Thursday, May 28, 2009

Scenic Technology raises $1.4M in funding - Andover, MA

Scenic Technology, a technology firm and acquisition firm specializing in supply chain execution software, connectivity technology, consulting and implementation services, has raised $1.4M in funding.

Wednesday, May 27, 2009

OutSmart Power Raises $2M in Funding - Natick, MA

OutSmart Power Systems, a company that turns a building’s existing wiring infrastructure into a real-time power management network, has raised $2M in funding. The funding round was provided by Bainco International Investors of Wellesley, The Clean Energy Venture Group of Brookline and Manifold Products. OutSmart is a spin-off from Manifold Products - Boston’s leading venture engineering firm.

Crosscheck Networks Acquires Forum Systems - Newton, MA

Crosscheck Networks, a Newton-based provider of web services testing and simulation tools, announced on Wednesday that it has acquired Forum Systems, a Waltham-based provider of web service security and gateway policy enforcement technology. Financial terms of the deal between the two privately held firms were not disclosed. Mamoon Yunus, who served as Forum Systems president and CTO of Forum at the time of the acquisition, will lead Crosscheck Networks as president and CEO. Forum Systems, which was founded in 2001, will operate as a subsidiary and will be led by its vice president of operations, Rizwan Mallal.

Celtra Raises $1.2 Million in First Round - Cambridge, MA

Celtra, a Cambridge-based provider of mobile marketing technology, announced that it has raised $1.2 million in its first round of venture capital, which was led by RSG Capital, a Slovenian-based venture capital firm. Celtra was founded in 2006 by Mihael Mikek, who previously co-founded Amis d.o.o, which was acquired in 2005 by Forum Colorum, a Helios d.d. group company. Celtra provides a platform for creative agencies working on mobile ad campaign creation, deployment, management, distribution, and tracking.

Tuesday, May 19, 2009

GreenBytes Raises $7.5 Million in Venture Capital - Ashaway, RI

GreenBytes, an Ashaway-based developer of data storage technology that was founded last September, has disclosed in a filing with the Securities and Exchange Commission that it raised $7.5 million in venture capital from a single investor, which was not disclosed. greenBytes has developed a storage system that allows large organizations to manage their data “more economically, effectively and Ecologically.” The company says its software, in combination with open technologies, create a storage system that dramatically reduces power consumption and increases density, allowing companies “to reduce the carbon footprint of their information.”

Wednesday, May 13, 2009

Oracle acquires Virtual Iron - Lowell, MA

Oracle has agreed to acquire Virtual Iron Software, Inc. (Virtual Iron), a provider of server virtualization management software that enables dynamic resource and capacity management in virtualized data centers. The combination of Virtual Iron’s technology and Oracle VM's scalable, high performance and highly available server virtualization product is expected to provide more comprehensive and dynamic resource management across the full software stack. Financial terms were not disclosed.

ConnectEDU Raises $7.6 Million in Venture Capital - Boston, MA

ConnectEDU, a Boston-based website for students, educators and employers making education and employment transitions, has raised about $7.6 million in a venture capital deal that it disclosed in a new filing with the Securities and Exchange Commission. ConnectEDU's website allows access to higher education and career opportunities for students. The company was founded in 2002.

Monday, May 11, 2009

EveryZing raises $8.25M in venture funding - Cambridge, MA

EveryZing, Inc. today announced it has closed an $8.25M round of funding from its existing investors, which include Fairhaven Capital, General Catalyst Partners, Accel Partners and BBN Technologies, and added GE/NBCU’s Peacock Equity Fund as an investor.

Friday, May 08, 2009

VKernel Raises $7 Million in Second Round - Portsmouth, NH

Vkernel, a Portsmouth-based provider of data server management technology, has raised about $7 million in its second round of venture capital, according to a report in peHUB Wire, which cited a regulatory filing as its source. VKernel offers virtual server management products that are designed to enhance performance, lower costs, and simplify management of virtual data centers of all sizes. Its technology is designed to analyze capacity, chargebacks, and costs. The company’s investors include Hummer Winblad Venture Partners and Polaris Venture Partners.

Thursday, May 07, 2009

Casenet Raises $5 Million in Venture Capital - Bedford, MA

Casenet, a Bedford-based provider of healthcare management software, has raised $5 million in a venture capital deal, the company disclosed in a filing with the Securities and Exchange Commission. Founded in 2002, Casenet offers software that centers on the individual receiving care and the discipline of team-based care management. At the heart of its system is a platform that incorporates a healthcare organization’s existing processes and workflows into an intuitive environment with reporting capabilities that turn care management data into outcome data.

Kalido Raises $3 Million in Venture Capital - Burlington, MA

Kalido, a privately held, Burlington-based provider of data management, data warehouse and business intelligence software, has raised $3 million in a round of venture capital, the company disclosed in a filing with the Securities and Exchange Commission. Kalido indicated that it plans to raise a total of $5 million in the deal. The company was founded in 1997 by a team of IT professionals at Royal Dutch Shell to develop a new way of transforming data into information. In 2003, Kalido was taken private with investments from Atlas Venture and Benchmark Capital.

Wednesday, May 06, 2009

SeeWhy Raises $4.5 Million in Venture Capital - Andover, MA

SeeWhy, an Andover-based provider of software that helps retain website audiences, announced on Wednesday that it has raised $4.5 million in a venture capital deal. Participating investors include Scottish Enterprise, Scotland's main economic and investment agency; as well as existing SeeWhy investors Logispring, Pentech Ventures and Delta Partners. In connection with the Scottish Enterprise investment, SeeWhy has opened a software delivery and R&D center in Edinburgh. In addition, the company named Scott G. Silk as its CEO and Lou McNemany as its vice president of sales.

Zendesk Raises First Round of Venture Capital - Boston, MA

Zendesk, a provider of help desk systems, announced on Wednesday that it has raised its first round of venture capital, which was led by Charles River Ventures. Terms of the deal were not disclosed. Launched in 2007, Zendesk’s help desk system has now passed the 1,000 customer mark, including nearly 200 in the U.K. Among its customers are Conde Nast Publications, John Lewis plc and the Environment Agency. Zendesk said it will use the financing to expand operations and customer support to organizations worldwide, starting with a new U.S. headquarters in Boston.

Tuesday, May 05, 2009

Azuki Systems Raises $6 Million in Venture Capital Deal - Acton, MA

Azuki Systems, an Acton-based developer of software for media companies that supports the delivery of mobile websites and applications, announced on Tuesday that it has raised $6 million in a venture capital deal, which included participation from Sigma Partners and Kepha Partners, along with company executives. Founded in 2007, Azuki Systems is currently deploying services with new customers in a number of sectors, including sports and media. The company’s software powers video and other rich media content across a spectrum of application and browser-based mobile services.

Friday, May 01, 2009

Viximo raises $5M in funding - Cambridge, MA

Viximo, a Cambridge-based startup that is developing “virtual goods” for the Internet and iPhone, has raised $5 million from North Bridge Venture Partners and Sigma Partners, according to a report in Virtual Good News. In addition, the report said, Viximo has replaced its CEO Rob Frasca with Dayna Grayson, a principal at North Bridge. Viximo is refocusing its business model to provide Internet content for partners to incorporate into their applications and games. The company is maintaining its in-house design team and seeking to partner with brand and agency partners to produce virtual goods and virtual currency based around IP brands and celebrity licensing.