Round the Clock Acquisitions: Feb 07 2008

February 7th, 2008 at 12:00 am


The trading week is dying down and major transactions are getting harder to spot.  However, Microsoft amid its very loud and public offer for Yahoo, has shifted its attention to another of their service.  Their latest acquisition is also a blunt and public message to Google Earth and Maps.  More below.

There also some other acquisitions and fundings but none of which as big as Microsoft or Google.  Anyway, going back to Yahoo, rumor has it that they are trying to get Nokia to back them up.  Well, we’ll definitely report that when it’s passed the rumor stage.


Virtual world for kids 8-12 Dizzywood has taken $1 million Series A in a round led by Shelby Bonnie with Charles River Ventures and other individual investors also participating.

Online video platform TurnHere has raised $7.5 million in funding from Venrock and Hearst Interactive Media. The funding will go towards product development and expansion of the TurnHere filmmaker network, as well as the company’s in-house production team. While TurnHere has been working hard in the past year to increase the number of partnerships it has with clients and other companies, in order to spread its service and products across the web.

SugarCRM has landed a $20 million venture investment round, designed to boost international expansion by the maker of open-source customer relationship management software, the company said Thursday.

WooMe’s online network that can be used for virtual introductions ranging from speed dating to job interviews has just announced a $3 million bridge round, led by Mangrove and previous investors Atomico (which was founded by Nikas Zennstrom and Janus Friis), and Klaus Hommels. WooMe has also added the help of Oliver Jung to aid with the company’s international expansion.

Microsoft has announced its acquisition of Caligari Corp, a specialist in 3D modeling, in order to build a more “immersive…Web experience” for users of the Live Maps service. Roman Ormandy, the CEO of Caligari, stated in a post yesterday in his company’s online forum that his staff as well as the people tasked with building Virtual Earth since the start are committed to a vision ensures a “long-term commitment to the 3D Web.”

Consim Info Pvt Ltd. (f.k.a. BharatMatrimony), an India-based provider of online matrimonial services, has raised $11.75 million in Series B funding. Mayfield led the deal, and was joined by return backers Canaan Partners and Yahoo. The company had raised an $8.6 million first round in 2006.


Thanks to TechCrunch, Mashable, Webware and PEHub.