Get The Wire in your inbox each morning! Just send us an email. Digital Insights Corp. (Nasdaq: DGIN) has agreed to acquire Magnet Communications Inc., an Atlanta-based provider of online cash management and business banking solutions. The purchase consideration includes $33.5 million in cash, plus 1.45 million shares of Digital Insight common stock, which closed […]
Get The Wire in your inbox each morning! Just send us an email. Apollo Management has agreed to acquire Pittsburgh-based supplement chain GNC for $750 million. The seller is Dutch food company Royal Numico NV, which says that the divestiture will help it better focus on its core businesses. The deal is expected to close […]
Get The Wire in your inbox each morning! Just send us an email. Neartek Inc., a Westborough, Mass.-based provider of tape storage software solutions for mixed computing environments, has raised $8 million in new venture capital funding. The deal is an extension of an earlier Series C round, which closed in early 2002 with $27 […]
Get The Wire in your inbox each morning! Just send us an email. OsteoBiologics Inc., a San Antonio-based maker of medical devices for the repair and replacement of bone and articular cartilage, has raised $9.2 million in new venture funding. Thomas, McNerney & Partners and The Vertical Group co-led the deal, and was joined by […]
Get The Wire in your inbox each morning! Just send us an email. Confluent Photonics Corp., a Salem, N.H.-based provider of optical transport solutions, has raised $3 million in Series B funding. Return backers included InnoCal Venture Capital, Rustic Canyon Ventures and INVESCO Private Capital. Confluent now has raised $14 million in venture capital, including […]
Get The Wire in your inbox each morning! Just send us an email. AttachSTOR Inc., a Phoenix, Ariz.-based provider of email attachment management software, has raised $7.5 million in Series B funding. The deal involves the conversion of a $1.2 million bridge loan closed earlier this year. The new funding was co-led by Canaan Partners […]
Get The Wire in your inbox each morning! Just send us an email. Doughty Hanson & Co. has agreed to sell portfolio company FL Selenia SPA to Vestar Capital Partners for
Get The Wire in your inbox each morning! Just send us an email. Beverly Berman has joined Advent International as a partner responsible for investor relations and fund marketing activities in North America. She has 19 years of professional experience, including positions as a private equity fund investment professional for Credit Suisse First Boston and […]
Get The Wire in your inbox each morning! Just send us an email. BioStratum Inc., a Research Triangle Park-based biopharmaceutical company focused on the treatment of diabetes, has raised $9.5 million in new venture funding, and expects to raise additional capital by the end of September. Investors on the closed deal include HealthCap, BankInvest, Liftaeknisjodurinn […]
Get The Wire in your inbox each morning! Just send us an email. James Hearty has been fired as executive director of the Massachusetts Pension Reserve Investment Management Board (MassPRIM). The surprise move was made yesterday by Mass. Treasurer Tim Cahill, who told a Boston Globe reporter that he was frustrated by Hearty’s continuing reluctance to release […]