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Page 375

Salesforce pumps up ServiceMax

ServiceMax, a provider of mobile field service applications formerly known as Maxplore Technologies, has raised $14m in its series C round from a consortium including online software group Salesforce.com.

Jun 13, 2011

Google eyes AdMeld

News provider TechCrunch said Google was in negotiations to buy AdMeld for $400m after its $150m to $200m offer in February last year was rejected.

Jun 13, 2011

Foley & Lardner sets up fund

More than 70 of Foley's 350 legal partners have committed to the $4m corporate venturing fund, which will be drawn down over two years.

Jun 4, 2011

SAP leads way into OpenX

Alongside SAP Ventures in OpenX's $20m D round are AOL Ventures, the corporate venturing unit of internet services provider AOL, Japan-based financial services group Mitsui, Presidio Ventures, which invests on behalf of Japanese conglomerate Sumitomo and venture capital firms Accel Partners, DAG Ventures and Index Ventures.

Jun 1, 2011

MerchantCircle finds its Reply

The combined business, called Reply, estimated revenues of more than $100m next year.

May 27, 2011

Tesco hears the word on BzzAgent

IDG Ventures Boston, the corporate venturing unit of US-based publisher International Data Group before it became independent and renamed Flybridge, and venture capital firm General Catalyst Partners invested $13.75m in BzzAgent in 2006.

May 27, 2011

WPP joins angels in Shacho

Josh James, former founder of software provider Omniture, which was sold to Adobe for $1.8bn in 2009, started Sacho as a business intelligence technology start-up, which has yet to launch. WPP invested $25m in Omniture in January 2009 as part of a strategic partnership and sold its shares for $61.3m in its September exit to Adobe.

May 27, 2011

9flats.com starts eVenture

German internet entrepreneur Stephan Uhrenbacher, the founder of the local review site Qype and the former head of northern European operations for the travel booking site Lastminute.com, launched 9flats in February.

May 27, 2011

Time Warner backs BlackArrow

Joan Gillman, president of media sales for Time Warner Cable, joins the BlackArrow board as its C round is extended to $27m.

May 27, 2011

Tencent and Expedia book into eLong

Tencent, which in turn is backed by South Africa media group Naspers' corporate venturing unit, invested $84.4m in eLong for a 16% stake.

May 26, 2011
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