http://www.freshnews.com/news/fresh-money/ California Tech News Updated Daily! FreshMoney - California Mergers/Acquisitions/Funding en-us Tue, 08 Jul 2008 18:20:05 -0700 1000 http://www.freshnews.com/news/fresh-money/article_44338.html 2008-07-08 Eli Lilly and Company (NYSE:LLY) and SGX Pharmaceuticals, Inc. (NASDAQ:SGXP) today announced that the companies have signed a definitive merger agreement providing for the acquisition of SGX in an all-cash transaction. SGX, based in San Diego, California, is a biotechnology company focused on drug discovery and development in the... http://www.freshnews.com/news/fresh-money/article_44331.html 2008-07-08 Longitude Capital today announced the closing of its first investment vehicle, Longitude Venture Partners, L.P. (the "Fund"), a $325 million venture capital fund dedicated to life sciences investments. The Fund exceeded its target of $250 million. The team at Longitude Capital includes: Managing Directors Juliet Tammenoms Bakker, Patrick Enright and... http://www.freshnews.com/news/fresh-money/article_44326.html 2008-07-08 iWatt, Inc., a leader in digital power IC and Systems products and technology, announced today the closing of a $12.4 Million Series E financing round, led by a strategic investor. Existing investors VantagePoint Venture Partners, Sigma Partners and Horizon Ventures, as well as several private investors, also participated in... http://www.freshnews.com/news/fresh-money/article_44325.html 2008-07-08 VMware’s Board of Directors announced today that it has made a change in the leadership of the company with the departure of Diane Greene as President and CEO. Vmware’s Board of Directors has appointed Paul Maritz as President and CEO of Vmware effective immediately. Maritz was also named... http://www.freshnews.com/news/fresh-money/article_44318.html 2008-07-08 The Active Network, Inc. (Active), a leading provider of application services technology and marketing solutions for community service and participatory sports organizations, today announced that it has acquired Hodgson’s hurricane’s, Inc. and certain assets of T&C Products, Inc., which collectively operate under the name HY-TEK Sports Software (HY-TEK), the leading... http://www.freshnews.com/news/fresh-money/article_44310.html 2008-07-07 Signalife, Inc. (AMEX:SGN) and Heart One Global Research, an Irish-based heart information and clinical information management concern -- with technology used across the world through subsidiaries and affiliates in eight different countries -- have announced that they have agreed to merge or consummate a similar business combination making them one... http://www.freshnews.com/news/fresh-money/article_44295.html 2008-07-03 Today Wellington Partners (http://www.wellington-partners.com/), one of the leading international venture capital firms, announced that it has invested over $17 million (euro 11 million) in GameDuell (http://www.gameduell.com/), one of the fastest-growing skill game sites and the number one games community in Germany. This Series B funding will be used to accelerate... http://www.freshnews.com/news/fresh-money/article_44294.html 2008-07-03 GoFish Corporation (OTCBB: GOFH, www.gofishcorp.com), a leading online youth entertainment and media network, has closed the remaining $2 million portion of a previously announced private placement financing totaling $3.5 million. The financing, including the initial $1.5 million announced in April 2008, has now been fully subscribed. In this second closing, GoFish... http://www.freshnews.com/news/fresh-money/article_44289.html 2008-07-02 Pearl Therapeutics, Inc., a biopharmaceutical company developing products for major respiratory diseases, today announced that it has completed the closing of an $18 million round of financing. This financing was executed as an extension to its first venture financing, which closed in May 2007. Participating in the internal... http://www.freshnews.com/news/fresh-money/article_44285.html 2008-07-02 Natus Medical Incorporated (Nasdaq:BABY) today announced that it has acquired the neurology business of privately held Schwarzer GmbH in a cash transaction. The neurology division of Schwarzer, based in Munich, Germany, develops and markets computer-based electrodiagnostic systems and disposable supplies used by medical practitioners to aid in the detection,... http://www.freshnews.com/news/fresh-money/article_44277.html 2008-07-01 ICx Technologies (NASDAQ:ICXT), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, announced today that it has been awarded a $14 million contract as part of the U.S Army’s multi-billion dollar Base Expeditionary Targeting and Surveillance Sensors-Combined (BETSS-C) program, which is run by the Asymmetric... http://www.freshnews.com/news/fresh-money/article_44268.html 2008-07-01 Agiliance, the leading provider of IT governance, risk, and compliance (IT GRC) solutions, today announced it has closed a $10M Series B round of funding led by Castile Ventures. Existing investors also participated in the funding round, including Walden International, Intel Capital and Red Rock Ventures. Agiliance also... http://www.freshnews.com/news/fresh-money/article_44254.html 2008-07-01 Isis Pharmaceuticals, Inc. (Nasdaq: ISIS) announced today that Abbott has invested an additional $20 million in Ibis Biosciences, Inc., an Isis subsidiary. The investment will allow Ibis to further develop the Ibis T5000 Biosensor System, which offers a unique solution for rapid identification and characterization of infectious agents.... http://www.freshnews.com/news/fresh-money/article_44253.html 2008-07-01 Dataskill, Inc., a leading virtual information technology, data management, and software agency firm, announced today that it has signed a definitive agreement to acquire Silicon Space, LLC. The terms of the deal were not disclosed. As part of the transaction, all Silicon Space employees will join the newly combined entity,...