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Company Tech News as it Breaks
FreshMoney Deals - Mergers / Acquisitions / Funding News
Tuesday, November 9, 2010
- Neogenix Oncology® Receives Two Grants Under The Qualifying Federal Therapeutic Discovery Project Program --- GREAT NECK, N.Y.Posted at 4:13 PMNeogenix Oncology, Inc. (Neogenix) announced today that the company has been awarded two grants totaling $488,958.50, under the Qualifying Therapeutic Discovery Project Program. The two successful applications were for the company’s h16C3 therapeutic antibody development program and the diagnostic biomarker development program for ... read more
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Posted at 3:18 PMCrescent Financial Partners, Inc., a private equity merchant banking firm managed by Russell Armstrong, has been retained by New Zealand-based B2P™ Limited, the developer of a groundbreaking technology suite for bacterial safety testing, in preparation for 2011 U.S. market launch. ... read more
- Invisible Fence® Brand Acquires Largest Distributor --- KNOXVILLE, Tenn.Posted at 2:18 PMRadio Systems Corporation (RSC) has purchased the largest distributor of its Invisible Fence Brand products. “We are thrilled to make JGB Distributing a part of the family,” said RSC Executive Vice President Willie Wallace. “A key part of the decision ... read more
- Minor Racing Bids for Horse Racing Assets of MI Developments --- SAN FRANCISCOPosted at 1:51 PMMinor Racing LLC today offered to purchase substantially all of the horse racing assets of MI Developments Inc. – including some of the nation’s best-known racetracks – with the intent of leveraging technology to transform American thoroughbred racing into one of the world’s most innovative sports. ... read more
- AVG Technologies to Acquire DroidSecurity --- AMSTERDAMPosted at 1:44 PMAVG Technologies, the world’s leading provider of free Consumer security solutions, today announced the acquisition of Tel Aviv-based DroidSecurity, a pioneer in cloud-based mobile security, from its founders and investors. DroidSecurity is the only company of its scale exclusively focused on protecting smartphones, tablets and other ... read more
- Grants Issued for Very Early Cancer Detection & Treatment --- ALBUQUERQUE, N.M.Posted at 10:00 AMManhattan Scientifics, Inc. (OTCBB: MHTX) announced that Senior Scientific LLC is the recipient of four grants totaling $702,899 awarded by the Qualifying Therapeutic Discovery Grant Program. The grants are funded by the US government to develop new therapies, reduce long-term health care costs, and advance the ... read more
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Posted at 9:23 AMThe CapStreet Group, LLC, a Houston-based, lower-middle market private equity firm, has completed its final close for CapStreet III, L.P., reaching total commitments of $178 million. CapStreet III’s investors consist of financial institutions, pension funds, insurance companies, funds of funds, and family investment offices. ... read more
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Posted at 9:15 AMRedPath Integrated Pathology, Inc. ("RedPath"), a cancer molecular diagnostics company headquartered in Pittsburgh, PA, announced that it has received two technology grants from The Internal Revenue Service to support continued development of the company’s flagship PathFinderTG molecular diagnostics platform. The two grants totaling $488,958 were ... read more
- Iris BioTechnologies Awarded Qualifying Therapeutic Discovery Grant --- SANTA CLARA, Calif.Posted at 9:15 AMIris BioTechnologies Inc. (OTCBB:IRSB), a life sciences company focused on providing patients, doctors, and clinicians with improved methods of identifying effective treatment solutions, and recipient of the Frost and Sullivan 2008 Technology Innovation Award in Pharmacogenomics, is pleased to announce that the company has been awarded ... read more
- Wells Fargo Technology Banking Spurs Growth of Blue Microphones With $2.5 Million Line of Credit --- SAN FRANCISCOPosted at 9:00 AMAs part of its focus on the technology industry, Wells Fargo & Company (NYSE:WFC) said today it has extended a $2.5 million line of credit to Blue Microphones, a leading innovator in microphone technology. “The support and creativity of Wells Fargo has infused new working ... read more
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Posted at 9:00 AMACADIA Pharmaceuticals Inc. (Nasdaq:ACAD), a biopharmaceutical company utilizing innovative technology to fuel drug discovery and clinical development of novel treatments for central nervous system disorders, today announced that it has been awarded a grant from The Michael J. Fox Foundation (www.michaeljfox.org) ... read more
- Quest Software Announces Agreement to Acquire BakBone Software --- ALISO VIEJO & SAN DIEGO, Calif.Posted at 8:31 AMQuest Software, Inc. (Nasdaq: QSFT) and BakBone Software Incorporated (OTC Bulletin Board: BKBO) today announced that they have signed a definitive agreement for Quest to acquire BakBone, a leading provider of data protection software with headquarters in San Diego, California. ... read more
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Posted at 8:30 AMKeyOn Communications Holdings, Inc. (OTCBB:KEYO), one of the largest providers of wireless broadband, satellite video and voice over Internet protocol (VoIP) services in the United States, announced today it has completed its acquisition of substantially all of the wireless broadband assets of Onawave Wireless, which increases ... read more
- Prostate Cancer Foundation Adds Two New Young Investigators --- SANTA MONICA, Calif.Posted at 8:00 AMThe Prostate Cancer Foundation (PCF) announced the addition of two new Young Investigators (YIs) to its Class of 2010. These two new awards raise the number of PCF-supported YI projects to 50. The foundation’s Young Investigator awards are designed to encourage the most innovative minds in ... read more
- Garnett & Helfrich Capital Acquires 20 Percent Stake in Ingres Corporation --- REDWOOD CITY, Calif.Posted at 8:00 AMIngres Corporation today announced that venture buyout firm Garnett & Helfrich Capital has acquired CA Technologies last remaining 20 percent equity stake in Ingres Corporation to become the company’s sole investor. Terms of the deal, concluded in September 2010, were not disclosed. ... read more
- EnergyConnect Group, Inc. Secures $4 Million Line of Credit from Silicon Valley Bank and Partners for Growth --- SAN JOSE, Calif.Posted at 7:30 AMEnergyConnect Group, Inc. (OTCBB: ECNG), a leading provider of smart grid demand response services and technologies, secured a $4 million revolving line of credit with an one-year term from Silicon Valley Bank and Partners for Growth. ... read more
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Posted at 7:30 AMWest Corporation today announced that it intends to offer $650 million aggregate principal amount of senior unsecured notes due January 2019 (the “Notes”). Proceeds of the Notes will be utilized to finance, in part, the repurchase of the Company’s outstanding $650 million principal amount of 9.5% ... read more
- MOVIECLIPS.com Raises Series A, Secures $3 Million from Shasta, First Round Capital as Well as Felicis Ventures, SoftTech VC and Angel Investors --- SANTA MONICA, Calif.Posted at 7:01 AMMOVIECLIPS.com today announced its first round of institutional funding, a Series A Round of $3 million that the company plans to invest in tools that promote the discovery of movies’ best moments through curated clips. The first of these discovery features to launch are its ... read more
- Zetta Raises $11.5 Million in New Funding Round --- SUNNYVALE, Calif.Posted at 7:00 AMEnterprise cloud storage provider Zetta announced today that it has raised $11.5 million in its second round of funding, bringing the total funding to $22.5 million. Both existing investors Foundation Capital and Sigma Partners participated. Funds from this new investment will be used to expand sales ... read more
- News Content Marketplace Ebyline Closes $1.5 Million In Series A Funding from E.W. Scripps Company --- LOS ANGELESPosted at 6:04 AMEbyline (www.ebyline.com) today announced it has raised a $1.5 million Series A investment from The E.W. Scripps Company (NYSE: SSP). Based in Los Angeles, Ebyline publicly launched in September 2010 as a content marketplace for news publishers and professional ... read more