Northeast Venture Capital Funding and M / A Activity

Announcing VentureFizz (http://venturefizz.com)

2009-08-03T15:44:00.004-05:00

I am very excited to announce the transition of this blog: Northeast Venture Capital Funding and M&A Activity to VentureFizz (http://venturefizz.com)

VentureFizz is a destination website where you can find all things buzzing in Boston's technology community. Features include: Company Research, News, Job Board, Blogs, Twitter, VC Fundings, and a Networking Calendar.

Moving forward, all posts will be made on VentureFizz. All prior posts may be found on the new site and are searchable.

Thank you for your support on this blog throughout the years. I hope you find the new site even more beneficial with all the additional content and features.

All email subscribers to the daily feed will also receive an announcement of VentureFizz and will continue to receive regular updates from our new site.

Please visit: www.venturefizz.com ....and help me spread the word by sharing this site with your friends & colleagues!

Akiba raises $6.5M in Venture Capital funding - Boston, MA

2009-07-21T11:22:00.001-05:00

Akiba, a Boston-based startup, developing a database virtualization solution that enables effortless scalability across nodes, both within the enterprise and in the cloud, has raised $6.5M in venture capital funding.

http://www.akibainc.com

Acquia raises $8M in Venture Capital funding - Andover, MA

2009-07-20T11:21:00.002-05:00

Acquia, an open source software company providing value-added products and services for the Drupal social publishing system, has raised $8M in a second round of venture capital funding. Investors included Sigma Partners and North Bridge Venture Partners.

http://www.acquia.com

Go2 Media raises $3M in Venture Capital funding - Boston, MA

2009-07-20T11:21:00.001-05:00

go2 Media(TM) (www.go2.com), a mobile media company that delivers personalized local information and entertainment content, today announced that it closed a $3 million funding round led by General Catalyst.

http://www.go2.com

MedVentive raises $7.25M in third round of VC funding - Waltham, MA

2009-07-20T11:20:00.004-05:00

MedVentive, the leading provider of integrated performance management solutions for health plans and providers, is pleased to announce the next phase of its growth will be fueled by a new Series C $7.25M investment. New investor, Excel Venture Management, a premier investment partner in the healthcare industry, co‐led the round with existing investor HLM Venture Partners, and Long River Ventures also participated in this round. Enrico Petrillo, M.D., Managing Director at Excel Venture Management, will join the Company’s Board of Directors and Caleb Winder, Vice President at Excel will be a Board Observer.

http://www.medventive.com/pdf/pr_MedVentiveReceivesSeriesCFunding.pdf

Tributes raises $1.2M in Venture Capital funding - Boston, MA

2009-07-20T11:20:00.003-05:00

Tributes, Inc. today announced that is has closed a second round of funding adding another $1.2 million to its first round, bringing the total amount of capital raised to $5.4 million, by a strategic group of both existing and new investors representing both funeral service and the Boston tech community. The financing will provide ongoing support in the further development of Tributes.com into the leading national online destination for timely obituary news and lasting tributes celebrating loved ones’ lives.

http://www.tributes.com/global/press_article/47

ConnectEDU raises $8.2M in funding - Boston, MA

2009-07-20T11:20:00.001-05:00

ConnectEDU, the nation’s leading technology firm dedicated to providing students, educators and employers with comprehensive solutions to successfully navigate education and employment transitions, has raised $8.2 million in venture funding which was led by Allen & Co.

http://www.connectedu.net

Nexage raises $4M in first round of funding - Boston, MA

2009-07-20T11:19:00.000-05:00

Nexage, a leading provider of mobile advertising solutions, has closed US$4 million in Series A funding from BlackBerry Partners Fund and GrandBanks Capital. The funding will be used by Nexage to scale its mobile advertising platform to meet the needs of its growing global customer base, and to strengthen its sales and marketing efforts. Concurrent with the funding, mobile advertising pioneer Mike Baker has been appointed as Chairman of the Nexage Board of Directors; while Matt Golden, Partner at BlackBerry Partners Fund, and Ryan Moore, General Partner at GrandBanks Capital, will be joining the Nexage Board of Directors.

http://www.nexage.com

HP acquires IBRIX - Billerica, MA

2009-07-20T11:18:00.000-05:00

HP and IBRIX today announced a definitive agreement for HP to acquire IBRIX, a leading provider of enterprise-class file serving software that includes data protection, high-availability features and data management services for extreme scale-out, cloud and high-performance computing deployments. Founded in 2000, and an HP partner for three years, IBRIX is privately held and headquartered in Billerica, Mass. It has 53 employees and more than 175 enterprise customers spanning the communications, media, entertainment, Internet, oil and gas, healthcare, life sciences, and financial services markets. The value of the transaction is not disclosed.

http://www.hp.com/hpinfo/newsroom/press/2009/090717xa.html

Experience raises $4.5M in venture capital funding - Boston, MA

2009-07-10T20:25:00.001-05:00

Experience, Inc., the only university-endorsed career network bridging the gap between college and the working world, raised $4.5M in venture capital funding.

http://www.experience.com

ActiFio raises $4M in VC funding - Weston, MA

2009-07-02T07:49:00.002-05:00

ActiFio Inc., a Weston, Mass.-based stealth storage startup, has secured $4 million of an $8 million Series A round, according to a regulatory filing. The company's only listed executive is Ash Ashutosh, a partner with VC firm Greylock and former StorageWorks chief technologist. Listed as a board member is James Goldstein, a partner with North Bridge Venture Partners.

http://actifio.appspot.com/

CloudSwitch Raises $8M - Burlington, MA

2009-06-30T11:07:00.002-05:00

CloudSwitch, Inc., a developer of an innovative software appliance that delivers the power of cloud computing seamlessly and securely so enterprises can dramatically reduce cost and improve responsiveness to the business, today announced that it has added John McEleney as its Chief Executive Officer and President, and completed a second round of financing from top-tier venture capitalist firms. Led by Commonwealth Capital Ventures, the $8 million series B round includes initial investors Matrix Partners and Atlas Venture and brings the Company's total funding to more than $15 million.

http://www.cloudswitch.com

XyEnterprise Acquired by SDL - Wakefield, MA

2009-06-29T14:50:00.001-05:00

XyEnterprise, a Wakefield-based developer of XML component content management software, announced on Monday that it has been acquired by SDL, a U.K.-based provider of information management software that has its U.S. headquarters in Waltham and San Jose, Calif. Financial terms between the two privately held firms were not disclosed. XyEnterprise was founded in 1998. SDL said that the acquisition significantly expands its own product offering and technical capabilities.

http://www.sdltrisoft.com/en/landing-pages/acquisition/

ClickFuel Raises $2.5 Million in First Round

2009-06-25T10:24:00.000-05:00

ClickFuel, a Boston-based provider of Internet marketing services to small and mid-sized businesses, said on Thursday that it has raised $2.5 million in its first round of funding, led by Baird Venture Partners. The company said that it will use the proceeds to further expand its sales and marketing efforts, as well as extend its product line. ClickFuel was founded last year by Steve Pogorzelski, a former senior executive at Monster Worldwide, and Colby West, the co-founder of AuctionPal. "We secured this funding based on our ability to differentiate our services from those currently offered," said Pogorzelski.

http://www.clickfuel.com/

Beaumaris Networks raises $5.3M in VC Funding - Waltham, MA

2009-06-17T08:17:00.000-05:00

Stealth mode telecom startup, Beaumaris Networks, has raised $5.3 in venture capital funding from Charles River Ventures. Former CRV entrepreneur in residence, Conrad Clemson, is heading the company as president and CEO.

LogMeIn Files for IPO to Raise Estimated $123 Million - Woburn, MA

2009-06-16T18:23:00.001-05:00

LogMeIn, a Woburn-based provider of remote-connectivity technology for Internet-enabled devices, has filed with the Securities and Exchange Commission for its initial public offering of stock to raise an estimated $123 million. Founded in 2003, LogMeIn entered into a service and marketing agreement with Intel in 2007 to jointly develop a service that delivers connectivity to computers built with Intel components. Under the four-year agreement, LogMeIn is adapting its service delivery platform to work with specific technology delivered with Intel hardware and software products. In conjunction with this agreement, Intel invested $10 million in LogMeIn, which had $17.2 million in revenue for the three months ended March 30 and a profit of $2.3 million. That compares to $9.9 million in revenue and a loss of $3.7 million in the same period a year ago. LogMeIn estimates that it will price about 7.7 million shares at $16 million in its IPO.

http://www.logmein.com

Going acquired by AOL - Boston

2009-06-11T14:35:00.002-05:00

AOL announced that it has acquired Boston-based Going, Inc., developer of a platform where users share information about local activities. Financial terms of the deals were not disclosed. "Local remains one of the most disaggregated experiences on the web today -- there’s a lot of information out there but simply no way for consumers to find it quickly and easily," said Tim Armstrong, AOL's chairman and CEO.

http://www.going.com

http://corp.aol.com/press-releases/2009/06/aol-acquires-two-local-services-patch-and-going

Hangout Raises $4M in Venture Capital Funding - Boston, MA

2009-06-09T15:17:00.001-05:00

Hangout has closed $4 million in venture capital. Hangout has created online technologies for users to customize their MySpace accounts with rooms of their choice, avatars and other digital media. Investors in the round included Highland Capital Partners and Polaris Venture Partners.

http://www.hangout.net

Gather Inc. Raises $5.3 Million in Venture Capital - Boston, MA

2009-06-09T15:12:00.000-05:00

Gather Inc., a Boston-based social network, announced on Tuesday that it has raised $5.3 million in a venture capital round with Allen & Co., American Public Media, Jim Manzi, former CEO of Lotus Development, Jack Connors, former CEO of Hill Holiday, Kevin McClatchy, Andrew Tobias and the Gerace family. Gather announced that it had a sales increase of 49% in the first quarter over the same period a year ago. The company’s social network helps users make new friends and form new social circles. Gather said it raised the additional capital to fund operations at its current run rate through to profitability expected in early 2010.

http://www.gather.com

OutStart merges with Hot Lava Software - Boston, MA

2009-06-08T14:03:00.000-05:00

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.

http://bit.ly/42QezX

E Ink acquired by Prime View International - Cambridge, MA

2009-06-01T08:01:00.002-05:00

Prime View International (“PVI”), a leading small and medium display provider and the world’s highest volume supplier of ePaper display modules, today announced that it has signed a definitive agreement to acquire E Ink Corporation, the leader in electronic paper display materials and intellectual property for approximately $215 million.

E Ink's technology is a main component of Amazon's very successful Kindle e-reader product.

http://www.eink.com

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

2009-05-28T08:44:00.002-05:00

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.

http://www.scenictechnology.com/

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

2009-05-27T16:13:00.002-05:00

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.

http://www.outsmartinc.com

Crosscheck Networks Acquires Forum Systems - Newton, MA

2009-05-27T16:08:00.003-05:00

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.

http://www.crosschecknet.com/

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

2009-05-27T16:08:00.001-05:00

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.

http://www.celtra.com/

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

2009-05-19T13:40:00.000-05:00

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.”

http://www.green-bytes.com

Oracle acquires Virtual Iron - Lowell, MA

2009-05-13T14:42:00.002-05:00

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.

http://www.oracle.com/us/corporate/press/018535

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

2009-05-13T14:39:00.002-05:00

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.

http://www.connectedu.net

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

2009-05-11T09:08:00.001-05:00

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.

http://www.everyzing.com

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

2009-05-08T14:37:00.000-05:00

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.

http://www.vkernel.com/

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

2009-05-07T13:44:00.000-05:00

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.

http://www.casenetinc.com

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

2009-05-07T13:43:00.000-05:00

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.

http://www.kalido.com

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

2009-05-06T14:11:00.000-05:00

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.

http://www.seewhy.com

Zendesk Raises First Round of Venture Capital - Boston, MA

2009-05-06T14:10:00.000-05:00

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.

http://www.zendesk.com/

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

2009-05-05T14:02:00.000-05:00

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.

http://www.azukisystems.com/

Viximo raises $5M in funding - Cambridge, MA

2009-05-01T14:08:00.000-05:00

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.

http://www.viximo.com

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

2009-04-29T14:45:00.001-05:00

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

2009-04-28T12:59:00.000-05:00

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

2009-04-23T08:05:00.001-05:00

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

2009-04-23T08:04:00.001-05:00

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

2009-04-17T12:11:00.000-05:00

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

2009-04-16T13:24:00.001-05:00

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

2009-04-14T14:16:00.000-05:00

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

2009-04-13T14:05:00.001-05:00

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

2009-04-09T12:47:00.000-05:00

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

2009-04-09T12:46:00.002-05:00

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

2009-04-09T12:46:00.001-05:00

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

2009-04-09T10:13:00.000-05:00

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

2009-04-03T09:41:00.002-05:00

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

Google Ventures Launches Co-Managed by Rich Miner - Cambridge, MA

2009-03-31T13:51:00.001-05:00

Rich Miner, the former vice president of mobile platforms at Google, will head the company’s newly announced venture capital fund and will be based in Cambridge, according to blog reports. The new group will focus on early-stage investments in a range of industries, including consumer Internet, software, clean-tech, bio-tech, health care “and, no doubt, other areas we haven't thought of yet,” Miner posted Monday night on Google’s blog. “If you think you have the next big idea, or if you just want to learn more, please see our website,” Miner said.

http://googleblog.blogspot.com/2009/03/googles-newest-venture.html http://www.google.com/ventures

SpaceClaim raises Series C round of funding - Concord, MA

2009-03-31T10:04:00.001-05:00

SpaceClaim, provider of the world’s fastest and most innovative 3D Direct Modeling solutions, today announced that the company has secured an additional $7 million in funding to support ongoing R&D in product innovations, and to drive sales and marketing expansion as the demand for direct modelers increases for the performance of conceptual design, engineering analysis, and simulation-driven design. The round is co-led by existing investors including Borealis Ventures, Kodiak Venture Partners, Needham Capital Partners, and North Bridge Venture Partners.

http://www.spaceclaim.com

InStream Media raises first round of funding - Waltham, MA

2009-03-31T10:01:00.001-05:00

InStream Media Inc., a provider of targeted marketing programs delivered through brick-and mortar-retailers at the point of sale, has completed a Series A financing (approxmiately $2M) co-led by CommonAngels and Stage 1 Ventures and joined by individual investors.

http://www.instreamglobal.com

Charles River Ventures Raises $320 Million for 14th Fund - Waltham, MA

2009-03-30T13:55:00.001-05:00

Charles River Ventures (CRV), a Waltham-based venture capital firm, announced on Monday that it has raised $320 million for its fourteenth investment fund. CRV, which focuses on early-stage businesses, said it will continue to invest in early-stage information technology companies within the communications, Internet, and software segments as well as emerging companies focused on energy and intellectual property. Founded in 1970, CRV now has about $2.1 billion under management.

http://www.crv.com

LaunchCapital Announces 6 Startup Investments - Cambridge, MA

2009-03-26T13:52:00.000-05:00

LaunchCapital, a newly formed, Cambridge-based venture capital firm that invests in seed-state deals, announced that it has done six deals in the last three months. The firm typically invests between $50,000 and $150,000, in a variety of industry sectors. The six start-up businesses that LaunchCapital recently invested in include Vigix, iTeam, Cardiophotonics, FMP Products, SafePorch and Helix. Background on the companies is available at the link below.

http://www.launch-capital.com

Visible Measures Raises $10M Series C - Cambridge, MA

2009-03-26T09:19:00.001-05:00

Visible Measures, the independent third-party measurement firm for Internet video publishers, advertisers, and viral marketers, announced today that it has secured a Series C round of financing of $10 million, led by new investor Northgate Capital with participation from existing investors General Catalyst Partners and MDV-Mohr Davidow Ventures. Visible Measures has raised over $29 million in total financing to date. This new financing will help solidify Visible Measures’ market position as the third-party measurement provider of choice for the Internet video industry’s leading advertisers, publishers, and aggregators.

http://www.visiblemeasures.com

Spark Capital Launches New Seed-Stage Investment Fund - Cambridge, MA

2009-03-25T14:19:00.001-05:00

Spark Capital announced on Wednesday the launch of Start@Spark, an initiative focused on seed stage investments in the New York and Boston areas. The firm focuses on businesses media, entertainment, and technology sectors. Its new fund will offer seed-stage investments of up to $250,000. “Yes, we are in a global economic recession and yes the new media markets are being impacted,” the announcement said. “So, this must be a terrible time to fund a start-up company. Correct? Au contraire. This may be the best time in the last 8 years to start a company. While capital is scarce, the tectonic plates continue to shift creating major rifts. The walls are coming down and the barriers to entering new markets are falling along-side.”

http://www.sparkcapital.com/news/article/why_are_we_doing_this/

Extreme Reach raises an additional round of Venture Capital - Needham, MA

2009-03-24T13:20:00.001-05:00

Extreme Reach, the Needham-based provider of a video advertising management platform for multiple media, announced on Tuesday that it has secured a venture capital round from a Greycroft Partners, Village Ventures and Long River Ventures. Terms of the deal were not disclosed. Extreme Reach’s platform connects advertisers and agencies with thousands of media destinations and allows them to manage, deliver and track their campaigns across TV, Web and mobile. The Extreme Reach SaaS platform is an all-software technology that provides ad-streaming and ad-delivery capabilities.

http://www.extremereach.com/press/2009_03_10_news.html

FirstBest Systems Raises $6 Million in Second Round - Bedford, MA

2009-03-24T13:19:00.000-05:00

FirstBest Systems, a Bedford-based developer of insurance underwriting management software, announced that it has raised $6 million in its second round of venture capital, which was led by Flybridge Capital Partners and Brookstone Partners. FirstBest’s system combines an insurance underwriting workstation with an agent portal for commercial insurance carriers. The software helps promote enhanced underwriting discipline and best practices. FirstBest was founded in 2006.

http://www.firstbest.com/8ec9a359-d16e-457d-b9d7-530ee92f4600/press-release-detail.htm

MedAptus raises $6M in 4th round of funding - Boston, MA

2009-03-19T10:31:00.001-05:00

MedAptus, market leader for charge capture technologies, today announced that it has secured $6 million in capital in a financing led by existing investor, Boston Millennia Partners. This investment will enable MedAptus to further support the growth of its Intelligent Charge Capture suite of products.

http://www.medaptus.com

Quattro Wireless Raises $10 Million in Third Round - Waltham, MA

2009-03-16T13:25:00.001-05:00

Quattro Wireless, a Waltham-based publisher ad network, on Monday announced that it raised an additional $10 million in its third round of venture capital to accelerate international growth and continue developing predictive mobile targeting technology. The financing deal was led by Highland Capital Partners and Globespan Capital Partners. Founded in 2006, Quattro provides digital advertising services across all channels (mobile web, SMS, applications, video) and platforms (iPhone, Blackberry and Android).

http://www.quattrowireless.com

Veracode Raises $5 Million in Third Round - Burlington, MA

2009-03-10T14:18:00.001-05:00

Veracode, a Burlington-based provider of software security testing services, has raised $5 million in its third round of venture capital, which included funds from Polaris Venture Partners, .406 Ventures and Atlas Venture, according to a report in peHUB Wire, which cited a regulatory filing. Founded in 2006, Veracode offers services for code analysis and dynamic web analysis to assess application security threats including vulnerabilities and malicious code. The company’s service is designed to reduce operational cost and achieve compliance without requiring any hardware, software or training.

http://www.veracode.com/

Onset Technology Lands $3 Million in Funding - Waltham, MA

2009-03-05T15:09:00.000-05:00

Onset Technology, a Waltham-based developer of software that helps companies comply with regulatory requirements for monitoring and archiving wireless messages, said that it has secured $3 million in a new round of funding, led by the Cedar Fund. The Challenge Fund and Jerusalem Global Ventures also participated. The 12-year-old company said that it will use the proceeds to bolster its research and development activity, expand its support for BlackBerry smartphones and introduce new versions of its software for iPhone, Windows Mobile and Symbian devices. Onset's tools allow companies to scan, block and archive all wireless communications, helping them stay in compliance with regulations from the SEC and NASD, as well as federal rules such as Sarbanes-Oxley.

http://www.onsettechnology.com/news/48780

Digital Reef emerges from stealth mode with $20M in funding - Boxborough, MA

2009-03-04T14:03:00.002-05:00

Digital Reef Inc., a provider of software for managing unstructured data, has formally emerged from stealth mode with $20 million in venture backing. VC investors include Matrix Partners and Pilot Hill Ventures.

http://www.digitalreefinc.com

Verivue Launches Operations, Releases First Products - Westford, MA

2009-03-04T13:58:00.000-05:00

Following two years in stealth mode, Westford-based Verivue said that it officially has launched operations by releasing its first media storage and delivery system for telecoms, cable operators and content delivery networks. The company, which reportedly has raised $65 million since its inception in 2006, said that its system integrates servers, storage, networking and applications into a unified platform, allowing it to better address the rapid growth of IP video then traditional server-based delivery methods.

http://www.verivue.com

CashStar Lands $4M, Launches Gift Card Platform - Portland, ME

2009-03-03T20:07:00.001-05:00

Following its incubation by Coupons Inc., Portland-based CashStar said that it has raised more than $4 million to launch its new interactive gift card platform. The platform, already in use by clients such as Uno Chicago Grill, Travelocity Incentives and Gorham Bike & Ski, allows retailers to securely email monetary value, such as interactive gift cards, rewards, incentives and rebates. "Coupons.com has been incredibly successful at connecting online and physical markets as consumers shift from newspaper to the web," said Steven Boal, the president and CEO of Coupons Inc. "We anticipate that the same will happen in the gift card market, as more consumers shift from plastic gift cards to… virtual gift cards that can be redeemed online or in-store." CashStar utilizes Coupons Inc.'s print barcode technology, and also uses the company's network to promote its customers' gift card offerings.

http://www.couponsinc.com
http://www.cashstar.com

Bessemer Venture Partners Raises $350M for 7th Fund - Wellesley Hills, MA

2009-02-26T14:01:00.001-05:00

Bessemer Venture Partners, an international venture capital firm with offices in Wellesley Hills, announced on Thursday that it has raised $350 million in supplemental capital for its seventh fund, which closed in June 2007 with more than $1 billion. Founded in 1911, Bessemer specializes in venture capital investments, but also participates in late-stage financings and sometimes makes small, seed-stage investments below $1 million. More typically, the firm makes investments in the range of $4 million to $10 million, in a range of industries.

http://biz.yahoo.com/prnews/090226/3846102en_public.html?.v=1

Apparent Networks Raises $12 Million in Third Round - Wellesley Hills, MA

2009-02-25T13:26:00.000-05:00

Apparent Networks, a Wellesley Hills-based provider of IT performance management technology, announced on Wednesday that it has raised $12 million in its third round of venture capital, which was led by Egan-Managed Capital. Founded in 2000, Apparent Networks’ software is designed to provide service insight required for new “cloud” applications by assessing network readiness, monitoring service levels, and diagnosing problems otherwise hidden from sight. Other investors in the company include Bain Capital Ventures, JMI Equity and Business Development Bank of Canada.

http://www.apparentnetworks.com

Netezza Acquires Maynard-based Tizor Systems - Maynard, MA

2009-02-25T13:25:00.000-05:00

Tizor Systems, a privately held, Maynard-based provider of data auditing and protection products for data centers, has been acquired by Netezza, a Marlborough-based maker of data warehouse and analytic appliances. Netezza said that the acquisition will allow its enterprise customers to track, store and perform forensic analysis against years of data access history, and to more easily meet regulatory compliance requirements. Tizor will operate as a subsidiary of Netezza. Founded in 2002, Netezza was backed by Masthead Venture Partners, Hummer Winblad Venture Partners, Longworth Venture Partners, CommonAngels and Navigator Technology Ventures.

http://www.netezza.com/releases/2009/release022409.htm

Aveksa raises $10M Series C - Waltham, MA

2009-02-25T10:49:00.000-05:00

Aveksa, Inc., the market-leading provider of enterprise access governance solutions, announced today that it closed a $10 million Series C round of financing. FTV Capital led the round, reaffirming its strong commitment to Aveksa, which has emerged as the industry leader for governing user access to information resources for sustainable compliance and risk management. The round also includes continued participation from FirstMark Capital and Charles River Ventures.

http://www.aveksa.com/news-events/press-releases/upload/Aveksa-Secures-10-Million-in-Series-C-Funding.pdf

FetchDog.com Raises $4 Million in Venture Capital - Portland, ME

2009-02-10T16:44:00.000-05:00

FetchDog.com, a Portland-based, online destination for dog owners to “shop, learn and socialize, announced that it has raised $4 million round of venture capital, which was led by Borealis Capital Partners and Harbor Light Capital Partners. The company has previously been financed primarily by Black Point Group David E. Shaw, Glenn Close, William T. End, Benjamin Shaw and a number of individual investors. FetchDog publishes a catalog for dog supplies, a $35+ billion market in the U.S., according to FetchDog.

http://www.fetchdog.com

Black Duck Raises $9.5 Million in Venture Capital, Debt - Waltham, MA

2009-02-09T14:15:00.000-05:00

Black Duck Software, a Waltham-based provider of products and services for accelerating software development, announced on Monday that it has raised $9.5 million, including $5 million of equity investment from current investors General Catalyst Partners, Fidelity Ventures, Flagship Ventures, Focus Ventures, Intel Capital, SAP Ventures and Red Hat. The company has also raised $4.5 million of venture debt financing from Gold Hill Capital. Black Duck said it will use the funds to support continued growth, enhance products and expand its international distribution capabilities. The company said the financing comes on the heels of a strong 2008 performance, in which it posted growth of 42% in year-over-year bookings and subscription and services growth of 65%.

http://www.blackducksoftware.com

Oracle acquires mValent - Waltham, MA

2009-02-05T09:59:00.000-05:00

Oracle announced it has entered into an agreement to acquire mValent, a leading provider of application configuration management solutions. With the acquisition of mValent, Oracle is expected to enable customers with the ability to collect, compare and reconcile deep configuration information of complex systems. The mValent solution ensures consistent configuration across IT environments and also provides agile support for ongoing environment and technology changes.

http://www.oracle.com/mvalent/index.html

HiWired Acquired by Radialpoint - Needham, MA

2009-01-30T12:30:00.001-05:00

HiWired, a Needham-based provider of technology support service providers to ISPs, has been acquired by Radialpoint, a Montreal-based provider of Internet security and care services for ISPs. Terms of the deal between the two privately held firms were not disclosed. HiWired was founded in 2004. The company raised about $13 million in venture capital from Kodiak Venture Partners, North Hill Ventures, and Sigma Partners. Prior to being acquired by Radialpoint, HiWired's customers included Comcast, Cox Communications and Windstream.

http://www.hiwired.com/

Atlas Venture Raises $283 Million for New Investment Fund - Waltham, MA

2009-01-30T12:29:00.001-05:00

Atlas Venture, a Waltham-based venture capital firm, has raised $283 million for its latest investment fund, the firm’s eighth. Atlas also announced that it has promoted Bruce Booth to partner in its life sciences group. Booth joined the company in 2005 and currently sits on the boards of Ivrea and Zafgen, and is chairman and co-founder of Miragen. The first investment made so far by Atlas’s latest fund was with CloudSwitch, a cloud computing technology start-up that is currently in stealth mode. Atlas Venture co-led the company’s $7.4 million first investment round.

http://www.atlasventure.com/newsandevents/news.cfm?id=3043

WordStream Launches Service, Raises $4 Million in First Round - Boston, MA

2009-01-28T13:35:00.000-05:00

WordStream, a Boston-based provider of search engine marketing services, announced on Wednesday that it has officially launched. In addition, the company disclosed that it has raised $4 million in its first round of venture capital, which came from Sigma Partners. Also, the company has named Rob Adler as its president and CEO. Adler was previously co-founder and president of CCBN, a provider of online financial services that was acquired by Thomson Financial in 2004 for about $160 million. Founded last year, WordStream offers search marketing productivity tools for paid and “natural” search engine marketing.

http://www.wordstream.com/press/wordstream-series-a-financing-sigma-partners

Navint Consulting Merges with Tribridge - Lowell, MA

2009-01-27T14:20:00.001-05:00

Navint Consulting, a Lowell-based provider of business software and IT services, announced that it has merged with Tribridge, a Tampa-based provider of business software and IT services. The merger of Tribridge, with a strong presence in the southeast and central regions, and Navint, with equally solid representation in the northeast and western regions, will create a complementary, diversified IT services firm with a national footprint, according to the announcement. Terms between the two privately held firms were not disclosed.

http://www.navintconsulting.com

CloudSwitch raises $7.4M - Waltham, MA

2009-01-26T13:16:00.001-05:00

CloudSwtich, a Waltham-based developer of software for cloud computing networks, has raised $7.4 million in its first round of venture, which included participation from Matrix Partners and Atlas Partners, according to published reports. Cloud Switch is currently in “stealth mode” and not disclosing much about its business plan.

http://www.cloudswitch.com/

xkoto Raises $3 Million More from GrandBanks, GrowthWorks - Waltham, MA

2009-01-26T13:15:00.001-05:00

xkoto, a Waltham-based, database virtualization company, announced on Monday that it has raised $3 million more in financing from existing investors GrandBanks Capital and GrowthWorks Canadian Fund. Founded in 2005, xkoto offers technology that allows businesses to ensure maximum scalability and availability for critical applications. Xkoto said it added several global corporations as customers last year, and closed the year with 275% growth in the fourth quarter. xkoto has now raised a total of $13 million since it was founded in 2005.

http://www.xkoto.com/news_events/pressreleases.php

Lumigent Raises $6 Million from North Bridge Venture Partners - Acton, MA

2009-01-26T13:14:00.002-05:00

Lumigent Technologies, an Acton-based provider of software that automates compliance reporting in heavily regulated industries, announced on Monday that it has raised $6 million in venture capital from North Bridge Venture Partners. Founded in 1999, Lumigent offers audit and compliance software that improves visibility into application data activity and maintains the integrity of business information. Its target industries financial services, healthcare, manufacturing, and government.

http://lumigent.com/news_events/press_releases.html?newsid=246

Virtual Computer Inc. Raises $15 Million in Second Round - Westford, MA

2009-01-26T13:14:00.001-05:00

Virtual Computer Inc., a Westford-based developer of PC network management technology, announced on Monday that it has raised $15 million in its second round of venture capital, which was co-led by Highland Capital Partners and Flybridge Capital Partners. Founded in 2007, NxTop offers a client virtualization platform with a central management system designed to reduce PC management costs. NxTop uses virtualization technology to isolate the main components of a PC -- the hardware, operating system, applications, and user data -- allowing each to be managed independently. Citrix Systems, a provider of software application delivery technology, also participated in Virtual Computer’s latest investment round.

http://www.virtualcomputer.com/series-b-funding-citrix-strategic-investor

Centive Acquired by Xactly - Lowell, MA

2009-01-23T11:40:00.001-05:00

Xactly, a California-based provider of sales performance management software, announced that it has acquired Centive, a privately held, Lowell-based provider of sales compensation and sales performance management software. Terms of the all-stock deal were not disclosed. Xactly said that Centive’s employees will join the combined company, which will support both companies' product platforms for a minimum of 18 months. The company will be led by Xactly's management team, and will maintain its headquarters in San Jose, Calif.

http://www.centive.com/news/item/type/news/year/2009/item/146

Dataupia adds to their second round of VC funding - Cambridge, MA

2009-01-21T11:51:00.001-05:00

Dataupia Raises Second Round of Venture CapitalCambridge, Mass. – Dataupia, a Cambridge, Mass.-based provider of computing data management software, has raised an undisclosed amount of investment in its second round of venture capital, according to a report in PE Week, which cited a regulatory filing. The filing indicates that the round was for nearly $10 million, the report said. Dataupia previously raised around $30 million from Fairhaven Capital Partners, Polaris Venture Partners and Valhalla Partners. The company was founded in 2005 and has about 60 employees.

http://www.dataupia.com/

eIQnetworks Raises $10 Million in First Round of Venture Capital - Acton, MA

2009-01-21T11:50:00.001-05:00

eIQnetworks, an Acton-based provider of security and compliance management software, on Wednesday announced that it recently raised $10 million round in its first round of venture capital, which was led by Venrock. Founded in 2001, eIQnetworks offers technology that fosters collaboration across security, network, data center and audit teams to more quickly isolate the root cause of security issues and ensure compliance mandates are being enforced. eIQnetworks said it will use the funding to rapidly expand its marketing, sales and product development efforts.

http://www.eiqnetworks.com/news/eIQ_Venrock_Funding.shtml

Mazu Networks to be Acquired for $25 Million - Cambridge, MA

2009-01-21T11:49:00.000-05:00

Mazu Networks, a privately held, Cambridge-based provider of tools for managing business software applications, has agreed to be acquired by San Francisco-based Riverbed Technology for $25 million in cash. Founded in 2000, Mazu offers software that analyzes network traffic and provides information about the interactions and dependencies between users, applications, and systems. The company’s investors include Greylock, Matrix Partners, Pilot House Ventures, StarVest Partners, and Symantec. Listed on the Nasdaq, Riverbed offers technology designed to improve the performance of IT infrastructure.

http://www.riverbed.com/company/news/press_releases/press_012009a.php

Extreme Reach raises funding - Needham, MA

2009-01-20T16:06:00.001-05:00

Extreme Reach, a Needham-based provider of software for managing video advertising, announced its official launch on Tuesday and disclosed that it has raised its first round of venture capital, which came from Village Ventures and Long River Ventures. The investment reportedly totaled $1.5 million. Extreme Reach provides a video advertising management platform that connects advertisers and agencies with thousands of media destinations and allows them to manage, deliver and track their campaigns across TV, web, and mobile networks. The company was founded by a group of former FastChannel executives.

http://www.extremereach.com

InterNoded Acquired by Tangoe - Waltham, MA

2009-01-15T15:15:00.000-05:00

InterNoded, a privately held, Waltham-based provider of mobile device management software, has been acquired by Tangoe, an Orange, Conn.-based provider for managing mobile and converged communications assets. Terms of the deal were not disclosed. All current Tangoe and InterNoded locations will remain in full operation in support of the combined company’s nearly 400 customers, according to an announcement.

http://www.tangoe.com/news-events/press-releases.html

SimpleTuition Raises $6 Million in VC funding – Newton, MA

2009-01-14T09:35:00.001-05:00

SimpleTuition Inc., a Newton, Mass.-based online student loan comparison site, has raised $6 million in Series C funding, according to a regulatory filing. Backers include Atlas Ventures, Flybridge Venture Capital and North Hill Ventures.

http://www.simpletuition.com

StreamBase raises $6M in VC funding - Lexington, MA

2009-01-14T09:32:00.001-05:00

StreamBase Systems Inc., a Lexington, Mass.-based provider of complex event processing software, has raised around $6.24 million in Series D funding, according to a regulatory filing. Backers include Accel Partners, Bessemer Venture Partners, Highland Capital Partners and In-Q-Tel. StreamBase had previously raised around $41 million.

http://www.streambase.com

FirstDocs raises a new round of Venture Capital - Westwood, MA

2009-01-14T09:26:00.001-05:00

FirstDocs has secured a new round of venture capital funding, according to a report in PE Hub. FirstDocs provides legal document automation and acceleration services for legal departments and law firms. The Foundry Group led the investment round. The company did not disclose how it would use the funding proceeds.

http://firstdocs.com/

GlobalPost Launches Service With $8.2 Million in Backing - Boston, MA

2009-01-14T09:11:00.000-05:00

GlobalPost, a Boston-based online media company focused on foreign news, launched on Monday, with $8.2 million in backing. The company hopes to fill the dearth of international news coverage in recent years, amid a wave of cutbacks in foreign bureaus by newspapers and media companies. TechCrunch reported that investors in the company include Amos Hofstetter, Akamai CEO Paul Sagan, and Boston Globe publisher Benjamin Taylor. GlobalPost will provide daily international news from around the world, relying on 70 correspondents in 53 countries. The company was founded by media entrepreneur Philip Balboni and foreign correspondent Charles Sennott. “We are building an international news organization for the digital age, yet with strong roots in traditional, accurate, thoughtful foreign reporting,” said Balboni.

http://www.globalpost.com/

Play Hard Sports Raises $8 Million in Second Round - Foxboro, MA

2009-01-09T11:46:00.001-05:00

Play Hard Sports, a Foxboro-based provider of online sports game, has raised $8 million in its second round of venture capital, which was led by New Enterprise Associates, according to a report by PE Week Wire, which cited a regulatory filing. Play Hard is developing online sports games with no large downloads and no required fees to play. The company raised $5 million in its first round of venture capital last April.

http://www.playhard.net

Emptoris Sells Majority Stake to Marlin Equity Partners - Burlington, MA

2009-01-07T13:51:00.000-05:00

Emptoris, a Burlington-based developer of supply and contract management software, said that it has landed a "significant" equity investment from the private equity firm Marlin Equity Partners. Specific financial terms were not disclosed. Marlin said that it now owns a majority stake in the company, and plans to retain its current management team, led by CEO Avner Schneur. “[The deal] provides Emptoris with a strong financial partner and the capital resources needed to fund the company's long-term growth plans," said Schneur. Emptoris' clients include Boeing, ConocoPhillips, GlaxoSmithKline, Kraft and Motorola.

http://www.emptoris.com

RatePoint Raises $10 Million in Second Round - Needham, MA

2009-01-07T13:48:00.000-05:00

RatePoint, a Needham-based provider of customer feedback and online reputation management services, announced on Wednesday that it has raised $10 million in its second round of venture capital, which was led by Waltham-based Castile Ventures. Founded in 2006, RatePoint helps businesses protect and build their online reputation and to leverage customer feedback for sales, marketing and customer service purposes. The company was launched by the founders of GeoTrust and is backed by a previous $6.5 million first round of venture capital led by Prism VentureWorks and .406 Ventures.

http://www.ratepoint.com/

Excelergy Acquired by Nexant - Lexington, MA

2009-01-07T13:39:00.001-05:00

Nexant, a provider of energy software and consulting services, said on Wednesday that it has paid an undisclosed sum to acquire Lexington-based Excelergy from Netherlands-based owner Brinvest. Excelergy's software is designed to streamline electronic billing, settlement and customer care processes for utilities. Nexant said that the acquisition, which will give it 45 new employees as well as clients in seven countries, will strengthen its market position in the retail energy business in North America and Europe. Excelergy's operations will be integrated with Nexant's Software & Information Systems unit, based in Arizona.

http://www.nexant.com/news/releases/09_01_07_excelergy.html

Exit41 raises $8.8M in VC funding - Andover, MA

2009-01-05T14:06:00.002-05:00

Exit41, a maker of software to handle phone and drive-through orders for restaurants, has raised $8.8M in a series C round of VC funding. Investors: Humphrey Enterprises LLC and Fidelity Investors III LLP.

http://ww.exit41.com

PlumChoice Raises $2 Million from Edison Venture Fund - Billerica, MA

2009-01-05T14:00:00.000-05:00

Edison Venture Fund announced that it has invested $2 million more in PlumChoice, a Billerica-based provider of remote technology support services to the home and small business market. Founded in 2000, PlumChoice provides online support for PCs, Macs, laptops, MP3 players, PDAs, mobile devices, network devices, printers and digital cameras. Its channel partners include AT&T, Intel, Circuit City, Firedog and CA. Edison now has invested a total of $7.5 million in PlumChoice.

http://www.plumchoice.com

Smart Destinations Packs Up $7M For Travel Cards - Boston, MA

2008-12-23T10:46:00.000-05:00

Smart Destinations Inc., a company that sells unlimited admission passes to attractions in several cities, has secured $7 million in its Series C financing round.

http://www.smartdestinations.com

JAZD Raises $8 Million in First Round - Andover, MA

2008-12-19T15:30:00.001-05:00

JAZD Markets, an Andover-based provider of online, B2B marketing services, announced that it has raised $8 million in its first round of venture capital, which was co-led by Commonwealth Capital Ventures and Pilot House Ventures. Founded earlier this year, JAZD partners with B2B publishers, industry associations and social networks to deliver online vertical marketplaces. Its service is built directory placement, traffic generation, social tools, click-track analytics and vertical search functionality.

http://www.jazd.net

GameLogic Raises $3 Million from Velocity Financial - Waltham, MA

2008-12-17T13:55:00.000-05:00

GameLogic, a Waltham-based provider of Internet-based games for casinos, has raised $3 million of debt financing from Velocity Financial Group, a Wakefield, Mass.-based investment firm focused on technology, life sciences and clean energy companies. GameLogic uses Internet-based games to help casinos attract new players and interact with existing players while they are off property. The company was founded in 2002.

http://www.gamelogic.com/News.php

Salary.com to Acquire Genesys Software Systems - Waltham, MA

2008-12-11T15:54:00.000-05:00

Salary.com, a Waltham-based developer of employee compensation and talent management software, has signed an agreement to acquire Genesys Software Systems, a privately held, Methuen, Mass.-based provider of human resource management systems (HRMS), benefits and payroll services. The deal was priced at about $6.8 million. Genesys currently services more than 1.6 million people throughout North America and had approximately $8 million in revenue for the 12 months ended June 30, 2008. The company was founded in 1981.

http://www.salary.com http://www.genesysHCM.com