Tuesday, December 26, 2006

HEAVY.com Raises $20 Million - Waltham, MA

Heavy Inc., a New York-based web publisher targeting males between 18 and 34 years old, has raised $20 million in its second round of venture capital from Waltham-based Polaris Venture Partners, which invested $10 million in Heavy's first round, in early 2006. Heavy combines original programming with user-created content. Advertisers on its broadband network include Coors, Nissan, Panasonic, Diesel, Axe, Sony and Nike.


Citrix Systems Acquires Ardence - Waltham, MA

Citrix Systems (Nasdaq:CTXS), a supplier of access infrastructure software and services, announced a definitive agreement to acquire Ardence, a developer of on-demand, software-streaming platforms.


Wednesday, December 20, 2006

Digitas to be acquired by Publicis Groupe - Boston, MA

Interactive advertising agency Digitas Inc. will be acquired by French advertising holding company Publicis Groupe for $1.3 billion in cash, the companies confirmed on Wednesday. Boston-based Digitas' (Nasdaq: DTAS) board of directors have unanimously recommended that its shareholders accept the Publicis Groupe tender offer. According to the deal, Publicis Groupe will pay Digitas Inc. shareholders $13.50 for each Digitas Inc. share.


Monday, December 18, 2006

RemoteReality Raises $7,300,000 in Series A Financing - Westborough, MA

RemoteReality is a provider of custom optics and an image processing, object tracking, and pan-tilt-zoom camera controller software. Investors include Battelle Ventures, Chart Venture Partners, Innovation Valley Partners.


SimpleTuition Raises $7,500,000 in Financing Round - Newton, MA

SimpleTuition is a developer of a software platform designed to compare private and federally backed loans to help people make sense of education financing choices. Investors include Atlas Venture, IDG Ventures Boston, North Hill Ventures.


GlassHouse Technologies Raises $9,000,000 in Series D Round Add-on - Framingham, MA

GlassHouse Technologies is a provider of vendor-independent storage strategy and services including information storage, backup and recovery, and data availability solutions. Investors include GrandBanks Capital, JAFCO Ventures, Kodiak Venture Partners, Paladin Capital Group, Shiprock Capital, Sigma Partners.


Friday, December 15, 2006

Double-Take Software Prices IPO to Raise $82.5 Million - Southborough, MA

Double-Take Software, a Southborough-based provider of software for data protection with Microsoft Windows applications, has priced its initial public offering of stock to raise a total of about $82.5 million. The company priced 7.5 million shares at $11 each. Of the shares sold, Double-Take is selling 5 million shares and investors in the company are selling 2.5 million. Shares in Double-Take were up $1.94 at $12.94 in the final hour of trading on Friday, a gain of about 18%.


Thursday, December 14, 2006

Phreesia Raises $3 Million First Round - Boston, MA

Phreesia, a provider of wireless touch screen devices for conducting patient interviews and delivering healthcare information to patients in doctors' waiting rooms, has raised $3 million in its first round of venture capital. Boston-based HLM Venture Partners led the deal, with participation from Long River Ventures, another Massachusetts-based firm.Phreesia offers its service at no cost to participating physicians.


Wednesday, December 13, 2006

Scanbuy Raises $9,000,000 in Series B Financing - New York, NY

Scanbuy is a developer of technology that provides mobile phones and other wireless devices with the ability to capture, decode, and process barcodes found on products, catalogs, and magazines. Investors included Hudson Ventures, Individuals, Longworth Venture Partners, Masthead Venture Partners.


Monday, December 11, 2006

Carbonite Raises $3.5 Million More in First Round - Boston, MA

Carbonite, a Boston-based provider of Internet-based PC backup services, has raised an additional $3.5 million in its first round of venture capital, led by 3i. Carbonite was founded in 2005 and focuses on providing data backup services for consumers. The latest investment brings the total raised by Carbonite to $6 million. Common Angels, a group of angel investors from the Boston area, also has invested in the company.


Thursday, December 07, 2006

Double-Take Software Plans to Raise Around $77 Million in IPO - Southborough, MA

Double-Take Software, a Southborough-based developer of data protection software, has filed with the Securities and Exchange Commission indicating that it plans to price its planned initial public offering of 7.7 million shares of common stock at between $9 and $11 a share. At the mid-point of that estimated range, the company would raise a total of $77 million. Double-Take was founded as NSI Software in 1991 and changed its name to Double-Take last July. For the nine months ended in September, the company had revenue of about $41.8 million and a profit of $5 million, compared to $28.9 million in revenue and a loss of $1.2 million for the same period last year.


Tuesday, December 05, 2006

BuyerZone to be Acquired by Reed Business Information - Watertown, MA

BuyerZone, a Watertown-based provider of online-generated sales leads, has agreed to be acquired by Reed Business Information, the New York-based publisher of business-to-business information. Terms of the agreement were not disclosed. BuyerZone's online B2B marketplace links prospective buyers to qualified suppliers of more than 125 business product and service categories. Since 2004, the company has facilitated more than $5 billion worth of transactions.


Friday, December 01, 2006

Manhattan Software acquires CenterStone Software - Hopkinton, MA

Manhattan Software, a developer of corporate real estate and facilities management software has acquired CenterStone Software, a provider of Web-based solutions for managing space, moves, assets, leases, operations, and projects.