BSG Alliance, Steve Papermaster’s Austin-based startup which has been very active in both acquisitions (here, here and here) and appointing high profile new board members, has reportedly raised nearly $43 million in Series B funding led by Oak Investment Partners, according to a regulatory filing. The company had previously raised $20 million from Foundation Capital, Hummer Winblad Venture Partners and Powershift Ventures.  Combine the 5 acquisitions the company has previously done, and the Board the company is assembling, and BSG appears headed for great things – maybe even a late 08, early 09 IPO?

Hat tip: PE Hub.