Cleantech Solutions International, a Wuxi, China-based maker of metal components and assemblies, has appointed Adam Wasserman as CFO. Previously, Wasserman was the company's VP of financial reporting. Wasserman replaces Wanfen Xu, the company's previous CFO.
3 min read · 18 December 2012
Intellihot Green Technologies, a Galesburg, Il.-based company that makes tankless water heater systems for residential and commercial markets, ha appointed Glen Barton to its board of directors. Barton is a retired chairman and CEO of the construction and mining company Caterpillar.
3 min read · 18 December 2012
Verdezyne, an industrial biotechnology company based in Carlsbad, Calif., has sold its proprietary xylose isomerase technology to DuPont Industrial Biosciences for an undisclosed amount. Current investors in Verdezyne include BP Alternative Energy Ventures, DSM Venturing B.V., OVP Venture Partners and Monitor Ventures.
2 min read · 18 December 2012
Camarillo, Calif.-based Sauer Energy, a maker of wind turbines, has entered into an agreement with Eclipse Advisors, a New York-based investor, for a $15 million line of equity to expand its manufacturing capacities.
4 min read · 18 December 2012
Total Fleet Solutions, a Holland, Oh.-based fleet management services company, has merged with San Antonio, Tex.-based The Miner Corporation, which sells facilities services (from loading docks to storefront glass to commercial doors) to a wide range of industries. Terms of the deal were not disclosed, but Total Fleet Solutions is backed by the private equity firm CI Capital Partners.
3 min read · 18 December 2012
Nara Logics, a Cambridge, Mass.-based Web search company, has raised $3 million led by Boston-based investment advisor Account Management. The funding brings the total raised by Nara Logics in 2012 to $7 million.
4 min read · 18 December 2012
For years, David Aronoff has been trying to move from Boston back to his native New York. Three months ago, the venture capitalist, who has long focused on enterprise and infrastructure companies – first for Greylock Partners and, since 2005, for Flybridge Capital Partners – managed to do just that. He insists that it couldn’t be a better time to make the leap, too.
4 min read · 17 December 2012
Christopher Alden, co-founder of the original Red Herring magazine, cofounder of the RSS reading service Rojo Networks, and later CEO and chairman of the blogging software concern Six Apart, has joined San Francisco-based Tugboat Ventures.
6 min read · 14 December 2012
Most of today’s founders will fail. And when they do, they probably won't leave with riches or celebrity. At least they'll have a fairly solid resume.
3 min read · 14 December 2012
Helinet Aviation Services, a Van Nuys, Calif.-based provider of aviation services to a variety of industries, has acquired Shotover Camera Systems, developer of a gyro-stabilized camera system for shooting aerial footage in the next-gen digital video standard Ultra High-Definition. Terms of the deal were not disclosed.
4 min read · 14 December 2012
