Finance Roundup: Krakoff leaves Sigma, EMC boosts Data Domain offer

New England Tech Stock Index

VentureWire reports that Roger Krakoff has left Sigma Partners, and EMC blinks, in today’s Finance Roundup.

• Report: Krakoff leaves Sigma to start new Boston VC firm

East Coast-based venture partner Roger Krakoff is leaving Sigma Partners to pursue his own IT-focused fund, according to a report (subscription may be required) posted last night on Dow Jones VentureWire.

• EMC boosts Data Domain offer to $2.1B

The new offer price comes after weeks of EMC (NYSE: EMC) stating to the board of directors and shareholders of California-based Data Domain that its all-cash offer was better than the $1.9 billion stock-and-cash proposal from NetApp Inc., which is also aiming to buy Data Domain.

• Raytheon’s radiological detection pulls in $1.2M

Under the deal, the second phase of a five-phase, $2.9 millon contract, Raytheon (NYSE: RTN) will develop technology for a stand-off warning against radiological materials (SWARM).

• Pro-Pharmaceuticals grabs $500K in tranche

Newton-based Pro-Pharmaceuticals Inc. has landed $500,000 of a $6 million round financed by 10X Fund LP.

• From the print edition: Shaky biotech partnerships haunt disease foundations

Disease foundations that are taking an increasing role in capital formation for local biotechs are nervously watching as the stock market and private capital markets wreak havoc with the companies that may hold the key to their future cures.

Posted by Brendan Lynch

Tags: Data Domain, EMC, Pro-Pharmaceuticals, Raytheon, Roger Krakoff, Sigma Partners

This entry was posted on Monday, July 6th, 2009 at 10:53 am and is filed under Defense, Financial Services, Life Sciences, Massachusetts, Software, Storage. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.