Thursday, November 1, 2007Novalar Gets InvestmentSan Diego-based Novalar, a firm developing local dental anesthetic reversal agents, has raised a round of venture funding, according to venture firm New Enterprise Associates. Financial terms of the investment were not disclosed. NEA said that the round was a Series D funding, and that it has added Michael Raab to Novalar's board. Novalar has previously raised funding from Boston Millenia Partners, Domain Associates, and Sears Capital Management; however, NEA did not disclose if those investors (More info...)
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Fluid Media Networks Acquires TrusonicLos Angeles-based Fluid Media Networks said Thursday that it has acquired Trusonic, Inc., a provider of point-of-sale music distribution based in La Jolla, California. Financial terms of the acquisition were not disclosed. Trusonic's products are used by retailers to control the broadcast of music in their retail locations, via an Internet-based hardware platform. Trusonic was originally a unit of MP3.com. Fluid Media Networks said that Trusonic will continue to operate in La Jolla as a wholly o (More info...)
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Oplink Buys Optical Communications ProductsFremont-based Oplink Communications said Wednesday afternoon that it has completed the acquisition of the remaining 42 percent of outstanding common stock of Optilcal Communication Products, a Woodland Hills-based make of optical components. According to Oplink, it will pay approximately $80M, or $1.65 per share, to former holders of OCP's common stock for the firm. The merger was effective yesterday. The acquisition concludes the semi-hostile takeover of OCP by Oplink. The effort began in April (More info...)
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Specific Media Gets $100M FundingIrvine-based Specific Media said today that it has raised $100M in a funding from private equity firm Francisco Partners. The giant round of funding is the second round for the firm, and according to Specific Media will be specifically earmarked for acquisitions. The company said that it will also have access to further resources as necessary. Neil Garfinkel of Francisco Partners will join the company's board. Piper Jaffray advised Specific Media on the transaction. Specific Media said that it b (More info...)
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