LogLogic, a San Jose, Calif.-based developer of log lifecycle management appliances, has agreed to buy French enterprise security company Exaprotect. No financial terms were disclosed. LogLogic has raised around $36 million from firms Focus Ventures, Sequoia Capital, SAP Ventures, Telesoft Partners, Worldview Technology Partners and Invesco Private Capital. ExaProtect had raised around $5 million from CIC Capital Prive and ELAIA Partners.
3 min read · 22 April 2009
Bonobos Inc., a New York-based men's clothing brand sold exclusively through an online vertical, has raised $3 million in angel funding at a $15 million pre-money valuation. Angel backers include Sandwith Ventures.
3 min read · 22 April 2009
Symantec Corp. (Nasdaq: SYMC) has acquired Mi5 Networks, a Sunnyvale, Calif.-based provider of anti-spyware security appliances. No financial terms were disclosed. Mi5 had raised VC funding from Band of Angels, First Round Capital and Labrador Ventures.
4 min read · 22 April 2009
Ikanos Communications (Nasdaq: IKAN) has agreed to acquire the Broadband Access product line of Conexant Systems (Nasdaq: CNXT), for $54 million in cash and the assumption of certain liabilities. Tallwood Venture Capital is helping to finance the deal, via a $42 million purchase of Ikanos common stock at $1.75 per share. Tallwood also will receive warrants to buy an additional 7.8 million Ikanos shares.
5 min read · 22 April 2009
5 min read · 22 April 2009
1 min read · 22 April 2009
Portico Systems Inc., a Blue Bell, Pa.-based provider of software solutions for health insurance plans, has acquired a suite of health plan contracting solutions from Kryptiq. No financial terms were disclosed. Portico has raised around $13.7 million in VC funding from Edison Venture Fund and Safeguard Scientifics. Kryptiq has raised over $20 million from firms like Shelter Capital Partners, SmartForest Ventures and Voyager Capital.
3 min read · 22 April 2009
Beceem Communications, a Santa Clara, Calif.-based provider of mobile WiMAX chipsets, has raised $20 million in fifth-round funding. Motorola led the round, and was joined by return backers Global Catalyst Partners, Khosla Ventures, KTB Ventures, Walden International, Intel Capital, NEC, Mitsui and Samsung. The company has now raised $110 million in total VC funding since its 2003 inception. www.beceem.com
2 min read · 22 April 2009
1 min read · 22 April 2009
NewPath Networks LLC, a Seattle-based wireless infrastructure company, has raised $30 million from Charterhouse Group ($20m) and Meritage Funds ($10m).
3 min read · 22 April 2009
