Private Equity
GridPoint Inc., an Arlington, Va.-based smart-grid company, has acquired ADMMicro, a Roanoke, Va.-based provider of energy management systems for the commercial and industrial sector. No financial terms were disclosed. GridPoint has raised around $220 million in total VC funding, from firms like Goldman Sachs, New Enterprise Associates, Susquehanna Private Equity, Perella Weinberg Partners and Robeco.
4 min read · 09 November 2009
Facet Solutions Inc., a Hopkinton, Mass.-based developer of surgical devices for the treatment of degenerative spinal disorders, has acquired the assets of Archus Orthopedics, a Redmond, Wash.-based company that closed its doors three months ago. Facet Solutions has raised over $20 million from firms like De Novo Ventures, FirstMark Capital and Spray Venture Partners. Archus had raised around $64 million from InterWest Partners, J&J Development Corp., Polaris Venture Partners and MPM Capital.
2 min read · 06 November 2009
Initiate Systems Inc., a Chicago-based provider of master data management solutions for the exchange of health information, has acquired Accenx, an Irvine, Calif.-based provider of interoperability solutions for electronic healthcare records. No financial terms were disclosed. Initiate Systems has raised over $67 million in VC funding, from Apex Venture Partners, First Analysis Group, Sigma Partners, BlueCross BlueShield Venture Partners and Paladin Capital Group. It canceled a proposed IPO in 2008. Accenx raised $3 million in Series A funding led by National Healthcare Services.
3 min read · 05 November 2009
Digby, an Austin, Texas-based provider of mobile commerce solution for retailers, has acquired Movaya Wireless, a Seattle-based developer of digital goods storefront applications for mobile devices like the iPhone and Android. No financial terms were disclosed. Digby has raised a small amount of VC funding from The BlackBerry Partners Fund (managed by JLA Ventures).
3 min read · 05 November 2009
Funambol Inc., a Redwood City, Calif.-based developer of open-source mobile application servers, has acquired Zapatec Inc., a provider of AJAX web 2.0 frameworks. No financial terms were disclosed. Funambol has raised around $23 million in VC funding, from firms like Nexit Ventures, Castile Ventures, Walden International and HIG Ventures.
3 min read · 05 November 2009
Zoom Media Corp., a New York-based provider of digital out-of-home media in health and fitness venues, has acquired Gym Screen Media, a rival company with 160 UK venues. No financial terms were disclosed. Zoom Media raised around $30 million earlier this year from ABS Capital Partners.
3 min read · 04 November 2009
GreatCall Inc., a Del Mar, Calif.-based provider of Jitterbug mobile phones and services for baby boomers and seniors, has acquired MobiWatch, a developer of mobile personal emergency response services. No financial terms were disclosed. GreatCall has raised over $78 million in VC funding, from firms like Court Square Ventures, Charles River Ventures, Nauta Capital, Steelpoint Capital Partners and Sumitomo Corp.
3 min read · 04 November 2009
iPipeline, an Exton, Pa.-based provider of on-demand sales distribution software for insurers and financial services firms, has acquired AgencyWorks, a Salt Lake City-based provider of agency management systems for the brokerage industry. No financial terms were disclosed. iPipeline recently raised $18 million in Series A funding from NewSpring Capital, Fidelity Ventures and company management.
3 min read · 03 November 2009
Noetix Corp., a Redmond, Wash.-based provider of software that automatically generates business intelligence from from enterprise applications, has acquired Jaros Technologies Corp., a Granite City, Ill.-based provider of business analytics. No financial terms were disclosed. Noetix has raised just over $20 million in VC funding from firms like Polaris Venture Partners and Sigma Partners.
3 min read · 30 October 2009
cVidya Networks, a Tel Aviv, Israel-based provider of telecom data integrity revenue assurance and dealer management systems, has agreed to acquire ECtel Ltd. (Nasdaq: ECTX), a Rosh Ha’ayin-based provider of provider of integrated revenue management solutions for communications service providers. The deal is valued at just under $21 million in cash. cVidya has raised around $22 million in VC funding, from firms like Battery Ventures, Carmel Ventures, Hyperion, Stage One and Star Ventures.
4 min read · 23 October 2009
