Hytera Communications China, the parent company of Miramar-based Hytera Communications Co., Ltd., has announced the successful Initial Public Offering on the Shenzhen Stock Exchange of 70 million shares at an initial price of $3.06/share. Total authorized capital is 278 million shares. The sale generated $214.2 million in funds for future investments.
U.S. TelePacific Corp, which does business as TelePacific Communications, a communications and network services company, announced a definitive agreement to acquire Tel West Network Services Corporation. The combined company will continue to be headquartered in Los Angeles and led by Chairman and Chief Executive Officer Dick Jalkut. Tel West will continue to operate under its own name and the leadership of Jeff Swickard who will continue as President of Tel West.
Ixia, provider of converged IP and wireless network test solutions, announced that it has signed a definitive agreement with VeriWave, a performance testing company for wireless LAN and Wi-Fi enabled smart devices, to acquire VeriWave. Subject to customary closing conditions, the acquisition is scheduled to close on or about July 18, 2011. The purchase price and other terms of the acquisition were not disclosed. Ixia expects to see accretive results from the acquisition within one year.
Square, the mobile payment startup, announced through twitter that it has received $100 million in Series C Financing led by Kleiner Perkins Caufield & Byers. Read more here.
