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Andreessen Horowitz Brings Aboard a Face Familiar to the Venture Industry

Posted on: March 21, 2011 by Connie LoizosNo Comments »

Peter Levine is heading back into the world of venture capital. Sort of. The operating executive-turned-VC-turned operating executive has joined Andreessen Horowitz as a venture partner, where he will be leading occasional investments and taking board seats. As part of the arrangement, Levine gets a salary and other “incentives” relating to the investments he shepherds; [...]

Citrix Startup Accelerator Invests in Primadesk

Posted on: February 28, 2011 by Clancy NolanNo Comments »

Publicly traded Citrix Systems has made its first investment through the newly launched Citrix Startup Accelerator fund, betting on Novato, Calif.-based Primadesk. The startup helps users search, manage and backup their personal cloud data across multiple devises. The Citrix Startup Accelerator is designed to provide seed funding, mentoring and office space.

Cloud Companies Are Becoming Hot M&A Targets

Posted on: September 2, 2010 by Alastair Goldfisher2 Comments »

Four acquisitions of virtual software and cloud-based companies this week have fueled speculation that there will be more to come. At the VMworld conference this week, the buzz has mostly been about the bidding war over 3Par, which Hewlett-Packard won today with its $2.4 billion offer. (As we previously reported, a few VC firms stand [...]

Citrix Buys VC-Backed Vapps

Posted on: November 14, 2008 by PEHub AdministratorNo Comments »

SAN FRANCISCO (Reuters) – U.S. infrastructure software maker Citrix Systems Inc. has acquired venture capital-backed start-up company Vapps Inc for $26.6 million, according to a regulatory filing. The acquisition marks Azure Capital’s third exit this year, in an economic downturn that has limited opportunities for the venture capital industry. Azure invested in Vapps, a Hoboken, [...]