Boston, MA

EMC Acquiring Cloudscaling

EMC Corp. (EMC) has agreed to acquire cloud-computing startup Cloudscaling Group Inc., pushing to make its storage products work better with a set of free software tools. 

The deal is for less than $50 million, according to people with knowledge of the situation, who asked not to be identified because the transaction isn’t public. Cloudscaling helps companies manage large numbers of computers that are linked together by OpenStack, a free open-source technology developed by companies including EMC and Oracle Corp. Cloudscaling also designs technology to make it simple to connect computers running OpenStack to so-called public clouds, operated by providers like Amazon.com Inc. and Google Inc. READ MORE

 

ecovent Closes $2.2 Million Seed Round

ecovent, who was part of Techstars Winter 2014, gives you room-by-room control over your heating and cooling through a wireless system of vents and sensors, closed a $2.2M Seed Round.... 

I am so excited to announce that we’ve closed our seed round of $2.2 million, from an incredible group of investors, but more on that later.

Back in 2013, when we started ecovent, we knew we would need to raise money.  We were naive to think that if we built an awesome system, we could convince investors, all on our own, to give us their hard earned cash to continue the pursuit of this incredible challenge. READ MORE

OpenView Venture Partners Raises $250M Fourth Fund

OpenView Venture Partners announced today that it has successfully completed the fundraising of OpenView Venture Partners IV, L.P., with commitments of $250 million. This new oversubscribed fund brings the firm’s total capital under management to nearly $700 million.

OpenView is committed to maintaining its focused strategy, investing in expansion-stage software companies. Since its founding in 2006, OpenView has partnered with 29 companies, including early investments in category-defining companies like Mashery, AtTask, Instructure, Monetate, Spredfast, Kareoand Socrata, among others.  READ MORE

Lose It! Raises $5M in Funding

As per the Boston Business Journal, Lose It! in Boston, MA has raised $5.5M in funding from General Catalyst and UnitedHealthcare's Innovation Group.  Lose It! is a mobile weight loss app.  READ MORE

PillPack Announces $8.75 Million Financing

Accel Partners joins Atlas Venture and Founder Collective to back a better pharmacy

PillPack, the pharmacy that simplifies medication management, has secured $8.75 million in additional capital funding to scale operations and grow their customer base. The round was led by Accel Partners, with participation from Atlas Venture.

“In the last two years, we have built and launched the first pharmacy dedicated to making customers’ lives easier,” said TJ Parker, PharmD, CEO. “With PillPack, the end-to-end process of managing medications is both simple and understandable. As a result, it’s easy for our customers to take their prescribed medications at the right time, every time.” READ MORE

OpenView Venture Partners Raises $250 Million Fourth Fund

OpenView Venture Partners announced today that it has successfully completed the fundraising of OpenView Venture Partners IV, L.P., with commitments of $250 million. This new oversubscribed fund brings the firm’s total capital under management to nearly $700 million.

OpenView is committed to maintaining its focused strategy, investing in expansion-stage software companies. Since its founding in 2006, OpenView has partnered with 29 companies, including early investments in category-defining companies like Mashery, AtTask, Instructure, Monetate, Spredfast, Kareoand Socrata, among others.

“What makes OpenView unique is our focus,” said Scott Maxwell, Founder and Senior Managing Director of OpenView. “No other venture firm has our dedicated stage and sector focus.” READ MORE



HealthEdge Raises $30M in Funding

HealthEdge, an innovative software company that provides the only integrated financial, administrative and clinical software platform for healthcare payors, Raises $30M in Funding. READ MORE


Wayfair Goes Public

Wayfair, one of the world’s largest online destinations for home furnishings and décor, today announced the pricing of its initial public offering of 11,000,000 shares of its Class A common stock at a price to the public of $29.00 per share. A total of 10,500,000 shares are being offered by Wayfair, and a total of 500,000 shares are being offered by certain selling stockholders. In addition, the underwriters have been granted a 30-day option to purchase an additional 1,650,000 shares of Class A common stock from the selling stockholders.Wayfair will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange on October 2, 2014, under the symbol "W."  ...READ MORE

Shareaholic raises $2.3M

It has been an incredible couple of months for Shareaholic. We have been so busy growing the product that I find myself looking up at the clock, realizing 12 months have gone by in what seems like a minute!

Today I am thrilled to share that we have raised $2.3 million, with our friends at Kepha Partners, General Catalyst and NextView Ventures participating. The company has raised $7.8 million to date. READ MORE

GMO GlobalSign Acquires Ubisecure

Leading Provider of Identity Services Acquires Identity and Access Management (IAM) Platform to Enable Trusted Identities for the Internet of Everything (IoE)

GMO GlobalSign (www.globalsign.com), the security division of the Tokyo-based GMO Internet Group (TSE: 9449) and a leading provider of identity services for online transactions, announced the acquisition of Helsinki-based Ubisecure Solutions, Inc., a privately-held identity and access management (IAM) software developer. The acquisition delivers essential technology and talent to propel GlobalSign’s strategic focus on identity services for the rapidly emerging, $14.4 trillion Internet of Everything (IoE) market, where the ability to make secure networked connections among people, processes, data and things, will require that every “thing” have a trusted identity. READ MORE

Cohealo Raises $9M in Funding

Cohealo Inc., the leader in medical asset mobilization and analytics, today announced the company has completed a $9 million Series A financing led by Romulus Capital and Krillion Ventures.

Cohealo utilizes a cloud-based sharing platform to bring the benefits of the sharing economy most readily associated with consumer applications like Uber, Airbnb and Zipcar to managing and optimizing the utilization of medical equipment across hospitals and care facilities in health systems. The US spends more than $100 Billion a year on these assets; Cohealo enables the market to maximize the economic and clinical value out of each and every one of them.  READ MORE

Skillz Raises $6M in Financing

Skillz, a San Francisco, CA- and Boston, MA-based provider of a tournament platform where mobile gamers can use their skills to compete for cash and prizes, raised $6m in venture debt and equity financing.

The round was led by Atlas VentureREAD MORE

Davison Receives Growth Equity Investment

F.W. Davison & Company (“Davison”), the leading provider of high-performance software solutions for the Professional Employer Organization (“PEO”) and Administrative Service Organization (“ASO”) industries, today announced that it has received a minority growth equity investment from Accel-KKR, a technology-focused private equity investment firm. The investment will be used by Davison to broaden its industry-leading cloud-based technology platform, HRPyramid, and expand its customer support and service operations.  

“Over the last 18 years, we have built Davison into a leading player in the PEO industry by delivering a functionally rich and technologically robust product in HRPyramid,” said Frederick Davison, Davison’s Founder and Chief Executive Officer. “Our team is excited to begin this partnership with Accel-KKR, a firm with a long track record of helping great businesses accelerate their growth. This partnership enhances our commitment to the industry by helping us invest further in our platform capabilities and services to our clients.” READ MORE

HCA to Purchase PatientKeeper

HCA (NYSE:HCA), which operates 164 hospitals and 114 surgery centers in 20 states and England, today announced the signing of an agreement to purchase PatientKeeper®, a leading provider of intuitive software and mobile applications that help physicians access and work with patient information. 

PatientKeeper is a privately held company that provides applications for physicians that run on an innovative architecture that overlay hospital IT systems. These applications provide physicians with a set of electronic tools to automate their day in a way that saves them time and allows them to better focus on patient care. READ MORE

 

Centage Corporation Secures $9.5 million in Series A Funding

Centage ™ Corporation, a leading provider of budgeting and forecasting software (Budget Maestro™) for small and medium sized businesses, today announced it has secured $9.5 million in Series A funding from TVC Capital, a San Diego based growth equity firm focused on investments in, and acquisitions of, software and software-enabled service firms. Also participating in the round was Northgate Capital, a global private equity and venture capital investment firm. Effective immediately, Jeb Spencer of TVC Capital and Jared Stone of Northgate will also join the company’s board of directors.

With a strong user base of more than 600 companies across multiple vertical markets, Centage has grown at a rapid rate with minimal outside capital. The cash infusion will be used to expand the company’s product offering to include a cloud-based solution and bolster marketing efforts both domestically and internationally. Due to increasing financial management pressures, the demand for flexible solutions such as Budget Maestro remains high, thereby presenting an opportunity for the organization to capture a substantial portion of the growing global market.  READ MORE

 

Millennial Media To Acquire Nexage

To accelerate its leading position in mobile advertising, Millennial Media (NYSE: MM) today announced it has signed a definitive agreement to acquire Nexage for approximately $107.5 million in cash and stock, subject to certain adjustments. Based in Boston, privately held Nexage is a leading provider of Real-Time-Bidding (RTB) technology that helps to automate the buying and selling of mobile advertising.

“We are in a very exciting time right now as we help to build, educate and advance the role of RTB and programmatic solutions to advertisers, publishers, and developers,” said Michael Barrett, President and CEO of Millennial Media. “Our vision is to create a full-stack solution that enables us to open the flow of impressions, operate a leading independent exchange, and maximize the yield for our publishers. The opportunity to integrate Nexage’s programmatic technology with our deep roots and heritage in agency relationships will uniquely position us in this fast paced ecosystem. Together, our companies will be able to offer managed services for agencies and a complete set of programmatic tools for automated buyers. We are looking forward to having the Nexage team join our family as we continue to build the next generation of mobile advertising.” 
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Kinvey Secures $10.8M in Series B Financing

Kinvey (http://www.kinvey.com), the leading enterprise Backend as a Service (BaaS) platform, today announced $10.8M in Series B funding. Driven by new investors NTT DOCOMO Ventures and Verizon Ventures, and joined by existing investors Avalon Ventures and Atlas Venture, this financing brings Kinvey’s total amount raised to date to $17.8M. The new funds will be used to drive product development, accelerate enterprise IT sales, and expand channel partnerships with a focus on cloud and systems integrator partners.

"Mobile is driving the adoption of cloud in the enterprise, and both of these platforms are happening together simultaneously,” said Jeffrey Black, Director, Verizon Ventures. “These are two monumental platform shifts and Kinvey is well positioned to take advantage of these trends through its ability to provide a fully managed platform from front end app development, to connections to existing enterprise applications, delivered as a service via the cloud.” 
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BuySellAds Acquires LaunchBit

We are pleased to announce that we’ve acquired email advertising company, LaunchBit.

We have worked with co-founders Elizabeth and Jennifer over the last couple of years and have seen their growth first hand. In March we formally partnered with LaunchBit, allowing advertisers to extend their performance campaigns across our niche networks like Carbon Ads. READ MORE

Ubersense is Joining the Hudl Team

We founded Ubersense in 2011 with the vision of putting world-class coaching in everyone’s hands. We have made great strides towards this vision: the app has been downloaded more than  2.5 million times and coaches and athletes in over 50 sports in 150 countries use our performance analysis tools. We have been humbled by stories of success including Olympic teams relying on Ubersense to win medals, NFL teams using the app during practice and even a blind baseball team using video to prepare for a national tournament. 

That said, we have a lot more to do. Today, we are thrilled to announce that we have been acquired by Hudl. Hudl is the leading provider of game breakdown and video analysis software for sports teams. Their software is used by more than 55,000 teams worldwide, including teams in the National Football League, National Basketball Association, English Premier League and over 15,000 high schools and universities. READ MORE

 

Stratasys to Acquire GrabCAD

Stratasys Ltd. (NASDAQ: SSYS), a leading global provider of 3D printing and additive manufacturing solutions, today announced that it has entered into a definitive agreement to acquire privately-held GrabCAD, Inc. in an all-cash transaction. Terms of the transaction were not disclosed. The transaction is expected to be completed by the end of September, subject to the fulfillment of customary closing conditions. Upon completion of the transaction, GrabCAD will operate as a unit within the Stratasys Global Products and Technology GroupHardi Meybaum, Co-founder and Chief Executive Officer of GrabCAD, will continue to lead GrabCAD within the group.

Founded in 2010 and led by Mr. Meybaum, a visionary entrepreneur and pioneer in 3D CAD cloud collaboration tools, GrabCAD is helping engineers get products to market faster by connecting people, content and technology. GrabCAD offers GrabCAD Workbench, a cloud-based collaboration tool that enables engineers and designers to share, view and manage CAD files and other design data. GrabCAD is also home to a community of more than 1.5 million members from around the world who can access a large public CAD file library as well as connect with other engineers. READ MORE

ezCater raises $2.16M in funding

As per PandoDaily, ezCater in Boston, MA has raised $2.16M in funding.  ezCater is a nationwide online food ordering service for businesses.  READ MORE

Startup Institute Closes $3 Million In Series A Financing

Startup Institute, an immersive career accelerator geared toward cultivating startup-savvy talent, today announced a partnership with Silicon Valley Bank and an investment by SVB* of $3 million in the company to support worldwide expansion of offices and programs. The partnership will help high-growth companies in the innovation sector find qualified candidates to scale their businesses. 

Startup Institute launched its first program in 2012 to help startups find employees who could help their companies grow. The founders, including Katie Rae, founder of Startup Institute and Chairman of Techstars Boston, observed startup candidates had the "hard" skills, but failed to contribute when hired by startups because they were disoriented and failed to understand how high growth innovative companies work.  The founding team thought this was a fixable problem and sought to create a talent pipeline for high-growth startups.  READ MORE

MetTel Acquires Thrive Networks from Staples

MetTel, a leading communications solutions provider, today announced that it has reached a definitive agreement to acquire managed IT services leader, Thrive Networks, a Staples Company. For 14 years, Thrive has provided complete IT solutions for a wide range of businesses nationwide and will broaden and strengthen MetTel's managed service offering. This offering will now include network management and monitoring, virtualization solutions, data protection and a cloud service that includes email, file sharing and data back-up. 

Thrive Networks is one of the top-rated outsourced IT providers in the country, ranking #44 in the recent MSPmentor 501 ranking for 2014. The 71 person team, including over 50 engineers, will continue to operate out of their network operation center in Tewksbury, MA, and the management team of Thrive, including Chief Technology Officer, Dylan O'Connor, will continue to be responsible for managing the business and delivering service excellence to their longstanding, nationwide customer base. 
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Veracode Closes $40M Funding

Veracode, a Burlington, MA-based provider of a protection service, closed a late-stage $40m funding round.

The round was led by Wellington Management Company with participation from existing investors.

The company intends to use the funds to accelerate investments in sales, marketing and R&D and to consider acquisition of complementary technologies and a potential IPO.  READ MORE

 

Skyword Acquires Vidaao & Raises $11M in Funding

Skyword, the leading content marketing platform and services company, today announced that it has acquired Vidaao, a New York City-based video creation platform with a freelance video producer community. Terms of the acquisition were not disclosed.

The company also announced that it has closed an additional $11 million in growth financing from Cox Media Group. The investment will be used to continue to grow the organization, expand its product and service offerings, and build out the company’s partner ecosystem. .. READ MORE

Wellframe Raises $8.5M

Today, Wellframe announced that the organization has closed on $8.5 million in financing, led by DFJ, with participation from Formation 8, Waterline Ventures and Queensbridge Venture Partners. 

Wellframe focuses on enabling healthcare stakeholders to amplify and extend caring relationships through the use of mobile technologies, utilizing artificial intelligence and machine learning to maximize patient engagement. READ MORE

LogMeIn Acquires Meldium

LogMeIn, Inc. (Nasdaq:LOGM) today announced the acquisition of San Francisco-based Meldium (incorporated as BBA, Inc.), a provider of intuitive single-sign-on (SSO), password management, and identity and access management (IAM) solutions. The acquisition immediately expands LogMeIn's popular IT portfolio with an elegant SSO offering, while introducing a natural extension of the identity, cloud app, and device management capabilities in its other IT management products. As a result, the deal is expected to build upon and accelerate LogMeIn's strategic initiative of empowering IT professionals to embrace, manage, and secure today's cloud-centric, consumerized, workplace. 

Meldium, a venture-backed startup and Y Combinator alum, is focused on helping companies manage access to the rapidly growing number of cloud apps used in the workplace, specifically addressing the security risks that often arise from employees' poor password practices. The company offers a simple, secure way for teams and entire companies to manage passwords and accounts for popular business and personal cloud applications – apps that are most often introduced by individual employees or line-of-business workers. The company's namesake SSO product offers seamless access to nearly 1500 of today's most popular apps, including the likes of Dropbox, Google Apps, Hubspot, WordPress, Zendesk, Salesforce, Asana, Trello, Evernote, JIRA, and Rackspace. READ MORE


Savant Systems®, LLC Received $90 Million Investment

Savant Systems®, LLC (“Savant”), the leading luxury smart home technology company, today announced that it has received a $90 million investment from affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR), a leading global investment firm and the founder of Savant, Robert Madonna. The funding will support Savant’s continued product innovation and company expansion.

“Savant is already an established market leader in home automation with clients including some of the most discerning public figures, entertainers and business leaders,” said William Lynch, CEO, Savant Systems.  “With this significant investment, we will bring our award-winning Savant Home experience to a broader audience of consumers worldwide.” READ MORE

Black Duck Software Raises $20 Million

 

Black Duck Software, the leading OSS Logistics solutions provider enabling the deployment and management of open source software (OSS), today announced that it has closed a $20 million investment round led by General Catalyst Venture Partners with all existing investors also participating in the round. The funding will be used to help the company expand its global go-to-market model to fulfill the rapidly growing OSS Logistics market opportunity. In addition, the company today announced the appointment of Stephen Gregorio as its Chief Financial Officer and Executive Vice President.

Gregorio, who played a critical role in securing the new funding, has over 25 years of financial management experience at high-growth technology companies including Verdasys, Interwise Corporation (acquired by AT&T) and Gensym Corporation, among others. Reporting directly to Black Duck President and CEO Lou Shipley, Gregorio will help Black Duck expand aggressively in the fast-growing OSS Logistics sector. READ MORE
 

ZYNC Render Acquired By Google

Today we are announcing that Zync Render, the visual effects cloud rendering technology behind Star Trek Into Darkness and Looper, is joining the Google Cloud Platform team. 

Creating amazing special effects requires a skilled team of visual artists and designers, backed by a highly powerful infrastructure to render scenes. Many studios, however, don’t have the resources or desire to create an in-house rendering farm, or they need to burst past their existing capacity. READ MORE