Intuit buys PayCycle for $170M
(Nasdaq: INTU) has agreed to acquire PayCycle Inc., a Palo Alto, Calif.-based provider of online payroll services, for about $170 million in cash. PayCycle had raised nearly $30 million in VC funding since 2000 from August Capital, CCP Equity Partners, DCM, Irwin Ventures and Total Technology Ventures. PayCycle was advised on the sale by Raymond James & Associates.
Lithium scoops up Keibi
, an Emeryville, Calif.-based provider of on-demand solutions for enterprise communities, has acquired Keibi Technologies Inc., a San Francisco-based provider of automated content discovery, analysis and moderation for online communities. No financial terms were disclosed. Keibi had raised about $9 million from Catamount Ventures and Hunt Ventures. Lithium is also venture-backed, having raised $21 million in VC funding from Benchmark Capital, Emergence Capital and Shasta Ventures.
NetLogic pays $184M for chip company
NetLogic Microsystems Inc. (Nasdaq: NETL) has agreed to acquire fabless semiconductor company RMI Corp. (f.k.a. Raza Microelectronics Inc.), for about $184 million. Most of the purchase price is in NetLogic stock. RMI had previously raised about $152 million in VC funding since 2004 from Benchmark Capital, DAG Ventures, Kodiak Venture Partners, Raza Foundries, Advanced Equities and Warburg Pincus.
Skyworks acquires Axiom
Skyworks Solutions Inc.
(Nasdaq: SWKS) has acquired Axiom Microdevices Inc., an Irvine, Calif.-based provider of metal oxide semiconductor power amplifiers. No financial terms were disclosed. Axiom Microdevices had raised nearly $44 million in VC funding from Tallwood Venture Capital, U.S. Venture Partners, Anthem Venture Partners and VentureTech Alliance.
Medtronic buys PreciSense’s assets
(NYSE: MDT) has acquired substantially all the glucose monitoring assets from PreciSense AS, based in Denmark. No financial terms were disclosed. PreciSense has raised a small amount of VC funding from Novo AS and the Danish Growth Fund.
Crosscheck acquires VC-backed Forum Systems
Crosscheck Networks Inc.
, a provider of Web services testing and simulation tools, has acquired Sandy, Utah-based Forum Systems, a developer of Web security solutions. Financial terms of the deal were not disclosed. Forum Systems has raised at least $17.5 million in funding from CMS Cos., GMG Capital Partners and Wasatch Venture Fund.