US-based IT equipment company Cisco has agreed to buy CoreOptics for just under $100m and slightly more than its venture capital backers invested.
Tag: Information Technology
Venturers invests for Zend development
Zend Technologies, a US-based provider of software for developing and deploying hypertext preprocessor (PHP) applications to produce dynamic websites, has raised $9m in its sixth round of funding.
TSMC backs China venture fund
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chip maker, has agreed to invest $5m to start a venture capital company in Shanghai, China.
Safeguard backs Swaptree.com funding
Safeguard Scientifics, a medical technology company, has led the $6m funding for Swaptree.com, a US-based operator of an online goods exchange service.
Russia’s ‘Silicon Valley’ takes shape with US venture capital support
US-based venture capital firms have joined interest from strategic investors Cisco and Nokia in providing initial support for the creation of a Russian ‘Silicon Valley’ based outside Moscow. California-based Silicon Valley is home to many of the world’s largest independent VC funds and Russia has promised "unprecedented privileges" to the creation of its own version… Continue reading Russia’s ‘Silicon Valley’ takes shape with US venture capital support
McAfee buys Trust Digital
New York-listed software company McAfee has agreed to acquire corporate venturing-backed Trust Digital, a US-based provider of smartphone services.
Siemens shoots for Wirescan score
Siemens Venture Capital, the corporate venturing arm of Germany-based conglomerate Siemens, has co-led the initial external investment in Wirescan, a Norway-based company founded in 2005 to inspect power cables.
Oclaro leads ClariPhy funding
Strategic investors have backed US-based telecoms equipment company ClariPhy Communications’ $24m of third round funding. Nasdaq-listed equipment making peer Oclaro led the series C round for ClariPhy, and said it invested $7.5m. The remainder of the C round came from undisclosed strategic investors and its existing venture capital backers Norwest Venture Partners, Allegis Capital, Onset… Continue reading Oclaro leads ClariPhy funding