Black Duck Software, an OSS logistics solutions provider, has received $5 million in funding. The investor was Siemens‘ venture capital unit. Also, the company has named Dean Vassiliou as vice president of success management and added Daniel Keshian to its board of directors. Keshian is a former managing director at Fairhaven Capital and venture partner at Greylock.Continue
First Read ends the week with news of RadioShack filing for bankruptcy, a small change [...]Continue
EQT has agreed to buy German engineering firm Siemens' hearing aid business for 2.15 billion [...]Continue
Siemens is likely to pick EQT next week to buy its hearing aids unit for about 2 billion euros ($2.5 billion), sources told Reuters.Continue
German engineering group Siemens is in advanced talks to sell its hearing-aids business for more than 2 billion euros ($2.5 billion), with private equity firm EQT the frontrunner, sources told Reuters.Continue
Israeli cyber-security startup CyActive has received an undisclosed amount of funding from Siemens‘ venture capital unit. According to the firm, the capital infusion will be used for research and development, expansion and growth.Continue
PE International has secured 10 million euros in funding from Gimv and Siemens‘ venture capital division. Also, the company has named Dr. Friedrich Fröschl to its board of directors. Headquartered in Germany, PE International is a provider of sustainability management solutions.Continue
CounterTack, which delivers real-time threat detection, has closed out its $20 million Series B funding with an investment from Alcatel-Lucent. Other investors in the Series B round include organizations in the commercial and federal sectors, including Goldman Sachs, the venture capital arm of Siemens, Fairhaven Capital, Razor’s Edge and OnPoint Technologies, the VC arm of the U.S. Army.Continue
In Second Opinion, Tamara Mellon, co-founder of Jimmy Choo shoes, says sexual discrimination and inequality [...]Continue
Southern Cross Renewable Energy Fund has led a $15 million Series B funding round in Sunverge Energy, a developer and manufacturer of distributed energy management systems. Southern Cross was joined by the venture capital unit of Siemens and Total Energy Ventures International.Continue
LanzaTech has secured Series D funding led by Mitsui & Co and also new investors Siemens via its venture capital unit and CICC Growth Capital Fund I. Existing investors include Khosla Ventures, Qiming Venture Partners, K1W1 and the Malaysian Life Sciences Capital Fund. LanzaTech is a gas fermentation technology business founded in New Zealand and headquartered in the US.Continue
Siemens Industry, Inc. said it agreed to acquire all of the stock of eMeter Corporation. The deal for the San Mateo, Calif., company is expect to close in December 2011. EMeter is backed by Sequoia Capital, Northgate Capital and Foundation Capital. No terms were disclosed. PRESS RELEASE Siemens to Acquire eMeter to Enhance Smart Grid […]Continue
After roughly a year of talks with various private equity firms, Nokia and Siemens have ditched plans to sell a stake in their joint venture Nokia Siemens Networks, Reuters reported. The companies had been in talks with private equity groups including Gores Group, Reuters said.Continue
Semprius, Inc. said Thursday it raised $20 million in a first tranche of a Series C round. Siemens Venture Capital led the investment round in the solar module maker and was joined by ARCH Venture Partners, Applied Ventures, Illinois VENTURES, Intersouth Partners, In-Q-Tel and GVC Investment. Semprius will use the funding to construct a pilot […]Continue
PE firms are in talks to invest in Nokia Siemens Networks, the network equipment joint venture owned by Nokia and Siemen.
However, neither Nokia nor Siemens is seeking an early exit from NSN, the Financial Times reported Sunday.
A handful of investors are interested in NSN. A deal could be worth $1 billion and raises the possibility of an IPO, the FT said.
Last month, the FT said that Blackstone and TPG were interested in NSN while Silver Lake Partners and Bain Capital were linked. Not all of the companies are still involved, a source told the FT.Continue
MUNICH/FRANKFURT (Reuters) – German industrial conglomerate Siemens has decided to scrap plans to sell its hearing aid unit because bids were too low, two sources familiar with the matter said. The formal decision will be made in the next few days, most likely on Tuesday or Wednesday, they told Reuters on Monday, adding Siemens Healthcare […]Continue
FRANKFURT/MUNICH (Reuters) – German industrial group Siemens (SIEGn.DE) is considering alternatives to disposal for its hearing aid unit because of low bids and may look at a tie-up or even growing it on its own. Board member Hermann Requardt told a general staff meeting on Tuesday Siemens was ready to explore distribution partnerships with retailers, […]Continue
MILAN (Reuters) – Italy’s Amplifon (AMPF.MI) has been contacted by several private equity funds for a possible tie-up with the hearing-aid unit of Siemens (SIEGn.DE) and Germany’s Geers, a person close to the talks said. “These funds are very interested in such an operation, which would combine Siemens Audiology, which is a manufacturer, with someone […]Continue