Constant Contact Raises $15 Million in Venture Capital - Waltham, MA
Constant Contact, a Waltham-based provide of email marketing technology for small businesses, associations and nonprofits, has raised $15 million in a round of venture capital led by Greylock Partners, which committed $10 million. Other investors in the deal include Commonwealth Capital Ventures, Hudson Ventures, Longworth Venture Partners, and Morgan Stanley Venture Partners. Launched in 1998, Constant Contact helps small businesses and organizations build customer relationships through email communications. The company said that in 2005 it doubled its customer base from 25,000 to 50,000 and saw an 84% increase in revenue. It currently has 65,000 customers.http://www.constantcontact.com/about-constant-contact/press/2006/press_2006_0630.jsp
EMC to buy RSA for $2.1B - Bedford, MA
Data storage giant EMC Corporation of Hopkinton will pay about $2.1 billion to acquire RSA Securtiy of Bedford, one of the world's leading makers of data security software. http://www.rsasecurity.com
AppLabs receives $10M from Sequoia - Philadelphia, PA
AppLabs Technologies, one of the fastest growing software testing companies in the world, announced that it has received commitment for an additional US$ 10 M investment from Sequoia Capital India. http://www.applabs.com
DayLight Forensic raises $30M - New York, NY
Backed by $30 million from FTVentures, two former partners in KPMG LLC's forensic practice have formed a consultancy that should strike fear into the hearts of white-collar criminals. http://www.daylightforensic.com
Progress Software Acquires Pantero - Waltham, MA
Progress Software has completed its acquisition of Pantero Corporation, a leading provider of semantic data integration software for Service Oriented Architectures. Pantero’s software is the first metadata-driven solution to go beyond simple data management to address the challenge of managing the business integrity of data shared among applications. http://www.pantero.com
V.i. Laboratories raises first round of funding - Waltham, MA
V.i. Laboratories announced today it has secured first-round funding, led by Rockford Capital. The funding will be used to build a core team and market the company's innovative application security technology.http://www.vilabs.com
Guidester Raises $3M - New York, NY
Guidester Inc., a developer of decision-making software for online shoppers, disclosed that it raised $3 million in Series B financing in its first institutional round. http://www.guidester.com
KickApps Raises $6M Series A - New York, NY
KickApps Corp., which is quietly developing hosted applications for enterprise Web sites, has raised $6 million in a first round of financing. http://www.kickapps.com/
Envio Networks Raises $7 Million in First Round - Foxboro, MA
Envio Networks, a developer of wireless messaging and content management technology, has raised $7 million in its first round of venture capital, according to a report by Private Equity Week. Envio has not yet publicized details on its technology or business plan. http://www.envionetworks.com
Dataupia Raises $15 Million in First Round - Somerville, MA
Dataupia, a provider of data management technology, has raised $15 million in its first round of venture capital. Investors in the deal include Polaris Venture Partners and Valhalla Partners, Private Equity Week reported on Wednesday, citing a related regulatory filing. Dataupia is developing products based on architecture that takes advantage of "best-of-breed" processor, network, and software technologies to deliver high performance systems for high volume data industries.http://www.dataupia.com
IntelliReach acquired by Infocrossing - Dedham, MA
IntelliReach, a privately held, provider of software that supports messaging systems, has been acquired by Infocrossing, a Leonia, New Jersey-based provider of IT outsourcing. Financial terms of the deal were not disclosed. IntelliReach was founded in 1998 and has approximately 1,200 customers. The company raised $7 million in its first round of venture capital in 2004, led by M/C Venture Partners.http://www.intellireach.com/
EMC Acquires Software Firm ProActivity - Newton, MA
EMC has acquired ProActivity, a privately held, Newton-based provider of content management software. Financial terms of the deal were not disclosed. EMC said that ProActivity will be integrated immediately into EMC's Software Group. Proactivity's R&D operations in Israel will form a foundation of EMC's R&D operations in that country, along with EMC's other Israel-based acquisitions, Kashya and nLayers.http://www.proactivityinc.com
Symphony Services acquires WMOPlus - Waltham, MA
Symphony Services, a global provider of collaborative, global outsourcing solutions for the commercial-grade software and embedded product engineering lifecycle and analytics, today announced it has acquired VMOplus, a consulting company that focuses on helping organizations develop and optimize their global and distributed programs.http://www.symphonysv.com/newsroom/pop_press_releases.asp?id=41
HubSpot Raises $500,000 in Seed Round - Cambridge, MA
HubSpot, a Cambridge-based software company, has raised $500,000 in seed capital from a group of private investors, the company disclosed on Wednesday. Founded in 2005, HubSpot offers small companies a totally integrated suite of business applications, including "a contemporary website," customer relationship management, project management, time tracking, expense tracking and employee collaboration tools. The company was founded by Dharmesh Shah and Brian Halligan while both were graduate students at MIT. http://www.hubspot.com/
Aveksa raises $6M Series A round of funding - Waltham, MA
Aveksa officially launched its business today as a provider of identity-driven, compliance automation software. The company was established to help customers ease the burden of regulatory compliance by enabling them to automate and continually monitor access-related controls that are critical for complying with Sarbanes Oxley, HIPAA, GLBA, Basel II and other security and privacy regulations.
The company also announced that it has closed $6 million in a Series A round of venture funding led by Charles River Ventures and Pequot Ventures. The funds will be used for product development, business development, recruiting and general operations.
http://www.aveksa.com/_Aveksa/web/news_events/press_6-14-06.aspx
New Tilt acquired by Bridgeline - Cambridge, MA
Cambridge software maker New Tilt reports it would be acquired by Woburn's Bridgeline Software Inc. New Tilt is a web application development and internet strategy firm with 15 employees. Bridgeline produces web content management software, web asset management software, learning management systems, and custom web applications.
http://www.newtilt.com/about/news/NewTilt-june1406newsrelease.aspx
Ember receives $12M in VC Funding - Boston, MA
Ember Corporation, a leading ZigBee™ networking company, today announced it closed an additional $12 million in funding from its primary venture capital investors and strategic partners.
Polaris Venture Partners, GrandBanks Capital, RRE Ventures, Vulcan Capital (the investment group of Microsoft’s Paul G. Allen), DFJ ePlanet Ventures, DFJ New England, WestLB Mellon Asset Management (formerly West AM) and strategic partners such as ChevronTexaco Technology Ventures participated in the round. http://www.ember.com/company/press/press-061406.html
PatientKeeper Receives $8M in VC Funding - Newton, MA
PatientKeeper Inc., a company that develops software to assist physicians, has closed an $8 million round of funding. The funding represents an E Round, bringing its total funding to $67.7 million. The private company employs 80. PatientKeeper's applications allow physicians to access their patients' electronic records, write prescriptions, enter charges for services, and send messages to other medical professionals. This round of funding includes a syndicate of health-care venture capital firms including Frazier Healthcare, Mediphase Venture Partners, Mosaix Ventures, New Enterprise Associates, Pacific Venture Group, Saints Capital, and Whitney & Co. http://www.patientkeeper.com
WSO2 receives investment from Intel Capital - Boston, MA
WSO2, a new start-up creating open source platforms for Web services, today launched its premier product, Tungsten, and announced that the company has received an investment from Intel Capital, the venture capital arm of Intel Corporation. Founded by technology pioneers, the WSO2 team is comprised of individuals instrumental in establishing Web services and SOAP standards, and longtime contributors to the Apache open source project. http://www.wso2.com/about/news/wso2-recieves-investment-from-intel-capital/
Socialtext partners with Dan Bricklin on wikiCalc
SocialText Inc. has acquired exclusive rights to distribute WikiCalc, an Internet spreadsheet application being developed by Bay State resident Dan Bricklin, a pioneer of the personal computer spreadsheet. SocialText and Bricklin did not reveal terms of the agreement. http://www.socialtext.com/node/82
BlooBird Studio Raises $1 Million in First Round - Lincoln, MA
BlooBird, the Lincoln-based developer of an online communications and commerce platform, has raised $1 million in its first round of venture capital, led by Flagship Ventures. The deal was reported by Private Equity Week. No further information on BlooBird was immediately available. http://www.flagshipventures.com
Ounce Labs Raises $6 Million in Third Round - Waltham, MA
Ounce Labs, a Waltham-based provider of technology that analyzes software applications for security vulnerabilities, has raised $2 million in its third round of venture capital. Investors in the deal include Greylock, BlueStream Ventures and Commonwealth Capital Ventures, which each invested $2 million in the deal. Ounce Labs raised $16 million in its previous two venture capital rounds. The company was founded in 2002. http://www.ouncelabs.com
Pluris completes a leveraged recapitalization and growth financing - Framingham, MA
Providence Equity Partners completed a leveraged recapitalization and growth financing with Plurisinc, Inc. (“Pluris”), a leading provider of database marketing and consumer segmentation technologies, primarily to the communications and media industries. Pluris’ solutions are utilized by many of the world's largest, most respected cable operators. Providence Equity Partners’ leveraged investment in Pluris recapitalized the firm. Revolution Partners represented Pluris in this transaction. http://www.plurisinc.com
Bullhorn Inc. Raises $1.5 Million in Third Round - Boston, MA
Bullhorn Inc., a Boston-based provider of staffing and recruiting software, has rasied $1.5 million in its third round of venture capital, Private Equity Week reported, citing a regulatory filing. Investors in the deal include GE Pension Trust and Charter Venture Capital. Bullhorn initially launched its software product as an online application in 2001.http://www.bullhorn.com
G8Wave raises $7.5M in Funding - Boston, MA
G8Wave Inc., which helps companies deliver advertising and marketing campaigns to mobile telephones, has reportedly raised $7.5 million in funding. G8Wave was founded in London in 2000 and is now based in Boston. Investors include ITU Ventures of Los Angeles, Private Equity Week reported Tuesday. http://www.g8wave.com
Onyx Software purchased by holding company - Stoneham, MA
In a $92 million transaction, Onyx Software Corp. is being bought out by a holding company backed by Battery Ventures and Thoma Cressey Equity Partners. The company is being acquired by M2M Holdings Inc., which controls Made2Manage Systems Inc. Since 2003, the Indianapolis entities have disclosed $80 million in funding from Battery and Thoma Cressey.
Onyx has a local office in Stoneham, MA, while Battery has offices in Wellesley, Mass., and Thoma Cressey is located in Boston. http://www.onyx.com/newsandevents/pressreleases/M2MAcquisition.asp
Bit9 Raises $9.8 Million in Second Round of Venture Funding - Cambridge, MA
Bit9, Inc., which solves the problem of unwanted software at the endpoint, today announced it has raised $9.8 million in a second round of private venture funding. Kleiner Perkins Caufield & Byers led the round with participation from existing investors Atlas Venture and Highland Capital Partners. In conjunction with the funding, Ted Schlein, partner at Kleiner Perkins Caufield & Byers, will be a Board observer. The new round brings Bit9's venture funding to date to $15.8 million, with an additional $2 million provided by a federal grant from NIST ATP in 2003. http://www.bit9.com/press060606.html
Covergence raises $15M Third Round of Funding - Maynard, MA
Covergence Inc., a maker of session initiation protocol (SIP)-based management platforms, has added $15 million in Series C funding. The new round of funding was led by new investor Globespan Capital Partners and included existing investors Highland Capital Partners and North Bridge Venture Partners. http://www.covergence.com/press.php?id=58
ChoiceStream raises $13.1M Second Round of VC Funding - Cambridge, MA
ChoiceStream Inc., a provider of personalized online content, has received $13.1 million in its second round of venture capital funding, the company said on Thursday. The new round was led by Sutter Hill Ventures in Palo Alto, Calif. The investors from the first round General Catalyst Partners and Sage Hill Partners, both in Cambridge, also participated. ChoiceStream will use the cash to take its personalized content offering into new markets including mobile phones and television. The company currently counts among its content partners AOL and Yahoo. http://www.choicestream.com
WebGen Systems has raised $9,5M in VC funding- Cambridge, MA
WebGen Systems Inc. has secured $9.5 million in funding as it develops software to conserve energy in commercial buildings. Sigma Partners of Boston supplied the backing.
The Cambridge, Mass., firm's software tracks energy consumption on individual devices and meters, then instantaneously analyzes the data to provide reports. http://www.webgensystems.com
GenuOne to be acquired by OpSec Security - Boston, MA
GenuOne Inc. is being acquired by OpSec Security Inc., a unit of Applied Optical Technologies PLC, for $13 million. GenuOne's software is used to help companies spot counterfeits of their products by monitoring use of their trademarks and brands. The Boston firm's customers have included Intel Corp., New Balance Athletic Shoes, and Titleist. http://www.opsecsecurity.com/press/pdf/20060601.pdf
Upromise to be acquired by SLM Corp - Needham, MA
College-savings plan Upromise Inc. is being acquired by SLM Corp., the student-loan company better known as Sallie Mae. The companies did not immediately disclose what Sallie Mae paid for Upromise. The firm is based in Needham, Mass., and employs 250 people. Upromise disclosed $118 million in funding, with backers including Charles River Ventures of Waltham, Mass.; General Atlantic LLC of Greenwich, Conn.; General Catalyst Partners of Cambridge, Mass.; Hellman & Friedman LLC of San Francisco; and Kleiner Perkins Caufield & Byers of Menlo Park, Califhttp://news.upromise.com/news/pressRelease.aspx?news_item_id=152
Oracle to acquire Demantra - Waltham, MA
