Author: David Penn

Finovate Alumni News– November 30, 2012

By David Penn Posted on
Categories: Bundle, Expensify, Kabbage, Simple, Virtual Piggy
  • Expensify now lets users submit employee expense reports to bill.com.
  • Simple (Formerly BankSimple) Rolls Out Mobile Check Deposit.
  • Virtual Piggy appoints Joseph Dwyer, former software executive as CFO.
  • VentureBeat reports Kabbage wins CloudBeat’s Innovation Showdown.
  • Acculynk announces full integration of recent acquisition, PayLeap.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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ActivePath Merges with PowerInbox, Raises $10 Million in New Funding

By David Penn Posted on
Categories: ActivePath

Competitors in the interactive e-mail space have now become companions as ActivePath announced its merger with former rival PowerInbox early this week.

Thumbnail image for ActivePath.jpg

The combined entity, which will be called “PowerInbox” also announced $10 million in new funding from Atlas Ventures and Longworth Partners, as well as from Battery Ventures, Genesis, GIMV and Correlation Ventures. 
While PowerInbox’s strength has been in the consumer market, ActivePath has made inroads into the enterprise space.  The new company will feature ActivePath CEO Jeff Kupietzky as the new chief executive officer. PowerInbox co-founder, Dileep Thazhmon will serve as COO.
To learn more about ActivePath, please see the company’s most recent demos at Finovate Fall 2011 here and Finovate Fall 2010 here.

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Bazaarvoice Raises $6.7 Million To Close Merger Deal

Bazaarvoice Raises $6.7 Million To Close Merger Deal
By David Penn Posted on
Categories: Bazaarvoice
bazaarvoice_logo_newThe funding comes as Bazaarvoice completes its acquisition of Longboard Media Inc. According to this report from the Austin Business Journal, three investors provided the $6.7 million in additional financing.
The total value of the deal is $33 million in cash and stock.
Accompanying the announcement was news that long-time CFO Stephen Collins will step up to replace to outgoing CEO and co-founder Brett Hurt. Hurt will remain on the company’s Board of Directors.
To learn more about Bazaarvoice, please see the company’s latest demo at Finovate Spring 2012 here.

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