Verari Systems, a San Diego-based provider of data center consolidation platforms, said that most of its assets have been purchased by company founder David Driggers. No financial terms were disclosed. Verari laid off most of its employees last month, as part of what the company called a "controlled reorganization." It had raised over $80 million in VC funding, from firms like Celerity Partners, Carlyle Venture Partners, Sierra Ventures and Voyager Capital.
2 min read · 19 January 2010
Ember Corp., a Boston-based provider of wireless “smart meter” technologies, has raised $5 million in venture debt funding from Wellington Financial. It previously raised around $89 million in VC funding from Chevron Technology Ventures, Stata Venture Partners, Polaris Venture Partners, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet Ventures, New Atlantic Ventures and WestLB Mellon Asset Management.
3 min read · 19 January 2010
Lumigent Technologies Inc., an Acton, Mass.-based provider of data auditing for compliance and security, has raised $3 million in new VC funding from North Bridge Venture Partners. It had raised a $6 million recap round last year from North Bridge.
2 min read · 19 January 2010
Thermo Fisher Scientific Inc. (NYSE: TMO) has agreed to acquire Ahura Scientific Inc., a Wilmington, Mass.-based developer of optical systems for the detection of unknown and suspect substances. The deal is valued at $145 million in cash, plus an undisclosed amount of earnouts based on 2010 financial milestones. Ahura Scientific has raised nearly $30 million, from firms like ARCH Venture Partners, Castile Ventures, Fuse Capital (fka ComVentures) and GF Private Equity.
4 min read · 19 January 2010
1 min read · 19 January 2010
1 min read · 19 January 2010
Sway Inc., a Madison, Wis.-based developer of a social media content distribution and communications platform, has raised $2 million in Series A funding co-led by Orgin Ventures and Leo Capital Holdings. The company previously raised a $1.2 million seed round in 2007.
3 min read · 19 January 2010
1 min read · 19 January 2010
Energy Inc., a Charleston, S.C.-based maker of real-time electricity management devices for residential and commercial use, has received an undisclosed amount of VC funding from 3M.
2 min read · 19 January 2010
STI, a Canadian provider of marketing and reimbursement intelligence solutions to the healthcare industry, has raised C$2 million in new VC funding from GrowthWorks. The company also named Steve Nicolle, former CEO of Tatara Systems and Sigma Systems, as its new CEO.
3 min read · 19 January 2010
