Apptio, a Bellevue, Washington-based provider of SaaS-delivered Technology Business Management solutions this morning announced that it has closed a $16.5 million Series C round – the company has now raised up to $37.5 million in venture capital.
The financing round, which the company says was oversubscribed, was led by Shasta Ventures, with participation from all [...]
Posted on September 5th, 2010 by admin
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It looks like the bidding war for 3PAR could be over. Dell has just issued a release indicating that it will not increase its most recent $2 billion proposal to acquire 3PAR, and the company’s has ended acquisition talks for the data storage company. Dell is entitled to receive a $72 million break-up fee from [...]
Posted on September 2nd, 2010 by admin
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In a short amount of time since its launch in April, 2009 and its redesign a year later, realtime analytics startup Chartbeat has gained an impressive following of more than 2,500 paying corporate customers. All of this was done so far with 5 employees, led by general manager Tony Haile.
Now, the betaworks-incubated company has [...]
Posted on September 1st, 2010 by admin
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Atlantis Computing, a Mountain View-based provider of Virtual Desktop Infrastructure storage and performance optimization solutions, this morning announced that it has closed a $10 million Series C investment co-led by Partech International, El Dorado Ventures and Cisco.
Atlantis says it intends to use the capital to fund sales growth, marketing activities and international expansion.
Atlantis’ ILIO [...]
Posted on August 26th, 2010 by admin
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Intel has just announced that it will acquire Texas Instruments’ cable modem product line. Terms of the deal, which is expected to close in the fourth quarter of 2010, were not disclosed.
Unsurprisingly, Intel says the acquisition will help further its foray into providing chips to the cable and consumer electronics industries. Intel wants [...]
Posted on August 16th, 2010 by admin
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Jive Software, the maker of an all-in-one social enterprise software, has just raised $30 million in Series C funding led by Kleiner Perkins Caufield and Byers with existing investor Sequoia Capital participating in the round. This brings Jive’s total funding to a whopping $57 million. Jive’s CEO Tony Zingale declined to reveal the valuation of [...]
Posted on July 22nd, 2010 by admin
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Backupify, a startup that provides online backup, archiving and export services for cloud-based social media and SaaS data, is rolling out its application for Google Apps. This will allow any Google Apps users to backup all data stored in their Gmail, Docs, Calendar, Contact and Sites accounts.
Designed for SMBs using Google Apps, Backupify uses [...]
Posted on July 17th, 2010 by admin
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It is not often that a company’s first round of venture funding comes in at $60 million and eight years after it was founded with $10,000 worth of credit card debt. But Atlassian, which was founded in Sydney, Australia in 2002, is taking its first venture money today from Accel Partners. The company [...]
Posted on July 14th, 2010 by admin
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Conformity, creators of a suite of on-demand solutions to enable organizations to centrally manage users of SaaS and cloud applications, this morning announced it has secured an additional $3 million in Series A financing led by Guggenheim Venture Partners.
The new funding is in addition to the $3 million raised in January 2009 and will [...]
Posted on June 7th, 2010 by admin
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IBM is acquiring Sterling Commerce from AT&T for approximately $1.4 billion in cash. Sterling Commerce applications streamline the commerce lifecycle from selling to fulfillment to payments. The deal is expected to close in the second half of 2010.
IBM says the acquisition of Sterling will expand its ability to help organizations connect and communicate with [...]
Posted on May 24th, 2010 by admin
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