Private Equity
Ifbyphone, a Skokie, Ill-based provider of voice infrastructure and applications to SMBs, has acquired CloudVox, a Seattle-based cloud telephony startup. No financial terms were disclosed, although a regulatory filing indicates that Ifbyphone recently raised $1.2 million in "debt" and "option, warrant or other right to acquire another security." IfByPhone previously raised over $7 million in VC funding from Apex Venture Partners and Origin Ventures co-led round, and were joined by Spring Mill Venture Partners and Illinois Innovation Accelerator Fund. It also raised an undisclosed amount of venture debt from Blue Crest Capital Finance.
3 min read · 20 January 2010
PacketExchange Ltd., a London-based provider of wide-area Internet exchange services, has agreed to acquire network services provider Mzima Networks. No financial terms were disclosed. PacketExchange has raised around $17.5 million in VC funding, from firms like DFJ Esprit and Bank of Scotland Growth Equity.
4 min read · 20 January 2010
CitySquares Online Inc., a Boston-based local search startup, has acquired Framingham, Mass.-based rival Yokel.com. No financial terms were disclosed. CitySquares has raised a small amount of VC funding from eCoast Angels, while Yokel had been backed by Boston Capital Ventures.
2 min read · 14 January 2010
iForem, a Redwood Shores, Calif.-based provider of digital asset preservation, has raised $2 million in new VC funding from existing shareholder Gabriel Venture Partners. The company also announced its acquisition of EnMoDa, a digital privacy company focused on the mobile communications market.
3 min read · 13 January 2010
OneAccess, a France-based provider of enterprise access routers and IP services, has acquired Bangalore, India-based router manufacturer BA Systems. No financial terms were disclosed. OneAccess has raised over $25 million in VC funding from firms like AGF Private Equity, CIC Capital, T-Venture, VPSA, Innovacom, HarbourVest Partners and Tempo Capital Partners.
2 min read · 13 January 2010
Amobee Media Systems Inc., an Redwood City, Calif.-based developer of ad-serving solutions for mobile operators, has agreed to buy London-based mobile advertising company RingRing Media. No financial terms were disclosed. Amobee has raised around $59 million in VC funding from Cisco Systems, Motorola, Telefonica, Vodafone, Accel Partners, Globespan Capital Partners and Sequoia Capital.
4 min read · 13 January 2010
Rightware Oy, a Finnish provider of a 3D graphical user interface solution for mobile phones and automotive applications, has raised €3 million in VC funding from Inventure and Nexit Ventures. The company also announced that it has acquired Furturemark Corp.'s mobile and embedded business unit.
3 min read · 07 January 2010
FXall, a UK-based institutional multi-bank electronic foreign exchange platform, has agreed to buy LavaFx from Citi. No financial terms were disclosed. FXall is backed by Technology Crossover Ventures.
3 min read · 05 January 2010
1 min read · 04 January 2010
Thomson Reuters and the National Venture Capital Association this morning released Q4 and year-end 2009 data on VC-backed IPO and M&A exits. Not surprisingly, the results were underwhelming. The fourth quarter's five VC-backed IPOs brought the yearly total to just 13. That's more than twice the number of VC-backed companies that went public in 2008, but still played the backend of the slowest consecutive yearly total since 1974-1975. There were 67 VC-backed M&A exits last quarter, which generated $7.77 billion in disclosed value. The 2009 tally was 262 VC-backed M&A exits at a disclosed value of $12.55 billion, compared to 348 deals worth a disclosed value of $13.68 billion in 2008.
1 min read · 04 January 2010
