AAA January 2013 – Page 9

Month: January 2013

GMPVC picks up JustBook

Aljoscha Kaplan, associate partner at GMPVC, says: “JustBook is one of the most exciting apps for travelers in Europe available today. The young company has a huge opportunity to take advantage of changing travel behavior. Ease and low costs of transportation coupled with increased interdependence mean that flexibility and spontaneity have become engrained in our daily lives, both private and business.”

Concur invests $5m in Yapta

Concur has invested $5m as a strategic investment in Yapta, a provider of airfare tracking and hotel rate tracking services. Rajeev Singh, president and chief operating officer at Concur, said: “In today’s economic environment, travelers are looking to get the best value from their travel spending. Many travelers aren’t even aware that that they could… Continue reading Concur invests $5m in Yapta

Dentsu drives into Digital Garage

Japan-based advertising company Dentsu took a 7% stake in Digital Garage, a Japan-based internet company, on January 11, for Y2.6bn ($29.1m). Digital Garage said: “Since the Digital Garage Group holds a significant amount of data through the management of Internet media and provision of e-commerce settlement platforms, and Dentsu offers a huge variety of solutions… Continue reading Dentsu drives into Digital Garage

Dentsu backs Maxifier

Dentsu Digital Holdings [DDH] has made a strategic investment in Maxifier, an advertising inventory revenue management company. Mutsumi Imaizumi, chief operating officer at DDH, said: “For DDH, this represents both a monetary investment and a business investment. As well as providing capital investment, we will also be working in partnership with Maxifier to develop opportunities… Continue reading Dentsu backs Maxifier

Sikorsky Innovations starts challenge

Sikorsky Innovations, the technology development organization of US-based helicopter maker Sikorsky Aircraft, has started its second Entrepreneurial Challenge. Laurence Vigeant-Langlois, director of business development and technology partnerships for Sikorsky Innovations, said: “In this next Entrepreneurial Challenge, we are expanding our scope to include complementary and transformational products, processes and business concepts.”

MicroGen Systems raises £2.6m

Belgium-based XTrion has led the $2.6m equity and debt round for US-based technology company MicroGen Systems. The oversubscribed round includes $800,000 from a separate licensing agreement, and a contract with the NY State Energy Research Development Authority Rudi De Winter, managing director of XTrion, which owns X-FAB Silicon Foundries, Melexis and M-MOS Semiconductor, said: “MicroGen’s… Continue reading MicroGen Systems raises £2.6m

ActaCell fits with Contour

ActaCell raised $5.8m in July 2008 from Applied Ventures, the corporate venturing unit of Applied Materials, and venture capital firms DFJ Mercury and Good Energies as well as Google.org’s RechargeIT programme to cut carbon dioxide.

GD buys OK labs

Open Kernel had raised nearly $10m from venture firms Chrysalis Ventures and Neo Technology Ventures and software provider Citrix Systems.

NetMotion Wireless sells to Clearlake

Clearlake Capital Group has acquired NetMotion Wireless, a US–based provider of mobile virtual private networks, for an undisclosed amount. NetMotion had raised more than $30m from from Japan-based financial services firm Mitsui’s Venture Partners and venture firms Dolphin Equity Partners, Northwest Venture Associates and Alexander Hutton Venture Partners.