CloudSwitch Raises $8M - Burlington, MA
http://www.cloudswitch.com
Daily reports on funding announcements in the Boston / Northeast region for venture capital plus mergers and acquisitions, specific to the high tech industry.
OutStart, Inc., the leader in social business software and learning systems, has extended the reach of its solutions by merging with mobile leader Hot Lava Software, a company with applications for reaching the world's estimated 4.1 billion mobile cellular subscribers. The newly combined companies will conduct business as OutStart. Massood Zarrabian continues as CEO and president of OutStart, while Bob Sanregret, CEO of Hot Lava Software, becomes vice president of the OutStart Hot Lava Mobile business unit.