$martEconomy

Optaros Receives Funding

Optaros, an open-source focused consulting and systems integration company, announced growth funding from Charles River Ventures and Bob Gett, founder and CEO of Optaros.

Funds will be used for product development.

Optaros is located in Cambridge, Massachusetts.

Lead Source: Business Wire

IP Unity Receives Crossborder Funding

IP Unity, a company that provides IP service solutions, including voicemail and messaging for TDM, IP and blended networks, received a growth investment from TELUS Ventures, an investment arm of  TELUS (TSX: T, T.NV; NYSE: TU) the second largest telecommunications company in Canada.

Financial details of the transaction were undisclosed.

IP Unity is located in Milpitas, California.

Lead Source: Business Wire

Vitel Software Acquired BY Concord Communications

Vitel Software, a voice network and security software company, has entered into an acquisition agreement with Concord Communications (NASADAQ: CCRD), a business services management software company. The purchase price is estimated at $4 million plus debt assumption. The transaction is expected to close in January, 2005.

Vitel Software is located in Worcester, Massachusetts. Concord Communications is located in Marlboro, Massachusetts.

Lead Source: Business Wire

Sprint, Nextel, Merge

Sprint (NYSE: FON) and Nextel Communications (NASDAQ: NXTL) announced they will partake in a merger of equals. The merged company, which has a combined equity of $70 billion, will be called Sprint Nextel. Sprint's local telecommunications business will be spun off to shareholders following the transaction.

Sprint headquarters is located in Kansas City, Kansas. Nextel Communications' headquarters is located in Reston, Virginia.

Lead Source: Business Wire

 

Archivas Receives $10 Million

Archivas, an online archives management software company, received $10 million in a Series-B round of funding from North Bridge Venture Partners, Polaris Venture Partners (returning) and Solstice Capital (new).

Funds will be used for product development.

Archivas is located in Waltham, Massachusetts.

Lead Source: Business Wire

TFR Technologies Acquired By TriQuint Semiconductor

TFR Technologies, a company that develops and manufactures frequency control devices using proprietary thin film resonator technology, has been acquired by TriQuint Semiconductor (NASDAQ: TQNT) in a cash transaction. Deal information is available at the TriQuint Semiconductor website. the transaction close is expected January 2005.


TFR Technologies is a privately-held company located in Bend, Oregon.

Lead Source: Business Wire

XDx Receives $20 Million

XDx, a molecular diagnostics company received $20 million in a series-D round of funding from Sprout Group (lead), Bay Area Equity Fund (managed by JP Morgan, Integral Capital Partners and Burrill & Company (new), Kleiner Perkins Caufield & Byers and TPG Ventures (returning).

Funds will be used for product launch. Vijay Lathi, a partner with Sprout Group, will join XDx's board.

XDx is located in San Francisco, California.

Lead Source: Business Wire

Global Document Solutions Receives Equity Financing

Global Document Solutions, a document management and distribution company, received equity financing from FTVentures. Financial details of the investment were undisclosed.

Funds will be used for market expansion. Mohit Daswani, principal at FTVentures and Garen Staglin, advisor to FTVentures, will join Global Document Solutions' board.

Global Document Solutions is located in New York City.

Lead Source: Business Wire

Nsite Receives Funding

Nsite, a business process automation company, received an investment from venture capital firm, Copan. Financial details of the investment were undisclosed.

Funds will be used for market expansion into Europe.

Nsite has headquarters in Pleasanton, California.

Lead Source: Business Wire

GCT Semiconductor Receives $20 Million

GCT Semiconductor, a semiconductor developer for the wireless communications industry, received $20 million in a Series-D round of funding from Samsung Venture Investment Corporation (lead), UTStarcom, East Gate Capital, Bokwang Investment Partnership, AT Ventures, KGI Partners, Nexus Investment (new), Parakletos Ventures and Pequot Capital (returning).

Funds will be used for production.

GCT Semiconductor has offices in San Jose, California and Korea.

Lead Source: Business Wire