Outspark Inc., a San Francisco-based provider of a “virtual playground” for online gamers , has raised $11 million in Series B funding. Tencent Holdings Ltd. of China led the round, and was joined by return backers Altos Ventures and DCM. PRESS RELEASE Outspark, a new unique publisher and operator of free online community games, […]
Canopy Financial, a San Francisco-based provider of technologies for connecting healthcare and financial services, has raised $15 million in VC funding. Granite Global Ventures led the round, with Financial Technology Partners serving as placement agent. PRESS RELEASE Canopy Financial, a leading provider of innovative technology solutions that connect healthcare and financial services, today […]
SunGard has acquired the assets of Financial Technology Integrators LLC, a provider of Web-based portfolio management, pre-trade compliance, regulatory compliance, performance reporting and modeling systems. No financial terms were disclosed. SunGard was acquired in 2005 by seven private equity firms. www.sungard.com
TA Associates has made the following promotions: Jennifer Mulloy from principal to director; Harry Taylor from senior VP to principal; Christopher Parkin from VP to principal; Roy Burns from VP to senior VP; Mark Carter from VP to senior VP; and Hythem El-Nazer from associate to vice president. PRESS RELEASE TA Associates, a leading […]
Rocket Software, a Boston-based maker of enterprise infrastructure products, has acquired the assets of Arkivio Inc., a Mountain View, Calif.-based provider of storage software. No financial terms were disclosed. Arkivio had raised $15 million since 2001 from firms like Globespan Capital Partners, Voyager Capital and Valence Capital Management. PRESS RELEASE Rocket Software (www.rs.com), a Boston-based […]
Aruba Networks Inc. (Nasdaq: ARUN) has agreed to acquire Airwave Wireless Inc., a San Mateo, Calif.-based provider of WLAN management software for configurable networks. The deal is valued at $37 million in cash and stock. Airwave had raised VC funding from Ignition Partners, Idealab and Westbury Equity Partners. PRESS RELEASE AirWave Wireless (www.airwave.com), a […]
Sarah Reed has joined Lowenstein Sandler as a partner, marking the opening of the venture/tech law firm's Boston office. She previously was general counsel at Charles River Ventures. PRESS RELEASE Lowenstein Sandler's Tech Group, one of the nation's leading venture and technology law practices, announced today that Sarah Reed has joined the firm as […]
Bill Bryant has joined Draper Fisher Jurvetson as a venture partner, focused on opportunities in the Pacific Northwest. Bryant is a former venture partner with Atlas Venture, who has co-founded such companies as Netbot and Qpass. www.dfj.com
Omeros Corp., a Seattle-based drug company focused on receptor and enzyme therapeutics, has filed for a $115 million IPO. It plans to trade on the Nasdaq under ticker symbol OMER, with Deutsche Bank Securities serving as lead underwriter. The company has raised approximately $110 million in total VC funding, from firms like ARCH Venture Partners, […]
The Draths Corp., an Okemos Mich.-based “green” bio-chemical engineering company, announced that it has raised $5 million in Series B funding from Khosla Ventures. peHUB reported on the deal last month, based on a regulatory filing. Draths aims to produce a key building block to anti-influenza drug Tamiflu, and also to develop new anti-influenza drugs […]