Xconomy Seattle

Report: OVP’s M2E Sold to Motionetics

Gregory T. Huang7/23/09

Boise, ID-based M2E Power, an energy startup funded by OVP Venture Partners, has been acquired by fellow Idaho firm Motionetics for an undisclosed price, according to VatorNews. OVP said it is not disclosing details at this time. The Kirkland, WA-based venture firm led an $8 million Series A investment in M2E in 2007.

Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.

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