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Page 463

RIM buys Tungle and boosts prize

Canada-based corporate venture-backed BlackBerry Partners Fund and phone maker Research In Motion (RIM) have doubled the prize for its annual Blackberry Developer Challenge to $3m, while one of its fund managers has exited Tungle.

May 1, 2011

Plateau Software reaches exit summit

SuccessFactors to buy Plateau Software for $290m and give an exit to consortium including GlaxoSmithKline-backed EuclidSR Partners.

Apr 28, 2011

Peacock wins with Bigpoint exit

US-based cable company Comcast's Peacock Equity corporate venturing fund will sell its holdings to US-based growth equity investors Summit Partners and TA Associates, whose $350m funding in Bigpoint is the second-largest investment in an online gaming company.

Apr 26, 2011

GE finds Momentive catalyst

Momentive plans to raise up to $862.5m in its initial public offering, according to its regulatory filing. Apollo owns 89.5% of Momentive, with GE Capital Equity Investments, a subsidiary of General Electric, holding 8.9%.

Apr 26, 2011

Corporates advertise Greystripe exit

Investment bank Montgomery advised Greystripe on its $70m exit to ValueClick, a Nasdaq-listed online marketing services provider.

Apr 26, 2011

Morgan Stanley misses BrightSource listing

Goldman Sachs, Citigroup and Deutsche Bank are serving as co-lead underwriters for US-based solar power tower developer BrightSource Energy's flotation, although their peer Morgan Stanley, which owns 10.5% of its portfolio company.

Apr 26, 2011

Intel aims for further flotations

Impinj, a US-based provider of radio-frequency identification (RFID) tags, filed for a $100m initial public offering (IPO) while Phoenix New Media, the digital media arm of Phoenix Satellite Television, plans to raise double that.

Apr 23, 2011

Cisco floats 21Vianet Group

21Vianet had planned to raise $158.7m by issuing 11.5 million American depositary shares (ADSs), each representing six class A ordinary shares, according to its regulatory filing. Instead, it priced 13 million ADSs at $15 each and closed its first day of trading up 25%.

Apr 23, 2011

Gree becomes the destination

Japan-based social network provider Gree buys OpenFeint for $104m and commits to an Android fund.

Apr 23, 2011

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