Friday, April 27, 2007Pentadyne Looks For $100M IPO On AIMChatsworth-based Pentadyne Power, a developer of flywheel-based energy storage systems, is planning to float an IPO on the AIM, according to reports. The firm, which is venture backed by Accera Venture Partners, DTE Energy Ventures, Nth Power, Rustic Canyon Ventures, and Sempra Energy, markets its systems to companies looking to provide back-up power and power stablization. London's Alternative Investment Market (AIM) has been increasingly popular with venture backed firms to achieve liquidity, (More info...)
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The Active Network Buys InfoSpherixSan Diego-based The Active Network is in a deal to purchase InfoSpherix Incorporated, a subsidiary of Spherix Incorporated, in a deal disclosed Thursday. Spherix, a Maryland-based firm, said that it would sell its InfoSpherix subsidiary, which contracts with the government to design, host, and operate park reservation services and public service contact centers. Financial terms of the deal were not disclosed.
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Websense Acquires SurfControl For $400MSan Diego-based Websense said late Thursday that it is acquiring SurfControl PLC, a provider of web and email security, for approximately $400M. The deal calls for Websense SC Operations Limited, a subsidiary of Websense, to acquire all of the shares of SurfControl for 700 pence in cash. The deal is expected to close in four months, following regulatory approval in both the U.S. and the United Kingdom. Websense said it will finance the acquisition through existing cash, and debt from Bank of Ame (More info...)
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eForce Media Raises $7.6MSanta Monica-based eForce Media, a firm developing lead generation software, has quietly raised $7.6M in venture capital, according to numbers disclosed in the quarterly PricewaterhouseCoopers venture capital report earlier this week. The firm provides targeted cost-per-click advertising tools. eForce is headed by Anthony Mazzarella, who has served as Founder and CEO of AOptix Technologies, CFO of iMall, and has also been an investor in GreatDomains.com, Reunion.com, Supernation, and a number of (More info...)
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CoreObjects Finds $8.5MLos Angeles-based CoreObjects has raised $8.5M in an unannounced venture capital round. The funding was disclosed publicly in numbers released from PricewaterhouseCoopers in its quarterly venture capital report; however, the round was first disclosed in a regulatory filing in February. The round included involvement by Palomar Ventures. Girish Venkat, the firm's CEO, declined to discuss the funding with socalTECH earlier this month, saying that the planned to stay quiet for a few more months. Co (More info...)
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Emergent Game Technologies Raises $12MCalabasas-based Emergent Game Technologies has raised $12M in additional funding for the firm's online video game software, according to information released in the PricewaterhouseCoopers/NVCA Moneytree report earlier this week. Emergent has not announced the funding. Emergent's software is used by video game developers for developing Xbox 360 and PC games. The firm has previously received funding from Adena Ventures, Jerusalem Venture Partners, Walker Ventures, Worldview Technology Partners and (More info...)
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Networks In Motion Names VPAliso Viejo-based Networks In Motion said today that it has named David Shimoni as Senior Vice President of Worldwide Sales. Shinomi was most recently president of Mobixell Networks, and has also served at a VP at Comverse. Networks In Motion is developing location based services and wireless navigation products, and is backed by Mission Ventures, Redpoint Ventures, and Sutter Hill Ventures.
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Clone Interactive Receives $2.8MLos Angeles-based Clone Interactive, a USC spinout developing technology around 3D avatars, has quietly raised $2.8M from Mission Ventures, Selby Ventures, and the Tech Coast Angels. The firm commercializing technology from the University of Southern California that takes images of a face from any digital camera and creates a geometrically perfect, photorealistic 3D model.
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YouMail Names CTOYouMail, a Tech Coast Angels funded startup focused on customized voice mail services, has appointed a CTO for the firm. YouMail has hired Mike Rudolph as Chief Technology Officer of the company, according to executive search firm BridgeGate. Rudolph has served as Vice President of Product Management and Product Development at LogicalApps, and has also served at First Advantage.
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Integrien Appoints Marketing ExecIrvine-based Integrien, a firm developing software for predicting system outages and for systems management, said Thursday that it has appointed Roy Agostino as Chief Marketing Officer. Agostino joins the firm from Elemental Security, and has also served at Information Builders and Crystal Decisions. Integrien is backed by Acartha Group, Clearstone Venture Partners and the Tech Coast Angels.
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