Terascala Raises $3 Million in First Round of VC - Avon, MA
Terascala, an Avon-based developer of Linux cluster architecture, on Wednesday announced that it has secured $3 million in first round funding from Ascent Venture Partners. Terascala was founded in 2005 to develop a Linux cluster system for computing and storage that combines high density and power efficiency. The company said that it will use the capital to accelerate its sales and marketing activities, and to increase its manufacturing capabilities as it continues to ship beta versions of its product.http://www.terascala.com/
Third Screen in Buyout Talks with AOL - Boston, MA
Looking to enter the fast-growing market for advertising on cell phones, Time Warner's AOL subsidiary is negotiating to buy Boston-based mobile advertising startup Third Screen Media, The Wall Street Journal reported. The paper said that the price of the deal would likely be around $80 million. Third Screen, which last year was nearly acquired by Microsoft's MSN unit before talks fell apart, is a developer of technology that can post small ads on cell phone screens. AOL reportedly sees the deal as a chance to add another source of revenue after last year switching to an ad-supported business model. The Journal said that Third Screen currently serves about 350 million ads a month for clients such as Ford Motor Co. and Bank of America.http://www.thirdscreenmedia.com/
iSkoot Raises $7 Million in Second Round of VC- Cambridge, MA
iSkoot, a Cambridge-based provider of mobile Internet communications technology, has raised $7 million in its second round of venture capital, led by Charles River Ventures. Other investors in the deal include investors Khosla Ventures, ZG Ventures, and Jesselson Capital Corp. iSkoot's technology is designed to extend the reach of Internet telephony by allowing users to make and receive calls over the Internet using any mobile phone. http://www.iskoot.com/pressreleases/prnetwork_02.21.07.htm
Entertainment Media Works Raises $4,000,000 in Series B - New York, NY
Entertainment Media Works is a provider of business solutions to all players in the product placement value chain helping to create an interactive marketplace. Investors include Granite Ventures.http://www.entertainmentmediaworks.com/
Cymfony acquired by TNS Media Intelligence - Watertown, MA
TNS Media Intelligence has acquired Cymfony, a market influence analytics company.
TNS MI said the purchase marries Watertown, Mass.-based Cymfony's expertise in tracking and analyzing media with with TNS MI's suite of advertising intelligence products. Cymfony staff will join the TNS Media Intelligence organization, and remain at their current location in Watertown. The new unit will be known as TNS Media Intelligence/Cymfony. http://www.cymfony.com/TNSannouncement.html
Optiant acquires SLIM Technologies - Boston, MA
Optiant, a leading provider of inventory planning and optimization solutions, today announced an agreement to acquire SLIM Technologies, a leading provider of supply chain network design technology solutions. http://www.optiant.com/content/view/188/49/
MediaVast To Sell To Getty Images For $200M - New York, NY
Digital photo agency and wire service MediaVast Inc. wasn't looking for a buyout, but a $200 million purchase agreement from Getty Images Inc. and brand autonomy sealed the deal. http://www.mediavast.com
Narad Raises $10 Million in Venture Capital - Westford, MA
Narad Networks, a Westford-based provider of technology for enhancing the bandwidth of hybrid fiber/coaxial (HFC) cable systems, has raised a fresh $10 million in venture capital. Polaris Venture Partners, Argo Global Capital, Sofinnova and Vertical Group participated in the investment deal, which will include additional closings over the next 90 days, Narad said on Wednesday. CAIW launched the first high-speed wireless service using Narad's technology in 2004. Narad's customers now include Cablevision, Coop City/State of New York and Delta Cable in Canada. The company is in trials and deployments with cable operators worldwide.http://naradnetworks.com/cgi-bin/htmlos.cgi/00478.8.445317147314606368
Valuations of VC-Backed Companies Reach Highest Level Since 2000
U.S. venture-capital backed companies are being valued at the highest level since 2000, according to a report released on Wednesday by Dow Jones VentureOne. The median pre-money valuation -- the values ascribed to businesses prior to funding rounds -- reached $18.5 million in 2006, up from $15.9 million in 2005. In the fourth quarter alone, the figure reached $20 million, up from $11.7 million the prior year. The figures can be largely credited to sharply higher valuations placed on information technology and healthcare companies, which are finding more opportunities to achieve liquidity through IPOs and acquisitions. "In 2006, the U.S. had the strongest exit climate in several years," said Steve Harmston, the director of global research for VentureOne.http://www.ventureone.com/
Mobile Tracking Co. AirClic Raises $12.5M - Newtown, PA
AirClic Inc., a maker of software deployed in rugged mobile phones to help field workers track operations, has closed a $12.5 million round of venture capital financing. http://www.airclic.com
Kodiak Venture Partners Adds Two New Advisory Board Members - Waltham, MA
Kodiak Venture Partners, a seed and early stage venture capital firm, has announced two new additions to its advisory board -- IMlogic founder Francis deSouza and MIT professor Anthony Sinskey. They join existing members Atiq Raza and Mike Volpi on Kodiak's board of advisors. http://www.kodiakvp.com/kodiak/news/
Proficiency Raises Additional $5 Million - Westborough, MA
Proficiency, Inc., a provider of data integration technologies to manufacturers and suppliers, has raised an additional $5 million in funding from its current investors, Carmel Ventures and Pitango Venture Capital. Proficiency provides data integration technology for the automotive, defense and heavy machinery industries. To accelerate growth, the company said it will form various international partnerships with engineering companies.http://www.proficiency.com/news/press_releases/pr_022007_financing.htm
Everday Wireless Raises $6,850,000 in Series A - Concord, MA
Everyday Wireless is a provider of GPS-based school bus and student tracking solutions to the pupil transportation industry. Investors include: Flagship Ventures (Lead).http://www.everydaywireless.com
Black Duck Software Closes on $12 Million in Third Round - Waltham, MA
Black Duck Software, a provider of compliance software, announced on Wednesday that it has closed $12 million in a third round of financing led by Focus Ventures. The company has now raised a total of $29 million. Previous investors in the company -- including Fidelity Ventures, Flagship Ventures, General Catalyst Partners, Intel Capital and SAP Ventures -- also participated in the round. Black Duck said it will use the funds to continue to build its product portfolio and to strengthen international distribution.http://www.blackducksoftware.com/news/releases/2_13_07.html
EnerNOC Files For $100 Million IPO - Boston, MA
Boston-based EnerNOC, a provider of technology used to optimize the balance of electric supply and demand, has filed papers with the SEC for a proposed initial public offering (IPO) of its stock. According to the filing, the company hopes to raise up to $100 million through the public offering. The underwriters of the offering are led by Credit Suisse Securities and Morgan Stanley. The company proposes to trade on the Nasdaq under the ticker symbol "ENOC."http://www.enernoc.com/news/pr/pr_070213.htm
StreamBase Raises Investment from CIA-backed Fund - Lexington, MA
StreamBase Systems, a Lexington-based provider of software for data processing applications, on Monday announced that it has received an investment of undisclosed amount from In-Q-Tel, a venture capital fund operated by the U.S. Central Intelligence Agency. StreamBase was founded in 2003. The company's software helps organizations query, process, and analyze data at rates of up to hundreds of thousands messages per second. The company focuses on the federal government, military and RFID/sensor industries. Other investors in the company include Accel Partners, Bessemer Venture Partners, and Highland Capital Partners.http://www.streambase.com/pr/20070212inqtel.php
Vertica Raises $16.5 Million in Second Round - Andover, MA
Vertica, an Andover based developer of database management technology, has raised $16.5 million in its second round of venture capital, Private Equity Week reported, citing a regulatory filing. The investment was led by Kleiner Perkins Caufield & Byers, and included participation from return investors Bessemer Venture Partners and Highland Capital Partners. Vertica was founded in 2005. The company's first product is still in beta-testing stage.http://www.vertica.com
Tacoda Raises $7,000,000 in Series D Financing - New York, NY
Tacoda is a provider of behaviorally-targeted online advertising services. Investors include Hanseatic Americas LDC, Masthead Venture Partners, Rho Ventures, Union Square Ventures.http://www.tacoda.com
Hitachi Data Systems to Acquire Archivas - Waltham, MA
Hitachi Data Systems, the data storage unit of Japanese consumer electronics giant Hitachi, said on Tuesday that it will acquire Archivas, a Massachusetts-based developer of digital archiving technology. Financial terms of the deal were not disclosed. Hitachi Data Systems said that the acquisition builds on a product development and distribution deal that it signed with Archivas last year. Under that agreement, the company developed an archiving platform built on Archivas' technology.http://www.hds.com/press_room/press_releases/2007/gl070206.html
Keane to be bought for $854M by Caritor - Boston, MA
Boston's Keane Inc. reports reaching an agreement to sell the information technology consulting firm to California-based Caritor Inc. for $854 million. http://www.keane.com
Teliris Raises $40,000,000 in Financing Round - New York, NY
Teliris is a provider of telepresence solutions. Investors include Columbia Capital, Fidelity Ventures.http://www.teliris.com
PatientsLikeMe Takes In $5M Series A - Cambridge, MA
Trigence Raises $8M Series B For App Virtualization - Jersey City, NJ
Trigence Corp., a Jersey City, N.J.-based provider of application virtualization software, has raised $8 million in Series B financing from three Canadian venture capital firms. http://www.trigence.com
Photo Sales Site Digital Railroad Raises $10M - New York, NY
Seeing a need to capitalize on the digital revolution of photography, professional photographer Evan Nisselson started Digital Railroad and has attracted more than $15 million in venture backing. http://www.digitalrailroad.net
Document Sciences Corp. reports acquiring CambridgeDocs, a document transformation company - Cambridge, MA
California-based Document Sciences Corp. reports acquiring CambridgeDocs, a document transformation company with based in Cambridge. Financial terms of the deal were not disclosed. CambridgeDocs CEO and CTO Rizwan Virk will join Document Sciences as chief technologist for XML publishing, and other CambridgeDocs employees will be joining Document Sciences, according to officials. The privately held CambridgeDocs, an MIT startup, was founded in 2002. CambridgeDocs is the developer of xDoc, which converts Microsoft Word, HTML, Adobe PDF, and Adobe FrameMaker files into XML formats. http://www.docscience.com/news/prelease.asp?id=187
Exit41 Enters Into $7M In New Funding - Andover, MA
Exit41 announced the receipt of $7 million in new funding from existing investors Fidelity Investments, Humphrey Enterprises and Thomas Weisel Venture Partners. Exit41 makes a remote ordering system for franchise quick service restaurants (QSRs) that speeds up the customer throughput, order accuracy and customer satisfaction, thereby increasing store operator profits. The company intends to use the investment proceeds to accelerate its expansion into new geographical territories.http://www.exit41.com
Gigaspaces Technologies Takes In $5M Series C - New York, NY
Grid computing company GigaSpaces Technologies Ltd. has raised a $5 million Series C round of funding to help the company expand its products into the Asian-Pacific market. http://www.gigaspaces.com
n2N Commerce receives $30M in VC funding - Cambridge, MA
Conglomerate Limited Brands Inc. has teamed up with venture firm General Catalyst Partners to invest $30 million in n2N Commerce Inc., a company that provides a technology platform designed for large multi-channel retailers. http://www.n2ncommerce.com
Serious Gets $14M New Investment - New York, NY
Serious.com announced the closing of a round of new investment, garnering $14 million from Greenhill SAVP and North Hill Ventures. Serious.com describes itself as "a privately held provider of digital publishing and marketing services." The company primarily sells stored-value cards, direct mail services and promotional marketing. http://www.serious.com
