Exit watch, week of June 15, 2009

Natural Convergence buys NewStep

Natural Convergence Inc.

, an Ottawa-based provider of hosted VoIP software applications, has acquired NewStep Networks Inc., a Toronto-based provider of session management convergence solutions for carriers and enterprises. No financial terms were disclosed. NewStep had raised VC funding from VenGrowth Private Equity Partners, BDC Venture Capital and Newbury Ventures. Natural Convergence is also venture-backed, having VC funding from VIMAC Ventures, Jefferson Partners, BDC Venture Capital, Dejardins, Primaxis, WesleyClover and PurpleAngel.

CA buys cloud computing company Cassatt

Computer Associates Inc.

(Nasdaq: CA) has acquired most of the assets of San Jose, Calif.-based cloud computing company Cassatt Corp. No financial terms were disclosed for the deal. Cassatt had raised more than $76 million in VC funding since 2003 from New Enterprise Associates, Warburg Pincus, Hewlett-Packard and Quatris Fund.

VentureWire reported that Cassatt had been on the verge of bankruptcy.

SourceForge scoops up Ohloh


(Nasdaq: LNUX) has agreed to acquire Ohloh Corp., a Bellevue, Wash.-based operator of an open source data and information community. No financial terms were disclosed. Ohloh has raised an undisclosed amount of VC funding from Divergent Ventures.

RIM dials up Dash

Research in Motion

reportedly has acquired Dash Navigation Inc., a Mountain View, Calif.-based provider of Internet-connected automotive GPS devices. No financial terms were disclosed. Dash had raised about $70 million in VC funding since 2005 from Crescendo Ventures, Kleiner Perkins Caufield & Byers, Sequoia Capital, Skymoon Ventures and ZenShin Capital Partners.