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 Monday, June 30, 2008 Virage Logic Buys Impinj Unit Fremont-based Virage Logic said today that it has acquire the non-volatile memory (NVM) intellectual property business of Impinj, in a deal worth $5.2M. Virage Logic said the buy includes Impinj's logic NVM IP and added more than 50 Impinj patents to its IP portfolio. Virage Logic also said it has hired approximately 30 former Impinj employees involved in the business. Impinj was advised by Pagemill Partners in the deal. posted on Monday, June 30, 2008(Full story) hi5 Buys PixVerse San Francisco-based hi5 Networks, an online social networking web site, said Monday that it has acquired PixVerse, a provider of widgets for hi5 and other social networking web sites. Financial terms of the deal were not disclosed. PixVerse was venture backed by Venrock. PixVerse develops a virtual world based on Adobe's Flash software. The firm's applications include Pix Chat and Pix Wall. posted on Monday, June 30, 2008(Full story) Doubleclick's Affiliate Operations Renamed Google Affiliate Network Doubleclick Performices Affiliate, the affiliate marketing arm of DoubleClick, announced Monday in an email to customers that the firm has become the Google Affiliate Network. Google, which said that it will sell DoubleClick's Performics Search operations to a third party in April, said that the new branding is a part of an effort to quickly assimilate the business and teams of the firms. The firm said that it will roll out new changes to the services' user interface to reflect the new brand, an (More info...) posted on Monday, June 30, 2008(Full story) NotchUp Enhances Recruiting Site Palo Alto-based NotchUp said today that the firm has enhanced the firm's service for finding job candidates. According to the company, it has added integration to Facebook and OpenSocial social networking sites, and unique personal identification numbers which help users control their data. NotchUp runs an online web site which pays employees to interview for jobs. The new features include ability to import updated profiles and resumes across Facebook or OpenSocial web sites, and which will inc (More info...) posted on Monday, June 30, 2008(Full story) Adaptec Sells NAS Business Milpitas-based Adaptec said today that it has sold its Snap Server NAS business to Overland Storage, in a deal worth $3.6M. According to Adaptec, the deal covers all of its brand and assets related to its Snap Server networked and desktop storage appliances, but does not include its iSCSI-based products. Adaptec said the deal will streamline the company's operations, and that it will retail ownership of its iSCSI-based hardware and software products, which will be rebranded by Adaptec. Around 50 (More info...) posted on Monday, June 30, 2008(Full story) Agito Networks Raises $13M Sunnyvale-based Agito Networks said today that it has closed a Series B funding round, worth approximately $13M. The round was led by Castile Ventures, and also included ITX International Holdings Inc. and prior investor Battery Ventures. Agito, which develops mobile roaming software for wireless LANs, said the funding will go towards market expansion and product development. David Leonard, former VP and GM of Cisco's Wireless Networking Business Unit and Desktop Switching Business Unit, has bee (More info...) posted on Monday, June 30, 2008 (More)(Full story) Openwave Sells Unit To Linux Software Firm Redwood City-based Openwave Systems said today that it has sold its mobile phone client software business to Purple Labs, a European provider of Linux software for the mobile phone market. Openwave said that the deal is worth $30M in cash, plus an additional $2M if certain conditions are met. The deal also includes warrants for 2 percent of Purple Labs common stock. Openwave's mobile phone software business develops browser and messaging software for 3G handsets. Purple Labs is a venture backed (More info...) posted on Monday, June 30, 2008(Full story) HP Hits Milestone On EDS Acquisition Palo Alto-based HP said today that the firm's waiting period, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, has expire. The firm said that it has not received a request for additional information from the U.S. Department of Justice or the FTC. The company said its acquisition of EDS is still subject to EDS stockholder approval and clearance from the EU and other countries. HP proposed to buy EDS, a major provider of IT consulting services, in a $13.9B deal in May. posted on Monday, June 30, 2008(Full story) Lithium Technologies Takes $12M Emeryville-based Lithium Technologies said today that the firm has raised $12M, in a Series B funding round. The round came from Benchmark Capital, along with prior investors Emergence Capital and Shasta Ventures. Lithium Technologies develops software-as-a-service for enterprise social networking web sites. Lithium's software is used to create online communities; the software is being used by such companies as AT&T, Dell, and PayPal. The new round brings the company's total raised to $21.0M. posted on Monday, June 30, 2008 (More)(Full story) |
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