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QLogic Completes Sale Of InfiniBand Assets To Intel

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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.

Sales 124
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Final Draft Names President

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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.

Burbank 113
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Carpe Data Finds $6.6M

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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>>.

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Electro Rent CFO Retires

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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.

Van Nuys 100
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LightPointe Wireless Expands In Europe

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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>>.

San Diego 140
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TVC Capital Backs Celigo

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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.

Capital 100
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MomentFeed Snags Facebook Vet

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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>>.

Yahoo 145