News

06.29.10
Redwood Advises Cogmed Systems AB in its Sale to Pearson plc
Karolinska Development has divested Cogmed, one of Karolinska Development’s portfolio companies, to Pearson where it will become part of Pearson’s Clinical Assessment business. Karolinksa Development and other owners will receive an up front payment, as well as tiered royalties up to double digit levels until June 2012 on Cogmed sales.
06.23.10
Redwood Advises Birch in Debt Offering

Atlanta, GA – Birch Communications, Inc. ("Birch") announced today that it has completed a private debt offering that was previously announced in November 2009.  This private debt offering is exempt from the registration requirements of the Securities Act of 1933.

03.29.10
Harvard Business School Selects Gregory Bedrosian As A Judge For Its 2010 Business Plan Contest
Redwood Capital Group -- a leading investment banking firm serving the technology, communications and media & business services industries -- announced today that the firm’s Co-Founder and Chief Executive Officer, Gregory Bedrosian, was selected to serve on the panel of judges for the 2010 Harvard Business School Business Plan Contest to be held in April on the HBS campus in Boston.
02.16.10
Redwood Capital Group Partner Alan Goodstadt to speak on Billboard M&A panel
Redwood Partner Alan Goodstadt will be speaking at the 2010 Billboard Music & Money Symposium on a panel entitled "Who's Next? The M&A Panel."  The event is being held on Thursday, March 4, 2010 at The Saint Regis Hotel in New York.

01.18.10
PacketExchange Acquires MZIMA’S Network Assets As The Companies Merge Their Operations
PacketExchange, the next generation network service  provider with coverage in Europe, the United States and Asia, today announces  it will acquire Mzima Networks, a premier high-performance network service  provider, and will merge both companies’ customer base and operations.
01.12.10
Now available, Redwood Capital Group’s Sector Report on Digital Music
Now available, Redwood Capital Group's Sector Report on Digital Music
12.09.09
Redwood Capital Group Expands its Coverage of the Communications and Digital Media Sectors with the Addition of Two Senior Investment Bankers
Redwood Capital Group -- a leading investment banking firm serving the technology, communications, media & business services industries -- announced today that it has significantly expanded its sector coverage with the addition of two accomplished Wall Street bankers, Amnon Carr and Alan Goodstadt, who have joined the firm as Partners.
11.06.09
Target 250 Secures Growth Capital Financing from DN Capital

Target 250, a leading global provider of performance based outbound sales solutions to technology and communications companies, today announced that it has secured growth capital investment from DN Capital.

09.29.09
Redwood Capital Group's CEO, Gregory Bedrosian, speaks at Penn Entrepreneurs Panel
Co-Founder and Chief Executive Officer, Gregory Bedrosian, spoke on a panel entitled, "Meet Penn’s Entrepreneurs: Becoming Your Own Boss In a Tough Economy.  What Does It Take?" on September 29, 2009 at the Penn Club of New York .
09.04.09
NAVTEQ Acquires Acuity Mobile Acquisition Expands Existing Location Based Advertising Capabilities
NAVTEQ, the leading global provider of digital map, traffic and location data for in-vehicle, portable, wireless and enterprise solutions, has acquired Acuity Mobile.
05.12.09
Birch Communications Announces Acquisition of Cleartel Communications’ Customer and Network Assets
Birch Communications, announced today it has signed a definitive agreement to acquire substantially all of the customers and network assets of Cleartel Communications.
02.04.09
Oracle Buys mValent – Extends Oracle Enterprise Manager with Rich Application Configuration Management Capabilities
On February 4, 2009, Oracle announced it has entered into an agreement to acquire mValent, a leading provider of application configuration management solutions.
12.15.08
Redwood Capital Group Announces Promotions
Redwood Capital Group announced today that three of its investment bankers, William Goodman, K.J. Singh and Eric Treu, have been promoted to Associate.
11.03.08
Chris Langone Joins Redwood Capital Group

Redwood Capital announced today that it is expanding its senior team with the addition of Chris Langone as a Vice President based in the firm’s New York office. Mr. Langone, who has over 12 years of investment banking experience, will support the firm’s transaction execution and coverage across the technology, communications, media and business services sectors.

10.06.08
Gene Kabakov Joins Redwood Capital Group

Redwood Capital Group -- a leading investment banking firm serving the technology, communications and media industries -- announced today that it is expanding its senior team with the addition of Gene Kabakov as a Vice President based in the firm's New York office.

10.01.08
Telular Announces Strategic Acquisition of SupplyNet Communications – Leading Wireless Tank Monitoring Provider
Telular Corporation (NASDAQ: WRLS ), the leader in alarm and event monitoring solutions and services, today completed the acquisition of SupplyNet Communications, a leading supplier of wireless tank-level monitoring services.
09.01.08
Now available, Redwood Capital Group’s Sector Report on Communications Software

This report focuses on recent trends in mergers and acquisitions in the BSS, OSS and network management sectors, which we group together for the purposes of our research in Communications Software. The report aims to look at the market from the perspective of both the buyer and the seller, identifying some of the successful strategies we are seeing on both sides, together with rewards, risks and related issues surrounding M&A activity

07.14.08
Andrew Moore Joins Redwood Capital Group

Redwood Capital Group announced today that it is significantly expanding its coverage of the media sector with the addition of Andrew Moore as a Partner based in the firm’s New York office.

07.01.08
Now available, Redwood Capital Group's Sector Report on Internet Advertising
This report covers technologies, platforms and services used by online operators, publishers and advertisers and focuses on ad networks and exchanges, ad publishing platforms, email marketing, classifieds, video advertising technologies, lead generation and referrals, SEO, site analytics and customer tracking. The Report also looks at the recent trends in M&A and venture funding in the internet advertising sector.
06.23.08
Harvard Elects Gregory Bedrosian to Alumni Board of Directors
Redwood CEO Becomes Director of Harvard Business School Alumni Board after 15 Years of Involvement in Alumni and Development Projects
04.21.08
Redwood Capital Group's James Turino speaks at Billing & OSS World 2008

James Turino, a Partner at Redwood focused on communications software, hosted a discussion entitled "Mergers & Acquisitions in the B/OSS and Network Management Sectors" at the upcoming Billing & OSS World 2008 in Chicago on May 1, 2008.

04.16.08
Now available, Redwood Capital Group’s Sector Report on Ad-Based Online Models

This report continues Redwood’s coverage of the Internet space, and covers online businesses that generate revenue primarily through advertising, from online magazines, blogs, user-generated content sites, social networks, communities, game sites and many others. The Report looks at recent trends in mergers and acquisitions, capital formation and product strategy in the sector.

04.08.08
Amdocs Acquires Jacobs Rimell to Expand Leadership in Customer Experience Systems for the Broadband Cable Industry

Amdocs (NYSE: DOX), the leading provider of customer experience systems, today announced it has acquired Jacobs Rimell, Ltd. (Jacobs Rimell), a provider of fulfillment solutions for the broadband cable industry for approximately $45 million in cash, net of cash on hand, subject to post-closing adjustments. With this acquisition, Amdocs continues to execute on its strategy of being the leader in customer experience systems for the broadband cable industry and the OSS market.

02.11.08
ImaginAsian Entertainment and Fujisankei Communications International Enter Into Strategic Investment and Content Deal

ImaginAsian Entertainment, Inc. (IA) announced today that it has entered into an investment and content deal with Fujisankei Communications International (FCI).

02.02.08
Updated Sector Report on Application and IT Management Software Now Available
Now available, Redwood Capital Group’s updated Sector Report on Application and IT Management Software, covers industry trends from a technological, as well as financial perspective.
01.31.08
Redwood Capital Group's CEO, Gregory Bedrosian, speaks at Crain's New York Business Economic Forecast Breakfast

Redwood Capital Group, a leading investment banking firm serving the technology, communications and media industries, reported that the firm’s Chief Executive Officer, Gregory Bedrosian, spoke today at the Crain’s New York Business Economic Forecast Breakfast entitled “What’s Ahead for New York in 2008?”

01.08.08
Dialog Telecommunications Acquires AMA TechTel
Dialog Telecommunications’ acquisition of AMA TechTel, a leading provider of voice and data services in the Texas Panhandle has been completed, the companies announced today.
11.09.07
American Broadband Secures $200 Million Acquisition Facility
American Broadband Communications (ABB) announced today that it has secured a $200 million acquisition facility from Ares Capital Corporation (NASDAQ: ARCC) to fund its continued acquisition initiatives in rural communities across the United States.
11.06.07
Access Integrated Networks to Merge with Birch Telecom
Access Integrated Networks, Inc. announced today that it has signed a definitive agreement to merge with Birch Telecom, Inc.
11.01.07
New Sector Report on Business Intelligence Software
Now available, Redwood Capital Group’s first Sector Report on Business Intelligence Software, covering the areas of Data Management, Reporting and Analysis and Performance Monitoring and Management. The Report looks at recent trends in mergers and acquisitions, capital formation and product strategy in the sector.
07.19.07
BMC Software Acquires Run Book Automation Pioneer RealOps
BMC Software (NYSE: BMC) announced today that it has completed the acquisition of RealOps, a leading provider of run book automation solutions.
05.18.07
Auroras Entertainment, Inc. Has Merged With Broadstream
Auroras Entertainment, Inc. and Broadstream Communications, Inc. successfully completed their merger to form Avail Media, Inc.
04.24.07
Access Integrated Networks to Acquire Assets in GA & FL
Access Integrated Networks, Inc. and IDT Telecom, Inc. announced today an agreement for Access Integrated Networks to acquire bundled local and long distance residential and small business telephone customers located in Florida and Georgia from IDT Telecom
11.10.06
Redwood Capital Group Announces Promotions
Redwood Capital Group, announced today that Robert Dressler has been promoted to Partner; David Freeland has been promoted to Vice President; and Janny Lee has been promoted to Vice President.
09.05.06
Cognizant Acquires AimNet, A Managed Infrastructure and Professional Services Company
In acquiring AimNet, Cognizant gains capabilities and expertise that strengthen the Company’s fast-growing IT Infrastructure Services (ITIS) practice.
07.06.06
Cisco Systems, Inc. Announces Agreement to Acquire Meetinghouse Data Communications, Inc.
Cisco today announced a definitive agreement to acquire the privately-held Meetinghouse Data Communications, Inc. ("Meetinghouse") of Portsmouth, NH.
06.30.06
Cisco Systems, Inc Acquires Audium Corp
New York, NY, June 30, 2006 - Cisco Systems, Inc., (NASDAQ: CSCO) today announced that it has completed the acquisition of privately-held Audium Corp of New York.
03.27.06
Redwood Capital's New York Office Adds Two Senior Investment Bankers
Redwood Capital's New York Office Adds Two Senior Investment Bankers
01.23.06
Redbus Merges with TeleCity
Redbus Interhouse and TeleCity successfully completed their merger to form TeleCity Group.   The cash offer of 23p for each Redbus share values Redbus at approximately £61.0 million.
10.05.05
CyOptics $19.5m F Round
CyOptics Completes $19.5M Series F Round
07.01.05
Nautic Partners LLC and ConvergeOne Make a Strategic Investment in NACR
Nautic Partners LLC and ConvergeOne Make a Strategic Investment in NACR
06.30.05
Ditech Communications Completes Jasomi Networks Acquisition
Ditech Communications Completes Jasomi Networks Acquisition
05.12.05
RiskClick Raises $8.2 Million
RiskClick Raises $8.2 Million
05.11.05
Cyoptics Acquires TriQuint Semiconductor's Optoelectronics Operation

Cyoptics Acquires TriQuint Semiconductor's Optoelectronics Operation

02.04.05
CommSoft Acquires Connexn Technologies' Service Activation Business
CommSoft Acquires Connexn Technologies' Service Activation Business
10.14.04
Tekelec Acquires Steleus
Tekelec Acquires Steleus
09.20.04
Tekelec Acquires VocalData
Tekelec Acquires VocalData
08.06.04
Cisco Systems Acquires Parc Technologies
Cisco Systems Acquires Parc Technologies
02.23.03
Executive Council
Executive Council of New York Forms Venture Capital Advisory Board
Council's VC programming helps foster relationships between New York's Investment and entrepreneur communities
Redwood’s CEO Op-Ed: 2010 – The Year of the Entrepreneur

What can we look forward to after the worst U.S. economic and financial crisis in decades, possibly since the Great Depression?   As crazy as it sounds at first, I believe 2010 will be the year of the entrepreneur.

Which Way M&A? Consolidation, Low-Cost Acquisitions May Lie Ahead...
What happens to the fragile digital music space in 2010? The tail end of 2009 witnessed some distressed buyouts, and a number of companies are currently rattling the exit door. According to a recent projection by Redwood Capital Group, a number of low-earning startups could be interesting to larger, more traditional media companies, mostly because of their audiences.
To navigate Greenwich's budget gap, look to proven solutions - By Gregory Bedrosian

In a scene that's being repeated in city halls and state houses across the country, the leadership of Greenwich is doing the hard work of re-crafting the town budget in the face of an extraordinary projected budget shortfall of $31 million. We are part of a great national debate on how to navigate a historic financial and economic crisis.