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News & Updates - Friday, September 29, 2006

Shutterfly Does Its IPO And Other Fresh Deals

Investments
SEATTLE, WA Twisted Pair Solutions has raised $9M in its first round (IP-based communications software)
OTTAWA, CANADA Group IV Semiconductor has raised Cnd$9.1M from Khosla Ventures and others (Silicon light-bulbs)
RESTON, VA ObjectVideo has raised $8M in Series E (Security video processing software)
NEW YORK, NY Fotolog has raised $4.1M in Series C (Photo blogging)
NEW YORK, NY Kurtosys Systems has secured $3.4M of a $5.15M Series A (Financial reporting software and services)
BALTIMORE, MD DoublePositive Marketing Group has raised $2.7M in Series B (Sales lead generation solutions)
CUPERTINO, CA ForteMedia has raised an undisclosed amount of strategic funding from Intel Capital (Voice processing technology for cars/PC/mobile devices).
GERMANY Investors have put an undisclosed amount of capital into JobTV24 (German satellite TV channel and web platform about jobs)

IPO
REDWOOD CITY, CA Shutterfly priced 5.8M shares at $15 per share for a $87M IPO. It raised $67M from like Mohr, Davidow, Sutter Hill Ventures, and Jim Clark (Online digital photo)
SANTA CLARA, CA Mellanox Technologies has filed to raise a $86.25M IPO. It had raised $90M from Intel Capital and Sequoia Capital (Interconnects for servers, storage and infrastructure equipment)

M&A
AACHEN, GERMANY & MADRID, SPAIN Amadeus Acquires VC-backed TravelTainment (Online travel booking engine)
SCOTTLAND 3i Group has sold its minority stake in Vibration Technology to Sercel, a division of Compagnie General de Geophysique. 3i received £6M from the sale (Wireless solutions for oil, gas and mineral exploration)
EAGAN, MN & SAN FRANCISCO, CA The Thomson Corporation (NYSE: TOC; TSX: TOC) has acquired LiveNote Technologies (Transcript and evidence management software to litigators and court reporters)