Thursday, March 29, 2007

NeoSaej Raises $500,000 in First Round - Burlington, MA

NeoSaej, a Burlington-based startup that is developing e-commerce software, has raised $500,000 in its first round of venture capital, which is planned for a total of $1 million, PE Week Wire reported on Thursday, citing a regulatory filing. The investment was led by Stata Venture Partners. NeoSaej's software is designed to address the "severe inefficiencies in current online marketplaces, and greatly improves the e-commerce experience for all participants," according to the company's website.

Tuesday, March 27, 2007

LocatePLUS Raises $6 Million in Convertible Debt - Beverly, MA

LocatePLUS, a Beverly-based provider of public information and investigative technology, has raised $6 million in convertible debt. "With this financing we will continue to enhance our infrastructure and move the company forward in a positive manner without placing an immediate burden on our operations," said James Fields, LocatePLUS's acting CFO and interim CEO.

Job Site Banks $13.5M Series A - King of Prussia, PA Inc., a nine-year-old online employment software provider, has accepted its first institutional money, a $13.5 million Series A investment from Safeguard Scientifics Inc.

Monday, March 26, 2007

Oracle to Acquire Somerville-based Tangosol - Somerville, MA

Oracle, the business software giant, announced that it will acquire Tangosol, a Somerville-based maker of data grid software. Financial terms of the deal were not disclosed. Data grid software is designed to increase the performance of applications by providing fast, distributed access to frequently used data, and is most often used in industries such as financial services, telecommunications and travel and logistics. Oracle said that it plans to couple the software with its own products to create an integrated platform for businesses using a new model of transaction processing. The deal is expected to close in April.

MobileLime Merges with Cuesol - Watertown, MA

Watertown's MobileLime has reported the company plans to merge with Boston-based Cuesol Inc., a provider of interactive shopping, marketing and self-service solutions for grocers.

Prepaid Debit-Card Service Payoneer Banks $4M Series A - NYC

Debit-card payment provider Payoneer Inc. secured a $4 million Series A round of financing led by Greylock Partners.

Marathon Technologies Raises $12M Series B - Littleton, MA

Marathon Technologies Corp., a maker of software designed to protect any Microsoft Windows application from downtime caused by failures and other outages, has secured its second round of funding for $12 million from Sierra Ventures in Menlo Park, Calif., and Atlas Venture and Longworth Venture Partners, both of Waltham.

Friday, March 23, 2007

Netezza Files to Raise $100 Million in IPO - Framingham, MA

Netezza, a Framingham-based provider of data warehouse appliances, has filed papers with the Securities and Exchange Commission for an initial public offering to raise an estimated $100 million. The company did not disclose yet an expected share price range for the offering. Founded in 2000, Netezza makes data warehouse appliances for "data-intensive" customers. Since it began shipping our products in 2004, Netezza's revenue has grown from $13 million to $30.9 million in fiscal 2005, $45.5 million in fiscal 2006 and $64.6 million in fiscal 2007, with a loss of $7.9 million in the last year.

Reef Point Raises $25 Million in Funding - Burlington, MA

Reef Point Systems, a Burlington-based provider of mobile communication network technology, has raised $25 million in its second round of venture capital, led by One Equity Partners, the private equity investment arm of JPMorgan Chase. Other investors in the deal include American Capital Strategies and Jerusalem Venture Partners. Reef Point's makes "fixed-mobile convergence" (FMC) gateway appliances that are designed to give service providers flexibility in building new services for their mobile customers.

Kronos OKs plan to be taken private in $1.8B sale - Chelmsford, MA

Kronos Inc. reports it has inked a definitive agreement to be acquired by the private equity firm Hellman & Friedman LLC for approximately $1.8 billion in cash.

Thursday, March 22, 2007

Tabblo to be Acquired by HP - Cambridge, MA

Tabblo, a privately held, Cambridge-based developer of web-based software, has agreed to be acquired by HP, the Palo Alto-based information technology giant, for an undisclosed price. Tabblo's technology allows people to arrange and print text, graphics and photos from the web. HP said that it plans to make Tabblo's products broadly available by working with other companies to integrate the technology into their websites. Tabblo was founded in 2005.

Wednesday, March 21, 2007

PanGo to Merge with InnerWireless - Framingham, MA

PanGo Networks, a Framingham-based provider of asset tracking and radio frequency identification (RFID) technology, has agreed to merge with InnerWireless, a Texas-based provider of technology for wireless tracking of people and assets inside large commercial, healthcare and government buildings. Financial terms between the two privately held firms were not disclosed. In connection with the deal, PanGo said that its investor group has joined InnerWireless' existing investors in follow-on funding.

CLK Design Automation Raises Second Round, Littleton, M

CLK Design Automation is a developer of advanced software solutions for the EDA marketplace. Investors include Atlas Venture (Lead), Morgenthaler.

Cellufun Raises $3,000,000 in Series A Financing - New York, New York

Cellufun is a provider of a free-mobile gaming community. Investors include Longworth Venture Partners.

Thursday, March 15, 2007

Pitney Bowes to Acquire MapInfo for $408 Million - Stamford, CT

Pitney Bowes, the Stamford-based provider of mail automation and document management technology, has entered into an agreement to acquire MapInfo, a Troy, N.Y.-based provider of "location intelligence" technology, for $408 million in cash. Businesses use MapInfo's technology for a variety of purposes including site selection, risk analysis, marketing, customer services, sales territory alignment and routing. In the public sector, government agencies use MapInfo for crime analysis, asset management, emergency preparedness and response. The company's customers include British Telecom, MasterCard, and The Home Depot, among others.

MovingHealth Raises $1.5 Million in Seed Round - Cambridge, MA

MovingHealth, a Cambridge-based startup that is planning to provide online consumer health information, has raised $1.5 million in a seed investment round led by General Catalyst Partners, according to a report by Private Equity Week on Thursday. Jack Barrette, previously the pharma category development officer for Yahoo, founded MovingHealth, according to a report in Medical Marketing & Media. Barrette told the news service that the company is developing rich media, video, user-generated content and social search applications for MovingHealth.

Wednesday, March 14, 2007

FreedomPay Secures $6 Million In Series D Investment - Wayne, PA

FreedomPay announced that it has secured a fourth round of funding, totaling $6 million in new investment.The company has developed a cashless payment system that allows retail store owners to let their customer pay by just waving a Freedom Pay card over a reader, thereby reducing line wait time by up to 65% over cash payment processing.The round was led by Core Capital Partners, and included participation by Goldman Sachs and BlueRun Ventures.

Fidelity Ventures Increases Fourth Fund to $400 Million - Boston, MA

Fidelity Ventures, a Boston-based venture capital firm, announced on Tuesday that it has increased its fourth investment fund to $400 million from $250 million. In addition, the company has named Roger Hurwitz as a partner. Hurwitz previously served as a partner at Apax Partners, where he focused on investing in software and technology-enable service businesses. Fidelity said that by increasing its fourth investment fund it now will invest up to $50 million in a single company, but will continue its focus on emerging technology companies that may require investments between $5 million and $20 million.

Monday, March 12, 2007

Commonwealth Capital Ventures Raises $250 Million in Fourth Fund - Waltham, MA

Commonwealth Capital Ventures, a Waltham-based firm, has raised $250 million for its fourth investment fund. Commonwealth said that it will continue to focus on investments in companies operating in the software and services, communications technology, and analytic and diagnostic instrumentation sectors in the Northeast. Initial investments will typically range from $3 million to $5 million, with up to $10 million or more invested per company over multiple rounds, the company said.

Tuesday, March 06, 2007

SpeechCycle Raises $10M For Automated Call Agents - New York, NY

SpeechCycle Inc. has raised a $10 million Series C round of funding for the deployment of its next-generation call center technology.

Eons Raises $22M in Series B round of VC funding - Charlestown, MA

Eons™, the 50-plus media company for loving life on the flipside of 50, today announced $22 million in Series B financing led by Charles River Ventures, with participation from new investors Intel Capital and Humana Inc., as well as existing investors General Catalyst Partners and Sequoia Capital.

Monday, March 05, 2007

HealthEdge Software Raises $3,000,000 in Series A Financing- [Burlington, MA

HealthEdge Software is a developer of claim processing software for the healthcare industry. Investors include Psilos Group (Lead).

Rivulet Communications Raises $18 Million in VC - Portsmouth, NH

Rivulet Communications, a Portsmouth-based developer of quality of service technology for IP networks, has raised $18 million in its second round of venture capital, led by ATA Ventures. Other investors in the deal include Menlo Ventures and Performance Equity Management, based in Greenwich. Founded in 2004, Rivulet offers a hardware-software system for assuring that data is transmitted over IP networks intact and in sequence. Two of the company's largest customers are Sloan-Kettering Cancer Center and the New York University Medical Center. Rivulet, which raised $15 million in its first round of venture capital, currently employs about 50 people.

Friday, March 02, 2007

Visible Measures Inc. Raises $5 Million in First Round - Cambridge, MA

Visible Measures, a Cambridge-based provider of audience measurement technology for Internet video services, has raised $5 million in its first round of venture, Private Equity Week reported on Friday, citing a regulatory filing. The investment was led by General Catalyst Partners. Visible Measures' technology is designed to assist in understanding Internet video audience behavior, improve customer targeting, and increase advertising performance.