McAfee has picked up venture-backed NitroSecurity, a maker of security information and event management software. Santa Clara, Calif.-based NitroSecurity raised money from Brookline Venture Partners, First Analysis and NewSpring Ventures. Terms of the acquisition were not released.
4 min read · 04 October 2011
Federated Media Publishing has acquired Lijit Networks Inc., a Boulder-based company backed by Highway 12 Ventures, Foundry Group, Boulder Ventures and High Country Venture. Terms of the deal were not released. Lijit provides advertising services, audience analytics and reader engagement tools for online publishers.
3 min read · 04 October 2011
Interrad Medical Inc., a medical device company, has raised $10 million in Series C financing. The funding was raised through a private placement by RBC Wealth Management Group in collaboration with RBC Capital Markets, the company said. The funding came from unnamed angel investors. Interrad is based in Plymouth, Minn.
3 min read · 04 October 2011
Los Angeles-based private equity firm Gores Group has furthered its investment in Tiburon Inc., completing payment of an undisclosed amount of debt. Gores Group bought Tiburon in 2007. The company makes automated public safety and security products for law enforcement, fire and rescue and corrections agencies.
3 min read · 04 October 2011
The private equity arm of brokerage firm CLSA has put $22 million into Indian education company Resonance Eduventures, Reuters reported. The firm sealed a minority stake in the company. Resonance, founded in 2001, is one of India's largest test preparation coaching institutes, focusing on entrance exams for engineering and medical sciences, Reuters wrote.
2 min read · 04 October 2011
Chemicals company PolyOne Corp. will pay $486 million for ColorMatrix, providing an exit for private equity shop Audax Group, Reuters reported Tuesday. ColorMatrix is a manufacturer of colorants and other additives for plastics. Audax Group put ColorMatrix on the block this summer.
1 min read · 04 October 2011
2 min read · 03 October 2011
Frazier Healthcare and New Enterprise Associates have partnered to buy 30 dialysis clinics from DaVita and DSI Renal, the firm announced Monday. The resulting company, DSI, will focus on providing care for patients with chronic kidney failure or end stage renal disease. Healthcare executives Robert Lefton and Craig Goguen will lead the new company, serving as executive chairman and chief executive. The company’s board will include Frazier general partner Nader Naini; NEA partner Mohamad Makhzoumi; NEA general partner Ryan Drant; and Frazier principal Ben Magnano. No terms of the acquisition were released.
4 min read · 03 October 2011
AAC Capital Partners is expecting final round bids this month in the sale of portfolio company Volution, Reuters reported. Volution, a heating systems manufacturer, is expected to fetch around around 200 million pounds ($311.6 million), Reuters wrote. AAC Capital bought Volution in 2006 from Montagu Private Equity.
1 min read · 03 October 2011
Clear Channel Media Holdings has named Bob Pittman to the position of chief executive officer, Reuters reported. Pittman has served as chairman of the company’s media and entertainment platforms since November 2010. He is also a member of the New York-based investment firm Pilot Group, Reuters wrote. Clear Channel was bought three years ago by Bain Capital and THL Partners, and has struggled with mounting debt. Pittman reportedly invested $5 million of his own money into Clear Channel in 2010.
1 min read · 03 October 2011
