Private Equity
GridPoint Inc., an Arlington, Va.-based smart-grid company, has acquired Lixar’s Ottawa-based energy management business. 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 · 30 June 2009
Fine Point Technologies Inc., a New York-based provider of tools for broadband network connectivity management, has acquired Pervenio Ltd., a Cork, Ireland-based maker of wireless device detection and management solutions for mobile communications providers. No financial terms were disclosed. Fine Point has raised VC funding from Edison Venture Fund.
3 min read · 24 June 2009
1 min read · 23 June 2009
3 min read · 23 June 2009
Veodia Inc., a San Mateo, Calif.-based provider of online video broadcasting solutions, has racquired ScreenToaster, a free browser-based service designed to capture screen activity along with audio for playback in flash players. No financial terms were disclosed. In 2007, Veodia raised an $8.3 million Series A round from Clearstone Venture Partners, D.E. Shaw and individual angels like iParadigms chairman Steven Berger.
3 min read · 19 June 2009
Adgregate Markets, a Sausalito, Calif.-based provider of transactional advertising technology, has acquired Gydget, a San Francisco-based social marketing platform. No financial terms were disclosed. Adgregate has raised around $2 million in VC funding from firms like Storm Ventures, while Gydget had raised around $1 million from SunBridge Partners and Felicis Ventures.
3 min read · 18 June 2009
Antenna Software, a Jersey City, N.J.-based provider of enterprise mobility solutions, has acquired Dexterra Inc., a Bothell, Wash.-based provider of mobile workforce and field service software. No financial terms were disclosed. Antenna Software has raised $53 million in VC funding since 2001, from firms like Commonwealth Capital Ventures, North Bridge Venture Partners and Polaris Venture Partners. Dexterra has raised over $100 million in VC funding since 2002, from firms like New Enterprise Associates, Canaan Partners, Intel Capital, Mesirow Financial, Motorola Ventures and Sigma Partners.
3 min read · 16 June 2009
Xenon Pharmaceuticals of Vancouver has signed a strategic partnership with Merck & Co., related to novel small molecule candidates for the potential treatment of cardiovascular disease. Under terms of the agreement, Xenon receives research funding and is eligible for up to $94.5 million for the first target and up to $89.5 million for subsequent targets. Xenon previously raised over $90 million from firms like Invesco, Roche and Takeda Research Investment.
2 min read · 12 June 2009
Galil Medical Ltd., an Israeli maker of cryotherapy systems for use in kidney and prostate cancer treatments, has sued Endocare Inc. (Nasdaq: ENDO), to enforce a merger agreement between the two companies that was announced last November. EndoCare allegedly terminated the agreement, claiming difficulty in receiving regulatory approval from the FTC. Under terms of the proposed deal, EndoCare stockholders would hold 52% of the combined company, while Galil shareholders would hold the remaining 48 percent. Galil Medical has raised over $60 million in VC funding from firms like Thomas, McNerney & Partners, The Vertical Group and Elron Electronic Industries Ltd.
3 min read · 12 June 2009
Echo Global Logistics Inc., a Chicago-based business process outsourcing company focused on transportation and logistics, has acquired Raytrans Distribution Services Inc., a transportation brokerage firm based in Matteson, Illinois. No financial terms were disclosed. Echo Logistics is in registration for a $100 million IPO, and had raised a $17.4 million venture round in 2006 led by New Enterprise Associates (15.4% pre-IPO ownership stake).
2 min read · 11 June 2009
