Corensic, Concur, and Teradici: A Mini Tech Deals Roundup
Lots going on in the Northwest tech scene today (though not as much snow as in New England, let me tell you). Let’s get right to it:
—Concur (NASDAQ: CNCR), the Redmond, WA-based travel and expense management software company, said today it has agreed to buy TripIt, a mobile travel firm based in San Francisco, for $82 million in upfront cash and stock, plus subsequent adjustments that could bring the total value to as much as $120 million. Last July, Xconomy did a Q&A with Concur co-founder and chief operating officer Raj Singh about the company’s history—and where it’s headed.
—Corensic, a software startup out of the University of Washington (originally called PetraVM), has secured $4.5 million in Series A-1 financing, led by Madrona Venture Group and WRF Capital. The news was reported by Dow Jones VentureWire. Corensic, which was co-founded by Luis Ceze and Mark Oskin, makes development tools to help companies fix bugs in software running on multi-core processors.
—Teradici, a Burnaby, BC-based developer of desktop virtualization and display technology, announced a strategic investment and development agreement from In-Q-Tel, the investment arm of the CIA and U.S. intelligence community. Terms were not disclosed (duh). Teradici was founded in 2004 and takes advantage of graphics algorithms and high-performance computing to try to reinvent how PCs are used, deployed, and managed.