Netsuite buys professional services automation company OpenAir for $26M
Netsuite, the online business management software company, said it has acquired Boston’s OpenAir for $26 million in cash. OpenAire offers customers a way to manage professional services, including billable time and project management.
The acquisition of OpenAir, which will become Netsuite’s East Coast office, includes $5 million of restricted stock held by OpenAir employees that will continue to vest through mid-2010.
OpenAir had raised at least $16 million, from investors including Fidelity Capital, 3i, i-Hatch Ventures… Continue Reading
Roundup: Kyte gets more, Microsoft’s ad deal, NetSuite’s golden IPO, more
Here’s the latest (updated) action:
1) Kyte.tv raises $15 million
2) Electric Sheep Company lays off 22
3) FCC receives 700MHz auction applications
4) Microsoft signs $500M ad deal
5) GPS devices fly off the shelves
6) Netsuite sets high price for planned IPO
7) Eric Eldon, celebrity at large?
Kyte.tv raises $15M second round — An online startup that offers a video player allowing near-live communications by video, photo and chat, Kyte has picked up some steam online, attracting a decent-sized audience… Continue Reading
Roundup: Virtual sex bed suit, Geni, Gay.com, Netvibes, Helio and more
Here’s the latest (ahem) action:
Second Life avatar sues another avatar, over virtual sex bed — We should have predicted this. Second Life entrepreneur Kevin Alderman has filed a copyright infringement lawsuit against Second Life resident Volkov Catteneo. This is apparently the first time an avatar has sued another avatar in the virtual world. Alderman, who has made money before in Second Life by selling a virtual island for $50,000 (real money), says his avatar, Stroker Serpentine… Continue Reading
Netsuite, online business software co., files for IPO despite losses
NetSuite, a San Mateo, Calif. company that sells Web-based business software such as ERP (Enterprise Resource Planning), CRM (Customer Relationship Management) and e-commerce management, has filed to go public.
Here’s the SEC filing. It is still losing money.
Roundup: Winter IPO party?, Google improves directions, Zoho Wiki & more
Latest Silicon Valley round-up:
IPO window opening? — Lots of companies filing to go public lately. In just the past couple of days, there’s WiMax company Clearwire (see our story), game company Glu Mobile (see story), WiFi company Aruba (see story) and now rumors of software company Netsuite preparing one.
Redback Networks comes long way — This San Jose company went big, and then bankrupt in 2003. Now we learn the company, which manages 50 million broadband connections,… Continue Reading