« April 2008 | Main | June 2008 »
May 30, 2008
Spanish Open Source ERP Openbravo secures $12M
Web-based, open source Enterprise Resource Planning (ERP) and Point-of-Sale (PoS) solutions startup Openbravo, has received $12M in second round funding. The round was led by Amadeus Capital Partners, the European technology investor, and GIMV. The company boasts that this is the largest open-source ERP funding to date.
If you understand Spanish, here is a walk-through
The Pamplona, Spain-based startup sells its software to small and medium sized companies. Openbravo features a web-based interface, where the user can view the entire status of a company, including production information, inventory, customer information, order tracking, and workflow information
View - site
Posted at 06:26 AM | Posted to Business software | TrackBack | Permalink
Index Ventures Backed B-hive Bought By VMWare
VMware (NYSE: VMW) is buying Israeli's B-hive Networks for what has been put at several tens of millions of dollars.
B-hive monitors an application from the network, measuring the response time between a user action and an application response. Such monitoring watches the application from an end-user point of view instead of a systems management point of view, with emphasis on responsiveness.
Index partner and Venrock co-led the $7 million series A investment in B-hive.
Index gets in touch to say that the deal is significant for the following reasons:
+ Along with the recent acquisition of FilesX by IBM, the deal signals that the M&A market remains strong for advanced technologies with a capacity to alter the economics of the data center.
+ B-hive's technology builds a bridge between virtualization (which enables more compact, greener data centers) and automation (which leads to significant cost reduction and service level improvement).
Index continues to travel to Israel for portfolio investments that include Zend, Evolven and Worklight.
View - site
Posted at 06:24 AM | Posted to Buyout | TrackBack | Permalink
TMobile To Bring Pelago Mobile SocNet To Europe With Investment
img alt="pelago.png" src="http://www.thealarmclock.com/mt/archives/pelago.png" width="290" height="132" />
Seattle's Pelago has raised $15M to expand its mobile social networking application, Whrrl, in Europe and Asia. Whrrl allows cell phone users to spot their friends' locations on a map thanks to GPS.
Whrrl on Facebook
Whrrl on Blackberry
The apps look neat and sure the market is promising but Whrrl is early stage with a very limited users base. Much of the excitement around Pelago surrounds its CEO and founder Jeff Holden who can claim some credit for the success of Amazon.com. He was SVP, Worldwide Discovery and SVP, Consumer Applications. He was more or less a founder of Amazon having been there since 1997.
The $15M for Pelago comes from Deutsche Telekom, India's Reliance Technology Ventures, DAG Ventures, Kleiner Perkins, Trilogy Equity Partners and Bezos Expeditions.
View - site
Posted at 06:22 AM | Posted to Wireless | TrackBack | Permalink
Skype Founders Invest in Russian's Enter Media
Russia's Enter Media has raised funding from Skype investor Mangrove Capital Partners and ABRT Fund. Quintura says the amount of the funding may be around $1M. This seems like a very early investment for a tiny Russian market. We had assumed this was a technology company looking to go global but it appears at this point that Enter Media is really just putting its arms around Russian gamers.
View - site
Posted at 06:20 AM | Posted to Advertising | TrackBack | Permalink
May 14, 2008
Salesforce.com Launches 1M Pound Investment Contest
Salesforce.com and Eden Ventures have launched a 1M pound investment challenge. The winner will have the opportunity to negotiate with Eden Ventures for a potential investment of up to 1 million pounds.
We have to say this strikes us nothing more than a press stunt. There is no comitment on the part of Salesforce or Eden.
View - site
Posted at 07:02 AM | Posted to Specialized Software | TrackBack | Permalink
