Logicalis Group, the international IT and Communications solutions integrator, has acquired Netarx, Michigan-based solution provider. Netarx provides IT professional services including managed services, data center, collaboration, and infrastructure design solutions to customers throughout the Great Lakes and Arizona. Read full press release here.
Brightstar Corp., services and solutions for the wireless industry, announced it has acquired a majority interest in Flipswap Services LLC. The remaining interest of Flipswap Services will be owned by Flipswap Inc., international provider of consumer electronics buyback programs. Utilizing Brightstar’s existing relationships and Flipswap’s proprietary buyback technology, the new company will work with network operators and wireless retailers to collect, refurbish, and resell wireless handsets where possible, or recycle in an environmentally friendly manner those handsets that are not resalable. Read full press release here.
Compuware Corporation, the technology performance company, announced that it has acquired privately held dynaTrace software. The $256 million cash acquisition closed on July 1, 2011. dynaTrace was founded by Bernd Greifeneder, Sok-kheng Tang and Hubert Gerstmeyer in 2005. Ben Nye at Bain Capital Ventures invested in dynaTrace at its founding, and Salil Deshpande of Bay Partners joined the company’s board in 2008. Pacific Crest Securities served as the advisor to dynaTrace on this transaction. Read full press release here.
i-Free Company announces the opening of the venture capital fund i-Free Ventures. The fund will invest in venture projects in informational technologies sphere. The Fund will provide financing, education and mentorship for startups and technology companies at any level of their development – from Seed Stage to Early Growth Stage. Read full press release here.
Valens Semiconductor, provider of semiconductor products for the distribution of uncompressed high-definition (HD) multimedia content and the inventor of the HDBaseT(TM) technology, announced that it has raised $14 million in its latest round of funding. The Series B round of financing comes from a blend of new strategic partners, including Taiwan-based Pegatron and Japan-based Mitsui & Co. Global Investment Ltd., together with new venture capital fund investors, Amiti Ventures and Aviv Venture Capital. In addition, Genesis Partners and Magma Venture Partners, who participated in Series A round of financing, also contributed to Series B. Read full press release here.
