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News Briefs

hi5 Networks Inc., a San Francisco-based social networking site with strong international presence, has raised $20 million in Series A funding led by Mohr, Davidow Ventures. The news was first reported by GigaOm. www.hi5.com
Aruba Networks (Nasdaq: ARUN) has agreed to acquire the wireless security business of Network Chemistry, a Palo Alto, Calif.
Transpera Inc., a Santa Monica, Calif.-based mobile video company, has raised an undisclosed amount of first round funding. Backers include First Round Capital, IDG Ventures Boston and Intel Capital. www.transpera.com
GuildCafe Entertainment Inc., a Cambridge, Mass.-based social media site for online gamers, has raised an undisclosed amount of first-round funding from IDG Ventures Boston. www.guildcafe.com
Kennet Partners has promoted Max Bleyleben to partner. He has been a director with the London-based firm since 2000, and has been involved with portfolio companies like Aspective, TradingPartners, Adviva Media and FRS Global. www.kennet.com
CIT Group Inc. (NYSE: CIT) has completed its acquisition of Edgeview Partners, a Charlotte, N.C.-based M&A advisory focused on serving financial sponsors and middle-market companies. No financial terms were disclosed. www.cit.com www.edgeviewpartners.com
TSG Consumer Partners has sold its stake in Alexia Foods Inc., a Long Island City, N.Y.-based natural foods company, to ConAgra Foods Inc. (NYSE: CAG). No financial terms were disclosed. Alexia was founded in 2002, and generates around $35 million in annual sales. www.alexiafoods.com
Cumberland Pharmaceuticals Inc., a Nashville, Tenn.-based specialty drug company that acquires and commercializes niche products, has set its IPO terms to 6.25 million common shares being offered at between $14 and $16 per share. It would have an initial market cap of around $285 million, if it were to price at the high end of […]
BladeLogic Inc., a Lexington, Mass.-based provider of data center automation software, has raised its IPO pricing range from $12-$14 per share to $16-$17 per share. It still plans to offer five million common shares, and trade on the Nasdaq under ticker symbol BLOG. Morgan Stanley and Merrill Lynch are serving as co-lead underwriters. BladeLogic would […]
Loopt Inc., a Palo Alto, Calif.-based mobile presence company that uses GPS to help locate friends, has called down $8.25 million of a $12 million Series B round, according to a regulatory filing. Return backers include New Enterprise Associates and Sequoia Capital. It previously raised an $5 million Series A round www.loopt.com
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