-based provider of storage “de-duplication” software. No financial terms were disclosed. Diligent had raised nearly $42 million in VC funding since 2002, from firms like Accel Partners, Matrix Partners, Gemini Israel and Eastward Capital. Read more
eSolar, a Pasadena, Calif.-based developer of solar thermal power plants, has raised $130 million. Backers include Idealab, Oak Investment Partners and return backer Google. org. PRESS RELEASE Today, eSolar
SAN FRANCISCO, April 19 (Reuters) – Investments in start-ups fell 5 percent to $7.1 billion during the first three months of 2008 compared to the year-ago quarter, signalling that venture capitalists may be less willing to open their wallets during a U.S. economic downturn. Venture capitalists invested $7.5 billion in last year's first quarter, according […]
PARIS (Reuters) – U.S. investment fund Blackstone (BX) could sell Vitalia, France's second-biggest private clinics chain in which Blackstone is the main shareholder, French newspaper Le Figaro reported on Friday. Vitalia operates 46 clinics and generates revenue of around 650 million euros ($1.04 billion), the report said. (Reporting by Dominique Vidalon)
WASHINGTON (Reuters) – President George W. Bush on Friday plans to nominate Steve Preston to become the head of the Department of Housing and Urban Development, which has been trying to grapple with the imploding housing market. Bush will announce his intention to nominate Preston, who has been the head of the U.S. Small Business […]
Silver Lake Sumeru has sponsored the merger of Audio Visual Innovations and Signal Perfection Ltd., in order to form a single provider of global audio video systems and integration services. No financial terms were disclosed. PRESS RELEASE Audio Visual Innovations, Inc. (“AVI”) and Signal Perfection, Ltd. (“SPL”) announced today that the companies have merged to […]
WellPoint Inc. (NYSE: WLP) has acquired Resolution Health Inc., a Columbia, Md.
TD Capital Private Equity Investors has held a $215 million first close on its fourth fund-of-funds, according to VentureWire. The Toronto-based firm is targeting between $250 million and $350 million. It closed on $348 million for its third fund just last year. www.tdcapital.com
TripIt, a San Francisco-based provider of an online travel organizer and social network, has raised $5.1 million in Series B funding. Participants included Sabre Holdings, O’Reilly AlphaTech Ventures and European Founders Fund. PRESS RELEASE TripIt (www.tripit.com), the intelligent personal travel assistant, has received $5.1 million in Series B financing from three significant investors: Sabre Holdings, […]
GamerDNA Inc. (f.k.a. GuildCafe), a Cambridge, Mass.-based social media site for online gamers, has raised $3 million in Series A funding led by Flybridge Capital Partners. The company also raised an undisclosed amount of seed funding from Flybridge last summer. PRESS RELEASE GamerDNA Inc. announced that it completed a $3 million Series A financing led […]