XORPsource raises $5 million in first round for open-source routing software
XORPsource has raised $5 million in first-round funding for its open-source routing software business. The company is based in Santa Clara, Calif., and does not yet have a web site. Investors include Highland Capital Partners and Onset Ventures. The firm is headed by Vivek Ragavan, former chief executive of Atrica, Redback Networks and Siara Systems, which Redback bought in 1999 for $4.3 billion.
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
Metacafe sold?, Common Sense raises $, Calacanis joins Sequoia, AskCity & more
(Update: Apologies, we’d meant to put a questionmark in the headline, so we’ve fixed. We’re checking on this rumor, but now we’re getting more doubts about this supposed sale)
Here’s the latest in Silicon Valley tech world:
Video site MetaCafe to be sold for $200 million? — That’s what this site says. We reviewed Metacafe, which recently moved to Palo Alto, here.
Common Sense Media, a site where families can review movies, films, TV shows, games, raises $4.25… Continue Reading
InterActiveCorp strives for local holy grail, with “Ask City”
InterActiveCorp is about to unload a local information and entertainment service, apparently named “Ask City,” and it’s about time.
IAC is an Internet media conglomerate headed by Barry Diller, and it plans to introduce the local site next week, combining Web search, city guides, maps and event listings and tickets, a move that appears to finally combine the company’s assets in a logical way.The new Web-based city guides, scheduled to start Dec. 4, will be… Continue Reading