Intuit Inc. (Nasdaq: INTU) has acquired StepUp Commerce Inc., a San Francisco-based provider of services that enable local businesses to convert online shoppers into in-store customers. The deal was valued at approximately $60 million in cash. StepUp had raised around $7 million in VC funding from firms like Allegis Capital, Granite Ventures and Pennsylvania Equity Partners.
Vyatta Inc., a San Mateo, Calif.-based provider of open-source networking products, has raised $7.5 million in Series A funding. Participants included JPMorgan Partners (advised by Panorama Capital), ComVentures and ArrowParth Venture Partners.
Portico Systems (f.k.a. FMG Technologies), a Conshohocken, Pa.-based provider of software solutions for regional and national health plans, has raised $6 million in private funding from Safeguard Scientifics Inc.
Smart Analyst Inc., a New York-based provider of outsourced custom research and analytics, has raised $3.75 million in its first round of institutional financing (Series C). Participants included Edison Venture Fund and Milestone Venture Partners.
Mocana Corp., a San Francisco-based provider of infrastructure software solutions for wired and wireless devices, has raised over $3.5 million in Series A funding led by Shasta Ventures.
ClickCaster Inc., a Boulder, Colo.-based provider of turnkey podcasting solutions, has raised $500,000 in Series A funding. Individual backers include Brad Feld, Neil Robertson and Jerry Colonna.
Hansen Information Technologies, a Rancho Cordova , Calif.-based provider of software applications for the public sector market, has acquired an Australian Advanced Asset Management module from Hansen Technologies Ltd., an Australia-based public company not affiliated with Hansen Information Technologies. No financial terms were disclosed. Hansen Information Technologies is a portfolio company of Golden Gate Capital.
