News and Analysis

Allegro Media Group, a producer of audio and video content, has raised $37 million in new funding. The round includes equity from existing shareholder Canterbury Park Capital, and a subordinated note and revolving line of credit from U.S. Bank. Allegro also announced that it has acquired Softland Corp., the exclusive distributor of audio and video […]
FRANKFURT, May 14 (Reuters) – The chairman of German chipmaker Infineon (IFXGn.DE: Quote, Profile, Research) has talked with private equity group KKR's Europe chief about a merger between Infineon and KKR-owned chipmaker NXP, a newspaper reported on Wednesday. The Financial Times Deutschland (FTD) daily said such an entity would have annual sales of over 10 […]
The Clear Channel saga headed into its final chapter at 11:11 last night, when the company announced that the financing dispute over its buyout had been resolved. Bain Capital and THL Capital will now pay $36 per share to acquire Clear Channel, as opposed to the standing $39.20 per share. In exchange, they will pay […]
SOA Software Inc., a Los Angeles-based provider of SOA and Web services management, security and governance solutions, has acquired LogicLibrary, a Pittsburgh-based SOA repository and governance vendor. No financial terms were disclosed.   SOA has raised over $40 million in VC funding since 1998, from firms like Draper Fisher Jurvetson, Redpoint Ventures, Mellon Ventures, Paladin […]
GlobalLogic Inc., a Vienna, Va.?based provider of outsourced software product engineering services, has acquired Dalian 3CIS, a China-based software development company. No financial terms were disclosed. GlobalLogic has raised nearly $50 million in VC funding from firms like Sequoia Capital India, New Atlantic Ventures and New Enterprise Associates.    PRESS RELEASE GlobalLogic, Inc., the leader […]
Update: CNBC and others reporting a settlement has been reached, with the banks funding the buyout at $36 per share (agreement was for $39.20 per share). Could a deal finally be in the works between Clear Channel and its reluctant lenders? That’s the market read this morning on news that related legal proceedings have been […]
PlayPhone Inc., a San Jose, Calif.-based mobile media and entertainment company, has acquired Pitch Entertainment Group, a UK-based provider of mobile entertainment content. No financial terms were disclosed. PlayPhone has raised around $30 million in VC funding from Scale Venture Partners, Cardinal Venture Partners and Menlo Ventures   PRESS RELEASE   In a strategic move […]
Embarcadero Technologies Inc., a San Francisco-based provider of data management solutions, has acquired development tools group CodeGear from Borland Software Corp. (Nasdaq: BORL). No financial terms were disclosed. Embarcadero was taken private last summer by Thoma Cressey Bravo. PRESS RELEASE Embarcadero Technologies, a privately-held company of Thoma Cressey Bravo, today announced that they signed a […]
Xobni Corp., a San Francisco-based provider of email analytics software, has acquired the IP assets of Firedrop, a failed Web 2.0 company that had raised $100 million before being acquired MetricStream in 2004. No financial terms were disclosed. Firedrop had created something called Zaplets, which placed synchronized applications into email messages. Xobni has raised over […]
Broadweave Networks, a South Jordan, Utah-based fiber-optic service provider, has acquired Provo, Utah's citywide fiber-optic. The deal is valued at $40.6 million, with Sorenson Capital sponsoring the deal for Broadweave. PRESS RELEASEMayor Lewis K. Billings announced yesterday the sale of Provo's citywide fiber-optic system to Broadweave Networks, a local fiber-optic services provider. Billings announced the […]

Copyright PEI Media

Not for publication, email or dissemination