SunGard acquires Aceva, a receivables management co.

SunGard, a business processing software company, said it has acquired San Mateo, Calif.’s Aceva Technologies, a provider of receivables management software solutions.

The amount was undisclosed.

Aceva had raised at leat $55.5 million in venture backing from Accel Partners, America Online, Clayton Dubilier & Rice, CLearstone… Continue Reading

Bolt hosed, shows the risks of video

Bolt hosed, shows the risks of video

GoFish, a video-sharing site much like YouTube, has acquired another video site, Bolt, to save that company from lawsuits that threatened to sink it.

The $30 million transaction, first reported by the NYT, is reportedly being used by New York’s Bolt to pay a settlement of… Continue Reading