Cisco Systems has agreed to buy PostPath Inc., a Mountain View, Calif.-based provider of email and calendaring software. The deal is valued at approximately $215 million. PostPath raised nearly $23 million in VC funding, from firms like Worldview Technology Partners, Matrix Partners and Jafco Ventures. The company's $1.6 million Series A round in late 2003 […]
BANGALORE (Reuters) – Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz) may post a loss in the third quarter on likely pre-tax writedowns of $3.5 billion, while Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) may incur $1.5 billion in writedowns, according to an analyst at Morgan Stanley. Analyst Patrick Pinschmidt […]
(Reuters) – The New York attorney general's office is probing the relationship between Fidelity Investments and Goldman Sachs Group Inc. in connection with the sale of auction-rate securities, the Wall Street Journal said, citing a person familiar with the investigation. Investigators are looking at whether Fidelity's relationship with Goldman may have given the mutual fund […]
Profex Inc., a Shanghai, China-based dermatology startup, has raised $15.5 million in Series A funding. The round was co-led by Trident Capital and its Chinese affiliate Mustang Ventures. PRESS RELEASE Trident Capital, an international venture capital firm, today announced that together with its investment partner in China, Mustang Ventures, the firm is leading a […]
Hercules Technology Growth Capital has secured a new credit facility for up to $300 million in capital, including an initial $50 million from Wells Fargo Foothill Lender Finance. Hercules is a Palo Alto, Caif.
The Active Network, a San Diego-based online community and application technology provider for the active lifestyle/sports market, has raised $80 million in Series F funding. Return backers include ESPN, Canaan Partners, North Bridge Venture Partners and Performance Equity Partners. Read more
Ed Mathers has joined New Enterprise Associates as a partner, with a focus on biotech and specialty pharma opportunities. He previously was with MedImmune as executive VP of corporate development and venture. PRESS RELEASE New Enterprise Associates, Inc. (NEA), a leading global venture capital firm, today announced that Edward “Ed” T. Mathers has […]
Aptana Inc., a San Mateo, Calif.-based provider of open-source web development software, has acquired Pydev, which is responsible for the Python software language. No financial terms were disclosed. Aptana raised $4 million from Accel Partners last year. PRESS RELEASE Privately held Aptana Inc., a leading provider of infrastructure for Web 2.0 application development and […]
HCL Technologies Ltd., an India-based global IT services provider, has acquired Control Point Solutions Inc., a Rutherford, N.j.-based provider of telecom expense management services. The deal values Control Point at $20.8 million. Control Point has raised VC funding from firms like ABS Capital Partners and JMI Equity. www.controlpointsolutions.com
Salary.com Inc. (Nasdaq: SLRY) has acquired InfoBasis Ltd., a UK-based provider of skills management software, for approximately $5 million. InfoBasis had raised under $2 million in VC funding from Oxford Capital Partners. According to VentureWire, the most recent infusion from Oxford was at an Gbp8 million valuation. PRESS RELEASE Salary.com, Inc. (Nasdaq:SLRY), a leading […]