Coradiant Inc., a San Diego-based provider of Web performance management solutions, has acquired the assets of Palo Alto-based competitor Symphoniq Corp. No financial terms were disclosed. Coradiant has raised around $55 million in VC funding from firms like Desjardins, DCM, GrandBanks Capital, Mesirow Financial Private Equity and Miramar Venture Partners. Symphoniq had raised around $12 million from Greylock Partners and InterWest Partners.
2 min read · 17 July 2009
MedVentive Inc., a Cambridge, Mass.-based provider of pay-for-performance software for evidence-based medicine, has raised $7.25 million in Series C funding. Excel Venture Management led the round, and was joined by return backers HLM Venture Partners and Long River Ventures. Past MedVentive rounds had also included Worcester Venture Fund.
4 min read · 17 July 2009
Lat49, a Vancouver-based provider of a geo-contextual advertising network, has raised C$1.5 million in Series A funding. PenderFund Capital Management led the round, and was joined by return backers like Discovery Capital.
3 min read · 17 July 2009
Norwest Venture Partners has acquired an 8.37% stake in Shriram City Union Finance, the consumer finance business of Chennai, India-based Shiram Group, from Indopark Holdings Ltd., a Merrill Lynch subsidiary. The deal was valued at nearly $25 million.
3 min read · 17 July 2009
PriceDrip, a Monroe Township, N.J.-based online auction site, has raised an undisclosed amount of seed funding from 2G Associates.
2 min read · 17 July 2009
Narus, a Sunnyvale, Calif.-based provider of real-time traffic intelligence for the protection and management of large IP networks, has raised $8.7 million in recap venture funding. Participants included American Capital, Mayfield Fund, NeoCarta Ventures, Panorama Capital and Walden International. The company previously raised around $105 million.
3 min read · 17 July 2009
2 min read · 17 July 2009
Greenray Inc., a Westford, Mass.-based developer of DIY solar technology for residential homes, has raised $2 million in Series A funding. Quercus Trust led the round, and was joined by 21Ventures.
3 min read · 16 July 2009
ProtonMedia, a Lansdale, Penn.-based provider of a social collaboration platform, has raised $2.5 million in Series A funding. Backers include Originate Ventures and Osage Ventures.
2 min read · 16 July 2009
Invodo Inc., an Austin, Texas-based online video management platform, has raised $6 million in Series B funding from return backers Sevin Rosen Funds and S3 Ventures. The company previously raised $1.5 million.
2 min read · 16 July 2009
