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Aliso Viejo-based QLogic , the manufacturer of networking adapters, switches, and ASICS for the storage networking market, said last night that it has completed its sale of its InfiniBand product lines and assets to Intel Corporation. QLogic had originally announced the sale on January 23rd. The deal was worth $125M in cash.
The firm said it has hired Patrick Cardon as Director of Sales for Southern Europe as part of the expansion. LightPointe is owned by Berg & Berg Enterprises, which acquired the company in 2006. LightPointe had originally been venture backed, and was acquired after a Chaper 11 bankruptcy back in 2006. READ MORE>>.
According to the startup, it has added former Facebook sales director Rob Lissner as Special Advisor to the CEO, to help shape the firm's product and sales strategy. MomentFeed said that Lissner will help in product development, recruiting, and building a sales team; Lissner has also joined the company's board. READ MORE>>.
Zadara Storage said the funding will go towards sales, support, and engineering. Nahum had headed StoreAge when it was acquired by LSI Corporation in 2006. Irvine-based Zadara Storage , which develops cloud connected, block and file-based storage devices for the enterprise, has raised $3M in a funding round, the company said today.
Weddingbee is an online blog focused on the wedding industry, brides, and wedding planning, and was launched in 2006. Internet Brands and eHarmony said that eHarmony had been operating the two sites for "several years" before the sale. Financial terms of the acquisition were not disclosed. READ MORE>>.
Nasty Gal is led by Sophia Amoruso, who started the company selling vintage clothing on eBay in 2006; the company says its now had over $28M in revenues in 2011, with revenues increasing around 500 percent each year. The brand says 35 percent of its sales occur outside of the US, and that it now has over 150,000 customers in 50 countries.
Sex.com has a long history, having been purchased by Escom in 2006 for a reported $14M. Between 1994 and the sale to Escom, Kremen had to go to the courts to re-gain the domain, after the domain was transfered away from him due to forged domain registrar documents.
The sale comes after a bankruptcy and court battle between three creditors and lender DOM Partners LLC, who had sought to force an auction of the domain through a different domain broker. Escom had purchased Sex.com in 2006, reportedly paying $14M for the website.
Fine Art America handles all of the details of fulfilling sales for images. You hit submit, and your images are instantly available for sale as prints on our website. building Fine Art America in 2006 as a part time project, and launched the web site in 2007. had their first sales, which made us profitable.
According to QLogic, the sale will allow the company to provide a greater focus to growth opportunities in the converged networking, enterprise Ethernet, and storage area networking products. The company also said the sale will provide a "greater investment stream" to its InfiniBand customers and partners.
Financial details of the sale, and the name of the private equity buyer, were not announced. Evolve Media said that it originally acquired SheKnows.com in 2006, when it was a five person company with 600,000 unique visitors per month. Los Angeles-based Evolve Media Corp.
The sale this morning of El Segundo-based Accordent Technologies was a big win for San Diego investment firm TVC Capital. TVC invested $4M in Accordent in 2006--the only investment round the firm raised over its lifetime. TVC was the sold institutional investor in Accordent, which sold to Polycom for $50M. READ MORE>>.
Financial details of the sale were not announced. Amgen acquired the facility in 2006 when it acquired Abgenix. According to Amgen, it currently has 360 employees and 100,000 square feet of manufacturing space in the facility. The facility and employees will become part of Boehringer Ingelheim and its contract manufacturing business.
Ryan and Chad Steelberg are best known for their sale of dMarc to Google in 2006. BAT operates a celebrity endorsement and marketing firm. BAT said the new funding comes as it expects to double its year-over-year revenues to $30M in 2010. The two also founded AdForce (sold to CMGi) and 2CAN Media (sold to CMGi).
Comarco said the sale is part of its strategy to focus its business on its mobile power solutions. Ascom and Comarco have been working together on mobile test products since 2006. Lake Forest-based Comarco announced Monday that it has agreed to sell its wireless test solutions business to Ascom Holdings A.G,
Their first fund was a $75 million fund raised in 2006 and they very recently announced a brand new $130 million fund. The “private sale” market phenomenon was started in France by Vente-Privee (literally means “private sale”) and was replicated in Germany by BrandsforFriends. Greycroft is an early-stage VC. Time will tell.
Okapi is an investor in such companies as PathCentral, My Damn Channel, OrthAlign, RF Nano, and others; the firm's first exit was the sale of Carslbad-based Helixis in July of last year for $105M, which the firm previously had disclosed was more than a six times return on invested capital. READ MORE>>.
According to the company, the new funding will go towards sales and product development. Drucker was previously co-founder of Social Intelligence, and also co-founded Steel Card, an enterprise software company focused on software, which was sold to ChoicePoint in August of 2006. Carpe Data is led by Max Drucker. READ MORE>>.
According to Cast& Crew, Mellott has been at Final Draft for 14 years, having joined the company in 2006. Mellot was most recently Vice President of Sales and Marketing for the company. Final Draft is a developer of screenwriting software.
He was appointed to the position in March 2006. Prior to this role he served as president of Sony Electronics Consumer Sales Company where his responsibilities included management of the companys retail and online sales channels, in addition to oversight of the SonyStyle retail store strategy in the United States.
It’s like people arguing that there’s a beautiful beach house in 2006 that represents great long-term value due to scarcity of similar property. All of that might be true, but the 2006 price might still be over-valued. That doesn’t mean it’s not a bubble. You know what I’m talking about. You feel it, too.
Van Nuys-based Electro Rent , which provides rental, leasing, and sales of electronics test and other equipment, said today that its CFo, Craig Jones, is retiring from the company. Electro Rent said that it has named Allen Sciarillo, its Vice President of Finance, as acting CFO; Sciarillo has been at the company since 2006.
Makisima has been at D2 since 2006, serving as VP of Marketing and Sales, and also has been at Intoto, Hifn, ParkerVision, Nortel Networks, Bay Networks, AMD, Auspex and Adaptec. Wu, who is based in Taiwan, was most recently the firm's senior director of Asia Business Development, and has previously served at Wistron Neweb Corp.
This should not be confused with raising too much money as many companies did in 2006-08. Three reasons: There is a relative valuation between the price a VC pays and their expectations of what it will exit for in an IPO or trade sale. But imagine a VC that did 12 deals per year in 2006, 2007 & 2008.
percent of its total revenues in the first quarter of 2015, and that it estimates that its users supplied 7 percent of AutoNation's Q1 2015 new vehicle sales. TrueCar and AutoNation had been working together since 2006. TrueCar said that AutoNation had represented 3.1 READ MORE>>.
Celigo said this morning that it has raised $8M in an expansion capital round, its first institutional funding since it was founded in 2006. Celigo said the funding will go to expand sales, marketing, and product development. A part of the funding, TVC Capital's Steven J. Hammerslag joins the company's board of directors.
No financial details of the asset sale were disclosed. The sale ends Google's ill-fated foray into radio ads, which it began in January of 2006 with the acquisition of Newport Beach-based dMarc Broadcasting. At that time, Google paid $102M in cash--with up to an astounding $1.1
Quinn Curtis: We were around since 2005, we were incorporated and funded in 2006. Quinn Curtis: We were not for sale, although to be fair, we had gotten more than a couple of offers to buy the firm. How much thought went into exit strategy and setting up the firm for a sale? Quinn, thanks for the time.
Around the 2006 timeframe, they hit $3M, and we saw the unique position that they could occupy in the industry. We raised our fund in 2006 to follow this exact model. They were big names--Fortune 500 customers. We spent time talking with them over the next 18 months, because they fell below our $3M revenue threshold for investment.
Company plans to use the capital to build out sales and marketing and r&d. -a Danish VOIP technology company founded in 2006 by entrepreneur Tanveer Sharif. Spread through word-of-mouth as the company has no sales team, all engineers. -Offers virality optimization tools and A/B testing inside Facebook. a fbFund winner.
The firm has been under scrutiny since May 2006, when the firm was caught up in a wave of stock options back dating investigations across the technology industry.
Our sales guys were on the front line and heard what they needed to win deals. He decided that our largest customers would be involved in the setting of our priority lists (we did some of this internally in the early years but we saw it mostly as a sales process). This was 2006 and we were now working on our second company.
The firm also named Steward Easterby as VP of Sales; Bill Lepter as VP of Business Intelligence; and Star Marcus as VP of Human Resources. Brenner has served at 1-800-CARSEARCH, PromiseMark, and CARFAX; Pributsky joined Zag in 2006 and served at eVox Productions and Malldecker Media; Easterby was most recently at Yahoo!
By 2006 he had received proper authorization to move back to the US to join a company in the town I grew up in: Sacramento, California. In 2006 we sold the company to a French services company. The world’s best brains are on sale. He spent a bunch of this time in Canada. But TWTFelipe is an entrepreneur. Irony, hey?).
When I went to raise money in 2006 I thought I knew every term in a term sheet but somehow I still got a bit duped by the option pool shuffle. This states how the proceeds from a sale or dissolution of the company will be distributed. I had several term sheets and one of the leading term sheets had an option pool of 40% in it.
A 1997 vintage is likely to perform much better than a 2000 vintage because the former got to ride the dot com bonanza and likely saw some quick IPOs and crazy trade sales while the latter is more likely filled with many companies that never reached the promise land (or are still trying). Why does vintage matter to you?
One of the types of startups we see most of nowadays, are private sale, limited time bargain, and local group buying startups. Albert Ko: I started at Cornell University in the Class of 2006, with a degree in material science engineering and a masters in management engineering.
More tellingly was the sale of Mint.com to Intuit for $170+ million because it showed VCs that a well-executed investment can still garner a quick, solid results (the company was sold around 3 years after its foundation). VC’s are working hand-in-glove with the investment bankers to prepare for IPOs or create auction-style trade sales.
I stayed up late every night after a day of meetings doing email until 3am so that I didn’t feel out of touch with our product and sales pipelines. The time zones, the travel, 2 kids, pressure, managing the sales process, speaking at conferences Somehow I had yo-yo’d back to where I was previously.
Because we want to get into production, marketing, and sales, right now we're listing on Fundable.com. We have a business plan and private placement on that site, and recently started searching for investors to raise the funds we needed to go into production, and start marketing and sales.
In 2006, I gave a keynote speech at the Newspaper Association of America’s national conference in Chicago. With a little bit of structure and ingenuity, you can supplement your sales efforts by leveraging channel partnerships. By Kim Shepherd. Compensation doesn’t have to be complicated, either.
Anyhow, I replied and asked who pays who here and found that First Data pays Chad a commission for his sales. 2006 Closed Complaints – 1. But this is a pseudo regulatory body, the official “complaint department,&# at least that’s what I’ve always believed? Why would they solicit me on credit card processing?
acquired by AOL in 2006), a Senior Vice President of Business and Legal Affairs of Universal Studios, and a senior business and legal affairs executive at New Line Cinema and Savoy Pictures Entertainment. Pierce’s entrepreneurial activities are focused in the areas of digital currencies such as Bitcoin, games, gambling, ad tech and payments.
However, in 2006, my own son got cancer, and I was thrown into the sad state of affairs that goes into that. Since November, we've been building that new store, and starting this month we'll be doing sell to zero sales. We'll have once-a-month sell to zero sales, where we'll sell them for very deep discounts.
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