peHUB Second Opinion

In Second Opinion, HP is reportedly trying to buy Aruba Networks, China drops top tech brands for approved state purchases and three Brooklyn men are arrested and accused of plotting to join ISIS.


peHUB Second Opinion

In Second Opinion, Janet Yellen says the Federal Reserve is no hurry to hike up interest rates, Anthem’s data breach affected up to 70 million of its members and Comcast expects to close its $45 billion deal to buy Time Warner Cable in early 2015.


VC-backed MaxPoint Interactive sets IPO pricing terms

According to an amended SEC filing. MaxPoint Interactive has priced its IPO of 6.5 million shares between $10.50 and $12.50 a share. The company plans on listing the stock on the NYSE under the ticker symbol “MXPT.” Goldman Sachs, Deutsche Bank Securities and Pacific Crest Securities are serving as lead underwriters. MaxPoint Interactive is a digital advertising company that helps brands increase in-store sales. It is backed by Madrona Venture Group and Trinity Ventures.



peHUB Second Opinion

In Second Opinion, U.S. shopping malls prepare for attacks after jihadist threats, concern mounts as Homeland Security agency shutdown looks likely and a bionic eye implant lets a blind man see his wife for the first time in 10 years.


ScienceLogic picks up $43 mln in Goldman Sachs-led round

Goldman Sachs has led a $43 million Series D funding round for ScienceLogic. The company’s previous backers New Enterprise Associates and Intel Capital also participated in the round. Headquartered in Reston, Virginia, ScienceLogic is a provider of IT monitoring software.


GSV Capital adds NFL Hall of Famer Ronnie Lott to board

GSV Capital Corp has named Ronnie M. Lott and Bradford C. Koening to its board of directors. Also, William V. Campbell will be retiring from the board, said GSV Capital. Lott is a NFL Hall of Famer who co-founded HRJ Capital with fellow NFL Hall of Famer Joe Montana and Harris Barton, a former player for the San Francisco 49ers, in 1999. Koenig is the CEO and co-founder of Inc. Previously, he was a partner at Goldman Sachs.

VC-backed Syncsort completes William Data acquisition

Syncsort has closed its buy of UK-based William Data Systems, a maker of advanced network monitoring and security software products. No financial terms were disclosed. Syncsort’s backers include Insight Venture Partners, Bessemer Venture Partners, Goldman Sachs and Georgian Partners.


E-commerce site Jet raises $140 mln

Stealth e-commerce startup Jet announced it has raise $140 million in new funding led by Bain Capital Ventures. Also participating in the round are Accel Partners, Coatue Management, General Catalyst Partners, Goldman Sachs, Google Ventures, MentorTech Ventures, New Enterprise Associates, Norwest Venture Partners, Silicon Valley Bank, Temasek, Thrive Capital and others.


VC-backed MaxPoint files for IPO

MaxPoint Interactive, a digital advertising company that helps brands increase in-store sales, has filed for an IPO. The number of shares that will be sold as well as the pricing terms have yet to be set. Goldman Sachs, Deutsche Bank Securities Inc and Pacific Crest Securities LLC will serve as the lead underwriters. The company plans on listing the stock on the NYSE under the ticker symbol “MXPT.” MaxPoint is backed by Madrona Venture Group and Trinity Ventures.


Alternative lender SoFi snags $200 mln Series D

Alternative lender Social Finance Inc has raised $200 million in Series D funding. Third Point Ventures led the round with participation from other investors that included Wellington Management Company LLP and Institutional Venture Partners. Goldman Sachs was the placement agent.

D-Wave Systems snags C$29 mln

D-Wave Systems Inc, a quantum computing company headquartered in Burnaby, British Columbia, has secured C$29 million in funding. The investors in this round were not named; however, D-Wave’s previous backers include Bezos Expeditions, BDC Capital, DFJ, Goldman Sachs, Growthworks, Harris & Harris Group, In-Q-Tel, International Investment and Underwriting and Kensington Partners Limited.


Bain Capital to buy TI Automotive

Bain Capital has agreed to acquire TI Automotive. No financial terms were disclosed for the transaction that is expected to close in the middle of this year. Blackstone Advisory Partners is providing financial advice to TI Automotive while Goldman Sachs and UBS Securities LLC are serving as financial advisors to Bain Capital. Based in Auburn Hills, Michigan, TI Autmotive is a provider of fluid storage, carrying and delivery systems to automotive manufacturers.

Youth I.N.C. recruits PE vet Farrell as exec director

New York City-based Youth I.N.C., which helps youth-focused nonprofits grow their organizations, has named Rehana Farrell as executive director. Previously, Farrell served as chief operating officer at Cain Hoy Enterprises. Also, Youth I.N.C. has tapped John Waldron, who co-heads Goldman Sachs‘ investment banking division, as co-chair of its board.

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