EnzySurge Ltd., an Israeli maker of chronic wound management solutions, has raised $2.5 million in new private equity funding. This caps the round at $4.1 million, at a post-money valuation of $21 million. The deal was led by company chairman Eli Gilboa.
2 min read · 11 January 2010
Advanced Cardiac Therapeutics Inc., a Laguna Beach, Calif.-based developer of irrigated cardiac ablation systems, has raised $5 million in Series B funding led by NBGI Ventures. The round is expected to support commercialization in Europe.
3 min read · 11 January 2010
Michael Grey has been named a venture partners with Pappas Ventures. Grey has served as a member of the firm's scientific advisory board for the past six years, and has served as CEO of Auspex Pharmaceuticals, SGX Pharmaceuticals (acquired by Eli Lilly) and Trega Biosciences (acquired by Lion Bioscience).
2 min read · 11 January 2010
TVA Medical Inc., an Austin, Texas-based developer of minimally-invasive therapies for end-stage renal disease, has raised $2.6 million in Series A funding from Santé Ventures.
3 min read · 11 January 2010
Progress Software Corp. (Nasdaq: PRGS) has acquired Savvion, a Santa Clara, Calif.-based provider of business process management software. The deal was valued at approximately $49 million, net of cash acquired. Savvion had raised nearly $52 million in VC funding since 2000, from firms like H.I.G. Capital, Redwood Ventures, TransCosmos, Westaim Partners, Walden International and VantagePoint Venture Partners.
5 min read · 11 January 2010
Achates Power Inc., a San Diego-based developer of fuel-efficient engine technology, has raised $19.2 million in Series B funding. Triangle Peak Partners was joined by return backers Sequoia Capital, Madrone Capital Partners, Rockport Capital Partners and InterWest Partners. peHUB previously reported on this round in October, based on a regulatory filing.
2 min read · 11 January 2010
ImpactRx Inc., a Mr. Laurel, N.J.-based developer of a subscription database for pharmaceutical companies, has held a first close on a $1.2 million Series E round from existing shareholders. The company previously raised around $36 million in VC funding from Mediphase Venture Partners, 3i Group, Oxford Bioscience Partners and Merck Capital Ventures.
2 min read · 11 January 2010
Technology Crossover Ventures has made a "significant growth equity investment" in Origin Healthcare Solutions, a Windsor, Conn.-based provider of healthcare revenue cycle management services. No financial terms were disclosed. Origin Healthcare previously raised capital from Beecken, Petty & O’Keefe & Company, which will remain an investor.
3 min read · 08 January 2010
TIBCO Software Inc. (Nasdaq: TIBX) has acquired Foresight Corp., a Dublin, Ohio-based provider of transaction automation solutions and EDI productivity tools. No financial terms were disclosed. Foresight had raised around $6 million in VC funding from Autora Funds, Core Capital Partners, Fountainhead Capital and River Cities Capital Funds.
2 min read · 08 January 2010
SeaChange International (Nasdaq: SEAC) has agreed to buy VividLogic Inc., a Fremont, Calif.-based provider of software and services to cable television service providers, set-top box manufacturers and consumer electronics suppliers. No financial terms were disclosed. VividLogic raised $3 million in 2005 from Constellation Ventures.
4 min read · 08 January 2010
