Thursday, February 26, 2009

Bessemer Venture Partners Raises $350M for 7th Fund - Wellesley Hills, MA

Bessemer Venture Partners, an international venture capital firm with offices in Wellesley Hills, announced on Thursday that it has raised $350 million in supplemental capital for its seventh fund, which closed in June 2007 with more than $1 billion. Founded in 1911, Bessemer specializes in venture capital investments, but also participates in late-stage financings and sometimes makes small, seed-stage investments below $1 million. More typically, the firm makes investments in the range of $4 million to $10 million, in a range of industries.

Wednesday, February 25, 2009

Apparent Networks Raises $12 Million in Third Round - Wellesley Hills, MA

Apparent Networks, a Wellesley Hills-based provider of IT performance management technology, announced on Wednesday that it has raised $12 million in its third round of venture capital, which was led by Egan-Managed Capital. Founded in 2000, Apparent Networks’ software is designed to provide service insight required for new “cloud” applications by assessing network readiness, monitoring service levels, and diagnosing problems otherwise hidden from sight. Other investors in the company include Bain Capital Ventures, JMI Equity and Business Development Bank of Canada.

Netezza Acquires Maynard-based Tizor Systems - Maynard, MA

Tizor Systems, a privately held, Maynard-based provider of data auditing and protection products for data centers, has been acquired by Netezza, a Marlborough-based maker of data warehouse and analytic appliances. Netezza said that the acquisition will allow its enterprise customers to track, store and perform forensic analysis against years of data access history, and to more easily meet regulatory compliance requirements. Tizor will operate as a subsidiary of Netezza. Founded in 2002, Netezza was backed by Masthead Venture Partners, Hummer Winblad Venture Partners, Longworth Venture Partners, CommonAngels and Navigator Technology Ventures.

Aveksa raises $10M Series C - Waltham, MA

Aveksa, Inc., the market-leading provider of enterprise access governance solutions, announced today that it closed a $10 million Series C round of financing. FTV Capital led the round, reaffirming its strong commitment to Aveksa, which has emerged as the industry leader for governing user access to information resources for sustainable compliance and risk management. The round also includes continued participation from FirstMark Capital and Charles River Ventures.

Tuesday, February 10, 2009 Raises $4 Million in Venture Capital - Portland, ME, a Portland-based, online destination for dog owners to “shop, learn and socialize, announced that it has raised $4 million round of venture capital, which was led by Borealis Capital Partners and Harbor Light Capital Partners. The company has previously been financed primarily by Black Point Group David E. Shaw, Glenn Close, William T. End, Benjamin Shaw and a number of individual investors. FetchDog publishes a catalog for dog supplies, a $35+ billion market in the U.S., according to FetchDog.

Monday, February 09, 2009

Black Duck Raises $9.5 Million in Venture Capital, Debt - Waltham, MA

Black Duck Software, a Waltham-based provider of products and services for accelerating software development, announced on Monday that it has raised $9.5 million, including $5 million of equity investment from current investors General Catalyst Partners, Fidelity Ventures, Flagship Ventures, Focus Ventures, Intel Capital, SAP Ventures and Red Hat. The company has also raised $4.5 million of venture debt financing from Gold Hill Capital. Black Duck said it will use the funds to support continued growth, enhance products and expand its international distribution capabilities. The company said the financing comes on the heels of a strong 2008 performance, in which it posted growth of 42% in year-over-year bookings and subscription and services growth of 65%.

Thursday, February 05, 2009

Oracle acquires mValent - Waltham, MA

Oracle announced it has entered into an agreement to acquire mValent, a leading provider of application configuration management solutions. With the acquisition of mValent, Oracle is expected to enable customers with the ability to collect, compare and reconcile deep configuration information of complex systems. The mValent solution ensures consistent configuration across IT environments and also provides agile support for ongoing environment and technology changes.