December Business Bits

  • Hacienda's Sanarus Medical, makers of an innovative device used to remove benign breast tumors on an outpatient basis, recently closed a $19 million series C financing round. Investors include Alta Partners, Channel Medical Partners, U.S. Venture Partners, and Forward Ventures. The company will use the additional funding to expand sales and to develop new products.
  • Hacienda-based Individual Software has released Business PlanMaker Professional Deluxe 2004, a program designed to allow entrepreneurs to write winning business plans as well as transfer financial data to and from QuickBooks. Business PlanMaker guides users through each step of creating a complete business plan and includes a library of sample business plans for nearly every type of product and service business. The program is recommended by the U.S. Small Business Administration.
  • Industry-leading video and voice conferencing company Polycom, headquartered in Hacienda, has acquired Voyant Technologies of Westminster, Colorado, specialists in voice conferencing and collaboration network solutions. The transaction is valued at $110.7 million. "Voyant is a natural and complementary fit into our unparalleled Polycom Office solution," said Phil Keenan, Polycom senior vice president. "Polycom's objective is to offer a complete, converged collaborative communications solution that extends from the desktop, to the meeting room, to the wiring closet, and out to the network core. Voyant's leading voice communications system is another key step in this strategy. Through Voyant's strong presence in key service providers such as AT&T, MCI, Sprint, Verizon, BT, NTT, WebEx, Raindance, and others, Polycom is also gaining a deeper relationship with these partners by augmenting our current video and web infrastructure platform." In other news, Polycom has agreed to collaborate on new IP telephony-enabled video solutions with the goal of making desktop and group video communication as simple as a phone call. Avaya also plans to sell and service Polycom products globally, significantly expanding the companies' existing North American reseller relationship.
  • The Intero Foundation, a non-profit founded this year by Intero Real Estate Services, donated $10,000 to the East Bay Crisis Nursery and $7,500 to the Bay Area Alliance for Youth and Family Services, two local youth organizations. "These donations will help these organizations continue to provide critical services to the youth in our community," said Roy Dronkers, president of the Intero Foundation and an Intero Real Estate Services agent. "We are thrilled that our agents and staff have been so generous with their contributions to the foundation so that we're able to make significant donations to these groups and others."

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