Relay Technology Management, a Cambridge, Mass.-based business intelligence software company, has named Marc Krellenstein as CTO. Krellenstein was previous the founder of Lucid Imagination and the former CTO and VP of search and discovery at Elsevier.
2 min read · 11 October 2012
The middle market financing firm Golub Capital has provided a $25 million second lien term loan to support the acquisition of SourceMedical Solutions by the private equity firm ABRY Partners. SourceMedical provides outpatient information and revenue cycle management services for ambulatory surgery centers, specialty hospitals, and rehabilitation clinics nationwide.
3 min read · 11 October 2012
Northwestern Management Services (NMS), which provides management and administrative services and facilities for the Gentle Dental Group, has been sold to Linden Capital Partners, a healthcare focused middle market private equity firm. NMS was majority owned by the Beekman Group and its founder David Willens. Gentle Dental Group, another portfolio company of the Beekman Group, has also been sold to Dental services business Gentle Dental has been sold to Linden Capital Partners. Terms of both deals were not disclosed.
3 min read · 11 October 2012
Sverica, a San Francisco-based middle market private equity firm, has completed a recapitalization and growth investment in Inpatient Medical Services, an Akron, Oh.-based medical services company. Terms of the deal were not disclosed.
2 min read · 11 October 2012
Researchers in the financial engineering lab at M.I.T. think they've struck on a solution that would allow investors to lower their risk, access new capital sources, and create more diverse portfolios while also giving a major shot in the arm to early-stage drug development.
3 min read · 11 October 2012
Jack Welch resigns from his writing gigs for Reuters and Fortune, Fortune responds to Welch: Don't let the door hit you on the way out, getting to know Twitter CFO Ali Rowghani, and so much more!
1 min read · 09 October 2012
Government services providers XL Inc. and ALON, Inc., which merged in April of this year, have announced that the combined company's new name is now XLA. The company is based in McLean, Va.
2 min read · 09 October 2012
Wolverine Worldwide, a publicly traded marketing and licensing company, and the private equity firms Golden Gate Capital and Blum Capital Partners, have completed their acquisition of the brand development and licensing company Collective Brands for $21.75 per share in cash, or a total of approximately $2.0 billion, including the assumption of debt.
4 min read · 09 October 2012
Aerohive Networks, based in Sunnyvale, Calif., has hired two people on to its management team. Dean Hickman-Smith, formerly senior vice president of worldwide sales at Proofpoint, becomes Aerohive's senior VP of worldwide sales Raphael Gernez, who was formerly a VP of global sourcing and purchasing at SunPower, meanwhile joins as VP of operations. Aerohive is a cloud-based networking company that has raised $75 million over its six years in business, including from Kleiner Perkins Caufield & Byers, Northern Light Venture Capital, and New Enterprise Associates.
3 min read · 09 October 2012
Freespee, an advertising technology and services company that is based in Uppsala and specializes in location-based click-to-call advertising, has raised EUR3.3 million, led by Copenhagen-based Sunstone Capital. The company, founded in 2008, had previously raised $2.7 million, including from the Helsinki-based investment firm Inventure Oy.
2 min read · 09 October 2012
