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 Wednesday, December 20, 2006 HP Buys Bitfone Palo Alto-based HP said today that it has signed a definitive agreement to acquire Laguna Nigel-based Bitfone, a venture-backed provider of software for updating wireless phones. Terms of the acquisition were not disclosed. HP said Bitfone will become part of HP's Handheld Business Unit as part of its strategy to grow its mobile enterprise business. The acquisition is expected to close by February 2007. posted on Wednesday, December 20, 2006(Full story) Xyratex Buys Ario Data Assets Havant, UK-based Xyratex said Tuesday that the firm has agreed to acquire assets from Ario Data Network. Xyratex said it is acquiring intellectual property, capital assets, and the Ario Data Networks team. Ario develops RAID controllers for SATA and SAS disk drive systems. Financial terms of the acquisition were not disclosed. Ario was backed by Anthem Ventures, Clearstone Venture Partners, Evercore, Mellon Ventures, Partech, and Susino Funds. posted on Wednesday, December 20, 2006(Full story) Forte Scores $5.4M For Design Synthesis Tool San Jose-based Forte Design Systems said today that it has raised an additional $5.4M in a Series D funding for its semiconductor design tools. The funding came from Saints Capital, along with prior investors 3i and Infinity Capital. Forte said the funding will go towards the firm's ESL design flow tools, and to build it's worldwide presence. Forte is developing tools for converting high level designs into reusable, re-targetable hardware designs. posted on Wednesday, December 20, 2006 (More)(Full story) PortAuthority Acquired By WebSense San Diego-based Websense said today that it has agreed to acquired Palo Alto-based PortAuthority Technologies, in a deal worth $90M in cash. PortAuthority provides information leak prevention technology for the network security market. The firms have been working together via an OEM technology alliance since September. PortAuthority is venture backed by ALP Enterprises, CAP Ventures, Greylock Partners, Lexington Ventures, New Enterprise Associates, and Sequoia Capital. WebSense said that the ac (More info...) posted on Wednesday, December 20, 2006(Full story) Spock Raises $7M Menlo Park-based Spock Networks said today that it has received $7M in a Series A investment. The firm, which is developing a search engine focused on people, said the round came from Clearstone Venture Partners and Opus Capital Ventures. Spock will use the funding to expand its hiring, for infrastructure, and product development. William Quigley of Clearstone, Ken Elefant of Opus Capital, and Siva Kumar of TheFind.com have joined the firm's board. Spock is headed by former Clearstone associate (More info...) posted on Wednesday, December 20, 2006 (More)(Full story) Redback Acquired By Ericsson For $2.1B San Jose-based Redback Networks said Tuesday afternoon that the company is in a definitive agreement to be acquired by Ericsson, in a deal worth $2.1B. Ericsson will pay $25 per share of Redback for the firm. The acquisiiton is expected to close in early 2007. According to the firms, Redback will operate as a wholly owned subsidiary of Ericsson, and retain its management team. Redback is a provider of IP network routing equipment. Ericsson was advised by Citigroup and SEB Enskilda in the deal, a (More info...) posted on Wednesday, December 20, 2006(Full story) |
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