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 Tuesday, July 1, 2008 Apprion Gets Investment From Motorola Moffett Field-based Apprion has scored a strategic investment from Motorola, from its Motorola Ventures venture capital arm, Motorola said Tuesday. Amount of the investment was not disclosed, however Apprion said it has now raised over $23.5M from its investors. Apprion is a provider of systems for the industrial plant market, providing wireless applications and hardware. Apprion has previously raised funding from Anvil Investment Associates LP, CTTV Investments LLC, the venture capital arm of C (More info...) posted on Tuesday, July 1, 2008 (More)(Full story) No VC Backed IPOs In Q2 Dow Jones VentureSource released figures Tuesday, saying that there were no initial public offerings from venture backed companies in Q2, the worst quarter since 2003. Dow Jones said that we are in the midst of the second-longest IPO drought since it started tracking the venture capital industry in 1992. Among tidbits from the report: 10 companies withdrew their IPO registration this quarter, overall liquidity is down 47 percent from the same period last year, and M&A activity only totaled $4.7B (More info...) posted on Tuesday, July 1, 2008(Full story) Google Crawls Flash Mountain View-based Google said Monday afternoon that the firm has begun indexing text content in Flash. Flash, the multimedia software from Adobe, is used heavily on web sites for adding animation and graphics. Google said it has integrated Adobe's Flash Player technology to improve its Flash indexing; the firm said the addition will help web designers to improve the visibility of their published Flash content, as well as better search results and snippets. The changes are particularly useful f (More info...) posted on Tuesday, July 1, 2008(Full story) Celera Splits From Applera Alameda-based Celera Corporation said Tuesday that it has completed its split from Applera Corporation, and began trading on the Nasdaq Stock Market as CRA this morning. Applera has changed its name to Applied Biosystems, as part of an ongoing, $6.7B merger with Invitrogen Corp. posted on Tuesday, July 1, 2008(Full story) Agiliance Raises $10M San Jose-based Agiliance, a developer of IT governance and compliance software, said Tuesday that it has raised $10M in a Series B funding round. The round was led by Castile Ventures, and included prior investors Walden International, Intel Capital and Red Rock Ventures. Agiliance said that Nina Saberi of Castile Ventures joins the company's board as part of the funding round. posted on Tuesday, July 1, 2008 (More)(Full story) mFoundry GetsStrategic Investment Sausalito-based mFoundry has scored a strategic investment round from Bank of America Strategic Investments, the firm said Monday. mFoundry is a provider of mobile applications and tools in the financial arena. Financial terms of the investment were not disclosed. mFoundry has previously received funding from Motorola, PayPal, and NCR, GRP Partners, Ignition Partners and Apax Partners. posted on Tuesday, July 1, 2008 (More)(Full story) Coverity Buys Solidware San Francisco-bsed Coverity said today that it has acquired Solidware technologies, a Colorado vendor of software readiness products. Financial terms of the acquisition were not disclosed. Coverity develops code coverage products used by software developers to improve the quality of their C, C++, C#, and Java source code. The acquisition is the second for the firm this year; it had earlier acquired Codefast. Coverity is venture backed by Benchmark Capital and Foundation Capital. posted on Tuesday, July 1, 2008(Full story) ForeScouts Finds $8M Funding Cupertino-based ForeScout Technologies, which develops network access control (NAC) security software, said today that it has raised $8M in an internal round from its venture capital backers. Forescout said that Accel Partners, Amadeus Capital Partners, Meritech Capital Partners and Pitango Ventures all participated in the funding. ForeScout Technologies develops network access control products targeted at helping companies achieve regulatory compliance. posted on Tuesday, July 1, 2008 (More)(Full story) UTStarcom Divests Division Alameda-based UTStarcom said today that it has agreed to sell its Personal Communications Division to a new company, formed by AIG Vantage Capital, a part of AIG Investments. According to UTStarcom, AIG will pay approximately $240M in cash to the firm for its Personal Communications Division, in addition to up to $50M in earn out. UTStarcom said the spinout is part of its efforts to focus on its core IP-based product offerings. The divestiture is the second for the firm, which also recently dive (More info...) posted on Tuesday, July 1, 2008(Full story) CBS Completes CNET Networks Buy CBS Corporation said Monday that it has completed its acquisition of San Francisco-based CNET Networks, and has merged its operations into a new, expanded CBS Interactive division. CBS said the division will cover five verticals: Technology, Entertainment, Sports, News, and Business, and will be headed by Quincy Smith. Smith has been in charge of CBS Interactive since November of 2006. CNET's Neil Ashe will be President of the division. CBS first announced its buy of CNET in May, in a deal worth (More info...) posted on Tuesday, July 1, 2008(Full story) Andreessen Joins Facebook Board Marc Andreessen has joined the board of directors of Facebook, the firm said late Monday. Andressen is currently co-founder and chairman at Ning, and was the co-founder of Netscape Communications, CTO of AOL, and chairman and co-founder of Loudcloud/Opsware. Andreessen joins Accel's Jim Breyer, and Peter Thiel on the board; observers on the board include Greylock's David Sze and Meritech Capital's Paul Madera. posted on Tuesday, July 1, 2008(Full story) ESS Technology Goes Private Fremont-based ESS Technology, a provider of digital video and audio processors, said late Monday that the firm has completed its merger with Imperium Master Fund, Ltd. The deal had originally been announced in February. The deal takes the firm private, and removes the firm from trading on the NASDAQ Global Market. The deal was worth approximately $58.3M. posted on Tuesday, July 1, 2008(Full story) |
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