Capital Markets: AirStrip closes financing; Glentel buys Diamond Wireless; and more

AirStrip Technologies, a mobile medical software company, said it closed a financing round with Sequoia Capital. The amount of the investment was not disclosed. The company said it would use the funding to market its AirStrip OB solution and to further develop and market its AirStrip Remote Patient Monitoring solutions.
Storage Appliance Corp., which offers the Clickfree automatic backup service, said it received $15 million in new funding from the Tandem Expansion Fund. The funding will be used to roll out the company’s consumer backup products.
Infinite Power Solutions Inc. said it completed its series C round of financing, totaling $20 million. The company said it will use the funding to expand its manufacturing capacity, accelerate the development of its global sales channels and further support research and development of its Thinergy solid-state rechargeable energy storage devices. Existing investors D.E. Shaw Ventures, Polaris Venture Partners and Core Capital Partners co-led the financing round. New investors Generation Investment Management also participated along with Applied Ventures L.L.C. and two other strategic investors.
American Tower Corp. (AMT) priced its registered public offering of senior unsecured notes due 2020 in an aggregate principal amount of $700 million. The notes will have a per-annum interest rate of 5.05% and are being issued at a price equal to 99.88% of their face value, said the company.
AT&T (T) announced pricing terms of its private offer to exchange its outstanding 8.750% senior notes of New Cingular Wireless Services Inc. due 2031 and the outstanding 8% senior notes of AT&T Corp. due 2031 for a new series of 5.35% senior notes of AT&T to be due 2040. The total exchange price for each $1,000 principal amount of 8.750% notes tendered and accepted by AT&T will be $1,458.44. The total exchange price for each $1,000 principal amount of the 8% notes tendered and accepted will be $1,366.75.
Glentel Inc. said it signed a binding purchase agreement to acquire 81.5% ownership of Diamond Wireless L.L.C., a mall-based retail agent of Verizon Wireless services and products. The deal is valued at $50.5 million. Glentel said it has agreed to purchase the remaining stake in Diamond Wireless in the future. Diamond Wireless operates 128 retail stores primarily in the Western and Southwestern United States.
IBM said it entered a definitive agreement to buy marketing solutions company Unica for $21 per share or about $480 million total. IBM said Waltham, Mass.-based Unica will help it expand its ability to help organizations analyze and predict customer preferences and to develop more targeted marketing campaigns.
LiveWire Mobile Inc., a mobile ringback and music services company, released financial results for the second quarter. The company said its revenues totaled $3 million, down from $3.7 million during last year’s second quarter. LiveWire noted its service revenues, however, increased 9% to $2.9 million for the quarter. Net loss for the quarter was $600,000, or 12 cents per share, compared with net loss of $1.7 million, or 37 cents per share, during the corresponding period a year ago.
Tranzeo Wireless reported second quarter revenues of $5.1 million, up from $3.3 million reported during last year’s second quarter. Net loss for the quarter was $3.2 million, or about 7 cents per share, compared with a loss of $624,408, or 2 cents per share, during the second quarter a year ago.