Clearlake Capital-backed NetMotion Wireless hires Kenessy as president

By Iris Dorbian — 3 weeks ago

NetMotion Wireless, which is backed by Clearlake Capital, has appointed Christopher Kenessey as president. Previously, Kenessey worked at The Foundry where he was chief sales and marketing officer as well as Cisco where he served as director of worldwide sales and operations for the company’s intelligent automation business unit. Seattle-based NetMotion is a provider of mobility management solutions.

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Big data company Platfora reels in $30 mln

By Iris Dorbian — 2 months ago

Platfora, a big data discovery platform, has raised $30 million in funding. The investors were HSBC, Harmony Partners, Allegis Capital, Andreessen Horowitz, Battery Ventures, Citi Ventures, Cisco, Sutter Hill Ventures and Tenaya Capital.

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Cisco to buy VC-backed Lancope for $452.5 mln

By Iris Dorbian — 3 months ago

Cisco has agreed to acquire Alpharetta, Georgia-based Lancope, a network security company, for $452.5 million. The deal is expected to be completed in the second quarter of 2016. Lancope’s backers include Canaan Partners and HIG Capital.

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VC-backed wireless power company uBeam appoints COO and CFO

By Iris Dorbian — 4 months ago

Santa Monica, California-based uBeam, a wireless power company, has named Jeff Devine as COO and Monica Hushen as CFO. Most recently, Devine worked at Cisco where he served as vice president of supply chain management while Hushen oversaw finance for Palm’s global operations. UBeam’s backers include Upfront Ventures, Andreessen Horowitz, Ludlow Ventures, Mark Cuban, Marissa Mayer and Tony Hsieh.

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Vector Capital-backed Technicolor to buy unit from Cisco

By Chris Witkowsky — 7 months ago

Vector Capital-backed Technicolor has agreed to buy the customer premises equipment business from Cisco for $600 million in cash and stock. Under terms of the agreement, Technicolor will pay about $450 million in cash and about $150 million in newly issued Technicolor shares. The two companies also are forming a strategic partnership to develop next generation video and broadband technologies.

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Cisco to invest up to $1 bln on U.K. digitization

By Chris Witkowsky — 7 months ago

Cisco will invest up to $1 billion over the next three to five years to support to growth of the U.K.’s digitization plans. This second round of investment follows Cisco’s $500 million commitment to the country made in 2011. Investment helps support various initiatives in the country like the British Innovation Gateway that helps nurture U.K. innovation and entrepreneurship. A $150 million investment for Internet of Everything UK start-ups and venture capital investments focus on Cisco key priorities, including Internet of Everything applications across financial technologies, retail, healthcare and smart city development.

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Cloud security automation company HyTrust picks up $33 mln

By Iris Dorbian — 10 months ago

Mountain View, California-based cloud security automation company HyTrust Inc has raised $33 million in funding. Accelerate-IT Ventures led the round with participation from other investors that included Vanedge Capital, Epic Ventures, Granite Ventures, Trident Capital, Cisco, Fortinet, Intel Corp and VMware. In addition to the funding, HyTrust has added Brian Nugent, a general partner at AITV, to its board of directors while AITV co-founder and General Partner Bill Malloy III, and Moe Kermani, a partner at Vanedge Capital, have been named as board observers.

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Cisco to invest in KeyTone Cloud

By Chris Witkowsky — 1 year ago

Cisco will make a strategic investment in KeyTone Cloud, a hybrid-cloud platform technology and technical service provider in China. Earlier in 2014, KeyTone Cloud completed a Series A funding co-led by Gobi Partners and CBC.

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PE-backed Sonru recruits new COO and CMO

By Iris Dorbian — 1 year ago

Irish video interview firm Sonru has hired Jeff Jones as chief operating officer and Paul O’Mahony as chief marketing officer. Previously, Jones worked at such firms as The Walt Disney Company and Adventis while O’Mahony has worked at a number of software companies that include EMC and Cisco. Sonru is backed by Saphir Capital Partners.

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