OpenTable wins big with hearty IPO
Online restaurant reservation site OpenTable (trading as OPEN) has stunned the market with the best IPO performance of any company since 2007 (Orion Energy Systems), reaping a 59 percent gain with share prices closing at $31.89 on the Nasdaq — a staggering upsell from its anticipated $20.
The stock spiraled as high as $35.50, a 78 percent gain, as market analysts watched, both concerned that it was overstepping its bounds and positing that the small size… Continue Reading
AOptix nabs $12.9M for eye-recognition
AOptix Technologies, developer of iris-recognition technology and the wireless communication systems it requires, has brought in $12.9 million in a fourth round of funding to build new products. The Campbell, Calif. company says it is in the middle of commercializing its first product, called the InSight 2 Meter Iris Recognition System. It has also benefited from recent defense contracts for its long-distance and high-bandwidth wireless systems.
Northgate Capital led the round, joined by Kleiner Perkins Caufield… Continue Reading
Corporate social networking site Mzinga buys Prospero
Workplace social networking company Mzinga has raised a hefty $32.5 million, and used some of that money to purchase a similar company called Prospero Technologies. Until now, Mzinga has focused on in-company social networks, but the acquisition should allow it to create similar offerings on the customer side, which is Prospero’s specialty.
The big gain for Mzinga appears to be Prospero’s social media technology, which allows companies to interact with their customers through social networking, advertising,… Continue Reading