Wednesday, December 12, 2007Energy and Power Solutions Raises $20MCosta Mesa-based Energy and Power Solutions, a firm which helps manufacturing firms develop energy efficiency, renewable generation, and other "clean energy" projects, has raised $20M in a Series A financing. The funding came from NGEN and Robeco Groep, N.V., according to Windstone Capital partners, which advised the firm on the transaction. Energy and Power Solutions counts Tyco, UPS, Miller Beer, and Dean Foods as customers.
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Digital Domain Files For IPOVenice, California-based Digital Domain, a provider of digital imaging and visual effects for the film, television, and video game industry, has filed for an IPO. The firm said in a filing with the SEC that it is looking to raise up to $100M in an IPO on the NASDAQ as DTWO. The IPO is being underwritten by Thomas Weisel Partners, CIBC World Markets, William Blair & Company, Merriman Curhan Ford & Co., and GunnAllen Financial. The firm is backed by Falcon Mezzanine Partners and GunnAllen Financia (More info...)
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United Online Cancels Classmates IPOWoodland Hills-based United Online said today that it has withdrawn its S-1 registration for its Classmates unit. According to United Online, the firm is withdrawing its IPO because it believes that current market conditions would not be in the best interests of its stockholders. United Online had hoped to raise up to $125M in an IPO of Classmates, which helps people connect with old friends and associates. The firm will record transaction related costs of $4.5 to $5.5M due to the withdrawal.
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Evite Launches Mobile AppLos Angeles-based Evite, the online event planning service which is owned by IAC, said today that it has launched a new mobile applications for planning casual get-togethers. The new QuickVite application -- which also works on the web -- is targeted at helping Evite users coordinate informal outings with friends. According to Evite, the application makes it possible for peple to send out inivitations and respond using both email or text messages, from either computers or mobile phones. The firm (More info...)
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Iomega Buys ExcelStorSan Diego-based Iomega said today that it has agreed to acquire ExcelStor, a manufacturer of hard disk drives and other external storage products; Excelstor is the manufacturer of Iomega's REV products and some of its external hard disk drives. According to Iomega, it will issue 84 million shares of common stock for ExcelStor Great Wall Technology Limited (Cayman Islands) and Shenzhen ExcelStor Technology Limited (PRC). Based on Iomega's closing price Monday, the deal is worth approximately $305 (More info...)
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