Avanade to Acquire Azaleos Corporation

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.

Delafield Leads $50 Mln Investment in Seattle Bank

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 Raises $4 Million

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.

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