Natural Convergence Inc., a Ottawa , Canada-based supplier of VoIP application software for service providers, has raised US$10M in Series C funding. Wesley Clover and BDC Venture Capital co-led the deal, and were joined by VIMAC, Desjardins Venture Capital Group and return backers Jefferson Partners, Primaxis Technology Ventures and Purple Angel. www.naturalconvergence.com
MidOcean Partners has agreed to acquire a 50% ownership position in Prism Business Media, upon Prism’s completion of its previously-announced acquisition of Penton Media. The stake will be sold by Prism owners Wasserstein & Co., Highfields Capital Management and Lexington Partners. No financial terms are being disclosed. www.prismb2b.com
Sterling Commerce, a subsidiary of AT&T (NYSE:T), has agreed to acquire Comergent Technologies Inc., a Redwood City, Calif.-based developer of sell-side ecommerce software. The deal is valued at approximately $155 million in cash. Sterling Commerce plans to incorporate Comergent products to provide customers with a unified end-to-end order fulfillment solution across the extended supply chain. This unified solution will enable customers to increase revenue, shorten sales and order fulfillment cycle times, and reduce overall supply chain costs. Comergent had raised around $77 million over three rounds of VC funding, including a $54 million second-round deal in 2000 at a post-money valuation of approximately $245 million. Backers include Amerindo, Cisco Systems, Crosspoint Venture Partners, Mobius Venture Capital, Morgan Stanley Venture Partners, Pivotal Asset Management and Van Wagoner Capital Management and Invesco Private Capital. www.sterlingcommerce.com www.comergent.com
SunGard has acquired Integrated Business Systems Inc., a Melville, N.Y.-based provider of software solutions and related services to hedge funds. No financial terms were disclosed. SunGard was acquired last year in a public-to-private buyout by Silver Lake Partners, AlpInvest, Bain Capital, Blackstone Group, Goldman Sachs, HarbourVest Partners, KKR, Providence Equity Partners and Texas Pacific Group. www.sungard.com
Danger Inc., a Palo Alto, Calif.-based provider of mobile communications software and services, has secured $10.3 million of a $12.3 million Series E round, according to a regulatory filing. Return backers include Redpoint Ventures, Softbank Capital Partners, Mobius Technology Ventures and T-Mobile Venture Fund. www.danger.com
Bungee Labs Inc., an Orem, Utah-based provider of a system for creating and delivering next-generation Web applications, has raised $7 million in Series B funding, according to a regulatory filing. Backers include North Bridge Venture Partners, Venrock Associates and Wasatch Venture Fund. www.bungeelabs.com
RipCode Inc., a provider of technologies for processing Internet video content, has raised $7 million in first-round funding. Participants included Hunt Ventures, Vesbridge Partners, El Dorado Ventures and ATA Ventures. RipCode has offices in both Austin and Dallas , Texas . www.ripcode.com
The Beam Inc., a Cambridge, Mass.-based operator of an online directory of green design and building professionals, has raised $5.17 million in Series A funding led by VantagePoint Venture Partners, according to a regulatory filing. www.thebeam.com
Polimetrix Inc., a Palo Alto, Calif.-based provider of technology solutions for polling, has secured $4.53 million of an $8.13 million Series A round led by Alloy Ventures, according to a regulatory filing. www.polimetrix.com
Consorte Media Inc., a San Francisco-based provider of marketing services to the Spanish-speaking market, has raised around $3.2 million in Series A funding. Backers include Mayfield and Band of Angels. www.consortemedia.com
Bessemer Venture Partners and Insight Venture Partners have agreed to acquire Netsmart Technologies Inc. ( Nasdaq SC : NTST), a Great River, N.Y.-based based provider of enterprise software for health and human services organizations. The firms will pay $16.50 per share, for an aggregate transaction value of approximately $115 million. The deal is expected to close early next year. www.ntst.com
3M (NYSE: MMM) has agreed to acquire SoftMed Systems Inc., a Silver Spring, Md.-based provider of health information management software and services for healthcare organizations. No financial terms were disclosed. Softmed is a portfolio company of TA Associates, and was valued at around $195 million when TA first invested in 1999. www.3m.com www.softmed.com
Akamai Technologies Inc. (Nasdaq: AKAM) has agreed to acquire Nine Systems Corp., a San Diego-based provider of solutions for rich media production, publishing and distribution. The deal is valued at approximately $164 million, including $7 million in cash and 3.1 million Akamai common shares. Nine Systems raised $1.5 million in startup funding from Catalyst Investors in 2000. www.akamai.com www.ninesystems.com
GXS, a Gaithersburg, Md.-based provider of B2B ecommerce solutions, has acquired UDEX Ltd., a Newport , UK-based provider of product data quality services. No financial terms were disclosed. GXS is a portfolio company of Francisco Partners and Norwest Venture Partners, while UDEX had raised over $20 million in VC funding from firms like 3i Group, Northbridge Ventures and Montagu Private Equity. www.gxs.com www.udex.com
Mailnet Services Inc., a Franklin, Tenn.-based multi-channel marketing company, has acquired database marketing and analytics firms Synapse Technology and Conclusive Strategies. The deals were partially financed via $8 million in growth capital from Frontier Capital, Morgan Keegan Mezzanine Fund and return backer Massey Burch. www.mailnetservices.com
YouSendIt Inc., a Mountain View, Calif.-based provider of online file delivery solutions, has raised $4.7 million in Series A-2 funding. Return backers include Alloy Ventures, Cambrian Fund and Sevin Rosen Funds. www.yousendit.com
Skelta Software, a Bangalore , India-based provider of business process management workflow software, has raised $1.5 million in first-round funding from SIDBI Venture Capital Ltd. www.skelta.com
