Hoover's Inc. said the U.S. IPO market rebounded in 2010 from the slump of the previous two years. Hoover’s IPO Scorecard reports 153 initial public offering took place in 2010, more than double from the 63 that took place in 2009. The IPOs of 2010 generated total value of $38.7 billion, which surpassed the total of nearly $14 billion in 2009.
3 min read · 14 January 2011
RockYou of Redwood City, Calif. acquired Playdemic . Financial terms were not disclosed. The purchased U.K.-based social game developer will operate independently to develop Facebook games. Paul Gouge, Playdemic’s CEO and founder, will lead the studio as a vice president and general manager.
3 min read · 14 January 2011
TalentSoft of France raised EUR3 million in a third financing round. Seventure Partners (a subsidiary of Natixis Private Equity) and Alto Invest Co. provided the capital to TalentSoft, which provides SaaS-based Integrated Talent Management software. TalentSoft plans to use the funds to deploy its expertise abroad.
4 min read · 14 January 2011
3 min read · 13 January 2011
Blumberg Capital Ventures of San Francisco increased the total of its Blumberg Capital II LP Fund to $90 million. The additional investment represents a 37 percent increase from the initial amount raised. A majority of new capital came from current limited partners.
2 min read · 13 January 2011
GlobalTranz Inc. closed its first institutional round of financing and secured $10 million. Volition Capital LLC of Boston, Mass., led the investment. GlobalTranz is a Phoeniz, Ariz.-based transportation management and logistics company. Larry Cheng, who is a managing partner at Volition, will join GlobalTranz’s board. Sean Cantwell, a principal of Volition, will serve as an observer.
3 min read · 13 January 2011
NDS Group Ltd. signed an agreement for funds managed by London-based Vitruvian Partners to back a management buyout of NDS’s OpenBet subsidiary. OpenBet is a provider of online gaming and betting technology and software solutions. NDS develops technologies that allow pay-TV operators to deliver digital content. It is owned by Permira and News Corp.
4 min read · 13 January 2011
Pond Ventures Partners of London exited three portfolio companies (Broadway Networks Ltd., 4Home and Gigle Networks) during the fourth quarter of 2010. The exits together returned a “substantial portion” of drawn capital to Pond’s investors. Specific financial details were not disclosed. Pond has eight remaining portfolio companies.
3 min read · 13 January 2011
2 min read · 13 January 2011
Baynote Inc. closed a Series C financing at $13 million. SingTel Innov8, the corporate venture arm of SingTel Group, led the investment. Existing investors including Hummer Winblad, Steamboat Ventures and JK&B Capital, participated in the round. Baynote also hired Doug Merritt as president and CEO. Baynote is a California-based provider of personalization and digital marketing optimization solutions.
4 min read · 13 January 2011
