Private Equity
Ingenix has agreed to acquire CareMedic, a St. Petersburg, Fla.-based provider of healthcare revenue management software. No financial terms were disclosed. CareMedic has raised over $25 million in VC funding, from firms like Wellmark, CB Health Ventures, Oak Investment Partners, Pappajohn Capital and Iowa Seed Capital Corp.
3 min read · 11 November 2009
Bristol-Myers Squibb Co. (NYSE:BMY) has signed an agreement with Bothell, Wash.-based Alder Biopharmaceuticals Inc., for the development and commercialization of a novel biologic that has completed Phase IIa development for the treatment of rheumatoid arthritis. The deal includes an $85 million up-front cash payment, and up to $764 million in additional milestone payments. Alder Biopharmaceuticals has raised around $67 million in VC funding from firms like Delphi Ventures and TPG Biotech co-led the round, and were joined by return backers Sevin Rosen Funds, Ventures West, H.I.G. Ventures and WRF Capital.
4 min read · 11 November 2009
Workcast Corp., a UK-based provider of webcasting solutions for the enterprise, has raised £850,000 from NorthStar Equity Investors.
3 min read · 11 November 2009
3 min read · 11 November 2009
Stretch Inc., a Sunnyvale, Calif.-based maker of software-configurable processors, has raised $10 million in "mezzanine" funding. Return backers include Worldview Technology Partners, Oak Investment Partners and Menlo Ventures. The company previously raised nearly $115 million.
3 min read · 11 November 2009
Life Technologies Corp. (Nasdaq: LIFE) has agreed to acquire BioTrove Inc., a Woburn, Mass.-based maker of instruments and consumables for genomic analysis, high-throughput screening and molecular diagnostics. No financial terms were disclosed. As part of the transaction BioTrove will spin out its RapidFire mass spectrometry system into an independent company supported by existing investors. BioTrove late last year withdrew registration for a $75 million IPO, after having raised over $43 million in VC funding from firms like Catalyst Health & Technology Partners, CB Health Ventures, Vox Equity Partners, Biofrontier Partners, Fletcher Spaght Associates and Pfizer.
4 min read · 11 November 2009
Prosper, a San Francisco-based operator of a peer-to-peer lending marketplace, has raised an undisclosed amount of funding from QED Investors. QED managing partner Nigel Morris, co-founder of Capital One, will join the Prosper board of directors. Prosper previously raised around $40 million, from firms like Accel Partners, Benchmark Capital, Fidelity Ventures, DAG Ventures, Meritech Capital Partners and Omidyar Network.
3 min read · 11 November 2009
Jonathan Silver has been named executive director of the Department of Energy's loan program. He had been a co-founding managing director of Core Capital Partners, before leaving in 2008.
3 min read · 10 November 2009
GigOptix Inc. (OTCBB: GGOX) has agreed to acquire ChipX, Santa Clara, Calif.-based provider of ASIC products. ChipX investors will receive 3.5 million common shares of GigOptix stock, currently valued at approximately $12.25 million and representing a 26% stake in GigOptix. ChipX has raised approximately $65 million in total VC funding, including a recap in 2004. Current backers include Elron Electronic Industries, Needham Asset Management, Newlight Associates, Parker Price Venture Capital, UMC Capital, VantagePoint Venture Partners and Wasserstein Ventures.
6 min read · 10 November 2009
1 min read · 10 November 2009
