DENVER — TViFusion Inc. a new media company formed to provide
outsourced services (including affiliate sales, advertising sales, technology services and
distribution) to start-up and early stage digital television channels, announced today that it
has secured a $10 million funding commitment from Warburg Pincus.
SOUTHBOROUGH, MA — SANgate Systems today announced that it has raised an additional $10 million in equity funding from Jerusalem
Venture Partners and Battery Ventures. The capital will help accelerate organizational growth and the development and delivery of the industry’s first enterprise storage appliance. The SANgate enterprise storage appliance enables customers to perform remote mirroring, point-in-time copies and data migration using any vendor’s storage subsystems.
SANgate provides the only enterprise-class solution supporting both mainframe and open systems environments.
DALLAS — American Capital Strategies Ltd. (Nasdaq: ACAS), a
publicly traded buyout and mezzanine fund, announced today that Jeffrey N. MacDowell has
joined the company as a principal in its Dallas office. Mr. MacDowell had been Vice
President-Finance and Corporate Development at Dynamex Inc. (Amex: DDN), a leading
provider of same-day delivery and logistics services in the United States and Canada.
HARTFORD, CT – Conning Capital Partners, the Hartford-based
private equity group, announced the sale of Sterling Collision Centers,
Inc. to Allstate Corporation (Allstate). Financial terms were not
Sterling operates a network of 39 collision repair stores in seven states
and nine metropolitan areas. In addition to its multi-state operation,
Sterling has re-engineered the auto collision repair process resulting in
improved costs to insurers and faster turnaround and enhanced customer
Sterling was founded in late 1997 by management and Conning Capital
Partners and has been backed during its ensuing development by Conning and
Berkshire Partners LLC.
SUNNYVALE, CA — K2 Optronics, Inc., a developer of optical components for the telecommunications industry, has appointed Catherine P. Lego to the Board of Directors. Ms. Lego is Managing Partner of The Photonics Fund, a participant in K2 Optronics