The Institute for Corporate Productivity (i4cp), a St. Petersburg, Fla.-based research organization focused on improving workforce productivity and bottom-line results within corporations, has raised $6 million in Series A funding. IDG Ventures Boston and Trinity Ventures co-led the deal, with Jeff Bussgang of IDG and Patricia Nakache of Trinity joining the i4cp board of directors. […]
Convio Inc., an Austin, Texas-based provider of online constituent relationship management solutions for nonprofit organizations, has raised $10.1 million in new VC funding. The deal comes just after Convio acquired competitor GetActive Software Inc., and includes former GetActive shareholder El Dorado Ventures. Returning Convio backers include Austin Ventures, Adams Street Partners, Granite Ventures, Silverton Partners […]
Mitrionics AB, a Lund, Sweden-based developer of a software performance acceleration platform, has raised $6 million in second-round funding. Grande Ventures led the deal, and was joined by return backers Creandum and Teknoinvest. www.mitrion.com
Citi Alternative Investments has formed Citi Infrastructure Investors, which will manage equity investments in infrastructure assets and will oversee a management company focused on the operation of these investments. The CII team will be co-led by Juan Bejar, former CEO of Ferrovial Infrastructure in Spain, and Felicity Gates, former head of Deutsche Bank's RREEF's North […]
ID Analytics Inc., a San Diego
Revive Systems Inc., a McLean, Va.-based provider of network security and reliability software, , is planning to raise between $8 million and $10 million in Series B funding later this year. The company previously raised just around $2.5 million in Series A funding from Novak Biddle Venture Partners and Chart Venture Partners. www.revivesystems.com
Canaan Partners has promoted Wende Hutton from venture partner to general partner. Hutton joined Canaan in March 2004, and currently sits on the boards of such life sciences companies as Alsius Corp., Apieron Inc., BiPar Sciences Inc., Northstar Neuroscience Inc. (Nasdaq: NSTR), Oculir Inc., ReVision Optics Inc., and Spaltudaq Corp. www.canaan.com
Apax Partners has sold Crane Telecommunications Group Ltd. to Westcon, a subsidiary of Datatec Ltd. No financial terms were disclosed. Crane is a UK-based distributor of voice, data and converged communications solutions. It was advised on the sale by Corum Group. www.cranetel.co.uk
Olympus Partners has agreed to sell Bermuda-based specialty insurance company Talbot Holdings Ltd. to Validus Holdings Ltd., a fellow insurance company backed by Aquiline Capital Partners, Goldman Sachs, New Mountain Capital and Vestar Capital Partners. No financial terms of the sale were disclosed. Talbot will serve as Validus' principal operation in the direct insurance market […]
Mohammad Al Tuwaijri has joined JPMorgan as a managing director and senior country officer for Saudi Arabia. He has spent the past 12 years with SABB-HSBC, an affiliate of HSBC Group in Saudi Arabia, where he was group treasurer. www.jpmorgan.com