Storage startup ActiFio gets funding, and Proliance files for bankruptcy in today’s Finance Roundup.
• Proliance files for Ch. 11 bankruptcy
As a result, Proliance has agreed to sell its North American assets for $21.5 million cash to Tennessee holding company, Centrum Equities XV LLC, which includes the Visteon aftermarket business.
• Storage startup ActiFio stores away $4M
The company, which describes itself as an IT storage-related company on its website, lists Ash Ashutosh as president. Ashutosh is a partner at the Boston office of Greylock Partners, a firm which recently relocated its headquarters from Boston to its West Coast office at Menlo Park, Calif.
• Clean tech VC investments on the rise
Global cleantech investments totalled $1.2 billion across 94 companies, a 12 percent increase over the first quarter. The increase was driven by interest in alternative vehicles, which grabbed $236 million, and advanced batteries, which received $165 million.
• Sapient buys N.Y. firm Nitro Group
Boston-based Sapient (Nasdaq: SAPE) will issue 404,130 shares of restricted stock to ten unnamed people as part of the deal, and an additional 352,302 stock units with different restrictions that could be turned into common stock to fifteen unnamed individuals. No further financial details of the deal were disclosed.
Posted by Brendan Lynch
Tags: actifio, bankruptcy, proliance, sapient
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