PE Hub Staff

ANDOVER, MA — CMGI Inc. (Nasdaq: CMGI) today announced that George McMillan, its current chief financial officer and treasurer, will become the Company’s new chief executive officer, effective March 1, 2002. In connection with his promotion to CEO, McMillan has also been elected to CMGI’s Board of Directors. HOD HASHARON, ISRAEL & FARMINGDALE, NY — […]

PALO ALTO, CA — Nanosys Inc., the leader in nanotechnology enabled systems, today announced the closing of a $15 million Series B financing. The series was financed by five top-tier venture capital firms. Series A investors — ARCH Venture Partners, CW Group, Polaris Venture Partners, and Venrock Associates — were joined by Prospect Venture Partners […]

NEW YORK — Venture-backed merger and acquisition activity saw a drop in volume during the fourth quarter of 2001 to 74 acquisitions with a combined, reported value of $1.66 billion, according to Venture Economics and the National Venture Capital Association. This compares with the prior quarter

SANTA CLARA, CA & YOKNEAM, ISRAEL — Mellanox Technologies Ltd., the leading provider of InfiniBand silicon, announced today it has secured $56 million in its third round of funding. The round, led by Bessemer Venture Partners, includes both existing and new corporate and financial investors. In addition to Bessemer, new investors participating in the round […]

NEW YORK — JPMorgan Partners (JPMP), the private equity arm of J.P. Morgan Chase & Co. (NYSE: JPM), announced today that Alan Marty has joined the firm as an executive-in-residence to drive the expansion of the firm’s investment in the nanotechnology arena. Mr. Marty will work closely with an interdisciplinary team at JPMP to evaluate […]

ATLANTA — Discrete Wireless today announced the completion of a $1.3 million Series B equity capital round of private investment. This followed a series 1 “seed” equity capital private placement in July 2000, bringing the total amount raised to more than $2 million. The company is currently in discussion with local and national venture capital […]

PLEASANTON, CA — HCORP Inc. (formerly EdeNET Communications Inc.) today announced the closing of its second round of venture capital funding, securing more than $19 million. HCORP is the leader in delivering interactive digital education, entertainment, communication and compliance services to improve the delivery of healthcare in hospitals. The $19 million in new funding has […]

SAN FRANCISCO — Fremont Partners announced that it has closed on $920 million of commitments for Fremont Partners III, a private equity fund established to continue Fremont Partners’ successful middle market investment program. The fund exceeded its $850 million target and represents a significant increase over Fremont Partners II, a $605 million fund established in […]

FORT LAUDERDALE, FL – Hostopia, an industry leader in outsourced private-label web hosting for businesses, has secured funding of US $5 million from TELUS Corporation, one of Canada’s leading telecommunications companies, and private investors. The funds raised will enable Hostopia to sustain its high rate of growth, eliminate its borrowings and achieve positive cash flow […]

PLANO, TX — MindFlow Technologies, Inc., today announced that it has received $5.6 million in second-round funding from a syndicate that includes JMI Equity LP, based in San Diego, CA, as well as Castletop Capital and Triton Ventures, both of which are based in Austin, TX. MindFlow Technologies supplies intelligent business applications for strategic sourcing […]