VC-backed MarginPoint names new VP of sales

MarginPoint said Monday that it has hired Drew Macbeth as its new vice president of sales. Previously, Macbeth worked at Sage Software where he served as vice president of sales. Based in Lake Forest, Calif., MarginPoint is a provider of cloud solutions for the industrial sector. It is backed by The Argentum Group, InnoCal Venture Capital, Inverness Graham Investments and Mission Ventures.

Alpine Data Labs Names Joe Otto CEO

Alpine Data Labs, a San Mateo, Calif.-based maker of Web-based, collaborative workflow software, has named Joe Otto as president and CEO. Otto was most recently a senior vice president of sales and services for Greenplum, a company acquired by EMC in 2010. In 2011, Alpine raised $7.5 million in Series A funding from Sierra Ventures, Mission Ventures and Sumitomo Corporation Equity Asia. The company has also received funding from Stanford University.

MaxLinear Repurchases Shares From Venture Capital Investors

MaxLinear, a provider of integrated radio frequency and mixed-signal integrated circuits for broadband communication applications, has repurchased 1,152,338 shares of its Class A common stock from Mission Ventures and 500,000 shares of its Class B common stock from various funds affiliated with US Venture Partners. Following the repurchase, Mission Ventures will no longer hold any […]

Allot to Acquire Venture-Backed Ortiva

Allot Communications, a provider of service optimization and revenue generation solutions for fixed and mobile data networks worldwide is to acquire mobile video management business Ortiva Wireless. The terms of the acquisition were not disclosed. Ortiva is backed by Intel Capital, Comcast Interactive Capital, Artiman Ventures and Mission Ventures. PRESS RELEASE Allot Communications Ltd. (NASDAQ: […]

Backed by Mission, Maveron & Emergence, Launches

KidZui, the developer of an Internet browser for kids, has launched its search engine for kids aged 3 to 12 years old. The site is backed by $2 million in financing from Mission Ventures, Maveron, Emergence Capital and Scholastic Corp. The company sealed $1 million this spring, and grabbed $1 million last fall. KidZui is based in San Diego, Calif.

Alpine Data Labs Seals $7.5M

Alpine Data Labs has raised $7.5 million from Sierra Ventures, Mission Ventures and Sumitomo Corporation Equity Asia. The company, a developer of technology to achieve predictive insights from the massive datasets, will use the money to expand its staff in China and the US, and to bolster development and sales efforts. Alpine Data is based in San Mateo, Calif.

Access 360 Media Clinches Roughly $50 Mln Funding Round

Access 360 Media said Wednesday that it has raised a “significant” round of series C financing. Access 360 didn’t disclose how much it raised. However, a source close to the company says Access 360 raised around $50 million. Columbia Capital, which led the round, injected roughly $12 million.

KidZui Raises $4 Million

KidZui, a San Diego-based of a kid-friendly Web browser, has raised $4 million in new VC funding, according to TechCrunch. Mission Ventures led the round, and was joined by return backers First Round Capital, Emergence Capital Partners and Maveron LLC. The company previously raised $10 million.

Networks In Motion Selling For $170 Million

Networks in Motion, a Aliso Viejo, Calif.-based provider of wireless navigation products for cell phones, has agreed to sell itself to TeleCommunication Systems Inc for $170 million. Mission Ventures, Redpoint Ventures and Sutter Hill Ventures have previously invested in the company.

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