Wednesday, August 27, 2008

Vanu Raises $32 Million in Second Round - Cambridge, MA

Vanu, a Cambridge-based software company, has raised $32 million in its second round of venture capital, according to published reports. Vanu’s software radio access network products span from the antenna site to the telecom switch interface. Its software radio access network lets wireless carriers operate multiple standards simultaneously on a single platform. The company was founded in 1998.

Zapoint Raises First Round of VC - Brookline, MA

Zapoint, a Brookline-based provider of talent management software, announced on Wednesday that it has raised its first round of venture capital. Terms of the deal, which was led by HFF Investments, were not disclosed. Founded in 2007, Zapoint offers software that lets users quantify talent profiles or resumes in order to rank skills and achievement. It is designed to help organizations recruit, maintain and develop their workforce.

Expressor Software Raises $10 Million in Second Round - Burlington, MA

Expressor Software, a semantic data integration company, announced on Wednesday that it has raised $10 million in its second round of venture capital, which was led by Commonwealth Capital Ventures. Founded in 2003, expressor offers software designed to manage the complexity and cost of large-scale IT projects. The software supports collaborative, role-based team development, business rule reuse and project lifecycle management. Other investors in the company include Globespan Capital Partners and Sigma Partners.

Tuesday, August 26, 2008

Mall Networks Raises $7 Million in Second Round of VC - Lexington, MA

Mall Networks, a Lexington-based provider of online and in-store consumer loyalty programs, announced on Tuesday that it has raised $7 million in its second round of venture capital, which was led by Dace Ventures. Other investors in the deal include Flybridge Capital Partners, Venture Capital Fund of New England, and LBO Enterprises. Mall Networks said it will use the financing to accelerate product development, and expand sales, marketing and services capabilities. Customers including JPMorgan Chase, Verizon and Best Buy use Mall Networks’ service to offer bonus rewards to their customers when they shop online and in-store at more than 700 merchants.

Boston-based Grid-X Announces $2 Million in Funding - Boston, MA

Grid-X, the Boston-based developer of an ultra high-speed offload and networking technology for data centers, clusters, and grid computing systems, announced on Tuesday that it has secured over $800,000 in new government contracts, customer contributions, and seed investments -- bringing its total funds to over $2 million to date. Operating in “stealth” mode, the company says its new design uses unique algorithms and coding to develop “what will be the lowest cost, fastest offload engine on the market.” Grid-X says its technology is being beta-tested at some aerospace firms, government laboratories, and defense firms.

JumpTap Raises $26 Million in Fourth Round of VC - Cambridge, MA

JumpTap, a Cambridge-based provider of mobile search and advertising services, announced on Tuesday that it has raised $26 million in its fourth round of venture capital, which was led by AllianceBernstein. Founded in 2004, JumpTap has developed search and advertising solutions software that uses insight from search behavior combined with operator data to deliver targeted and tailored mobile ad delivery. The company also offers premium mobile content channels, including communities, entertainment and portals. Its networks reaches over 150 million mobile subscribers through partnerships with 17 mobile operators and numerous content publishers.

Monday, August 25, 2008

Forerun Raises $1.4 Million in Venture Capital from MDTC - Waltham, MA

Forerun, a Waltham-based developer of clinical workflow technology designed exclusively for emergency medicine departments, announced on Thursday that it has received about $1.4 million in venture capital from the Massachusetts Development Technology Corporation (MDTC) and a group of existing investors. Foreun’s software supports select and consolidated patient views, physician charting, and quality and business intelligence reporting, among other functions. Founders of the company include emergency medicine practitioners and IT experts associated with Beth Israel Deaconess Medical Center and Harvard Medical School.

MoFuse Mobile Network Secures Seed Round - Providence, RI

MoFuse Inc., which provides bloggers and other content publishers with a platform to quickly publish their content to the mobile Web, said it secured its first round of seed capital.

Wednesday, August 20, 2008

TripAdvisor Acquires Majority Stake in FlipKey - Newton, MA

TripAdvisor, a Newton-based, online provider of travel services, announced that it has acquired a majority stake in FlipKey, a privately held, Boston-based provider of online vacation rental reviews. was launched in March 2008 and features 50,000 vacation homes, representing all 50 U.S. states. In addition to amassing vacation rental listings and consumer reviews of featured properties, FlipKey has an exclusive relationship with Instant Software, a property management software company, to provide a guest review platform for its clients. FlipKey content is expected to be integrated with TripAdvisor. Terms of the investment will not be disclosed.

Monday, August 18, 2008

GameLogic Raises $8 Million in Third Round of VC - Waltham, MA

GameLogic, a Waltham, Mass.-based provider of web-based marketing software for casino operators, has raised $8 million in its third round of venture capital, according to a report by PE Hub, which cited a regulatory filing. Founded in 2002, GameLogic offers interactive marketing services designed to help casinos attract and retain customers. The company was founded by the creators of Gamesville, a provider of online entertainment and marketing and promotion systems. Investors in GameLogic include Bain Capital Ventures, General Catalyst and Maveron.

Ipanema Technologies Raises $7 Million in Venture Capital - Waltham, MA

Ipanema Technologies, a Waltham-based developer of application traffic management systems for wide area networks, announced on Monday that it has raised $7 million in a round of venture capital, which was led by London-based Noble Venture. Ipanema’s autonomic networking system is designed to manage large wide area networks. The technology is used by large telecom operators as well as by large multinationals across various industries, including banking and finance, public sector, energy, pharmaceuticals, automobile and IT. This new investment by Noble Venture follows three years of 60% annual growth for Ipanema, the company said.

Wednesday, August 13, 2008

Nortel To Acquire Subsidiary of Bluesocket - Burlingon, MA

Bluesocket, a wireless technology company, announced on Wednesday that its Pingtel subsidiary, has been acquired by Nortel. Pingtel provides open source communications technology. Financial terms of the deal were not released. Under the terms of the agreement, Nortel will acquire the key assets of Pingtel, and its employees will be integrated into Nortel’s Billerica facilities. Bluesocket said it will invest the proceeds of the acquisition into product development and sales activities related to its core wireless business.

NitroSecurity Raises $10 Million in Venture Financing - Portsmouth, NH

NitroSecurity, a New Hampshire-based provider of IT security products and services, announced on Wednesday that it has secured $10 million in venture capital financing. The round was led by NewSpring Capital, and also included participation from First Analysis and Brookline Venture Partners. The company said the proceeds will be used for sales, marketing and channel growth. NitroSecurity offers a range of security products, including event management, log management, database activity monitoring, and intrusion prevention.

Monday, August 11, 2008

PatientKeeper raises $7.5M Series F - Newton, MA

Newton-based physician services firm PatientKeeper Inc. raised $7.5 million in Series F funding, according to online reports. With this latest round, PatientKeeper has pulled in a total of more than $75 million worth of financing since 1999.

ChosenSecurity Raises $6 Million in Venture Capital - Newton, MA

ChosenSecurity, a Newton-based provider of digital certificate management services, announced on Monday that it has raised $6 million in new financing. The investment -- an extension of its first round -- came from .406 Ventures, Castile Ventures and Prism VentureWorks. ChosenSecurity provides security between employees, clients and suppliers doing business digitally. The company’s digital certificates facilitate secure transactions through a variety of different means including authentication, secure e-mail, digital signatures and data encryption.

HP to Acquire Colubris Networks - Waltham, MA

Looking to expand its wireless technology offerings, Hewlett-Packard (HP) said on Monday that it will acquire Waltham-based Colubris Networks, a maker of intelligent wireless networking products for large clients and service providers. Financial terms of the deal, expected to close by the end of October, were not disclosed. HP said that it will integrate Colubris' product line into its ProCurve Networking product portfolio, expanding its reach into markets such as hospitality, transportation, healthcare and education. Colubris Networks received venture capital backing from BDC Venture Capital, DCM, GrandBanks Capital, Mid-Atlantic Venture Funds, Prism VentureWorks, and The TD Fund.

Thursday, August 07, 2008

NEC to acquire NetCracker - Waltham, MA

NEC Corporation (NEC) announced a definitive agreement to acquire NetCracker Technology Corp. (NetCracker), a US based software and solutions company with an industry leading track record of delivering Operations Support Systems (OSS) transformation to communications service providers across the globe. This strategic acquisition underscores NEC’s long standing commitment to offer innovative solutions to the communications industry, enabling them to transform their business, and rapidly deploy new infrastructure and services.

Tuesday, August 05, 2008

dynaTrace software Raises $12.9 Million in Second Round - Waltham, MA

dynaTrace software, a Waltham-based provider of lifecycle application performance management software for distributed Java and .NET applications, announced on Tuesday that it has raised $12.9 million in its second round of venture capital, which was led by Bay Partners. Founded in 2005, dynaTrace offers software that captures data on all individual transactions down to “code level.” Its customers include LinkedIn, EnerNOC, AutoTrader, Siemens and UBS. Bain Capital Ventures is also an investor in the company.

InstallFree raises $8.5M in VC Funding - Stamford, CT

InstallFree, Inc., the leading provider of Dynamic Desktop Computing, todayannounced it has received $8.5 Million in financing to drive the expansion of its product development and go-tomarketteams including sales and customer support and extended its board of prominent technology veterans.Dynamic Desktop Computing is an innovative approach that seamlessly delivers applications to end-users acrossa wide variety of usage scenarios and enables end-users to work anywhere without limitations.