Exit watch, week of Sept. 14, 2009

Abbott acquires Visiogen for $400M


Labs (NYSE: ABT) has agreed to acquire Visiogen Inc., an Irvine, Calif.-based developer of products for cataract and refractive patients, for $400 million in cash. Visiogen had raised about $97 million in VC funding since 2001 from Three Arch Partners, New Leaf Venture Partners, Novartis Venture Fund, Prospect Venture Partners, CMEA Capital and Foundation Medical Partners.

EMC scoops up Kazeon, FastScale

EMC Corp. (NYSE: EMC) has agreed to acquire Kazeon Systems Inc., a Mountain View, Calif.-based provider of e-discovery software. No financial terms were disclosed for the deal, which is expected to close later this month. Kazeon had raised about $75 million in VC funding since 2003 from Goldman Sachs, Menlo Ventures, Wilson Sonsini, JK&B Capital, Focus Ventures, Clearstone Venture Partners and Redpoint Ventures.

Separately, EMC has also acquired FastScale Technologies Inc., a Santa Clara, Calif.-based provider of data center software platforms. No financial terms were disclosed. FastScale had raised $11.5 million in VC funding from ATA Ventures, Leapfrog Ventures and Hunt Ventures.

Ad companies merge

AdMob, a San Mateo, Calif.-based mobile advertising marketplace, has acquired AdWhirl, a Menlo Park, Calif.-based developer of monetization solutions for mobile app makers. No financial terms were disclosed. AdWhirl had raised seed funding from Foundation Capital and individual investors. AdMob is also venture-backed, having raised more than $46 million in VC funding from Accel Partners, Sequoia Capital, DFJ Growth Fund and Northgate Capital.

Tibco Software buys DataSynapse

Tibco Software Inc.

(Nasdaq: TIBX) has acquired DataSynapse Inc., a New York-based provider of enterprise grid and cloud computing software. The deal is valued at about $28 million in cash. DataSynapse had raised about $46 million in VC funding beginning in 2000 from Bain Capital Ventures, Broadview Capital Partners, Goldman Sachs, Greenhill SAVP, Intel Capital, NeoCarta Ventures, Rare Ventures, Stonehenge Capital, Wand Capital and Wachovia.

HiveLive sells for $6M


(Nasdaq: RNOW) has agreed to acquire HiveLive Inc., a Boulder, Colo.-based provider of an enterprise social software platform, for about $6 million in cash. HiveLive raised $5.6 million in first-round funding in early 2008 from Grotech Capital Group.

Informatica buys Agent Logic

Informatica Corp.

(Nasdaq: INFA) has acquired Agent Logic, an Arlington, Va.-based provider of complex event processing software. No financial terms were disclosed. Agent Logic had previously raised a small amount of VC funding from Walker Ventures and In-Q-Tel.