SS&C Technologies Inc., a Windsor, Conn.-based financial management software provider owned by The Carlyle Group, has acquired the assets of Northpoint LLC, a Clark, N.J.-based provider of accounting and administrative solutions for the private equity industry. www.ssctech.com www.northportpm.com
Union Capital Corp. has promoted of Jay Landauer to vice president and hired hiring of Reis Alfond as an analyst. Landauer joined the New York-based firm as an associate in 2004, and has focused on the marketing services, food product and consumer product markets. Alfond previously was with Strategic Decisions Group in Boston. www.unioncapitalcorp.com
Coupa Software, a Foster City, Calif.-based provider of e-procurement solutions, has raised an undisclosed amount of Series A funding led by BlueRun Ventures. www.coupa.com
eTelecare Global Solutions Inc., a Philippines-based business process outsourcing company, has filed for an IPO of 5.5 million American depository shares at between $12.50 and $14.50 per share. It plans to trade on the Nasdaq under ticker symbol ETL, with Morgan Stanley serving as lead underwriter. Shareholders include Electra Partners Mauritius, AIG Asian Opportunity Fund […]
Flagstone Reinsurance Holdings Ltd., a Bermuda-based reinsurer, has set its proposed IPO terms to 13 million common shares being offered at between $12.50 and $14.50 per share. It plans to trade on the NYSE under ticker symbol FSR, with Lehman Brothers and Citigroup serving as co-lead underwriters. The company completed a $715 million initial capitalization […]
EDS has agreed to acquire RelQ Software Private Ltd., Bangalore, India-based software testing company. No financial terms were disclosed. RelQ has raised VC funding from firms like ICICI Venture and Karnataka Asset Management. www.relq.com
Oorja Protonics Inc., a Fremont, Calif.-based developer of alcohol-based fuel cell systems, has raised $15 million in Series B funding, according to a regulatory filing. DAG Ventures and Artis Capital joined by return backers Sequoia Capital and McKenna Capital. www.oorjaprotonics.com
Progress Financial Corp. has secured $4.4 million of a $5 million Series B round led by Greylock Partners, according to a regulatory filing. The San Jose, Calif.-based financial services company focuses on providing unsecured consumer loans to the unbanked and underbanked Hispanic community.
FreedomPay Inc., a Wayne, Pa.-based provider cashless payment and loyalty solutions, has raised $6 million in Series D funding. Core Capital Partners led the deal, and was joined by return backers like BlueRun Ventures. www.FreedomPay.com
Avantce Software, a private equity firm focused on the IT market, has acquired Radcliffe Inc., a provider of warehouse management solutions. No financial terms were disclosed for the deal, which results in Radcliffe being combined with existing Avantec portfolio company Robocom Systems International. www.avantce.com