Private Equity
CA Technologies signed an agreement to acquire privately-held Arcot Systems Inc. for $200 million in cash. The transaction will enhanced CA Technologies’ identity and access management offerings. Arcot is a provider of authentication and fraud prevention solutions. Its backers include Accel Partners, Granite Ventures, ONSET Ventures, SEB Venture Capital, and Vedanta Capital.
4 min read · 30 August 2010
Lineagen Inc., Salt Lake City, Utah-based developer of genomic tests and services, secured another $5 million in venture funding. This completes its Series A round at $10.8 million. PrairieGold Venture Partners joined Lineagen’s other institutional investors.
3 min read · 30 August 2010
3 min read · 30 August 2010
3 min read · 30 August 2010
EndoGastric Solutions Inc. secured another $30 million in a Series F financing resigned to support the Redwood City, Calif.-based medical device maker through profitability. The latest round of investment was co-led by Canaan Partners and Radius Ventures. Other participants are Advanced Technology Ventures, MPM Capital, Foundation Medical Partners, Chicago Growth Partners, and De Novo Ventures. EndoGastric Solutions previously raised around $103.5 million.
3 min read · 30 August 2010
Reuters) - Microsoft Corp co-founder Paul Allen's Interval Licensing filed a lawsuit accusing 11 major corporations, including Apple, Google and Facebook, of infringing on technology patents. The billionaire's company is asserting four patents against a cluster of defendants, including also AOL, eBay, Facebook, Netflix, Office Depot, OfficeMax, Staples, Yahoo and Google's YouTube, according to the suit. Google, Facebook and eBay said they will fight the accusations.
2 min read · 27 August 2010
3 min read · 27 August 2010
Etsy, the online retailer of handmade arts and crafts, raised another $20 million in a series E venture funding round led by Index Ventures. TechCrunch said partner Danny Rimer will receive an observer’s seat on Etsy’s board and that the latest funding round gives Etsy a pre-money valuation of just under $300 million.
1 min read · 27 August 2010
Desktone Inc. named Peter McKay president and CEO. He took over the role of CEO from Harry Duda, who now serves as chairman. Before joining the Chelsmford, Mass.-based company that provides a platform that enables hosted virtual desktops as a service, McKay was an executive at North Bridge Venture Partners and Insight Ventures.
3 min read · 26 August 2010
Cisco has acquired ExtendMedia, a Newton, Mass.-based provider of video content management systems. No financial terms were disclosed. ExtendMedia had raised around $33 million in VC funding, from firms like Atlas Venture, TVM Capital and Venrock.
2 min read · 26 August 2010
