Institutional Venture Partners promoted Melanie Chladek to the position of Administrative Partner and Chief Financial Officer. She will be responsible for managing the firm's financial, operational and administrative activities at the later-stage venture capital and growth equity firms. The Menlo Park ,Calif.-based company said Chladek was instrumental in the closing its $750 million Institutional Venture Partners XIII in August.
2 min read · 21 September 2010
Hasso Plattner Ventures invested $6 million in software company Panaya. Hasso Plattner, along with existing investors Benchmark Capital and Battery Ventures, plans to acquire Tamares Group’s stake in the company that develops software as a service for automating SAP upgrades.
3 min read · 21 September 2010
3 min read · 20 September 2010
2 min read · 20 September 2010
5 min read · 20 September 2010
SVTC Technologies LLC, a San Jose, Calif.-based commercialization service provider, named Ajit Manocha to its board. Mr. Manocha was Spansion Inc.’s executive vice president of worldwide operations and a member of the executive management board. SVTC's investors include Oak Hill Capital Partners and Tallwood Venture Capital.
2 min read · 20 September 2010
BA-Insight Inc., an enterprise search software company specializing in Microsoft-based information access technology, secured $6 million in private equity funding. The financing was led by Milestone Venture Partners. Paladin Capital Group and Osage Venture Partners also invested in the round. The New York State Common Retirement Fund participated in the financing through funds managed by Milestone Venture Partners and Paladin Capital Group.
2 min read · 20 September 2010
Cirtas Systems closed a Series A funding round totaling $10 million. NEA, Lightspeed Venture Partners and Amazon participated in the round. San Jose, Calif.-based Cirtas Systems also unveiled its Bluejet Cloud Storage Controller solution for medium to large enterprises and announced the product's general availability. Cirtas Systems plans to use the capital for infrastructure investments that support the accelerated development and adoption of its Bluejet technology.
4 min read · 20 September 2010
RAE Systems Inc., a developer of sensor solutions for the industrial, energy, environmental and government safety markets, signed a definitive agreement to be acquired for $1.60 per share by an affiliate of Battery Ventures. The purchase price represents a premium of approximately 53.8% over RAE Systems' closing share price on Sept. 17, 2010. This transaction requires RAE Systems' shareholder approval.
6 min read · 20 September 2010
Motorola Inc. bought Aloqa GmbH, a Pal Alto, Calif.-based company that develops location-based software and technologies for smartphone users. Financial terms were not disclosed. The transaction marks Wellington Partners’ exit from Aloqa.
3 min read · 17 September 2010
