Private Equity
iSoftStone Information Service Corp., a Beijing-based provider of IT consulting and software services, has agreed to acquire both Shenzhen Sidaronghe Co. Ltd. and the services & outsourcing unit of MDCL-Frontline. No financial terms were disclosed for either transaction. iSoftStone has raised VC funding from AsiaVest Partners, Infotech Ventures, Mitsui & Co. and Fidelity Asia Ventures.
3 min read · 18 March 2009
TechFlash has a great interview up right now with Dan'l Lewin, Microsoft's corporate vice president of strategic and business development, among whose chief responsibilities it is to identify which Silicon Valley startups Microsoft should acquire. The interview is wide-ranging, but the most provocative questions and answers center on how Microsoft is perceived today in the Valley as compared with Google. TechFlash: How would you describe the current state of Microsoft's relationship with Silicon Valley? Lewin: I think we have reasonably well acclimated and normalized our relationship, as any large company has a relationship with startups. Consistent, ongoing, basic interaction has been the operating premise for eight years. The routine is, we respond. So the relationship there is predictable.
2 min read · 13 March 2009
Adknowledge, a Kansas City-based provider of behavioral online advertising solutions, has acquired the Media division of MIVA Inc. No financial terms were disclosed. Adknowledge raised $48 million in funding in 2006 from Technology Crossover Ventures.
3 min read · 12 March 2009
Aleri Inc., a Chicago-based provider of complex event processing for the financial services market, has acquired Mountain View, Calif.-based rival Coral8. No financial terms were disclosed. Aleri has raised over 430 million in VC funding since 1999, from firms like Allegra Partners, Early Stage Enterprises and St. Paul Venture Capital.
4 min read · 10 March 2009
Seahorse Bioscience Inc., a North Billerica, Mass.-based maker of instruments and consumables for cell-based metabolic assays, has acquired BioProcessors Corp., a Woburn, Mass.–based maker of systems for optimizing biologic drug manufacturing. Seahorse also announced $6 million in new VC funding, from existing backers of both itself and BioProcessors. They include Commonwealth Capital, Oxford Bioscience, Flagship Ventures, Life Sciences Partners, FLIR Systems Inc, Healthcare Ventures, New Science Ventures and HLM Venture Partners.
3 min read · 10 March 2009
Teachscape, a New York-based provider of professional development services for educators, has acquired Edgenuity Inc., a Sunnyvale, Calif.–based provider of analytic solutions to school districts to improve achievement. No pricing details for the all-stock deal were disclosed. Teachscape has raised over $27 million in VC funding since 2000, from firms like Arcardia Partners, Sprout Group, Intel Capital, NewSchools Venture Fund, Quad Ventures and McGraw-Hill Ventures. Edgenuity had raised $5.6 million from Altos Ventures and Sigma Partners.
3 min read · 10 March 2009
Stardoll, a Sweden-based online entertainment site for young women, has merged with Piczo, a San Francisco-based social networking company focused on teenagers. No financial terms were disclosed. Stardoll has raised over $9 million in VC funding from firms like Index Ventures and Sequoia Capital, while Piczo had raised around $19 million from Catamount Ventures, Mangrove Capital Partners, Sierra Ventures and U.S. Venture Partners.
5 min read · 09 March 2009
Vitalize Consulting Solutions Inc., a Reading, Mass.-based provider of clinical, business and IT solutions for healthcare enterprises has acquired r3 Health Partners LLC, a Santa Ana, Calif.-based provider of IT consulting to healthcare organizations. No financial terms were disclosed. Vitalize is a portfolio company of SV Life Sciences and Ferrer Freeman & Co.
3 min read · 06 March 2009
Networks in Motion Inc., an Alisa Viejo, Calif.-based provider of wireless navigation solutions for GPS-enabled mobile phones, has acquired TrafficGauge, a Seattle-based provider of real-time traffic information. Networks in Motion has raised VC funding from Sutter Hill Ventures, Redpoint Ventures and Mission Ventures. TrafficGague was backed by Kirlan Venture Capital.
2 min read · 05 March 2009
ChanTest, a Cleveland-based provider of ion channel testing services and validated cell lines, has acquired Applied Cell Sciences, a Rockville, Md.-based contract research organization specializing in G-protein coupled receptors. No financial terms were disclosed. ChanTest has raised VC funding from Ampersand Ventures.
5 min read · 27 February 2009
