Monday, March 31, 2008

Ntirety receives $1M in second round of funding - Dedham, MA

Tuesday, March 25, 2008

CoreStreet Raises Strategic Investment with CIA's In-Q-Tel - Cambridge, MA

CoreStreet, a Cambridge-based developer of credential validation technology, announced on Tuesday that it has signed a strategic investment and technology advancement agreement with In-Q-Tel, the U.S. Central Intelligence Agency's technology investment branch. The agreement calls for CoreStreet to develop new converged security technology, including "breakthrough Card-Connected technology," the company said. Details of the investment were not disclosed. Other investors in CoreStreet include Pod Holding and Updata Partners.

Wednesday, March 19, 2008

Aspect Software Gets Equity Investment from Microsoft - Chelmsford, MA

Aspect Software, a privately held, Chelmsford-based provider of software for customer contact centers, has received an equity investment of undisclosed amount from Microsoft. In addition, the deal includes an agreement for Aspect to design its contact center software to interoperate with Microsoft's platform for software-powered voice and unified communications. Aspect also said it will build a professional services and systems integration practice for Microsoft's unified communications software, to help customer deploy software-powered voice, instant messaging, and conferencing capabilities.

Tuesday, March 18, 2008

SAS acquires Teragram - Cambridge, MA

SAS, the leader in business intelligence (BI) and advanced analytics, announced today the acquisition of privately held Teragram, the leader in natural language processing (NLP) and advanced linguistic technology. The acquisition will enhance SAS’ own robust text mining and analytical BI offerings, and extend them to enterprise and mobile search.

LiveWire Mobile Acquires Groove Mobile for $14.5 Million - Framingham, MA

LiveWire Mobile, a Framingham-based provider of personalization services for mobile operators, has acquired Groove Mobile, a privately held, Bedford-based provider of mobile music services. LiveWire said the acquisition will allow it to meet operators' growing demand for a portfolio of managed services, including ringback tones, ringtones, full-track music and video downloads, delivered through an integrated storefront. The purchase price for the deal was $14.5 million.

IDG Ventures Changes Name, Raises $280 Million for New Fund - Boston, MA

IDG Ventures Atlantic, a Boston-based venture capital firm founded in 2001, announced on Monday that it has changed its name to Flybridge Capital Partners and raised $280 million for a new fund to invest in early-stage businesses. The new Flybridge fund will focus on consumer, healthcare and information technology companies, the firm said. The closing of this fund, the firm's third, brings its total capital under management to $560 million.

Endeca adds $10M to cap Series F - Cambridge, MA

Endeca Technologies Inc., a provider of information access software, has added $10 million in Series F financing from existing investors to bring the round total to $25 million.

BMC to acquire BladeLogic for $800M - Lexington, MA

BladeLogic Inc. of Lexington, a leading maker of data center management software, is independent no longer, after agreeing to an $800 million acquisition by BMC Software Inc. of Houston. BMC will pay $28 per share for BladeLogic stock, about 19 percent higher than BladeLogic's Friday closing price of $23.61. Officials say the deal should be completed in 45 to 90 days, and that BladeLogic's top executives plan to stay on with the company.

Thursday, March 13, 2008

TargetSpot Raises $8.6 Million in Second Round - NY, NY

TargetSpot, an online advertising marketplace specifically designed for streaming audio, has raised $8.6 million in its second round of venture capital, led by Boston-based Bain Capital Ventures. Other investors in the deal include Union Square Ventures, CBS Corp. and Milestone Venture Partners. TargetSpot's online ad platform allows advertisers to create, buy and place advertising messages on hundreds of Internet radio stations, including CBS Radio, Entercom Communications Corp, and Beasley Broadcasting, as well as web-only streaming sites. The company was founded in 2007.

Tuesday, March 11, 2008

Invoke Solutions Raises $7 Million in Venture Capital - Waltham, MA

Invoke Solutions, a Waltham-based provider of online and mobile research technology and services, announced on Tuesday that it has raised $7 million in a round of venture capital, which was led by Portland-based North Atlantic Capital. Other investors in the deal include Bain Capital and BEV Capital. Invoke offers researching technologies that help businesses gain instant insight into the opinions, views, and dynamics of their customers, employees, and other constituents. The company was founded in 1999. Among its customers are Microsoft, Washington Mutual, Conagra, Dell, and Nestle.

Wednesday, March 05, 2008

.406 Ventures Raises $167 Million for First Fund - Boston, MA

.406 Ventures, a Boston-based venture capital firm that focuses on early-stage technology businesses, has raised $167 million for its first investment fund, PE Week Wire reported. The committed capital includes $10 million from Rhode Island's General State Investment Commission. .406 plans to typically be the lead, first institutional investor and to focus on the IT security and infrastructure, technology-enabled business services, and next-generation software companies.

EveryScape Raises $7 Million in Second Round - Waltham, MA

EveryScape, the Waltham-based developer of a visual platform for online local search that provides a "virtual experience" of metropolitan, suburban and rural areas, has raised $7 million in its second round of venture capital, led by Dace Ventures. Other investors in the deal include Draper Fisher Jurvetson, Draper Fisher New England, Draper Atlantic and LaunchPad Venture Group. With EveryScape's search engine, users can "walk" down city streets and explore the interiors of local buildings, landmarks and businesses. The company said it will use the financing to grow its sales force, accelerate new city launches and fuel new community features.

Tuesday, March 04, 2008

Compete acquired by TNS for up to $150M

Taylor Nelson Sofres plc (TNS), a world leader in market information and insight, announces that it has agreed to acquire Compete, Inc., a leading digital intelligence company, for an initial cash consideration of US$75 million.

Compete’s revenue for the year ended 31 December 2007 was $14.9 million, over 50 per cent higher than in the previous year. Gross assets at that date were $11.2 million. The company made a loss of $4.5 million in 2007, as it invested in building its panel and industry expertise. Dependent on the achievement of demanding revenue performance targets, deferred cash payments will be payable in 2008-2010, up to a maximum of $75 million.

Monday, March 03, 2008

Mzinga Raises $32.5 Million, Acquires Prospero - Burlington, MA

Mzinga, a Burlington-based collaboration and customer relationship management software for businesses, has raised $32.5 million in venture capital, led by W Capital Partners. Part of the funds is being used to acquire Prospero, a Littleton-based social media provider with a focus on the media, entertainment, and publishing sectors. Terms between the two privately held firms were not disclosed. Mzinga has about $30 million in annual revenue and more than 125 enterprise customers, including ABC, AOL, ESPN,, iVillage, Chevron Corporation and Johnson & Johnson.