ORIX Venture Finance Invests in Kemp Technologies
February 2, 2012
ORIX Venture Finance has made an equity investment in Kemp Technologies alongside Edison Ventures and Kennet Partners . peHUB reported in January that Kemp had raised $16 million in new funding, which included $7.5 million from Edison Ventures. Kemp makes server load balancer appliances. PRESS RELEASE ORIX Venture Finance, a leading provider of growth capital to mid- and late-stage private companies, today announced an equity investment in Kemp Technologies alongside Edison Ventures and Kennet Partners.
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ORIX Venture Finance Invests in Kemp Technologies
United Silver and Hale Capital Partners Complete $6M Financing
February 2, 2012
United Silver Corp ., a mining company based in Vancouver, has finalized its agreement with New York-based private equity firm Hale Capital Partners , which has issued USC $6 million in secured convertible notes. Proceeds of the loan will be used for working capital and general corporate purposes. PRESS RELEASE: United Silver Corp.
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United Silver and Hale Capital Partners Complete $6M Financing
Got a complaint about your phone company? You’re not alone
February 2, 2012
Companies in telecommunications, collections and broadband internet services received more consumer complaints than any other industry in the state last year, according to the state Attorney General’s Consumer Protection Division. Telecom companies generated 1,581 complaints in 2011, earning most-complained-about status, according to the division’s annual list of the top 20 complaint-generating industries in Washington. The Top 10 portion of the list was rounded out by retail, auto sales, commercial banking, mortgage lending, books/magazines/directories, electronic shopping, and health care…
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Got a complaint about your phone company? You’re not alone
Microsoft exec: Business reasons should dictate move to the cloud
February 2, 2012
Microsoft Corp. is no slouch when it comes to cloud computing. The company has a full suite of products and services to help businesses that want to store data and software applications offsite and access them through the Internet. So it was a little surprising when Robert Youngjohns, president, Microsoft North America, told a room full of IT vendors that their corporate customers should take several factors into consideration before moving to the cloud.
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Microsoft exec: Business reasons should dictate move to the cloud
SandRidge Energy to Acquire Dynamic Offshore Resources for $1.27 Billion
February 2, 2012
Publicly traded SandRidge Energy , an oil and natural gas company headquartered in Oklahoma City, Oklahoma, is planning to acquire Dynamic Offshore Resources f or $1.275 billion, consisting of roughly $680 million in cash and approximately 74 million shares of SandRidge common stock valued at $8.02 per share. PRESS RELEASE: SandRidge Energy, Inc. (NYSE: SD) has entered into an agreement to acquire Dynamic Offshore Resources, LLC for aggregate consideration of $1.275 billion consisting of approximately $680 million in cash and approximately 74 million shares of SandRidge common stock valued at $8.02 per share.
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SandRidge Energy to Acquire Dynamic Offshore Resources for $1.27 Billion
Iochpe-Maxion Finalizes Acquisition of Hayes Lemmerz
February 2, 2012
Sao Paulo-based Iochpe-Maxion S.A. announced today that its subsidiary, Iochpe Holdings, has officially acquired Hayes Lemmerz International to create Maxion Wheels, a global wheels business with manufacturing locations in 12 countries. PRESS RELEASE: Iochpe-Maxion S.A. (”Iochpe-Maxion”) announced today that its subsidiary, Iochpe Holdings, LLC, has finalized its transaction to acquire Hayes Lemmerz International, Inc.
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Iochpe-Maxion Finalizes Acquisition of Hayes Lemmerz
Corey Panno Appointed President of Telmar Group
February 2, 2012
Telmar , a New York-based software and services company that caters to the ad industry, has appointed Corey Panno president of Telmar Group. Formerly the president of Telmar North America, Panno will assume management responsibility for all worldwide business units. Panno joined Telmar in 1989 as an account executive. Before then, he held media planning roles both on the agency and client sides at J.
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Corey Panno Appointed President of Telmar Group
Valley luxury home market flat in 2011
February 2, 2012
Sales of Silicon Valley homes worth $1 million or more inched up only slightly in 2011 compared to 2010, reports Coldwell Banker, writes Mary Ann Azevedo on Silicon Valley Structures blog. The brokerage firm said 2,296 million-dollar-plus homes were sold in Santa Clara County in 2011, up 1.9 percent from 2,253 in 2010. Alain Pinel recently took on the role of senior vice president and managing officer at Intero Real Estate Services, in charge of Intero’s estate and luxury markets in the U.S.
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Valley luxury home market flat in 2011
Gulf Capital Close to Deal for Reach Group
February 2, 2012
Abu Dhabi-based private equity firm Gulf Capital is close to sealing a deal to buy 80% of consultancy firm Reach Group , Reuters reported Thursday. Gulf Capital will be closing the transaction during the first quarter this year through its $533 million Private Equity Fund II, Reuters wrote. The value of the deal is estimated at around 100 million dirhams ($27 million). ( Reuters ) – Abu Dhabi-based private equity firm Gulf Capital is in the final stage of acquiring close to 80 percent of regional consultancy firm Reach Group, two sources close to the transaction told Reuters. Gulf Capital will be closing the transaction during the first quarter this year through its $533 million Private Equity Fund II, one of the sources said
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Gulf Capital Close to Deal for Reach Group
Revolution Analytics hires David Rich CEO
February 2, 2012
Revolution Analytics said Thursday it has hired David Rich as its new CEO. The Palo Alto-based company is a commercial provider of R software, services and support. R is a statistics language. Rich was previously a global managing director at Accenture Analytics. Revolution Analytics’ former CEO Norman Nie is expected to stay on as a company director, also serving as Rich’s senior adviser for products and strategy
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Revolution Analytics hires David Rich CEO
