Novariant draws $4M for GPS systems for agriculture
Novariant, a Fremont, Calif. producer of precision control and location systems for the agriculture, mining, and aerospace sectors, has brought in $4.2 million in a recent round of investing.
Last year’s agriculture industry boom boosted demand for Novariant’s GPS products, which can “automatically steer equipment, map terrain, and land aircraft,” the company said. Their AutoFarm division markets GPS products that more accurately and efficiently perform many farming tasks, such as spreading seed.
Novariant CEO Herb Satterlee tells… Continue Reading
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 Ventures, IdeaLab Capital Partners, Oracle and Sequoia Capital.
From the statement:
Aceva will be marketed as AvantGard Aceva under the AvantGard Receivables brand. In October 2005, SunGard acquired GETPAID to extend the… Continue Reading