Thursday, July 23, 2009

OVP Portfolio Firm Acquired, Says Report

A report Thursday says that one of Seattle- and Portland-based OVP Partners portfolio companies, M2E Power, located in Boise, Idaho, has been acquired. According to VatorNews, M2E Power was acquired by Motionetics. No financial terms of the deal have been released. M2E Power was developing recharging devices that used kinetic energy and movement for power; the firm also received funding from @Ventures and Highway 12 Ventures.