Aternity Raises $5 Million in Second Round - Westborough, MA
Aternity, a Westborough-based supplier of application management software, has raised $5 million in its second round of venture capital, led by Intel Capital. Other investors in the deal include Vertex Venture Capital, Genesis Partners, Clal Industries and Investments, and Portview Communications Partners. Founded in 2004, Aternity offers software that monitors network user groups to detect and report the performance of key business applications. The company has R&D operations in Israel.http://www.aternity.com/events/news.php
Envista Confirms $5 Million First Round of VC - Beverly, MA
Envista, a Beverly-based provider of asset management technology for "built infrastructure," announced on Tuesday that it has secured $5 million in its first round of venture capital. Investors in the deal include Borealis Ventures, Egan-Managed Capital and Point Judith Capital. Founded earlier this year, Envista offers software designed for utilities, government institutions, defense agencies, and other companies who build, manage, or maintain infrastructure.http://www.envistasoftware.com
ChosenSecurity Raises $8.5 Million in First Round - Needham, MA
ChosenSecurity, a Needham-based provider of identity verification and security technology, has raised $8.5 million in its first round of venture capital, led by .406 Ventures. ChosenSecurity was formed as a spin-off from GeoTrust prior to the company's acquisition in 2006 by VeriSign. Castile Ventures and Prism VentureWorks, both prior investors in GeoTrust, also participated in this investment round for ChosenSecurity, which said that the funding will allow it "to rapidly build its sales and marketing operations in the U.S. and Europe."http://www.chosensecurity.com/
Greentech Media Raises $1,000,000 in Series A Round - Cambridge, MA
Greentech Media is a provider of media, market research and events related to the cleantech industry. Investors include Angel Investors, Lightspeed Venture Partners, Northport Private Equity.http://www.greentechmedia.com
Envista raises first round of venture capital - Beverly, MA
Envista, a Beverly-based, startup provider of software for managing business infrastructure assets, has raised $5.8 million in its first round of venture capital, according to a report in PE Week Wire on Tuesday. Investors in the company include Borealis Ventures, Egan-Managed Capital and Point Judith Capital. Envista formerly announced its launch last week. The company develops software for the strategic and financial management of built infrastructure assets, designed for utilities, government institutions, defense agencies, and other companies that build, manage, or maintain infrastructure.http://www.envistasoftware.com/page147.html
Metatomix Raises $7 Million in Second Round - Waltham, MA
Metatomix, a Waltham-based provider of software for the financial services, law enforcement, manufacturing and life sciences industries, has raised $7 million in its second round of venture capital, led by Apex Venture Partners, Battelle Ventures, Dunrath Capital and North Hill Ventures. Other investors in the deal include Velocity Equity Partners and Equity Resources Group. Founded in 2000, Metatomix said that it will use the new funds to accelerate expansion of its Semantic Middleware products.http://www.metatomix.com
Saylent Technologies Raises First Round of VC - Franklin, MA
Saylent Technologies, a Franklin-based provider of debit card portfolio management software, on Tuesday announced that it has raised its first round of venture capital, led by the Venture Capital Fund of New England. The company did not disclose how much capital it raised in the deal, which also includes funds from SEED Venture Finance. Saylent Technologies provides debit card management technology for the banking, credit union and payment industries. Its technology tracks usage, manages campaigns, calculates interchange, analyzes profitability, generates profitability metrics and manages back-office administration of reward programs.http://www.saylent.com
Upstream acquired by CheckFree for $28M - Boston, MA
Atlanta-based CheckFree Corp. has reached an agreement to acquire Boston software maker Upstream Technologies LLC for $28 million, according to CheckFree officials. http://www.upstream.net
Starent Networks Sets IPO Share Price Range - Tewksbury, MA
Starent Networks, a Tewksbury-based provider of hardware and software products used by mobile communication operators, has filed with the Securities and Exchange Commission, indicating that it plans to price its upcoming initial public offering of 9 million common shares at between $9 and $11 per share. That would equal $99 million total at the top end of the range. Founded in August 2000, Starent's products have been deployed by over 60 mobile operators in 25 countries. The company had revenue of $94 million and a profit of about $3.6 million in 2006. Some investors in the company include Matrix Partners, North Bridge Venture Partners and Highland Capital Partners.http://sec.gov/Archives/edgar/data/1391672/000104746907004432/0001047469-07-004432-index.htm
C9 Media Raises $750,000 in Seed Capital - Boston, MA
C9 Media, a Boston-based producer and distributor of interactive TV program content, has raised a $750,000 in seed financing from Dragonvest Partners, a China-based investment firm. The funding will be used to launch the company's interactive new media TV service across China, an announcement from C9 on Monday said. The company was founded in January. Its business model generates revenue from the fixed line and mobile telecommunications services associated with its interactive TV programs, and shares revenue with its TV channel and other partners.http://www.broadcastnewsroom.com/articles/viewarticle.jsp?id=141957
Acai Solutions Raises Financing - New York, NY
Acai Solutions is a provider of consulting services for the capital markets industry. Round of funding led by True Ventures.http://www.acaisolutions.com
TechTarget Raises $100 Million in IPO - Needham, MA
TechTarget, a Needham-based provider of specialized online content, has priced its initial public offering of stock to raise a total of about $100 million. The company sold 7.7 million common shares priced at $13 per share. Founded in 1999, TechTarget provides IT vendors with a way to reach corporate IT decision makers who are actively researching specific IT purchases. The company operates a network of 35 websites, each of which focuses on a specific IT sector, such as storage, security or networking. The company's advertisers in 2006 included Cisco, Dell, EMC, Hewlett Packard, IBM, Intel, Microsoft, Oracle, Research in Motion, SAP and Symantec. TechTarget had revenue of $55.9 million and a profit of $4.4 million for the nine months ended September 2006. http://sec.gov/Archives/edgar/data/1293282/
uLocate Raises $11 Million in Venture Capital Financing - Framingham, MA
uLocate Communications, a Framingham-based provider of location-enabled mobile communication applications, has raised $11 million in a round of venture capital, led by Venrock. Other investors in the deal include GrandBanks Capital and Kodiak Venture Partners. uLocate's service allows subscribers to identify their precise location using their cell phone, find out retailers and service providers that are nearby, and share their location with "trusted others."http://ulocate.com/5-16-07.php
Salary.com Acquires Software Firm ICR for $10 Million - Waltham, MA
Salary.com, a Waltham-based provider of compensation management software, has acquired ICR, a Hopkinton-based provider of specialty consumer goods and global technology compensation data and software. The deal is priced at $10 million in cash. ICR's three founders -- Joe Duggan, John Cunnell and Roger Sturtevant -- and ICR staff's will become employees of Salary.com. ICR was founded in 1995.http://www.salary.comhttp://www.icrltd.com
Great Hill Partners Invests $60 Million in SMART, Devon, PA
Great Hill Partners, a Boston-based investment firm, has invested $60 million of venture capital in SMART Business Advisory and Consulting LLC, a Pennsylvania-based provider of technology, and business process consulting services. "Our interest in SMART is driven by a variety of factors including the firm's growth over the past few years," said Christopher Gaffney, managing partner at Great Hill Partners. "The company has shown remarkable agility in responding to changes in the marketplace."http://www.smartllp.com/
EnerNOC Raises IPO Share Price Expectation to $23-$25 - Boston, MA
EnerNOC, a Boston-based developer of technology for managing electricity grids and power usage, disclosed in a filing with the Securities and Exchange Commission on Wednesday that is raising the expected share price range of its planned initial public offering of stock from $21-$23 per share to $23-$25. The company plans to sell 3.75 million common shares and could raise $93.75 million at the newly raised top end of its expected pricing range. EnerNOC uses its network operations center to remotely manage and reduce electricity consumption across a network of commercial, institutional and industrial customer sites. Its customers are electric power grid operators and utilities, as well as commercial, institutional and industrial end-users of electricity. EnerNOC's revenues have grown from $0.8 million in 2004 to $26.1 million in 2006. The company had a loss of about $2 million last year.http://sec.gov/Archives/edgar/data/1244937/000104746907004364/a2177223zs-1a.htm
Nuance Communications to Acquire Canton's VoiceSignal - Burlington, MA
Nuance Communications, a Burlington-based provider of speech and imaging technology products, has agreed to pay about $293 million in cash to acquire VoiceSignal Technologies, a privately held, Woburn-based provider of voice communications software for mobile handsets. Since 2002, more than 110 million copies of VoiceSignal's software have shipped embedded in devices from handset manufacturers. Nuance said that the acquisition will create "an organization with broad resources, solutions and expertise that will satisfy the accelerating demand for speech-enabled mobile devices and services."http://www.voicesignal.comhttp://www.nuance.com
AOL Acquires Boston-based Mobile Ad Firm Third Screen Media - Boston, MA
Looking to bolster its presence in the mobile advertising space, AOL said on Tuesday that it has acquired Boston-based Third Screen Media, operator of a mobile ad network and provider of a mobile ad-serving and management platform. Financial terms of the deal were not disclosed. Third Screen Media will operate as a subsidiary of AOL's Baltimore-based Advertising.com division. Randy Falco, the chairman and CEO of AOL, said that the acquisition "gives us a very strong position in the fast-growing mobile space." Third Screen, which will remain in Boston, operates a web-based, mobile ad management and delivery platform that connects agencies, publishers and carriers. More than 185 publishers have joined Third Screen's network, representing more than 225 million monthly advertising impressions. Publishers using the network include AccuWeather, Fox News, Gannett, Maxim and WWE.http://www.thirdscreenmedia.com/ http://press.aol.com/article_display.cfm?article_id=1231
ScanScout takes in $7M in first funding round - Boston, MA
Online video advertising technology startup ScanScout Inc. in Cambridge has secured its first round of institutional funding, bringing in $7 million in a Series A round led by Cambridge-based General Catalyst Partners. Previous angel investors First Round Capital, Georges Harik (director of Google Labs) and Ron Conway (credited as the first investor in Google) also participated in the funding. http://www.scanscout.com
Matrix Launches Care.com With $3.5M Series A - Waltham, MA
Care.com Inc., a provider of online services for families, said it has launched its Web site after raising $3.5 million in Series A funding. http://www.care.com
Joost Closes On $45M In Financing - New York, NY
Joost, the closely watched online video start-up founded by the Scandinavian entrepreneurs behind the KaZaA file-sharing software and Skype Internet calling, has raised a $45 million round of funding. http://www.joost.com
OutlookSoft to be Acquired by Software Giant SAP - Stamford, CT
OutlookSoft, a Stamford-based provider of financial performance management software for corporations, has signed an agreement to be acquired by SAP, the Germany-based business software giant. "Today's announcement marks another milestone in SAP's multi-year plan to holistically address the increasingly sophisticated requirements of the CFO around driving business performance, managing risk, ensuring compliance and spearheading financial transformation in their organizations," the company said. OutlookSoft employs about 250 people and has offices in the U.S., U.K., France, Switzerland and Italy. Financial terms of the acquisition deal were not disclosed.http://www.sap.com/company/press/press.epx?pressid=7596
Crossbeam Raises $21 Million in Venture Capital Round - Boxborough, MA
Crossbeam Systems, a Boxborough-based provider of threat management technology for IT networks, has raised $21 million in a venture capital deal led by Boston-based Tudor Investment Corp. Other investors in the deal include Charles River Ventures, Commonwealth Capital Venture Partners, Focus Ventures, Intel Capital, Matrix Partners, North Bridge Venture Partners and Tudor Ventures. Founded in 2000, Crossbeam offers security technology to corporations, carrier networks and small to medium-sized businesses from a variety of vendors. http://www.crossbeamsystems.com
TripAdvisor Acquires Four Travel Media Businesses - Needham, MA
TripAdvisor, a Needham-based, online provider of travel-related content, on Tuesday announced that it has acquired four travel media businesses, including Smarter Travel Media, the Boston-based operator of smartertravel.com and bookingbuddy.com. The other three acquired businesses include Seattle-based SeatGuru, Canada-based TravelPod, and London-based Travel Library. TripAdvisor said that the acquisitions grow its audience to more than 24 million monthly visitors. Terms of the deals were not disclosed.http://m1e.net/c?46169598-q93toDqbbUPeI%402452761-R2ZzOOMa1UKNY
Sentrigo Raises $3.5 Million in First Round - Woburn, MA
Sentrigo, a Woburn-based developer of database security software, on Tuesday announced that it has secured $3.5 million in its first round of venture capital, led by Benchmark Capital. Sentrigo is developing software that helps large customers combat unauthorized database activities originating from company insiders, as well as from those outside the organization. Its product is in use by "early access" customers in the banking, telecommunications, government, travel, managed IT services and healthcare sectors and will be generally available later this quarter, the company announced.http://www.sentrigo.com/page.php?cat=54&newsid=14
Quadriserv Raises $13,000,000 in Series B Financing - New York, NY
Quadriserv is a provider of services and data to securities lending industry. Investors include Bessemer Venture Partners (Lead).http://www.quadriserv.com
D2Hawkeye Raises First Round of Venture Capital - Waltham, MA
D2Hawkeye, a provider of business intelligence software for the healthcare industry, on Monday announced that it has an investment of undisclosed amount in its first round of venture capital from Healthways, a Nashville-based disease management firm. Healthways currently uses D2Hawkeye's data mining and predictive modeling products to enhance its understanding of individual member risk factors, the company said. As a result of the investment, Healthways has assumed a minority position in privately-held D2Hawkeye.http://www.d2hawkeye.com/index.php?option=com_content&task=view&id=87&Itemid=222
Carbonite Raises $15 Million in Second Round - Boston, MA
Carbonite, a Boston-based provider of online data backup services for consumers and small businesses, has raised $15 million in its second round of venture capital, led by Menlo Ventures. Other investors in the deal include 3i Group and Common Angels. Carbonite launched its service one year ago. The company said in an announcement on Monday that its revenue "has climbed rapidly and the company recently backed up its one-billionth file." Carbonite's service provides automatic backup of data on personal computers over the Internet. http://biz.yahoo.com/prnews/070507/clm024.html?.v=83
i2 Technologies Acquires Blue Agave Software - Cambridge, MA
i2 Technologies (NASDAQ: ITWO), a provider of solutions designed to synchronize demand and supply across global business networks, has acquired Blue Agave Software, a provider of solutions to consumer products companies for replenishment, demand manage.http://www.blueagavesoft.com
Makana Secures $3M in VC Funding - Lexington, MA
Makana Solutions Inc., a provider of incentive management software, on the verge of launching its first product, has secured $3 million in Series A financing. http://www.makanasolutions.com
Quattro Wireless Raises $6M Series A - Lexington, MA
Highland Capital Partners has provided a $6 million Series A round for Quattro Wireless Inc., a company that makes corporate Web sites accessible via mobile devices.
http://www.quattrowireless.com/
iAmplify receives $6M in VC funding - New York, NY
Kodiak Venture Partners has invested $6 million in iAmplify Inc., which is attempting to differentiate itself in the competitive online video distribution market by selling informational content created by experts and celebrities. http://www.iamplify.com
EnerNOC Expects to Raise $79 Million to $86 Million in IPO - Boston, MA
EnerNOC, a Boston-based developer of technology for managing electricity grids and power usage, disclosed in a filing with the Securities and Exchange Commission on Thursday that it expects to raise between approximately $79 million and $86 million in its planned initial public offering of stock. The company disclosed that it expects to sell 3.75 million common shares priced at between $21 and $23 per share. EnerNOC uses its network operations center to remotely manage and reduce electricity consumption across a network of commercial, institutional and industrial customer sites. Its customers are electric power grid operators and utilities, as well as commercial, institutional and industrial end-users of electricity. EnerNOC's revenues have grown from $0.8 million in 2004 to $26.1 million in 2006. The company had a loss of about $2 million last year.http://sec.gov/Archives/edgar/data/1244937/000104746907003597/a2177223zs-1a.htm
Juice Wireless Raises $2,300,000 in Financing - New York, NY
Juice Wireless is a developer of interactive mobile data applications. Investors include Qualcomm Ventures (Lead), 21Ventures, Citizens Communications.http://www.juicewireless.com
Tizra Raises $500,000 from Slater Technology Fund - Providence, RI
Tizra, a Providence-based provider of information management and online content sales software, on Tuesday announced that it has raised a $500,000 investment from the Slater Technology Fund. Tizra's lead product is a hosted online publishing service that allows publishers and businesses to "webify, market, and sell their existing content as new product, through their own website and without software development or data conversion," the company's funding announcement said. http://www.tizra.com
ChannelAdvisor Secures $30M Series C Led By NEA - New York, NY
Online marketplace and auction management company ChannelAdvisor Corp. said it has recieved $30 million in Series C funding led by New Enterprise Associates.http://www.channeladvisor.com
Spotfire to be acquired by Tibco for $195M - Somerville, MA
Somerville ased software maker Spotfire Inc. said it is to be acquired by San Francisco's Tibco Software Inc. for $195 million. The deal is expected to close during the third quarter. Tibco officials said they plan to retain the Spotfire brand and operate the company as a business unit within Tibco, led by Spotfire CEO Christopher Ahlberg.
Spotfire, which develops business-information software, reports more than 800 customers including Chevron Corp., Merck & Co. Inc., Pfizer Inc., Royal Dutch Shell PLC., Texas Instruments Inc., and Toshiba Corp. Spotfire, which was founded in 1996, employs about 200 workers. http://www.spotfire.com/about/tibco.cfm
