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Glu Mobile Gets $13.5 Million in Gross Proceeds From Private PlacementGlu Mobile Inc. received gross proceeds of about $13.5 million from a completed private placement. Existing shareholders that joined in the financing include Greenway Capital, Cannell Capital, Cypress Capital, Granite Global Ventures, New Enterprise Associates, Scale Venture Partners and Stephens Investment Management. Glu Mobile is a San Mateo, Calif.-based publisher of mobile games.
- Andreessen Horowitz seeks $650M for new fund
Andreessen Horowitz raised $300M for its debut fund last year
- Angels come out in droves for Demo Day
VCs wonder if another bubble is forming with Internet startups that cost next-to-nothing to launch
- WSJ: ArcSight Inc. Is On The Block and Could Fetch $1.5 Billion
ArcSight Inc., a security software maker, is up for sale, the Wall Street Journal reports. Bidders include Oracle Corp. and Hewlett-Packard Co., EMC Co., IBM Corp., and CA Inc. ArcSight could fetch $1.5 billion, the WSJ said. Cupertino, Calif.-based ArcSight has received VC funding from firms like Kleiner Perkins Caufield & Byers, Institutional Venture Partners, Integral Capital Partners and New Enterprise Associates.
- Hundreds of Millions of Dollars Later, Longtime CEO of Good Technology is Ousted, as Silver Lake and Others Kick the Tires
In a little-noticed press release two weeks ago, the board of directors at the software company Good Technology announced that CEO Brian Bogosian was out “effective immediately,” replaced by a board member, King Lee. To many, Bogosian’s ouster marks not only the end of a seemingly interminable chapter in the history of Visto, which was renamed Good Technology last year; it may also signal the beginning of a new era for the company, one that already has private equity firms including Silver Lake and General Atlantic interested in becoming major stakeholders, say sources. Whoever strikes a deal will be joining an astonishingly long line of previous investors. “[Good] is like the Baskin-Robbins of venture capital,” says one of them, noting that the company has already attracted more than 30 different firms over its now 14-year history -- most of them washed out.
- Medco Health Buying United BioSource for $730 Million
Medco Health Solutions Inc. (NYSE: MHS) has agreed to acquire United BioSource, a Bethesda, Md.-based scientific and medical affairs organization. The all-cash deal is valued at around $730 million. United BioSource has raised more than $275 million in equity funding, from Berkshire Partners, Grotech Capital Group, J.H. Whitney and New Enterprise Associates.
- peHUB Wire: Monday, August 16, 2010
60,000 and… Goodbye?
- peHUB Wire: Monday, August 16, 2010
60,000 and… Goodbye?