Neuralitic Systems Inc., a Montreal-based developer of a marketing information service portal for mobile operators, has raised $10 million in Series B funding, according to The Globe & Mail. Backers include BlackBerry Partners Fund, BDC Venture Capital and Vertex Venture Capital. www.neuralitic.com
1 min read · 21 January 2009
Riverbed Technology (Nasdaq: RVBD) has agreed to acquire Mazu Networks, a Cambridge, Mass.-based provider of enterprise network security solutions. The deal is valued at approximately $25 million in cash, plus the possibility of up to $22 million in earn-outs. Mazu Networks has raised over $47 million in VC funding since 2000, from firms like Greylock Partners, Benchmark Capital, Matrix Partners, Pilot House Ventures, StarVest Partners and Symantec Corp.
6 min read · 21 January 2009
Compliance 360 Inc., an Alpharetta, Ga.-based provider of SaaS enterprise compliance solutions, has acquired Tavilo Inc., a provider of technology that allows third-party data to be mined, examined and analyzed. No financial terms were disclosed. Compliance 360 has raised around $4.25 million from Fulcrum Ventures and individual angels.
3 min read · 21 January 2009
S*BIO Pte Ltd. of Singapore has granted San Diego-based Tragara Pharmaceuticals a global exclusive license to develop and commercialize multi-kinase inhibitor SB1317. Under terms of the agreement, S*BIO is eligible to receive up to $112.5 million in payments, including both up-front fees and earn-outs. S*BIO has raised over $26 million from firms like Aravis Capital, Bio*One Capital, Lacuna Apo BioTech Fund and Zurcher Kantonalbank. Tragara Pharma has raised $40 million from Domain Associates, ProQuest Investments, Morgenthaler Ventures, Oxford Biosceince Partners and Mitsubishi International Corp.
3 min read · 21 January 2009
Dataupia Inc., a Cambridge, Mass.-based provider of enterprise computing data management solutions, has raised an undisclosed amount of Series B-1 funding. A regulatory filing indicates that the round was for nearly $10 million, and closed last quarter. Dataupia had previously raised around $30 million from Fairhaven Capital Partners, Polaris Venture Partners and Valhalla Partners. www.dataupia.com
3 min read · 21 January 2009
Silicon Navigator Corp., a Cupertino, Calif.-based developer of electronic design automation (EDA) software, filed for Chapter 7 bankruptcy protection last October. It had raised over $10 million in VC funding from firms like ITU Ventures, Gefinor Ventures and Intel Capital. Download the bankruptcy filing.
1 min read · 21 January 2009
Dydacomp , a Totowa, N.J.-based provider of business automation solutions, has acquired LaGarde (a.k.a. StoreFront.net), a Kansas City-based provider of ecommerce solutions for small and mid-sized businesses. No financial terms were disclosed, although the Kansas City Business Journal places the sale price at approximately $2.78 million. Dydacomp backer Milestone Partners helped sponsor the acquisition, with Dydacom lenders Churchill Financial and Madison Capital participating on the debt side. LaGarde had raised around $7.5 million from Shasta Ventures, before going bankrupt last fall.
3 min read · 21 January 2009
NonStop Riot, a Hollywood, Calif.-based music branding agency, has raised an undisclosed amount of Series B funding from North Venture Partners.
2 min read · 21 January 2009
CoalTek Inc., a Tucker, Ga.-based developer of clean coal technology, is looking to raise $50 million in fourth-round funding, according to a Clean Technology Insight interview with CoalTek CEO Chris Poirier. It previously raised over $60 million, including a $33 million Series C round, from firms like Lightspeed Venture Partners, Warburg Pincus, Draper Fisher Jurvetson, Element Partners and Braemar Energy Partners. www.coaltek.com
1 min read · 21 January 2009
eIQnetworks Inc., an Acton, Mass.-based provider of security and compliance management, has raised $10 million in its first round of institutional funding led by Venrock. www.eiqnetworks.com
4 min read · 21 January 2009
