Senior Care Centers of America Inc., a Trevose, Pa.-based provider of daytime healthcare services for adults, has acquired Brookhaven, Pa.-based Generations Adult Day Center. No financial terms were disclosed. Clearview Capital acquired a majority stake in SCCA late last year. www.seniorcarectrs.com
Technorati Inc., a San Francisco
ISIS Equity Partners has sold Martin Audio Ltd. to LOUD Technologies (Nasdaq: LTEC) for Gbp17.25 million. Martin Audio is a UK-based manufacturer of loudspeaker systems for the professional audio markets. It was acquired by ISIS in 2003, via a buyout from former parent company TC Group AS. www.martin-audio.com
Akamai Technologies Inc. (Nasdaq: AKAM) has acquired Red Swoosh Inc., a San Mateo, Calif.-based distributed networking infrastructure company. The deal is valued at approximately $15 million in Akamai stock, net of cash acquired. Red Swoosh was originally seeded by Mark Cuban, and later raised around $1.73 million in Series A funding from August Capital and […]
River Cities Capital Funds, a Cincinnati-based VC firm, has held an $80 million first close for its fourth fund, according to The News & Observer. It is targeting $150 million. The firm's prior fund was capped at $137 million in 2001. www.rccf.com
Fishbowl Marketing, an Alexandria, Va.-based provider of permission-based email marketing solutions for the restaurant industry, has raised $7 million from Edison Venture Fund. www.fishbowl.com
James Crumpton has joined Hercules Technology Growth Capital as chief credit officer. He previously was a senior vice president and credit administration officer at Comerica Bank. www.htgc.com
Sun Microsystems Inc. (Nasdaq: SUNW) has agreed to acquire the IP assets of SavaJe Technologies Inc., a Chelmsford, Mass.-based provider of mobile telephony software. No financial terms were disclosed. SavaJe has raised over $120 million in total VC funding since 1999, including a $13 million Series AA recap round last summer. Participants on the recap […]
Comverge Inc., an East Hanover, N.J.-based provider of hardware and software to utilities, priced 5.3 million common shares at $18 per share, for an IPO take of approximately $95.4 million. It originally filed to price around 4.89 million common shares at between $15 and $17 per share. Cavium will trade on the Nasdaq under ticker […]
Cavium Networks, a Santa Clara, Calif.-based provider of security, network services and content processing semiconductor solutions, has set its proposed IPO terms to 6.25 million common shares being offered at between $10 and $12 per share. It plans to trade on the Nasdaq under ticker symbol CAVM, with Morgan Stanley and Lehman Brothers serving as […]