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… 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… Continue Reading