ConnectEDU, a Boston-based developer of Web-based college and career planning services and platforms, this morning announced that it has successfully closed a $7 million financing round led by Allen & Co and with participation of the company’s initial group of investors.
In conjunction with the funding announcement, the company has revealed that Margaret Spellings has joined ConnectEDU’s board of directors. → Read More
Social gaming company Zynga is growing at a rapid clip. More importantly, their revenue is growing at a rapid clip. And they need a big gun to handle that. They believe they’ve just got him: Dave Wehner, formerly a managing director at Allen & Company LLC.
Wehner is stepping in for current CFO Mark Vranesh, who is becoming chief accountant of Zynga. While they obviously won’t say it, it should be fairly clear what this shuffling is all about: it’s not CFO, it’s another three-letter acronym, IPO. While Zynga is still undoubtedly a ways away from such a move, they have to get their finances in order now. Especially since they’re growing so quickly. → Read More
