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 Monday, August 18, 2008 Symantec Buys PC Tools Cupertino-based Symantec announced Monday afternoon that it has signed a definitive agreement to acquire Australian software firm PC Tools, which develops security and privacy software for Windows PC users. Financial terms of the deal were not disclosed. Symantec said the buy expands its consumer product portfolio, specifically in new, emerging regional markets. PC Tools will continue as a separate operation, as part of Symantec's consumer business unit. posted on Monday, August 18, 2008(Full story) Cadence Drops $1.5B Offer To Mentor Graphics San Jose-based Cadence Design Systems Inc., a developer of semiconductor design software, has withdrawn its $1.5 billion offer to purchase Oregon-based competitor Mentor Graphics Corp. According to Cadence in a press release Friday, the firm blamed Mentor's board and management for the collapse of the merger. Mentor had rejected Cadence's initial offer to buy the firm in June, claiming that the offering price was insufficient, and that it did not believe the firms could get antitrust approval fo (More info...) posted on Monday, August 18, 2008(Full story) Xactly Links To SalesForce.com San Jose-based Xactly, a provider of software-as-a-service tools for managing sales incentives and teams, said today that it has made its Xactly Rewards product available through salesforce.com's Force.com platform. The firm said that its Xactly Rewards product is targeted at providing non-cash rewards for motivating and rewarding sales, marketing, support, and call center individuals and teams. The new software is available for $10 per month per subscriber. Xactly is venture backed by Glynn Cap (More info...) posted on Monday, August 18, 2008(Full story) Palo Alto Networks Pulls In $27M Sunnyvale-based Palo Alto Networks, a developer of firewall hardware, said today that it has raised $27M in a Series C round of funding. The round was led by Lehman Brothers Venture Partners, and also included prior investors Globespan Capital Partners, Greylock Partners and Sequoia Capital. The funding round brings the company's total raised to around $53M. Palo Alto Networks said the funding would to go expand sales, marketing, and customer service. posted on Monday, August 18, 2008 (More)(Full story) SVB Launches Debt Lending Services In India Santa Clara-based SVB Financial Group, the parent company of Silicon Valley Bank, announced this morning that the firm has expanded into India. According to the bank, which serves venture capital-backed technology firms, the non-bank venture lending operation in India, SVB India Finance Pvt. Ltd, will provide debt to domestic, venture-backed, early and mid-stage, high growth companies in India. The firm said the operation will be managed by Managing Director Ajay Hattangdi, with Ash Lilani servi (More info...) posted on Monday, August 18, 2008(Full story) |
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