Josh James, former founder of software provider Omniture, which was sold to Adobe for $1.8bn in 2009, started Sacho as a business intelligence technology start-up, which has yet to launch. WPP invested $25m in Omniture in January 2009 as part of a strategic partnership and sold its shares for $61.3m in its September exit to Adobe.
Month: May 2011
SMSC crosses over to BridgeCo
In 2004, chip makers Intel and Infineon’s corporate venturing fund participated in BridgeCo’s $16m series C financing round, with Intel Capital having previously invested in its B round.
GenKyoTex signs up MP
Takahiro Mukahira of MP Healthcare Venture Management will be a board observer at GenKyoTex.
Nestle digests Prometheus Labs
Nestlé Health Science, a subsidiary of Switzerland-based chocolate company Nestlé launched at the start of the year, will buy specialty pharmaceutical and diagnostic company Prometheus Laboratories for an undisclosed amount. Luis Cantarell, executive president of Nestlé Health Science, said: "This is a strategic move into gastrointestinal diagnostics. Prometheus’s leading edge diagnostics technology and outstanding sales force… Continue reading Nestle digests Prometheus Labs
Symantec snaps up Clearwell
Clearwell has raised $33m from Northgate Capital, which is majority funded by India-based industrial conglomerate Religare Enterprises, and venture capital firms DAG Ventures (formerly known as Duff Ackerman & Goodrich), Redpoint Ventures and Sequoia Capital.
Cameron Health beats with $107m
BoSci invested $30m in 2004 with an option to acquire the company and the company had in total raised about $180m before this latest round, according to news provider In Vivo
GreenRoad ploughs Virgin furrow
Shai Weiss, partner at Virgin Green Fund, said the fund was the largest single shareholder in GreenRoad.
PrimeTel reaches Intel
PrimeTel examines exit options.
9flats.com starts eVenture
German internet entrepreneur Stephan Uhrenbacher, the founder of the local review site Qype and the former head of northern European operations for the travel booking site Lastminute.com, launched 9flats in February.
TinyCo starts $5m fund
Suli Ali, chief executive at TinyCo, said: “We are thrilled to announce the launch of the TinyFund — a $5m fund to help promising iOS and Android developers bring hits to market.”
BlueCross plays with Healthbox
Healthbox will run a competition to find 10 entrepreneurial teams from around the US to participate in a three-month programme and receive $50,000 in seed capital.
Shire treats ulcer with deal
The $750m purchase price for Advanced BioHealing gives a 13 times return for Safeguard, which invested $26m.
Orphazyme snaps up CytRx assets
In February, Orphazyme Aps raised DKr22m ($4m) in a seed stage round from a consortium including local investor, Novo.
3M packs two more deals
3M New Ventures has invested in GoNano Technologies, a developer and manufacturer of nanomaterials for pollution control and sensory technologies, and Ecovative Design, which uses mushrooms for packaging.