MobUI, a Redmond, Wash.-based mobile applications development startup, has acquired Action Engine Corp., a Bellevue, Wash.-based mobile apps company that had raised over $60 million in VC funding. MobUI said that it was financing the deal via a capital infusion from undisclosed investors, but did not say if Action Engine backers would become shareholders in the new company. Action Engine had been funded by Baker Capital, OVP Venture Partners, Northwest Venture Associates and Spangler Ventures.
3 min read · 13 October 2008
Simbionix USA Corp., a Cleveland-based maker of virtual reality simulation products for clinical education and the training of medical professionals, has raised around $7 million in Series C funding. River Cities Capital Funds led the round with a $5 million infusion, and was joined by placement agent Western Reserve Partners and return backer Early Stage Partners.
3 min read · 13 October 2008
Standard Life PLC has acquired Vebnet Ltd., a Scotland-based provider of virtual employee benefits services, for £24 million. Sellers include Cross Atlantic Capital Partners.
2 min read · 13 October 2008
Fitbit Inc., a San Francisco-based developer of Web-based health and wellness monitoring solutions, has raised $2 million in first-round funding. True Ventures led the round, and was joined by SoftTech VC and a group of individual angels.
3 min read · 13 October 2008
1 min read · 10 October 2008
1 min read · 10 October 2008
1 min read · 10 October 2008
1 min read · 10 October 2008
1 min read · 10 October 2008
1 min read · 10 October 2008
