Thursday, September 28, 2006

Anodyne Health Partners Raises $5.6 Million in Venture Capital - Portland, ME

Anodyne Health Partners, a Portland-based provider of revenue cycle management software for healthcare providers, has raised $5.6 million in a round of venture capital from Brook Venture Partners, Frontier Capital, Brooke Private Equity Advisors and the Small Enterprise Growth Fund. Founded in 2003, Anodyne provides business intelligence software and outsourced billing services to large provider groups and hospital-based physician practices.

NitroSecurity Raises $2 Million in Third Round - Portsmouth, N.H.

NitroSecurity, a Portsmouth-based provider of IT network security technology, has raised $2 million in its third round of venture capital, led by Brookline Venture Partners, Private Equity Week reported on Wednesday, citing a regulatory filing. First Analysis Corp. also invested in the deal. NitroSecurity offers products for intrusion prevention, network flow analysis, and security event management.

Tuesday, September 26, 2006

Sermo Raises $3 Million in First Round of Venture Capital - Cambridge, MA

Sermo, a Cambridge-based online community for physicians, has raised $3 million in its first round of venture capital, led by Longworth Venture Partners. Sermo was founded in 2005 and introduced during a pilot phase in July 2006. The company said that the new funding will support the growth of its system, which allows physicians nationwide to discuss observations and unanswered clinical questions from their daily practice, "challenging or corroborating each other's opinions in order to improve patient care."

Monday, September 25, 2006

Whaleback Systems Raises $7.5 Million in Second Round - Portsmouth, N.H.

Whaleback Systems, a Portsmouth-based of broadband telephony technology, has raised $7.5 million in its second round of venture capital, led by Waltham-based Castile Ventures. Whaleback's technology is "premises-based and software-driven." The company offers all-inclusive, unlimited nationwide calling packages, designed for companies that need between 5 and 1,500 phone stations.

Nexaweb Technologies Raises $10 Million in Second Round - Burlington, MA

Nexaweb Technologies, a Burlington-based provider of tools for developing web applications, has raised $10 million in its second round of venture capital. Investors in the deal include Egan-Managed Capital, Masthead Venture Partners and Velocity Partners. Also, on Monday, Nexaweb named Christian Heidelberger as its CEO. Heidelberger previously served as CEO of ChannelWave Software, a company that raised $63 million of venture capital funding and made several acquisitions prior to its acquisition by Click Commerce in 2005.

Full Capture Solutions Raises $7 Million in Second Round of VCEast Hartford, Conn.

Full Capture Solutions, an East Hartford-based provider of analytics software for the insurance industry, has raised $7 million in its second round of venture capital, led by Greylock Partners and including participation from Ignition Partners. Full Capture Solutions' software is designed to analyze structured data and unstructured text. Its business model is a subscription service that requires no investment in software or infrastructure.

Thursday, September 21, 2006

BrightCove raises $5M in a new round of funding - Cambridge, MA

Cambridge's BrightCove Inc., a developer of an open Internet TV service for video producers and programmers, has secured a new round of growth capital financing worth $5 million. GE - Global Media & Communications, a division of GE Commercial Finance, led the round, which closed on September 1.

BrightCove's previous round of funding, its second, came last November, when it landed $16.2 million from America Online Inc., IAC/InterActiveCorp., Hearst Corp. and Allen & Company LLC. The new round of funding brings the company's total amount raised to $26.2 million.

Wednesday, September 20, 2006

Liquid Machines Raises $7,500,000 in Series C Round - Waltham, MA

Liquid Machines is a provider of enterprise rights management (ERM) solutions. Investors included Goldman, Sachs & Co. (Lead), Atlas Venture, Draper Fisher Jurvetson (DFJ), Masthead Ventures.

Harte-Hanks to Acquire Boston's AberdeenGroup - Boston, MA

AberdeenGroup, a Boston-based technology market research firm, has agreed to be acquired by Harte-Hanks, a Texas-based direct and targeted marketing company, for an undisclosed sum. AberdeenGroup's offices and analysts will remain in Boston, Harte-Hanks has two other locations in eastern Massachusetts. They include Billerica, where Harte-Hanks data quality software and database hosting offerings are sited, and East Bridgewater, which houses print-on-demand and marketing fulfillment capabilities.

BEZ Systems Raises $7.5 Million in Third Round - Boston, MA

BEZ Systems, a provider of application performance management technology, has raised $7.5 million in its third round of venture capital, led by Ascent Venture Partners. Other investors in the deal include Brooke Private Equity Advisors, JMI Equity, the Massachusetts Technology Development Corp. and Velocity Equity Partners. Founded in 1993, BEZ Systems offers software that provides a view of application performance, resource utilization and data usage.

Monday, September 18, 2006

EMC Corp. will acquire Network Intelligence - Westwood, MA

EMC (NYSE:EMC), headquartered in Hopkinton, Mass., said Monday the company has signed an agreement to purchase Westwood, Mass.-based Network Intelligence for $175 million in cash.

Wednesday, September 13, 2006

Signiant Raises $10 Million in Venture Capital - Burlington, MA

Signiant, a Burlington-based provider of distributed data management software, has raised $10 million in a round of venture capital led by North Bridge Venture Partners. Other investors in the deal include Boston Capital Ventures and VIMAC Ventures. Signiant, which has about 350 customers across multiple industries, offers software for remote data protection and media asset distribution.

Tuesday, September 12, 2006

TripConnect Raises $1,000,000 in First Round - New York, NY

TripConnect is a provider of a travel advice Web site incorporating user-generated content and social networking components. Investors include Masthead Venture Partners (Lead), Individuals.

Enure raises $8M First Round - Newton, MA

Home networking startup Enure lands $8M in round oneNewton-based Enure Networks Inc., a maker of home and small home office network installation, configuration and management technologies, has landed its first round of funding, worth $8 million. The Series A round was led by Elron Electronic Industries Ltd., with additional participation from Carmel Ventures.

Friday, September 08, 2006

AimNet Acquired by Cognizant Technology Solutions - Holliston, MA

AimNet, a Holliston-based provider of managed infrastructure and professional services, has been acquired by Cognizant Technology Solutions, a New Jersey-based provider of IT services, for an undisclosed price. Founded in 2000 by former AT&T executives, AimNet is privately held company and has about 100 employees. Cognizant said that the acquisition provides it a "state-of-the-art U.S.-based network operations center, a world-class patent-pending, proprietary infrastructure management software platform, an installed base of over 80 direct and indirect customers and partners, and high-end network and infrastructure consulting capabilities in areas such as network architecture, planning, design and infrastructure security solutions."

Millennial Net Acquired by PHC Holding - Burlington, MA

Millennial Net, a Burlington-based developer of power mesh networking technology, has been acquired for an undisclosed sum by PHC Holding, a Germany-based, privately held company. Millennial Net develops commercial- and industrial-class wireless networking systems for sensing and control applications that allow equipment makers and systems integrators to build wireless sensor products and networks. The company said that it will continue to operate as an independent business. Prior to the acquisition, Millennial was backed by Globespan Capital Partners, General Catalyst Partners, Kodiak Venture Partners and BCE Capital.

OrderMotion raises $8.5M in second round - NYC

OrderMotion, a provider of software for retail businesses, has raised $8.5 million in its second round of venture capital, according to a report in Private Equity Week, which cited a regulatory filing. Founded in 1994, OrderMotion provides outsourced software for planning, coordination, processing and fulfillment of orders for small to medium sized direct commerce companies. The company has operations in New York City, Boston and Toronto.

Course Advisor Raises $12 Million in First Round - Wakefield, MA

Course Advisor, a Wakefield-based provider of online lead generation and marketing software for the postsecondary education market, has raised $12 million investment in its first round of venture capital. The investment was led by ABS Capital Partners and The Washington Post Co. Course Advisor said in a press release on Tuesday that it now has over 1.5 million unique visitors per month, Visitors to Course Advisor's website are able to seek information about colleges, universities and career and professional training. It also offers student profiling, geo-targeting and multi-stage data verification to maximize lead quality for its customers.

Offertrax Raises Funding - Charlemont, MA

Offertrax is a provider of RSS-based shopping applications for merchants and consumers. Investors include The Boston Associates.

Mobixell Networks Raises $8 Million in Round Led by IntelWellesley, MA

Mobixell Networks, a Wellesley-based provider of multimedia and business technology for mobile operators, service and content providers, has raised $8 million in a round of venture capital led by Intel. Founded in 2000, Mobixell offers products that optimize multimedia quality in mobile messaging services. Its products support content distribution, Peer-2-Peer content sharing, mobile advertising, and other applications.

Red Sox's Curt Schilling Founds Massively Multiplayer Game Company - Maynard, MA

Curt Schilling, the Boston Red Sox pitcher, on Friday announced he has founded a new company with Todd McFarlane and R.A. Salvatore, two video game creators, to develop massively multiplayer online games. The new company, called Green Monster Games, is now in pre-production on their premier title and is currently looking for employees.

Monday, September 04, 2006

Transaction Systems Architects to Acquire P&H Solutions - Boston, MA

Transaction Systems Architects (TSA) (Nasdaq: TSAI), a provider of electronic payment transaction solutions, has signed an agreement to acquire P&H Solutions, a provider of Web-based, pre-integrated business banking cash management solutions.