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Enterprise Software

InsightSquared raises $4.5M in funding

InsightSquared, a SaaS company focused on business intelligence for the SMB market, has received $4.5 million in Series A funding.  The round was led by Atlas Venture with participation from Bessemer Venture Partners, NextView Ventures and salesforce.com. 

InsightSquared has developed a Software-as-a-Service (SaaS) platform that enables small and mid-sized businesses to benefit from the predictive value of traditional business intelligence without the traditional cost and complexity.  Today, the company announced a Salesforce integration that provides real-time, intuitive visualization to increase sales and productivity.

Texterity and Godengo merge

To meet growing demand from the magazine industry for a comprehensive technology solution for digital content publishing, industry leaders Godengo, Inc. (www.godengo.com) and Texterity, Inc. (www.texterity.com) today announced that they have joined forces to create the first unified platform that’s focused on helping publishers leverage digital, web, and mobile media.  Under terms of the completed transaction, Godengo, the largest provider of content management systems for magazine publishers, has acquired Texterity, a leading provider of digital magazines and mobile applications.  Terms of the private deal were not disclosed.

OnePIN raises $1.3M in funding

OnePIN, Inc., the world’s leading provider of mobile social address book solutions, today announced that it has raised a $1.3 million round of financing. This funding was raised from existing investors, bringing the company’s total financing to $25.6 million. This investment enables OnePIN’s continued expansion into international mobile markets. OnePIN’s social address book service, CallerXchange, is currently being distributed to over 150 million mobile subscribers within eighteen mobile operators around the world.

Humedica increases latest round to $33M

As per SEC filings, Humedica in Cambridge, MA has added $10M to a previous round of funding at $23M, bringing the current total of this round to $33M.  Humedica is a next-generation clinical informatics company that provides novel business intelligence solutions to the health care industry.  Humedica has raised a total of $63M in venture funding.

Kronos acquires SMART

Supporting its aggressive international growth strategy and strengthening its presence in the Europe, Middle East, and Africa (EMEA) region, Kronos Incorporated today announced that it has acquired UK-based SMART Computer Holdings and its Spanish affiliate SMART Human Logistics in cash transactions.

Intuit acquires AisleBuyer

As per the company's blog post, AisleBuyer in Boston, MA has been acquired by Intuit.  Details of the acquisition were not disclosed.  AisleBuyer is a mobile commerce platform and app company that previously raised $11M in funding.

GNS Healthcare raises $5M in funding

As per SEC filings, GNS Healthcare in Cambridge, MA has raised $5M in funding.  GNS Healthcare is a big data analytics company that has developed a scalable approach for the discovery of what works in healthcare, and for whom.

Their analytics solutions are being applied across the healthcare industry: from pharmaceutical and biotechnology companies, health plans, and hospitals, to integrated delivery systems, Pharmacy Benefits Managers (PBMs), and Accountable Care Organizations (ACOs). Whether your organization is delivering care or developing personalized therapies and diagnostics, GNS Healthcare can help you discover the knowledge you need to match patients with treatments that work.

Visible Technologies acquires Cymfony

Visible Technologies® today announced the acquisition of Cymfony, combining the two award winning social media analytics and insight solution providers. Cymfony and Visible customers benefit by gaining access to expanded solutions with far-reaching global capabilities. The new Visible will be led by Richard Pasewark, former President of Cymfony, who steps forward as the new CEO of Visible Technologies.

FirstBest Raises $10M in Funding

FirstBest® Systems, Inc., provider of insurance software solutions for global property and casualty insurers, today announced the completion of $10 million in funding. With the new round, NewSpring Capital and Verisk Analytics, Inc. join private equity firm Brookstone Partners, which also participated, and existing investor Flybridge Capital Partners, in fueling FirstBest’s aggressive growth plans for its market-leading Front Office Suite of solutions. Timed with the new investment, NewSpring’s Michael A. DiPiano has joined FirstBest’s Board of Directors.

SeaChange sells its broadcast and storage business
SeaChange International, Inc. (NASDAQ: SEAC), the leading global multi-screen video software innovator, today announced that it has signed a definitive agreement to sell its broadcast server and storage business, allowing the Company to focus on its core software and services operations including its next generation back office, video streamers, gateway software and advertising solutions.
 
SilverRail raises $15M in funding

SilverRail Technologies, the company behind the global rail ticketing platform SilverCore, has raised $15 million in Series B funding. The investment accelerates SilverRail’s vision of making passenger rail travel as easy to book as airline tickets. This news follows a highly successful year in which SilverRail added several new rail carriers to its platform, including Renfe in Spain and ViaRail in Canada. SilverRail also partnered with global travel sellers ebookers, GetThere, Egencia, KDS and several others to offer multi-country rail into their core booking platforms.

Canaan Partners led the Series B funding as the first investment in their new $600m fund IX. SilverRail’s current investors Sutter Hill, Accel Partners, GrandBanks Capital and Brook Ventures also strongly supported the round. The funding enables SilverRail to accelerate the addition of rail carriers and the development of cross-border and inter-carrier journey planning. SilverRail’s goal is to have all of Europe’s major rail carriers integrated into the SilverCore platform in the next two years.

EMC acquires Pivotal Labs

EMC Corporation (NYSE: EMC) today announced it has acquired San Francisco-based Pivotal Labs, a privately-held provider of agile software development services and tools. The all-cash transaction is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2012 fiscal year.

Demandware goes public

Demandware's IPO was priced at $16 for 5.5M shares, above the targeted range of $12.50 - $14.50 a share.  Demandware is trading on the NYSE under the symbol DWRE and has already jumped 51% to over $24 a share.  Demandware is a leading provider of software-as-a-service (SaaS) eCommerce solutions.

Apperian raises $12.4M in funding

Apperian, Inc. today announced it has closed a $12.4 million round of venture financing, with investments from North Bridge Venture Partners, Kleiner Perkins Caufield & Byers' (KPCB) iFund, Bessemer Venture Partners, and Common Angels, all existing investors in the company. The new round of funding brings Apperian's total financing to $24 million.

Since receiving its first round of financing in March of 2011, Apperian has experienced explosive revenue growth, which is being fueled by the Bring Your Own Device (BYOD) movement. Apperian's GAAP revenue doubled in each quarter during 2011, and the company expects that trend to continue in 2012.

WaveMark raises $2.8M in debt financing

As per SEC filings, WaveMark in Littleton, Massachusetts has raised $2.8M in debt financing. WaveMark, Inc. is a leading provider of real-time inventory management solutions for high value specialty products in the healthcare supply chain.

Nuance acquires Transcend for $300M

With Transcend, Nuance will accelerate access to and expand its customer base within the small- to mid-size hospital market, which comprises approximately 90 percent of hospitals in the U.S. and increasingly demands cost effective, voice-enabled, clinical documentation solutions to achieve Meaningful Use and the transition to ICD-10. With Nuance’s voice-enabled and Clinical Language Understanding technologies and deep electronic health record (EHR) integration, combined with Transcend’s high-quality transcription and editing services, hospitals can make clinical documentation and workflow more productive and cost efficient and extract greater value from clinical information.

Open Mile receives a $3M venture loan

NXT Capital’s Venture Finance Group today announced the closing of a $3 million venture loan to Open Mile, Inc.  The facility will enable Open Mile to finance key growth initiatives.

Open Mile is the first automated online logistics provider in the $60 billion transportation brokerage industry that helps both shippers and trucking companies efficiently match supply and demand.  Open Mile’s self-service transportation brokerage engine replaces the traditionally manual phone and fax-based task of matching freight loads to available trucks with an intelligent, transparent, easy-to-use platform that uses the latest web and mobile technologies.

MoreMagic acquired by Oberthur Technologies
Oberthur Technologies, a leading provider of security and identification solutions and services based on smart card technologies, entered into exclusive negotiations to acquire MoreMagic Solutions, a leading mobile financial services solutions provider, based in Waltham, MA.

On February 28th, 2012, Oberthur Technologies entered into an exclusive agreement with MoreMagic supported by its major shareholders including Battery Ventures and Vision Capital.
Blue Cod Technologies raises $1.75M in funding

As per SEC filings, Blue Cod Technologies in Marlborough, MA has raised $1.75M in funding.  Blue Cod Technologies, Inc. delivers technology-enabled services for the property and casualty (P&C) insurance industry.

SoundBite Communications acquires 2ergo Americas

SoundBite Communications, Inc. (Nasdaq:SDBT), a leading global provider of cloud-based customer communications solutions, today announced the acquisition of 2ergo Americas, which had been wholly owned by 2ergo Group plc (AIM:RGO). 2ergo Group is an international mobile business and marketing solutions company leveraging a unique blend of innovative technology and professional services.

The 2ergo Americas acquisition extends SoundBite's client base to include leading companies in the telecom, media and consumer packaged goods industries while enhancing SoundBite's existing mobile marketing offering with self-service SMS, mobile coupons, QR code and mobile web platforms, as well as carrier-grade scalability and Latin American connectivity. The acquired business operates principally in North America and brings SoundBite a talented, committed team with deep mobile marketing expertise.

Brightcove goes public

Brightcove in Cambridge, MA started trading as a public company on the Nasdaq under the symbol BCOV.  The company's initial public offering of five million shares prices at $11 a share. 

Brightcove Inc, the cloud content services company, provides a family of products used to publish and distribute the world's professional digital media. The company's products include Brightcove Video Cloud, the market-leading online video platform, and Brightcove App Cloud, the pioneering content app platform. Together, more than 3,000 customers in 50 countries rely on Brightcove's cloud content services to build and operate exceptional media experiences across PCs, smartphones, tablets and connected TVs.

Brightcove had revenues of $63.6M in 2011 with a net loss of $17.8M.  The stock closed at $14.30 on the first day of trading, up 30%.

PowerSteering Software acquired by Silverback Enterprise Group

Silverback Enterprise Group, which acquires and builds industry-leading enterprise software companies, announced today the acquisitions of PowerSteering Software, Inc., the leading provider of cloud-based enterprise project and portfolio management (PPM) software, and Tenrox, Inc., the leading provider of cloud-based, workflow-driven project workforce management software. With over 500 active enterprise customers and 150,000 active users in more than 50 countries worldwide, the combination of these two companies creates the largest pure-play cloud PPM provider in the $1.3 billion PPM software industry. The new, combined company will be called PowerSteering Software.

Blues Plans, Lumeris Partner to Acquire NaviNet

Three of the nation’s leading Blue health plans that work with more than 70,000 physicians and hospitals to deliver care to more than 11 million people announced today they are partnering with health IT provider Lumeris Corp. to acquire NaviNet. NaviNet is the nation’s largest real-time communication network for physicians, hospitals, and health insurers.

Lumeris and the three Blues — Highmark, Horizon Blue Cross Blue Shield of New Jersey (Horizon), and Independence Blue Cross (IBC) — have signed an agreement to acquire NaviNet for an undisclosed price. The transaction is expected to close within 30 days, subject to customary closing conditions.

SpaceClaim raises $4M in funding

As per SEC filings, SpaceClaim in Concord, MA has raised $4M in funding.  SpaceClaim leads the 3D Direct Modeling market by delivering break-through tools that dramatically improve direct design and engineering processes. The Company’s goal is to lead the market for direct modeling software, expanding the use of 3D in concept and bid modeling, model preparation for CAE analysis, rapid prototyping (additive manufacturing), manufacturing, and industrial design.

LeveragePoint Innovations raises $700K in funding

As per SEC filings, LeveragePoint Innovations has raised $700K in funding.  LeveragePoint Innovations is a SaaS collaboration platform for B2B companies that enables them to successfully negotiate sales with their customers.

OutStart acquired by Kenexa

Kenexa (NYSE:KNXA), a global provider of business solutions for human resources, today announced that it has entered into a definitive merger agreement with  privately-held OutStart, a leading provider of Software as a Service (SaaS) e-learning solutions and services.  The closing of the transaction is subject to customary conditions, including the receipt of stockholder consent.  Kenexa expects to close the transaction on Monday, February 6, 2012.  This acquisition, when consummated, will expand Kenexa’s reach into the e-learning market and enable Kenexa to provide a broader and deeper suite of talent management solutions. Kenexa will integrate OutStart’s Learning Management Suite, which includes award-winning social and mobile learning solutions, with Kenexa’s Global Talent Management solutions including its Performance Management suite.

Rocket Software acquires Zephyr Development Corp.

Rocket Software, Inc. announced today that it has acquired Zephyr Development Corporation, a Houston-based developer of terminal emulation software. The Zephyr team has joined Rocket Software's global organization of more than 900 employees and has become part of Rocket Software’s Application Development, Integration and Modernization business unit.

SeeWhy increases funding to $2.25M

According to SEC filings, SeeWhy in Andover, MA has increase their recent round of funding to $2.25M. SeeWhy is a real-time shopping cart recovery service to follow up in real time via email and social networks.

Casenet raises $3M in funding

As per SEC filings, Casenet in Bedford, MA has raised $3M in funding.  Casenet offers customizable care management software solutions, which allow payers and care coordinators of all sizes to partner with consumers and their physicians in making clinical decisions. Among the software solutions, the company offers packages of case management, disease management, utilization management, and extended enterprise.

Verivo raises $17M in funding

The Pyxis Mobile team today announced the launch of Verivo Software, the enterprise mobility company dedicated to helping businesses drive their mobile initiatives and impacting their bottom-line. Verivo leverages Pyxis Mobile’s assets and technology, along with its new and expanded business model, product line and management team. Only Verivo’s enterprise mobility platform empowers companies to build, deploy and manage apps quickly and easily to meet today’s market demands.

The company also announced that it has secured $17 million in growth capital funding to further boost sales, fuel marketing programs and accelerate its product development roadmap as it expands its global presence.