Friday, April 28, 2006

Performix Technologies has been acquired by Nice Systems - Burlington, MA

Performix Technoloiges has been acquired for $13 million by Nice Systems Ltc.

Thursday, April 27, 2006 receives $25M

Facebook, a social directory that enables people to share information, announced today that it has secured $25 million in funding. Greylock Partners led the financing while Meritech Capital Partners and Facebook’s existing investors Accel Partners and Peter Thiel also participated.

Eleven Technology has agreed to be acquired by Trimble Corp - Cambridge, MA

California-based Trimble Corp. reports it has agreed to acquire Cambridge-based software maker Eleven Technology Inc. Eleven Technology is a handheld software maker that produces products for the consumer packaged goods industry. The deal is expected to close by mid-May, Trimble officials said. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has more than 2,400 employees in more than 18 countries worldwide.

Wednesday, April 26, 2006

PTC is acquiring Mathsoft for $63 million - Cambridge, MA

Needham based Parametric Technology Corporation is acquiring Mathsoft for $63 million in cash, triple Mathsoft's annual sales. Some 250,000 engineers use Mathsoft's Mathcad product to create calculations on computers. Parametric (Nasdaq: PMTC) sells software for computer-aided design, compiling product development data and updating documents. Mathsoft adds 130 people to PTC's workforce of more than 4,000 employees.

CentrePath Raises $10 Million in Third Round of Venture Capital - Waltham, MA

CentrePath, a provider of data center networking products, has raised $10 million in its third round of venture capital, led by Bain Capital Centures, according to a report in Private Equity Week, which cited a regulatory filing as its source. Other investors in the deal reportedly include Greylock and Pilot House Ventures. CentrePath's technology helps organizations build and manage their optical and storage networks.


OATSystems Raises $12.5 Million in Second Round - Waltham, MA

OATSystems, a Waltham-based provider of software for radio frequency identification (RFID) systems, has raised $12.5 million in its second round of venture capital, led by Matrix Partners and Greylock Partners. OATSystems was co-founded in 2001 by Sanjay Sarma, the company's CTO, who two years earlier founded MIT's Auto-ID Center. OATSystems' software provides an RFID data management platform that captures and filters raw RFID data and to create an accurate record of inventory and goods movement for improving supply chain operations.

Venture Capital Investing in New England Jumps in First Quarter

Venture capital investing in New England hit a total of $1.02 billion during the most recent quarter, an increase over $799 million from last year's first quarter, and up from $815 million during the fourth quarter of 2005, according to statistics released on Tuesday by the National Venture Capital Association and Pricewaterhousecoopers. (The report is based on data from Thomson Financial.) Included in the New England venture capital deals during the first quarter this year were 45 IT businesses and 21 biotechnology businesses, which are nearly the same as the numbers from a year ago. Nationally, venture capitalists invested $5.6 billion in 761 deals during the most recent quarter, according to the MoneyTree Report, a 12% increase over the same time last year.

Thursday, April 20, 2006

Email Data Source Raises Series A - New York, NY

Email intelligence software provider Email Data Source Inc. has closed on an unspecified amount in Series A financing from New York Angels Inc.

TradeCard Raises $14M - New York, NY

TradeCard Inc., the leading provider of on-demand supply chain automation products, announced today that it has raised more than US$14million of equity capital to support its growth strategy for helping businesses optimize global sourcing. Warburg Pincus, a leading global private equity investment firm and the majority shareholder in TradeCard, led the round. A number of other TradeCard shareholders and financial services partners participated in the financing.

Tuesday, April 18, 2006

Virtual Iron Raises $3M - Acton, MA

SAP AG reportedly has invested up to $3 million in Virtual Iron Software, Inc. Virtual Iron's software lets network engineers view and manipulate arrays of computer servers from a single screen. Last September, Virtual Iron disclosed a formal third round of funding valued at $8.5 million, with backers including Highland Capital Partners, Matrix Partners, and Goldman Sachs & Co.

Cape Clear Software Raises $15M Series D - Waltham, MA

Cape Clear Software raises $15M in funds. Cape Clear Software provides the fastest, simplest, and most proven way to implement a Service Oriented Architecture, delivering enterprise SOA projects in 20 percent of the time and cost of alternative approaches. Cape Clear has raised $45 million in total. Its Series D round was led by Interwest Partners of Menlo Park, Calif., according to a Tuesday report in Private Equity Week. Other backers included Greylock, Accel, and Dublin's ACT Venture Capital.

Friday, April 14, 2006

SimpleTuition Raises $4,400,000 in Series A Financing - Boston, MA

SimpleTuition is a developer of software to help simplify the college financial aid process. Investors included Atlas Venture and IDG Ventures.

Tuesday, April 11, 2006

Pivot Solutions Raises $8,000,000 in Series B Round - Boston, MA

Pivot Solutions is a developer of an instant-messaging trading and research platform for financial services firms. Investors include Softbank Capital Partners (Lead), Boldcap Ventures, Draper Fisher Jurvetson Gotham, Hudson Ventures, Wasatch Venture Fund.

Red Hat Signs Definitive Agreement to Acquire JBoss

Red Hat (NASDAQ: RHAT), the world's leading provider of open source solutions to the enterprise, today announced that it has entered into a definitive agreement to acquire JBoss, the global leader in open source middleware. By acquiring JBoss (backed by Matrix), Red Hat expects to accelerate the shift to service-oriented architectures (SOA), by enabling the next generation of web-enabled applications running on a low-cost, open source platform.

Monday, April 10, 2006

Tenebril Raises $3,030,000 in Series B Round - Boston, MA

Tenebril is a provider of anti-spyware and other privacy, blocking, performance, and security solutions for consumers and businesses. Sierra Ventures led the round.

Emptoris and diCarta merge - Burlington, MA

Burlington-based Emptoris has merged with diCarta Inc., a Calif.-based provider of enterprise contract management software, following a two and a half year partnership. Financial details of the deal were not disclosed.

SiteAdvisor Acquired by McAfee - Boston, MA

SiteAdvisor, a privately held, Boston-based provider of Internet consumer security software, has been acquired by McAfee, a large provider of Internet security software. Financial terms of the deal were not disclosed. Founded in 2005 by a group of MIT engineers, SiteAdvisor offers software that provides visual safety ratings on web sites to help protect users from a range of security threats and nuisances, including adware, spam, viruses, and online scams.

Tuesday, April 04, 2006

Eons Raises $10 Million in First Round - Charlestown, MA

Eons Inc., a Charlestown-based media company targeting the over-50 age market, has raised $10 million in its first round of venture capital, led by General Catalyst Partners and Sequoia Capital,Private Equity Week reported, citing a regulatory filing. Eons was founded by Jeff Tayler, the founder of Maynard-based online employee recruiting Last year, when Taylor departed Monster, the company signed an agreement to provide $300,000 in convertible debt to Eons, plus options to acquire a total of 16.5% of Eons for up to $20 million.