Private Equity
Online auction marketplace Reply.com has inked a $10 million investment from Saints Capital. The company also acquired mobile application developer adHUBs. Financial terms of the acquisition were not released. As part of the deal adHUBs co-founder Reza Hajebi joins Reply.com as chief technology officer. Reply.com is based in San Ramon, Calif. San Francisco-based Saints Capital acquired its stake from existing shareholders, the company said.
2 min read · 04 February 2011
Aerohive Networks acquired privately-held Pareto Networks, which is a in cloud-based networking company. Aerohive is a Sunnyvale, Calif.-based maker of a cooperative control wireless LAN architecture.It is backed by Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners and Northern Light Venture Capital.
3 min read · 19 January 2011
SurveyMonkey.com of Palo Alto, Calif., acquired a 49.9 percent interest in Clicktools, a U.K.-based survey provider on salesforce.com's AppExchange. The companies plan to form a partnership that will offer cloud-based survey tools integrated with Salesforce CRM. SurveyMonkey is backed by Bain Capital and Spectrum Equity Investors.
3 min read · 12 January 2011
Groupon expands in three new countries through the launch of Groupon India, Groupon Israel and Groupon South Africa. The Chicago-based operator of websites for organizing group actions was able to expand its local commercial platforms in India, Israel and South Africa through the purchase of daily deal sites SoSasta (http://www.sosasta.com), Grouper (http://www.grouper.co.il) and Twangoo (http://www.twangoo.co.za), respectively. Financial terms of the deals were not disclosed. Groupon is backed by Accel Partners, Battery Ventures LP and New Enterprise Associates Inc.
3 min read · 11 January 2011
The Carlyle Group may be known for its large buyouts but the politically connected PE firm does do smaller deals. On Tuesday, Carlyle unveiled a "significant" investment in Primatics Financial. It's not clear if the Washington D.C.-based Carlyle acquired a majority of Primatics but the PE firm hasn’t bought 100% of the company. Primatics's management, which is staying in place, is taking a stake, according to a statement.
2 min read · 04 January 2011
San Mateo, Calif.-based start-up Fanhattan has acquired Calgary-based company The Open Movie Database, the company said. Financial terms were not released. Fanhattan plans to launch its digital media service in early 2011, and aims to help consumers navigate and discover Internet-based entertainment content like movies and television shows. The company is backed by New Enterprise Associates, Redpoint Ventures, GreyCroft Partners, BV Capital and unnamed independent investors.
3 min read · 16 December 2010
2 min read · 15 December 2010
Small Bone Innovations Inc. said Tuesday that it's sold its shoulder-related assets to Fx Solutions, a French company. Financial terms weren't announced. Small Bone Innovations, of New York, will focus on its small bone & joint product portfolio, including its ankle replacement system, STAR ankle. Fx Solutiosn is focused solely on products to treat shoulder fractures and trauma. Earlier this year, SBi closed on $12 million in Series E funding from Olympus Corp. and earlier secured a $30 million debt facility from Fortress Investment Group. Last year, SBi received $144 millionin Series D and C funding from investors.
4 min read · 07 December 2010
3 min read · 02 December 2010
Every day, it seems there's a tech company being sold or rumored to be on the block. With so many deals, I thought I should reach out to someone with deep background in the sector. Ron Pillar joined i-bank Sagent Advisors on Wednesday as an MD in the tech group. Before Sagent, Pillar was at Ladenburg Thalmann where he was vice chairman and co-head of investment banking. Prior to that, he spent nine years at J.P. Morgan where he was head of technology investment banking. It was at J.P. Morgan that Pillar headed up the advisory team in the 2006 merger of Lucent Technologies and Alcatel of France. He also directed the $700 million IPO of Neustar as well as the $8 billion spin-off of Teradata from NCR Corp.
3 min read · 02 December 2010
