GSC Group has promoted David Goret to senior managing director. He previously was a managing director, and serves as the firm's general counsel and chief compliance officer. www.gsc.com
SideStep Inc., a Santa Clara, Calif.-based online travel search company, has raised $15 million in Series C funding. Norwest Venture Partners led the deal, and was joined by return backers Trident Capital, Leader Ventures and Saints Capital. www.sidestep.com
Zolo Technologies Inc., a Boulder, Colo.-based developer of optical gratings, has raised $12.5 million in Series D funding. Siemens Venture Capital and El Dorado Investment Co. (venture arm of PinnacleWest Capital Corp.) co-led the deal, and were joined by return backers like Canaan Partners, Crescendo Ventures, and Morgenthaler Ventures. The company now has raised around […]
Move Networks Inc., an American Fork, Utah-based provider of video-over-IP solutions, announced that it has closed its Series B round with $11.3 million. Hummer Winblad Venture Partners led the deal, and was joined by Steamboat Ventures. peHUB first reported the news back in December, based on a regulatory filing. www.movenetworks.com
ActoGeniX NV, a Belgium-based developer of an oral drug delivery platform, has raised
Bright Source Energy Inc. of Oakland, Calif. has closed its Series A funding round, according to VentureWire, which says the round was worth “under $50 million.” Backers include VantagePoint Venture Partners, Draper Fisher Jurvetson and Bay Area Equity Fund. The company develops utility-scale solar power plants using high-temperature solar thermal technology that concentrates sunlight and […]
Caritor Inc., a San Ramon, Calif.-based provider of IT services, has agreed to acquire business process and IT services firm Keane Inc. (NYSE: KEA) for $14.30 per share in cash (19% premium to yesterday's closing price). The total deal is valued at approximately $854 million, with Caritor receiving equity financing from existing shareholder Citigroup Venture […]
Hitachi Data Systems has agreed to acquire Archivas Inc., a Waltham, Mass.-based provider of digital archiving solutions. No financial terms were disclosed. Archivas had raised $28 million over three VC rounds since 2003, from Polaris Venture Partners, North Bridge Venture Partners and Solstice Capital. www.hds.com www.archivas.com
Alto Partners of Milan, Italy has closed its second mid-market Italian buyout fund with
Creandum, a Sweden-based VC firm focused on early-stage Nordic companies, has closed its second fund with approximately $107 million in capital commitments. Limited partners include the Sixth Swedish National Pension Fund and Skandia Liv. www.creandum.com