Palo Alto-based Wheelz, the operator of a peer-to-peer car sharing company focused on college campuses, has raised $13.7M in a funding round. The firm said the Series A round was led by Zipcar, and also included Fontinalis Partners. Wheelz said that it has added Mark Schulz, founding partner at Fontinalis and former president of International Operations at Ford Motor Company, to its board with the funding, along with Jim Freer, formerly vice chairman of Ernst & Young. Wheelz is applying to peer-to-peer car lending concept--where anyone can let others rent their personal vehicles--specifically on college campuses.
Synopsys Completes Acquisition of Magma
Wednesday, February 22, 2012Mountain View-based Synopsys said today that it has completed its acquisition of San Jose-based Magma Design Automation. The deal was worth approximately $523M, or $7.35 per Magma share in cash. Magma is a developer of software used in the chip design process. The acquisition had originally been announced in November of 2011.
nScaled Secures $7M For Disaster Recovery
Wednesday, February 22, 2012San Francisco-based nScaled, a developer of cloud-based, backup and disaster recovery services, said this morning that it has raised $7M in a funding round. The Series A founding was led by Almaz Capital and Doughy Hanson Technology Ventures, and also included un-named Silicon Valley angels. The firm said the funding will go towards growth, expansion of its network of data centers, and software development, sales, and marketing. nScaled is headed by Mark Hadfield. nScaled is targeting mid-sized companies with its cloud-based disaster recovery and business continuity services.
Rapportive Confirms Acquisition By LinkedIn
Wednesday, February 22, 2012San Francisco-based Rapportive, which develops a Gmail plug-in for displaying social networking information about your contacts in your email, has confirmed its acquisition by LinkedIn. Financial details of the acquisition were not announced. Rahul Vohra, CEO of Rapportive, did not say what LinkedIn intends to do with Rapportive after the acquisition. The company was venture backed by Charles River Ventures, along with such angels as Dave McClure, Paul Buchheit, Jason Calacanis, Gary Vaynerchuk, Shervin Pishevar and Venture Hacks.
eBay Buys WHI Solutions
Wednesday, February 22, 2012eBay said late Tuesday evening that it has agreed to acquire WHI Solutions, which provides software and digital catalogs for the auto parts distribution market. Financial terms of the acquisition were not disclosed. eBay said it will integrate WHI into eBay Motors. WHi has offices in New York, New Jersey and Los Angeles.
Juniper Networks Buys Mykonos Software
Wednesday, February 22, 2012Sunnyvale-based Juniper Networks said today that it has acquired San Francisco-based Mykonos Software, a developer of intrusion prevention and security software. Juniper said it paid $80M in cash for Mykonos. Mykonos Software, which is headed by David Koretz. The acquisition was an extraordinarily quick one for Mykonos, which only announced a Series A in January, raising $4M from Paychex founder Tom Golisano, Scott Banister (Ironport), Jeff Clarke (Travelport, Orbitz) and Mike Jones (Clover Capital, Federated Clover).
| The ROI of Developing Your Employees - Webcast 2/23/2012 Free Webcast - Sponsored by TriNet The ROI of developing your employees: How to drive productivity and motivation to increase your bottom line Date: Thursday, February 23, 2012 Time: 12:00 PM – 1:00 PM Pacific Please join us for this must-view webcast on how to increase your bottom line through developing your employees. This webinar will be led by Debra Squyres, TriNet Executive Director of Human Capital Services, and will feature subject matter experts and TriNet Human Capital team members Liz Brashears and Rebecca Heyman. Our discussion will focus on the following topics: • Compelling statistics and examples outlining how creative employee development can increase employee engagement, satisfaction, and productivity • Investing in leadership development. How to introduce best practices to your company • Learn how employee development can be a key differentiator for your company • Discover low-cost and creative ways to personalize colleague development Register now at: https://www3.gotomeeting.com/register/303838574 |
| The ROI of Developing Your Employees - Webcast 2/23/2012 Free Webcast - Sponsored by TriNet The ROI of developing your employees: How to drive productivity and motivation to increase your bottom line Date: Thursday, February 23, 2012 Time: 12:00 PM – 1:00 PM Pacific Please join us for this must-view webcast on how to increase your bottom line through developing your employees. This webinar will be led by Debra Squyres, TriNet Executive Director of Human Capital Services, and will feature subject matter experts and TriNet Human Capital team members Liz Brashears and Rebecca Heyman. Our discussion will focus on the following topics: • Compelling statistics and examples outlining how creative employee development can increase employee engagement, satisfaction, and productivity • Investing in leadership development. How to introduce best practices to your company • Learn how employee development can be a key differentiator for your company • Discover low-cost and creative ways to personalize colleague development Register now at: https://www3.gotomeeting.com/register/303838574 |
Tuesday, February 21, 2012
Nanosolar Gets $20M
Tuesday, February 21, 2012San Jose-based Nanosolar, which is developing thin film, solar cell technology based on printing nanoparticle inks and CIGS solar circuits on panels, said last week that it has raised $20M in a funding round. The round came from current investors Mohr Davidow Ventures and OnPoint Technologies, along with new investor Aeris Capital. The firm said the funding will go towards continued expansion and new projects. Nanosolar is aiming at the utility-scale, solar power market.
Sugar Buys Circle of Moms
Tuesday, February 21, 2012San Francisco-based Sugar, Inc., the online publisher of women's websites and blogs which is backed by Sequoia Capital and Institutional Venture Partners, said Tuesday that it has acquired fellow San Francisco firm Circle Of Moms. Circle of Moms operates an online social network for mothers and prospective mothers-to-be. Financial terms of the buy were not disclosed. Sugar said that Circle of Moms will continue to operate independently as a subsidiary of the firm after the acquisition.
Stitch Labs Sews Up $1M
Tuesday, February 21, 2012San Francisco-based Stitch Labs, a developer of cloud-based, small business inventory management software, said today that it has raised $1M in a seed funding round. The round was led by True Ventures. Stitch Labs offers an online inventory management, customer-relationship management, reporting, order fulfillment, and analytics product. The firm was founded by Brandon Levey.
Intel Capital Backs Two Brazilian Firms
Tuesday, February 21, 2012Intel Capital, the venture capital arm of semiconductor giant Intel, said last week that it has invested in two, Brazilian companies, Fashion.me and Coquelux. Financial terms of the investment were not disclosed. Fashion.me is a provider of a social, e-commerce platform focused on fashion on the Internet. Coquelux is an online shopping club focused on premium and luxury flash sales. intel said it has now invested over $75M in 25 Brazilian companies since 1999.
Fluid Fills Up With $24M
Tuesday, February 21, 2012San Francisco-based Fluid, a developer of design and consulting services for for such brands as The North Face, Quidsi (Diapers.com, Wag.com), Sears, and others, said today that it has raised $24M in a growth equity funding. The funding came from Goldman Sachs Asset Management. Fluid said the investment will power expansion of its solutions and agency services. Fluid said the move will help drive the hiring of over 200 new employees in the next two years at the company. Fluid helps retailers with consulting, design and development, as well as associated products. The company said it was advised by ThinkEquity LLC in the transaction.
Friday, February 17, 2012
Compass Labs Finds $6M
Friday, February 17, 2012San Jose-based Compass Labs, a developer of software for managing social media advertising, said this week that it has raised $6M in a funding round. The round came from New Enterprise Associate sand Presidio Ventures. Compass Labs is led by Dilip Venkatachari. Compass Labs' software helps brands better target and understand their customers on social networks, via ad campaign management tools and analytics.
Pinwheel, Latest Startup of Flickr Co-founder, Debuts
Friday, February 17, 2012Pinwheel, a new startup headed by Flickr co-founder Caterina Fake, has launched into private beta, saying that it is looking to let users leave notes and photos to other people around the world. The startup--which is backed by Redpoint, True, Betaworks, Founder Collective, SV Angel, Obvious Corp, along with angels--said it is available for private beta on the web, with an iOS version coming soon. Pinwheel lets users tag specific locations with notes and photos, which other users can interact with. Details of the funding were not announced.
NetLogic Microsystems Acquisition Completes
Friday, February 17, 2012Santa Clara-based NetLogic Microsystems is now officially part of Broadcom, the two said this morning, after the acquisition of NetLogic by Broadcom completed. The deal was worth $3.7 billion, and had originally been announced in September. NetLogic makes multi-core processors, content processors, and other network processing chips.
E2Open Files For IPO
Friday, February 17, 2012Foster City-based E2Open, which operates a cloud-based business trading network, has filed for an IPO. The firm said it is looking to raise up to $86.25M in its IPO. The company has not set an exchange. The IPO is being underwritten by BofA Merrill Lynch, William Blair & Company, Pacific Crest Securities, Canaccord Genuity, and Needham & Company. E2Open is venture backed by Crosspoint Venture Partners, Seagate Technology, JK&B Capital, Invesco, B&M Ventures, along with others. E2Open's systems are used to smooth out trading and purchasing activities between companies.
Loyalize Acquired By Viggle
Friday, February 17, 2012San Francisco-based Loyalize, a developer of technology which allows audiences to interact with a show or brand during live TV shows, has been acquired. According to loyalty program operator Viggle, which is ownd by Function(x) Inc., it has acquired Loyalize, to enhance its experience. FInancial terms of the buy were not disclose. Loyalize allowed users to check in, answer questions, vote and express their opinions, and more in response to live TV events.
| The ROI of Developing Your Employees - Webcast 2/23/2012 Free Webcast - Sponsored by TriNet The ROI of developing your employees: How to drive productivity and motivation to increase your bottom line Date: Thursday, February 23, 2012 Time: 12:00 PM – 1:00 PM Pacific Please join us for this must-view webcast on how to increase your bottom line through developing your employees. This webinar will be led by Debra Squyres, TriNet Executive Director of Human Capital Services, and will feature subject matter experts and TriNet Human Capital team members Liz Brashears and Rebecca Heyman. Our discussion will focus on the following topics: • Compelling statistics and examples outlining how creative employee development can increase employee engagement, satisfaction, and productivity • Investing in leadership development. How to introduce best practices to your company • Learn how employee development can be a key differentiator for your company • Discover low-cost and creative ways to personalize colleague development Register now at: https://www3.gotomeeting.com/register/303838574 |
Thursday, February 16, 2012
Yelp Sets IPO Pricing Range
Thursday, February 16, 2012San Francisco-based restaurant reviews site Yelp has set its IPO pricing range, saying that it expects to offer up 7,150,000 shares of its common stock at between $12.00 and $14.00 per share. Yelp is looking to trade on the New York Stock Exchange as YELP. Yelp had filed for an IPO in November. Yelp is backed by Bessemer Venture Capital, Elevation Partners , Benchmark Capital, and Max Levchin.
QuickPay Gets Investment From Bill Ford
Thursday, February 16, 2012San Francisco-based QuickPay Corp., a developer of mobile apps used to pay for parking spaces, has scored an investment from the investment firm of William Clay Ford, Jr. Investment firm Fontinalis Partners, which is headed by Ford, announced the deal Thursday morning. Financial details of the investment were not disclosed. QuickPay's apps allow users to pay for parking using their mobile phone, offering up both iPhone and Android versions of its software. QuickPay is headed by Carl Muirbrok.
Backplane Finds Funding
Thursday, February 16, 2012Palo Alto-based Backplane, a developer of online community software which powers Lady Gaga's #Little Monsters web site, said today that it has raised a Series A round of funding. The round was worth $4.5M. The round included Sequoia Capital, Greylock Discovery Fund, Battery Ventures, Formation 8, Advance/Newhouse Investment Partnership an affiliate of Conde Nast, along with Google Ventures, Founders Fund Angel, Menlo Ventures, SV Angel, i/o Ventures and other angels. According to the firm, it will use the funding to scale out its technical talent and develop other communities. Backplane was founded by Matt Michelsen, Troy Carter, Alex Moore and Joey Primiani.
c3Nano Gets $6.7M
Thursday, February 16, 2012Hayward-based C3Nano, which is developing transparent electrode materials aimed at use in flexible displays, touch screens, solar cells, and other applications, said today that it has raised $6.7M in a funding round. The Series B funding was led by Phoenix Venture Partners, and also included GSR Ventures, an existing investors. C3Nano is developing carbon hybrid-based ink and film, which can be used as a transparent conductor.
| An Executive’s Guide to Cutting HR Costs An Executive’s Guide to Cutting HR Costs from TriNet Entrepreneurial execs know that they need to follow the rules, but they may not realize what decisions may lead to the two vital components that keep HR costs lower: 1. Increasing productivity 2. Minimizing human capital expenses The following paper will focus on minimizing human capital expenses in four areas: 1. Hiring the right person for the right seat on the right bus 2. Improving performance with motivational yet balanced total compensation 3. Complying with the law 4. Offering competitive benefits, communicated effectively Learn more at: http://www.socaltech.com/trinet/wp.php?id=3 |
Wednesday, February 15, 2012
Blue Coat Systems Acquisition Completes
Wednesday, February 15, 2012Sunnyvale-based BlueCoat Systems, the developer of web security and WAN optimization hardware, is now officially owned by private equity firm Thoma Bravo. According to Thoma Bravo, it paid approximately $1.3 billion for Blue Coat. Blue Coat's CEO, Gregory S. Clark, continues to lead the company. Blue Coat announced the deal in December.
SanDisk Buys FlashSoft
Wednesday, February 15, 2012Milpitas-based SanDisk, the maker of flash memory, said this morning that it has acquired FlashSoft, a provider of caching software for the solid state disk drive (SSD) market. Financial terms of the buy were not disclosed. SanDisk said it will sell FlashSoft's products standlone, as well as part of its products. FlashSoft was venture backed by Thomvest International, and had raised only $3M in funding back in June of last year.
Scripted.com Adds $150K
Wednesday, February 15, 2012San Francisco-based Scripted.com, the online marketplace for freelance writers, said today that it has raised $150,000 more in seed funding. The funding was led by former Redpoint Ventures EIR David Wu, and also included Crosslink Capital, Shopzilla CIO Jody Mulkey and Liveops Founder Douglas Feirstein. Scripted.com is led by Sunil Rajaraman. As part of the funding, the firm said it has added DJ Patil, the former Chief Scientist of LinkedIn, and 99designs Co-founder Matt Mickiewicz to its advisory board. Scripted.com connects freelance writers with small businesses, who need blog posts and social media posts written for them.
| An Executive’s Guide to Cutting HR Costs An Executive’s Guide to Cutting HR Costs from TriNet Entrepreneurial execs know that they need to follow the rules, but they may not realize what decisions may lead to the two vital components that keep HR costs lower: 1. Increasing productivity 2. Minimizing human capital expenses The following paper will focus on minimizing human capital expenses in four areas: 1. Hiring the right person for the right seat on the right bus 2. Improving performance with motivational yet balanced total compensation 3. Complying with the law 4. Offering competitive benefits, communicated effectively Learn more at: http://www.socaltech.com/trinet/wp.php?id=3 |
| Binary Pulse Technology Marketing: We Create Demand Binary Pulse Technology Marketing We Create Demand for California's Technology Companies For more than ten years, dozens of California's industry-leading tech firms have turned to Binary Pulse for their demand-generating strategies and programs. Our services include: -- Demand Generation Planning and Execution -- Channel Program Development -- Lead Capture and Management -- Web Site Development & Search Engine Marketing -- Corporate and Product Branding -- Online Integration Strategies -- Reseller Recruitment -- Multimedia Presentations -- Social Media Marketing Please visit us at http://www.binarypulse.com to learn more or give us a call at 949-336-7400. |
Tuesday, February 14, 2012
Garmin Buys Interphase
Tuesday, February 14, 2012Satellite navigation provider Garmin said this morning that it has agreed to acquire Soquel, California-based Interphase Technologies, a developer of phased array scanning sonar technology. Financial terms of the buy were not disclosed. Garmin said the buy will allow it to expand its marine product portfolio, particularly in the area of sonar technology. Interphase was founded in 1986. Garmin said it will continue to operate Interphase as Garmin Santa Cruz, with research and development continuing in Soquel.
LUMEnergi Names CEO
Tuesday, February 14, 2012Newark, California-based LUMEnergi, the venture-backed provider of network-controlled, lighting control products, said today that it has named Barry Weinbaum as its President and CEO. Weinbaum was most recently at Acuity Brands, and also served as CEO of Renaissance Lighting and NanoOpto, in addition to holding positions at Lucent Technologies and AT&T. LUMEnergy is venture backed by Braemar Energy Ventures, Low Carbon Accelerator, Noventi, Townsend VC, along with others.
Google DNS: 70 Billion Requests A Day
Tuesday, February 14, 2012Mountain View-based Google reported today that it is now seeing more than 70 billion request a day to its public, domain name system (DNS) servers, which it says makes it the largest public DNS service in the world. DNS is the system which is used by computers to translate web domain names into IP addresses, a critical piece of enabling the transfer of web and other data across the world. According to Google, it now provides its DNS service to "tens of millions" of people, with about 70 percent of its traffic coming from outside the U.S.
| An Executive’s Guide to Cutting HR Costs An Executive’s Guide to Cutting HR Costs from TriNet Entrepreneurial execs know that they need to follow the rules, but they may not realize what decisions may lead to the two vital components that keep HR costs lower: 1. Increasing productivity 2. Minimizing human capital expenses The following paper will focus on minimizing human capital expenses in four areas: 1. Hiring the right person for the right seat on the right bus 2. Improving performance with motivational yet balanced total compensation 3. Complying with the law 4. Offering competitive benefits, communicated effectively Learn more at: http://www.socaltech.com/trinet/wp.php?id=3 |
Monday, February 13, 2012
Bridgelux Lights Up With $25M More
Monday, February 13, 2012Livermore-based Bridgelkux, the developer of LED lighting technology headed by Bill Watkins, said today that it has scored $25M more in funding, via Chinese lighting firm Kaistar Lighting. Bridgelux said the funding will go towards research, development, and production of its LED chips and packaging technology. The new funding comes less than six months after a $15M round from its venture backers, which include VantagePoint Capital Partners, DCM, El Dorado Ventures, Novus Energy Partners, IFA, Chrysalix, Harris & Harris Group, Craton Equity Partners, Jebsen Asset Management, and Passport Capital.
Health Fidelity Digs Up Series A
Monday, February 13, 2012Menlo Park-based Health Fidelity said last week that it has raised a Series A funding round, to apply to its efforts to use natural language processing to mine for clinical healthcare data. The firm did not disclose the size of the funding. The round came from Charter Life Sciences, via Managing Partner Fred Schwarzer. Health Fidelity's software looks to extract medical information from unstructured, clinical healthcare data. The firm's technology is based on research from Columbia University.
Marin Software Scores $30M
Monday, February 13, 2012San Francisco-based Marin Software, which develops online advertising management software, said today that it has raised $30M in a funding round. The round was led by Temasek, and also included SAP Ventures, Benchmark Capital, Crosslink Capital, DAG Ventures, and Triangle Peak Partners. Marin Software said that Frank van Veenendaal, President of Worldwide Sales and Services at salesforce.com, joins the company's board along with the funding. Marin is led by Chris Lien.
Halt Medical Nabs $20M
Monday, February 13, 2012Livermore-based HALT Medical, a developer of medical devices for treating uterine fibroids, announced today that it has raised $20M in the first part of an ongoing, $50M funding round.The firm said the debt and equity funding came from American Capital Strategies. The firm said the funding will go to launch its system into markets worldwide.
Global Digital Solutions Acquires KRS Construction
Monday, February 13, 2012Folsom-based Global Digital Solutions, a provider of telecom engineering and consulting services, said today that it has signed a letter of intent to acquire Sacramento-based KRS Construction, provider of underground construction services for telecom carriers. Financial terms of the acquisition were not disclosed. Both serve the telecom market with their services.
Solar Junction Finds $19.2M
Monday, February 13, 2012San Jose-based Solar Junction, which is developing high-efficiency, multi-junction cells for the concentrated photovoltaic panel market, said this morning that it has raised $19.2M in a Series D funding round. The round came from strategic investor IQE, along with its existing investors New Enterprise Associates, Advanced Technology Ventures, and Draper Fisher Jurvetson. Solar Junction, which is headed by Jim Weldon, develops CPV cells which it says have a production efficiency advantage over current market leaders. IQE is a provider of semiconductor wafers.
| An Executive’s Guide to Cutting HR Costs An Executive’s Guide to Cutting HR Costs from TriNet Entrepreneurial execs know that they need to follow the rules, but they may not realize what decisions may lead to the two vital components that keep HR costs lower: 1. Increasing productivity 2. Minimizing human capital expenses The following paper will focus on minimizing human capital expenses in four areas: 1. Hiring the right person for the right seat on the right bus 2. Improving performance with motivational yet balanced total compensation 3. Complying with the law 4. Offering competitive benefits, communicated effectively Learn more at: http://www.socaltech.com/trinet/wp.php?id=3 |
| Binary Pulse Technology Marketing: We Create Demand Binary Pulse Technology Marketing We Create Demand for California's Technology Companies For more than ten years, dozens of California's industry-leading tech firms have turned to Binary Pulse for their demand-generating strategies and programs. Our services include: -- Demand Generation Planning and Execution -- Channel Program Development -- Lead Capture and Management -- Web Site Development & Search Engine Marketing -- Corporate and Product Branding -- Online Integration Strategies -- Reseller Recruitment -- Multimedia Presentations -- Social Media Marketing Please visit us at http://www.binarypulse.com to learn more or give us a call at 949-336-7400. |
| TriNet: Top 5 HR Compliance Concerns for Small Business As the economic horizon continues to shift and belts tighten, small and medium sized companies — who typically have between 10 to 500 employees and represent 99.7 percent of all employer firms according to the U.S. Small Business Administration (SBA) — may wind up being so focused on core business issues that they overlook one of their most potentially serious and costly issues — human resource compliance. Unlike their large-company counterparts, they lack the time and resources to build infrastructure and processes that are beyond core business objectives. But if entrepreneurs and smaller business owners are focused solely on growth and product, how do they know what issues to look for in order to protect the company? This is a must-read paper that discusses the top 5 HR compliance issues they may face. Download at: http://www.socaltech.com/trinet/wp.php?id=5 |
Thursday, February 9, 2012
Nivio Gets $21M, Expands in Palo Alto
Thursday, February 9, 2012Swiss virtual desktop services firm Nivio said today that it has raised $21M in funding, to expand its engineering efforts in Palo Alto and launch in the U.S. The funding came from Videocon, a conglomerate based in India, along with AEC Partners. Nivio operates a subscription, virtual desktop service which allows users to run virtual copies of Windows anywhere from their PC, tablet, or laptop.
Netvibes Acquired by Dassault Systemes
Thursday, February 9, 2012Netvibes, the developer of business dashboards software which is based in Europe, but has offices in San Francisco, has been acquired by Dassault Systemes. Financial terms of the buy were not disclosed. Netvibes was backed by Accel Partners and Index Ventures. Netvibes developed a business dashboard product which made it easy for users to track real time information about their businesses.
Francisco Partners Buys Healthcare Staffing Software Firm
Thursday, February 9, 2012
San Francisco-based private equity firm Francisco Partners said today that it has acquired Concerro, a provider of healthcare staffing and scheduling software. Financial terms of the buy were not disclosed. Francisco said the buy came through its existing portfolio company, API Healthcare. API Healthcare was advised by Wells Fargo Securities in the deal.



