Private Equity Week Wire for Tuesday 4/10

WASHINGTON DC –The Grosvenor Funds, a Washington,DC-based early stage venture capital firm, announces that Steven J. Bottum,formerly a partner with Thomas Weisel Partners, has joined The GrosvenorFunds as a Managing Partner and head of The Grosvenor Funds? new office inSan Francisco. Mr. Bottum joins The Grosvenor Funds from Thomas Weisel Partners, where hewas the partner responsible for establishing and building that firm?smergers and acquisitions (M&A) practice.

HUNTSVILLE, AL — Mobular Technologies, formerly Science Communications, today announced that it has raised $5M in financing co-led by ABS Ventures, an affiliate of Deutsche Bank Alex. Brown, and Southeastern Technology Fund. John Burke (ABS) and Emerson Fann (SET) will take seats on Mobular Technologies’ board of directors. The capital will be used for product development and sales and marketing expansion. Mobular Technologies’ rebranding initiative is to more effectively reflect its key information mobilization offerings.

BEVERLY, MA — River Logic, a leading provider of decision-support technology, today announced it has received an investment from the Intel(R) 64 Fund. Financial details were not disclosed. The Intel 64 Fund investment was made in support of River Logic’s commitment to port and tune its Enterprise Optimizer(TM) software application to Intel’s IA-64 platform, beginning with the Itanium(TM) processor. Other investors contributing in this round of funding include Cardinal Investment, Inc., CT Holdings (NASDAQ:CITN), eMed Ventures, and Mercury Ventures.

ROCKVILLE, MD — NFR Security Inc., a technology leader in information security systems, todayannounced the completion of a $22.3 million round of private equityfinancing. The investment will help fuel the continued growth of NFR’ssales, marketing and development activities as it further penetrates therapidly growing security software marketplace. Allen & Company Incorporated, Digital Bandwidth LLC, Intel Corporation, J. & W. Seligman & Co. Incorporated, and Lazard Technology Partners were themajor contributors to the round, which also included a suite of privateinvestors.

TORONTO — TD Capital today announced it has successfully completed fund-raising for its Canadian Private Equity Partners fund with commitments totalling $635 million, establishing the largest private equity partnership in Canadian history.”With the successful closing of the Fund, we are increasing an important source of financing for growing Canadian enterprises seeking funds for expansion, leveraged buy-outs, acquisitions and restructuring,” said Natalie Townsend, President of TD Capital ? the private equity arm of TD Securities. “We believe strongly that the combination of this capital with TD Capital?s value-added approach, will be a much needed catalyst to help Canadian businesses grow.” Canadian Private Equity Partners investors include the Ontario Municipal Employees Retirement System (OMERS), British Columbia Investment Management Corporation, State of Wisconsin, WestAM, Alberta Treasury, Clarica, Merrill Lynch Ventures, PPM Worldwide and TD Bank, among others. The Fund has already made four significant investments, totalling over $120 million, according to Dent. Typical investments will range between $10 million and $75 million in a broad range of industries; as well, participating institutional investors may have an opportunity to co-invest, permitting the Fund to invest in transactions up to $500 million.

SAN JOSE, CA — Callidus Software, Inc., TheBusiness Performance Systems Company(TM), today announced it has secured$26 million in equity financing. Crosspoint Venture Partners led the roundthrough investment from its late stage fund with follow-on investment by allof Callidus Software’s existing venture investors, including CrescendoVentures, Goldman Sachs Group, and ONSET Ventures.

CINCINNATI — Intelliseek, a premier provider of enterprise intelligence solutions, announced today the closing of an $8.0 million Series B Preferred Stock financing. Investors include Ford Motor Company (NYSE: F), Nokia Venture Partners, River Cities Capital Funds, Intelliseek Chairman Mahendra Vora and other undisclosed participants.

NATICK, MA —, a unique platform offering a comprehensive, cutting-edge solution — both on-line and off-line — for the $20 billion promotional products industry, announced today that it successfully completed a third round of financing. Many of the company’s existing investors and several new investors participated in this latest round of financing. To date, the company consciously has avoided seeking institutional financing from traditional venture capital firms.

WELLESLEY HILLS, MA — Bessemer Venture Partners, the nation’s original venture capital practice, today announced that it has expanded its East Coast communications investment practice with the addition of Bob O’Neil and Glenn Falcao as venture partners. The two new partners arrive at Bessemer with extensive investment experience in the communications market, having held key executive management positions within start-up and established communications companies.

AUSTIN, TEXAS — Lane15 Software, the leading developer ofInfiniBand(TM)* management software, today announced that they have received aninvestment from Dell Ventures, the business group at Dell (Nasdaq: DELL) responsiblefor strategic investment activity. Lane15 will use the funding to support the company?sdevelopment of fabric management software for heterogeneous InfiniBand networks.Dell Ventures joins a number of venture capital and strategic partners who have investedin Lane15, including Austin Ventures, AV Labs, Compaq Computer Corp. (NYSE:CPQ), Intel Capital and Lightspeed Ventures.

LAGUNA NIGUEL, CA — LeftHand Networks, a provider of Network-Unified Storage (NUS) solutions that enable companies to seamlessly scale storage modules in a block or file configuration, today announced that it has received $10 million in funding led by Boulder Ventures and Sequel Venture Partners. Additional funding was secured from Vista Ventures, also a Colorado-based venture capital firm.

SUNNYVALE, CA — Qualys Inc., a leading provider of enterprise network vulnerability assessment and monitoring solutions, today announced that it has raised $20 million in its second round of financing. Main second-round founders include Trident Capital, a private equity firm focused on the network economy, and ABS Ventures, a leading independent, institutional venture capital firm. Original investors included Bessemer Venture Partners and VeriSign, the leading provider of Internet trust services. Qualys’ most recent financing will support the company’s expanded research and development and worldwide marketing efforts.

WHITE PLAINS, NY — System Management ARTS Inc. (SMARTS) announced it has closed a $15 million funding round. Bessemer Venture Partners joins long-time investor, Soros Private Equity Partners, as the newest financial partner of the company. This funding round will enable SMARTS to expand product and marketing initiatives around its proactive management solutions that assure service delivery to enterprises and service providers. The InCharge suite of products is the first fully automated set of service assurance solutions that guarantee availability of business services so companies can remain competitive and increase revenue, market share and customer loyalty.

NEW YORK — eMedsecurities Inc. announced today that Vanessa J. Burgess has been appointed Head of Investment Banking. Ms. Burgess was formerly Managing Director of Donaldson, Lufkin & Jenrette’s Health Care Group and most recently served as Chief Operating Officer, Technology Investment Banking Group. During her 16 years at DLJ, she handled client relationships, identified new business opportunities, developed venture capital relationships and engaged in a variety of transactions, including IPOs, private placements and mergers and acquisitions.

MUNICH — TVM Techno Venture Management, the German-U.S. venture capital firm, announced the promotion of John Chapman to Partner effective April 1st. Previously he was Principal at TVM responsible for investments in the information & communications technologies field. John Chapman joined TVM in April 2000 as Investment Manager for Information and Communication Technologies (ICT). He brings 16 years of international M&A experience to the ICT team and a transaction record covering the telecommunications, retail, branded consumer goods and financial services industries.
BOCA RATON, FL — Brockway Moran & Partners, a Florida-based private equity firm, announced today that it has recapitalized Cosmetic Essence, Inc. (“CEI”) in an effort to capitalize upon market growth opportunities for the personal care products contract manufacturer. With the addition of CEI to its portfolio, the $200 million Brockway Moran & Partners Fund, L.P. has acquired or recapitalized 17 businesses representing seven platform companies including Gold’s Gym, Dynamic Cooking Systems, TTM Technologies, Integrated Aerospace, Celeste Industries and Norwesco.

LOS ANGELES — US Inc. (Nasdaq:SRCH), a trusted, reliable source of Internet-based information and risk management services, today announced that it has received the final $5 million phase of financing from Pequot Private Equity, the venture capital arm of Pequot Capital Management, Inc., which marks the completion of its previously announced $20 million private financing agreement. This latest financing will be used to enable the Company to make investments in scalable and proprietary technology and better position US SEARCH for further growth within its corporate and trust services businesses.

For yesterday?s Wire, click here.