Round the Clock Acquisitions 08-January-2008

January 8th, 2008 at 12:00 am

computer with money

It just still keeps getting better.  I haven’t seen anyone go in to the dead pool since late December.  With CES 2008 happening in Las Vegas, there seems to be a new air of hope and motivation for web startups and venture capitalists to look into new technologies and the potential of new companies as well as the maturing startups.

So here’s the round up of fundings and acquisitions and potential investments going around the web today.


Balihoo has just announced funding for its recently launched online search engine for advertisers. With an additional $4 million in the bank, Balihoo plans on augmenting its sales and marketing efforts towards the media buying and planning community. The funding was led by Boise-based venture capital firm Highway 12 Ventures with additional participation from existing investor Lacuna Capital.

SoonR, a Campbell, Calif.-based provider of computer file availability and continuity solutions, has raised $9.5 million in Series B funding. Cisco Systems led the round, and was joined by return backers Intel Capital and Clearstone Venture Partners. The company has now raised $15.5 million in total funding since launching two years ago.

Microsoft announced a $1.2 billion takeover offer for Norwegian enterprise search company Fast Search and Transfer. FAST’s board of directors unanimously recommended that shareholders approve the deal, and 37% of the shareholders — including the company’s two largest institutional investors — have already irrevocably accepted the offer.


Looks like a promising year for these guys and that $1.2Bn is hot for FAST.  Regardless, this just comes to show that the good days of Google-buying-YouTube aren’t over yet.