Private Equity
KIT Digital Inc. (Nasdaq: KITD) has acquired The FeedRoom, a New York-based provider of online video solutions for media companies. The deal is valued at just under $10 million in stock. The FeedRoom had raised over $65 million in venture capital and debt financing, from firms like BEV Capital, NewSpring Capital and Velocity Equity Partners.
8 min read · 07 October 2009
BroadSoft Inc., a Gaithersburg, Md.-based provider of VoIP application software to the telecom industry, has acquired Packet Island Inc., a Cupertino, Calif.-based provider of SaaS-based quality of service assessment and monitoring tools for VoIP and video networks and services. No financial terms were disclosed. Broadsoft has raised around $76 million in total VC funding since 1998, from firms like Bessemer Venture Partners, Charles River Ventures, Columbia Capital, Crescendo Ventures, Grotech Capital Group, RRE Ventures and Meritech Capital Partners. Packet Island had raised just over $3 million, from Garage Technology Ventures, Rincon Venture Partners and Startup Capital Ventures.
3 min read · 07 October 2009
Box.net, a Palo Alto, Calif.-based provider of an online filing system, has acquired Increo Solutions, a Mountain View, Calif.-based developer of collaborative online document and media viewing tools. No financial terms were disclosed. Box.net has raised $12.5 million from U.S. Venture Partners and Draper Fisher Jurvetson, while Increo raised a small amount of seed funding from DFJ.
2 min read · 07 October 2009
TransEnterix Inc., a Durham, N.C.-based developer of a laparoscopic surgical platform, has raised $55 million in Series B funding. Aisling Capital led the round, and was joined by Intersouth Partners, Quaker BioVentures and return backers SV Life Science Advisers, Synergy Life Science Partners and Parish Capital Advisors.
5 min read · 07 October 2009
1 min read · 06 October 2009
ABT Molecular Imaging, a Knoxville, Tenn.-based developer of a production platform to generate unit doses of molecular imaging drugs, has raised $9 million in Series A funding. Intersouth Partners led the round, and was joined by the company's founders.
2 min read · 06 October 2009
SANpulse Technologies, a Jersey City, N.J.-based provider of enterprise infrastructure software and services for automated SAN migrations, has raised $5 million from Edison Venture Fund.
3 min read · 06 October 2009
DataSync Corp., a Sioux Falls, S.D.-based provider of a small business SaaS platform, has raised $1.2 million in first-round funding led by Rain Source Capital.
3 min read · 06 October 2009
Bicycle Therapeutics Ltd., a UK-based biotherapeutics startup, has raised an undisclosed amount of seed funding from Atlas Venture and Novartis Venture Fund. Bicycle Therapeutics is a spinout from the MRC Laboratory of Molecular Biology.
4 min read · 06 October 2009
Carnegie Speech Co., a Pittsburgh-based provider of software for assessing and teaching spoken language skills, has raised $2.2 million in Series A-2 funding and signed strategic partnership with In-Q-Tel. The company previously raised $6 million from Osage Ventures.
2 min read · 06 October 2009
