Private Equity
BroadSoft Inc., a Gaithersburg, Md.-based provider of VoIP application software to the telecom industry, has acquired Sylantro Systems Corp., a Campbell, Calif.-based provider of VoIP applications. No financial terms were disclosed. Broadsoft has raised around $76 million in total VC funding since 1998, from firms like Bessemer Venture Partners, Charles River Ventures, Columbia Capital, Crescendo Ventures, Grotech Capital Group, RRE Ventures and Meritech Capital Partners. Sylantro has raised over $116 million since 1998, from firms like Accel Partners, Mayfield Fund, Scale Venture Partners, Summerhill Venture Partners, Vanguard Ventures and Telesystem-Argo Global Capital.
3 min read · 30 December 2008
1 min read · 23 December 2008
2 min read · 22 December 2008
SynthaSite, a San Francisco-based developer of a Web 2.0 publishing platform, has agreed to acquire Clickpass, an OpenID provider that offers authentication gateway solutions. Synthasite has raised $5 million in VC funding from Columbus Venture Capital, while Clickpass was backed by Ycombinator.
2 min read · 19 December 2008
Axeda, a Foxboro, Mass.-based provider of on-demand remote service software, has acquired Questra Corp. of Redwood City, California. No financial terms were disclosed. JMI Equity formed Axeda in 2005 by acquiring the DRM business of ITA Holdings. Questra had raised over $52 million from Menlo Ventures, SAP Ventures and Trident Capital.
2 min read · 18 December 2008
Overture Networks Inc., a Morrisville, N.C.-based maker of high-speed networking equipment, has acquired Ceterus Networks, a Richardson, Texas-based provider of metro Ethernet transport solutions. No financial terms were disclosed. Overture has raised around $45 million in VC funding, from firms like Lehman Brothers Venture Partners and Intersouth Partners. Ceterus had raised over $63 million from firms like Intel Capital, Aldus Equity, Sevin Rosen Funds and Velocity Interactive Group (fka ComVentures).
3 min read · 17 December 2008
2080 Media Inc., an Atlanta-based company that helps customers produce and distribute untelevised live sporting events, has raised $3 million in Series A funding. Imlay Investments led the round, and was joined by Buckhead Investment Partners and Noro-Moseley Partners. The company also announced that it has acquired the assets of digital media company PlayON Sports from Turner Sports International Enterprises.
3 min read · 10 December 2008
Boundless Network Inc., an Austin, Texas-based promotional merchandising company, has acquired local rival Custom Solutions for an undisclosed amount. Boundless has raised around $8.5 million in VC funding from firms like Austin Ventures and Silverton Partners.
2 min read · 04 December 2008
The FeedRoom, a New York-based provider of online video solutions for media companies, has acquired ClearStory Systems, a provider of digital asset management software. No financial terms were disclosed. The FeedRoom has raised over $65 million in venture capital and debt financing, with current shareholders including BEV Capital, NewSpring Capital and Velocity Equity Partners. ClearStory had raised an undisclosed amount of capital from SCP Partners.
3 min read · 02 December 2008
IMImobile, a Hyderabad, India-based developer of wireless technology platforms and content aggregation services for mobile operators, has acquired dx3, a London-based provider of content delivery services. No financial terms were disclosed. IMImobile has raised $14 million from NewMedia Spark and FirstMark Capital, while dx3 had raised over $24 million in funding from NewMedia Spark in 2000.
3 min read · 21 November 2008
