IPTV company Kasenna sells at a huge loss for investors
Kasenna, which does IP video infrastructure and applications (aka IPTV) is selling for just $6.1 million, according to VentureWire. The purchasing company is another IPTV player, Espial, in what will be an all-stock deal.
This sale is a huge loss for its investors as Kasenna has more than $70 million in funding pumped into it by firms including Intel Capital, U.S. Venture Partners, SGI and Sun Microsystems.
The Sunnyvale, Calif.-based Kasenna was founded in 2000.
Greenplum raises $27M for business intelligence database software
Greenplum, a San Mateo, Calif. provider of open source database software for business intelligence, said it has raised $27 million in a third round financing.
It was led by Meritech Capital Partners, and includes Sun Microsystems and SAP Ventures, a division of software giant SAP.
The new funds will be used to continue development of Greenplum’s database, the company said, as well as to help market the product globally. The company says the global database market is… Continue Reading
Zebra buys RFID company, WhereNet, for $126 million
Zebra Technologies said it will acquire WhereNet, a Santa Clara, Calif. provider of active radio frequency identification (RFID) based wireless products that track and manage enterprise assets, for $126 million in cash.
WhereNet had raised more than $80 million over ten years from investors including Bay Partners, Crescendo, Ford Motor, Crosspoint, RWI, and Sun Microsystems. According to PE Week, this included a $10 million round in 2003, at a post-money valuation of approximately $76 million.
Zebra… Continue Reading