Unsung software company Aricent raises new round from KKR and Bahrain investor
Mobile software outsourcing company Aricent has raised a new $60 million round of funding from New York private equity firm Kohlberg Kravis Roberts and The Family Office, an investor in Bahrain. It’s also becoming one of the biggest private tech companies in Silicon Valley that nobody knows about.
Aricent was created a couple of years ago as a spin-off from contract manufacturer Flextronics, in a funding led by KKR and Sequoia Capital. The round is an… Continue Reading
Conversation with McNamee: Three fit the bill — RIM, Palm and Apple
VentureBeat talked last night with Roger McNamee (pictured left), asking him why his firm, Elevation Partners, would want to buy into Palm, a company that many people see having a tough time ahead, given intense competition.
Some doubt its chances of survival as a standalone company.
[See our initial coverage of Elevation's $325 million in investment into Palm. Also see the Mercury News coverage. The Elevation-Palm deal comes amid a wave of M&A activity -- see coverage... Continue Reading