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venture services corporate servicesexecutive servicesventure servicesteamformsclient access private capitaltransaction history asset managementnews needham press releasesother needham newsfor press & media contact new yorkbostonchicagomenlo parksan francisco welcome to needham needham & company llc a subsidiary of the needham group inc. is a nationally recognized investment banking and asset management firm focused solely on growth companies and their investors . needham s mission is to provide its clients with the long term advice they need to achieve their business goals . the firm s commitment to exceptional service is unusual in today s business climate and is born of a tradition which stresses integrity above all else . we strive to be front of mind approachable and idea driven . needham is actively engaged in the public and private capital markets boasting a 31 year track record of executing complex transactions and the accompanying reputation for excellence in our markets . needham s principal activities involve assisting our clients through a variety of advisory and transaction related services with a specific focus on public and private financings mergers acquisitions and divestitures equity research institutional sales and trading asset management through public and private funds to check the background of our firm on finra s brokercheck click here dfmsim provides advanced enabling software solutions to the global semiconductor industry . the company s technology simulates key ic design and processing steps to quickly find and avoid systemic defects that threaten yields and increase manufacturing costs . dfmsim s solutions are versatile modular easy to use and can be rapidly configured for various manufacturing processes and tools . headquartered in silicon valley the company maintains r & d sales and support offices in multiple global locations.dfmsim inc. a leader in chip simulation technology completed its sale to applied materials nasdaq amat the global leader in providing innovative equipment services and software to enable the manufacture of advanced semiconductor flat panel display and solar photovoltaic products . the terms of the transaction have not been publicly disclosed . needham & company acted as the exclusive financial advisor to dfmsim inc.inphi corporation nyse iphi is a leader in high speed data movement . we move big data fast throughout the globe between data centers and inside data centers . inphi s expertise in signal integrity results in reliable data delivery at high speeds over a variety of distances . as data volumes ramp exponentially due to video streaming social media cloud based services and wireless infrastructure the need for speed has never been greater . that s where we come in . customers rely on inphi s solutions to develop and build out the service provider and cloud infrastructures and data centers of tomorrow.inphi corporation issued 287.5 million principal amount of convertible senior notes due 2021 in an upsized transaction to qualified institutional buyers pursuant to an exemption from the registration requirements of the securities act of 1933 as amended the securities act . inphi will settle conversions of the notes by paying or delivering as the case may be cash shares of its common stock or a combination of cash and shares of its common stock at its election . in addition holders may require inphi to repurchase their notes upon the occurrence of a fundamental change as defined in the indenture governing the notes at a purchase price equal to the principal amount thereof plus accrued and unpaid interest to but excluding the repurchase date . the underwriters fully exercised their option to purchase an additional 37.5 million in aggregate principal amount of notes to cover over allotments . needham & company acted as a co manager for this transaction . inphi intends to use a portion of the net proceeds from the offering of the notes to pay the cost of certain capped call transactions . inphi intends to use the remainder of the net proceeds from the offering of the notes for general corporate purposes including financing potential acquisitions and other strategic transactions.emc corporation nyse emc is a global leader in enabling businesses and service providers to transform their operations and deliver it as a service . fundamental to this transformation is cloud computing . through innovative products and services emc accelerates the journey to cloud computing helping it departments to store manage protect and analyze their most valuable asset information in a more agile trusted and cost efficient way . emc corporation nyse emc a global leader in enabling businesses and service providers to transform their operations and deliver it as a service completed its historic previously announced sale to dell technologies creating a unique family of businesses that provides the essential infrastructure for organizations to build their digital future transform it and protect their most important asset information . this combination creates a 74 billion market leader with an expansive technology portfolio that solves complex problems for customers in the industry s fast growing areas of hybrid cloud software defined data center converged infrastructure platform as a service data analytics mobility and cybersecurity . under the terms of the transaction emc shareholders received 24.05 per share in cash in addition to tracking stock linked to a portion of emc s economic interest in the vmware business . based on the estimated number of emc shares outstanding at close emc shareholders received 0.11146 shares of new tracking stock nyse dvmt for each emc share . it is the largest technology transaction on record and dell technologies now becomes the world s largest privately controlled technology company . needham & company acted as a financial advisor to emc on this transaction . galvanize is a dynamic tech learning community that offers education workspace and networking for students startups and large companies . galvanize teaches web development data science and data engineering to students offers support and workspace to over 700 member companies and provides over 200 networking events across nine urban campuses throughout the nation . galvanize campuses bring together entrepreneurs students investors mentors and great people and companies to develop the skills mindset and networks necessary to thrive in a technology driven world . galvanize inc. completed the pricing of a market leader delivering technology education programs and community workspaces announced a 45 million series b investment led by abs capital partners a leading late stage growth company investor . colorado impact fund haystack partners greg maffei aspen grove capital and existing investor university ventures also participated . needham acted as financial advisor and sole agent to galvanize on this transaction . the funding will be used to provide more students access to galvanize s modern web development and data science programs and directly address employer s needs to re skill existing employees . as a result of the financing paul mariani a general partner with abs capital will join the galvanize board of directors.acadia pharmaceuticals inc nasdaq acad is a biopharmaceutical company focused on the development and commercialization of innovative medicines to address unmet medical needs in central nervous system disorders.acadia pharmaceuticals inc. raised 230.0 million in its follow on offering at 33.00 per share . needham acted as a co manager on the transaction . the company s underwriters fully exercised their option to purchase an additional 909 090 shares of common stock at the follow on offering price to cover over allotments . the net proceeds from the sale of the shares from the offering will be used by acadia pharmaceuticals inc. for to fund commercialization efforts for nuplazid ongoing and new clinical trials and development efforts for pimavanserin and for general corporate purposes which may include research development and commercialization expenses capital expenditures working capital and sales general and administrative expenses . the company may also use a portion of the net proceeds to acquire or invest in complementary businesses products and technologies.digimarc corporation nasdaq dmrc based in beaverton oregon is the inventor of the digimarc discover platform featuring the imperceptible digimarc barcode for automatically identifying and interacting with virtually any media . digimarc owns an extensive intellectual property portfolio with patents in digital watermarking content identification and management media object discovery and intuitive computing more generally . digimarc inc. raised 42.5 million in its upsized follow on offering at 30.00 per share . needham acted as the joint bookrunner on the transaction . the company s underwriters fully exercised their option to purchase an additional 185 000 shares of common stock at the follow on offering price to cover over allotments . the net proceeds from the sale of the shares from the offering will be used by digimarc inc. for for general working capital purposes as well as to accelerate the company s growth initiatives . these growth initiatives include increasing sales marketing and operations resources for global expansion ; supporting a growing supplier network and feasibility and pilot projects with prospective customers ; continuing development of tools and processes to support efficient effective and timely implementation of its technology ; and further research and intellectual property development . unboundid provides the industry s leading software platform for customer identity and access management . enterprise customers select the unboundid platform to modernize traditional identity and access management systems and enable new customer facing digital business initiatives that provide real time personalization and delivery of a consistent customer experience across channels and devices . some of the world s largest and most demanding companies in financial services retail hospitality telecommunications and healthcare rely on unboundid to manage and protect their identity and preference data across application portfolios and systems of engagement . unboundid customers consistently report a total cost of ownership savings between 25 to 90 percent relative to legacy directory servers and the company enjoys a 100 % customer renewal rate . unboundid a market leading provider of customer identity and access management software to help enterprises improve customer engagement completed its sale to ping identity the leader in identity defined security . terms of the transaction were not disclosed . the deal puts ping identity which is owned by vista equity partners firmly in at the intersection of identity and customer engagement and management . the combined company provides identity and access management solutions for the world s leading companies including over half of the fortune 100 and manages over 3 billion identities . needham & company acted as the exclusive financial advisor to unboundid.ellie mae inc. nyse elli is a leading provider of innovative on demand software solutions and services for the residential mortgage industry . mortgage lenders of all sizes use ellie mae s encompass all in one mortgage management solution mavent compliance service and allregs research reference and education resources to improve compliance loan quality and efficiency across the entire mortgage lifecycle.ellie mae inc. raised 284.63 million in its follow on offering at 90.00 per share . needham acted as a co manager on the transaction . the company s underwriters fully exercised their option to purchase an additional 412 500 shares of common stock at the follow on offering price to cover over allotments . the net proceeds from the sale of the shares from the offering will be used by ellie mae inc. for general corporate purposes which may include working capital capital expenditures other corporate expenses and acquisitions of complementary products technologies or businesses.argos therapeutics nasdaq args is an immuno oncology company focused on the development and commercialization of individualized immunotherapies for the treatment of cancer and infectious diseases using its arcelis technology platform . argos most advanced product candidate ags 003