As funding and exits in the ad-tech sector has become harder to secure, two high-profile figures have joined forces to launch a venture capital fund with an aim to accelerate the next generation of digital advertising businesses.
Yearly Archives: 2009
NEW YORK – June 9, 2009 – Wimba® Inc., the education technology company that helps people teach people, announced today that it closed $6 million in a round of Series C venture capital financing led by ABS Ventures. This new funding will drive continued development of innovative collaborative technology and market expansion, leveraging the strength of the award-winning Wimba Collaboration Suite™ and its enthusiastic adoption amongst learning communities around the world.
Intelligrated And FKI Logistex Announce Strategic Combination, Creating An Industry Leader In Automated Material Handling Systems05/28/09
CINCINNATI OH: May 28, 2009 – Intelligrated and FKI Logistex Group Limited today announced the signing of a definitive agreement to combine the two businesses, creating the leader in automated material handling systems and services. Under terms of the agreement, Intelligrated will purchase the FKI Logistex operations located in North and South America from Melrose plc (LSE: MRO), a UK–based specialist manufacturing investment group. The combined company will continue to manufacture and support its Crisplant brand loop sorters, Alvey brand palletizers, Real Time Solution fulfillment systems as well as other products and services traditionally offered by both Intelligrated and FKI Logistex.
Batanga, Inc. Raises Series D Financing to Expand Its Ad Network in the U.S. and Latin America04/20/09
Tudor Ventures and H.I.G. Ventures lead the round to aggressively develop Batanga’s Ad Network domestically and internationally.
SAN JOSE, Calif., April 2, 2009 – Turin Networks today announced the completion of the merger with Force10 Networks®. The combined new San Jose-based company is operating as Force10 Networks, Inc. and supports a product portfolio optimized to deliver best-in-class solutions for wireless and wireline service providers, portal and web 2.0 providers as well as high performance enterprise data centers.