Former high-flyer Cassatt sold in low-multiple deal to CA

Posted by on May 29, 2009

Contact: Brenon Daly Few datacenter startups in recent memory have commanded as much attention – or as much investment – as Cassatt. The company, which drew in some $100m in backing, had top engineering talent and proven executives, starting with CEO Bill Coleman. Realizing the promise of all that, however, has proved difficult for Cassatt. [...]

Emptoris shrugs off possible fine, goes shopping

Posted by on May 28, 2009

Contact: Brenon Daly A little more than four months after selling to Marlin Equity Partners, Emptoris reached into the deep pockets of its buyout shop owner to fund its first acquisition: the recent pickup of the contract and service management business from Click Commerce. The deal was part of a larger divestiture of Click Commerce [...]

Intalio gets its rollup rolling

Posted by on May 27, 2009

Contact: Dennis Callaghan Intalio’s open source rollup has finally started to roll. The company recently took the wraps off a deal it actually did earlier this month, picking up open source CRM software vendor CodeGlide. The acquirer, which has raised some $45m in venture funding, said earlier this year that it planned to do as [...]

Reality check for mobile ad networks?

Posted by on May 26, 2009

Like the overall online advertising industry, the mobile ad vertical has been hit hard recently. This has forced a few once-promising startups to either close down or sell for cheap. Was all the enthusiasm just a ruse?

IBM-Exeros: the wind-down and the bid-up

Posted by on May 22, 2009

Contact: Brenon Daly Even in the ongoing recession, the fundamental economic laws concerning supply and demand still haven’t been overturned. That’s at least one lesson we can draw from the recent sale of the assets of data discovery startup Exeros. Although terms weren’t disclosed, we believe IBM paid about $13m for Exeros. While that hardly [...]

That giant sucking sound on the US equity market

Posted by on May 21, 2009

Contact: Brenon Daly On the US equity markets Wednesday, it was one step forward, two steps back in terms of aggregate value of listed companies. As SolarWinds soared onto the NYSE, creating more than $800m of market value early in the day, Data Domain got picked up by storage rival NetApp. That deal, which is [...]

Is the IPO window open again?

Posted by on May 20, 2009

Contact: Brenon Daly With SolarWinds debuting on the public market Wednesday and OpenTable set to follow shortly, some observers have suggested these offerings mark a return of the IPO market. While it’s always healthy to have new issues, particularly after months and months without a technology IPO, we think it’s a bit overly optimistic to [...]

Metastorm in the market in a big way

Posted by on May 19, 2009

Contact: Brenon Daly If Metastorm does re-paper an S-1, it will be a much larger company than the one that filed for an IPO last year. (The business process management (BPM) vendor put in its paperwork in mid-May and then pulled it in mid-September.) The growth will come both organically and from acquisition, CEO Bob [...]

Just how far has the CDP market fallen?

Posted by on May 18, 2009

by Brenon Daly, Henry Baltazar In the days before the big storage vendors turned continuous data protection (CDP) into a feature rather than a stand-alone product, investors in CDP startups could still make decent returns. Both Kashya and Topio raised about $20m in VC backing, and ended up exiting for eight times that amount. Kashya [...]

Second-quarter M&A splurge

Posted by on May 15, 2009

Email: Yulitza Peraza, Brenon Daly With Friday marking the midpoint of the second quarter, we’d note that tech deal flow is once again picking up substantially. Over the past two years, the April-June quarter has seen more M&A activity than any other single quarter of the year. And this year, just halfway through the period, [...]

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