Thursday, January 31, 2008

AutoVirt Raises $4 Million in First Round - Nashua, NH

AutoVirt, a Nashua-based developer of data file virtualization and automation technology, has raised $4 million in its first round of venture capital, according to published reports. AutoVirt's first product, currently in development, is targeted at data migration in native Windows environments. Investors in the company include Kepha Partners and Sigma Partners.

Wednesday, January 30, 2008

MocoSpace Raises $4M in Second Round - Boston, MA

MocoSpace, a social networking site targeting mobile communications, on Monday announced it has secured $4 million in a Series B round. MocoSpace's latest funding comes from all of the same backers that participated in its first round, including Pilot Group, General Catalyst Partners and individual investor Michael Dearing, a former eBay Inc. executive.

BEZ Systems Raises $2 Million in Venture Capital - Boston, MA

BEZ Systems, a Boston-based developer of application and database performance management software, has raised $2 million in a round of venture capital, led by Ascent Venture Partners. Other investors in the deal include Equity Partners and The Massachusetts Technology Development Corp. Founded in 1993, BEZ applies advanced analytics and modeling technology to IT performance issues. Its analytics technology aggregates current and historic performance data into "meaningful business workloads," according to the company.

Tuesday, January 29, 2008

StyleFeeder Raises $2 Million in First Round - Cambridge, MA

StyleFeeder, a Cambridge-based, online "personal shopping engine," has raised $2 million in its first round of venture capital, led by Highland Capital Partners and Schooner Capital. Founded in 2005, StyleFeeder announced on Tuesday that it has grown significantly and become the largest shopping application on Facebook, with more than half a million users. The company said it will use the new investment funds to expand its team while continuing to grow its consumer base.

Second Rotation Raises $4.4 Million in First Round - Waltham, MA

Second Rotation, a Waltham-based, online retailer of consumer electronics and "gadgets," has raised $4.4 million in its initial round of funding. The round was led by Venrock, a venture capital firm founded by the Rockefeller family, and included angel investors Austin Ligon, Ashton Peery and Henry Vogel. Founded in 2006, Second Rotation determines the value of items online, arranges pickup and shipping, and pays the seller once the item is received. Items are then resold or recycled.

Virtual Iron Software Raises $20 Million in Venture Capital - Lowell, MA

Virtual Iron Software, a Lowell-based provider of computer server virtualization software, has raised $20 million in a new round of venture capital. Investors in the deal include Highland Capital Partners, Matrix Partners, Goldman Sachs, Intel Capital and SAP Ventures. Virtual Iron announced that the software is currently deployed in over 1,450 organizations worldwide, with over 40% of the company's revenue and customers now coming from outside North America.

Monday, January 28, 2008

Visible Measures Raises $13.5 Million in Second Round - Boston, MA

Visible Measures Corp., a Boston-based developer of technology for measuring the behavior of Internet video audiences, has raised $13.5 million in its second round of venture capital, led by MDV-Mohr David Ventures. Visible Measures specializes in measuring the consumption and distribution of Internet video. Its technology is designed to allow video publishers and advertisers to measure every video interaction by every viewer, "from play to pause to rewind to forward-to-a-friend and more," according to the company. General Catalyst Partners, which led Visible Measures' first round, also participated in this latest investment round for the company.

Thursday, January 24, 2008

Spark Capital Invests $15 Million in Inform Technologies - NY, NY

Inform Technologies, a provider of website content management technology for established media brands, has raised $15 million in venture capital from Spark Capital, a Boston-based venture fund. Founded in 2004, Inform currently works with nearly 100 major media brands to help them "ensure that their sites are content destinations and offers editorial-quality features that keep readers engaged on their sites longer -- and that increase page views and revenue potential," the company said. Its "longstanding" clients include Conde Nast, Crain Communications, IDG, The New York Sun and Washington.Post.Newsweek Interactive. In recent months, 30 additional media properties have engaged Inform, the company announced on Wednesday.

Modiv Media Raises $8 Million in Venture Capital - Quincy, MA

Modiv Media, a Quincy-based provider of online marketing technology, has raised $8 million in its second round of venture capital, led by current investors, including Ignition Partners, Oak Investment Partners and SeaPoint Ventures. Modiv was formed last year with the merger of MobileLime, which focused on mobile loyalty and rewards shoppers, and Cuesol, which offered in-store self-service technology. Modiv helps brand marketers and retailers influence consumers' shopping habits and buying decisions. The company's platform delivers media through in-store self-service technology and mobile phones.

e-Dialog to be Acquired for $157 Million - Lexington, MA

e-Dialog, a Lexington-based provider of e-mail marketing services, has agreed to be acquired by GSI Commerce, a Pennsylvania-based provider of e-commerce software, for $157 million. Terms of the deal include $147.8 million in cash and restricted shares of GSI Commerce valued at $9.2 million. Founded in 1997, e-Dialog offers a combination of marketing intelligence and "relevance enabling" technologies. Some of the company's largest customers include Avis, BMG Music Service, Dell, and Hewlett Packard, among others.

Wednesday, January 23, 2008

Endeca raises $15M from Intel & SAP - Cambridge, MA

Cambridge-based software maker Endeca Technologies Inc. reports receiving investments from SAP Ventures and Intel Capital. Endeca offers innovative information access software that helps people explore, analyze and understand complex information, guiding them to unexpected insights and better decisions. California-based Intel Capital, the investment arm of Intel Corp., invested $10 million in Endeca and SAP Ventures, the investment arm of Germany's SAP AG, invested $5 million.

Aveska Raises $12 Million in Second Round - Waltham, MA

Aveska, a Waltham-based provider identity and access management software, has raised $12 million in its second round of venture capital, led by FTVentures. Other investors in the deal include Pequot Ventures, Charles River Ventures and Aveska chairman Barry Bycoff. Aveska's technology helps security teams and business managers with access governance, risk and compliance management. The company launched its first product in 2006.

AptSoft Acquired by IBM - Burlington, MA

AptSoft, a privately held, Burlington-based software company, has been acquired by IT giant IBM for an undisclosed price. AptSoft's technology helps businesses uncover "the cause-and-effect relationships among seemingly disparate business events that occur in milliseconds or throughout defined periods of time," IBM said. The acquisition will complement IBM's existing SOA (Service-Oriented Architecture) software and related services offerings that include its WebSphere, Information Management and Tivoli brands, as well as RFID and Web 2.0 capabilities and industry-specific products, the company said. Egan-Managed Capital, Portage Venture Partners and Lazard Technology Partners.

Friday, January 18, 2008

Broadband Enterprises Scores $10M For Video - NY, NY

Online video network Broadband Enterprises LLC has secured a $10 million round of funding from Velocity Interactive Group, the newly organized firm managed by former president of Fox Interactive Media Ross Levinsohn.

Thursday, January 17, 2008

Arbor Networks to acquire Ellacoya Networks - Merrimack, NH

Arbor Networks, a leading provider of secure service control solutions for global business networks, announced today that it has signed a definitive agreement to acquire Ellacoya Networks, a leading provider of carrier-class broadband service optimization solutions. Terms of the transaction were not disclosed.

Sun Microsystems to acquire MySQL for $1 Billion

Sun announced an agreement to acquire MySQL AB , an open source icon and developer of one of the world's fastest growing open source databases, for $1 billion. This acquisition accelerates Sun's position in enterprise IT to now include the $15 billion database market and reaffirms Sun's position as the leading provider of platforms for the Web economy and its role as the largest commercial open source contributor.

Monday, January 14, 2008

RockBlocks Raises Investment from Brook Venture Partners -Wayland, MA

RockBlocks Group, a Wayland-based provider of web-based supply chain management software for consumer product retailers, announced that it has raised a "multimillion dollar" investment in its first round of venture capital, led by Brook Venture Partners. The investment amounted to $5 million, according to published reports. On Monday, RockBlocks also announced it has hired Matthew Hicks and Gary Planthaber to its executive team as COO and CTO, respectively. RockBlocks was spun out of Tourtellotte Solutions last month.

LogMeIn Files to Raise $86 Million in IPO - Woburn, MA

LogMeIn, a Woburn-based provider of remote computer connectivity services, has filed with the Securities and Exchange Commission for its initial public offering of stock to raise an estimated $86 million. Consumers and mobile workers use LogMeIn's technology to access computer resources remotely. Its software is deployed on-demand and accessible through a Web browser. LogMeIn reports that its customer base has grown from approximately 48,000 "premium" accounts in November 2006 to approximately 92,000 premium accounts in November 2007. During the nine months ended September 30, 2007, it had revenue of $18.4 million, as compared to $7.3 million over the same period in 2006, an increase of 151%. The company reported a loss of $6.5 million for the nine months ended Sept. 30, compared with a loss of $4.4 million for the same period a year earlier.

BackOffice Associates Raises $30 Million from Goldman Sachs - Harwich, MA

BackOffice Associates, a Harwich-based provider of SAP data quality, data migration and data governance technology, on Monday announced that it has raised a $30 investment from Goldman Sachs. BackOffice said that that the new investment will allow it to continue its expansion across North America and internationally. The company currently has international offices in Europe, Australia and Mexico. Founded in 1998, BackOffice employs about 300 people worldwide.

Tremor Media Raises $11M Series B - NY, NY

Online video advertising network Tremor Media Inc. has closed an $11 million Series B round of funding to continue developing its platform that supports multiple ad formats.

Tuesday, January 08, 2008

Microsoft bids to acquired Fast Search & Transfer - Needham, MA

Microsoft Corp. has made an offer to acquire Fast Search & Transfer, a Norwegian search technology company that operates a U.S. headquarters in Needham. Fast Search & Transfer board of directors has unanimously recommended that its shareholders accept the offer, in which Microsoft plans to acquire FAST's for $1.2 billion, or $3.54 per share. The deal is expected to be completed during the second quarter.

Friday, January 04, 2008

PeerApp Raises $3 Million of Venture Capital - Newton, MA

PeerApp, a Newton-based provider of peer-to-peer (P2P) technology for Internet service providers, has raised $3 million of venture capital from a group including Pilot House Ventures, Evergreen and Cedar Fund, according to a report by PE Week Wire, which cited a regulatory filing. Founded in 2004, PeerApp offers P2P caching technology that allows ISPs to handle the impact of P2P traffic growth on their networks. It also offers a platform to obtain revenue through new P2P service offerings.

Thursday, January 03, 2008

NetApp to Acquire Boston-based Storage Software Firm Onaro - Boston, MA

Network Appliances (NetApp), a California-based developer of data management software, said on Thursday that it will acquire Boston-based Onaro, a developer of software that allows large companies to better manage storage. Financial terms of the deal were not disclosed. NetApp said that the acquisition will strengthen its storage and data management software portfolio, helping clients to increase data center and storage network efficiencies. Onaro's client list includes AOL, JetBlue Airways, State Street Global Advisors, and Wyeth Pharmaceuticals. The deal is expected to close during the first quarter.

Wednesday, January 02, 2008

HiWired Raises $9 Million in Second Round - Needham, MA

HiWired, a Needham-based provider of PC support services for ISPs, retailers, small businesses and consumers, announced on Wednesday that it has raised $9 million in its second round of venture capital, which was led by North Hill Ventures. Kodiak Venture Partners and Sigma Partners also participated in the deal. Founded in 2004 by IBM services veterans Singu Srinivas and Michael Wexler, HiWired provides support for PC-related technology, including wireless networks, iPods, digital cameras, and smartphones. The company offers "incident-based" and ongoing remote technical support for setup of new computers and digital devices, as well as problem solving with more complicated technology and networking configurations.