Domain marketplace NameMedia cancels IPO
NameMedia, a popular domain name marketplace, has abandoned its plans to go public. It first filed for the anticipated $172.5 million sale in November 2007, but says current market conditions are too poor to go forward at this time. Formerly called YesDirect, it was going to use the proceeds to pay down its debt and fund product development.
Based in Waltham, Mass., it received funding from Highland Capital Partners (which owns more than half of the… Continue Reading
Stationery company Tiny Prints gets investment
Tiny Prints, which provides customizable stationery, has raised funding from Summit Partners and Technology Crossover Ventures. The amount is undisclosed, but it’s the Mountain View startup’s first outside investment. Cascadia Capital was an advisor for the deal.
Tiny Prints provides customized stationery for holidays, birth announcements, weddings and more through its TIny Prints and Wedding Paper Divas brands. The company says it’s been profitable since its founding in 2004.
McAfee buys Safeboot, enterprise mobile security co., for $350M
McAfee, the Santa Clara, Calif. security software company, said it has agreed to acquire privately owned Dutch company, SafeBoot B.V., for $350 million in cash.
SafeBoot provides software to protect mobile entreprise data with encryption and access controls.
The statement is here.
Summit Partners appears to have done well. It bought a majority stake in SafeBoot two years ago for about $47 million.