Round the Clock Acquisitions 11-27-2007

November 27th, 2007 at 12:00 am
 


Today’s edition of ‘Round the CLock will cover yesterday as well. Yesterday was very boring and I thought I’d include that roundup with today. So here goes.

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Snooth got another $1 million in angel funding, from its initial investors including Ryan Moynagh and Will Armitage, and a new group of international investors as well.

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Convergence Inc. , a Maynard, Mass.-based provider of IP communications security, has raised $15 million in Series D funding, according to a regulatory filing. Backers include Highland Capital Partners, Globespan Capital Partners and North Bridge Venture Partners.

Yodle Inc. , a New York-based provider of local online advertising and lead generation, has raised $12 million in second-round funding. Draper Fisher Jurvetson led the deal, and was joined by return backer Bessemer Venture Partners.

Intuit, the company behind QuickBooks, Quicken and TurboTax software, has acquired Homestead Technologies for about $170 million. As Homestead offers website creation tools and other e-commerce and marketing products made for online use, the combination of Intuit and Homestead will present opportunities for Homestead’s technologies to be used for small businesses both internally and with direct interaction with customers.

Drop.io, the hosting service that offers private online storage for media-sharing, has raised $1.25 million in a Series A round of funding, led by RRE Ventures. Managing Partner Stuart Ellman of RRE Ventures and Andrew Weinreich, CEO of Meetmoi, have joined Drop.io’s board of directors. The funding will be used for further development to the company’ infrastructure.

GuildCafe Entertainment Inc ., a Cambridge, Mass.-based social media site for online gamers, has acquired UberGuilds, a network of online gaming communities and fansites. No financial terms were disclosed. GuildCafe earlier this year raised $600,000 in seed funding from IDG Ventures Boston.

Sendori , a Sunnyvale, Calif.-based company that drives online traffic from generic domains to specific Web advertisers, has secured $800,000 of a $2.12 million Series A-1 round, according to a regulatory filing. Backers include First Round Capital, Baseline Ventures, Maples Investments and Felices Ventures.

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Of course thank you to TechCrunch , Mashable and PEHub for the update.