Round the Clock Acquisitions: Feb 18 2008

February 18th, 2008 at 12:00 am

more money

Quite unexpected that the list today isn’t that long.  However, VC’s are as usual pouring in money and big companies are gobbling up smaller ones.  All in a day’s work.

After the whole Microhoo fiasco, it may be a while til another huge merger.  Til then, we got our round ups. 


ActionBase, an Israel-based developer of an email-based system for tracking decision execution, has raised $6.5 million in new VC funding. Giza Venture Capital and Vertex Management co-led the round, and were joined by return backers Advantech Technologies and Sam Somech.


Novell (Nasdaq: NOVL) has acquired SiteScape, a Maynard, Mass.-based provider of open-source team collaboration solutions. No financial terms were disclosed. SiteScape had raised around $11 million in VC funding since 1999, from firms like the Massachusetts Technology Development Corp., SAIC Venture Capital and Echelon Ventures.

Invodo Inc., an Austin, Texas-based online video management platform, has secured $1.2 million of a $1.5 million Series A round, according to a regulatory filing. Backers include Sevin Rosen Funds and S3 Ventures.

Coverity, a San Francisco-based startup has raised $22 million to expand beyond its core source code analysis product. The money, from Foundation Capital and Benchmark Capital, will allow Coverity to start selling its more than 400 customers products, which help developers reduce the mistakes made during the software coding and architect process.


[via PEHub and TechCrunch]