U.S. Venture Partners related stories
All articles and analysis
- Act-On Software Buys Marketbright
On the heels of a $10 million venture round this summer, Act-On Software, which is developing cloud-based integrated marketing platforms, has acquired the assets of marketing automation software maker Marketbright. Terms of the deal were not released. Beaverton, Oregon-based Act-On is backed by venture capital firms Trinity Ventures, U.S. Venture Partners and Voyager Capital, as well as by Cisco.
- Quepasa Buys Teen Network myYearbook for $100M
Quepasa Corp., which runs the Latino social network Quepasa.com, will pay $100 million for venture-backed networking site myYearbook. The deal is comprised of $82 million in Quepasa stock, and $18 million in cash. myYearbook had raised venture funding from investors including Norwest Venture Partners, US Venture Partners and First Round Capital.
- Dell Buys Force10 Networks
Dell is buying data center networking company Force10 Networks, which has a lengthy list of venture investors including New Enterprise Associates, Crosslink Capital, U.S. Venture Partners, Morgenthaler Ventures and Worldview Technology Partners. No terms of the deal were released. According to a press release, Force10 is a $200-million company, based on trailing 12 months revenue. Force10 was founded in 1999 and is based in San Jose, Calif.
- LivingSocial Hires Bankers Hoping to Tap Investor Interest in Internet IPOs
(Reuters) - LivingSocial has picked Bank of America Merrill Lynch, JPMorgan and Deutsche Bank to lead-underwrite an IPO that could value the daily deals site at $10 billion to $15 billion, two sources with knowledge of the matter said. The three banks declined to comment. LivingSocial, runner-up to Groupon in the fast-expanding daily deal market, is the latest Internet startup seeking to woo investors keen to pile into social media companies from LinkedIn and Twitter to Zynga and Facebook. In April, LivingSocial raised $400 million in a round of funding that included LightSpeed Venture Partners and Amazon, giving it a value of about $3 billion. To date, LivingSocial has raised $648 million in
- Contour Energy Systems Inks Series C
Contour Energy Systems, a developer of battery systems, has closed an undisclosed amount of Series C financing, the company said Tuesday. Investors in the round include EDB Investments, CMEA Capital, Harris & Harris, Schlumberger and U.S. Venture Partners. The latest infusion will go toward research and development efforts, production capacity expansion and funding working capital growth.