AppZero raises $3M in funding
Cloud migration innovator AppZero today announced a $3M round of funding to support enterprises moving to the cloud, including those faced with moving millions of applications to newer operating systems from Windows Server 2003, which reaches the end of extended support next year.
Leading technology investors and super angels are the investors and include AppZero Chairman Nigel Stokes, former CEO and co-founder of DataMirror, now part of IBM; Joseph Alsop, former CEO and co-founder of Progress Software; Covington Capital, a Canadian venture capital investment firm focused on supporting the growth and success of visionary entrepreneurs; individual investments from the partners of Gold Bench Capital, LLC; Frank A Bonsal, Jr., founder of New Enterprise Associates (NEA), one of the country’s largest venture capital firms; and Matt Ocko, long-time technology entrepreneur and startup investor, co-founder and co-Managing Partner of Data Collective. READ MORE
Veveo acquired by Rovi
Rovi Corporation (NASDAQ: ROVI), a global leader in entertainment discovery, today announced it has entered into a definitive agreement to acquire Veveo, Inc., a provider of intuitive and personalized entertainment discovery solutions based in Andover, Massachusetts. Under the terms of the agreement, Rovi will pay approximately $62 million in net cash at the closing and up to $7 million in additional cash payments based on achievement of certain agreed-upon milestones. READ MORE
Radio Mobile Access raises $9.5M in funding
As per SEC filings, Radio Mobile Access in Andover, MA has raised $9.5M in funding. Radio Mobile Access is building an array of solutions for the mobile broadband industry. Their vision/mission
is to enhance communications experience, and reduce cost of technology.
Exinda raises $12M in funding
Exinda, a global provider of WAN optimization solutions incorporating Unified Performance Management, today announced that it has secured $12M in a series B funding round. The round saw participation from existing investor OpenView Venture Partners as well as attracting new investment from Greenspring Associates. The funds will be used as working capital to support Exinda’s continued market penetration and targeted growth in the wake of a 116% increase in revenues during the course of 2011.
Polatis raises $2.7M in funding
Polatis, Inc. the performance leader in all-optical switch technology,
today announced it has secured $2.7M (USD) in additional funding from
the company's existing investors. Polatis is a privately held company
backed by well known technology-focused venture capital and private
equity investment firms in the USA and Europe.
Polatis' investors include Flagship Ventures, JK&B Capital, DFJ
Esprit, Encore Ventures, Alta-Berkeley Ventures, Massachusetts
Technology Development Corporation, Prism VentureWorks and Gainesborough
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
Moontoast raises $6M in funding
Boston and Nashville-based technology company, Moontoast, creator of
social commerce software, has recently secured $6,000,000 in new
funding. The round was led by Nashville, TN based venture capital firm,
The Martin Companies. Other current investors are also participating in
The Moontoast Platform is a Social Activation Engine for brands to grow
and build stronger relationships with their fans and customers. By
distributing social campaign modules for promotions, events, downloads
and commerce wherever fans spend their time, Moontoast is able to
provide high quality social analytics insights to drive more relevant
interactions, thereby activating fans to advocate for and to transact
directly at the point of impression with brands to drive meaningful
business results. Moontoast’s Platform includes Distributed Social
Commerce Stores, Patent-Pending Social Analytics to give brand’s social
insights and Patent-Pending Game Commerce to easily incorporate
gamification elements that target different behavior-type consumers.
Pixtronix acquired by Qualcomm
As reported by Scott Kirsner, Pixtronix in Andover was acquired by Qualcomm. Details of the acquisition were not made public, but per Scott's article, the price was between $175-200M. Investors included Atlas Venture & Kleiner Perkins.
Pixtronix is an emerging company that develops display technologies optimized for portable multimedia devices. Their PerfectLight Displays combine the best
image quality at the lowest power consumption for all applications and
are designed to scale from mobile devices to desktop displays through HD
VKernel acquired by Quest Software
Today, we announce our acquisition by Quest Software (NASDQ:
QSFT). VKernel will continue to operate as an independent subsidiary of
Quest, building, selling and marketing the same award-winning
performance and capacity management solutions that we have in the past.
We are excited to be a subsidiary of Quest and
as I will outline below, believe this is a big win for our customers,
new customers, partners and employees. But beyond today’s announcement,
it will be business as usual for VKernel, except the new VKernel will be
turbo-charged with the backing of
Quest. This turbo-charging has been enabled by our product and market
success and will carry us to a new stage of accelerated growth.
QuietLogistics raises $5M in funding
As per SEC filings, QuietLogistics in Andover, MA has raised $5.15M in funding. QuietLogistics, which is also known as Scenic Technology Corporation, is a provider of robotic, white glove eCommerce fulfillment services by using equipment Kiva Systems.
Copanion sells GruntWorx product line to Drake Software
August 16, 2011: Drake Software, a leading tax preparation software vendor, today announced it has acquired the Copanion GruntWorx product line - the profession's most advanced SaaS-based paperless tax workflow system. Acquiring GruntWorx firmly positions Drake within the cloud technology space and further augments their current product offerings.
SeeWhy increases funding to $1M
August 5, 2011: According to SEC filings, SeeWhy in Andover, MA has increase their recent $900K in funding to $1M. SeeWhy is a real-time shopping cart recovery service to follow up in real time via email and social networks.
SeeWhy raises $900K in funding
May 13, 2011: According to SEC filings, SeeWhy in Andover, MA has raised $917K in funding. SeeWhy is a real-time shopping cart recovery service to follow up in real time via email and social networks.
Helium raises $10M in funding
May 5, 2011: According to SEC filings, Helium in Andover, MA has raised $10M in debt and options financing. Helium is home to the world's largest writer community with thousands of writers who share their expert knowledge, insight and point of view on virtually any topic.
NaviSite acquired by Time Warner Cable
February 2, 2011: Time Warner Cable Inc. (NYSE: TWC) and NaviSite, Inc. (NASDAQ: NAVI) today announced that they have entered into an agreement under which Time Warner Cable will acquire NaviSite, a premier provider of enterprise-class hosting, managed application, messaging and cloud services, for $5.50 per share in cash, or a total equity value of approximately $230 million.