Active Endpoints Raises $5 Million More in Second Round - Waltham, MA

Active Endpoints, a Waltham-based provider of business software development tools, announced on Wednesday that it has raised $5 million more from North Bridge Venture Partners in an extension of its second round of venture capital. Active Endpoints’ technology allows developers, business analysts, operations staff and managers to model, develop, test, deploy and manage standards-based business process management applications. The company has development facilities in Shelton, Conn. Atlas Venture is another investor in the company.

http://www.activevos.com

iX Partners Acquired by Headstrong - Salem, NH

In its second major expansion this year, Headstrong, a large provider of financial consulting services, said that it has acquired iX Partners (iXP), a Salem-based provider of middle and back-office software and services to the asset management and financial services industries. Financial terms of the deal were not disclosed. Headstrong said that the acquisition will extend its range of offerings to financial services clients. The move comes just three months after Headstrong also acquired Florida-based Lydian Data Services (LDS).

http://www.headstrong.com/story.cfm?id=1-872

Phase Forward Acquires Cambridge-based Waban Software - Waltham, MA

Phase Forward, a Waltham-based provider of data management software, announced on Wednesday that it has acquired Waban Software, a Cambridge-based provider of automation software for clinical data analysis. The acquisition was priced at $14 million for Waban, a privately held firm that had about $4 million in revenue and a breakeven operating income in 2008. Waban’s organization consists of 81 employees. Its local operations now will be located in Phase Forward’s headquarters in Waltham.

http://www.phaseforward.com

Demandware Raises $15 Million in 4th Round of Venture Capital - Woburn, MA

Demandware, a Woburn-based provider of ecommerce software, disclosed in a new filing with the Securities and Exchange Commission that it has raised $15 million in its fourth round of venture capital. Founded in 2004, Demandware provides technology for launching multiple ecommerce sites, customizing the consumer experience from content to code, and maintaining sites. Its clients include Bare Escentuals, Barneys New York, Crocs, Jones Apparel Group, Playmobil, s.Oliver and Timberland. Investors in Demandware include North Bridge Venture Partners, General Catalyst Partners, and T-Venture Holding.

http://www.demandware.com/

New Atlantic Ventures Raises $115 Million for New Fund - Cambridge, MA

New Atlantic Ventures (NAV), a venture capital firm based in Cambridge and Virginia, said that it has raised $115 million for a new fund to invest in early-stage information technology companies. The firm's third fund will primarily focus on East Coast start-ups in areas such as wireless data, new media, online business services and other emerging technologies. "This is a terrific time to have a fresh pool of capital, and we are putting it to work," said John Backus, a managing partner with the firm. "NAV has now invested in eight companies -- six of them in 2008 and two so far in 2009." Six of the eight are headquartered in either Massachusetts, Virginia or New York.

http://www.navfund.com

DataXu Raises $6 Million in First Round of Venture Capital - Cambridge, MA

DataXu, the Cambridge-based developer of an Internet advertising system, has raised $6 million in its first round of venture capital, according to a report in peHUB, which cited a regulatory filing. Investors in the deal include Flybridge Capital Partners and Atlas Venture. Currently under development, DataXu’s technology is an automated system that matches advertisers, publishers, and web users at a rate of hundreds of thousands of requests per second, according to the company, which was founded by MIT alums and professionals.

http://www.dataxu.com/

Reva Systems Raises $5 Million in Venture Capital Deal - Chelmsford, MA

Reva Systems, a Chelmsford-based provider of radio frequency identification (RFID) technology, has raised $5 million in a venture capital, the company announced on Tuesday. The deal was led by North Bridge Venture Partners and Charles River Ventures, both original backers since the company's founding in 2004. The investment follows a 43% growth in revenue by Reva in 2008, and will be used primarily to expand Reva's international network of resellers and technology partners and to drive new product offerings based on the company’s “tag acquisition processor” technology.

http://www.revasystems.com

ScanScout Raises $5.1 Million in Third Round of Venture Capital - Boston, MA

ScanScout, a Boston-based provider of online video advertising networks, has raised $5.1 million in its third round of venture capital, according to a report in peHUB Wire, which cited a regulatory filing. Investors in the deal include Catalyst Partners, First Round Capital, Time Warner and Ron Conway, the report said. Founded in 2005, ScanScout, develops video streaming software and partners with large advertisers and publishers to maximize video advertising opportunities. The company says it serves “hundreds of millions of ad impressions every month.”

http://www.scanscout.com

Ember Corp. Raises $8 Million in Venture Capital - Boston, MA

Ember Corp., a Boston-based provider of wireless sensor and control network technologies that support energy efficiency improvements for businesses, homes, and the utilities, announced on Monday that it has raised an additional $8 million in venture capital from a group of investors. Founded in 2001, Ember offers chips, software and tools that help consumers, businesses and utilities to better manage energy resources and save costs. Ember’s low-power networking technology was conceived in MIT’s Media Labs in the late 1990s. Investors in the company include Polaris Venture Partners, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet Ventures, New Atlantic Ventures, WestLB Mellon Asset Management, Chevron Technology Ventures, Stata Venture Partners, STMicroelectronics, Hitachi Corporation and MIT.

http://www.ember.com

Online Data Backup Firm AmeriVault Merging with NTG - Waltham, MA

AmeriVault, an online backup provider, and NTG, a Louisiana-based hosting services and data protection company, on Monday announced they are merging into a single company called Venyu, which will offer commercial-grade, customizable solutions for data protection, availability and recovery. According to Venyu, bolstered by the financial strength and stability of both company’s parent, PHNS, it will give small-to-medium sized businesses more reliable data protection and recovery alternatives and eliminates the need for courier services, back-up tape and on-premise hardware.

http://www.venyu.com

NuView Raises $5 Million from Petra Capital Partners - Wilmington, MA

Petra Capital Partners, a private equity firm based in Nashville, Tenn., announced on Monday that it has invested $5 million investment in NuView Systems, a Wilmington-based provider of human resource management systems and payroll software tools. Privately held NuView has about 300 organization customers worldwide. Its software helps manage an organization’s people, process, and strategy. NuView said plans to use the investment proceeds to fund the expansion of its sales, marketing and professional service capabilities to support its increasing share of the growing human resources management software industry.

http://www.nuviewinc.com

Basho Technologies Raises $2 Million in Second Round - Cambridge, MA

Basho Technologies, a Cambridge-based provider of sales automation and analysis software, announced on Wednesday that it has raised $2 million in its second round of venture capital. The deal was led by Harbor Island Equity Partners, with participation from the Wilmington Investor Network, an angel investment group of entrepreneurs based in Wilmington, N.C. Basho said it will use the newly raised funds for general corporate purposes and to commence sales of Basho Open, its first product.

http://www.basho.com

Sepaton raises $15.5M Series F round of funding - Marlborough, MA

Sepaton Inc., a maker of tapeless data storage and backup technologies, has closed a $15.5 million Series F round of funding. The investment, was led by new investor Focus Ventures. Returning investors in Sepaton include Califorina-based Menlo Ventures, Virginia’s Valhalla Partners, Israel-based Jerusalem Venture Partners and Boston-based HarbourVest Partners.

http://www.sepaton.com