Business Objects Inc. (Nasdaq: BOBJ) has acquired Nsite Software Inc., a Sunnyvale, Calif.-based provider of on-demand application for the enterprise, according to VentureBeat. No financial terms were disclosed. Nsite has raised around $14 million in total VC funding since its 1998 inception, from firms like Worldview Technology Partners, Outlook Ventures and Copan Inc. www.businessobjects.com www.nsite.com
Synta Pharmaceuticals Corp., a Lexington, Mass.
Liu Chuanzhi and Edward Tian have joined Kohlberg Kravis Roberts & Co. as senior advisors to the firm in China. Chuanzhi is the president of Legend Holdings, and is the former chairman and president of Lenovo Group. Tian is the founder and chairman of China Broadband Capital Partners, the first government-sponsored TMT sector-focused private equity […]
Hawkeye Holdings Inc., an Iowa Falls, Iowa-based ethanol producer, has withdrawn registration for a proposed $350 million IPO. It previously had postponed the offering, with CEO Bruce Rastetter saying: “We have decided to temporarily delay our IPO in light of current conditions in the equity markets, and the recent pullback in the energy segment in […]
Orexigen Therapeutics Inc., a San Diego-based neuroscience company focused on the treatment of obesity, has raised $30 million in Series C funding. MPM BioEquities and Wasatch Advisors co-led the deal, and were joined by undisclosed return backers. The company previously had raised over $46 million, including a $35 million Series B deal in April 2005 […]
Galil Medical Ltd., an Israel-based maker of cryotherapy systems for use in kidney and prostate cancer treatments, has raised $40 million in VC funding co-led by Thomas, McNerney & Partners and The Vertical Group. In addition, approximately $4 million of existing shareholder loans will be converted into Galil shares, while the new investors will purchase approximately […]
Sterling Commerce, a subsidiary of AT&T (NYSE:T), has agreed to acquire Comergent Technologies Inc., a Redwood City, Calif.-based developer of sell-side ecommerce software. The deal is valued at approximately $155 million in cash. Sterling Commerce plans to incorporate Comergent products to provide customers with a unified end-to-end order fulfillment solution across the extended supply chain. […]
SunGard has acquired Integrated Business Systems Inc., a Melville, N.Y.-based provider of software solutions and related services to hedge funds. No financial terms were disclosed. SunGard was acquired last year in a public-to-private buyout by Silver Lake Partners, AlpInvest, Bain Capital, Blackstone Group, Goldman Sachs, HarbourVest Partners, KKR, Providence Equity Partners and Texas Pacific Group. […]
Bill Stensrud, a general partner with San Diego-based Enterprise Partners, announced that he plans to leave the firm at year-end. He will remain as acting CEO of Enterprise portfolio company Muze. www.epvc.com
James Li has joined Kleiner Perkins Caufield & Byers as a partner. He has spent the past 15 years with Merck Co., including a recent stint as regional marketing director for hypertension in Asia. www.kpcb.com