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News & Updates - Wednesday, June 27, 2007

Intacct Raises $14M And Other Fresh Deals

Investments
+ FAIRFIELD, NJ Archive Systems has completed a Series B round of funding led by The Carlyle Group (Document process automation solutions)

+ NEW YORK, NY ORIX Venture Finance has provided MX Logic with a $9M financing facility, providing working capital and a term loan. (Managed security services provider of email and Web security services)

+ SAN JOSE, CA Intacct has raised $14M (On-demand financial applications)

+ POWAY, CA Coradiant has raised $15M in Series E (Real-user monitoring equipment for data center applications)

+ HOUSTON, TX DataCert secured $10M in Series E (Corporate legal and IP spend and matter management solutions)

+ PALO ALTO, CA Neopolitan Networks has raised $3.17M in Series A (Ethernet network service provider)

Sugar Publishing, a San Francisco-based blog publisher, has raised an undisclosed amount of second-round funding, according to TechCrunch. NBC Universal led the deal, with return backer Sequoia Capital also participating. Sequoia invested an initial $5 million last fall. www.sugarpublishing.com

+ LAKEWOOD, CO Trackvia has raised an undisclosed amount of first-round funding (Database application for managing and sharing business-critical data)

M&A
+ COLORADO SPRINGS, CO Photo Stencil,has been acquired in a leveraged buy-out by private equity firm Kachi Partners, Kachi reported Tuesday. Details of the transaction were not disclosed. (Manufacturer of printed circuit board assembly and inspection tools)