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News & Updates - Tuesday, August 29, 2006

Double-Take Software Plans To Do $86.2M IPO And Other Fresh Deals

Investments
CHAMPAIGN, IL Tekion Is Raising $24M in Series C (Micro Fuel Cells For Portable Computing)
FAIRFAX, VA MindShift Technologies Has Raised $18M In Series C (Managed Service Provider)
MOUNTAIN VIEW, CA Dash Has Raised $16M (GPS)
LOS GATOS, CA TrueDemand Software Has Raised $8M in Series B (Supply Chain Management Software)
SAN FRANCISCO, CA Jumpstart Automotive Media Has Raised $10M In A First-round (Online Automotive Ad Network)
SAN JOSE, CA PlayPhone Has Raised $9.1M In Series B Led By Menlo Ventures (Direct-to-consumer Mobile Content Distribution)
SASWKATCHEWAN, CANADA Solido Design Automation Has Raised Cnd$6.45M In Series B (Design Automation Software)
FRANCE Sarenza Has Taken €4M (Footwear Ecommerce)
SAN JOSE, CA Ario Data Networks Has Secured $4.3M of a $5.9M in Series A-1 (Bladed Storage/RAID Controllers)
SAN FRANCISCO, CA Groxis Has Raised $4M In Series B (Visual Search)
PALO ALTO, CA Picaboo Has Raised $1.95M in Series B (Digital Photo Album)
AUSTIN, TX iTaggit Raised $1.04M In Series A (Online Personal Asset Management)
ISRAEL Silent Communication Raised $1M From Chinese Telecommunications Giant Shenzen Junao Technology (Call Completion Solutions for Cellular Operators and Handset Manufacturers)
SWEDEN JAlbum Has Raised An Undisclosed Amount of Private Funding From Nordic Venture Partners (Photo/video Album Software)

M&A
LONDON, UK Apax Partners To Acquire A 49.7% Stake in Central European Media Enterprises For $190M From Ronald Lauder (TV Networks in Central/Eastern Europe)
HONG KONG China Digital Media [OTC Bulletin Board: CDGT] To Acquire a Minority Ownership Interest In Arable Media (Middleware Software/applications for TV Set-top-box)

IPO
SOUTHBOROUGH, MA Double-Take Software Plans To Raise $86.2M IPO (Storage)