RealTime IT News

VC Buzz - $157.2+ Million in Today's Deals

New in the News, Arthur Andersen Ventures, ETour,, HomePoint, Internosis, Legal Anywhere,, NetClerk, Optical Networks, Servicesoft Technologies, StreetFusion,

Deal News

Optical Networks Raises $75M

SAN JOSE, Calif.-- Optical Networks Inc., a Silicon Valley-based optical networking system provider, received an additional $75 million in funding from strategic partners and financial institutions, bringing its total to $125 million to date. Bowman Capital Management was the lead investor. Other investors include: Amerindo Investment Advisors, Integral Capital, J. & W. Seligman and Mohr, Davidow Ventures. Strategic partners investing in this round include: Brocade Communications Systems, Juniper Networks (Nasdaq:JNPR), E-TEK Dynamics (Nasdaq:ETEK), and Williams Communications (NYSE:WCG).

Servicesoft Technologies Receives $32 Million in Additional Financing

NATICK, Mass.-- Servicesoft Technologies Inc., a provider of Internet Customer Service software, closed a round of financing valued at $32 million. Led by Goldman Sachs & Co., new investors Morgan Stanley Dean Witter & Co. and Itochu join repeat investors JL Albright, CIBC Capital Partners, Sofinov, Internet Capital Group and Sigma Partners in fueling Servicesoft's growth in the eService market.