Friday, August 31, 2007

GlassHouse Technologies Raises up to $16 Million - Framingham, MA

GlassHouse Technologies, a Framingham-based provider of IT infrastructure consulting, has obtained a commitment for up to $16 million in convertible debt financing from BayStar Capital. An initial advance of $6 million was funded immediately under the agreement, and the proceeds were used to fund GlassHouse's acquisition of RapidApp, a Chicago-based server virtualization consulting company. GlassHouse is also backed by several venture capital firms, including Sigma Partners, Kodiak Venture Partners, Globespan Capital Partners, Grand Banks Capital, and Paladin Capital Group.

http://www.glasshouse.com/

Tuesday, August 28, 2007

Fotolog is acquired by Hi-Media for $90M - NYC

Fotolog is acquired by Hi-Media for $90M. Fotolog Inc.'s investors say they didn't so much look for an exit from the company as they did for a large infusion of resources to fuel growth.

http://www.fotolog.com

Wis.dm Raises $5,000,000 in a Round of Financing - Cambridge, MA

Wis.dm is a provider of a social network based on a question and answer format, that connects people in their twenties and early thirties around topics of shared interest, such as politics, culture, sports, and entertainment. Investor was North Bridge Venture Partners.

http://wis.dm/

Monday, August 27, 2007

Reva Systems raises $10.5M in VC funding - Chelmsford, MA

Reva Systems, a Chelmsford-based developer of radio-frequency identification (RFID) network infrastructure products, has raised $10.5 million more in its second round of venture capital, PE Week Wire reported on Monday, citing a regulatory filing. Founded in 2004, Reva develops technology that is designed to improve system performance, manageability and security while lessening implementation time and complexity. Investors in the company include North Bridge Venture Partners, Charles River Ventures, Cisco Systems and SAP Venture.

http://www.revasystems.com

MocoSpace Raises $4 Million in First Round - Boston, MA

MocoSpace, the Boston-based provider of a wireless social networking service, has raised $3 million in its first round of venture capital, led by Cambridge-based General Catalyst Partners. MocoSpace allows users to find friends and stay connected through their wireless communication devices. The company called the funding "a reflection of the rapid growth of the mobile social networking market and the increase of mobile content users in the U.S., with more than 76 million mobile content subscribers in the U.S. alone and 6.7% of all Americans utilizing mobile chat or dating applications." The company also has offices in Israel.

http://www.mocospace.com

Friday, August 24, 2007

Veveo Raises $14 Million in Second Round - Andover, MA

Veveo, an Andover-based developer of mobile video search technology, has raised $14 million in its second round of venture capital, according to a report in mocoNews.net. Investors in the deal include Matrix Partners, Norwest Venture Partners, and North Bridge Venture Partners. Veveo also raised $14 million in its first round of venture capital.

http://www.veveo.tv

Thursday, August 23, 2007

WebDialogs Acquired by IBM - Billerica, MA

WebDialogs, a Billerica-based provider of web conferencing and communications software, has been acquired by information technology giant IBM for an undisclosed price. Founded in 1998 and privately held, WebDialogs offers online meeting and communication software that is designed to increase the productivity, effectiveness and quality of online interactions. IBM said that it will integrate WebDialog's software service with its collaboration offerings, including IBM Lotus Notes and IBM Lotus Sametime software.

http://www.webdialogs.com/

Wednesday, August 22, 2007

uPlayMe Raises Funds in First Round - New York, NY

uPlayMe is a developer of a desktop application which automatically connects people through their shared tastes in music, movies, TV shows, and other digital content. Investors include: Village Ventures, Warner Music Group, Others.

http://www.uplayme.com

Conduit Labs Raises $5.5 Million in First Round - Cambridge, MA

Conduit Labs, a Cambridge-based startup that is developing online social gaming services, has raised $5.5 million in its first round of venture capital. Investors in the deal include Charles River Ventures and Prism VentureWorks. Founders of Conduit were previously involved in the development of Guitar Hero, the Ambient Orb, Asheron's Call, and Lord of the Rings Online. "We are bored of the same old social networks, virtual worlds, and MMOs," the company's website states. "We've been doing this kind of thing for a long time, so we're trying something new."

http://blog.conduitlabs.com/

Tuesday, August 21, 2007

SelectMinds Raises $5,500,000 in Series A Round - New York, NY

SelectMinds is a provider of corporate social networking solutions. Investors include Bessemer Venture Partners (Lead).

http://www.selectminds.com

Vlingo Raises $6,500,000 in Series A Round - Cambridge, MA

Vlingo is a developer of voice-powered interface for mobile phones. Investors include Charles River Ventures, Sigma Partners.

http://www.vlingo.com

Friday, August 17, 2007

Diligent Technologies Raises $4.2 Million in Fourth Round - Framingham, MA

Diligent Technologies, a Framingham-based provider of disk-based data protection products, has raised $4.2 million in its fourth round of venture capital, according to a report in Mass High Tech, which cited a regulatory filing. Founded in 2002, Diligent offers technology that is designed to eliminate redundant data and reduce the amount and cost of physical storage required. The company operates R&D facilities in Tel Aviv.

http://www.diligent.com/index.php

nTAG Raises $8.3 Million in Second Round - Boston, MA

nTAG, a Boston-based provider of management technology for the meetings and events industry, has raised $8.4 million in its second round of venture capital, led by Pilot House and Sevin Rosen. Founded in 2002, nTAG offers interactive name badge technology, which supports event participant networking, session interactivity and education, event reporting and profitability analysis. The technology also automates on-site logistics and provides sponsorship opportunities.

http://www.ntag.com

Thursday, August 16, 2007

PlumChoice Raises $4.8 Million from Edison Ventures - Billerica, MA

PlumChoice, a Billerica-based provider of remote PC services, on Thursday announced that it has raised $4.8 million in venture capital from Edison Venture Fund. Founded in 2001, PlumChoice offers consumers technology support for a range of products including MP3 players, PDAs, digital cameras, PCs and home theatres. The company provides both consumers and small businesses with around-the-clock support through the Internet.

http://www.plumchoice.com

Perot Systems Agrees to Acquire JJWild for $89M - Canton, MA

Health care information technology company JJWild Inc. has entered into a definitive agreement to be acquired by publicly traded Perot Systems Corp. for $89 million.

http://www.perotsystems.com
http://www.jjwild.com

Wednesday, August 15, 2007

DietTV.com Raises $2,000,000 in Series A Round - New York, NY

DietTV.com is a provider of a social network for dieters, connecting dieters so they can share tips, motivation, and work together to reach common goals. Investors include MentorTech Ventures.

http://www.diettv.com

Tuesday, August 14, 2007

KickApps Raises $11,000,000 in Series B - New York, NY

KickApps is a provider of hosted video applications. Investors include Prism VentureWorks, SoftBank Capital, Spark Capital.

http://www.kickapps.com

NitroSecurity Files for IPO to Raises up to $55 Million - Portsmouth, NH

NitroSecurity, a Portsmouth-based provider of hardware and software products for security monitoring, analysis and protection of computer networks, has filed with the Securities and Exchange Commission for its initial public offering of stock to raise an estimated $55 million. NitroSecurity sells its products to medium and large-size companies in a range of industries and government agencies. The company's revenue increased by approximately $340,000 million, or 83%, to $750,000 in the three months ended March 2007. Its net loss was approximately $10.4 million in 2006 and $2.1 million for the three months ended March 2007. Among NitroSecurity's main investors are Brookline Venture Partners and entities affiliated with First Analysis Corp.

http://sec.gov/Archives/edgar/data/1408900/

VMware Subsidiary IPO Raises $957 Million, Share Price Surges - Hopkinton, MA

VMware, a subsidiary of Hopkinton-based data storage company EMC, has priced its initial public offering of stock to raise about $957 million. The company priced 33 million shares at $29 each. EMC still retains a 90% stake in VMware, which offers IT systems management software. Shares in VMware were up nearly twofold at $52.72 in the final hour of trading on Tuesday.

http://vmware.com/company/news/releases/IPOpricing.html

Monday, August 13, 2007

Sonicbids Raises $4.5 Million in Venture Capital - Boston, MA

Sonicbids, a Boston-based online community for the music industry, has raised $4.5 million in a round of venture capital, led by Edison Venture Fund, according to a report in VentureWire on Monday. Founded in 2001, Sonicbids helps musicians and music promoters to network online, "without sending bulky press kits through the postal mail," the company says. Sonicbids' websites is used by 70,000 musicians and over 6,000 festivals, music conferences, and clubs from over 100 countries, according to the company.

http://www.sonicbids.com

Friday, August 10, 2007

EqualLogic files for an IPO - Nashua, NH

Nashua, N.H.-based storage networking company EqualLogic Inc. has filed with the U.S. Securities and Exchange Commission to hold an initial public offering aimed at raising $125 million.

http://www.equallogic.com

YellowJacket Buzzing With $1.25M Series A - NY, NY

YellowJacket Software Inc., which produces programs for the financial and energy markets, has closed a $1.25 million first round of institutional funding.

http://www.yjenergy.com

Thursday, August 09, 2007

GrandBanks Capital raising $150M investment fund - Newton Center, MA

GrandBanks Capital, a Newton Center-based venture capital firm, is in the process of raising $150 million for its second investment fund, PE Week Wire confirmed on Thursday. GrandBanks Capital was established in partnership with Softbank. The company focuses on investments in Internet infrastructure, software and software services, security and storage applications, media technologies and services, financial technologies and services, and wireless technologies and services.

http://www.grandbankscapital.com/

Scrybe Raises First Round of Venture Capital - Boston, MA

Scrybe, a Boston-based provider of web-based productivity software, has raised an undisclosed amount in its first round of venture capital, led by Adobe Systems and LMKR. Scrybe's software includes functions such as calendars, to-do lists and "ThoughtStreams," which can be shared between users. The company said that it will use the new funds to "accelerate growth in key operational areas and drive new product development initiatives."

http://biz.yahoo.com/iw/070808/0287525.html

Tuesday, August 07, 2007

DarwinSuzsoft Raises $48 Million in First Round - Wakefield, MA

DarwinSuzsoft, a Wakefield-based IT services firm for outsourcing to China, has raised $48 million in a round of venture capital led by Francisco Partners. Though the company was founded 20 years ago, this is DarwinSuzsoft's first round of outside funding. The company's business model "combines deep U.S. industry domain experience and highly skilled, low-cost Chinese engineering capabilities." Its customers include more than 300 financial services, insurance, healthcare and high-tech companies. DarwinSuzsoft has about 1,000 employees in Wakefield, San Francisco, New York, Shanghai, Beijing, Hong Kong, Suzhou and Dalian, China.

http://www.darwinsuzsoft.com/News/NewsView.aspx?idv=146&id=1

Digital Studio Worldwide Biggies Raises $9M - NY, NY

Digital entertainment studio Worldwide Biggies Inc., headed by former Nickelodeon and Spike TV President Albie Hecht, has closed a $9 million Series A financing.

http://www.wwbiggies.com

Monday, August 06, 2007

Acopia Networks to be Acquired by F5 for $210 Million - Lowell, MA

F5 Networks, a Seattle-based provider of IT network products, has agreed to pay $210 million to acquire Acopia Networks, a Lowell-based provider of software that helps customers manage the growth, complexity, and cost of unstructured, file-based information. Acopia, a privately held firm, was founded in 2002. The company launched its first products in 2004. Venture capital investors in Acopia include Charles River Ventures, Accel Partners, STAR Ventures, Vesbridge Partner, Goldman Sachs and Meritech Capital.

http://www.acopia.com/f3ab14f3-2fe2-4195-968c-7ac0dfbd5a1b/news-events-press-release-details.htm

Friday, August 03, 2007

Compete Inc. Raises $10 Million in Third Round - Boston, MA

Compete Inc., a Boston-based provider of web-browsing organizational tools, has raised $10 million in its third round of venture capital, according to a report in PE Week Wire on Friday. Investors in the deal include idealab, Split Rock Partners, Charles River Ventures, and William Blair Capital Partners. Founded in 2000, Compete offers a web-browsing tool -- compatible with Internet Explorer and Mozilla Firefox -- that allows users to "share" their web browsing activities, organize their web searches, and search for discount pricing. The company has raised $43 million in venture capital to date, according to the report.

http://www.compete.com

Virtusa Raises $61.1 Million in IPO; Share Price Drops - Westborough, MA

Virtusa, a Westborough-based provider of IT consulting, technology implementation and application outsourcing services, on Friday morning priced its initial public offering of stock to raise a total of $61.1 million. The company sold 4.4 million shares priced at $14 per share in the deal. Founded in 1996, Virtusa has offices in the U.S. and U.K., and "global delivery centers" in India and Sri Lanka. Shares in Virtusa were down $0.99 at $13.01 in mid-afternoon trading on Friday, a loss of about 7%.

http://biz.yahoo.com/bw/070803/20070803005123.html?.v=1

Wednesday, August 01, 2007

My Damn Channel Raises Financing - New York, NY

My Damn Channel is a provider of a media platform focused on original, episodic video content. Investors include Okapi Venture Capital (Lead).

http://www.mydamnchannel.com

Arcadia Solutions acquired by Pohlad Cos. - Burlington, MA

Arcadia Solutions Inc. was acquired recently by Pohlad Cos. Arcadia, a Burlington, Mass.-based information technology firm with 45 employees, targets the financial, high-tech and health care industries, helping companies deploy software to manage workflow and make operations more efficient. Terms of the deal were not disclosed.

http://www.arcadiasolutions.com

Associated Content Raises $10 Million in Second Round - Stamford, CT

Associated Content, a Stamford-based, online publisher, has raised $10 million in its second round of venture capital, led by Canaan Partners, the company announced on Wednesday. Other investors in the deal include Softbank Capital and Tim Armstrong. Founded in 2005, Associated Content draws from about 70,000 content producers who contribute to its ad-supported digital media library. The company also operates as a syndication engine, providing publishers with a range of content generated through its platform.

http://biz.yahoo.com/bw/070801/20070801005353.html?.v=1

Adspace Raises $20M For Digital Ads In Malls - NY, NY

Adspace Networks Inc. has raised $20 million from investors and an additional $10 million in debt financing to extend its digital video advertising network to more than 200 shopping mall locations in the U.S.

http://www.adspacenetworks.com
Google