PE Hub Staff

BOSTON — Corechange Inc., a global provider of e-access framework software, today announced that it has raised $25 million in a Series C equity financing. Founded in 1996, privately held Corechange has raised $65 million to date and plans to use the funds raised in this financing round to expand its business and accelerate its […]

BALTIMORE — Sterling Venture Partners, an early-stage venture capital fund targeting telecommunications, information technology, business services, e-commerce, education and healthcare technology, today announced that Brian Hirsch has joined the firm as a principal. Sterling managing partner Eric Becker said Hirsch would work out of the firm’s Chicago office for several months before relocating to the […]

WASHINGTON — William E. Kennard, former chairman of the Federal Communications Commission (FCC), will join The Carlyle Group, one of the leading private equity firms in the world. Kennard, who was FCC chairman from November 1997 through February 2001, will serve as a managing director of Carlyle’s global telecommunications and media investing strategy. He assumes […]

RESEARCH TRIANGLE PARK, NC — WinCom Systems Inc., an Internet infrastructure company, today announced it has secured $32.9 million in second round funding from Crosspoint Venture Partners and TPG Ventures. WinCom Systems has developed an entirely-new class of infrastructure equipment which will revolutionize the data center network and will use the funding to drive this […]

PALO ALTO, CA – Wilson Sonsini Goodrich & Rosati (WSGR), the nation’s leading technology law firm, announced today that Robert S. Fore has joined the firm as a Partner in the Fund Services Group, which provides legal services and counsel to venture capital and other private equity funds. Fore comes to WSGR from the Bank […]

NEW YORK — Translations.com Inc., a leader in the field of Web site globalization and language solutions, today announced that the company has closed its first round of Series A financing. Deutsche Asset Management, through its affiliate Deutsche Bank Sharps Pixley, Inc., led the financing round with an investment of $2.5 million. Other investors in […]

SUNNYVALE, CA — AAMA, one of the oldest and largest business networking associations linking the Silicon Valley and Asia, announces the election of Ken Hausman to its Board of Directors. Hausman joins a diverse board of 12 members, a group of successful technology entrepreneurs that are collectively a microcosm of Silicon Valley with heritage from […]

NEWTON, MA

LAVAL, CANADA — The Solidarity Fund QFL and Innovatech Grand Montreal today announced respective investments of $2.5 million and $1.5 million in Amphitech International inc., a Laval-based company that has designed an airborne obstacle awareness radar system for helicopters. These investments complete the $5 million transaction, entered into with other private investors, who have injected […]

WASHINGTON DC –The Grosvenor Funds, a Washington, DC-based early stage venture capital firm, announces that Steven J. Bottum, formerly a partner with Thomas Weisel Partners, has joined The Grosvenor Funds as a Managing Partner and head of The Grosvenor Funds