Wednesday, October 31, 2007

Kronos Acquires Newton-based Deploy Solutions Inc. - Chelmsford, MA

Kronos, a Chelmsford-based provider of workforce management software, has acquired Deploy Solutions, a privately held, Newton-based provider of selection and hiring software. Founded in 1997, Deploy offers its hiring support software as an online service. Terms of the acquisition deal were not disclosed. Former Deploy employees have joined Kronos' Talent Management Division, a unit of the company that was created with its 2006 acquisition of Unicru. The Talent Management Division is led by Peter George, CTO of Kronos.

Tuesday, October 30, 2007

Dataupia raises $16M in VC funding - Cambridge, MA

Dataupia, a Cambridge-based provider of data storage and access technology, has raised $16 million in its second round of venture capital, PE Week Wire reported on Tuesday, citing a regulatory filing. Investors in the deal include Fairhaven Capital Partners, Polaris Venture Partners and Valhalla Partners. Dataupia was founded in 2005.

OwnerIQ Raises $2 Million in First Round - Newton, MA

OwnerIQ, the Newton-based operator of a network of consumer "self-support" web sites for common household product categories, has raised $2 million in its first round of venture capital. Investors in the deal include Atlas Venture, CommonAngels and the Massachusetts Technology Development Corp. OwnerIQ Network helps people find user manuals and other self-support information for a range of consumer products. In doing so, the company offers manufacturers and brand advertisers direct access to likely purchasers.

Monday, October 29, 2007

EveryScape receives funding - Waltham, MA

EveryScape, a Waltham-based developer of interactive, local search using 3D mapping and digital photography, on Monday announced the launch of "The Real World Online," which allows users to explore recreations of cities created using stitched-together digital photos. Initially, EveryScape offers recreations of New York, Boston, Miami and Aspen, Colo. The company's service lets users explore city landmarks, travel any street, find businesses by category or name, and look up any location, with links to complementary sites like Yelp, Flickr, YouTube, Wikipedia and Yahoo Local.

EveryScape said it has received venture capital from Draper Fisher Jurvetson, Draper Fisher New England, Draper Atlantic and Launchpad Venture Group.

Dace Ventures Raises $70 Million for First Fund - Waltham, MA

Dace Ventures, a new, Waltham-based, venture capital firm focusing on early-stage, Internet-related businesses, on Monday announced that it has raised $70 million for its first investment fund. Dace was founded by Dave Andonian, the former president and COO of CMGI. The new fund has made five investments already, including auctionPAL (consumer marketing); CityVoter (consumer marketing); LocaModa (mobile services); and, Panraven (digital media). Dace plans to increase its first fund's portfolio to between 12 and 15 investments.

Saturday, October 27, 2007

Accenture acquired Gestalt - King of Prussia, PA

Accenture (NYSE:ACN), a global management consulting, technology services and outsourcing company, has agreed to acquire Gestalt, a leading provider of mission-critical command and control (C2); modeling, simulation and training and energy management solutions.

Go2 to Merge with 80108 Media - Boston, MA

Go2, a provider of a mobile search and directory solution focused on a personal, hyper-local content experience for mobile subscribers, has merged with 80108 Media, a provider of localized mobile content, to form Go2 Media.

Thursday, October 25, 2007

General Catalyst Raises $714.2 Million for Fifth Investment Fund - Cambridge, MA

General Catalyst Group, a Cambridge-based venture capital firm, has raised $714.2 million for its fifth investment fund, Mass High Tech reported, citing a regulatory filing. Founded in 2000, General Catalyst focuses on technology-based companies. The firm has a total of $1.7 billion under management.

Monday, October 22, 2007

Collective Media Raises Series A Round - New York, NY

Collective Media is a provider of an online advertising network specializing in audience targeting and optimization solutions to increase relevancy and yield for both publishers and advertisers. Investors include Greycroft Partners.

Tumblr Raises $750,000 in Series A - New York, NY

Tumblr is a provider of an online "scrapbook" site. Investors include Spark Capital, Union Square Ventures.

Bit9 Raises $10 Million in Third Round - Cambridge, MA

Bit9, a Cambridge-based provider of application control and device control technology, has raised $10 million in its third round of venture capital, led by .406 Ventures. Bit9's "whitelisting" technology prevents malicious software and data "leakage" by centrally controlling which applications and devices can and cannot operate. This latest investment, which also includes participation from Kleiner, Perkins Caufield & Byers, Atlas Venture, and Highland Capital Partners, brings Bit9's venture funding to date to $25.8 million.

Thursday, October 11, 2007

Circles Inc. Acquired by Sodexho - Boston, MA

Circles, a Boston-based provider of customer relationship and marketing technology and services, has agreed to be acquired for an undisclosed price by Sodexho, a Paris-based, international provider of food and facilities services. "Sodexho identified Circles, with our unique capabilities, dominant market position and incredible team of 750 plus employees, as their desired strategic partner, and we could not be more pleased," says Kathy Sherbrooke, president and co-rounder of Circles. Following the deal's closing, Circles will operate as a free-standing subsidiary of Sodexho, and Sherbrooke will serve as its CEO.

Wednesday, October 10, 2007

Octavian Raises $10 Million in Second Round - Boston, MA

Octavian, a Boston-based provider of investment management software, on Wednesday announced that it has raised $10 million in its second round of venture capital, led by Vertex Venture Capital. Founded in 2004, Octavian develops software for the wealth and investment management industries. Its applications include fee billing and revenue management, data aggregation and enterprise reporting, and workflow management products. Raises $1.5M - NY, NY, a Web service for sharing and exploring information about neighborhoods, has closed a $1.5 million round of funding to develop the site's community features, expand its outreach to traditional media partners and launch a targeted advertising platform.

StyleFeeder Raises $1,000,000 in Additional Financing - Cambridge, MA

StyleFeeder is a provider of a widget for sharing online shopping-related links with a large group of users by the use of visual bookmarks. Investors include Highland Capital Partners, Schooner Capital.

E Ink Raises $16,000,000 in Series B Financing - Cambridge, MA

E Ink is a provider of a display technology that utilizes "electronic ink". Investors include FA Technology Ventures, Hearst Corporation, Intel Capital, Motorola Ventures.

Tuesday, October 09, 2007

AT&T acquires Interwise - Cambridge, MA

AT&T announced it had reached an agreement to acquire Cambridge, MA-based Interwise for roughly $121 million in cash. Interwise offers voice, Web, and video conferencing services on a fixed price/unlimited usage basis. The deal is slated to close in the fourth quarter.

Wednesday, October 03, 2007

Idiom Technologies Raises $8 Million Funding Round - Waltham, MA

Idiom Technologies, a Waltham-based supplier of globalization management software, has raised $8 million in a round of venture capital from existing investors with the company. Idiom said that it will use the funding "to continue its record sales growth in the translation and localization industry." Idiom was founded in 1998. Its investors include Bank of America, Eastman, Greylock Partners, Oracle, Globespan Capital Partners, and North Bridge Venture Partners.

Constant Contact Raises $107.2M in IPO, Share Price Surges - Waltham, MA

Constant Contact, a Waltham-based provider of email marketing technology for small businesses, nonprofits, and associations, on Tuesday evening priced its initial public offering of stock to raise $107 million. The pricing was above the offering's expected price range of between $12 and $14. Constant Contact's share price surged on Wednesday, its first day of public trading -- up $12.35 at $28.35 in the early afternoon, a gain of 77%.

Tuesday, October 02, 2007

Intel Capital Invests in Natick's Punchbowl Software - Natick, MA

Punchbowl Software, a Natick-based provider of online event planning services, on Tuesday announced that it has raised an undisclosed amount of seed capital from Intel Capital and Portsmouth-based eCoast Angels. Punchbowl launched its event-planning website,, earlier this year. The site's applications provide coordination and logistics for every stage of event planning. It can be used to plan holiday parties, "life milestone" events, and birthday parties. Matt Douglas, one of Punchbowl's two founders, was previously in senior management positions at Bose Corp. and Adobe Systems. Sean Conta, the other founder, has held positions at Zildjian Cymbals and Innoveer Solutions.

Monday, October 01, 2007

Virtual Ubiquity to be Acquired by Adobe Systems - Waltham, MA

Virtual Ubiquity, the Waltham-based developer of an online word processing application, has agreed to be acquired by Adobe Systems, a Chicago-based software company. Virtual Ubiquity's application, named Buzzword, allows individuals to work together to create documents. Terms of the acquisition, which is expected to close by the end of November, were not disclosed. Virtual Ubiquity is a privately held firm.

Interwise to be Acquired by AT&T for $121 Million - Cambridge, MA

Interwise, a privately held, Cambridge-based provider of voice, web and video conferencing services to businesses, has agreed to be acquired by AT&T for $121 million in cash. Interwise offers on-premise and fully hosted conferencing. The company employs about 150 people and operates in the U.S., Europe and Asia with offices in six countries. Interwise was founded in 1994.

Authoria Raises $22.5 Million in Venture Debt, Equity - Waltham, MA

Authoria, a Waltham-based provider of talent management software, has raised a new round of debt and equity funding totaling $22.5 million. New investors in the company include Horizon Technology Finance and Velocity Financial Group. Authoria announced on Friday that it increased total bookings by 40% in the first half of 2007 compared to the first half of 2006, and increased total units sold by 70%.