Probitas Partners has promoted San Francisco-based Jeff Mills to principal and New York-based Stephen Salyer to vice president. www.probitaspartners.com
IBM has agreed to acquire Princeton Softech Inc. from Apax Partners and LLR Partners for an undisclosed amount. Princeton Softech is a Princeton, N.J.-based developer of data management software. www.ibm.com www.princetonsoftech.com
WiChorus Inc., a San Jose, Calif.-based mobile broadband infrastructure company, has raised $15 million in Series B-1 funding, according to a regulatory filing. Mayfield Fund led the deal, and was joined by return backers Accel Partners and Redpoint Ventures. WiChorus had raised an $8.5 million Series B round in June 2006. www.wichorus.com
Generation Partners has promoted Andrew Hertzmark to partner. He joined the firm in 2004 to focus on healthcare services, before which he was with Galen Associates. www.generation.com
Isto Technologies Inc., a St. Louis-based orthobiologics company, has raised $8.8 million in Series E funding, according to VentureWire. Ascension Health Ventures led the deal, and was joined by return backers Alafi Capital, Life Sciences Partners, Mid-America Transplant Services and individual angels. Isto has raised nearly $26 million in total VC funding since 2000. www.istotech.com
Virident Systems Inc., a Los Altos, Calif.-based computer hardware startup, has closed its Series A round with $13.3 million. PE Week Wire first reported on the deal back in April. Artiman Ventures led the deal, and was joined by Spansion LLC, individual angels and members of company management. www.virident.com
Celator Pharmaceuticals Inc., an oncopharmaceutical company with offices in Vancouver and Princeton, N.J., has raised US$10 million in Series C funding. Return backers include Domain Associates, Quaker BioVentures, TL Ventures, Ventures West Management, GrowthWorks, the Business Development Bank of Canada and Healthstone Investment Ltd. Celator has now raised $57 million in total VC funding since […]
Hoodiny Entertainment Group, a digital content production company focused on the Latino market, has raised $9 million in Series B funding. No investor information was disclosed by the company, which previously had raised a $2 million Series A round. Hoodiny has offices in Madrid, Spain and Miami, Florida. www.hoodiny.com
Virtusa Corp., a Westborough, Mass.-based provider of IT consulting, technology implementation and application outsourcing, raised $61.6 million through its IPO. It priced 4.4 million common shares at $14 per share ($14-$16 range), for an initial market cap of approximately $320 million. Virtusa will trade on the Nasdaq under ticker symbol VRTU, while JPMorgan servedas lead […]
Network Communications Inc., a Lawrenceville, Ga.-based print and online publisher of real estate information, has acquired By Design Publishing, a provider of personal marketing solutions for real estate agents. No financial terms were disclosed. Network Communications was acquired by in January 2005 by Citigroup Venture Capital Equity Partners. www.livingchoices.com