Local Tech Wire

The exit ramps for venture-backed firms – mergers and acquisitions and initial public offerings (IPOs) of stock – were much more busy in the second quarter than a year ago.

Reports Dow Jones VentureSource:

"During the second quarter of 2010, 15 IPOs by venture-backed companies raised $899 million, up from three offerings which raised $232 million in the same period last year ..

"Seventy-nine M&As raised $4.3 billion in the most recent quarter, a decrease in deal activity from the 82 M&As that netted $2.9 billion in the second quarter of 2009."

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