Monday, February 27, 2006

Bluesocket raises $9M in VC funding - Burlington, MA

Wireless networking firm Bluesocket has raised $9 million in new funding. Bluesocket has raised a total of $51M in financing, with backers including Ascent Venture Partners of Boston, Vesbridge Partners of Westborough, Mass., California's MenloVentures, and Colorado's Boulder Ventures.

Archivas raises $12M Series C - Waltham, MA

Archivas Inc. of Waltham, a maker of fixed content archiving products, has completed its third round of funding, adding $12 million and bringing the company’s total financing raised to date to more than $28 million. The new funding round was led by original investors North Bridge Venture Partners and Polaris Venture Partners. Solstice Capital, which participated in the company’s second round of funding in December 2004, also participated in the round.

Friday, February 24, 2006

HighRoads received $2.5M in debt financing - Woburn, MA

HighRoads Inc., a developer of software and services that help corporations manage their health care costs, received $2.5 million in debt financing from Hercules Technology Growth Capital Inc.

Wednesday, February 22, 2006

Anaqua Raises $4,000,000 in Series A Round - Boston, MA

Anaqua is a developer of intellectual asset management (IAM) software solutions. Investors include Northstar Global Partners (Lead).

Third Screen Media Raises $5M in Series B - Boston, MA

Third Screen Media is a developer of mobile advertising and marketing software and services. Investors include TD Capital (Lead), Blue Chip Venture Company.

Thursday, February 16, 2006

Broadcast Data Corp Raises $4M in First Round - Hopkinton, MA

Hopkinton-based Broadcast Data Corp. Raises $4 Million in First RoundHopkinton, Mass. -- Broadcast Data Corp, a Hopkinton-based provider of software for digital TV sets, has raised $4 million in its first round of venture capital, VentureWire reported. The deal was led by Core Capital. Broadcast Data provides software to manufacturers of digital television receivers that allows for updates to fix bugs, supports changes in the broadcast stream, and compliance with updated specifications from evolving digital television standards.

Wednesday, February 15, 2006

Sleepycat Software Acquired by Oracle - Lincoln, MA

Oracle Buys Open Source Software Company Sleepycat Expands Embedded Database Product Line with Berkeley DB. Oracle today announced that it has added Berkeley DB to its embedded database product line which includes Oracle Lite for mobile devices and Oracle TimesTen for high performance in-memory database applications.

Sleepycat Software's Berkeley DB is the most widely used open source database in the world with deployments estimated at more than 200 million. Berkeley DB is distributed under a dual license model, i.e. available under a public license and also available under a commercial license. Well-known open source projects such as the Linux and BSD UNIX operating systems, Apache web server, OpenLDAP directory, OpenOffice productivity software, and many others embed Berkeley DB technology.

Monday, February 13, 2006

Demandware raises $12M Series B - Woburn, MA

E-commerce platform maker Demandware Inc. has raised a $12 million Series B round of funding, bringing its total raised capital to $22 million. The round was co-led by both of Demandware’s Series A investors, General Catalyst Partners and North Bridge Venture Partners, with participation from Demandware management.

Wednesday, February 08, 2006

GameLogic Inc. has received $18 million in a second round of venture capital funding - Waltham, MA

GameLogic Inc. has received $18 million in a second round of venture capital funding. The round was lead by Bain Capital Ventures in Boston, GameLogic said. Existing investors General Catalyst Partners in Cambridge and Maveron LLC in Seattle also participated in the round. Waltham-based GameLogic was founded in 2002. GameLogic's products and services provide regulatory-compliant gaming designed to enable legal casinos and government-sponsored lotteries to stay connected to their players virtually anywhere there is a computer, according to company officials.

Symantec Corp. is acquiring computer-configuration software vendor Relicore Inc. - Burlington, MA

Symantec Corp. is acquiring computer-configuration software vendor Relicore Inc. Relicore's software is used to map out and track changes to application and server components, with customers including Cisco Systems Inc. of San Jose, Calif., and JPMorgan Chase & Co. in New York City. Relicore investors include Highland Capital Partners in Lexington, Mass., and Matrix Partners in Waltham. Symantec (Nasdaq: SYMC) has its headquarters in Cupertino, Calif., and sells a range of computer management and security products.

Borland Software Corp. to acquire Seque Software Inc. for $100 million - Lexington, MA

Borland Software Corp. is acquiring Seque Software Inc. for $100 million. Segue's products are used to test, tune and monitor other software applications. In the fourth quarter, the Lexington, Mass., company earned $1.1 million on $10 million in revenue. Borland (Nasdaq: BORL) has its headquarters in Cupertino, Calif., and sells a range of software development tools. In the fourth quarter, it lost $9.6 million on $71 million in sales.
Borland is paying $8.67 for each share of Segue (Nasdaq: SEGU), which closed at $6.92 Wednesday.

Tuesday, February 07, 2006

Tizor closes Series B round at $15M - Maynard, MA

Security software maker Tizor Inc. has closed additional financing in its oversubscribed Series B round, bringing the total to $15 million. Boston-based Longworth Venture Partners is joining the Series B investor team led by Hummer Winblad. Tizor investors include Masthead Ventures, Navigator Technology Ventures and Common Angels, Tizor officials said.

Mazu Networks raises $7M in new round of funding - Cambridge, MA

Mazu Networks Inc., an enterprise network security equipment company, has closed $7 million in a new acceleration round of funding. The new investment was provided through existing investors including Symantec Corp., Greylock Partners, Matrix Partners, Pilot House Ventures, and StarVest Partners.

Monday, February 06, 2006

Imprivata has raised $12M in new funding - Lexington, MA

Imprivata has raised $12 million in new financing, as it sells a system to simplify the administration of passwords for computer networks. The Lexington, Mass., company raised $13.5 million in initial financing four years ago. Imprivata's appliance allows people to sign on to a range of different corporate systems using a single password. Customers include Eagle Bank, which has locations in Lexington and Everett, Mass.
The company's backers include General Catalyst Partners, Highland Capital Partners, and Polaris Venture Partners.

Thursday, February 02, 2006

Datavantage to acquire CommercialWare for $13.2M - Natick, MA

CommercialWare, a Natick-based provider of retail sales support software, has been acquired by Datavantage, a Cleveland-based subsidiary of Micros Systems that offers retail sales, analytics and marketing support software. The acquisition was priced at $13.2 million in cash. The acquisition does not include ComercialWare’s subsidiary OrderMotion. Datavantage and CommercialWare serve a combined customer base of about 400 brands and retailers.

Interactive Data Corp. acquires from Lycos for $30M - Waltham, MA

Interactive Data Corporation (NYSE: IDC), a leading global provider of financial market data and analytic tools to institutional investors, active traders and individual investors, today announced a definitive agreement to acquire and related assets from Lycos(R), Inc. for $30.0 million in cash. The acquisition is expected to close during the first quarter, subject to customary closing conditions including governmental approvals.

Wednesday, February 01, 2006

ThingMagic adds another $6M to Series A Round - Cambridge, MA

ThingMagic, Inc. (, a leading developer of radio frequency identification (RFID) technology, today announced it has received additional funding. New investors include Cisco Systems, Inc., the worldwide leader in networking for the Internet, and Nicholas Negroponte, Wiesner Professor of Media Technology at the Massachusetts Institute of Technology and founding chairman of MIT's Media Laboratory. Other investors in ThingMagic include The Tudor Group and affiliated funds, The Exxel Group, Inventec Appliances Corp., Morningside Technology Ventures Ltd., and Top Line Capital LLC. ThingMagic's private financing totals $21 million, including a line of credit from Silicon Valley Bank.

InnoCentive secures $9M Series A Round - Andover, MA

InnoCentive reports it has closed a $9 million Series A Preferred venture capital financing round led by Spencer Trask Ventures Inc., a New York-based venture capital firm. InnoCentive is an exciting web-based community matching top scientists to relevant R&D challenges facing leading companies from around the globe.

IAC to Acquire - Boston, MA

IAC/InterActiveCorp (Nasdaq: IACI) announced today it has reached an agreement to acquire, Inc., a leading internet retailer of footwear and related apparel.

Shoebuy, founded in 1999 and headquartered in Boston, carries more than 400,000 products from more than 250 leading brands. With its innovative virtual inventory model whereby huge product assortments can be showcased on behalf of vendor partners, Shoebuy has also recently launched and plans to extend into additional product categories. Shoebuy’s Founder and CEO Scott Savitz will continue to oversee the company’s operations.