eAsic takes $7M for integrated circuit technology
eAsic, provider of integrated circuit technology tailored to specific applications, has brought in $7 million of an expected $12 million round of convertible promissory notes, according to a filing with the SEC. Based in Santa Clara, Calif., the copany is backed by Advanced Equities, Crescendo Ventures, Khosla Ventures, Kleiner Perkins Caufield & Byers, and Evergreen Partners.
RuggedCom buys WiMax equipment provider WiNetworks
RuggedCom, a public company that makes networking equipment that works in unfavorable environments, has acquired WiMax equipment developer WiNetworks for $9 million. It will also take on $5 million in debt from the Israeli company. Rugged hopes that the deal will add to its arsenal as it eyes the burgeoning Smart Grid sector. Many networking companies are looking to ride the wave toward a cleaner, more efficient electrical grid, offering their services to help transmit… Continue Reading
BigBand Networks prices IPO shares at $13, to start trading today
BigBand Networks, a Redwood City, Calif. provider of routers for broadband networks, has priced its initial public offering shares at $13 per share, allowing it to raise $139 million.
It will offer 10.7 million shares for trading, which begins today.
This is the first IPO for Redpoint Ventures, a seven-year-old venture capital firm that was an early backer of Bigband, and owns 22.5 percent of the company.
Other major shareholders include Charles River Partners (19 percent), Meritech Capital… Continue Reading
Informatica buys unstructured data co., Itemfield, for $55M
Informatica, a public Redwood City company that provides data integration software, said it will acquire San Mateo’s Itemfield, a company that allows access to “unstructured and semi-structured data” for $55 million.
The deal provides a return to investors Accel Partners, Evergreen Partners, Foundation Capital, Gemini Israel Funds, which had pumped in at least $18.5 million into the Itemfield.