alarm:clock

News & Updates - Wednesday, September 27, 2006

MSFT Pays $130M For Israeli Smart Home Co Gteko Technologies And Other Fresh Deals

Investments
REDWOOD CITY, CA Visto has raised $51M (Mobile access)
SHANGHAI, CHINA Neusoft Group has raised $40M from Intel Capital (Software/solutions)
WASHINGTON, DC GridPoint has raised $21M in strategic 3rd-round funding led by Goldman Sachs (Energy management)
UK DeepStream Technologies has raised $15.4M in Series B funding led by 3i Group (Embedded sensors for electromechanical products)
SAN JOSE, CA Ario Data Networks has raised $8M (Mid-sized enterprise storage)
PALO ALTO, CA oDesk has raised $8M in Series B led by Benchmark Capital (Online marketplace for hiring/managing technology workers)
FALMOUTH, ME Anodyne Health Partners has raised $5.6M (Revenue cycle management for healthcare providers)
PORTLAND, OR Auctionpay has raised $5.5M in Series B (Fundraising software for nonprofits)
BOSTON, MA Brightcove raises $5M from GE Finance (Online Video)
SAN MATEO, CA GuardID Systems has raised $5M in a first-round (Online ID theft prevention)
BROOMFIELD, CO OpenLogic has raised $4.3M in a 2nd-round funding (Open-source enterprise software)
ANNAPOLIS, MD ETelemetry has raised $4M in a 1st-round (Network appliances that track bandwidth usage/desktop computing assets)
PORTSMOUTH, NH NitroSecurity has secured $2M of a $5M Series C (Enterprise network security)
SUNNYVALE, CA & INDIA Mobideos has raised $500K from the Band of Angels (Mobile video applications)
NEW YORK, NY Genesis Networks has raised an undisclosed amount of 2nd-round funding (Global video transmission over fiber/satellite)
ISRAEL NextNine has raised an undisclosed amount of new VC funding led by Motorola Ventures (Support automation)

M&A
ISRAEL Microsoft has bought Gteko Technologies for $120M. The start-up had raised $13M from Pitango Venture Capital, Intel Digital Home, NEC Europe, and others (Software for user experience and automated technical support for home networks and smart homes)
SAN DIEGO, CA & MADRID, SPAIN Digital Orchid has acquired Blue Tech (Branded mobile games and wireless applications)
ORANGE, CA & IRVINE, CA The Action Pursuit Group has bought Action Media (Events and online media properties for the sports compact performance market)
FREMONT, CA Audax Group has acquired a majority of Flexstar Technology. No financial terms were disclosed. (Data storage testing)
SAN FRANCISCO, CA Veeker has bought ThumbJive (Mobile video-message sharing)

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