Tuesday, January 31, 2006

Incipient raises $24M Series D round of funding - Waltham, MA

Incipient, Inc, a leading provider of intelligent switch storage software, announced today that it has raised $24 million in Series D financing bringing the total equity capital raised to $79 million. Leading this round is new investor QuestMark Partners, along with participation from Wasatch Advisors. Incipient’s major existing investors Globespan Capital Partners, GrandBanks Capital, Greylock, HLM Venture Partners, and Sigma Partners also participated in this round of financing. The Series D capital is earmarked for expansion of marketing and sales efforts in support of the Incipient Network Storage Platform (NSP) software suite.


Monday, January 30, 2006

JJWild Raises $20 Million in First Round of Venture Capital - Canton, MA

JJWild, a Canton-based provider of IT consulting and systems integration services for the healthcare industry, has raised $20 million in its first round of venture capital, Private Equity Week reported on Monday. JJWild specializes in providing support for MEDITECH’s financial, clinical, and administrative applications.


nTag Secures $6 million in additional funding - Boston, MA

nTAG Interactive, the premier provider of real-time Event Data Management (EDM) solutions, today announced that its two leading investors, Sevin Rosen Funds and Pilot House Ventures, have increased their investment. Rick Burnes, an angel investor in previous rounds, and the company’s founders also participated.


Friday, January 27, 2006

ClarityBlue (UK/Boston) aquired by Experian (Illinois)

ClarityBlue, a Boston- and U.K.-based provider of database marketing technology, has been acquired by Experian, the Illinois-based provider of consumer credit and related marketing data services, for $150 million. Experian said that the acquisition further extends and complements its database technology and direct marketing businesses for financial services, telecommunications and media clients. "ClarityBlue's technology is built to handle the future of marketing with already developed capabilities that enable integrated campaign management in traditional channels such as direct mail, e-mail and call centers, as well as emerging channels such as SMS and video messaging," said Mark Parise, president of Experian Marketing Services.


Knight Capital Group acquires Hotspot FX for $77,500,000 - New Jersey

Knight Capital Group (Nasdaq:NITE), a provider of comprehensive trade execution and asset management services has agreed to acquired Hotspot FX, an operator of foreign exchange marketplaces for institutional and retail market participants.


Parcxmart Technologies Raises Funds in Strategic Round - Hampton Falls, NH

Parcxmart Technologies is a developer of electronics payment solutions, specializing in small-dollar transactions. Investors include Heartland Payment Systems.


Wednesday, January 25, 2006

Campagne acquired by Blackbaud for $6M - Manchester, NH

Campagne tallies up $6M in sale to Blackbaud A South Carolina company bought Manchester, N.H.-based software maker Campagne Associates Ltd., a privately held maker of fund-raising software for nonprofit organizations.


Airwide Raises $25 Million in Fourth Round - Burlington, MA

Airwide Solutions, a provider of software for wireless communication networks, has raised $24 million in its fourth round of venture capital, led by Advent International. Other investors in the deal include Artiman Ventures, Axiom Venture Partners, Key Venture Partners, and Kodiak Venture Partners. Originally founded in 2000 in Burlington as Taral Networks, the company was acquired in 2004 by France-based Schlumberger Messaging Solutions and renamed as Airwide. The company also relocated its corporate headquarters to London. Airwide still maintains operations in Burlington.


PreferredTime Raises $3,000,000 in Financing - Boston, MA

PreferredTime is dedicated to reducing waste in the healthcare system by making interactions between the medical provider and pharmaceutical communities more efficient. PreferredTime's rep scheduling service allows pharmaceutical representatives and medical offices to arrange visits at times and in ways that both parties prefer. Investors include: IDP Investments, Venture Capital Fund of New England


Monday, January 23, 2006

NextWorth Raises an Undisclosed Angel Round - Needham, MA

NextWorth is a provider of convenient, outsourced, trade-in services designed to help individuals, corporations, a non-profits create new capital by facilitating the sale of unused valuables through multiple online and offline sales channels. NextWorth is putting the final touches on an undisclosed first round of angel funding, according to David Chen, NextWorth’s chief executive officer.


DirectoryM Raises $3.65M Series C Round - Cambridge, MA

DirectoryM is a provider of online advertising channel targeting the readers of business and technology publications. INVESTORS: BV Capital, FdG Associates, Matrix Partners


General Catalyst Partners Raises $400 Million for New VC Fund

General Catalyst Partners, a Cambridge-based venture capital firm, has raised about $400 million for a new investment fund, the firm's fourth. With about 35 companies in its current portfolio, General Catalyst focuses software, infrastructure software and applied technology businesses. The new fund brings General Catalyst's total capital under management to about $1 billion.


Venture Capital Activity in New England Spikes Up in Fourth Quarter

The total amount of venture capital raised in New England during the fourth quarter of 2005 added up to $807 million, a 25% increase from the same period a year ago, and a 13% increase from the third quarter of 2005, according to the latest Ernst & Young/VentureOne Quarterly Venture Capital Report. Notable among the trends was an increase in the total amount of healthcare-related venture capital deals to $426 million in 2005's fourth quarter, a jump of more than 100% from a year ago. Total IT venture capital deals in the region fell to $303 million in the last quarter of 2005, down from $411 million a year before.


ITA Software Raises $100M Round of Funding - Cambridge, MA

ITA Software Inc., a decade-old company whose systems for searching and shopping for airline fares have come to be used by millions of people daily, has closed on a $100 million infusion of venture capital, apparently the biggest New England software venture deal in five years. Investors included Battery Ventures, Sequoia Capital, General Catalyst Partners, PAR Investment Partners, and Spectrum Equity.


Friday, January 20, 2006

SiteAdvisory Raises Series A Round - Boston, MA

SiteAdvisor Inc., a new consumer software company targeting Web safety, closed a Series A round of funding from Bessemer Venture Partners and General Catalyst Partners.


Wednesday, January 18, 2006

AdSpace Networks Raises $20M Series D - New York, NY

Looking to expand its national presence, AdSpace Networks Inc., a company putting video display monitors in shopping malls, said that it has raised $20 million in Series D financing.


Tuesday, January 17, 2006

Converged Access Raises $8M Third Round - Billerica, MA

Converged Access Inc., a Billerica-based developer of performance control technology for network applications, has raised $8 million in its third venture capital round, led by SpaceVest Capital. Founded in 2004, Converged Access offers products for assuring the performance and reducing the cost of ownership for converged IP voice, data and video network applications. The company says that its products have been deployed by hundreds of service provider and large corporate customers, including NBC, the United Nations, and Perini Corp.


Interactive Supercomputing, Inc. Raises $4.5M Series A - Waltham, MA

On the heels of a successful product launch last quarter, Interactive Supercomputing, Inc. (ISC) today announced it secured a $4.5 million Series-A investment. Flagship Ventures led the round, joined by Rock Maple Ventures and CommonAngels, a network of private investors and limited partners.


Monday, January 16, 2006

Gather.com Raises $6M - Second Round of Funding, Boston, MA

Boston’s online content manager Gather.com reports it has closed a second round of financing for $6 million. Primary investors include Jim Manzi, former chief executive officer of Lotus Development Corp., Allen & Co., Southern California Public Radio, American Public Media Group, and Gather.com chief executive Tom Gerace.


IntelliVid Corporation Raises $8M Series B - Cambridge, MA

IntelliVid Corp. of Cambridge, a maker of intelligent video analysis software for retail loss prevention, has brought in $8 million in Series B funding, bringing the total private investment in the company to over $18 million.

The new round was led by Intel Capital, with participation from existing investors Flagship Ventures, Egan-Managed Capital and DFJ New England.


Symantec to acquire IMlogic - Waltham, MA

Jan 3, 2006 - Symantec Corp. (Nasdaq: SYMC) today announced it has signed a definitive agreement to acquire IMlogic, Inc., the market leader in enterprise software for instant messaging (IM). IMlogic's technology provides a complete solution to control and secure public and enterprise IM networks while ensuring compliance with regulatory and corporate governance policies. Imlogic's investors include Crosslink Capital, General Catalyst, Goldman Sachs, Kodiak Venture Partners, and Venrock Associates.


Friday, January 13, 2006

BzzAgent Raises $13.75M in Second Round of Funding - Boston, MA

BzzAgent, a Boston-based word-of-mouth marketing and media firm, has raised $13.75 million in its second round of venture capital, co-led by General Catalyst Partners and IDG Ventures Boston. Founded in 2001, BzzAgent uses its website to recruit and manage individuals to promote the marketing campaigns of BzzAgent's clients. The recruits are directed to perform various activities to generate word-of-mouth marketing. After filing online reports on their promotional activities, they are assigned points that can be redeemed for rewards. BzzAgent said that it has been profitable since its founding. Some of its customers include Anheuser Busch, Cadbury Schweppes, Energizer Batteries, Ralph Lauren, and Levi's Dockers.

OnForce Receives $15M Series A - New York, NY

OnForce, the first and most advanced on demand marketplace for on-site technology services, today announced the closing of $15 million in Series A funding from General Catalyst Partners. D.F. Hadley & Co. served as financial advisor to OnForce. Formerly ComputerRepair.com, OnForce provides a web-based platform to procure and manage on-site technology services – including installation, repair, configuration, and training for a comprehensive range of IT equipment, With more than 12,000 highly qualified service professionals in the OnForce Network, the platform allows Value Added Resellers (VARs), technology retailers, technology service providers, OEMs, and large corporations to instantly deliver reliable on-site services cost effectively and efficiently virtually anywhere in the U.S.


Convoq Receives $13M Series C - Lexington, MA

Convoq, Inc., an innovative provider of online communication and collaboration applications, today announced it has secured $13M in Series C financing.

The round was led by Bay Partners, a Cupertino, Calif.-based early-stage venture capital firm active in wireline, wireless and enterprise software and services, which has funded over 250 companies including Informatica, Digital Island, Brocade Communications, and WebLogic. Convoq’s existing venture investors, North Bridge Venture Partners and Polaris Venture Partners, also participated in this round.