Deals of the Day
Reef Point Systems Inc., a Burlington, Mass.-based provider of gateway platforms and solutions for fixed-mobile convergence networks, has raised $25 million in its second round of funding since a 2005 venture recap. One Equity Partners led the deal, and was joined by return backers American Capital Strategies and JVP. www.reefpoint.com
Tribold, a London-based developer of product management software for communications service providers, has raised $15 million in Series B funding. Espirit Capital Partners was joined by return backer Eden Ventures. www.tribold.com
Serveron Corp., a Hillsboro, Ore.-based provider of technology and services to monitor electric utility assets, has raised $5 million. Return backers include El Dorado Ventures, Nth Power, Cascadia Pacific Management, Oregon Life Sciences, Perseus, Siemens Venture Capital and Ventures West. The company has raised around $48 million in total VC funding since its 1999 inception. www.serveron.com
Bulldog Solutions, an Austin, Texas-based provider of lead optimization and lead management services, has raised $5 million in VC funding from SSM Partners. www.bulldogsolutions.com
Fortress Technologies Inc., an Oldsmar, Fla.-based provider of wireless network security solutions, has raised $4.17 million in Series E funding led by Liberty Partners, according to a regulatory filing. The company previously had raised around $45 million in VC funding. www.fortresstech.com
Hellman & Friedman has agreed to acquire Kronos Inc. (Nasdaq: KRON), a Chelmsford, Mass.–based provider of human capital management solutions. The deal is valued at approximately $1.8 billion, with Kornos stockholders to receive $55 per share. JMI Equity will also participate on the equity tranche, while Jefferies Broadview is advising Kornos on the sale. www.kronos.com
Vertrue Inc. (Nasdaq: VTRU), a provider of Internet direct marketing services, has agreed to be acquired by One Equity Partners, Oak Investment Partners and Rho Ventures. The deal is valued at a total of $800 million, with Vertrue stockholders to receive $48.50 per share (21% premium to price prior to first media report of a possible buyout). Jefferies Broadview advised Vertrue on the deal, while the equity consortium will receive debt financing from Lehman Brothers and JPMorgan. www.vertrue.com
Limelight Networks Inc., a Tempe, Ariz.-based provider of a network for delivering live and on-demand digital media online, has filed for a $201.25 million IPO. It plans to trade on the Nasdaq under ticker symbol LLNW, with Goldman Sachs and Morgan Stanley serving as co-lead underwriters and Jefferies as senior co-manager. Limelight raised $130 million in VC funding last year from GS Capital Partners (45.3% pre-IPO stake) and Oak Investment Partners (9.2%). www.limelightnetworks.com
Netezza Corp., a Framingham, Mass.-based provider of enterprise-class data warehouse appliances, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol NTZA, with Credit Suisse and Morgan Stanley serving as co-lead underwriters. It has raised around $83 million in VC funding since its 2000 inception, from firms like Matrix Partners (20.75% pre-IPO stake), Charles River Ventures (19.59%), Battery Ventures (16.82%), Sequoia Capital (15.2%), Meritech Capital Partners (6.8%) and Orange Ventures. www.netezza.com
Hewlett-Packard (NYSE: HPQ) has agreed to acquire Tabblo Inc., a Cambridge, Mass.-based provider of photo sharing and printing solutions. No financial terms were disclosed for the deal, which is expected to close within the next few weeks. Tabblo was launched last year with venture funding from Matrix Partners. www.hp.com www.tabblo.com
