Sunday, July 30, 2006

mindSHIFT Technologies Raises $18.4 Million in Third Round - Waltham, MA

mindSHIFT Technologies, a provider of IT management services for small and medium-size businesses, has raised $18.4 million in its third round of venture capital, led by Columbia Capital and Fidelity Ventures. A third, new investor with the company, TD Fund, based in Washington, D.C., also participated in the deal, said Paul Chisholm, CEO of MindShift. With about 170 employees in Waltham, New York, Philadelphia and Washington, MindShift focuses on the legal and professional services industries.

Wednesday, July 26, 2006

HP to acquire Mercury Interactive Corp

HP today announced that it has signed a definitive agreement to purchase Mercury Interactive Corp., a leading IT management software and services company, through a cash tender offer for $52.00 per share, or an enterprise value of approximately $4.5 billion, which is net of existing cash and debt.

Tuesday, July 25, 2006

Motorola to acquire Broadbus Technologies - Boxborough, MA

Motorola, Inc. (NYSE: MOT) today announced that it will acquire privately-held Broadbus Technologies, Inc., a Boxborough, Ma.-based provider of technology solutions for Television On-Demand (TOD®).

Broadbus Technologies’ industry-leading, carrier-class technology solutions enable the distribution of on-demand content to consumers through multiple devices. The company's innovative solid-state server architecture is based on the intelligent configuration and management of dynamic random-access memory (DRAM). As a result, the platform can use less space and power than traditional hard-disk based technology, while providing performance, reliability and scalability improvements for video ingest, streaming, and storage.

Panraven Raises $1.75 Million in Second Round - Cambridge, MA

Panraven, a Cambridge-based provider of online tools for posting pictures and information about personal travel and vacation stories, has raised $1.75 million in its second round of venture capital, Private Equity week reported. Investors in the company include Tim Draper, Manny Fernandez and David Flaschen. Panraven was founded in June 2005. The company also offers hardbound printing services.

Panther Express Raises $6M in First Round of Financing - New York, NY

Panther Express is a provider of a content delivery network (CDN). Investors include Greylock.

Monday, July 24, 2006

Inceptor Acquired by Verizon Directories Corp. - Maynard, MA

Inceptor, a privately held, Maynard-based provider of search marketing technology, has been acquired by Verizon Directories Corp., a subsidiary of Verizon Communications. Financial terms of the deal were not disclosed. Verizon said that the deal enhances its service's efforts to maximize exposure for advertisers who want qualified sales leads.

Wednesday, July 19, 2006

SmartTime acquired by Kronos - Framingham, MA

Kronos Inc., a provider of workforce management software and services, said that it acquired certain assets of workforce optimization company SmartTime Software Inc. in a $2.2 million cash transaction.

InvisibleCRM Raises $1.5 Million in Venture Capital - Boston, MA

InvisibleCRM, a Boston-based provider of desktop applications designed to increase user adoption and productivity of and other customer relationship management (CRM) systems, has raised $1.5 million in a round of venture capital led by MartinsonTrigon and ABRT Ventures. Launched in 2005, InvisibleCRM offers applications for Outlook, Lotus, as well as alerts and business news. The company said it will use the newly raised venture capital to accelerate product development and to improve customer support.

Reflexis Raises $10 Million from Pequot Ventures - Norwood, MA

Reflexis Systems, a Norwood-based provider of management software for retail businesses, has raised $10 million in a round of venture capital led by Pequot Ventures. With offices in London and a large development center in India, Reflexis offers software designed to help retailers synchronize corporate strategy and "store-level action." Its customers include Staples, The Home Depot, Food Lion, Dick's Sporting Goods, B&Q, Circuit City, among others.

Tuesday, July 18, 2006

ShopWiki raises $6.2M - NYC

Web site ShopWiki Inc. has sealed a $6.2 million cash infusion from Generation Partners to carve out a slice of the market for online comparison shopping.

Thursday, July 13, 2006

Radianse Raises $6 Million in Second Round - Lawrence, MA

Radianse, a Lawrence-based provider of tracking technology for hospitals, has raised $6 million in its second round of venture capital, led by National Healthcare Services. Other investors in the deal include HLM Venture Partners, Partech International, Ascension Health Ventures, Kaiser Permanente National Venture Development and Partners Healthcare. Radianse provides hospitals with active-RFID tags, LAN-ready receivers and web-based location analysis software to locate medical equipment, patients and staff.

Wednesday, July 12, 2006

CA Acquires XOSoft - Waltham, MA

CA today continued to extend its storage management portfolio with the acquisition of privately-held XOsoft, Inc., a leading provider of continuous application availability solutions that minimize application downtime and accelerate time to recovery. The acquisition enables CA to offer a complete recovery management solution that allows customers to minimize the risk of data loss, reduce the time spent on backups and expedite recovery of critical business services.

Friday, July 07, 2006

WorkshopLive raises over $3M in funding - Pittsfield, MA

Pittsfield's WorkshopLive Inc. reports it has received $3.25 million in new funding led by Virginia-based GIV Venture Partners. WorkshopLive, which produces personalized music lessons through a broadband Internet connection, said the funding will be used to expand marketing, and to hire additional staff.

Meetinghouse Data is acquired by Cisco - Portsmouth, NH

Telecommunications networking giant Cisco Systems Inc. has agreed to pay $43.7 million in cash for Portsmouth, N.H.-based Meetinghouse Data Communications Inc. The 77-person Meetinghouse provides client-side security software for wireless LANs that allows enterprise customers to restrict network access to only authorized users and/or host devices.