Spectra7 Microsystems said it had a first close on $11 million in funding from Celtic House Venture Partners, Ventures West Capital and EdgeStone Capital Partners. The money will be used for product development and the integration of its merger with Fresco Microchip, RedMere Technology and Chrysalis Capital VIII Corporation announced on July 17th. The expected [...]

RedMere Technology Limited and Fresco Microchip Inc. said they will merge with Chrysalis Capital VIII Corporation to create Spectra7 Microsystems, which will be publicly traded company on the TSX Venture Exchange. Spectra7, an analog semiconductor company focused on mobile infrastructure and consumer products, is expected to raise over $10 million from firms including Celtic House [...]

IBM is to acquire Varicent Software Incorporated, a provider of analytics software for compensation and sales performance management. Headquartered in Toronto, Canada, Varicent is a privately held company backed by FTV Capital, RBC Venture Partners and EdgeStone Capital Partners. Financial terms were not disclosed. PRESS RELEASE IBM today announced a definitive agreement to acquire Varicent [...]