Private Equity
3 min read · 16 August 2011
ADESA, a unit of KAR Auction Services, has agreed to buy OPENLANE for $210 million cash. OPENLANE, of Redwood City, Calif., is a b2b automotive remarketing company.
5 min read · 15 August 2011
Ellie Mae said Monday that it has acquired Del Mar Datatrac for $17.2 million in cash. The deal also includes $8 million in future cash payments over the next three years. Pleasanton, Calif.-based Ellie Mae provides automated services for the residential mortgage industry. Del Mar provides software, DataTrac, which is used by mortgage lenders to process and fund loans.
8 min read · 15 August 2011
Tengion said Monday that Diane Jorkasky, M.D., has joined its board, while Brenda Gavin, D.V.M., is stepping down. Jorkasky recently joined Endo Pharmaceuticals as a SVP, Clinical Development and Chief Medical Officer. Gavin is a managing partner at Quaker BioVentures, which was an early VC investor in Tengion. East Norriton, Pa.-based Tengion is a clincal-stage biotech that develops neo-organs and neo-tissues from a patient's own cells.
3 min read · 15 August 2011
Mark Tice was named CEO of SignalDemand, a San Francisco-based provider of margin optimization software. Mike Neal, SignalDemand's former CEO, will continue as president.
3 min read · 15 August 2011
Contagion Health, which was funded by YCombinator, is merging with Health Month to form Habit Labs. Contagion Health was founded by Jen McCabe, while Health Month was started by Buster Benson. McCabe will serve as CEO of Seattle-based Habit Labs, while Benson will be CTO, according to a statement.
5 min read · 15 August 2011
2 min read · 11 August 2011
ISGN Corp. has closed $30 million in funding from current investors including New Enterprise Associates, IndoUS Venture Partners and CFCL Overseas Ltd., a KK Birla company. Bensalem, PA-based ISGN provides mortgage technology and services in the US.
2 min read · 10 August 2011
4 min read · 10 August 2011
High Street Partners has closed $6.3 million in Series C financing led by Baird Venture Partners. Sigma Partners and Gold Hill Capital also invested. High Street offers cloud-based business services.
5 min read · 10 August 2011
