Private Equity
Cephalon Inc. (Nasdaq: CEPH) has exercised an option to acquire Ception Therapeutics Inc., a Malvern, Pa.-based drug company whose lead candidates are anti-inflammatories. The deal was originally signed in early 2008, with Cephalon making a $100 million upfront payment, and agreeing to pay another $250 million if it chose to exercise the acquisition option. Ception has raised around $88 million in VC funding, from firms like Essex Woodlands Health Ventures, Investor Growth Capital, MDS Life Sciences, New Science Ventures and Aperture Venture Partners.
5 min read · 25 February 2010
hi5 Networks Inc., a San Francisco-based social networking site with strong international presence, has acquired Austin, Texas-based social gaming company Big Six. No financial terms were disclosed. Hi5 raised a $20 million Series A round led by Mohr, Davidow Ventures in 2008.
3 min read · 25 February 2010
Millennial Media, a Baltimore-based provider of mobile advertising solutions, has acquired San Francisco-based mobile analytics firm TapMetrics. No financial terms were disclosed. Millennial Media has raised around $37 million over three rounds of VC funding, from Bessemer Venture Partners, Columbia Capital, Charles River Ventures and New Enterprise Associates.
3 min read · 25 February 2010
PocketGear Inc., a Durham, N.C.-based mobile app store and content marketplace, has acquired Handango, a Hurst, Texas-based provider of smartphone content. No financial terms were disclosed. Handango had raised around $80 million in VC funding since 1999, from Institutional Venture Partners, Advanced Technology Ventures, Centerpoint, Neo Carta Ventures, Pharos Capital Group and SSM Partners. PocketGearraised an undisclosed amount of VC funding from Noro-Moseley Partners and Wakefield Group, as part of its spinout from Motricity.
4 min read · 25 February 2010
CollabNet, a Brisbane, Calif.-based developer of cloud-based software lifecycle management tools, has acquired Danube, provider of Scrum project management solutions. No financial terms were disclosed. CollabNet has raised around $67 million in VC funding, including from Benchmark Capital and Norwest Venture Partners.
3 min read · 22 February 2010
2 min read · 11 February 2010
CaliSolar Inc., a Sunnyvale, Calif.-based developer of solar cells using “dirty” metallurgical grade silicon, has acquired 6N Silicon Inc., an Ontario-based supplier of solar-grade silicon to the photovoltaic industry. No financial terms were disclosed, except that CaliSolar has raised $22.5 million in new funding from existing shareholders and 6N Silicon backers. CaliSolar previously raised over $100 million from Hudson Clean Energy, Advanced Technology Ventures and Globespan Capital Partners. 6N Silicon had raised more than $20 million from Good Energies, Ventures West Management and Yaletown Venture Partners.
3 min read · 11 February 2010
RadPharm Inc., a Princeton, N.J.-based provider of medical image review services for clinical research, has merged with Medifacts International Inc., a Rockville, Md.-based cardiovascular core lab. The combined company will be based in Princeton, and be called CoreLab Partners. RadPharm has raised around $32 million in VC funding from SiemensVenture Capital, Ampersand Ventures, Adams Street Partners and Tang Capital Management. Medifacts has raised around $22 million from Ampersand Ventures and SV Life Sciences.
3 min read · 11 February 2010
MindBody Inc., a spa software provider that raised $5.6 million last year from Catalyst Investors, has acquired ClientMagic Software, a Folsom, Calif.-based provider of scheduling and business management software to salons and spas. No financial terms were disclosed.
3 min read · 09 February 2010
Black Sand Technologies Inc., an Austin, Texas-based developer of mixed-signal semiconductors, has acquired a patent portfolio related to CMOS power amplifiers (PAs) from Silicon Laboratories. No financial terms were disclosed. Black Sand has raised around $18 million in VC funding from Austin Ventures and North Bridge Venture Partners.
2 min read · 03 February 2010
