Private Equity
Alereon Inc., an Austin, Texas-based fabless semiconductor company developing ultrawideband wireless chipsets, has acquired certain wireless USB assets from Stonestreet One. No financial terms were disclosed. Alereon has raised over $40 million in VC funding from firms like Pharos Capital Partners, Austin Ventures, Centennial Capital Ventures, Duchossois Technology Ventures, PTV Sciences, eCentury Capital Partners and Genesis Campus.
2 min read · 04 November 2008
Portico Systems Inc., a Blue Bell, Pa.-based provider of software solutions for health insurance plans, has acquired Ethidium Health Systems, a provider of clinical quality and collaboration tools. No financial terms were disclosed. Portico has raised around $13.7 million in VC funding from Edison Venture Fund and Safeguard Scientifics.
2 min read · 30 October 2008
Biotie, a publicly-traded Finnish company, has agreed to acquire Elbion GmbH, a German drug company focused on neurology and immunology. No financial terms were disclosed. Elbion shareholders – including Burrill & Co., TVM Capital and AGF Private Equity – have agreed to buy approximately $4.2 million of new shares in Biotie as part of the deal, while Elbion will also receive around 46.8 million new Biotie shares. Elbion had raised around $62 million in VC funding.
4 min read · 27 October 2008
1 min read · 24 October 2008
Medrium Inc., a provider of Web-based practice management software for physicians, has acquired Wilmington Professional Associates Inc., a Delaware-based medical billing company. No financial terms were disclosed. Medrium recently raised $10.46 million in Series C funding from NGN Capital, Delta Opportunity Fund, Mosaix Ventures, Overbrook Fund, SIF Investment and Ticonderoga Capital. It also secured $12.5 million in venture debt from Orix Venture Finance.
3 min read · 24 October 2008
GlobalLogic Inc., a Vienna, Va.-based provider of outsourced software product engineering services, has acquired InterObject, an Israel-based software product engineering company. No financial terms were disclosed. GlobalLogic has raised nearly $50 million in VC funding from firms like Sequoia Capital India, New Atlantic Ventures and New Enterprise Associates.
4 min read · 22 October 2008
Austin Ventures has acquired three companies to launch Port Logistics Group, a Houston, Texas-based platform provider of warehousing, distribution and transportation services in U.S. port cities. No financial terms were disclosed. PLG will be led by Bob Stull, former president and CEO of trucking company Roadway Express.
3 min read · 22 October 2008
Webmedx Inc., an Atlanta-based provider of medical documentation services, has acquired Medical Transcription Education Center Inc., a Fairlawn, Ohio-based provider of distance learning and education programs for the medical transcription market. No financial terms were disclosed. Webmedx has raised nearly $40 million in total VC funding, with current shareholders including firms like Ferrer Freeman & Co.
3 min read · 17 October 2008
HealthCare.com, a Miami-based provider of an online directory of healthcare providers, has acquired BrokersWeb, a Redlands, Calif.-based provider of online advertising solutions for health insurance brokers and lead aggregators. No financial terms were disclosed. HealthCare.com has raised VC funding from firms like Monster Venture Partners.
3 min read · 17 October 2008
TargetSpot Inc., a New York-based provider of advertising solutions for streaming audio, has acquired competitor Ronning Lipset Radio. No financial terms were disclosed. TargetSpot has raised around $12 million in VC funding from firms like Bain Capital Ventures, Union Square Ventures, CBS Corp. and Milestone Venture Partners.
4 min read · 16 October 2008
