Redfin employees see pink in 20 percent layoff
Online real estate service Redfin Corp. slashed its staff by 20 percent yesterday in order to stay afloat during the economic downturn — despite strong revenue and $21 million in VC backing from Draper Fisher Jurvetson, Madrona Venture Group, Vulcan Capital, BEV Capital and the Hillman Co.
The Seattle-based firm, which helps buyers find homes for sale and broker deals, was hit hard by the credit crunch in recent weeks. In addition to a 30 percent… Continue Reading
Microsoft acquires DATAllegro data warehouse appliance company
Microsoft has acquired data warehouse appliance maker DATAllegro in an attempt to strengthen its presence in the enterprise business intelligence market.
DATAllegro specializes in large-volume, high-performance data warehouse appliances with anywhere from 1 terabyte of data to hundreds of terabytes. Microsoft said the addition of DATAllegro means that its SQL Server product will now scale to large-scale data warehouses. Microsoft said it would retain most of DATAllegro’s team in Aliso Viejo, Calif.
Terms of the deal were… Continue Reading
Life sciences briefing: Thursday, Dec. 20, 2007
TODAY’S HEADLINES:
Acorn Cardio raises $22M for heart-failure device (bizjournals.com)
Agile Therapeutics raises $5.6M for women’s health (release)
Polyheal draws $1M for wound healing (Globes)
MatrixBio receives seed funding for cancer diagnostics (release)
Pacira Pharma names David Stack as CEO (release)
VivoMetrics appoints Howard Baker as CEO (release)
Acorn Cardio raises $22M for heart-failure device – St. Paul, Minn.-based Acorn Cardiovascular, a device maker investigating a device that would restrain the expansion of failing hearts, raised $22 million in a new funding round…. Continue Reading