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January 23, 2008
Deals in the News: MoMail, Dibcom, Cember.Net, TheCloud, Alfresco, and ipaccess
News from the venture market sees Xing buying Turkish socnet Cember.net, TheCloud making a German acquisition, while Cisco adds to the syndicate of investors backing ip.access in the UK. Elsewhere, Alfresco raised capital, a Swedish mobile email startup tapped investors for a nice sized first round, and a new board member for Dibcom suggests an IPO is in the works.
XING AG acquires cember.net, Turkey’s leading online business Network. About the acquisition, Xing's CEO Lars Hinrichs said: We view Turkey as being one of Europe’s fastest growing national economies. As well as proving a profitable company, cember.net has the key advantage of already being an established brand within Turkey. "
Read - XING Corporate Information
The Cloud Make German Buy To add 5,000 Hotels Networks VC-baced wireless network provider TheCloud has acquired GlobalAirNet AG (Ganag), for an undisclosed amount. Ganag, based in Munich Germany, claims 5,000 Wi-Fi access points located in over 300 hotels. The UK-based company now has a footprint that covers Germany, Sweden,Denmark, Norway and The Netherlands.
In a statement TheCloud's CEO predicted that the mobile network operators will "continue to wrestle with poor performing data networks over the coming 12 to 18 months" to his firm's benefit.
Read - THE CLOUD ANNOUNCES STRATEGIC ACQUISITION IN GERMANY
Alfresco, an open source content management system provider, has raised $9M in a series C round led by SAP Ventures. Early investors Accel Partners and Mayfield Fund also participated. ZDNET queries SAP's involvement in the round, but it also had a stake in recently acquired MySQL, so it is not the first time.
Read - Alfresco Secures
Momail Taps Angels and Institutional Investors for First Round. Momail a mobile email platform provider has raised a first round of funding of SEK 35 million ($5.4M), reports PEHub. Investors include the Swedish 6th Pension Fund and Bonnier Invest, as well as individual investors from Sweden, England, Russia and South Africa.
Read -Private Equity HUB - Momail Raises First Round
Former CSR Exec on Dibcom Board: Seen as Pre-IPO MoveEETimes is reporting that mobile TV chip startup DiBcom, based in Palaiseau, France, has brought on board Glenn Collinson , a co-founder and former exec at Bluetooth chip group CSR to its board, and suggests that move "another indication of DiBcom's plans to go for an IPO or stock market flotation soon".
Read - EETIMES Collinson
Cisco Backs UK-based Small-sized Basestation Firm. Also from EE Times comes the news that Cisco has taken a stake for an undisclosed amount in femtocell startup ip.access (Cambridge, England).
Read - Cisco invests in femtocell pioneer ip.access
Posted on January 23, 2008 07:52 PM | Posted to News And Updates | Permalink
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