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Rooftop Media Inc., a San Francisco-based provider of on-demand audio/video programming like RooftopComedy.com, has raised $2.5 million in Series A funding led by Azure Capital Partners, according to VentureWire. www.rooftopmedia.net
Transonic Combustion Inc., a Cupertino, Calif.-based developer of fuel injection systems that enable conventional internal combustion engines to operate at higher efficiency, has raised an undisclosed amount of second-round funding. Venrock led the deal, and was joined by return backers Rustic Canyon and Khosla Ventures. www.tscombustion.com
BSG Alliance Corp., an Austin, Texas-based provider of on-demand enterprise software, has acquired The Contours Group, a Houston, Texas-based corporate/IT strategy and executive education. No financial terms were disclosed. BSG announced earlier this month that it had raised $20 million in VC funding from Foundation Capital, Hummer Winblad Venture Partners and Powershift Ventures. www.bsgalliance.com www.concoursgroup.com
Siemens has completed its acquisition of UGS Corp. for approximately $3.5 billion (including assumed debt), from Bain Capital, Silver Lake Partners and Warburg Pincus. UGS is a Plano, Texas-based maker of product lifecycle management software for industrial manufacturers. www.siemens.com www.ugs.com
Business Objects (Nasdaq: BOBJ) has agreed to acquire Inxight Software Inc., a Sunnyvale, Calif.-based provider of enterprise software solutions for unstructured information discovery. No financial terms were disclosed for the deal, which is expected to close in July. Inxight has raised over $50 million in VC funding from Deutsche Bank-affiliated funds, Dresdner Kleinwort Wasserstein, VantagePoint […]
SAN DIEGO (AP) – Wireless equipment maker Qualcomm Inc. said Wednesday it will invest 100 million euros ($134.6 million) in European companies that support 3G wireless innovation. The funds are meant to go toward small- and medium-sized startup companies that support 3G wireless innovation through mobile application or platform software, handset components, network infrastructure and […]
Southern Cross Venture Partners, an Australia-based early-stage venture firm, has closed its debut fund with Au$170 million in capital commitments. Limited partners include Macquarie Bank (Au$60 million), Industry Funds Management and SunSuper.
Blue Chip Venture Co. is hoping to raise up to $200 million for its fifth fund later this year, according to VentureWire. The Cincinnati-based firm raised $190 million for its fourth fund in 2001, and recently scored a bid exit when AOL agreed to acquire Third Screen Media for approximately 110 million. www.bcvc.com
Michael Murray has joined the advisory board of Calera Capital, a middle-market private equity firm formerly known as Fremont Partners. Murray most recently was head of corporate and I-banking with Bank of America. www.caleracapital.com
Calyon Credit Agricole CIB of France has beefed up its UK financial sponsors team with several new hires from the Bank of Ireland. They include managing director Grant Gardiner, executive directors Allan Clawson and Nathan Hawkes, director Nick Bellis, assistant director Charles Bowden and associate Lucy Morley.
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