VC-backed Adaptive Insights hires new senior advisor

Adaptive Insights has tapped Ron Codd, former CFO of PeopleSoft, as a new investor and senior advisor. Headquartered in Palo Alto, Calif., Adaptive Insights is a provider of cloud-based business and financial analytics solutions for companies and nonprofits of all sizes. Adaptive Insights is backed by Bessemer Venture Partners, Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures and Cardinal Venture Capital.

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Verdezyne inks $48 mln, formalizes funding in ceremony attended by President Obama

Verdezyne, an industrial biotech firm in Carlsbad, Calif., has secured $48 million in funding. Malaysian multinational conglomerate Sime Darby Berhad led the round with participation from BP Alternative Energy Ventures, DSM Venturing B.V., OVP Venture Partners and Monitor Ventures. The funding was made official Monday in a ceremony in Malaysia attended by President Barack Obama and Malaysian Prime Minister Dato’ Sri Najib Razak.

Adaptive Planning Adds John Herr as C.E.O.

Mountain View, Calif.-based Adaptive Planning has named John Herr as its new chief executive. The company, which provides on-demand corporate performance management software, is backed by venture firms ONSET Ventures, Monitor Ventures, Cardinal Venture Capital and Clairmont Capital. Herr was most recently an executive-in-residence at Norwest Venture Partners. Earlier, he was president and CEO at EZ Shield, a technology-enabled services company. He has also worked as vice president and general manager at eBay and PayPal.

Verdezyne Adds VC Financing

Carlsbad, Calif.-based Verdezyne Inc. has closed on an undisclosed amount of new funding from BP Alternative Energy Ventures, DSM Venturing B.V., OVP Venture Partners and Monitor Ventures. Terms of the round were not released. Verdezyne is an industrial biotech company developing processes for the production of renewable fuels and chemicals.

ValueClick Buys Greystripe for $70M

Publicly traded ValueClick will pay $70 million for mobile advertising network Greystripe Inc. San Francisco-based Greystripe has raised venture capital from firms including Steamboat Ventures, Monitor Ventures, Peacock Equity and Incubic Venture Capital. Montgomery & Co. acted as financial advisor to Greystripe. Under the terms of the deal, Greystripe’s management will join ValueClick, and the business will be run as a wholly-owned subsidiary within ValueClick Media.

VC-Backed LocalResponse Launches Public Beta

Earlier this week, Nihal Mehta (pictured) announced he launched LocalResponse, a New York-based developer of a Web-based tool that allows local businesses to respond to check-in posts on social media sites with tailored marketing campaigns. Mehta co-founded the company, previously known as Buzzd, as a social city guide for location-based services. The company had raised about […]

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