Signal Peak Ventures was formed by Ron Heinz and Brandon Tidwell, former Canopy Group pros, and acquired substantially all of Canopy’s ventures. StepStone Group led a group of LPs that backed the fund. Heinz said Signal Peak is in the process of relocating to permanent headquarters in Salt Lake City.
3 min read · 24 August 2011
3 min read · 23 August 2011
Duck Creek Technologies, the technology policy administrator for insurers, was acquired by global consulting, outsourcing and management firm Accenture for terms undisclosed. New York City-based FirstMark Capital was the only institutional investor in Duck Creek, having backed the company with its initial investment in 2005.
3 min read · 23 August 2011
BuyWithMe, the New York daily deals and social commerce company, has hired former Patch/AOL veteran Charlie Gray as its Chief People Officer to implement growth strategy, focus on hiring and retention and earmarking areas for expansion.
3 min read · 23 August 2011
MocoSpace, the social gaming and entertainment company, has added another $1 million to fund HTML5 development of mobile games. Specifics of the financing, which will be used to develop apps for Google and Apple stores, were not publicized. This brings the company’s fund to $2 million.
3 min read · 22 August 2011
Sustainable Technology Investments Group, the investment manager founded by Gordon Power and Stephen Lansdown, has made a strategic investment in Sustainable Development Capital. Power will join SDC’s board. Specifics of the investment were not publicized.
3 min read · 22 August 2011
Rob Tarkoff has been named CEO of Lithium Technologies, the e-commerce and marketing company, replacing Lyle Fong. Tarkoff comes from Adobe Systems, where he served as senior VP and GM of digital enterprise solutions; Fong will move to a chief strategist role—he was also a co-founder with the company. VCs backing Lithium include Shasta, Emergence Capital, Benchmark, Tenaya and DAG.
3 min read · 22 August 2011
Masergy Communications, the provider of network services, completed its deal with ABRY Partners regarding the purchase of its existing equity. Specifics of the transaction were not publicized. Blake Battaglia, partner with ABRY, worked on the transaction for the private equity firm.
2 min read · 22 August 2011
Hudong.com, China’s largest encyclopedia website, has reeled in another $15 million from investors including Draper Fisher Jurvetson. Since 2006, Hudong has raised about $30 million from a group of investors.
2 min read · 22 August 2011
5 min read · 22 August 2011
