Private Equity
Versata Enterprises Inc., an enterprise software subsidiary of Trilogy Inc., has acquired Everest Software Inc., a Dulles, Va.-based provider of a business operating system for small and mid-sized businesses. No financial terms were disclosed. Everest Software has raised around $20 million in VC funding, from firms like Boulder Ventures, New Vantage Group, Updata Partners and Sierra Ventures.
4 min read · 09 August 2009
Arcion Therapeutics, a Baltimore-based biotech company focused on alleviating pain associated with diabetic neuropathy, has agreed to go public via a reverse merger with Anesiva Inc. (Nasdaq: ANSV). Simultaneously, the combined company plans to raise $20 million in new equity. Following the transaction, Arcion shareholders will hold a 64% stake. Arcion has raised over $17 million in VC funding from firms like CMEA Capital and InterWest Partners.
6 min read · 06 August 2009
WideOrbit Inc., a San Francisco-based provider of sales, traffic and billing software for the global media market, has acquired Google’s radio automation business, including Google Radio Automation, Maestro and SS32 automation products. No financial terms were disclosed. WideOrbit has raised around $40 million in VC funding, from firms like Mayfield, Khosla Ventures, Greycroft Partners and Hearst Ventures.
2 min read · 05 August 2009
Crossing Automation Inc., a Mountain View, Calif.-based wafer automation company, has agreed to acquire the the assets of Asyst Technologies' atmospheric technologies and IP. No financial terms were disclosed. Crossing Automation has raised around $6 million in additional VC funding from firms like Tallwood Venture Capital and Intel Capital. Asyst is a bankrupt company that had a $324 million take-private buyout offer in early 2008 from The gores Group and Aquest Systems.
3 min read · 04 August 2009
Telesphere, a Phoenix-based-based business phone and Internet services provider, has agreed to acquire Unity Business Networks, a provider of IP services in the Denver, Portland, Ore. and Minneapolis/St. Paul markets. No financial terms were disclosed. Telesphere has raised around $25 million in VC funding from firms like Rally Capital, Hawkeye Investments and Greenspun Corporation.
3 min read · 29 July 2009
1 min read · 27 July 2009
Razorsight Corp., a Fairfax, Va.-based provider of on-demand financial business intelligence for communications service providers, has acquired SingleTusk, a provider of transaction, usage and profitability analytics software. No financial terms were disclosed. Razorsight has raised over $20 million in VC funding from Sierra Ventures.
3 min read · 22 July 2009
Adknowledge, a Kansas City-based provider of behavioral online advertising solutions, has acquired the parent company of Super Rewards, a virtual currency monetization platform for online games and social network applications. No financial terms were disclosed, although VentureBeat puts the sale price at approximately $30 million. Adknowledge raised $48 million in funding in 2006 from Technology Crossover Ventures.
4 min read · 22 July 2009
Coradiant Inc., a San Diego-based provider of Web performance management solutions, has acquired the assets of Palo Alto-based competitor Symphoniq Corp. No financial terms were disclosed. Coradiant has raised around $55 million in VC funding from firms like Desjardins, DCM, GrandBanks Capital, Mesirow Financial Private Equity and Miramar Venture Partners. Symphoniq had raised around $12 million from Greylock Partners and InterWest Partners.
2 min read · 17 July 2009
Merck & Co. (NYSE: MRK) has bought exclusive rights from Portola Pharmaceuticals, to develop and commercialize an oral blood thinner, used to prevent strokes in patients suffering from atrial fibrillation. The deal includes a $50 million up-front payment, plus up to $420 million in milestone-based earnouts. It comes just months after Portola signed a similar deal with Novartis, for an anti-clotting agent, valued at up to $575 million. Portola has raised around $220 million in VC funding, from firms like Abingworth Management, Advanced Technology Ventures, AllianceBernstein, Alta Partners, Brookside Capital, CIDC Consulting, D.E. Shaw, Frazier Healthcare Ventures, Goldman Sachs, IBT Management Corp., MPM Capital, Prospect Venture Partners, Sutter Hill Ventures, Teachers' Private Capital, T. Rowe Price, Apothecary Capital, Janus Capital and PAC-Link BioVentures.
5 min read · 10 July 2009
