Continuity Control fetches $10 mln

Continuity Control said Wednesday that it has received $10 million in funding. River Cities Capital Funds led the round with participation from BancVue and the family of IBM founder Thomas Watson. In addition to the funding, Rik Vandevenne of River Cities has been added to Continuity Control’s board. Based in New Haven, Conn., Continuity Control is a provider of a compliance management solutions for community financial institutions.


peHUB Second Opinion

In Second Opinion, buyout shops can’t even agree on how to resolve the collusion case, why HBO and Netflix are so obsessed with each other and what it’s like raising money as a woman in Silicon Valley.


peHUB Second Opinion

In Second Opinion, Google is barely paying taxes for its European operations, A South Korean baseball team is filling its stadium with robot fans, Bose sues Beats and the Subway Inn is closing.


IBM agrees to buy VC-backed Silverpop

IBM said Thursday that it has agreed to acquire Silverpop. No financial terms were disclosed for the transaction, which is expected to close in the second quarter of 2014. Based in Atlanta, Silverpop is a provider of digital marketing technology. Its backers include Escalate Capital Partners, D.E. Shaw, Draper Fisher Jurvetson and Silicon Valley Bank.


peHUB Second Opinion

In second opinion, the IRS says Bitcoin isn’t a currency, is there a bubble in the IPO market, JPMorgan’s loss of Mike Cavanagh to the Carlyle Group represents succession of all sorts and U.S. college students only have to pay $4.99 for Spotify now.


VC-backed Welltok buys mobile health firm Mindbloom

Welltok, a health optimization company in Denver, has acquired Mindbloom. No financial terms were disclosed. Based in Seattle, Mindbloom is a mobile health firm. Welltok’s backers include NEA, IBM, Qualcomm Ventures, Emergence Capital Partners, InterWest Partners and Miramar Venture Partners.

SRS Wants You to Play AcqMan for the Holidays

Shareholder Representative Services is trying something new this holiday season. SRS is unveiling AcqMan — acq is short for acquisition–a game which tests players’ knowledge of M&A. This is how it works: Users pick from six different AcqMan avatars that represent different deep-pocketed strategic buyers. Choices include Dell, Google, IBM, Microsoft, Oracle and Takeda.

IBM Acquires Butterfly Software

IBM has acquired Butterfly Software, a privately held data analysis and migration software company headquartered in Maidenhead, England. Financial terms were not disclosed. Butterfly will become part of IBM’s software group.

Streetline Gets $25M Citibank Credit Facility

Streetline, Inc. said it received a $25 million credit facility from Citibank in collaboration with IBM for cities to adopt new parking technologies without upfront costs. Streetline’s parking platform detects the presence of a car through a network of ultra-low power wireless sensors located in individual parking spaces and the information is then made available […]

Doug Kilponen, Ben Smith: First They Ignore You, Then They Want To Buy You: Managing The Startup-Big Company Relationship

Every entrepreneur has met them. Big company executives with big company swagger. They ignore you. They dismiss the business problem you spent your life solving. They think they can crush you. Then the tables turn. They push for strategic relationships. They want to give you money, frequently at irrationally high valuations. Finally they shell out […]

IBM Acquires Q1 Labs

IBM is acquiring Q1 Labs, a Waltham, Mass.-based company that sells security intelligence software. Financial terms of the deal were not disclosed, but Q1 Labs, founded in 2001and has received venture backing from Polaris Venture Partners, Menlo Ventures, BDC Venture Capital and Globespan Capital Partners among others over the years. PRESS RELEASE: IBM (NYSE: IBM) […]

IBM Buying British Security Co. i2

IBM is paying an undisclosed amount to buy British security analytics software firm i2, Reuters reported. The deal is expected to close in the fourth quarter. Cambridge, England-based i2 says its software was used by U.S. forces track down former Iraqi leader Saddam Hussein in 2003, Reuters wrote. The company has roughly 350 empoyees across Britain, the US and Australia.

Analysis: Enterprise Flash Storage Industry Set for Consolidation

(Reuters) – Competition is brewing in the small but booming market for flash memory used in corporate data centers, and analysts foresee a wave of consolidation as larger players move in. Giant tech companies from International Business Machines Corp to Western Digital Corp are sharpening their focus on lightning-quick flash storage, hoping to ride a […]

VCs Find Space to Park Capital

About 30% of city traffic is caused by people driving around looking for parking. That’s an estimate by the San Francisco Municipal Transit Agency (SFMTA). As a car-owning San Franciscan, I have to say it sounds about right. It’s also a favorite statistic of Zia Yusuf, newly hired CEO of Streetline, a Silicon Valley-based startup […]

IBM Agrees To Buy Storwize

IBM Corp. has agreed to acquire Storwize Inc., a Marlborough, Mass.-based data storage company. No financial terms were disclosed, although earlier press reports pegged the price at around $140 million. Storwize has raised around $28 million in VC funding from Sequoia Capital, Bessemer Venture Partners, Tenaya Capital, Tamares Group and Tokyo Electron Device.

IBM TO Buy VC-Backed Coremetrics

IBM has agreed to buy Coremetrics Inc., a San Mateo, Calif.-based provider of Web analytics software. No financial terms were disclosed. Coremetrics has raised around $167 million in VC funding since 1999. Current shareholders include Accel Partners, FTV Capital, Highland Capital Partners, and W Capital Partners.

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