Services

Banks maintain historical rates to invest in private comapnies and then advise on their flotations.

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.

The lessons from the best practices are captured in the Global Corporate Venturing Best Practices and Awards supplement.

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

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.

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.

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.

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

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

Supplement covering the best practices shown by the industry over the past year as well as award winners from the inaugural Global Corporate Venturing event.

Research by Gary Dushnitsky, associate professor at London Business School, revealed at the Global Corporate Venturing Symposium on Wednesday found the outperformance covered both a company's market value to book value ratio and their innovation capacity, as judged by patents.