Business technology solutions provider Avanade is to acquire Azaleos Corporation, headquartered in Seattle. Azaleos is a Microsoft Exchange and messaging company backed by Ignition Partners and Second Avenue Partners.
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Nick Hanauer, a Seattle-based venture capitalist who was among the first investors in Amazon.com, is among a number of critics of GOP Presidential candidate Mitt Romney–despite his benefiting from economic policies the Republican candidate would likely support were he elected next month.
Seattle Bank said Monday that it has received a more than $50 million investment from local entrepreneurs and VCs. J.D. Delafield, the chairman, CEO and president of Delafield and Hambrecht Investors, led the $50 million round. Other investors include: Nicolas Hanauer, a partner with Second Avenue Partners; Rich Barton, the founder of Expedia and co-founder of Zillow; and, McCaw Cellular’s John McCaw. Seattle Bank, the parent of Seattle Escrow Co. and Seattle Mortgage Co., had $450 million in total assets at the close of the deal.
Qliance Medical Management Inc., an operator of insurance-free direct primary care clinics in Washington State, has raised $4 million in VC funding. Second Avenue Partners led the round, and was joined by New Atlantic Ventures and Clear Fir Partners. The company had previously raised $3.5 million.