Capital Markets: CipherOptics raises $21M; m8 invests in SCHAD; and more

CipherOptics said it completed a $21 million financing round led by Adams Capital Management. The round included new investors Blue Heron Capital Management, Intuitive Venture Partners, Next Stage Capital, Kestrel Asset Management, Origin Partners and Axiom Venture Partners. The funding will be used to accelerate technology development and expansion into new markets. In connection with the funding, Mike Kane from Kestrel Asset Management and John Gerdelman join the company’s board of directors.
Mobile technology venture capital fund m8 Capital said it made a $4.2 million investment in SCHAD, a German company that focuses on remote access for enterprises. SCHAD said it will use the funding to further develop its product line and to expand worldwide.
CommScope sold its wireless test and measurement product line to Anite plc, which supplies test and measurement tools under the Nemo brand. Terms of the deal call for Anite to acquir the Invex portfolio, existing customer commitments and bout 20 employees. Additional terms were not disclosed. The sale closed Jan. 7.
Glu Mobile Inc. announced it is offering to sell shares of its common stock in an underwritten public offering. Roth Capital Partners is acting as sole bookrunner for the offering.
Numerex Corp. said it reached an agreement with the owners of Orbit One Communications Inc. and affiliates that settles a dispute among the parties related to Numerex’s purchase of Orbit One. The settlement calls for Numerex to pay $1.73 million in cash and buy back 320,833 shares of common stock that were previously earned and escrowed as part of the acquisition earn-out agreement.