Andover, MA

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 Investments.

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.

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 round.

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 televisions.

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, potential 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.