Procera Networks has entered into a definitive agreement to acquire Vineyard Networks. The acquisition will enable Procera to extend its Intelligent Policy Enforcement business into the growing Enterprise DPI market.
5 min read · 08 January 2013
The Maryland Technology Development Corporation has announced the realignment of two of its core funding and investment programs, the addition of a Patent Assistance Program and that it will be managing four new highly-focused investment funds, or TEDCO affinity funds. The organization’s restructuring of existing investment programs and addition of affinity funds will position the public corporation to generate long-term income to further leverage the State’s investment in innovation.
4 min read · 08 January 2013
National security company Vistronix has completed the acquisition of Technology Associates International Corporation. Enlightenment Capital, an aerospace, defense & government-focused investment firm based in the Washington, DC area, provided financing for the transaction and will be a strategic partner going forward. SunTrust Bank's technology & government division also provided financing for the acquisition. Financial terms of the transaction were not disclosed.
3 min read · 08 January 2013
Frontier Capital has exited its investment in Lanyon, a provider of SaaS-based software solutions for the hospitality industry. Headquartered in Dallas, TX, Lanyon provides software-as-a-service content and spend management solutions for corporations, hotels and travel intermediaries in the global hospitality industry. The company was acquired by Vista Equity Partners.
2 min read · 08 January 2013
Wildlife International has been sold to Evans Analytical Group, a portfolio company of Odyssey Investment Partners. Wildlife was a portfolio company of The Riverside Company. Lincoln International acted as the exclusive financial advisor to Wildlife and Riverside.
2 min read · 08 January 2013
PFC Management and fifteen Connecticut-based Planet Fitness Franchises have been acquired by Exaltare Capital Partners. Sperry, Mitchell & Company initiated the transaction, assisted in the negotiations, and served as exclusive financial advisor to PFC.
2 min read · 08 January 2013
Private real estate investment fund manager AIC Ventures has purchased the 73,000 square foot industrial facility of Cocoa, Florida‐based Sun & Skin Care Research, a portfolio company of Source Capital. Sun & Skin Care Research is a manufacturer of sun‐care products.
3 min read · 08 January 2013
Compass Investment Partners Fund has acquired CoAdvantage Corporation. CoAdvantage is a professional employer organization and is based in Orlando, FL with additional offices across Florida and Texas.
3 min read · 08 January 2013
Global transaction banking solutions provider Fundtech has appointed Edward Ho as president and chief operating officer. Founded in 1993, Fundtech was acquired in 2011 by Chicago-based private equity firm GTCR.
3 min read · 08 January 2013
Post Oak Energy Capital has invested in Refinery Specialties through a purchase of a majority stake in the company. Formed in 1989, RSI has evolved from a chemical company serving the refinery industry into an oilfield services company providing well site services. The Hempstead, Texas headquartered company operates in the Eagle Ford Shale, Austin Chalk, East Texas, Barnett Shale, North Texas, Arkansas and Southern Louisiana.
3 min read · 08 January 2013
