Mindreef acquired by Progress Software - Bedford, MA

Progress Software Corporation (NASDAQ: PRGS), a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications today announced the completion of the acquisition of privately-owned Mindreef, Inc., the SOA Quality Company.

http://www.progress.com/mindreef/index.ssp

Security Innovation Lands $7.1 Million in Funding - Wilmington, MA

Security Innovation, a Wilmington-based provider of software security products and services, said that it has landed $7.1 million in its first round of funding, led by Wakefield-based Brook Venture Partners. The company said that it will use the proceeds to expand its sales and marketing activities, as well as to enhance its product development. Security Innovation's technology is designed to help clients understand the security risks in their software systems and facilitate the necessary fixes. Customers include Microsoft, IBM, FedEx, ING, Symantec, Visa, Coca-Cola and GE.

http://www.securityinnovation.com

Progress Software to Acquire IONA Technologies for $162 Million - Bedford, MA

Progress Software, a Bedford-based supplier of software for managing business applications, has agreed to pay $162 million to acquire IONA, an Ireland-based supplier of software integration technology. Large organizations use IONA’s technology for their systems, primarily in the telecommunications, financial services, manufacturing, and government sectors. “The combination of Progress Software and IONA creates the industry choice for truly independent, heterogeneous Service Oriented Architecture (SOA) infrastructure,” according to the announcement. The deal, expected to close in September, is subject to regulatory approval in the U.S., IONA shareholder approval and issuance of an order by the Irish High Court.

http://www.progress.com/investors
http://www.iona.com

OwnerIQ raises $6M in Second Round of Funding - Boston, MA

OwnerIQ, the Boston-based operator of targeted, online media programs, announced on Monday that it has raised $6 million in its second round of venture capital, led by Egan-Managed Capital. OwnerIQ operates a network of channel-focused websites to help consumers easily find and store self-support product information. The company raised $2 million in its first round of venture capital in June 2007 with an investment from Atlas Venture, CommonAngels and the Massachusetts Technology Development Corp., all of which invested in the latest round as well.

http://owneriq.net

OATSystems acquired by Checkpoint Systems - Waltham, MA

Radio frequency identification (RFID) application software and middleware maker OATSystems Inc. has entered into a definitive agreement to be acquired by New Jersey-based Checkpoint Systems Inc. Investors have included Matrix Partners and Greylock.

http://www.oatsystems.com

Optaros raises $12M in Series C round of funding - Boston, MA

Optaros Inc. has raised a $12 million Series C round of funding. The financing increases total venture capital raised by the company to $33 million. Investors in the funding included Boston-based .406 Ventures, Globespan Capital Partners of Boston, Waltham-based Charles River Ventures and General Catalyst Partners of Cambridge.

http://www.optaros.com

JazzD Markets raises $8M - Brookline, MA

JazzD Markets Inc. has raised $8 million in Series A funding. Investors include Waltham-based Commonwealth Capital Ventures and Boston-based Pilot House Ventures Group LLC. JazzD is a Brookline-based online directory startup.

Navic Networks acquired by Microsoft - Waltham, MA

Microsoft is acquiring Navic Networks for an undisclosed sum, adding interactive TV technology to its portfolio as the cable industry gears up its own advanced-advertising venture. Navic’s technology provides addressable advertising and interactive television applications on more than 35 million digital set-top boxes in North America. MSOs using the Navic platform include Comcast, Cox Communications, Time Warner Cable, Charter Communications and Canada’s Videotron.

http://www.navic.tv

Greenfield Online to be Acquired by Quadrangle for $426 Million - North Andover, MA

Greenfield Online, a Wilton-based provider of online consumer attitude survey services, announced on Monday that it has signed an agreement to be acquired by New York-based Quadrangle, a private equity firm. As a result, Greenfield, currently a publicly traded company, will be taken private. Quadrangle is paying $15.50 per share for Greenfield Online, a premium of about 17% over the company's closing share price on Friday. "Having followed Greenfield Online closely over an extended period, we became increasingly impressed with its international leadership position in online comparison shopping and survey research, as well as its record of strong growth," said Gordon Holmes, managing principal of Quadrangle, commenting on the deal.

http://www.greenfieldonline.com

Demandware acquires the assets of n2N Commerce - Woburn, MA

Demandware, a provider of ecommerce software, has acquired the assets of n2N Commerce, a Cambridge-based developer of ecommerce software for large multichannel retailers, through a sealed bid auction. Founded in 2006, n2N Commerce was a venture between Limited Brands and the venture capital firm General Catalyst Partners. The company raised $45 million in capital to design and develop its software product. Financial terms of Demandware's winning bid for the company's assets were not disclosed.

http://www.demandware.com/

Bullhorn Raises $26 Million in Venture Capital - Boston, MA

Bullhorn, a Boston-based provider of staffing and recruiting software, announced on Wednesday that it has raised $26 million in a round of venture capital, led by Highland Capital Partners and General Catalyst Partners. Bullhorn, which is profitable according to the announcement, said it will use the funds for regional market expansion, to accelerate its product development plans and increase professional services and support. The company was founded in 1999 and reports that it has achieved a 400% revenue growth rate during the past three years.

http://www.bullhorn.com/newsrelease-details.php?nid=165

Turbine Inc. Raises $40 Million in Venture Capital - Westwood, MA

Turbine Inc., the Westwood-based developer of online games, announced on Wednesday that it has raised $40 million in a venture capital deal, which was led by Time Warner Inc. and GGV Capital. Turbine's online game titles include The Lord of the Rings Online, Shadows of Angmar, Dungeons & Dragons Online and Asheron's Call. Other investors in the company include Highland Capital Partners, Polaris Venture Partners, Tudor Ventures and Columbia Capital.

http://www.turbine.com

OpenAir to be Acquired by NetSuite for $26 Million - Boston, MA

OpenAir, a privately held provider of project management software for professional services firms, has agreed to be acquired by NetSuite, a California-based provider of business management software, for $26 million in cash. All 56 OpenAir employees are expected to become NetSuite employees and continue in their current roles after the acquisition, the company said. In addition, NetSuite will establish an East Coast headquarters in OpenAir's Boston location, and will continue to invest in OpenAir's software product lines "for a minimum of ten years," according to the announcement. OpenAir has more than 40,000 active users across 300 firms that use its software to capture billable time, manage projects and resources, and bill customers. OpenAir's investors include Fidelity Capital, 3i, i-Hatch Ventures, Rex Capital.

http://www.netsuite.com/portal/press/releases/nlpr06-02-08.shtml

Credit Suisse Launches Software Firm - Burlington, MA

Financial services giant Credit Suisse announced on Monday that it is launching an independent company to market a virtual desktop and server management software application. The new company, DynamicOps, is funded by Credit Suisse's NEXT II venture group and is located in Burlington, the firm said. The company's software was initially developed by Credit Suisse's Global Research and Development Group and has been in production for more than two years. It currently manages thousands of virtual desktops and servers at multiple Credit Suisse data centers in four locations worldwide.

http://www.credit-suisse.com/news/en/media_release.jsp?ns=40808

Commonwealth Capital Ventures Leads $9 Million Round for First Coverage - Waltham, MA

Commonwealth Capital Ventures, a Waltham-based venture capital firm, has led a $9 million, second round of venture capital for First Coverage, a Toronto-based provider of software for the financial services industry that has its U.S. headquarters in Boston. Founded in 2005, First Coverage offers software-based tools designed to increase efficiencies and communication within the investment management process. The company commercially launched last year and now has a user base of about 300 firms worldwide.

http://www.firstcoverage.com