Intalio raises $1.5M for business management software
Intalio, developer of open-source software for businesses to manage workflow, has brought in $1.5 million in equity and debt, according to a filing with the SEC. The Palo Alto, Calif. company has now raised more than $42 million to date from investors Partech International, Cargill Ventures, 3i Group, Sippl MacDonald Ventures, Woodside Fund and XML Fund.
A prime competitor for Salesforce.com, Intalio launched a cloud computing product in May, branching into customer relationship management software as… Continue Reading
Medical device maker Emphasys on the auction block
Emphasys Medical, maker of a valve that diverts air to only the healthy parts of lungs in emphysema patients, has put itself up for sale after the Food and Drug Administration rejected its lead product in December. This is the second relatively recent defeat for the Redwood City, Calif.-based company, which had to withdraw its IPO filing last May. Since then, all but five of its 50 employees have been laid off.
Founded in 2000, Emphasys… Continue Reading
Alvine Pharmaceuticals raises $26 million for disease research
San Carlos, Calif. company Alvine Pharmaceuticals recently added $5 million to its first venture round, bringing total funding to $26 million, according to VentureWire.
Alvine’s research focuses on treatment for autoimmune and gastrointestinal diseases, and it started clinical trials in February for its treatment of celiac sprue, a condition that stems from the inability to process gluten. Backers include Cargill Ventures, Flagship Ventures, InterWest Partners, Prospect Venture Partners and Sofinnova Ventures.
Data protection company Guardian Edge raises $13.5M
GuardianEdge, a San Francisco company offering data protection software for large businesses, has raised $13.5 million in a second round of funding. The investment was led by Cargill Ventures, and first announced in May.
The company says its software is used to ensure compliance with consumer privacy policies and to secure mobile computing. Customers include Lockheed Martin Corporation, Deutsche Bank AG and Humana Inc, it says.
Yesterday, PE Wire said Thomvest Ventures Inc. Altos Ventures and… Continue Reading
Intalio, business process management software co., restarts with $2.3M
Intalio, a provider of business process management software, has raised $2.3 million in a so-called “recapitalization” financing round, according to VentureWire (subscription required).
It has offices in Palo Alto, Georgia and Geneva.
Such rounds typically occur because the company’s earlier incarnation didn’t do well and it needs to start again with a clean slate, i.e., to provide management incentives such as stock awards.
The company’s existing investors – Cargill Ventures, 3i Group, Sippl MacDonald Ventures, Woodside Fund… Continue Reading
Consumer product manufacturing software co., DemandTec, buys deal management co., Tradepoint
DemandTec, a San Carlos maker of software for retailers and consumer products manufacturers, said it has acquired TradePoint Solutions, of Pleasanton, which makes deal management software linking manufacturers, sales agencies and retailers.
The TradePoint software application will now be marketed as DemandTec TradePoint.
DemandTec raised around $50 million in venture funding from firms like Altos Ventures, Athena Technology Ventures, Cargill Ventures and Crosspoint Venture Partners.