The technology provider will take over TessComm, one of T-Venture’s portfolio companies, as part of the deal.
The private equity arm of WestAM has closed its Special Private Equity fund-of-funds and started promoting its next.
Softbank UK Ventures has invested in Venation a company which has come out of BT’s technology incubator Brightstar.
Dublin-based Aran Technologies will use the financing to globalise its sales division and develop its software intellectual property.
Although venture capital investment in the US reached a high of $68.8bn in 2000, investment in the fourth quarter fell by 18 per cent.
The fund, which had an original target of £50m-£75m, will make investments in UK-based start-up and early-stage technology businesses.
Baring Vostok Private Equity Partners returns to Eastern Europe with the first direct investment fund since the 1998 crisis.
The latest addition to Royal Bank of Scotland's private equity business will invest in enterprise application and communication software, internet infrastructure and hardware infrastructure.
Bay Partners X has secured $475m with significant investments from European investors.
40 per cent of the capital raised comes from Nordic investors, another 30 per cent from the rest of Europe.