Roamware, a San Jose, Calif.-based provider of roaming solutions for mobile communications, has acquired Macalla Inc., a provider of mobile financial services solutions for mobile banking. No financial terms were disclosed. Roamware has raised over $64 million in VC funding, from firms like DCM-Doll Capital Management, Accretive Technology Partners, Shelter Capital Partners and T-Mobile Venture Fund.
3 min read · 09 September 2009
Blade Network Technologies Inc., a Santa Clara, Calif.-based provider of data center networking, has raised $10 million in Series B funding. NEC Corp., Juniper Networks and an undisclosed "technology industry leader" were joined by return backer Garnett & Helfrich.
5 min read · 09 September 2009
RightNow (Nasdaq: RNOW) has agreed to acquire HiveLive Inc., a Boulder, Colo.-based provider of an enterprise social software platform, for approximately $6 million in cash. HiveLive raised $5.6 million in first-round funding in early 2008 from Grotech Capital Group.
4 min read · 09 September 2009
Cell Biosciences, a Palo Alto, Calif.-based provider of nanoproteomic analysis systems to life science researchers, has agreed to acquire Alpha Innotech Corp. (OTC BB: APNO). The deal is valued at approximately $17.9 million in cash, or $1.50 per Innotech share. Cell Biosciences also announced that it has raised $19 million in new capital, via a second tranche of Series C funding and a Series D round. This brings its total funding to around $60 million, from firms like The Wellcome Trust, Domain Associates, Latterell Venture Partners, Novo A/S, Mitsui Ventures, Royal Bank of Canada and The Vertical Group. Alpha Innotech still lists several VC shareholders, following its 2005 reverse merger with Xtrana. They include BioAsia Management Investment and ETP/FBR Venture Capital.
4 min read · 09 September 2009
Riot Games, a Los Angeles-based online game publisher, has raised $8 million in second-round funding. Return backers Benchmark Capital and FirstMark Capital were joined by Tencent, a Chinese digital goods provider that operates an online gaming business. Riot Games previously raised $7 million.
3 min read · 09 September 2009
ValenTx Inc., a Carpinteria, Calif.-based developer of minimally-invasive treatments for morbid obesity, has raised $22 million in Series B funding. SV Life Sciences led the round, and was joined by Covidien Ventures and return backers EDF Ventures, Affinity Capital Management, Kaiser Permanente Ventures, TGap Ventures and Sapient Capital Management.
2 min read · 08 September 2009
Emily Melton has joined Mayfield as a partner. She previously was a director with Draper Fisher Jurvetson, where her portfolio company board seats included MyShape, NearbyNow, ProQuo, Redfin and ShareThis. www.mayfield.com
2 min read · 08 September 2009
Kofax PLC (LSE: KFX) has acquired 170 Systems Inc., a Bedford, Mass.-based provider of financial process automation software, for an enterprise value of $32.9 million. 170 Systems raised nearly $14 million in 2002 from Polaris Venture Partners.
5 min read · 08 September 2009
Rosso Corp., a consumer-focused Internet startup operating in stealth mode, has raised $2 million in first-round funding from Austin Ventures. The company was founded by Manuel Rosso, an AV entrepreneur-in-residence since last November.
2 min read · 08 September 2009
Kai-Fu Lee, who last week resigned as president of Google China, has launched Innovation Works, an incubator for Chinese IT startups. It has been funded with $115 million, including from lead investor WI Harper Group. Other backers include Steve Chen (co-founder of YouTube), Terry Gou (chairman of Foxconn), Liu Chuanzhi (chairman of Legend Group) and Yu Minhong (chairman of New Oriental).
5 min read · 07 September 2009
