ScanScout Inc., a Cambridge, Mass.-based developer of software for inserting contextual advertising into Internet video, has raised $7 million in second-round funding. General Catalyst Partners led the deal, and was joined by return backers First Round Capital and angel Ron Conway. www.scanscout.com
Power Challenge AB, a Sweden-based publisher of online multiplayer sports games, has raised $8 million in first-round funding from Benchmark Capital. www.powerchallenge.com
Alcatel-Lucent (NYSE: ALU) has agreed to acquire NetDevices Inc., a Sunnyvale, Calif.-based maker of services gateway products for enterprise branch networks. No financial terms were disclosed. NetDevices has raised around $48 million in VC funding since its 2003 formation, from firms like Artiman Ventures, Columbia Capital, ComVentures and JumpStartUp Advisors. www.netd.com
SAP AG (NYSE: SAP) has agreed to acquire MaXware AS, a Trondheim, Norway-based developer of identity management software. No financial terms were disclosed. MaXware raised $5 million in late 2005 from Verdane Capital and Viking Venture Management. www.sap.com www.maxware.com
Leonard Foreman, former CFO of The New York Times Co., has agreed to join Veronis Suhler Stevenson's board of advisors. VSS is a media-focused private equity firm. www.vss.com
Chris Gammons has agreed to join Citigroup as a managing director covering Asia's private equity firms. He previously was with Deutsche Bank. www.citigroup.com
Varel Holdings Inc., a maker of drill bits for the oil & gas and mining industries, has acquired Pendemak Industries Ltd., Canadian distributor of Varel oil field drill bits for the past 26 years. The only financial terms disclosed were that Varel minority shareholder American Capital Strategies provided $16 million in the form of a […]
Firth Rixon Ltd., a Sheffield, UK
Medical Staffing Network Holdings Inc. (NYSE: MRN) has agreed to acquire InteliStaf Holdings Inc. from The Carlyle Group for $92 million in cash. InteliStaf is an Oakbrook Terrace, Ill.-based healthcare staffing company. Carlyle acquired a majority stake in 2000, and bought out minority shareholder RehabCare Group last year. www.intelistaf.com
John Sorkin has agreed to join Fried, Frank, Harris, Shriver & Jacobson LLP as a corporate partner in the firm's New York M&A practice. He previously was a partner in the corporate department of Latham & Watkins LLP. www.friedfrank.com