Winnipeg, Manitoba-based medical diagnostic company Miraculins Inc. has agreed to acquire all assets related to the SCOUT DS® technology, a diabetes screening technology, from VeraLight, Inc. Financial terms of the proposed deal were not released. VeraLight, which is based in Albuquerque, New Mexico, is backed by a mix of U.S. venture capital firms and strategic investors, including Psilos Group, CMEA Ventures, vSpring Capital, EPIC Ventures, Dow Chemical and the Southern Ute Growth Fund.
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North Plains Systems Inc., a Toronto-based marketing company, has acquired VYRE, Inc., a U.K.-based maker of marketing resource management and brand asset management software. Terms of the deal were not disclosed. UPDATE: North Plains is a portfolio company of Accel-KKR LLC, a technology-focused private equity firm based in Menlo Park, California. Accel-KKR first invested in North Plains in 2011.
Kaltura, an open source video platform, has secured $25 million of funding from new investors Mitsui & Co. Global Investment, Inc. and ORIX Ventures. Existing investors Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures also participated.
Conecture Technologies has sold MediaBox to Jonas Software, a provider of enterprise management software solutions, and a subsidiary of Constellation Software. Independent investment bank The Jordan, Edmiston Group, Inc represented Conecture Technologies. MediaBox is a SaaS provider of digital asset management and asset workflow applications to media and entertainment, consumer products licensing, advertising and retail industries.
Private equity firm TA Associates has agreed to sell its controlling stake in 2SS Holdings, Inc, a developer of tax software, for $287.5 million in cash to H&R Block, a tax services provider. TA completed an $85 million leveraged recapitalization of 2nd Story Software in December 2004.
Manhattan Beachwear, Inc, a portfolio company of Linsalata Capital Partners has purchased Apparel Ventures, Inc, a swimwear manufacturer. The details of the deal have not been announced. Linsalata Capital Partners is an Ohio-based private equity firm founded in 1984 and has made 96 buy-side transactions totaling more than $2 billion. It is currently investing from its sixth fund, Linsalata Capital Partners Fund V, L.P. (LinCap V), with $425 million in committed equity capital.
Private equity firm Mason Wells, based in Milwaukee, WI, has bought Appleton Performance Packaging from Appleton Papers, Inc. Mason Wells will rename the business NEX Performance Films, Inc. The details of the deal were not disclosed. Mason Wells recently closed on a $525 million equity fund called Mason Wells Buyout Fund III.
Imperial Capital Corporation, a Toronto-based private equity firm, has bought Petra Pet, Inc, a New Jersey manufacturer of dog treats. BMO Capital Corporation provided subordinated debt and equity capital in support of the acquisition and BMO Bank of Montreal provided senior debt facilities. The details of the transaction were not released.
Community Energy, Inc, raised $4m in a Series A round of funding, led by SJF Ventures, a venture capital fund with offices in Durham, NC, New York and san Francisco. NGP Energy Technology Partners also invested. The deal includes an option to invest another $2 million. Community Energy will use the funds to develop solar energy projects in the Northeast, Mid-West, and West.
OpGen, Inc., a Maryland-based commercial phase genomics company, completed a $17 million Series B round of equity financing. The new round of financing was led by jVen Capital with participation from the company’s other major investors, including CHL Medical Partners, Highland Capital Partners, Mason Wells Biomedical and Versant Ventures. Evan Jones of jVen Capital has been named as executive chairman of OpGen’s boards.