IBM (NYSE: IBM) has agreed to acquire FilesX, a provider of continuous data protection and recovery software for enterprises and remote/branch offices. No financial terms were disclosed. FilesX had raised around $21 million in VC funding from Benchmark Capital, Genesis Partners and Index Ventures. It has offices in both Newton, Mass. and Haifa, Israel. […]
Kirk Blanchette has joined Woburn, Mass.-based private equity firm Seguin Partners as a partner. He previously was a principal with Sverica International, and before that worked with Seguin co-founders Martin Madden and Christopher Needham at Barison Partners. PRESS RELEASE Seguin Partners (“Seguin”) is pleased to announce that Kirk Blanchette has joined the firm as […]
Battery Ventures has invested $35 million for a minority stake in Angie's List, an Indianapolis-based operator of a website with ratings of local service providers. Angie's List previously had raised venture funding from BV Capital, which remains a shareholder. PRESS RELEASE Angie's List (www.angieslist.com ) the nation's leading source for local service provider ratings […]
Clearview Capital, a lower middle-market private equity firm based in Connecticut, has closed its debut fund with $250 million in capital commitment. Atlantic-Pacific Capital served as placement agent, while limited partners include Credit Suisse, RCP Advisors, Hartford Investment Management, Muller Monroe Asset Management, New York Life, National City Equity Partners, Portfolio Advisors, Equity Partners GmbH […]
SpringCM, a San Mateo, Calif.-based provider of on-demand document management and workflow solutions, has raised $10 million in Series B funding. North Bridge Venture Partners led the round, and was joined by Series A lead Foundation Capital. SpringCRM also has secured a $4 million credit facility from Comerica Bank. PRESS RELEASE SpringCM, the leader […]
The Gores Group has agreed to sell Denver-based videoconferencing company Wire One Holdings Inc. to British Telecom (NYSE: BT). No financial terms were disclosed, except that the gross audited assets of Wire One were $90.5 million as of year-end 2007. PRESS RELEASE BT (LSE: BT.A; NYSE: BT) today announced that it has agreed to acquire […]
UStream.TV, a Los Altos, Calif.-based provider of an interactive video broadcast platform, has raised $11.1 million in Series A funding. DCM Capital led the round, and was joined by seed backer Band of Angels. PRESS RELEASE Ustream.TV (www.ustream.tv), the leading internet broadcasting platform, today announced it has secured $11.1 million in Series A funding […]
Atlantic Street Capital has held a $35 million first close on its debut fund, with a commitment from Morgan Stanley Alternative Investment Partners. The total fund target is $70 million. The Stamford, Conn.-based firm focuses on lower middle-market special situation opportunities. www.atlanticstreetcapital.com
Michael Satzberg has joined Sun Capital Partners as a managing director of its hedge fund affiliate Sun Capital Securities Fund. He previously was with Jefferies & Co. as a senior vice president, with responsibilities for trading and principal debt investments in several industry sectors. PRESS RELEASE Sun Capital Partners, Inc. (“Sun Capital”), a […]
Angelo Gordon & Co. is targeting $1.5 billion for its sixth distressed vehicle, according to LBO Wire. The firm closed its fifth fund in 2006 with $650 million. www.angelogordon.com