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News & Updates - Friday, October 28, 2005

Eutelsat Scraps 1.2B Euro IPO & Other Fresh News

Investments
AUSTIN, TX Austin Logistics Nets $8M Series B (Business Analysis Software)
SUNNYVALE, CA CloudShield Technologies Secures $10M (Programmable Deep Packet Inspection Platforms for Security, VoIP, and Traffic Management Applications )
HOUSTON, TX PreCash Raises $10M Fourth Round (Electronic Payment Network)
CUPERTINO, Navio To Close Series B Of Over $20M (eCommerce)
PALO ALTO, CA Siemens Invests In GlooLabs (Wireless Networking)
SEATTLE, WA Wikisphere has raised $5.25M in Series A (Wiki Creation and Editing)
WASHINGTON, DC CreateHope has raised $3.8M in Series B (Solutions to Help Manage Corporate and Governmental Philanthropy)
HAREY YEHUDA, Israel Altantium Lasers is nearing a close on between $4M and $5M in VC funding. (Lasers for Handling Toxic Materials in Water and Air)
VIENNA, VA Innovectra has raised $4M in Series B (Software and Services Provider to the Directories, Newspaper and Catalog Industries)
ALLEN, TX Ceterus Networks has secured $8.77M of a $15.08M Series D funding (Metro Ethernet Transport)
SAN FRANCISCO, CA Omidyar Network, Marc Andreessen and Greylock Partners are among the investors putting up $2.8M for DIGG (News Aggregator)

M&A
NEWBURY, UK Azzurri Buys DVH (Telecom Ops)
PHILADELPHIA, PA AppLabs Merges With VisualSoft And ESolutions (Software Development, Testing and Certification)
HERZLIA, Israel Tdsoft has agreed to a reverse merger with VocalTec Communications (Nasdaq: VOCL) (VoIP Gateways)

IPO
PARIS, France Eutelsat has cancelled its IPO, citing unfavorable market conditions. It originally planned to raise 1.2 billion euros. Shareholders include Texas Pacific Group, Spectrum Equity Investors, GS Capital Partners, Cinven and Eurazeo. (Satellites)