U.S. Venture Partners related stories
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IBM to Buy VC-Backed TrusteerIBM said Thursday that it has agreed to acquire Trusteer. No financial terms were disclosed. With offices in Boston and Israel, Trusteer, which is backed by U.S. Venture Partners, is a provider of cybersecurity software.
- Shakeup At U.S. Venture Partners
Dan Primack at Fortune is reporting a big shakeup at U.S. Venture Partners where 16-year veteran Winston Fu is said to have left. Partner Chris Rust and Venture Partner Emily Melton also are gone while Paul Matteucci is list as an operating partner, Fortune reports.
- VC-Backed Castlight Health Announces New Hire
Castlight Health has hired Motasim Najeeb as vice president of engineering. In his new role, Najeeb will be responsible for managing Castlight’s engineering team and guiding technology developments. Headquartered in San Francisco, Calif., Castlight Health is a provider of health care solutions. It is backed by a number of investors that include Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock and Wellcome Trust.
- Box Chooses SDL to Accelerate International Growth
SDL has been selected by UK-based Box, a provider of online storage and collaboration software, as its preferred partner to expand into new international markets. Box is backed by venture capital firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners and U.S. Venture Partners and strategic investors salesforce.com and SAP.
- VC-Backed ScoreBig.com Adds Two Executives
ScoreBig.com said Thursday that it has added two new senior level executives to its team. David Marcus has been named senior vice president of partnerships while Eric Wilson has become vice president of technology and product. Based in Los Angeles, Calif. and backed by Bain Capital Ventures and U.S. Venture Partners, ScoreBig.com is an online marketplace that sells unsold tickets.
- Box Adds to Team with Senior Sales Appointments
Box has hired four senior sales professionals to its team. Jim Priestley joins as senior vice president of sales; Stephen Morse joins as vice president of global sales engineering; Ryan Martin as vice president of platform sales; and Scott Hebert as vice president of vertical industry sales. Headquartered in Los Altos, CA, Box is a privately held company and is backed by venture capital firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, U.S. Venture Partners and strategic investors salesforce.com and SAP.
VCs on the Move Jul 1, 2013Personnel changes at Khosla, Madrona, Redpoint and other venture firms
- Inadco Raises $11M From USVP, Redpoint
Inadco, Inc. said it raised $11 million in a Series B round led by U.S. Venture Partners and joined by existing investor Redpoint Ventures. The company had previously raised a $5 million Series A round from Redpoint, SV Angel, Mike Walrath, former CEO of Right Media, and Matt Coffin, founder of LowerMyBills.com.
- Mellanox Technologies Names Board Chairman
Mellanox Technologies, Ltd., a provider interconnect solutions for data center servers and storage systems, said on Tuesday that it has named Irwin Federman as non-executive chairman of the company’s board of directors. Federman, who is currently the company's lead director, is a general partner at U.S. Venture Partners.
- U.S. Venture Partners Expands Team with New Hires
U.S. Venture Partners said on Thursday that it has expanded its team. Dr. Jacques Benkoski has been promoted to partner while Mike Maciag has been named as an executive-in-residence and Craig Parker as the firm's entrepreneur-in-residence. USVP is an early-stage venture capital firm based in Menlo Park, Calif.