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Dell Names Jim Breyer to Board of Directors
04/13/2009 |
| | ROUND ROCK, Texas - (BUSINESS WIRE) - Dell announced today that Jim Breyer, a partner with Accel Partners, has been appointed to the Dell board of directors. Mr. Breyer joins the board immediately and will stand for election by shareholders at Dell’s annual meeting on July 17. |
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Accel Partners Adds Google Executive Sukhinder Singh Cassidy as CEO-in-Residence
04/08/2009 |
| | PALO ALTO, CA, April 8, 2009 - Accel Partners, a leading global venture and growth equity firm funding companies from inception through the growth stage, today announced the addition of Sukhinder Singh Cassidy as CEO-in-Residence. Ms. Singh Cassidy joins Accel from Google where she served most recently as President for Asia-Pacific (APAC) & Latin American Operations. In this role, she was responsible for all of Google’s commercial operations in both regions, and built the company’s presence from inception to its current scale serving users, advertisers and partners across 40 domains and 103 different countries throughout APAC and Latin America. |
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Accel Partners Closes Two New Funds
12/11/2008 |
| | December 11, 2008 – Palo Alto and London: Accel Partners, a leading global venture capital firm, today announced the closing of two new funds, Accel Growth Fund at $480 million and Accel London III at $525 million. “We’re very pleased with the support of our long-time investors in these unique economic times,” said Jim Breyer, Partner at Accel, “and this milestone represents a continued validation of Accel’s strategy to back the leading technology and media companies globally, from inception through growth.” |
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Accel India announces closure of new $60 Million Seed and Early Stage Fund
11/12/2008 |
| | November 12, 2008 – Bangalore: Accel has closed a $60M Venture Fund to invest in seed and early stage opportunities in India.
The Fund will pursue a multi-sector strategy, targeting opportunities in Technology, Technology-enabled Services, Internet, Mobile, Media, Life Sciences, Consumer Products and Services, and other high-growth... |
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Theresia Gouw Ranzetta featured in Fortune Magazine article
10/06/2008 |
| | (Fortune Magazine) -- The clock has just struck seven on a Thursday night, and Sheryl Sandberg is networking furiously. Not on Facebook, the site she joined in March as COO and where she boasts 1,114 "friends." No, she's doing it the old-fashioned way, in her Atherton, Calif., living room. She hosts her Silicon Valley soirees a few times a year, and it's always the A-list crowd. On this particular evening the group includes the new head of eBay North America, the manager of Google's ad-selling platforms, and well-known tech bankers and venture capitalists. |
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Accel-KKR Closes Third Private Equity Fund With $600 Million
09/09/2008 |
| | September 9, 2008 - Accel-KKR Closes Third Private Equity Fund With $600 Million; Growth-Oriented Technology Buyout Fund Oversubscribed By $150 Million; Fundraising Completed After Limited Marketing Process; Firm's Total Assets Under Management Exceed $1 Billion |
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| Kosmix, Mochi, Etsy, Cloudera and Admob: Businessweek’s 2009 Top 50 Tech Startups 06/24/2009 |
| | BusinessWeek and market researcher YouNoodle have teamed up to identify 50 tech startups flying under the radar. Our list includes fledgling tech companies—most started in 2005 and later—from the U.S., China, India, Israel, and Russia that are attracting some early buzz and are poised to grow beyond their regional or niche-market origins. |
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| Tumri Raises $15M Financing, Adds Time Warner as Strategic Investor 06/22/2009 |
| | Online ad firm Tumri has secured $15 million in financing from Time Warner (NYSE: TWX) Investments and others as it seeks to complete its transition from a contextual-ad supplier to a business focused on display. The investment includes over $10 million in equity from Time Warner and previous backers Accel Partners, Shasta Ventures and Tenaya Capital, plus $5 million in a debt commitment from Silicon Valley Bank. The company will use the proceeds for a global rollout, as well as building up its sales and marketing team. With this financing, the Mountain View, Calif.-based company has raised a total of $31.5 million in investments. |
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| The Great Wall of Facebook: 06/22/2009 |
| | Larry Page should have been in a good mood. It was the fall of 2007, and Google's cofounder was in the middle of a five-day tour of his company's European operations in Zurich, London, Oxford, and Dublin. The trip had been fun, a chance to get a ground-floor look at Google's ever-expanding empire. But this week had been particularly exciting, for reasons that had nothing to do with Europe; Google was planning a major investment in Facebook, the hottest new company in Silicon Valley. |
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| Facebook Dethrones MySpace in US 06/16/2009 |
| | Facebook Inc., after eclipsing MySpace in global users last year, now leads its social-networking rival in the U.S. as well, according to research firm ComScore Inc.
The Palo Alto, Calif., company had 70.28 million U.S. users last month, topping MySpace's 70.26 million, ComScore said. Facebook's users almost doubled from a year earlier, while MySpace lost 5%. |
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| OpenX CEO Interview in Wired Magazine 06/15/2009 |
| | The internet has wrecked the conventional model of advertising-driven content, but parts of that model can be revised, OpenX CEO Tim Cadogan said Monday. And he’s here to help. |
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| Altor Networks Wins Reader Trust Award for Virtual Network Security 05/19/2009 |
| | Redwood City, CA – May 19, 2009 – Altor Networks announced today that Network Products Guide, industry’s leading publication on information technologies and solutions has named Altor VF virtual firewall a winner of the 2009 Best Products and Services Award. This respected annual award honors products and services that represent the rapidly changing needs and interests of the end-users of technology worldwide. As part of the tech-industry’s leading global awards program, this year’s Best Products and Services were nominated from all over the world. |
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| StumbleUpon Goes Independent; Backed by Founders and New Investors 04/13/2009 |
| | April 13, 2009 - StumbleUpon, the best way to discover new content on the Internet, today announced that after nearly 2 years as a subsidiary of eBay Inc., it has returned to the ranks of an investor-backed startup. StumbleUpon is now backed by the original company founders, Garrett Camp and Geoff Smith, as well as a number of well-known investors including Ram Shriram of Sherpalo Ventures, Accel Partners, and August Capital. Camp takes on the role of CEO of StumbleUpon. |
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| Transera Secures $17 Million in New Round of Funding 03/12/2009 |
| | SUNNYVALE, Calif. - (BUSINESS WIRE) - Transera Communications, a pioneer in on-demand virtual contact center software, today announced that it has raised $17 million in funding from Accel Partners, Apax Partners, Lighthouse Capital Partners, and Storm Ventures. The funds will be used to accelerate the company’s rapid growth and fuel investments in customer acquisition, go-to market partnerships, service infrastructure, and product development. |
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| Jasper Design Automation Raises $7 Million in Series D Funding 02/18/2009 |
| | MOUNTAIN VIEW, Calif. - (BUSINESS WIRE) - Jasper Design Automation, leading EDA provider of design, verification, and reuse solutions leveraging formal technologies, today announced it has raised $7 million in Series D financing. The investment round was led by new investor, ZenShin Capital of Menlo Park. Joining the financing were existing investors: Accel Partners, Cambrian Ventures, Foundation Capital, InnovationsKapital, and Northzone Ventures. The funds will provide working capital to support Jasper’s self-sufficient operations and continued market and product expansion. |
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| ConSentry Networks Wins Security Product of the Year at NetEvents Awards 02/18/2009 |
| | MILPITAS, Calif. - (BUSINESS WIRE) - ConSentry Networks, the leader in intelligent control, announced today that its LANShield platform has won the “Security Product of the Year” award at the NetEvents “Technology Leader” European Awards 2009. The ConSentry LANShield platform includes the LANShield Switch and LANShield Controller. |
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| ConSentry Closes New Funding, Attracts Top Switching Talent for Next Phase of Growth 01/14/2009 |
| | MILPITAS, Calif. - (BUSINESS WIRE) - Addressing the growing enterprise need for intelligent control of users and applications, ConSentry Networks today announced an additional $9.4 million in venture funding and a new management team. Accel Partners led the round and was joined by existing investors DAG Ventures, Invesco Private Capital, Northgate Capital, Translink Capital, and Vedanta Capital. ConSentry will use the funds to grow and support the channel for its LANShield™ intelligent control platforms and to expand its global marketing outreach. ConSentry also has added three new senior executives to its ranks: Rod Kay, executive vice president of marketing and sales; Robert Hon, executive vice president of engineering; and Derek Granath, vice president of marketing. |
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| StreamBase Systems raises $6.24 million in Series D funding round 01/13/2009 |
| | StreamBase Systems Inc., a US-based provider of event processing software, has raised around $6.24 million in Series D round of funding from Battery Ventures, Accel Partners, Bessemer Venture Partners, Highland Capital Partners, LLC, and In-Q-Tel, Inc. |
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| Canaan Partners and Accel India invest in Chakpak 12/23/2008 |
| | New Delhi, INDIA, December 23, 2008: Indian ventures in Online Entertainment Communities have got a major boost today with Canaan Partners – a global early stage venture investor in innovative technology companies - announcing an investment in Chakpak (www.chakpak.com), a next-generation online entertainment community from India. |
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| IBM announces plans to acquire virtualization company Transitive 11/18/2008 |
| | ARMONK, NY--(Marketwire - November 18, 2008) - IBM (NYSE: IBM) today announced it plans to acquire Transitive Corporation, a privately held technology company headquartered in Los Gatos, California, with a research and development team in Manchester, United Kingdom. Financial terms were not disclosed. |
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| Belden to buy wireless LAN vendor Trapeze 11/18/2008 |
| | Belden has announced it will buy wireless LAN vendor Trapeze Networks for $133 million in cash.
The purchase adds a complete controller-based WLAN product line to Belden's existing copper and fiber-optic cabling, cable management, and connectivity products. It's apparently an attempt to position Belden as a supplier of "unified wired and wireless solutions," according... |
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| AdMob Closes $15.7 Million in Funding for Operations in Growth Markets 11/04/2008 |
| | AdMob is a rare start-up these days: it is hiring instead of laying off employees and it is cash-flow positive. The mobile advertising network, which places ads on Web sites people view on their phones, announced Wednesday that it had raised $15.7 million in its third round of financing from Accel and Sequoia Capital. |
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| WiChorus Raises $18 Million in Series C Funding 11/03/2008 |
| | WiChorus, Inc., a developer of solutions for WiMAX and 4G wireless core networks, has raised $18 million in Series C funding from its existing investors Accel Partners, Mayfield Fund, and Redpoint Ventures. All the parties are based in the US. |
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| Playfish Completes $17 Million Financing and Continues Success as Social Games Leader 10/28/2008 |
| | London – October 28, 2008 – Playfish, a developer and publisher of games for social networks, announced today that it has completed a new round of funding led by Accel Partners and Index Ventures. The $17 million Series B investment will be used to continue Playfish’s mission to become the leading company in social games, a sector which promises to play an increasingly important role in the future of the gaming industry. |
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