LSI acquires ONStor for $25M
(NYSE: LSI) has agreed to acquire ONStor Inc., a Campbell, Calif.-based provider of clustered NAS storage solutions for the enterprise. The deal is valued at $25 million in cash, and is expected to close within the next 30 days. ONStor had raised about $130 million in VC funding since 2001 from Foundation Capital, Velocity Interactive Group (f.k.a. ComVentures), Mayfield Fund and Worldview Technology Partners.
Alcatel-Lucent buys Velocix
Alcatel-Lucent (NYSE: ALU) has acquired Velocix, a U.K.-based provider of content delivery infrastructure and services. No financial terms were disclosed. Velocix had raised about $36 million in VC funding from 3i Group, Amadeus Capital Partners, Penta Capital and Gateway Global.
Circadence buys Iptivia
Circadence Corp. has acquired the intellectual property portfolio of Iptivia Inc., a New York-based provider of IP service assurance solutions to enterprises and service providers. No financial terms were disclosed. Iptivia had raised a $6.54 million Series A round from Paladin Capital Management and OmniCapital Group.
Yahoo purchases Xoopit
has acquired Xoopit, a San Francisco-based social email company. Xoopit had raised about $6.5 million in VC funding from Accel Partners, Foundation Capital and individual investors. No financial terms were disclosed for the sale, although one published report put the price tag at about $20 million.
Sparxent signs off on Cemaphore acquisition
, an IT rollup platform sponsored by vSpring Capital, has acquired Cemaphore Systems, a San Mateo, Calif.-based provider of email synchronization and protection software. No financial terms were disclosed. Cemaphore had raised about $24 million in VC funding from Mayfield Fund, Worldview Technology Partners and vSpring.
Nokia scoops up Cellity assets
has agreed to acquire the assets of German mobile software provider Cellity AG. No financial terms were disclosed. Cellity had raised VC funding from Mangrove Capital Partners and Neuhaus Partners.