News & Updates - Wednesday, March 28, 2007
Stealth Mode Data Center Play FastScale Raises $6.5M And Other Fresh Deals
Investments
+ SAN JOSE, CA FastScale Technology has raised $6.5M in Series A led by ATA Ventures with Leapfrog Ventures and Hunt Ventures. (Stealth mode: technology for scalable web farms & data centers)
+ EMERYVILLE, CA Streamcore has raised $7M in Series B (Application performance and network optimization space)
+ LONDON, UKWebjam has raised £1M from iSource Gestion, a French venture capital firm (Social Networking)
M&A
+ CHALFONT, PA Optium [Nasdaq: OPTM] to acquire Israel's Kailight Photonics for $35M in up-front cash plus a stock earnout of up to $5M. Kailight has raised around $12.1M in VC funding (40Gb/s optical transmission products)
+ TWICKENHAM, UK wickenham<strong>Sonus buys Zynetix for $13M ( IP-based GSM system-in-a-box)
+ AUSTRIA & BELLEVUE, WA UC4 Software is buying AppWorx for an undisclosed sum. (Business application automation and batch integration technology)
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