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Archive for the 'Venture investment' Category

Capgemini to lay off 85 in Dallas

Tuesday, September 8th, 2009

Capgemini Energy LP, which is a venture of TXU Corp. and its subsidiaries and technology outsourcing company Capgemini America Inc., said in a warn letter filed in Austin last week that the company will lay off 85 employees, effective Nov. 1.

The jobs included in the cuts include senior analysts, project managers, test analysts, software engineers and other professional and management positions.

Source: Dallas Business Journal

Posted in H1B, IT, IT consulting, India, Services, Technology, US, Venture investment, outsourcing, software | No Comments »

Start-Ups That Have Gone Belly Up This Year

Monday, August 10th, 2009

Below is a list of other venture capital-backed companies in alphabetical order that have gone belly up this year, as reported by VentureWire:

Allux Medical Inc., Menlo Park, Calif.
Argolyn Bioscience Inc., Durham, N.C.
Aspen Medtech Inc., Bellevue, Wash.
Autonomic Networks Inc., Mountain View, Calif.
BrightScale Inc., Sunnyvale, Calif.
Cogentus Pharmaceuticals Inc., Menlo Park, Calif.
Coghead Inc., Redwood City, Calif.
Cswitch Inc., Santa Clara, Calif.
DiObex Inc., San Francisco, Calif.
Dynogen Pharmaceuticals Inc., Waltham, Mass.
Elephant Pharmacy Inc., Berkeley, Calif.
Hammerhead Systems Inc., Mountain View, Calif.
Innovative Spinal Technologies Inc., Mansfield, Mass.
Kadoink Inc., San Francisco, Calif.
MetaRAM Inc., San Jose, Calif.
Nanochip Inc., Fremont, Calif.
NebuAd Inc., Redwood City, Calif.
Nevis Networks Inc., Mountain View, Calif.
nTag Interactive Corp., Boston, Mass.
OmniSonics Medical Technologies Inc., Wilmington, Mass.
Ortega InfoSystems Inc., Fremont, Calif.
Pegasus Biologics Inc., St. Paul, Minn.
SafePage Corp., Menlo Park, Calif.
Silicon Navigator Corp., Cupertino, Calif.
Sotto Wireless Inc., Bellevue, Wash.
TallyGenicom LP, Chantilly, Va.
TeachFirst Inc., Seattle, Wash.
TeeBeeDee Inc., San Francisco, Calif.
Trusera Inc., Seattle, Wash.
Ugobe Inc., Eagle, Idaho
Ultreo Inc., Redmond, Wash.
Verified Pass Identity Inc., New York, NY
Yoomba Inc., Menlo Park, Calif.

Source: WSJ

Posted in FYI, General, US, Venture investment | No Comments »

Venture Investment Drops 51% as Startup Funding Hits 1994 Lows

Tuesday, July 21st, 2009

Venture capital investment fell 51 percent in the second quarter as firms coped with the recession and a drought in initial public offerings, bringing funding for startups to the lowest level in 15 years.

Source: Bloomberg

Posted in Investment, Startups, US, Venture investment, economy, finance | No Comments »

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