ClearForest acquired by Reuters - Waltham, MA

Reuters said it has reached a deal to acquire the outstanding shares of Waltham business-information software maker ClearForest Ltd. The financial terms of the deal were not disclosed. ClearForest develops a tagging platform and analytic software for customers to extract business information from large amounts of text content. The company reported gross assets of $3.8 million in December 2006.

New York-based Reuters plans to retain and continue to work with ClearForest's management team and its employees in the United States and Israel. It also plans to continue to support existing products and customers, company officials said.

http://www.clearforest.com/whatsnew/PRs.asp?year=2007&id=109

TechTarget Sets IPO At 7.7M Shares, $12-$14/Share - Needham, MA

TechTarget Inc. on Friday set the terms of its initial public offering at 7.7 million shares, with an estimated price range between $12 and $14 a share.

http://www.techtarget.com

Ellacoya Raises $13 Million in Venture Capital - Merrimack, NH

Ellacoya Networks, a Merrimack-based provider of carrier-grade broadband service optimization technology, on Thursday announced that it has raised $13 in a round of venture capital. The funding was provided by Ellacoya's syndicate of existing investors, including Atlas Venture, Bell Canada Enterprises Capital, Canaan Partners, Lightspeed Venture Partners and Presidio Venture Partners. Ellacoya's "deep packet inspection" technology is designed to give broadband service providers visibility and control in optimizing Internet services for their subscribers.

http://www.ellacoya.com

EMC's VMWare Subsidiary Files to Raise $100 Million in IPO - Hopkinton, MA

VMWare, a IT management software company that is owned by Hopkinton-based EMC, has filed for its initial public offering of stock to raise an estimated $100 million. Founded in 1998, VMWare offers products that support IT infrastructure optimization, business continuity, software lifecycle management and desktop management. The company was acquired by EMC in 2004. During 2006, the company had $703.9 million in revenue, an 82% increase over our 2005. Its profit in 2006 was $87 million, compared to $67 million in 2005.

http://sec.gov/Archives/edgar/data/1124610/000119312507090409/ds1.htm

VideoIQ Raises $8 Million in First Round - Waltham, MA

VideoIQ, a Waltham-based provider of video surveillance analytics software, has raised $8 million in its first round of venture capital, led by Atlas Venture and Matrix Partners. VideoIQ is a spinout company from GE Security. The company's software is designed to provider better detection accuracy and far fewer false alarms than traditional systems, requiring human response only when "a real event" takes place.

http://www.videoiq.net/

Oracle to Acquire Peabody-Based Lodestar - Peabody, MA

Oracle, the California-based business software giant, said that it will acquire Lodestar, a Peabody-based maker of software designed to manage meter data for the utilities industry. Financial terms of the deal, expected to close in May, were not disclosed. Oracle said that the deal will bolster its offerings for utilities, following the company's recent acquisition of utilities software firm SPL WorldGroup. Lodestar currently has more than 120 clients in the energy industry. Its employees will join Oracle's Utilities Global Business Unit.

http://www.oracle.com/corporate/press/2007_apr/lodestar-acquisition.html

MetaMatrix to be Acquired by Red Hat - Waltham, MA

MetaMatrix, a privately held, Waltham-based provider of data management and integration software, has agreed to be acquired for an undisclosed price by Red Hat, a Raleigh-based provider of open-source software for large organizations. MetaMatrix offers data management and integration software. Founded in 1998, the company has been backed by investment firms such as Allen & Co., Angel Investors, EDBV Management, Gateway Associates, Integral Capital Partners, Kleiner Perkins and Schroder Finance Partners.

http://biz.yahoo.com/bw/070424/20070424005895.html?.v=1

Airvana files for an IPO - Chelmsford, MA

Airvana Inc. has filed a registration statement with the U.S. Securities and Exchange Commission to raise up to $75 million in a proposed initial public offering of its common stock. Airvana, founded in 2000, develops network infrastructure products used by wireless carriers to provide mobile broadband services.

http://www.airvana.com

Bezos Expeditions Acquires Expense Control Software Co. - Conshohocken, PA

Bezos Expeditions, the personal investment vehicle of Amazon.com Inc. chief executive Jeff Bezos, has parlayed its majority stake in software vendor Expensewatch.com into complete ownership with a buyout.

http://www.expensewatch.com

Memento raises $7.5M Third Round of Venture Capital

Corporate securities software maker Memento Inc. has closed a $7.5 million third round of venture capital funding, led by investor .406 Ventures, Bain Capital, and Rock Maple Ventures.

http://www.memento-inc.com/

SoundBite files for a $69M IPO - Burlington, MA

SoundBite Communications Inc., a maker of on-demand automated voice-messaging software and products, has filed a plan to go public.

http://www.soundbite.com

Chockstone to acquire Peppercoin - Waltham, MA

Chockstone, Inc., a provider of customer loyalty marketing programs and stored value solutions, has acquired Peppercoin, a provider of card-based merchant loyalty software, the company said on Monday. Terms of the deal were not disclosed. Peppercoin has, since its launch in 2001, received about $15 million in venture capital funding.

http://www.peppercoin.com

Software Firm Premise Corp. Raises $6.3 Million in First Round - Farmington, CT

Premise Corp., a Farmington-based provider of software for managing hospital operations, has raised $6.3 million in its first round of venture capital, led by Milestone Venture Partners and Inflection Point Ventures. The investment also included participation from Aetna Ventures. Founded in 1993, Premise offers software for managing patient flow and providing business intelligence to hospital managers. The company has about 60 employees. Some of its customers include Yale New Haven Health Systems, The Cleveland Clinic, Massachusetts General Hospital, and UCLA Medical Center.

http://www.premiseusa.com

Exinda Networks Raises $6 Million of Venture Capital - Boston, MA

Exinda Networks, a Boston-based provider of wide area network performance management software, has raised $6 million in a round of venture capital from OpenView Venture Partners, a venture capital investment firm based in Boston. Founded in 2002, Exinda's technology is designed to ensure optimal and consistent application performance over wide area networks and reduce network operating costs. The company has more than 1,000 customers in about 35 countries around the world.

http://www.exinda.com

Sepaton Raises $22,000,000 in Series E - Marlborough, MA

Sepaton is a provider of data protection solutions to medium and large data centers. Investors include HarbourVest Partners (Lead), Jerusalem Venture Partners, Menlo Ventures, Valhalla Partners.

http://www.sepaton.com

Sun Microsystems to buy the assets of SavaJe - Chelmsford, MA

Sun Microsystems Inc. is buying the assets of SavaJe Technologies Inc., a developer of a mobile phone operating system built around Sun's Java technology. The deal ends an eight-year ride that saw SavaJe spin off from Lucent Technologies Inc. in 1999 and raise more than $120 million from a large group of venture investors, including two recapitalizations in 2002 and 2006.

http://www.savaje.com

ChoiceStream Raises $25,790,000 in Financing Round - Cambridge, MA

ChoiceStream, a provider of personalization solutions for online consumer services, search services, e-retailers, and iTV providers, has raised $25,790,000 in venture funding.

http://www.choicestream.com

Enterprise Software Co. Kalido Taps Insiders For $5M - Burlington, MA

Kalido Inc., a provider of data warehousing and management software, has raised a $5 second tranche of its Series C round from insiders.

http://www.kalido.com

InstaMed Raises $5M Through New Strategic Partner - Philadelphia, PA

InstaMed Holdings Inc., a developer of technology for health care and technology transactions, has raised $5 million in common stock funding as part of a new strategic investor relationship, NJTC Venture Fund General Partner and InstaMed board member Jim Gunton said.

http://www.instamed.com

Virtusa files for an IPO - Westborough, MA

Virtusa, an information technology services company that provides consulting, technology implementation and application outsourcing services, plans to raise $92 million with the IPO, according to the SEC filing.

http://www.virtusa.com

BladeLogic Files IPO For $75M In Common Stock - Lexington, MA

BladeLogic Inc., a leading provider of next-generation data center automation software, filed with the Securities and Exchange Commission to raise up to $75 million in an initial public offering.

http://www.bladelogic.com

ExtendMedia Raises $12,000,000 in Series B Round, Newton, MA

ExtendMedia is a provider of a platform enabling the creation, distribution and operation of secure content services across a multitude of networks and devices. Investors include Atlas Venture, TVM Capital, Venrock Associates.

http://www.extendmedia.com

Charles River Ventures Raises $285 Million for New Fund - Waltham, MA

Charles River Ventures (CRV), a Waltham-based venture capital firm, on Monday announced that it has raised $285 million for its latest investment fund, the firm's thirteenth. CRV's current investing activities are focused on software, media, entertainment, communications technology, and data center infrastructure. The firm said it will use its new fund to continue its early-stage investing in these core segments. CRV was founded in 1970.

http://biz.yahoo.com/bw/070402/20070402006006.html?.v=1