Deals of the Day
Aruba Networks Inc., a Sunnyvale, Calif.-based provider of wireless LAN technology, priced 8 million common shares at $11 per share (above $8-$10 range), for an IPO take of approximately $88 million. It will trade on the Nasdaq under ticker symbol ARUN, while Goldman Sachs and Lehman Brothers served as co-lead underwriters. Aruba had raised around $86 million in total VC funding from firms like Matrix Partners (20% post-IPO position), Sequoia Capital (18.2%), Trinity Ventures (13.6%), WK Technology Funds (6.8%) and Artis Capital Management. www.arubanetworks.com
Beyond.com, a King of Prussia , Pa.-based provider of online technology and career services, has raised $13.5 million in Series A funding from Safeguard Scientifics. It is the nine-year-old company’s first round of institutional funding. www.beyond.com
GoTV Networks Inc., a Sherman Oaks, Calif.–based made-for-mobile television provider, has raised $12 million in Series B funding from Motorola Ventures and Qualcomm Ventures, according to VentureWire. The company previously had raised over $17 million from Bessemer Venture Partners and Charles River Ventures. www.4gotv.com
ZenZui, a Microsoft spinout that will provide marketer-funded software on mobile devices, has raised around $12 million in Series A funding from Oak Investment Partners and Hunt Ventures. www.zenzui.com
Compliance 360 Inc., an Alpharetta, Ga.-based provider of enterprise compliance software, has secured $1.1 million of a $2.2 million Series B round led by Fulcrum Ventures, according to a regulatory filing. VentureWire reports that the complete round will close later this week. www.compliance360.com
Experteer, a Munich, Germany-based online job search site, has raised an undisclosed amount of new VC funding co-led by BV Capital and Wellington Partners. Return backer Holtzbrinck Ventures also participated. www.experteer.de
Verticals onDemand, a Pleasanton, Calif.-based provider of industry-specific CRM solutions delivered on the Salesforce platform, has raised an undisclosed amount of Series A funding from individual angels. www.verticalsondemand.com
TeraGo Networks Inc., a Toronto, Canada-based provider of fixed wireless broadband solutions, is considering an IPO that would raise between Cdn$30 million and Cdn$40 million, according to Dow Jones. VC backers include Dolphin Equity Partners, Dynamic Ventures Opportunities Fund, Growth Works and the Ontario Municipal Employees Retirement System. www.terago.ca
Finisar Corp. (Nasdaq: FNSR) has agreed to acquire Kodeos Communications Inc., a South Plainfield, N.J.-based provider of optical transponders and subsystems. The deal is valued at $7 million in cash, plus the possibility of up to $3.5 million in earnouts for Kodeos shareholders and employees. Kodeos had raised around $24 million in VC funding from firms like Highland Capital Partners and JVP through 2005, and last year added new shareholders based on its acquisition of Intersymbol Communications. Those firms include Champaign-Urbana Fund, CID Equity Partners, Intel Capital, Intersymbol Investment Fund, Open Prairie Ventures, Telecommunications Development Fund and Venture Investors LLC. www.finistar.com www.kodeos.com
Francisco Partners and Citicorp Venture Capital are selling a combined 17 million shares in mixed-signal semiconductor company AMIS Holdings Inc. (Nasdaq: AMIS). The secondary sale will decrease Francisco’s ownership position from 23.2% to 13.6%, and Citicorp’s position from 23.1% to 13.4 percent. www.amis.com
