Private Equity
Staccato Communications, a San Diego-based developer of ultrawideband and wireless USB communications components, has agreed to merger with Artimi Ltd., a Santa Clara, Calif.-based fabless semiconductor company developing single-chip solutions for high bandwidth wireless connectivity based on UWB. The deal is structured as a 50/50 stock swap, plus $20 million in a new round of equity funding from existing investors of both companies. Staccato had previously raised around $94 million from firms like Allegis Capital, Bay Partners, Charles River Ventures, Formative Ventures, Interwest Partners and Vision Capital. Artimi had raised over $50 million from Accel Partners, Amadeus Capital Partners, Index Ventures, Khosla Ventures, Oak Investment Partners and Bank of Scotland Growth Equity.
4 min read · 21 November 2008
WebVisible Inc., an Irvine, Calif.-based provider of online advertising search solutions for small businesses, has acquired Adapt Technologies Inc., a Pasadena, Calif.-based provider of applications for automating the management of search engine marketing campaigns. No financial terms were disclosed. WebVisible has raised $17 million in VC funding from Redpoint Ventures and Sutter Hill Ventures. Adapt Technologies had raised around $10 million from firms like Emergence Capital Partners and Mohr Davidow Ventures.
3 min read · 21 November 2008
Adconion Media Group, an online advertising network, has acquired KTV Digital Media (a.k.a. RedLever), a Santa Monica, Calif.-based production studio, content distribution network and operator of video destination sites. No financial terms were disclosed. Adconion earlier this year raised the equivalent of $80 million in Series C funding from Index Ventures and Wellington Partners.
3 min read · 20 November 2008
Archemix Corp., a Cambridge, Mass.-based developer of aptamer-based therapeutics, has agreed to go public via a reverse merger with NitroMed Inc. (Nasdaq: NTMD). Archemix shareholders will own 70% of the combined company, while NitroMed shareholders will hold the remainder. Archemix earlier this year withdrew an IPO offering, after having raised around $135 million in VC funding from firms like Atlas Venture (13.9% stake), Prospect Venture Partners (13.9%), Highland Capital Parnters (13.2%), SV Life Sciences (11.6%), KGaA (11.3%), Rho Ventures (9.6%) and Care Capital (5.3%).
9 min read · 19 November 2008
IBM has agreed to acquire Transitive Corp., a Los Gatos, Calif.-based developer of cross-platform virtualization solutions. No financial terms were disclosed. Transitive has raised over $37 million in VC funding since 2000, from firms like Crescendo Venture Management and Meritech Capital Partners.
2 min read · 19 November 2008
Boingo Wireless Inc., a Santa Monica, Calif.-based operator of Wi-Fi networks, has acquired Wi-Fi networks for the WSDOT ferries division (WSF) from Parsons Transportation Group. No financial terms were disclosed for the deal, which allows Boingo to add 11 ferry terminals and 15 ferries in Washington State to its national airport network. Boingo has raised over $63 million in VC funding from Mitsui & Co., New Enterprise Associates, Sternhill Partners, Evercore Partners, Steelpoint Capital and Red Rock Ventures.
3 min read · 18 November 2008
Novafora Inc., a Cupertino, Calif.–based maker of video processors, has agreed to acquire Transmeta Corp. for $255.6 million, or between $18.70 and $19 per outstanding share. Novafora has raised VC funding from Gemini Israel Funds and Vertex Venture Capital.
2 min read · 18 November 2008
Campus Management Corp., a provider of administrative and academic solutions to enhance institutional performance, has acquired the Talisma CRM business from nGenera Corp., an Austin, Texas-based provider of on-demand enterprise software No financial terms were disclosed. Campus Management is a portfolio company of Leeds Equity Partners. NGenera has raised over $70 million in VC funding, from firms like Foundation Capital, Hummer Winblad Venture Partners, Oak Investment Partners and Powershift Group. It acquired Talisma earlier this year for an undisclosed amount, from venture firms Oak Investment Partners, Madrona Venture Group, Seapoint Ventures, Cedar Grove Investments, Thomas Weisel Venture Partners and Carlyle Venture Partners.
2 min read · 14 November 2008
Mirapoint, a Sunnyvale, Calif.-based provider of secure messaging solutions, has acquired Intradyn, a provider of email archiving appliances. No financial terms were disclosed. Mirapoint has raised over $82 million in VC funding since 1998, from firms likeWorldview Technology Partners, Franklin Templeton and Goldman Sachs.
3 min read · 13 November 2008
Marshal8e6 has been formed via the merger of UK-based Marshal, a provider of email and Web content security solutions, and 8e6 Technologies, an Orange, Calif.-based provider of Web filtering appliances. Updata Partners sponsored the merger via a $10 million investment, according to VentureWire. Other merged company shareholders includeKelso Place Asset Management, Darwin Group, CX Ventures and Vora Venture.
3 min read · 13 November 2008
