RallyPoint was able to get USD 5 million in capital commitments from DBL Investors for its Series A round.
Network/Hosting
Talari raises USD15 milllion in Series D funding
California-based network solutions innovator Talari Networks Inc secured USD15 million in a Series D funding round led by Four Rivers Group to be used for the company's growth and bridge loans payment.
Vista Equity Partners acquires Active Network for USD1 billion
Private equity firm Vista Equity Partners has acquired event software company Active Network. The deal amounted to around USD1 billion with Active Network selling 57 million shares priced at USD14.50 apiece.
Riverbed does not have plans for a potential sale - sources
A media report about Riverbed Technology Inc exiting its business with the help of Goldman Sachs Group Inc had been shot down by two people who were familiar with the transaction.
5 hot deals on phone service for business
As most business owners are aware, paying for a landline phone system is an expensive venture, but necessary for the continued health and public image of a company, no matter how big or small. Even in the age of facebook and twitter for communication, companies that can't be called for an immediate answer die a slow and agonizing death.
Latest News
Netflix CEO Reed Hastings said he hoped to ink a deal with Comcast and other pay television providers in the US for its streaming services.
Twitter quitters would prove to be a challenge to investors in the social media site's upcoming IPO, a report said.
Yahoo decided to keep more of its stake in Alibaba after the latter would go public. Yahoo amended its planned share sale of its holdings in the Alibaba Group and decided to keep a larger stake of the Chinese e-commerce firm.
Investors welcomed Yahoo's plans to sell fewer shares when Alibaba goes public. News of Yahoo Inc's plans to retain a larger stake than what it had originally announced was welcomed by the company's investors.
TextPower raised capital commitments amounting to USD 525,000 in its Series A round. TextPower Inc completed its Series A financing round with USD 525,000 in investments.
According to a Techcrunch report, the initial public offering of enterprise cloud provider Veeva Systems saw its shares climbed almost 84% and had raised USD194 million.
Web company Nginx Inc closed its Series B financing round with USD 10 million in capital commitments.
Cloud web hosting and domain service provider Endurance International Group Holdings would undertake an IPO soon.
Cable operator Numericable would be betting on its new fiber technology to attract investors before its planned IPO.
