daveliu.com Blog

January 11, 2007

Internet and Software Deals of the Day

Filed under: Digital New Media, Fundings, Software, US Internet — Dave @ 10:44 pm

eBay Inc. (Nasdaq: EBAY has agreed to acquire StubHub Inc., a San Francisco-based online marketplace for the resale of event tickets. The deal is valued at $310 million in cash, and is expected to close later this quarter. StubHub had raised around $19 million in VC funding since its 2000 inception, including a $2.5 million infusion in 2002 at a post-money valuation of approximately $15 million. Backers include Allen & Co., Staenberg Venture Partners and Blue Water Capital. www.ebay.com www.stubhub.comGeneral Atlantic, Goldman Sachs, the NYSE Group and the Softbank Asian Infrastructure Fund each have agreed to acquire a 5% stake in the National Stock Exchange of India. Sellers are IFCI , IL &FS, ICICI, PNB and GIC. No financial terms were disclosed.

Blurb, a Palo Alto, Calif.-based provider of book publishing services, has raised $2.5 million in debt financing from Hercules Technology Growth Capital. The company is backed by firms like anthem Venture Partners and Canaan Partners. www.blurb.com

ABRY Partners and The Thurston Group have acquired healthcare technology company Companion Technologies Corp. from BlueCross BlueShield of South Carolina. No financial terms were disclosed. www.SouthCarolinaBlues.com

U.S. Auto Parts Network Inc., a Carson, Calif.-based provider of aftermarket auto parts, has set its proposed IPO terms to 10 million common shares being offered between $10 and $12 per share. It plans to trade on the Nasdaq under ticker symbol PRTS, with RBC Capital Markets and Thomas Weisel Partners serving as co-lead underwriters. Oak Investment Partners holds a 30.4% pre-IPO stake. www.usautoparts.net  

Knology Inc. (Nasdaq: KNOL) has agreed to acquire PrairieWave Communications Inc., a Sioux Falls, S.D.-based provider of communications services in South Dakota, Minnesota and Iowa. The deal is valued at approximately $255 million, and is expected to close by June 30. PrairieWave is backed by Alta Communications and Banc of America Capital Investors. www.knology.com www.prairiewave.com

Divergent Capital Partners of Australia has sold its “significant” stake in Visean Information Services, a Houston, Texas-based data management software vendor to the upstream oil & gas industry, to global oilfield services company Weatherford International (NYSE: WFT). No financial terms were disclosed. http://www.divergent.com.au 

January 9, 2007

Internet and Software Deals of the Day

Filed under: Asia Internet, Digital New Media, Fundings, Software, US Internet — Dave @ 1:44 am

Corrigo Inc., a Wilsonville, Ore.-based provider of on-demand service management solutions, has acquired Aligo Inc., a San Francisco based provider of mobile field service and service management solutions. No financial terms were disclosed. Corrigo has raised over $41 million in VC funding since its 1999 inception, from firms like Asset Management Co., Sierra Ventures, Sycamore Ventures and Staenberg Venture Partners. has raised over $30 million in VC funding since its 1999 inception, from firms like Dolphin Equity Partners, Motorola Ventures, RBC Capital Partners and Thomas Weisel Venture Partners. http://www.corrigo.com/ http://www.aligo.com/Nimsoft, a Redwood City, Calif.-based provider of service-level management solutions, has raised $10.3 million from JMI Equity and Northzone Ventures. It is the company’s first round of institutional funding, despite having been founded in1998. http://www.nimsoft.com/

Enclarity Inc., an Aliso Viejo, Calif.-based information management and analytic software company focused on the healthcare market, has raised $10 million in Series B funding. Bain Capital Ventures led the deal, and was joined by return backer Ignition Partners. www.enclarity.com

Camiant Inc., a Marlborough, Mass.-based provider of policy servers for IP-based multimedia services, has raised $8.1 million in Series C funding from return backers like Matrix Partners and North Bridge Venture Partners. http://www.camaint.com/

Adventure Central, a Denver-based provider of online booking and travel inventory management services for adventure tour operators, has raised $3.5 million in Series B funding. Allegis Capital led the deal, and was joined by return backers Wolf Ventures and Advantage Capital Partners. http://www.adventurecentral.com/

Frantic Films, a Winnipeg, Canada-based visual effects, film and television production company, has raised Cnd$5 million in VC funding from Priveq Capital Funds. The proceeds will be used to fund the growth of all Frantic’s divisions through acquisitions and investment in current operations.

Mobango, a London-based operator of an online and mobile community for cell phone enthusiasts, has raised Euro 2 million in first-round funding from Doughty Hanson Technology Ventures. http://www.mobango.com/

Truphone, a London-based mobile VoIP startup, has raised Gbp12.5 million ($24.5m) in Series A funding. Wellington Partners led the deal, and was joined by Independent News & Media, Burda Digital Ventures and return backer Eden Ventures. http://www.truphone.com/

Discretix Technologies Ltd., an Israel-based provider of embedded security solutions for mobile devices and flash memory, has raised $20 million in third-round funding. Sequoia Capital led the deal, and was joined by return backers Accel Partners, Eurocom Group, Genesis Partners, Jerusalem Global Ventures, Shrem-Fudim-Kelner, Pitango Venture Capital and Poalim Capital Markets. www.discretix.com

Heavy Inc., a New York-based broadband entertainment company, has raised $20 million in Series E funding from Polaris Venture Partners. This space previously reported on a $12.8 million first close, based on a regulatory filing. http://www.heavy.com/

Ketera Technologies Inc., a Santa Clara, Calif.-based provider of on-demand spend management solutions, has raised $14 million in fifth-round funding. DAG Ventures led the deal, and was joined by Teachers’ Private Capital and return backers Concentric Equity Partners, Emergence Capital, Integral Capital, Foundation Capital Partners and Kleiner, Perkins Caulfield and Byers. Ketera has raised around $93 million in total VC funding. http://www.ketera.com/

OpenCloud Ltd., a Cambridge, UK-based provider of application servers to the telecom market, has raised $10.25 million in first-round funding from Advent Venture Partners, No 8 Ventures and Motorola Ventures. http://www.opencloud.com/

Brocade Communications Systems Inc. (Nasdaq: BRCD) has acquired Silverback Systems Inc., a Campbell, Calif.-based provider of network acceleration technologies. No financial terms were disclosed, except that Brocade said that the “cash purchase price is not material to Brocade.” Silverback has raised around $50 million in total VC funding since its 2000 inception, from firms like JPMorgan Partners, Pitango Venture Capital, China Development Industrial Bank, Gemini Capital, Intel Capital, Newbury Ventures, Network Appliance Corp. and US Trust Private Equity. http://www.brocade.com/  http://www.silverbacksystems.com/

Automated Trading Desk, a Mt. Pleasant , S.C.-based provider of electronic trade-execution services, has raised $60 million from Technology Crossover Ventures, in exchange for a minority ownership position. http://www.atdesk.com

Amobee Media Systems Inc., an Israel-based developer of ad-serving solutions for mobile operators, has raised between $15 million and $20 million in second-round funding, according to Globes Online. Globespan Capital Partners was joined by return backers Accel Partners and Sequoia Capital. www.amobee.com

BioPassword Inc., a Issaquah, Wash.–based provider of authentication and anti-fraud software, has raised $11 million in Series C funding. RRE Ventures was joined by return backers Citrix Systems, Ignition Partners and OVP Venture Partners. http://www.biopassword.com/

ChaCha, an Indianapolis-based search startup, has raised $6 million in first-round funding led by Bezos Expeditions, with additional participation from Rod Canion (founding CEO of Compaq) and Jack Gill (partner at Maven Ventures). http://www.chacha.com/

C-nario, a Tel Aviv, Israel-based provider of systems for digital signage networks, has raised $5 million in first-round funding led by Carmel Ventures. http://www.c-nario.com/

Digital Media Group Company Ltd., a Shanghai , China-based operator of digital media networks inside subway systems, has raised an undisclosed amount of Series B funding. Oak Investment Partners led the deal, and was joined by Sierra Ventures and return backers NIF SMBC Ventures and Gobi Partners. www.dmgtv.com

Wallstrip, a New York-based video-blog about the stock market, has raised over $500,000 in seed funding from angels like Fred Wilson, according to NewTeeVee

January 5, 2007

Internet and Software Deals of the Day

Filed under: Asia Internet, Digital New Media, Fundings, Software, US Internet — Dave @ 2:02 am

The New York Times Co. has agreed to sell its Broadcast Media Group to Oak Hill Capital Partners for $575 million. The group consists of nine network-affiliated television stations.

Retrevo Inc., a Sunnyvale, Calif.-based consumer electronics search engine, has raised $3.2 million in Series A funding. Norwest Venture Partners led the deal, and was joined by return backer Alloy Ventures. www.retrevo.com

MomJunction.com, a New York-based online community for mothers, has raised $1.5 million in first-round funding from company management and angels like Pat Croce. www.momjunction.com

Icarcos Inc., a developer of hardware and software that creates a geographical database, has sold a minority ownership stake of Athlone Global Security, a private equity firm focused on Israeli homeland security companies. Icaros is based in Maryland, but has R&D facilities in Israel. No financial terms were disclosed. www.athloneglobalsecurity.com

VMIX Media Inc., a San Diego-based online media platform, has raised an undisclosed amount of Series B funding from return backers Mission Ventures and Enterprise Partners. It had raised $5 million in Series A funding in early 2005. www.vmix.com

Goldman Sachs and CanWest Global Communication plan to offer up to Cdn$2.5 billion for Canadian media company Alliance Atlantic Communications Inc., according to The Globe and Mail.

Cisco (Nasdaq: CSCO) has agreed to acquire IronPort Systems Inc., a San Bruno, Calif.-based provider of messaging security appliances, for $830 million in cash and stock. IronPort has raised around $94.4 million in total VC funding since its 2000 inception, from firms like Allegis Capital, Menlo Ventures, Amicus LLC, ChevronTexaco, General Motors, New Enterprise Associates, Rembrandt Venture Partners, Starter Fluid and Western Technology Investment. www.cisco.com www.ironport.com

vJive, a Mumbai, India-based broadband out-of-home media & digital signage network, has closed the initial tranche of a $22.6 million venture funding round led by Matrix Partners India. www.vjive.net

InvenSense Inc., a Santa Clara, Calif.-based provider of motion sensing solutions for mobile and consumer applications, has raised $11 million in Series B funding. Qualcomm Ventures was joined by return backers Artiman Ventures and Partech International. www.invensense.com

Mochila, an online content marketplace, has raised $8 million in new venture capital funding. Charles River Ventures led the deal, and was joined by return backers Mission Ventures, The Greenspun Corp. and Jerry Colonna. www.mochila.com

Next New Networks, a New York-based operator of micro television networks over the Internet, has raised $8 million in Series A funding from Spark Capital. The company is run by co-founder Herb Scannell, former vice chairman of MTV Networks and president of Nickelodeon. www.NextNewNetworks.com

Macrovision Corp. (Nasdaq: MVSN) has acquired Mediabolic Inc., a San Mateo, Calif.–based provider of software solutions for connected consumer electronics devices. The deal is valued at approximately $43.5 million in cash. Mediabolic shareholders include Aurora Ventures, Intel Capital, Spinnaker Ventures and AsiaTech Management. www.macrovision.com www.mediabolic.com

NextWave Wireless Inc. (Nasdaq: WAVEV) has agreed to acquire GO Networks Inc., a Mountain View, Calif.-based developer of mobile Wi-Fi network solutions for service providers looking to deploy on campuses and in municipalities. The deal includes an initial cash payment of $13.3 million, plus up to $25.7 million in possible earnouts that would be paid in NextWave common stock. NextWave also will assume around $7.46 million in existing GO Networks obligations. GO Networks raised a $20 million Series A round in late 2004 at a post-money valuation of approximately $40 million. Backers include Accel Partners, Apax Partners, Israel Seed Partners and Pitango Venture Capital. www.nextwave.com www.go80211.com

Apriori Technologies Inc., a Concord, Mass.-based provider of cost management software for the discrete manufacturing industry, has raised $11.18 million in Series B funding, according to a regulatory filing. Return backers include Bain Capital Ventures and Sigma Partners. www.apriori.com

TutorVista, a San Francisaco-based provider of online tutoring and test preparation, has raised $10.75 million in Series B funding. Lightspeed Venture Partners led the deal with a $7 million contribution, while return backers included Sequoia Capital India and Silicon Valley Bank. www.tutorvista.com

Amazon.com has invested $10 million into Wikia Inc., the for-profit wiki site founded by Wikipedia founder Jimmy Wales. News of the deal was first reported last month, but the actual dollar amount had been kept confidential. Wikia previously had raised $4 million in Series A funding earlier from Bessemer Venture Partners, Omidyar Network and individual investors like Marc Andreessen, Josh Kopelman, Joichi Ito, Mitch Kapor and Ron Conway. www.amazon.com www.wikia.com

Newmerix Corp., a Superior, Colo.-based provider of automated testing and change management software for packaged applications, has raised $7 million in third-round funding. Return backers include Mobius Venture Capital, Siemens Venture Capital and IDG Ventures. www.newmerix.com

DefenSoft Planning Systems, an Israel-based developer of software solutions for planning defense and security systems, has sold a 15% ownership stake to private equity firm Athlone Global Security Inc. The deal also includes an option whereby Athlone could acquire an additional 5 percent. www.defensoft.com www.athloneglobalsecurity.com

DTN Information Services, an Omaha, Neb.-based provider of information services for the agricultural and energy markets, has acquired The Progressive Farmer magazine from Time Inc. No financial terms were disclosed. DTN is a portfolio company of Veronis Suhler Stevenson. www.dtn.com

Hanley Wood Inc., a Washington, D.C.–based B2B media company serving the residential and commercial construction markets, has acquired PRO AV magazine from Ascend Media. No financial terms were disclosed. Hanley Wood is owned by CCMP Capital (f.k.a. JPMorgan Partners), while Ascend Media is backed by CCMP and Veronis Suhler Stevenson. www.hanley-wood.com www.proavmagazine.com

Amdocs (NYSE: DOX) has agreed to acquire SigValue Technologies Inc., an Israel–based provider of real-time billing and network solutions that support converged prepaid and postpaid voice, messaging and data/content services. Amdocs already owns a 14% stake, and will pay approximately $54 million in cash for the remaining 86 percent. Other SigValue shareholders include Holland Ventures and AIG Orion Venture Capital. www.amdocs.com www.sigvalue.com

Browster Inc., a San Francisco-based provider of a browser preview plug-in, is shutting down, according to GigaOm. Company shareholders included Advanced Technology Ventures, First Round Capital, Vanguard Ventures, John Zeisler (Gabriel Venture Partners), Robert Simon (Alta Partners), Rick Magnuson (former Menlo Ventures partner) and Ken Sawyer (Saints VC).

Digg, a San Francisco-based news website that lets users rank stories, has raised $8.5 million in new VC funding from return backers Greylock Partners and Omidyar Network. The news was first reported last week by VentureWire. www.digg.com

CorasWorks Inc., a Reston, Va.-based provider of workplace application software on the Microsoft SharePoint platform, has raised $4 million in second-round funding from Edison.

Minekey Inc., a Sunnyvale, Calif.-based developer of Internet-based personalization and recommendation services, has secured $600,000 of a $3 million Series A round led by New Enterprise Associates, according to a regulatory filing. http://blog.minekey.com

Omneon Video Networks Inc., a Sunnyvale, Calif.-based provider of digital content storage and processing systems for media companies, has filed for a $115 million IPO. It plans to trade on the Nasdaq under ticker symbol OMNE, with JPMorgan serving as sole bookrunner. Shareholders include Norwest Venture Partners, Accel Partners, Advanced Technology Ventures, Invesco Private Capital, Meritech Capital Partners and Lucent Ventures. www.omneon.com

December 29, 2006

Internet and Software Deals of the Day

Filed under: Asia Internet, Digital New Media, Fundings, US Internet — Dave @ 10:02 am

Google Inc. plans to invest in Shenzhen Xunlei Network Technology Ltd, developer of systems that let Web surfers download videos, according to Industry Updates. Backers of the company include IDG Venture Capital and Morningside Asia Advisory Ltd. Google earlier this year made a big splash in online video with its $1.65 billion purchase of Youtube.com. Shenzhen Xunlei is based in Shenzhen, in southern China. www.google.com

Avista Capital Partners has inked a definitive agreement to acquire the publisher of the Star Tribune newspaper in Minneapolis/St. Paul from The McClatchy Company (NYSE: MNI) for $530 million. The Star Tribune has a daily circulation of more than 360,000 and a Sunday circulation of about 600,000, making them the 14th largest daily paper and the 10th largest Sunday paper in the United States . The senior management team already in place will continue to run the company. The deal is the splashiest to date for Avista Capital, whose founders spun out of DLJ Merchant Banking Partners to launch their own shop in 2005. Following its acquisition of Knight Ridder earlier this year, McClatchy has been selling off newspapers in markets not growing as fast as it would like. www.startribune.com www.avistacap.com

vJive has secured a $22.6 million commitment from Matrix Partners India to install digital video screens in stores and other locations across India , according to Business Standard. Matrix Partners India has invested $4.5 million of that sum so far. The company is currently installing some 2,000 screens, used to display advertising and promotions, and plans to have up to 100,000 deployed by 2010, according to Rajesh Jog, co-founder and CEO. Avnish Bajaj, managing director at Matrix Partners India, is joining the board of vJive parent Digital Music India . www.vjive.net

Online shopping software developer Venda has secured $20 million from an investor group led by Investor Growth Capital, the venture capital division of Swedish investment firm Investor, according to The Sunday Times. The deal values Venda at $100 million pre-money; ICG’s Noah Walley and Phil Dur are joining Venda ’s board. Customers pay Venda a flat monthly fee to use its off-the-shelf shopping Web sites. www.venda.com

Harmony Information Systems, provider of case management software to human resources executives, has lined up $7.5 million in a first-round of institutional financing from JMI Equity and Updata Partners. The money will be earmarked for product development and marketing. Brad Woloson, a general partner at JMI, and Tim Meyers, a general partner at Updata, are taking seats on Harmony’s board of directors. Founded in 1998, Harmony is based in Reston , Va. www.harmonyis.com

Netage Capital Partners Inc., a Japanese venture capital firm, has spent $1.5 million to acquire a 40 percent stake in an Internet start-up business launched by Swiss telecom company Swisscom, according to the Jiji Press English News Service. The company, coComment, lets customers keep track of the comments they post on different Web sites. www.cocomment.com

December 23, 2006

Internet and Software Deals of the Day

Filed under: Asia Internet, Digital New Media, Fundings, Software, US Internet — Dave @ 12:36 am

LinkedIn, a Palo Alto, Calif.-based business networking site, is nearing a $13 million VC infusion that would value the company at around $250 million, according to MarketWatch. www.linkedin.com

Heavy Inc., a New York-based broadband entertainment company, has raised $12.8 million in Series E funding, according to a regulatory filing. Company backers include Polaris Venture Partners and Jacobson Investments. www.heavy.com

Reevoo, a UK-based online customer review aggregator, has raised Gbp2.5 million in Series A funding led by Eden Ventures. www.reevoo.com

Innovawave Inc., a Round Rock, Texas-based provider of virtualization performance and efficiency management software, has raised $2 million in Series A funding led by Silverton Partners, according to a regulatory filing.

CoComment, a Swiss blog comment tracking service, has raised $1.5 million from Netage Capital Partners, according to Alarm Clock Euro. www.cocomment.com

December 21, 2006

Internet and Software Deals of the Day

Filed under: Asia Internet, Digital New Media, Fundings, Software, US Internet — Dave @ 12:11 am

iLike.com, a Seattle-based social music directory service, has raised $13.3 million in strategic funding from Ticketmaster, in exchange for a 25% ownership position. Existing iLike shareholders include Khosla Ventures and Bob Pittman. www.ilike.com

Spock Networks Inc., a Menlo Park, Calif.-based people search engine operator, has raised $7 million in Series A funding from Clearstone Venture Partners and Opus Capital Ventures. www.spock.com

ExpoTV, a New York-based video provider of consumer-generated product reviews, has raised $6 million in Series A funding co-led by Masthead Venture Partners and Prism VentureWorks. www.expoTV.com

TutorVista Global, a Bangalore, India-based online educational tutoring company, has raised $3 million in additional funding from return backer Sequoia Capital India, according to The Economic Times.

Home Decor Products Inc., an Edison, N.J.?based online retailer of kitchen and bath products, has raised $65 million in third-round funding. 3i Group led the deal, and was joined by Liberty Associated Partners and Comcast Interactive Capital. RBC Capital Markets served as exclusive placement agent for Home Decor. www.homedecorproducts.com

Shanghai SmartPay Jieyin Ltd. (”SmartPay”), a China-based provider of electronic payment services, has raised $10 million in Series B funding. Return backers include RRE Ventures, Evolution Capital and Lunar Group Capital. http://smartpay.com/cn

Local Marketers Inc., a Seattle-based online advertising startup, has raised $600,000 in Series A funding led by Madrona Venture Group, according to a regulatory filing. www.madrona.com

CZen Inc., a Waltham, Mass.-based Internet startup, has raised $3.5 million in Series A funding led by Matrix Partners, according to a regulatory filing. The company is run by Sheila Marcelo, former vice president and general manager with Matrix portfolio company TheLadders.com and, before that, vice president of marketing for uPromise.

Attributor, a Redwood City, Calif.-based provider of online content licensing technology, said that it has raised more than $10 million over two rounds of funding from Sigma Partners, Selby Venture Partners, Draper Richards, First Round Capital and Amicus Capital. www.attributor.com

inQ Inc., an Agoura Hills, Calif.?based provider of outsourced online live chat sales solutions, has raised $7.75 million in Series C funding. Partech International and Emergence Capital were joined by return backers Dolphin Equity Partners, Hudson Ventures and Vertrue. www.inq.com

PixSense, a Santa Clara, Calif.-based provider of mobile photo and video management solutions, has raised $5.4 million in Series A funding co-led by ATA Ventures and Innovacom. www.pixsense.com

StarNet Interactive Inc., operator of tween girl community websites like KiddoNet, has raised $2.7 million in Series A funding led by Leo Capital. The deal follows StarNet’s spinout from Gteko Ltd., which recently was acquired by Microsoft. www.kiddonet.com

Double Fusion Inc., a San Francisco-based in-game advertising network and technology provider, has raised $26 million in third-round funding. Norwest Venture Partners led the deal, and was joined by return backers Accel Partners and Jerusalem Venture Partners. Strategic participants included Time Warner, Hearst Corporation, IDG Ventures Pacific and Sedona Capital. www.doublefusion.com

RemoteReality Corp., a Westborough, Mass.-based provider of intelligent omni video systems, has raised $7.3 million in Series A funding. Batelle Ventures and Chart Venture Partners co-led the deal, and were joined by Battelle affiliate fund Innovation Valley Partners. www.remoterealty.com

Solid Information Technology Ltd., a Cupertino, Calif.-based provider of a distributed data management platform, has raised Euro 4 million in new VC funding from existing shareholders Apax Partners and CapMan. www.solidtech.com

SunGard has acquired Chinese financial services software company Shanghai Fudan Kingstar Computer Co. for an undisclosed amount. SunGard was acquired last year in a public-to-private buyout by Silver Lake Partners, AlpInvest, Bain Capital, Blackstone Group, Goldman Sachs, HarbourVest Partners, KKR, Providence Equity Partners and Texas Pacific Group. www.sungard.com

December 15, 2006

Internet and Software Deals of the Day

Filed under: Asia Internet, Digital New Media, Fundings, Software, US Internet — Dave @ 7:41 pm

Seven Networks Inc., a Redwood City , Calif.- based mobile email company, has raised $42 million in new venture capital funding. It is unclear if this includes a $29.5 million Series D infusion that PE Week Wire reported on earlier this year, based on a regulatory filing. Backers include Ignition Partners, Greylock, Softbank Asia and Elm Ridge Capital Partners. In other Seven news, the company named former Onebox.com CEO Russ Bott as its new CEO. http://www.seven.com/

MakeMyTrip.com, an Indian travel portal, has raised $13 million in second-round funding, according to The Economic Times. Helion Ventures and Sierra Ventures were joined by return backer Softbank Asia Infrastructure Fund. http://www.makemytrip.com/

Jaxtr, a Palo Alto, Calif.–based VoIP startup, has raised around $1 million in seed funding from The Founders Fund, Mayfield, Reid Hoffman and Draper Richards. http://www.jaxtr.com/

Double-Take Software Inc., a Southborough, Mass.-based provider of software for reducing downtime of business-critical systems, priced 7.5 million common shares at $11 per share ($9-$11 forecast), for an IPO take of approximately $82.5 million. It will trade on the Nasdaq under ticker symbol DBTK, while Cowen & Co. and Thomas Weisel Partners served as co-lead underwriters. Shareholders include ABS Capital Partners, J&W Seligman & Co. and Lake Street Capital. http://www.nsisoftware.com/

Isilon Systems Inc., a Seattle-based provider of clustered storage solutions, priced 8.35 million common shares at $13 per share, ($8.50-$9.50 forecast), for an IPO take of apperoximately $108.6 million. It will trade on the Nasdaq under ticker symbol ISLN, while Morgan Stanley and Merrill Lynch served as co-lead underwriters. The company had raised nearly $70 million in total VC funding since its 2001 inception, from firms like Atlas Venture, Madrona Venture Group, Sequoia Capital and Lehman Brothers. http://www.isilon.com/

Glam Media Inc., a Brisbane, Calif.-based operator of a women’s fashion content and retail website, has raised $18.5 million in Series C funding, according to VentureWire. DAG Ventures led the deal, and was joined by return backers Accel Partners, Draper Fisher Jurvetson, Information Capital and WaldenVC. http://www.glam.com/

Mercado Software Inc., a Pleasanton, Calif.-based provider of e-commerce search, navigation, and merchandising solutions, has raised $11.5 million in new funding. The Challenge Fund ( Israel ) and Consensus Group ( UK ) co-led the deal, and were joined by return backers Pitango Venture Capital, Eucalyptus, Star Ventures and Valley Venture Capital (f.k.a. Mofet). The deal includes a credit line from Lighthouse Capital Partners. The company has now raised over $70 million in total private funding. http://www.mercado.com/

Great Hill Partners has agreed to acquire a minority interest in Freightquote Inc., a Lenexa, Kan.-based provider of freight transportation information, according to VentureWire and a Federal Trade Commission report. Freightquote has raised around $45 million in VC funding since its 1998 inception, from firms like Menlo Ventures and Morgan Stanley Venture Partners. It also recently had a lawsuit dismissed with prejudice, which it had filed against the Department of Homeland Security.

Venda Ltd., a London-based provider of managed ecommerce and CRM solutions, has raised $20 million in Series A funding. Investor Growth Capital led the deal, and was joined by returning seed backer GF Private Equity Group. http://www.venda.com/

Scanbuy Inc., a New York-based provider of wireless commerce solutions, has raised $9 million in Series B funding from firms like Longworth Venture Partners, Masthead Venture Partners and Hudson Venture Partners. The company also named Jonathan Bulkeley, former CEO of BarnesandNoble.com, as its new CEO. http://www.scanbuy.com/

TrialPay Inc., a San Jose, Calif.-based developer of a payment platform that allows a company’s customers to access premium content and services by participating in relevant offers, has raised $3.1 million in Series A funding led by Battery Ventures, according to a regulatory filing. http://www.trialpay.com/

iPay Technologies, an Elizabethtown, Ky.–based provider of Internet bill payment services to community financial institutions, has completed a recapitalization co-sponsored by Spectrum Equity Investors and Bain Capital Ventures. No financial terms were disclosed. William Blair & Co. advised iPay on the deal, while leveraged financing was provided by CIT Lending Services. http://www.ipaymybills.com/

VCG Inc., a Roswell, Ga.-based provider of staffing software, has completed a $17.55 million recapitalization, according to a regulatory filing. Remaining shareholders include Jefferson Capital Partners, C&B Capital and Equity South Partners. http://www.vcgsoftware.com/

DemandTec Inc., a San Carlos, Calif.-based provider of consumer-centric merchandising software, has acquired TradePoint Solutions Inc., a Pleasanton, Calif.-based provider of online deal management software linking manufacturers, sales agencies and retailers on one platform. No financial terms were disclosed. DemandTec has raised around $50 million in total VC funding since 1999 — including a 2003 infusion at a $166.8 million post-money valuation – from firms like Altos Ventures, Athena Technology Ventures, Cargill Ventures and Crosspoint Venture Partners. http://www.demandtec.com/

Primavera Systems Inc., a Bala Cynwyd, Pa.-based provider of project and portfolio management software, has acquired two companies: ProSight Inc., a Portland, Ore.-based provider of portfolio analysis solutions, and Pertmaster Ltd., a UK-based risk analysis and mitigation solutions company. No financial terms were disclosed. Francisco Partners and Insight Venture Partners acquired a majority stake in Primavera earlier this year, while ProSight has raised VC funding from such firms as BRM Capital, Genesis Partners, Giza Venture Capital, Prism Capital and Sequoia Capital. http://www.primavera.com/

Silver Lake Partners and Texas Pacific Group have agreed to acquire travel reservations company Sabre Holdings (NYSE: TSG) for $4.3 billion, according to The New York Times. Sabre shareholders will receive $32 per share, or a 15% premium over the company’s share price prior to news reports of an impending deal. And announcement is expected to come later today. http://www.sabre.com/

Marquee Inc. (f.k.a. Vvond), a Santa Clara, Calif.-based developer of software for secure on-demand access to a large movie library, has raised $15 million in Series B funding, according to a regulatory filing. Benchmark Capital was joined by return backer Greylock Partners. http://www.vvond.com/

Red 5 Studios, an Aliso Viejo, Calif.-based online game development studio, has raised $18.5 million in Series A funding co-led by Benchmark Capital and Sierra Ventures. Red 5 management includes World of Warcraft co-creators like Mark Kern. http://www.red5studios.com/

Yoqoo.com, a Beijing-based online video sharing and distribution platform, has raised $12 million in venture capital funding from Sutter Hill Ventures, Farallon Capital and Chengwei Ventures. The company will officially launch on December 21. http://www.yoqoo.com/

Untangle Inc. (f.k.a. Metavize), a San Mateo, Calif.-based provider of enterprise network security and management software, has raised $10.5 million in Series A funding from firms like CMEA Ventures and Rustic Canyon Partners. http://www.untangle.com/

Kidaro, a provider of virtual desktop computing for the enterprise, has raised $10 million. Opus Capital led the deal, and was joined by return backers Genesis Partners and Storm Ventures. Kidaro has offices in both New York and Israel . http://www.kidaro.com/

ClearTrip Travel Services, a Mumbai, India-based travel website operator, has raised $8 million in Series B funding, according to VentureWire. DAG Ventures led the deal, and was joined by return backer Sherpalo Ventures. No word on if existing ClearTrip shareholder Kleiner Perkins also participated. http://www.cleartrip.com/

Oversi, an Israel-based provider of P2P content delivery solutions, has raised $6 million in second-round funding. Carmel Ventures led the deal, and was joined by return backers StageOne Ventures, Lab-One Innovations and TempoPark Fund. http://www.oversi.com/

Insider Guides Inc., a New Hope, Pa.-based social networking startup, has raised $4.1 million in Series A funding led by U.S. Venture Partners, according to a regulatory filing.

Accelergy Corp., a Palo Alto, Calif.-based R&D company focused on high-throughput solutions for accelerated discovery, development and commercialization of advanced catalytic materials, has raised $25 million in Series B funding. Goldman Sachs led the round, and was joined by Sequoia Capital China, Lux Capital and return backers Nth Power, Technology Partners, Mobius Venture Capital and Advent International. http://www.accelergy.com/

WestView Capital Partners has sponsored a recapitalization of TriTech Software Systems, a San Diego-based provider of public safety software solutions. No financial terms were disclosed. TriTech founder and CEO Chris Maloney will continue to be majority shareholder, while WestView will hold a minority ownership position. http://www.wvcapital.com/ http://www.tritech.com/

Local Insight Media LLC, a provider of print directories and Internet-based local search services in Alaska and the Caribbean , has agreed to merge with CBD Media LLC, a publisher of the Cincinnati Bell-branded yellow pages. The deal will result in Local Insight owner Welsh, Carson, Anderson & Stowe owning a majority of the combined company, with CBD backer Spectrum Equity Investors retaining a “substantial minority stake.” No financial terms were disclosed, except that the combined company will have consolidated annual revenues of approximately $200 million.

I4 Commerce Inc., a Timonium, Md.-based provider of merchant payment solutions for multi-channel retailers, has secured $640 million in corporate debt financing from Citigroup. The funds will be used to support growth of the company’s consumer loan portfolio, and for working capital. I4 Commerce has raised over $130 million in VC funding from firms like Azure Capital Partners, Crosspoint Venture Partners, First Data Corp., Citigroup, GRP Partners and WGM Technology Ventures. http://www.i4commerce.com/

Dapper Inc., a UK-based startup that allows users to build web applications and mashups using data from other websites, has raised over $1 million in bridge funding from Accel Partners, according to VentureWire. The capital will be rolled over into a larger Series A deal. http://www.dappit.com/

Whatsbuzzing, a San Jose, Calif.-based operator of a website for window shoppers, has raised around $1 million in seed funding from Norwest Venture Partners, according to VentureBeat. http://www.whatsbuzzing.com/

Jott Networks Inc., a Seattle-based startup that converts voice into text and delivers it via email, has raised under $1 million in seed funding from Ackerley Partners, Draper Richards and the new investment vehicle of Skype founder Niklas Zennstrom, according to the Seattle Post-Intelligencer. http://www.jott.com/

Realtime Worlds, a Dundee, Scotland-based video game developer, has raised $31 million in venture funding from New Enterprise Associates. Realtime Worlds was founded by CEO and creative director David Jones, who previously created the Grand Theft Auto and Lemmings games franchises. www.realtimeworlds.com

Travelport Ltd., a New York-based owner of travel services company Galileo and Orbitz.com, has agreed to buy travel-booking service Worldspan for approximately $1.4 billion. Simultaneous to the execution of the merger agreement, Worldspan completed a recapitalization plan, through which Travelport loaned $125 million to Worldspan in exchange for a payment in kind (PIK) note which Travelport funded through cash on hand. In addition, one of Travelport’s parent companies also loaned Worldspan $125 million in exchange for a PIK note. Blackstone Group and Technology Crossover Ventures bought Travelport from Cendant earlier this year for $4.3 billion. Court Square Capital (f.k.a. Citigroup VC) and Teachers’ Private Capital bought Worldspan in 2004 for around $900 million from Delta Airlines, Northwest Airlines and American Airlines. www.travelport.com www.worldspan.com

Move Networks Inc., an American Fork, Utah-based provider of video-over-IP solutions, has secured $11.3 million of a $12.17 million Series B round, according to a regulatory filing. Backers include Hummer Winblad Venture Partners and Steamboat Ventures. www.movenetworks.com

Crescendo Networks Ltd., an Or-Yehuda, Israel-based provider of application acceleration solutions, has raised $10 million. Evergreen Venture Partners led the deal, and was joined by return backers Apax Partners, StageOne Ventures, Magnum Communications Fund and Convergent Venture Capital. www.crescendonetworks.com

Flying Fish Creative Services Inc., a Baton Rouge, La.-based provider of e-learning training programs focused on courseware management, has raised $2.4 million in venture funding from Enhanced Capital Partners, Advantage Capital Partners, the Louisiana Technology Fund and Louisiana Fund I.

Hexaware Technologies, a Mumbai, India-based IT and BPO service provider, has completed its acquisition of FocusFrame Inc., a Mountain View, Calif.–based provider of automated testing of ERP and custom applications. The deal was valued at $34.3 million in cash, including $9.3 million in possible earnouts. Hexaware shareholders include General Atlantic. www.hexaware.com www.focusframe.com

BitTorrent, a San Francisco P2P file-sharing company, has acquired the uTorrent application for an undisclosed amount. BitTorrent last week raised $20 million from Accel Partners and DCM, and is in talks to raise an additional $5 million. www.bittorrent.com

MontaVista Software Inc., a Santa Clara, Calif.-based provider of Linux operating systems and development tools, has raised $21 million in new venture capital funding. Siemens Venture Capital led the deal, and was joined by NEC, Alloy Ventures, US Venture Partners and Aplix. The company has raised over $90 million in total VC funding since its 1999 inception. www.mvista.com

Azureus, a Palo Alto, Calif.-based maker of the Zudeo P2P application for the distribution of large files, has raised $12 million in Series B funding. Redpoint Ventures led the deal, and was joined by Grecroft Partners, CNET chairman Jarl Mohn and return backer BV Capital. www.zudeo.com

Goodmail Systems Inc., a Mountain View, Calif.-based provider of an email certification platform, has raised $12 million in third-round funding. SoftBank Capital led the deal, and was joined by return backers DCM and emergence Capital Partners. The company has now raised over $24 million. www.goodmail.com

Service-now.com, a Solana Beach, Calif.-based provider of on-demand IT service management solutions, has raised $5 million in Series B funding from JMI Equity. www.service-now.com

mInfo Inc., a Chinese mobile search company, has secured $3.36 million of a $5.4 million Series A round led by Staenberg Capital, according to a regulatory filing.

Mobile Complete Inc., a San Mateo, Calif.–based company that develops, tests and deploys mobile applications and services, has raised an undisclosed amount of Series B funding. Motorola Ventures led the deal, with return backers Innovacom VC also participating. www.mobilecomplete.com

Catalyst Investors of New York has acquired Aplus.net, a San Diego-based provider of website presence solutions, including domain registration services, web hosting, dedicated server hosting, web design and web marketing services to approximately 90,000 small- and medium-sized businesses. No financial terms were disclosed. Gabriel Murphy, co-founder of CommuniTech.Net (sold to Web.com in 2002) will take over as CEO. SG Capital advised Aplus.net on the sale. www.aplus.net

WebTrends Inc., a Portland, Ore.-based provider of Web analytics, has acquired ClickShift Inc., a San Bruno, Calif.-based provider of online advertising optimization solutions. No financial terms were disclosed. WebTrends is owned by Francisco Partners. ClickShift raised $6 million in Series A funding earlier this year from El Dorado Ventures and U.S. Venture Partners. www.webtrends.com www.clickshift.com

December 5, 2006

Internet and Software Deals of the Day

Filed under: Asia Internet, Digital New Media, Fundings, US Internet — Dave @ 3:38 pm

Reed Business Information, a unit of Reed Elsevier, has agreed to acquire BuyerZone.com Inc., a Watertown, Mass.–based online lead generation company. No financial terms were disclosed. BuyerZone had raised over $26 million in VC funding since 1999, from firms like Commonwealth Capital Ventures, Flagship Ventures, Womens Growth Capital Fund, BancBoston Ventures and Bessemer Venture Partners. The Jordan, Edmiston Group advised RBI on the deal, while BuyerZone was advised by Jefferies Broadview. www.reedbusiness.com www.buyerzone.com

 

December 3, 2006

Internet and Software Deals of the Day

Filed under: Asia Internet, Digital New Media, Fundings, Software, US Internet — Dave @ 5:10 pm

BitTorrent, a San Francisco-based file-sharing company, announced that it has raised $20 million in second-round funding. Accel Partners led the deal, with return backer DCM also participating. peHUB.com reported earlier this week that the round would be $25 million, and stands by that reporting. We are told that the extra $5 million is being left open for some additional players who have expressed interest. http://www.bittorrent.com

Hellman & Friedman and Texas Pacific Group have completed their public-to-private acquisition of Intergraph Corp. (Nasdaq: INGR), a Huntsville, Ala.–based provider of spatial information management (SIM) software. The deal is valued at $1.3 billion, with Intergraph shareholders receiving $44 per share. Goldman Sachs advised Intergraph, while Morgan Stanley advised H&F and TPG. http://www.intergraph.com

Travelguru, an Indian online travel portal, has raised $15 million in venture capital funding from Battery Ventures and Sequoia Capital India. http://www.travelguru.com

Horizon Wimba, a New York-based provider of collaborative software to the online education market, has raised $10 million in new VC funding. Tudor Ventures led the deal, and was joined by return backers The Argentum Group, First Analysis Corp. and Gefinor Ventures.

Syndero Inc., a San Francisco-based online marketing company, has raised $7 million in Series A funding led by Trident Capital, according to VentureWire. http://www.syndero.com

NextHop Technologies Inc., a Mountain View, Calif.-based networking software company, has raised $4.8 million in Series C funding. Return backers include New Enterprise Associates, Duchossois Technology Partners, Labrador Ventures and Parker Price Venture Capital. NextHop has now raised $41.8 million in total VC funding since its 2000 inception. http://www.nexthop.com

OnMeta Inc., a Santa Monica, Calif.-based search engine focused on entertainment, has raised $2 million in Series A funding, as first reported yesterday at peHUB.com. Backers include Draper Associates, First Round Capital and Zone Ventures. http://www.onmeta.com

Circle Software Inc., a provider of software solutions for the commercial real estate market, has agreed to merge into Realm Business Solutions Inc., a Houston, Texas-based provider of software and services for managing real estate portfolios. Existing Realm shareholders Insight Venture Partners and Lightyear Capital will provide additional equity for the transaction, although specific financial details were not disclosed. http://www.realm.com

Edgeio Inc., a Menlo Park, Calif.-based online classifieds company, has acquire the assets of Adaptive Real Estate Services, which has around 1.5 million homes listed for sale. No financial terms were disclosed. Edgeio raised $5 million last month from Intel Capital, Millennium Technology Ventures, RSS Investors and Trans Cosmos USA. http://www.edgeio.com

Tangoe Inc., an Orange, Conn.-based provider of enterprise telecommunications expense management software and services, has raised $8 million in $8 million Series E funding. North Atlantic Capital led the deal with a $6 million investment, and was joined by return backers like Edison Venture Funds and Axiom Venture Partners. http://www.tangoe.com

iSkoot Inc., a Cambridge, Mass.-based provider of mobile Internet communications solutions, has raised around $6.2 million in Series A funding led by Khosla Ventures. http://www.iskoot.com

Apex Learning Inc., a Seattle-based provider of a digital curriculum for secondary education, has raised $6 million in seventh-round funding. MK Capital of Chicago led the deal, which follows a Series AA recap led by Warburg Pincus last year. Apex Learning has raised over $60 million in funding since 1999. http://www.apexlearning.com

OZ Communications, a Montreal , Canada-based provider of consumer mobile messaging solutions, has raised US$34 million in second-round funding. Caisse de dépôt et placement du Québec led the deal, and was joined by Fonds de Solidarite and return backer VantagePoint Venture Partners. http://www.oz.com

Waps.cn, a Chinese wireless application protocol company, reportedly has raised $8 million in first0-round funding from Sequoia Capital. http://www.waps.cn

Business Objects Inc. (Nasdaq: BOBJ) has acquired Nsite Software Inc., a Sunnyvale, Calif.-based provider of on-demand applications for the enterprise, according to VentureBeat. No financial terms were disclosed. Nsite has raised around $14 million in total VC funding since its 1998 inception, from firms like Worldview Technology Partners, Outlook Ventures and Copan Inc. http://www.businessobjects.com http://www.nsite.com

November 27, 2006

Internet and Software Deals of the Day

Filed under: Asia Internet, Digital New Media, Fundings, Software, US Internet — Dave @ 12:54 am

Natural Convergence Inc., a Ottawa , Canada-based supplier of VoIP application software for service providers, has raised US$10M in Series C funding. Wesley Clover and BDC Venture Capital co-led the deal, and were joined by VIMAC, Desjardins Venture Capital Group and return backers Jefferson Partners, Primaxis Technology Ventures and Purple Angel. www.naturalconvergence.com

MidOcean Partners has agreed to acquire a 50% ownership position in Prism Business Media, upon Prism’s completion of its previously-announced acquisition of Penton Media. The stake will be sold by Prism owners Wasserstein & Co., Highfields Capital Management and Lexington Partners. No financial terms are being disclosed. www.prismb2b.com

Sterling Commerce, a subsidiary of AT&T (NYSE:T), has agreed to acquire Comergent Technologies Inc., a Redwood City, Calif.-based developer of sell-side ecommerce software. The deal is valued at approximately $155 million in cash. Sterling Commerce plans to incorporate Comergent products to provide customers with a unified end-to-end order fulfillment solution across the extended supply chain. This unified solution will enable customers to increase revenue, shorten sales and order fulfillment cycle times, and reduce overall supply chain costs. Comergent had raised around $77 million over three rounds of VC funding, including a $54 million second-round deal in 2000 at a post-money valuation of approximately $245 million. Backers include Amerindo, Cisco Systems, Crosspoint Venture Partners, Mobius Venture Capital, Morgan Stanley Venture Partners, Pivotal Asset Management and Van Wagoner Capital Management and Invesco Private Capital. www.sterlingcommerce.com www.comergent.com

SunGard has acquired Integrated Business Systems Inc., a Melville, N.Y.-based provider of software solutions and related services to hedge funds. No financial terms were disclosed. SunGard was acquired last year in a public-to-private buyout by Silver Lake Partners, AlpInvest, Bain Capital, Blackstone Group, Goldman Sachs, HarbourVest Partners, KKR, Providence Equity Partners and Texas Pacific Group. www.sungard.com

Danger Inc., a Palo Alto, Calif.-based provider of mobile communications software and services, has secured $10.3 million of a $12.3 million Series E round, according to a regulatory filing. Return backers include Redpoint Ventures, Softbank Capital Partners, Mobius Technology Ventures and T-Mobile Venture Fund. www.danger.com

Bungee Labs Inc., an Orem, Utah-based provider of a system for creating and delivering next-generation Web applications, has raised $7 million in Series B funding, according to a regulatory filing. Backers include North Bridge Venture Partners, Venrock Associates and Wasatch Venture Fund. www.bungeelabs.com

RipCode Inc., a provider of technologies for processing Internet video content, has raised $7 million in first-round funding. Participants included Hunt Ventures, Vesbridge Partners, El Dorado Ventures and ATA Ventures. RipCode has offices in both Austin and Dallas , Texas . www.ripcode.com

The Beam Inc., a Cambridge, Mass.-based operator of an online directory of green design and building professionals, has raised $5.17 million in Series A funding led by VantagePoint Venture Partners, according to a regulatory filing. www.thebeam.com

Polimetrix Inc., a Palo Alto, Calif.-based provider of technology solutions for polling, has secured $4.53 million of an $8.13 million Series A round led by Alloy Ventures, according to a regulatory filing. www.polimetrix.com

Consorte Media Inc., a San Francisco-based provider of marketing services to the Spanish-speaking market, has raised around $3.2 million in Series A funding. Backers include Mayfield and Band of Angels. www.consortemedia.com

Bessemer Venture Partners and Insight Venture Partners have agreed to acquire Netsmart Technologies Inc. ( Nasdaq SC : NTST), a Great River, N.Y.-based based provider of enterprise software for health and human services organizations. The firms will pay $16.50 per share, for an aggregate transaction value of approximately $115 million. The deal is expected to close early next year. www.ntst.com

3M (NYSE: MMM) has agreed to acquire SoftMed Systems Inc., a Silver Spring, Md.-based provider of health information management software and services for healthcare organizations. No financial terms were disclosed. Softmed is a portfolio company of TA Associates, and was valued at around $195 million when TA first invested in 1999. www.3m.com www.softmed.com

Akamai Technologies Inc. (Nasdaq: AKAM) has agreed to acquire Nine Systems Corp., a San Diego-based provider of solutions for rich media production, publishing and distribution. The deal is valued at approximately $164 million, including $7 million in cash and 3.1 million Akamai common shares. Nine Systems raised $1.5 million in startup funding from Catalyst Investors in 2000. www.akamai.com www.ninesystems.com

GXS, a Gaithersburg, Md.-based provider of B2B ecommerce solutions, has acquired UDEX Ltd., a Newport , UK-based provider of product data quality services. No financial terms were disclosed. GXS is a portfolio company of Francisco Partners and Norwest Venture Partners, while UDEX had raised over $20 million in VC funding from firms like 3i Group, Northbridge Ventures and Montagu Private Equity. www.gxs.com www.udex.com

Mailnet Services Inc., a Franklin, Tenn.-based multi-channel marketing company, has acquired database marketing and analytics firms Synapse Technology and Conclusive Strategies. The deals were partially financed via $8 million in growth capital from Frontier Capital, Morgan Keegan Mezzanine Fund and return backer Massey Burch. www.mailnetservices.com

YouSendIt Inc., a Mountain View, Calif.-based provider of online file delivery solutions, has raised $4.7 million in Series A-2 funding. Return backers include Alloy Ventures, Cambrian Fund and Sevin Rosen Funds. www.yousendit.com

Skelta Software, a Bangalore , India-based provider of business process management workflow software, has raised $1.5 million in first-round funding from SIDBI Venture Capital Ltd. www.skelta.com

 

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