Archive for the 'General' Category

Deals of the Day

Posted in General, Internet, Digital Media & Software on March 30th, 2007 by daveliu

Penguin Computing, a San Francisco-based provider of Linux cluster virtualization, has raised $9 million in Series 2 funding. vSpring Capital led the deal, and was joined by return backers San Francisco Equity Partners, Weber Capital and Convergence Partners. www.penguincomputing.com  

Games2Win India, a Mumbai-based online gaming company, has raised around $5 million in Series A funding. Clearstone Venture Partners led the deal, and was joined by SVB Financial Group. www.games2win.com  

DotMobi, a Dublin, Ireland-based provider of Internet domain addresses for mobile phones, has raised an undisclosed amount of venture funding from Visa International. http://pc.mtld.mobi  

Broadcasting Media Partners has completed its $12.3 billion acquisition of Spanish-language broadcaster Univison Communications Inc. (NYSE: UVN). BMP consists of Haim Saban, Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group and Thomas H. Lee Partners. The deal received FCC clearance earlier this week. www.univision.com  

GSI Technology Inc., a Santa Clara, Calif.-based provider of static random access memory products for networking and telecom equipment, priced around 6.13 million common shares at $5.50 per share, for an IPO take of approximately $33.72 million. It had originally filed to price eight million shares at between $6.50 and $8 per share. It will trade on the Nasdaq under ticker symbol GSIT, while Needham & Co. and WR Hambrecht & Co. served as co-lead underwriters. Shareholders include Monet Capital. GSI had filed for a $103.5 million IPO in 2004, but withdrew its registration later that year. www.gsitechnology.com  

Network Communications Inc., a publisher of printed and online real estate information and advertising in North America , has acquired New England Home magazine. No financial terms were disclosed. Network Communications was acquired in January 2005 by Citigroup Venture Capital. www.nci.com  

Innova Capital and GTECH have agreed to sell PolCard SA, a Polish merchant acquirer and card issuer processor, to a unit of First Data Corp. (NYSE: FDC). The deal is valued at $325 million in cash. www.polcard.pl  

NTelos Holding Corp. (Nasdaq: NTLS), a Waynesboro, Va.-based provider of wireless and wireline communication services in Virginia and West Virginia, has priced a secondary offering of common stock being offered by Citigroup Venture Capital Equity Partners and Quadrangle Capital Partners. Eleven million shares priced at $18.25 per share, for a total take of $200.75 million. The firms also have granted underwriters Bear Stearns and Lehman Brothers an option to purchase up to an additional 1.65 million shares www.ntelos.com

Deals of the Day

Posted in General, Internet, Digital Media & Software on March 29th, 2007 by daveliu

Webjam, a London-based online content sharing startup, has raised £1 million in first-round funding from I-Source Gestion. www.webjam.com  

NeoSaej Corp., a Concord, Mass.-based provider of e-commerce infrastructure software, has secured $505,000 of a $1 million Series A round led by Stata Venture Partners, according to a regulatory filing. www.neosaej.com  

LitePoint Corp., a Sunnyvale, Calif.-based provider of wireless test solutions, has raised an undisclosed amount of venture capital funding from Sequoia Capital. www.litepoint.com  

Aurora Capital Group is nearing an agreement to acquire Mitchell International Inc. from Hellman & Friedman for more than $500 million. GE Pension Trust would participate alongside Aurora, while Goldman Sachs is arranging around $320 million in debt. Mitchell is a San Diego-based provider of insurance claims processing software, and was acquired by H&F in 2000. www.mitchell.com  

Investcorp Technology Partners has acquired UK-based online payment provider Moneybookers Ltd. The deal was valued at €105 million, with existing Moneybookers shareholders retaining a minority ownership position. LongAcre Partners advised Moneybookers on the deal. www.moneybookers.com  

Roark Capital Group has acquired a majority interest in CyberCore Technologies, a Baltimore, Md.-based provider of IT services to federal government like the Department of Homeland Security and the Defense Logistics Agency. No financial terms were disclosed. www.roarkcapital.com www.cybercoretech.com  

Cisco Systems Inc. (Nasdaq: CSCO) has agreed to acquire SpansLogic Inc., a Mountain View, Calif.-based fabless semiconductor company backed by Crescendo Ventures and ATA Ventures. No financial terms were disclosed. www.cisco.com www.spanslogic.com

Deals of the Day

Posted in General, Internet, Digital Media & Software on March 28th, 2007 by daveliu

Brash Entertainment LLC, an Atlanta-based video game startup, said that it is nearing a final close on more than $150 million in private equity funding. It also announced that it already has secured $6 million in initial funding, with a regulatory filing indicating that the money came in the form of convertible notes. Brash is run by former Massive Inc. execs Mitch Davis and Nicholas Longano, while initial backers include film producer Thomas Tull and former iXL Enterprises CFO Bert Ellis.

Coghead, a Mountain View, Calif.-based provider of a Web-based application creation and delivery platform, has raised $8 million in second-round funding. American Capital Strategies led the deal, and was joined by return backer El Dorado Ventures. www.coghead.com  

FastScale Technology Inc., a San Jose, Calif.-based provider of adaptive computing products, has raised $6.5 million in Series A funding. ATA Ventures led the deal, and was joined by Leapfrog Ventures and Hunt Ventures. www.fastscale.com  

Digital Fuel Technologies Inc., a San Mateo, Calif.-based provider of SLA and service-cost management solutions, has raised $5 million in Series CC funding, according to a regulatory filing. The company had previously raised $35 million since 2000, including a $20 million Series D round in early 2005. Listed shareholders include Apax Partners, Benchmark Capital, Israel Seed Partners and Sigma Partners. www.digitalfuel.com  

Sanovia Corp., a Philadelphia-based provider of technology and services to assist managed care organizations in managing their pharma costs, has raised $3 million in Series B funding from return backers HLM Venture Partners and Claritas Capital. It raised a $5 million Series A round in 2005. www.sanovia.com  

Fliptrack Inc., a Mountain View, Calif.-based online music video company, has raised around $1.53 million in Series A funding led by Mohr, Davidow Ventures. www.fliptrack.com

eTelecare Global Solutions Inc., a Philippines-based business process outsourcing company, priced 5.5 million American depository shares at $13.50 per share ($12.50-$14.50 range), for an IPO take of approximately $74.3 million. It will trade on the Nasdaq under ticker symbol ETL, whileMorgan Stanley served as lead underwriter. Shareholders include Electra Partners Mauritius, AIG Asian Opportunity Fund and Crimson Velocity Fund. www.etelecare.com  

Travelex, a UK-based currency exchange backed by Apax Partners, has acquired Washington, D.C.-based payment servicing company Ruesch International from Welsh Carson Anderson & Stowe. The deal was valued at $440 million. www.travelex.com www.ruesch.com  

Mobilelime Inc., a Watertown, Mass.-based provider of software that lets consumers to make purchases via mobile phones, has acquired Cuesol Inc., a Quincy, Mass.–based provider of interactive shopping, marketing and self-service solutions for grocers. No financial terms were disclosed. Mobilelime has raised around $15 million in VC funding from firms like Ignition Partners, Seapoint Ventures and Oak Investment Partners. www.mobilelime.com www.cuesol.com  

Best Buy Co. Inc. (NYSE: BBY) has agreed to acquire Speakeasy Inc., a Seattle-based provider of broadband voice, data and IT services. The deal is valued at approximately $97 million, which is around 1.2x Speakeasy’s 2006 revenue of $80 million. Speakeasy has raised around $55 million in VC funding since 2000, from firms like Granite Ventures, 3i Group, BV Capital, Intel Capital and TI Ventures. www.bestbuy.com www.speakeasy.com  

Optium Corp. (Nasdaq: OPTM), a Chalfont, Pa.-based maker of optical subsystems for use in telecom network systems, has agreed to acquire Kailight Photonics Inc., an Israel-based provider of 40Gb/s optical transmission products. The deal includes a $35 million up-front cash payment, plus a stock earnout of up to $5 million. Kailight has raised around $12.1 million in VC funding since 2001, from firms like Lucent Venture Partners, Hyperion Venture Partners, Ofer Brothers High-Tech Group, Peregrine Ventures and Yozma Venture Capital. www.optium.com www.kailight.com

Deals of the Day

Posted in General, Internet, Digital Media & Software on March 27th, 2007 by daveliu

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

Deals of the Day

Posted in General, Internet, Digital Media & Software on March 26th, 2007 by daveliu

AdMob, a San Mateo, Calif.-based mobile advertising marketplace, has raised $15 million in Series B funding. Accel Partners led the deal, and was joined by return backer Sequoia Capital. www.admob.com  

Tobii Technology, a Stockholm, Sweden-based provider of hardware and software solutions for eye tracking and eye control, has raised $14 million from Investor Growth Capital. www.tobii.com  

Marathon Technologies Corp., a Littleton, Mass.-based provider of virtualization software, has raised $12 million in Series B funding. Sierra Ventures led the deal, and was joined by return backers Atlas Venture and Longworth Venture Partners. www.marathontechnologies.com  

Xobni Corp., a San Francisco-based provider of email analytics software, has secured $1.5 million of a $4.26 million Series A round led by Khosla Ventures, according to a regulatory filing. The company was originally seeded by Paul Graham and Y Combinator. www.xobni.com  

Payoneer Inc., a New York-based provider of Web-based debit-card payment solutions, has raised $4 million in Series A funding. Greylock Partners led the deal, and was joined by seed backer Crossbar Capital and several individual angels. www.payoneer.com  

Apax Partners has agreed to acquire a 49.9% stake in UK car listings publisher Trader Media from Guardian Media Group for an enterprise value of £1.35 billion. Other bidders reportedly included The Blackstone Group and Cinven.

Spire Capital has acquired SalvageSale Inc., a Houston, Texas-based online marketplace and services provider for commercial insurance salvage and corporate end-of-life assets.The deal was done in partnership with company management, while sellers included Securitas Ventures, American Re and Merrill Lynch Ventures. Stifel Nicolaus served as financial advisor to SalvageSale. www.spirecapital.com www.salvagesale.com  

Comverge Inc., an East Hanover, N.J.-based provider of hardware and software to utilities, has set its IPO terms to around 4.89 million common shares being offered at between $15 and $17 per share. It plans to trade on the Nasdaq under ticker symbol COMV, with Citigroup serving as lead underwriter. The company has raised nearly $40 million in VC funding from firms like Nth Power, EnerTech Capital Partners, Rockport Capital Partners, Norsk Hydro Ventures, Ridgewood Capital, Easton Hunt, Data Systems & Software Inc., Air Products & Chemicals Inc. and Partners for Growth. www.comverge.com  

Deals of the Day

Posted in General, Internet, Digital Media & Software on March 23rd, 2007 by daveliu

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

Deals of the Day

Posted in General, Internet, Digital Media & Software on March 22nd, 2007 by daveliu

Glu Mobile Inc., a San Mateo, Calif.-based mobile game publisher, priced 7.3 million common shares for $11.50 per share ($10-$12 range), for an IPO take of approximately $84 million. The IPO gives Glu Mobile an initial market cap of around $327 million. It will trade on the Nasdaq under ticker symbol GLUU, while Goldman Sachs and Lehman Brothers served as co-lead underwriters. The company had raised around $57 million in VC funding since its 2001 inception as Sorrent, from firms like New Enterprise Associates, BA Venture Partners, Globespan Capital Partners, Granite Global Ventures and Sienna Ventures. http://www.glu.com/

Legend Silicon Corp., a fabless semiconductor company that manufactures the core IC for digital broadcasting and broadband transmission, has raised $40 million in Series D funding led by Intel Capital. Legend has offices in both Silicon Valley and China , with past funding from Intel, Motorola Ventures, SUNeVision Holdings, Tsinghua Tongfang Co. and Dragon Venture. http://www.legendsilicon.com/

ScanR Inc., a Palo Alto, Calif.-based company that enables camera phones and digital cameras to scan, copy and fax, has raised $8 million in Series B funding, according to a regulatory filing. Adobe Systems and JAIC American were joined by return backers Trinity Ventures and Thomvest International. http://www.scanr.com/

Azea Networks Ltd., a UK-based provider of optical networking solutions for submarines, has secured $6 million of a $15 million Series D round, according to a regulatory filing. TVM Capital and Lago Venture Fund were joined by return backers Accel Partners, Atlas Venture and Quester Management. http://www.azea.net/

Quantcast Corp., a San Francisco-based Internet ratings startup, has raised around $5.7 million in Series A funding, according to a regulatory filing. Backers include The Founders Fund and Revolution Capital. The company is run by former SearchSpace CEO Konrad Feldman. http://www.quantcast.com/

Teracent Inc., a Foster City, Calif.-based online advertising startup, has raised around $5 million in Series A funding led by New Enterprise Associates, according to a regulatory filing. http://www.teracent.com/

HipCricket, a Bellevue, Wash.-based mobile marketing firm, has raised $2 million in additional Series A funding. This brings the round total to $3 million, from Broadmark Capital and undisclosed angels. http://www.hipcricket.com/

Snowdon Inc., a New Brunswick, N.J.-based drug startup, has raised $500,000 from Foundation Venture Capital Group, a firm formed last year to support startups developing technology from the University of Medicine and Dentistry of New Jersey. http://www.snowdonpharma.com/

Kongregate, a San Francisco-based online gaming startup, has launched with an undisclosed amount of seed funding from angels like: Reid Hoffman, Joe Kraus, Jeff Clavier and Richard Wolpert. http://www.kongregate.com/

Bertelsmann is considering a bid for Thomson Corp. subsidiary Thomson Learning, according to The Financial Times. Such a deal could be valued at up to $5 billion. Bertelsmann might partially finance the deal via a €1 billion private equity platform in announced yesterday, in partnership with Citigroup Private Equity and Morgan Stanley Principal Investments. (Thomson Corp. is the parent company of PE Week Wire publisher Thomson Financial).

Guardian Media Group reportedly will receive three bids for Trader Media, which publishes auto classified magazine Auto Trader and related online products. The deal is expected to be worth between Gbp1 billion and Gbp1.5 billion, with suitors including The Blackstone Group, Apax Partners and Cinven. Candover initially expressed interest, but dropped out earlier this year.

Affiliated Computer Services Inc. (NYSE: ACS) has been hit with two shareholder lawsuits, related to its agreed-upon $6 billion buyout by Cerberus Capital Management and ACS founder and chairman Darwin Deason. The complaints argue that the company did not adequately search out the best possible price. http://www.acs-inc.com/

SouFun.com, a Chinese real estate website operator, is planning a $200 million IPO for later this year, according to a Dow Jones interview with company CEO Vincent Mo. The offering would be either in China or on the Nasdaq. Telstra Corp. of Australia holds a 51% ownership position in SouFun, while IDG Venture Capital holds a 14.7% stake. The remainder is held by Mo and company management.

Deals of the Day

Posted in General, Internet, Digital Media & Software on March 21st, 2007 by daveliu

CBS Corp. (NYSE: CBS) has acquired MaxPreps, a Cameron Park, Calif.–based provider of high school sports information and media services. No financial terms were disclosed. MaxPreps had raised around $12 million in VC funding from firms like Dolphin Equity Partners, BEV Capital and DFJ Frontier. Jefferies advised MaxPreps on the sale to CBS. www.cbs.com www.maxpreps.com

General Atlantic has completed its acquisition of a majority stake in AKQA Inc., a San Francisco-based interactive marketing company, from Francisco Partners. No financial terms were disclosed, although The Wall Street Journal had previously reported that the asking price had been between $200 million and $250 million. Jefferies provided the financing for the transaction. www.akqa.com  

Real D, a Los Angeles-based provider of 3-D technologies to movie theaters, has raised $50 million in private equity funding from the Shamrock Capital Growth Fund. No additional deal terms were disclosed. www.readd.com  www.shamrock.com

Integra Telecom Inc., a Portland, Ore.–based CLEC, has agreed to acquire Eschelon Telecom Inc. (Nasdaq: ESCH), a Minneapolis–based provider of integrated communications services to SMEs in the western United States . The offer is worth $30 per share, for a total equity value of around $566 million. Deutsche Bank Securities will help finance the deal via a senior credit facility. Integra shareholders include Nautic Partners, BA Capital Investors, Boston Ventures and GE Equity. Eschelon shareholders include Bain Capital and Wind Point Partners. www.integratelecom.com  www.eschelon.com  

Eyeblaster Inc., a New York-based provider of digital marketing services and technology, has raised $30 million in second-round funding. The deal was co-led by individuals Eli Barkat (managing director of BRM Capital), Jonathan Kolber and board member Guy Gamzu. Insight Venture Partners had led the company’s Series A round in 2003, but did not participate on this deal. It retains a minority position. www.eyeblaster.com  

Genband Inc., a Plano , Texas provider of VoIP infrastructure solutions, has raised around $15 million in Series C funding at a post-money valuation of around $130 million. Return backers include Sevin Rosen Funds, Venrock Associates, Oak Investment Partners, Granite Global Ventures, Alcatel, Siemens Venture Capital and Telesoft Partners. GenBand has raised over $205 million in total VC funding since its 1999 inception, including a VC recap in 2005. www.genband.com  

Oodle Inc., a San Mateo, Calif.-based provider of online search for local classifieds, has raised $11 million in second-round funding. Jafco Ventures was joined by return backers Greylock Partners and Redpoint Ventures. The company raised a $5 million Series A round last May. www.oodle.com  

Pulse Entertainment Inc., a San Francisco-based provider of digital media delivery solutions for Web and wireless platforms, has secured around $5.8 million of an $8.5 million Series 2 round. Return backers include Anthem Venture Partners and Draper Associates. Past backer Mobius Venture Capital is no longer a shareholder. Pulse has raised approximately $60 million in total VC funding since its 1994 inception. www.pulse3d.com  

LegalZoom.com Inc., a Los Angeles-based provider of online legal document preparation services, has raised an undisclosed amount of VC funding from Polaris Venture Partners. www.legalzoom.com  

Veronis Suhler Stevenson has acquired a control position in MediZine LLC, a publisher of health and fitness magazines like Healthy Living. No financial terms were disclosed. www.vss.com  www.medizine.com  

InnerWireless Inc. of Richardson, Texas and PanGo Networks Inc. of Framingham, Mass. have merged, in order to create a single provider of broadband coverage and real-time location systems. No financial terms were disclosed. InnerWireless has raised around $62 million in VC funding since 1998, from firms like Sevin Rosen Funds, Centennial Ventures, HO2 Partners, Johnson Controls Inc., Massey Burch Capital, Rho Ventures, StarTech Early Ventures and Technology Associates Management. PanGo has raised nearly $15 million since 2003, from firms like IDG Ventures Boston, Columbia Capital and Investcorp. www.innerwireless.com www.pangonetworks.com  

Wink, a Mountain View, Calif.-based provider of a people search engine for online profiles, has repurchased some of its stock from existing VC backers. Greylock Partners is among those that have reduced their stakes, but it remains the company’s largest outside shareholder. www.wink.com

Deals of the Day

Posted in General, Internet, Digital Media & Software on March 20th, 2007 by daveliu

Zopa Ltd., a London-based online marketplace for people to lend and borrow money, has raised $12.9 million in Series C funding. Bessemer Venture Partners led the deal, and was joined by fellow return backers Benchmark Capital and Wellington Partners. In other Zopa news, the company has named Douglas Dolton as its new CEO. He previously ran San Francisco-based student loan company Chela Education Financing, which was sold to Nelnet. www.zopa.com  

Cellufun LLC, a New York-based operator of an online community for mobile game distribution, has raised $3 million from Longworth Venture Partners. www.cellufun.com  

Prenova Inc., a Marietta, Ga.-based provider of energy management solutions, has raised $3 million in new VC funding from Siemens Venture Capital. The company has raised over $70 million in total venture capital since its 1997 inception. www.prenova.com  

Cerberus Capital Management has offered to acquire BPO and IT services provider Affiliated Computer Services Inc. (NYSE: ACS) for around $6 billion, according to The Wall Street Journal. Cerberus is being joined on the $59.25 per share bid by ACS founder Darwin Deason, who holds around 40% of ACS common stock and a control position over a second class of stock. www.acs-inc.com  

Take-Two Interactive Software Inc. (Nasdaq: TTWO), a video game maker known for its Grand Theft Auto series, delayed its shareholder meeting and said that it may put itself up for sale. The move comes after dissident shareholders – including SAC Capital and OppenheimerFunds – threatened to install their own management and board members. www.take2games.com  

The Active Network Inc., a San Diego–based marketing and consumer promotions agency, has acquired Thriva LLC, a Bothell, Wash.–based provider of online management software, online registration and payment processing for camps and event organizations. No financial terms were disclosed. The Active Network has raised over $70 million in VC funding since its 1998 inception, from firms like Austin Ventures, Kettle Partners, ABS Ventures, Canaan Partners, Charles River Ventures, DB Venture Partners, North Bridge Venture Partners, Enterprise Partners VC and Ticketmaster. www.theactivenetwork.com www.promote-it.com www.thriva.com  

iCrossing Inc., a Scottsdale, Ariz.-based digital marketing agency, has agreed to acquire Sharp Analytics, a Salt Lake City–based provider of business intelligence solutions for companies and their advertising agencies. No financial terms were disclosed. iCrossing has raised around $76 million in VC funding from such firms as Oak Investment Partners, RRE Ventures and StarVest Partners. www.icrossing.com www.sharpanalytics.com

Deals of the Day

Posted in General, Internet, Digital Media & Software on March 16th, 2007 by daveliu

Mobifusion, a Fremont, Calif.-based provider of mobile content applications for publishers, has raised $3.1 million in first-round funding. Participants included Ingram Digital Ventures, Emergic Ventures and Global Asia Partners and an undisclosed “major telecom company” in India. www.mobifusion.com

Trampoline Systems Ltd., a London-based “enterprise 2.0” software startup, has raised £3 million in new funding from entities affiliated with the Tudor Group. www.trampolinesystems.com

Axon Digital Design BV, a Dutch maker of broadcasting equipment, has raised an undisclosed amount of private funding from Potosi and Goldman Sachs. It also secured a new financing facility from Rabobank. www.axon.tv

Scholz & Friends Group, a German advertising and marketing agency, has agreed to acquire gkk DialogGroup, a Frankfurt-based provider of communications services. No financial terms were disclosed. Scholz & Friends is a portfolio company of Cognetas. www.s-f.com