BOSTON and MENLO PARK, CA — TA Associates, one of the
nation’s leading buyout and private equity firms, announced today that A.
Bruce Johnston is rejoining TA as a Managing Director in the Boston office,
focusing on recapitalizations and management-led buyouts of technology
Johnston rejoins TA Associates from idealab! where, as President of idealab!
Boston, he established the Boston office. Prior to his two years at
idealab!, Johnston spent seven years at TA focusing on technology
NEW YORK — TradeCard, Inc, the financial supply chain service provider, today announced that it has raised an
additional $25.5 million of equity capital. TradeCard has raised a total of $70
million of equity capital since inception. Warburg Pincus, the private
equity investment firm and majority shareholder in TradeCard, led and
guaranteed the successful completion of the round. In addition, a
of other TradeCard shareholders also participated in the financing.
SALT LAKE CITY — Lineo Inc., a leading innovator of
embedded systems and real-time solutions, today announced a restructuring
that includes a reduction in force and the expected spin out of peripheral
technology projects. This restructuring allows Lineo to focus on its core
competency of developing advanced embedded operating systems and development
tools that help developers and OEMs integrate open standards with proprietary
technology. Lineo will continue to develop its Embedix and RTXC operating
system platforms, providing developers with solutions for DSP, 8-, 16-,
32-bit and multi-core deployments.