TOP NEWS
Nanosolar Raises $300M
San Jose-based utility-scale solar technology firm NanoSolar said today that the firm has raised $300M in a strategic equity financing. According to nanoSolar, the funding came from Riverstone Holdings, EDF Renewables, and AES Solar, the funding arms of AES Corporation, the Carlyle Group, EDF, and Energy Capital Partners. Other investors in the round included Lone Pine Capital, the Skoll Foundation, and Pierre Omidyar....READ MORE >>
posted on Wednesday, August 27, 2008 (More)
Cisco Buys PostPath For $215M
San Jose-based Cisco said this morning that it has acquired Mountain View-based PostPath, a provider of email and calendering software. Cisco said it will pay approximately $215M for PostPath. Cisco said the buy would enhance the firm's existing Cisco WebEx Connect collaboration platform. PostPath's Linux-based software will become part of Cisco's Collaboration Software Group (CSG). PostPath was venture backed by JAFCO American Ventures, Matrix Partners, and Worldview Technology Partners....READ MORE >>
posted on Wednesday, August 27, 2008
LinkedIn Adds Discussions, Group Enhancements
Mountain View-based social networking service LinkedIn is bolstering the firm's group features this Friday, the firm told its customers Tuesday, as it looks to add several "much-requested" features by its users around LinkedIn for Groups, the company's set of features focused on helping groups manage networking between their members....READ MORE >>
posted on Wednesday, August 27, 2008
Technorati Buys Blogcritics
San Francisco-based blog search and social media site Technorati announced Tuesday that the firm has acquired Blogcritics.org, an online community of bloggers. Financial terms of the deal were not disclosed. According to Technorati, the acquisition will give it more advertising inventory for the firm, and will also allow it to work with Blogcritics authors to help them monetize their own blogs....READ MORE >>
posted on Tuesday, August 26, 2008
Brand.net Raises $10M
San Mateo-based Brand.net, an online advertising network focused on brands, said Tuesday that it has raised $10M in a Series B funding round. The round was led by Norwest Venture Partners, and also included prior investor InterWest partners. Brand.net operates an online advertising network which specifically focuses on Fortune 100 brands. Robert Abbott of Norwest Venture partners joins the firm's board as part of the funding....READ MORE >>
posted on Tuesday, August 26, 2008 (More)
HP Wraps Up $13.9B Purchase of EDS
Palo Alto-based computer consulting and manufacturing giant Hewlett-Packard announced today that it has concluded its record-setting acquisition of Electronic Data Systems Corp. HP said the $13.9 billion deal— first reported on May 13—represents the largest transaction, in terms of value, in IT services sector history. It is also the technology industry's second largest—only HP's 2002 purchase of Compaq is greater....READ MORE >>
posted on Tuesday, August 26, 2008
hi5, Widgetbox Link On Widgets
San Francisco-based Widgetbox, which operates an online site focused on web widget software, said today that it has linked up with online social networking site hi5. According to Widgetbox, hi5 will include widgets created by Widgetbox users. Financial terms of the deal were not disclosed. According to Widgetbox, hi5 has opened up its App Gallery to widgets created by the Widgetbox community, tapping the firm's OpenSocial API support for the additions....READ MORE >>
posted on Tuesday, August 26, 2008
Aptana Buys Pydev
San Mateo-based Aptana, a developer of web infrastructure and application management tools, said this morning that it has acquired Pydev, a developer of an integrated development environment for the Python software language. Financial terms of the deal were not disclosed. Pydev's IDE is based on the open source Eclipse IDE software. Aptana is a developer of its own integrated development environments for JavaScript, Ruby on Rails, and PHP, with a focus on enabling AJAX web applications....READ MORE >>
posted on Tuesday, August 26, 2008
Qik Adds Andreessen, Horowitz As Investors
Foster City-based Qik, which develops a interactive live video streaming service, said this morning that it has scored a "significant investment" in the company from Marc Andreessen and Ben Horowitz. Financial terms of the funding were not disclosed. Both of the two join Qik's board of advisors as part of the deal. Andreessen was co-founder of Netscape, and is currently chairman of social networking site Ning; Horowitz also was at Netscape, and was co-founder of Loudcloud with Andreesen....READ MORE >>
posted on Tuesday, August 26, 2008 (More)
Conviva Adds $20M
San Mateo-based Conviva announced Monday that the firm has raised $20M in a Series B investment, for the firm's video distribution platform. The firm said the funding was led by UV Partners. Prior investors New Enterprise Associates and Foundation Capital also participated. Conviva said the funding will go towards product and business development. The round brings the company's total raised to $29M.READ MORE >>
posted on Monday, August 25, 2008 (More)
Demandbase Gets $8M
San Francisco-based Demandbase, which develops a service for finding and managing B2B sales prospects and leads, said today that the firm has raised $8M in a venture funding round. The round was led by Sigma Partners, and also included prior investors Altos Ventures and Adobe Systems. Demandbase said the new funding will used to grow the firm. Bob Spinner of Sigma joins the firm's board along with the funding.
READ MORE >>
posted on Monday, August 25, 2008 (More)
Salesforce.com Names Exec
Salesforce.com reported Monday that it has hired Steve McWhirter as president of its Asia-Pacific operations. The San Francisco-based publisher of hosted customer relationship management software said McWhirter will be based out of its Singapore office and will report to Jim Steele, the company's chief customer office and international operations president. Salesforce....READ MORE >>
posted on Monday, August 25, 2008
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