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Kairos Venture Partners Raising New, $250M Fund

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According to the filing, the fund has yet to make its first sale in the new fund. Before becoming a venture capitalist, Demetriades founded SeeBeyond, which he took to an IPO, and later sold to Sun Microsystems in 2005 for $386M. according to a regulatory filing by the firm. READ MORE>>.

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Mighty Oak Entertainment Gets Investment

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Might Oak said its founder, O'Brien, previously was a development and content sales executives for Warner Bros., before leaving in 2005 to found Might Oak Entertainment. Mighty Oak Entertainment is best known for its "Whacked Out Sports" clips. READ MORE>>.

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News Corp. In Repeat With Sale To Local Tech Firm

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acquired IGN in September of 2005, for $650M. Those numbers--and the story--seems to be almost an exact repeat of the story behind MySpace , which--also in 2005, in July--was acquired by News Corp. That deals loooks to be worth around $100M, based on reports from the WSJ. in a $580M deal.

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American Industrial Systems Sells Majority Stake To Foxconn

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Financial terms of the sale were not announced. AIS was founded in 2005. Irvine-based American Industrial Systems , a provider of engineering services and products for the Interet-of-Things, oil and gas, industrial automation, and other markets, has sold a 60 percent stake of the company to Ennoconn.

Sales 133
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MindTouch Picks Up $12M For Customer Self Service Software

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MindTouch, which was founded by Steve Bjorg and Aaron Fulkerson back in 2005, said the funding will go to increase its integration with software such as Salesforce, SAP, and Oracle, and grow its marketing, business development, sales, and engineering teams. The funding came from PeakSpan Capital, along with SK Ventures and SAP SE.

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BAE Systems Sells Ceramics Facilities In Vista

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Financial terms of the sale were not disclosed. Those facilities had been acquired by BAE Systems in June of 2005, through its acquisition of United Defense, Inc. BAE Systems has sold its advanced ceramics facilities in Vista, California, to ceramics manufacturer CoorsTek , the firms said Thursday.

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Local.com Names New COO

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Sawtell was SVP and GM of the firm's Sales and Advertiser Services business unit, and also has been President and COO from 2000 to 2005. Sawtell replaces Bruce Crair, who the firm said is leaving the firm to pursue other opportunities. Sawtell recently re-joined Local.com after serving as founder and CEO of DigitalPost Interactive.