Catalyst Investors related stories
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- Clearwire Scoops Up Oneida Comm Remainders
Catalyst Investors and Northwood Ventures have sold the remaining assets of Oneida Communications Group to Clearwire Corp. for an undisclosed amount. Catalyst had sold most of Oneida's spectrum holdings to Sprint Nextel last year, but still had some wireless licenses remaining.
- VC-Backed Bust: Proficiency Inc.
Proficiency Inc., a Marlborough, Mass.-based provider of product knowledge integration and CAD interoperability solutions to manufacturers and their suppliers, appears to have ceased operations. It had raised over $70 million in VC funding since 1998, with its most recent infusion coming in early 2008. At its peak, the company had around 150 employees and five global offices (HQ, Texas, Israel, France and Germany). A source familiar with the situation says the company has a small debt-load (sub-$1m), and is in talks to sell its assets to a strategic buyer in Ohio. I rang up Proficiency CEO Alex Shapira at his Texas home, but he declined to comment or confirm the company's current status (said he had to confer with unnamed others). Proficiency was originally seeded by Concord Ventures, and soon after raised $10 million at a $22 million post-money valuation from Ticonderoga Capital and Charles River Ventures. Its valuation would rise to $57.5 million following a $27.4 million Series C round in 2001, which included return backers and
Why to invest in European VCDespite a track record of good returns, top performing funds and a vibrant entrepreneurial culture, European venture capital is still over-looked by the world’s LPs.
Online Advertising Is Still a Growth OpportunityFocus on the middle of the market, says Tyler Newton of Catalyst Investors