Needham Capital Partners

Needham Capital Partners is a private growth equity firm based in New York that primarily invests in the technology and biotech/life-sciences sectors. The firm is dedicated to providing long-term capital appreciation by targeting equities of private growth companies in the United States. Affiliated with Needham Asset Management, which oversees significant funds for public and private equity investments, Needham Capital Partners leverages its expertise to identify and nurture promising companies within its focused industries.

36 past transactions

SpaceClaim

Series D in 2010
SpaceClaim Corporation develops and markets 3D direct modeling software solutions that help engineers, CAE analysts, product designers, and manufacturers in the product development process. It offers SpaceClaim Engineer that enables engineers to create concepts and prepare 3D designs for prototyping, analysis, and manufacturing; SpaceClaim Style, an industrial design tool that is used to create, edit, and validate design concepts; SpaceClaim Viewer, which enables its users to open and measure SpaceClaim designs, drawings, and 3D markups; and add-on modules and plug-ins for SpaceClaim software. The company also provides educational licenses for its software solutions to professors, instructors, and educational institutions in North America, as well as training programs for its software. Its products are used for conceptual engineering, CAE/model preparation, industrial design, and manufacturing engineering applications. The company offers its products through a network of resellers in the United States and internationally. SpaceClaim Corporation was founded in 2005 and is headquartered in Concord, Massachusetts with additional offices in France and Japan.

SpaceClaim

Series C in 2009
SpaceClaim Corporation develops and markets 3D direct modeling software solutions that help engineers, CAE analysts, product designers, and manufacturers in the product development process. It offers SpaceClaim Engineer that enables engineers to create concepts and prepare 3D designs for prototyping, analysis, and manufacturing; SpaceClaim Style, an industrial design tool that is used to create, edit, and validate design concepts; SpaceClaim Viewer, which enables its users to open and measure SpaceClaim designs, drawings, and 3D markups; and add-on modules and plug-ins for SpaceClaim software. The company also provides educational licenses for its software solutions to professors, instructors, and educational institutions in North America, as well as training programs for its software. Its products are used for conceptual engineering, CAE/model preparation, industrial design, and manufacturing engineering applications. The company offers its products through a network of resellers in the United States and internationally. SpaceClaim Corporation was founded in 2005 and is headquartered in Concord, Massachusetts with additional offices in France and Japan.

ChipX

Series B in 2008
ChipX, Inc. is a Mixed-Signal ASIC company with the broadest offering of value-added ASIC solutions, including Standard Cell, Structured ASIC and Hybrid ASIC technology. ChipX has unique expertise in PCI Express, USB 2.0, DDR/DDR2 and data conversion mixed-signal cores; all are silicon proven and certified and they can be integrated in customers’ ASICs with a record first-time to market success. ChipX products are widely used in industrial applications, medical equipment and military/aerospace systems. Headquartered in Santa Clara, CA, ChipX is a privately held corporation, with a Research and Development subsidiary in Israel.

Nascentric

Series C in 2007
Nascentric, Inc., an electronic design automation company, develops and markets simulators for analysis and functional verification of complex nanometer designs. It offers OmegaSim, a rocket-fast SPICE simulator; OmegaSim AMS, an analog/mixed-signal Fast-SPICE simulator; and OmegaSim GX, a hardware-accelerated SPICE simulator. The company’s products allow designers to simulate, analyze, and verify circuits and improve design quality. Its products also enable to analyze and optimize the mixed-signal, custom digital, and memory designs. Nascentric, Inc. was founded in 2003 and is headquartered in Austin, Texas with a regional office in San Jose, California.

Bay Microsystems

Series E in 2007
Bay Microsystems, Inc. designs and develops network solutions that include network architectures, systems, software, and integrated circuits. The company offers ABEx, a network appliance for optical transport and packet switched networks including synchronous optical networking and synchronous digital hierarchy, Ethernet, Internet protocol and multiprotocol label switching, pseudowires, ATM, and InfiniBand. It also designs and develops network processors that include Chesapeake, a single-chip programmable network processor and traffic manager; Montego, a single-chip programmable Internetworking processor; and Biscayne, a programmable classification processor with policing. Additionally, the company offers Lighthouse Tool Suite, a hardware and software development platform for designing network processor based networking equipment and BayPort, a demonstration and evaluation platform for company's network processors. Bay Microsystems was founded in 1998 and is headquartered in San Jose, California with an additional office in Germantown, Maryland.

SpaceClaim

Series B in 2007
SpaceClaim Corporation develops and markets 3D direct modeling software solutions that help engineers, CAE analysts, product designers, and manufacturers in the product development process. It offers SpaceClaim Engineer that enables engineers to create concepts and prepare 3D designs for prototyping, analysis, and manufacturing; SpaceClaim Style, an industrial design tool that is used to create, edit, and validate design concepts; SpaceClaim Viewer, which enables its users to open and measure SpaceClaim designs, drawings, and 3D markups; and add-on modules and plug-ins for SpaceClaim software. The company also provides educational licenses for its software solutions to professors, instructors, and educational institutions in North America, as well as training programs for its software. Its products are used for conceptual engineering, CAE/model preparation, industrial design, and manufacturing engineering applications. The company offers its products through a network of resellers in the United States and internationally. SpaceClaim Corporation was founded in 2005 and is headquartered in Concord, Massachusetts with additional offices in France and Japan.

LoadStar Sensors

Series B in 2007
Loadstar Sensors is a leader in the design and manufacture of capacitive load cells with USB & wireless output for automotive, aerospace, medical device, industrial and consumer applications. Their Plug and Sense® load cell technology offers high sensitivities in an easy to use, mechanically rugged, low profile package. They partner with leading OEMs to incorporate load cells and digital interfaces into mass market products.

Biocept

Venture Round in 2006
Biocept, an emerging biotechnology leader in cell separation technology, is developing a new, powerful class of diagnostic assays for personalized medicine in early detection, diagnosis and monitoring of cancer. The CEEâ„¢ Cell Enrichment and Extraction platform combines sophisticated attachment chemistry with mathematically modeled fluid dynamics to enable earlier, accurate, less invasive diagnoses. Isolation, purification and analysis of rare cells are managed within their state-of-the-art CLIA-accredited laboratory. The clinical laboratory is accredited by the College of American Pathologists (CAP) and holds licenses in California and several other states.

NeoPhotonics

Series C in 2006
NeoPhotonics offers a complete line of both active and passive optical components for every network market segment: FTTH/Access, Datacom, Storage Area Networks, Metro and Long Haul networks. NeoPhotonics' transceivers are compliant with industry standard MSAs, are available in GBIC, SFF, SFP, XFP and other configurations, and serve a variety of reaches, applications and data-rates from 155MBps to 10GBps. NeoPhotonics' advanced silica Planar Lightwave Circuit (PLC) integrated optical modules and subsystems are critical parts in access FTTH networks and in metro and long-haul DWDM networks. For FTTH, NeoPhotonics manufactures integrated splitters in high volume and FTTH BiDi and TriPlexer transceivers, Other products include AWGs, Athermal AWGs, VOA Multiplexers, EDFAs and ROADM Modules. NeoPhotonics' manufactures MEMS-based Variable Optical Attenuators and Dynamic Channel Equalizers

Sipex Corporation

Venture Round in 2006
Sipex Corporation engages in the design, manufacture, and marketing of analog integrated circuits (ICs). It offers power management products, including white LED drivers, DC/DC regulators, and controllers to regulate, control, monitor, or provide the reference voltage for a system or portion of a system. The company also provides interface products that facilitate the transfer of digital signals between or within electronic systems, as well as ensure connectivity between networks, computers, and digital peripherals and consumer portable devices that connect to them. In addition, it offers optical storage products, including photo-detector ICs, advanced power control ICs, and laser diode drivers.

TestQuest

Venture Round in 2005
TestQuest, Inc. provides test automation and management solutions for mobile devices and applications. It offers TestQuest Pro, a test automation tool for embedded systems, including enterprise computing/information automation, digital entertainment and consumer electronics, telecom/datacom, military/aerospace, medical devices, and automation systems; and TestQuest CountDown, a test platform for mobile devices and applications, which integrates test design, management, and execution while enabling collaboration among distributed development teams. The company's TestQuest CountDown platform includes TestManager, a Web-based environment for organizing, scheduling, and executing tests, as well as for reporting the results; TestRunner that enable test execution; Device Connectivity, which provides test connectivity for mobile and wireless devices, PCs, and test equipment for automated end-to-end testing; TestDesigner, an automated, graphical environment for test case generation and debugging; and AssetManager, a shared repository of test assets. Its TestQuest Pro platform comprises Scripting, a tool for creating test automation scripts within TestQuest's TestVerb Technology architecture; Connectivity that offers connectivity and hardware integration capabilities and interfacing with mobile/wireless operating systems; and Test Management, which provides the productivity of automated tests and log the results with TestQuest Pro test management tools. The company also provides assessment, consulting, implementation and training, and professional services. It serves network operators, device manufacturers, content providers, and application developers. TestQuest was founded in 1983 as B-Tree Systems, Inc. and changed its name to TestQuest, Inc. in 2000. The company is headquartered in Minneapolis, Minnesota. As of November 18, 2008, TestQuest, Inc. operates as a subsidiary of BSQUARE Corp.

SpaceClaim

Series A in 2005
SpaceClaim Corporation develops and markets 3D direct modeling software solutions that help engineers, CAE analysts, product designers, and manufacturers in the product development process. It offers SpaceClaim Engineer that enables engineers to create concepts and prepare 3D designs for prototyping, analysis, and manufacturing; SpaceClaim Style, an industrial design tool that is used to create, edit, and validate design concepts; SpaceClaim Viewer, which enables its users to open and measure SpaceClaim designs, drawings, and 3D markups; and add-on modules and plug-ins for SpaceClaim software. The company also provides educational licenses for its software solutions to professors, instructors, and educational institutions in North America, as well as training programs for its software. Its products are used for conceptual engineering, CAE/model preparation, industrial design, and manufacturing engineering applications. The company offers its products through a network of resellers in the United States and internationally. SpaceClaim Corporation was founded in 2005 and is headquartered in Concord, Massachusetts with additional offices in France and Japan.

Ceon

Venture Round in 2005
Ceon Corporation provides product management and fulfillment software. Its products include product control center, a software system that enables service providers' product and marketing personnel to construct and manage a catalog of product offerings; intelligent order manager, which supports the orchestration and management of order handling activities for broadband and IP-based services; intelligent activation server, which activates various services, on various networks, for various underlying technologies; adapter library, a platform for developing and running connectivity adapters for network devices, element management systems, application servers, and other devices; and service modules, including High Speed Data SM, Voice over IP SM, and IP-TV SM. The company also provides services, including business analysis and assessment; system design; program management; installation, configuration, and testing; and post deployment maintenance support. Ceon Corporation was formerly known as FirstTel Systems Corporation and changed its name to Ceon Corporation in September 1999. The company was founded in 1982 and is headquartered in Redwood City, California. As of October 6, 2008, Ceon Corporation operates as a subsidiary of Convergys Corporation.

ePartners

Venture Round in 2005
ePartners has been giving businesses the power to reach their goals, to grow, and to discover and profit from new areas of potential since 1992. ePartners takes the time to understand your business so it can devise comprehensive solutions—solutions that are tailored to your specific industry and processes and afford a short learning curve for your employees. Empowering your workforce with the tools they need to fulfill their mission and make better decisions, whether they work on the shop floor, at the front desk, or in the executive suite. With help, you align your IT strategy with your business objectives and deploy cost-effective solutions that drive genuine performance improvements across your enterprise.

Bay Microsystems

Series D in 2005
Bay Microsystems, Inc. designs and develops network solutions that include network architectures, systems, software, and integrated circuits. The company offers ABEx, a network appliance for optical transport and packet switched networks including synchronous optical networking and synchronous digital hierarchy, Ethernet, Internet protocol and multiprotocol label switching, pseudowires, ATM, and InfiniBand. It also designs and develops network processors that include Chesapeake, a single-chip programmable network processor and traffic manager; Montego, a single-chip programmable Internetworking processor; and Biscayne, a programmable classification processor with policing. Additionally, the company offers Lighthouse Tool Suite, a hardware and software development platform for designing network processor based networking equipment and BayPort, a demonstration and evaluation platform for company's network processors. Bay Microsystems was founded in 1998 and is headquartered in San Jose, California with an additional office in Germantown, Maryland.

ChipX

Venture Round in 2004
ChipX, Inc. is a Mixed-Signal ASIC company with the broadest offering of value-added ASIC solutions, including Standard Cell, Structured ASIC and Hybrid ASIC technology. ChipX has unique expertise in PCI Express, USB 2.0, DDR/DDR2 and data conversion mixed-signal cores; all are silicon proven and certified and they can be integrated in customers’ ASICs with a record first-time to market success. ChipX products are widely used in industrial applications, medical equipment and military/aerospace systems. Headquartered in Santa Clara, CA, ChipX is a privately held corporation, with a Research and Development subsidiary in Israel.
Color Kinetics is a pioneer in the design, marketing and licensing of intelligent solid-state lighting systems. Their systems use solid-state devices known as light emitting diodes, or LEDs, as the light source. Solid-state devices, such as transistors and diodes, rely on electrical interaction between adjacent layers of solid semiconductor materials, rather than mechanical operation, to perform a desired function.

Athena Semiconductors

Series B in 2003
handong Haoyuhui CNC Machine Tool Co., Ltd. is a manufacturer that develops, designs, produces and sells small CNC machine tools and their accessories. The existing CNC machining centers , computer gongs, CNC drilling machines, CNC milling machines, engraving and milling machines, gantry machining centers , Sales of horizontal machining centers , CNC drilling and milling machines, CNC drilling and tapping centers, radial drilling machines, hydraulic presses, shearing machines and other products. The company integrates the research and development, design, manufacture, sales, installation and maintenance of CNC machine tools.

Bay Microsystems

Series C in 2003
Bay Microsystems, Inc. designs and develops network solutions that include network architectures, systems, software, and integrated circuits. The company offers ABEx, a network appliance for optical transport and packet switched networks including synchronous optical networking and synchronous digital hierarchy, Ethernet, Internet protocol and multiprotocol label switching, pseudowires, ATM, and InfiniBand. It also designs and develops network processors that include Chesapeake, a single-chip programmable network processor and traffic manager; Montego, a single-chip programmable Internetworking processor; and Biscayne, a programmable classification processor with policing. Additionally, the company offers Lighthouse Tool Suite, a hardware and software development platform for designing network processor based networking equipment and BayPort, a demonstration and evaluation platform for company's network processors. Bay Microsystems was founded in 1998 and is headquartered in San Jose, California with an additional office in Germantown, Maryland.

Kanisa

Venture Round in 2003
Kanisa is the provider of knowledge-empowered customer service applications. They help customer support organizations meet the pressures of increasing customer demand and tightening budgets while delivering higher levels of service and satisfaction. They do this by providing a suite of applications to make support analysts more effective, to leverage expert users' knowledge, and to empower customers with knowledge directly on the website. Kanisa exists to help service organizations solve their toughest problem — making customers happy — without breaking the bank. The faster and more accurately you can answer questions and the more you can avoid problems altogether, the happier customers are. Kanisa enables agents and customers with the knowledge they need to get the most out of your solutions.

pSemi

Series A in 2003
pSemi Corporation is a Murata company driving semiconductor integration. pSemi builds on Peregrine Semiconductor's 30-year legacy of technology advancements and strong IP portfolio but with a new mission-to enhance Murata's world-class capabilities with high-performance semiconductors. With a strong foundation in RF integration, pSemi's product portfolio now spans power management, connected sensors, optical transceivers, antenna tuning and RF frontends. These intelligent and efficient semiconductors enable advanced modules for smartphones, base stations, personal computers, electric vehicles, data centers, IoT devices and healthcare. From headquarters in San Diego and offices around the world, pSemi's team explores new ways to make electronics for the connected world smaller, thinner, faster and better.

CoWare

Series D in 2002
CoWare, Inc. supplies platform-driven electronic system-level design software and consulting services to IP, semiconductor, and electronics companies. It offers products, services, and IP models that support platform architecture design, platform verification, application sub-system design, processor design, DSP algorithm design, and software development solutions. The company’s products include Platform Architect, a SystemC-based graphical environment that captures the product platform, as well as provides a dashboard for initiating the platform analysis functions; Model Designer for capturing and verifying the blocks of IP; Virtual Platform, a self-contained package platform simulation for distribution to software development teams; Model Library, a library of processor, bus, and peripheral models that are used in product platforms; and Processor Designer that enables the creation of custom processors or programmable hardware accelerators, and their models for incorporation into product platforms. CoWare, Inc. also provides Signal Processing Designer, which enables the design and analysis of signal processing algorithms, and exports these algorithm implementations as blocks; and Virtual Platform product family, which delivers tools and technologies to support the creation, distribution, and use of virtual hardware platforms for device software development and validation.

Chip Express

Venture Round in 2002
Fit the CHIP Express™ digital diesel tuning box for more torque too. You'll immediately notice better acceleration from low down in the rev range and when using taller gears. And that means more pulling power - precisely what you need if you tow a caravan, a horse box, a boat or if you drive a heavily laden vehicle like a van or pickup.

Atherotech Diagnostics Lab

Private Equity Round in 2002
Atherotech is a privately held cardio-diagnostic company focusing on direct measurement of the comprehensive lipid profile using the company's VAP (Vertical Auto Profile) technology. The VAP technology is a patented density gradient ultracentrifugation that directly measures the cholesterol content of all lipids, components, and subclasses. The company provides its unique testing services to physicians, hospitals, clinics, and other laboratories throughout the United States. Atherotech is a CLIA approved clinical reference laboratory located in Birmingham, Alabama.

Alacritech

Series C in 2002
Alacritech provides storage network acceleration solutions that dramatically improve the performance of the existing enterprise network storage infrastructure. Alacritech eliminates corporate storage/NAS sprawl by extending the life of the enterprise’s existing storage framework while reducing the dependency on growing pools of over-provisioned and underutilized disk drives. Only Alacritech allows enterprises to drastically increase application performance without having to replace the investment made in the NFS-based storage network. Alacritech was founded in 1997 by technology pioneer Larry Boucher, the author of the SCSI standard and founder of both Auspex and Adaptec. Larry and his team of fellow entrepreneurs foresaw the convergence of storage and networking and the large amount of processing power and bandwidth consumed when moving data across the network. To solve this problem, the team designed Dynamic TCP Offload and cast it into silicon and has now taken it a step further by leveraging this technology in the form of an NFS acceleration appliance. By applying its vision of accelerated storage/NAS solutions and leveraging its 54 patents in the area of network acceleration, Alacritech is redefining the next generation of enterprise storage, allowing companies to accelerate their existing storage/NAS infrastructure.

Nextest Systems

Venture Round in 2001
Nextest Systems Corporation was founded in 1997 and shipped its first product in 1998. Nextest is a low-cost leader in the design and manufacture of ATE for non-volatile memory, microcontrollers, ASIC and System-On-a-Chip (SOC) semiconductors. Nextest's products address the growing demand from manufacturers for testing equipment with increased throughput, reliability, functionality and capacity, while reducing the time to market and cost of test. The company employs approximately 150 employees with sales and support offices worldwide. To date, Nextest has shipped over 1000 systems globally!

TestQuest

Venture Round in 2001
TestQuest, Inc. provides test automation and management solutions for mobile devices and applications. It offers TestQuest Pro, a test automation tool for embedded systems, including enterprise computing/information automation, digital entertainment and consumer electronics, telecom/datacom, military/aerospace, medical devices, and automation systems; and TestQuest CountDown, a test platform for mobile devices and applications, which integrates test design, management, and execution while enabling collaboration among distributed development teams. The company's TestQuest CountDown platform includes TestManager, a Web-based environment for organizing, scheduling, and executing tests, as well as for reporting the results; TestRunner that enable test execution; Device Connectivity, which provides test connectivity for mobile and wireless devices, PCs, and test equipment for automated end-to-end testing; TestDesigner, an automated, graphical environment for test case generation and debugging; and AssetManager, a shared repository of test assets. Its TestQuest Pro platform comprises Scripting, a tool for creating test automation scripts within TestQuest's TestVerb Technology architecture; Connectivity that offers connectivity and hardware integration capabilities and interfacing with mobile/wireless operating systems; and Test Management, which provides the productivity of automated tests and log the results with TestQuest Pro test management tools. The company also provides assessment, consulting, implementation and training, and professional services. It serves network operators, device manufacturers, content providers, and application developers. TestQuest was founded in 1983 as B-Tree Systems, Inc. and changed its name to TestQuest, Inc. in 2000. The company is headquartered in Minneapolis, Minnesota. As of November 18, 2008, TestQuest, Inc. operates as a subsidiary of BSQUARE Corp.

Blue Pumpkin Software

Series G in 2001
Blue Pumpkin provides industry-leading workforce management solutions that improve the performance of a customer contact center’s most important and valuable asset – its people. Addressing critical business challenges and creating competitive advantage with both innovative technology and best practices professional services, the company helps customers Balance and Optimize™ three critical and often competing priorities: business growth through customer loyalty, employee satisfaction and retention, and operating costs.

Magma Design Automation

Venture Round in 2001
Magma Design Automation, Inc. (Magma), provides electronic design automation (EDA) software products and related services. Its software enables chip designers to reduce the time it takes to design and produce integrated circuits used in the communications, computing, consumer electronics, networking and semiconductor industries. Its flagship products consist of a digital integrated solution for the chip development cycle, from initial design through physical implementation. Magma's flagship Talus family of products, its Tekton static timing analyzer and QCP extractor and, its Quartz family of sign-off and verification tools combine into one integrated chip design and verification flow, from what has been separate logic design, physical design, and analysis and sign-off processes. Its Titan platform for custom integrated chip design provides an integrated chip-finishing solution for mixed-signal designs.

Silicon Metrics

Venture Round in 2000
Silicon Metrics develops characterization and modeling tools for standard cells, memories and complex I/Os. Silicon Metrics' SiliconSmart(TM) products provide robust timing, power, and signal integrity models in a variety of industry standard formats.

Corona Networks

Series B in 2000
Corona Networks is a developer of networking equipment, specifically carrier-class IP switches for CLECs, ILECs, IXCs, PTTs and ISPs. The company's products enable the delivery of differentiated IP services including multimedia content delivery, virtual private networks, firewalls and bandwidth management.

HotRail

Series C in 2000
HotRail is an internet infrastructure company that develops interconnect technologies for its clients. HotRail was founded in 1993 and is based in California.

Officesupplies.com

Venture Round in 1999
officesupplies.com is a virtual marketplace and business resource center that is dedicated to helping small and mid-size businesses spend less time and money to getting the supplies they need. officesupplies.com features over 18000 products from more than 300 top manufacturers and provides customers with money-saving benefits like free next business day delivery and competitive pricing.

CoWare

Series B in 1999
CoWare, Inc. supplies platform-driven electronic system-level design software and consulting services to IP, semiconductor, and electronics companies. It offers products, services, and IP models that support platform architecture design, platform verification, application sub-system design, processor design, DSP algorithm design, and software development solutions. The company’s products include Platform Architect, a SystemC-based graphical environment that captures the product platform, as well as provides a dashboard for initiating the platform analysis functions; Model Designer for capturing and verifying the blocks of IP; Virtual Platform, a self-contained package platform simulation for distribution to software development teams; Model Library, a library of processor, bus, and peripheral models that are used in product platforms; and Processor Designer that enables the creation of custom processors or programmable hardware accelerators, and their models for incorporation into product platforms. CoWare, Inc. also provides Signal Processing Designer, which enables the design and analysis of signal processing algorithms, and exports these algorithm implementations as blocks; and Virtual Platform product family, which delivers tools and technologies to support the creation, distribution, and use of virtual hardware platforms for device software development and validation.

Rapid Logic

Venture Round in 1999
Rapid Logic, Inc. develops Web-based applications. Its applications enable the distribution, access, presentation, and control of their client's development initiatives with management solutions.

Silicon Metrics

Series B in 1999
Silicon Metrics develops characterization and modeling tools for standard cells, memories and complex I/Os. Silicon Metrics' SiliconSmart(TM) products provide robust timing, power, and signal integrity models in a variety of industry standard formats.
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