Lionbridge To Acquire CLS Communication
Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced a definitive agreement to acquire CLS Communication, a privately-held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets. The combination of Lionbridge and CLS will address growing demand for integrated, technology-enabled translation solutions that allow organizations to create, translate and manage digital content worldwide.
Lionbridge expects to purchase CLS Communication for approximately 74 million Swiss Francs, or approximately $77 million US Dollars in cash, subject to estimated cash and debt adjustments at closing and certain post-closing adjustments. The acquisition is being funded using Lionbridge's existing cash and a new credit facility through its long-standing banking partner, HSBC, who is acting as the leading syndicator. READ MORE
Phoenix Strategy Investments Acquires PI Worldwide
PI Worldwide, a leader in workforce analytics and science-driven insights that help optimize the performance and potential of individuals, teams, and organizations, today announced that it has been acquired by Phoenix Strategy Investments. Terms of the transaction were not disclosed.
Phoenix Strategy was familiar with PI Worldwide long before the acquisition – the company's founders have used the company's Predictive Index® (PI®) system to drive employee productivity and development for nearly a decade. According to Phoenix Strategy Investments Founding Partner Mike Zani, the firm will accelerate investments in PI Worldwide's scientific research and solution suites, which have gained widespread global adoption and driven exceptional company growth in recent years. More than 2.5 million Predictive Index® assessments have been completed to date in 2014. READ MORE
Prelert Closes $7.5M Investment
Prelert, the anomaly detection company, today announced it has raised a $7.5 million round of venture capital financing from Intel Capital and existing investors, Fairhaven Capital and Sierra Ventures. This investment will enable Prelert to further expand its field sales and engineering organizations to leverage the growing interest in Anomaly Detective® from enterprises, cloud service providers and IT management providers.
As IT security and operations professionals struggle to find actionable insight within the overwhelming volume of machine-generated big data that their systems create, Prelert offers a solution to easily find operational threats, issues and opportunities as they are occurring. Using unsupervised machine learning technology, Prelert’s Anomaly Detective processes huge volumes of streaming data to learn what normal behavior looks like within an IT environment, and in real time, flags anomalous activity. READ MORE
Wanderu Raises $5.6M in Series A Funding
Wanderu, a Boston, MA-based provider of a travel search engine platform for bus and train rides, raised $5.6m in Series A funding.
The round was led by Metamorphic Ventures, with participation from Alta Ventures, 500 Startups, Barbara Corcoran Venture Partners, and individual investors Craig Lentzsch (former CEO of Greyhound), John Balen (general partner at Canaan Partners) and Brad Feld (managing director at Foundry Group), among others. READ MORE
Endurance International Group Acquires BuyDomains, Webzai & Arvixe For $77 Million
Endurance International Group Holdings, Inc. today reported financial results for its third quarter ended September 30, 2014 and it announced the purchase of the BuyDomains assets, a company related to web design called Webzai and web hosting company Arvixe for a total of about $77 million.
“We are pleased to report a quarter that exceeded expectations for revenue, adjusted EBITDA and unlevered free cash flow,” commented Hari Ravichandran, chief executive officer and founder of Endurance International Group. “During the quarter our paying subscribers increased by 94,000, or 12 percent over the third quarter of 2013, to more than 3.8 million total paying subscribers, and our average revenue per subscriber increased by 10 percent over the third quarter of 2013 to $14.49. We believe our results are a reflection of the effectiveness of our marketing and distribution platforms, which we expect will continue to propel our growth drivers and provide a solid basis for a sustainable, strong top line which will in turn drive healthy cash flows for the future.” READ MORE
BlueSnap Raises $50M Growth Equity Round
Global payment gateway BlueSnap announced today that the company has raised $50 million of growth equity from Great Hill Partners, Parthenon Capital Partners and BlueSnap CEO Ralph Dangelmaier. BlueSnap will use the new funding to expand operations for its global business and pursue strategic acquisitions.
BlueSnap has reinvented and optimized the checkout experience by combining intelligent payment routing, frictionless one-click checkout, cross-border payments, award-winning Smart Subscriptions, multiple integration options and dynamic eCommerce tools. With over 10 years of experience serving merchants around the globe, BlueSnap provides the most robust global gateway on the market, supporting shoppers in 180 countries with localization in 29 languages, 60 currencies and 110 payment types. READ MORE
Publicis Groupe to Acquire Sapient
Publicis Groupe (Euronext Paris: FR0000130577, CAC 40)and Sapient (NASDAQ: SAPE) today announced that they have entered into a definitive agreement under which Publicis Groupe will acquire Sapient in an all-cash transaction for $25.00 per share. The agreement has been approved unanimously by the Management and Supervisory Boards of Publicis Groupe and the Board of Directors of Sapient.
Maurice Lévy, Chairman and CEO of Publicis Groupe, said: “Sapient is a ‘crown jewel,’ a one of a kind company born in the technology space with strengths in marketing, communications, consulting and omni-channel commerce, all of which are equally important to best help clients achieve their digital transformation. It will also give Publicis Groupe access to new markets and creating new revenue streams. This acquisition fulfills many of Publicis Groupe’s objectives: we will enhance our leadership position in digital, achieve our goal of deriving 50% of our revenues from digital and technology three years ahead of our 2018 plan, and leverage technology, consulting capabilities to expand in new verticals, and offering new and exciting opportunities to our talents.” READ MORE
Visible Measures Secures $7 Million in Growth Capital
Visible Measures, the leader in Content Advertising, today announced that it has closed a $7 million investment round with participation from General Catalyst Partners, Mohr Davidow Ventures, DAG Ventures, Northgate Capital, Commonfund, and Advance Publications. The company will use the funding to continue to help brands win the battle for consumer attention by programmatically leveraging video and native advertiser content.
“There is competition for consumer attention in every major advertiser category. With more noise and media fragmentation than ever before, the question facing modern marketers is ‘How can I win more share of attention for my brand and products?’ The answer is being able to engage audiences with content advertising, programmatically through video and native,” said Brian Shin, CEO and Founder of Visible Measures. “This funding enables us to continue pushing the boundaries of the emerging Content Advertising category, which combines critical aspects of Content Marketing, Programmatic Advertising, and Marketing Automation to deliver maximum brand advertising effectiveness for marketers.” READ MORE
Fashion Project Raises $7.2M in Funding
As reported by Boston Business Journal, according to a regulatory filing, Fashion Project, a marketplace for new and gently-used designer clothing and accessories that gives back directly to the donor’s charity of choice, has raised nearly $7.2 million in new equity funding. READ MORE
EMC Acquires Cloudscaling, Maginatics and Spanning
Today EMC Corporation (NYSE:EMC) announced the acquisition of three cloud technology companies: The Cloudscaling Group, Inc., Maginatics, Inc. and Spanning Cloud Apps, Inc. Each company brings to EMC deep expertise and powerful capabilities that enable EMC to extend the reach of its hybrid cloud vision across cloud infrastructure, storage and data protection. The acquisitions, together with today’s announcement of the EMC Enterprise Hybrid Cloud Solution, underscore EMC’s commitment to customers to deliver choice and agility in hybrid cloud deployments.
Businesses are demanding more than ever from IT. They want choice in devices, rapid creation and deployment of new services, and flexibility as to where applications live, how they are managed and by whom. Against this backdrop, they want to do more with less, lower their costs and have the ability to scale instantaneously. To meet these expectations IT organizations must deliver IT-as-a-Service (ITaaS) via a Well-Run Hybrid Cloud that brings together the performance, security, and control of private cloud with the flexibility and cost advantages of public cloud. READ MORE
Digital Lumens Secures $23 Million in New Financing
Digital Lumens, the leader in intelligent LED lighting, today announced $23 million in funding from new investors Nokia Growth Partners, Aster Capital, and Goldman Sachs, and current investors, Flybridge Capital Partners, Black Coral Capital, and Stata Ventures. Funds will be used to scale operations, expand product development, and increase sales and marketing as the company rapidly bolsters its global footprint. (Translated versions: French, Spanish, Italian and German)
“From consumer to industrial markets, the connected world presents new opportunities for efficiency, insight, comfort, safety, and operational intelligence – all delivered via next-generation lighting systems,” said Tom Pincince, President and CEO of Digital Lumens. “Our platform gives customers the most direct access to enterprise-scale building and energy intelligence – through the lens of their lighting network. With deep roots in traditional industrial infrastructure and strong commitments to the IoT, our investors see Digital Lumens as the embodiment of the connected enterprise, and are excellent partners for our continued technology and market expansion.” READ MORE
Progress Software Announces Intent to Acquire Telerik
Progress Software Corporation (NASDAQ:PRGS) today announced that it has entered into a definitive agreement to acquire privately held Telerik AD, a leading provider of application development tools, for $262.5 million. Telerik enables its 1.4 million strong developer community to create compelling user experiences across cloud, web, mobile and desktop applications. Telerik's revenue for the last twelve months was over $60 million, with annual bookings growth of over 20%. Progress expects the addition of Telerik to be slightly accretive on a Non-GAAP basis in the first year following the acquisition.
The combination of Progress and Telerik will create a comprehensive cloud and on-premise platform offering that enables developers to rapidly create beautiful applications driven by data for any device or cloud. The combined offering will enable developers to create highly personalized user experiences, powerful applications and connections to multiple data sources without being limited by cloud or device. READ MORE
BitSight Acquires AnubisNetworks
BitSight Technologies, the standard in Security Ratings, today announced the acquisition of AnubisNetworks, a real-time data threat provider based in Porto, Portugal. The integration of AnubisNetworks extends BitSight’s position as the leading provider of information security ratings for organizations around the world. AnubisNetworks is already incorporated into the BitSight technology, and it will continue to serve as a key provider of the data that drives BitSight’s world-class ratings.
“Anyone can score a company’s information security, but it takes a powerful analytics technology like the AnubisNetworks platform to provide the quality, breadth and innovation necessary to truly rate a company’s security effectiveness,” said Shaun McConnon, CEO of BitSight Technologies. “We are delighted to be able to leverage the unique technology, cyber skills and business friendly environment that we have encountered in Portugal.” READ MORE
Benu Announces $27.7 Million Strategic Funding
Benu Networks, the innovative provider of networking and software solutions for network operators deploying Wi-Fi and Cloud services, announces strategic investors Liberty Global Ventures and Arris Group participate in Benu’s funding round of $27.7 Million. In addition, Benu announces the hiring of industry tech veteran Dino Di Palma as Chief Executive Officer. Existing investors Spark Capital, Sutter Hill Ventures, and Comcast Ventures also participate.
“Benu’s innovative solution will allow operators to deliver services and manage policies on a user and device level irrespective of access type. This approach opens up a range of new business opportunities in terms of service innovation, delivery cost, and velocity” said Dan Hennessy, Chief Architecture Officer at Liberty Global. READ MORE
Fiksu Secures $10 Million in Debt Funding
BOSTON – OCTOBER 21, 2014 – Fiksu (www.fiksu.com), a data-driven mobile ad tech company, today announced it secured $10 million in mezzanine debt funding from Silicon Valley Bank. The company plans to use the funding to continue to support further global expansion and ongoing development for the company’s award winning Programmatic Mobile Demand Platform. This financing comes on heels of the announcement that the company surpassed $100 million in annual revenue and hired Kenneth Goldman as CFO.
Fiksu experienced exceptional growth this year, adding over 100 employees bringing the employee count to almost 300 and driving over 1 billion client downloads in nine months, accelerating the company's trajectory as the leader in mobile marketing. Fiksu counts leading brands such as Coca-Cola, Disney, The New York Times, Dunkin’ Donuts, Groupon and Topps among the customers it works with to optimize mobile ad targeting and enhance campaign performance.
“This has been a banner year of domestic and international growth, marquee customer wins and unprecedented revenue milestones for Fiksu,” said Kenneth Goldman, CFO, Fiksu. “This financing enables us to continue to capitalize on the burgeoning market opportunities before us, and the partnership with Silicon Valley Bank—with its proven history of success working with high tech innovators—will certainly help us to reach our expansive growth goals.”
In addition to offices in San Francisco and Northampton, Massachusetts—and overseas in London, Finland, Singapore, South Korea and Japan—the company is doubling its office space in its Boston headquarters and recently opened new U.S. offices in New York City, Chicago and Los Angeles. Fiksu expects to continue aggressively expanding its global workforce in the coming year.
“It is our pleasure to work with Fiksu, and other innovative companies around the world that are leading their industries, as they reach new levels of success and pursue ambitious goals,” said Dan Allred, market manager, of Silicon Valley Bank in Boston. “Our aim is to help the Fisku team move its business forward quickly with the right financing, connections and global services it needs as the company expands globally and prepares for its next phase of growth.”
Fiksu has previously raised two rounds of equity funding from Charles River Ventures and Qualcomm Ventures.
Fiksu is the leading provider of mobile marketing products. A data-driven mobile ad tech company, the power of Fiksu is fueled by information assets from over 3.3 billion app installs and 4.7 trillion marketing events tracked across 1.7 billion devices. The company’s patent-pending Programmatic Mobile Demand Platform applies intelligent technology to proprietary big data to master ALL the challenges of mobile advertising – including tracking, optimization, media buying and integration. This cohesive approach spans the entire mobile ecosystem and ultimately delivers the best marketing performance. Additionally, Fiksu offers FreeMyApps®, the world’s largest app discovery platform where users are rewarded. Based in Boston, Mass., Fiksu is venture-backed by Qualcomm Ventures and Charles River Ventures. More at www.fiksu.com, @Fiksu, and on the Fiksu blog.
About Silicon Valley Bank
Banking the world's most innovative companies and exclusive wineries, SVB offers diverse financial services, knowledge, global networks, and world class service to increase our clients' probability of success. With more than $33 billion in assets and more than 1,700 employees, we provide commercial, international and private banking through our locations around the world. Forbes Magazine ranks us among America's Best Banks and Fortune named SVB one of the best places to work. (Nasdaq: SIVB) www.svb.com.
Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System.
Silicon Valley Bank
Cazena Raises $8 Million In Series A Funding
BIG DATA STARTUP CAZENA RAISES $8 MILLION IN SERIES A FUNDING LED BY ANDREESSEN HOROWITZ & NORTH BRIDGE VENTURE PARTNERS
Cazena today announced it has assembled a team of technology luminaries to take on the next challenge in big data. To execute its vision, Cazena has raised $8 million in Series A funding led by Andreessen Horowitz and North Bridge Venture Partners.
Cazena was founded by former leaders from Netezza where the team pioneered big data appliances. Netezza was acquired by IBM in 2010 for $1.7 billion. “We are thrilled to announce Cazena and our investors,” said Prat Moghe, founder and CEO of Cazena. Moghe was previously senior vice president at Netezza, where he launched the latest generation of its market-leading appliance and brings a wealth of experience in the space. “Today big data is too hard and too slow. It takes months to implement enterprise big data infrastructure, and millions of dollars of on-going annual investment of resources that do not scale with growing data.” READ MORE
Lose It! Raises Seed Round of Funding
Lose It!, a consumer web & mobile companies in the Boston area, has raised an initial round of seed capital led by General Catalyst.
Digital Guardian Acquires Armor5
Digital Guardian, the only security solution to protect data from insider and outsider threats with a single agent, has acquired Armor5, a 2014 Gartner Cool Vendor in Application and Endpoint Security.
Armor5 offers the only zero touch, 100% cloud-based or on-premise solution that enables access to a company’s network, virtualizes enterprise data and applications, and provisions secure and compliant access for every end user. The Armor5 Zero Touch approach requires no installs or configuration on the device or DMZ, operates without a performance deficit and leaves no data on mobile devices. Armor5 protects enterprise data resources when accessed from any device. It was founded in 2012 by former executives from Adobe, Motorola and Yahoo and was backed by Citrix Startup Accelerator, Trinity Ventures and Nexus Venture Partners. READ MORE
Quantopian Raises $15M in Funding
Algorithmic investing platform, Quantopian announced today that it has secured $15 million in Series B financing from lead investor Bessemer Venture Partners (BVP), with returning top-tier investors, Khosla Ventures, Spark Capital, and Wicklow Capital also participating. With this round of funding, the company will develop the Quantopian Managers Program - a hedge fund that allocates capital to the top-performing quants in the community.
As part of the funding, BVP partner Rob Stavis will join the board of directors. “Quantopian is the premier developer platform for algorithmic trading across various security types and has an unparalleled community of top algorithmic and financial talent,” said partner, Rob Stavis. “We are excited to work with Quantopian to create a new category in asset management. For Bessemer, it’s an exciting business that exists at the intersection of two areas of investment interest: disruptive asset management and platforms for software developers...READ MORE
Demandware Acquires CQuotient
Demandware® Inc. (NYSE: DWRE) the industry-leading provider of enterprise cloud commerce solutions, today announced that it has acquired CQuotient, a next-generation cloud personalization provider.
The acquisition of CQuotient will accelerate Demandware’s plans to turn the valuable data created across its community of leading retail brands into actionable insights that empower retailers to optimize their business and differentiate consumer shopping experiences. READ MORE
EverTrue Raises $8M Series B
EverTrue (www.evertrue.com), a social donor management platform, today announced $8Min Series B funding led by Bain Capital Ventures, with participation from Silicon Valley Bank. This latest round of funding brings the company's total financing to $14.5M. EverTrue plans to use the capital to support further investments in engineering, data science and customer success.
TechStars Boston alumnus and MassChallenge winner EverTrue works with more than 250 organizations, including leading higher education institutions and independent schools. Powered by social networks including LinkedIn and Facebook, the EverTrue platform provides real-time intelligence to support donor identification and prospect management... READ MORE
NetScout Systems to Acquire Danaher’s Communications Business
NetScout Systems, Inc. (NASDAQ: NTCT), a market leading provider of performance analytics and operational intelligence solutions, today announced that it has entered into a definitive agreement to acquire the Communications business of Danaher Corporation (NYSE: DHR), comprising Tektronix Communications, Arbor Networks, and certain parts of Fluke Networks. Under the terms of the transaction, Danaher shareholders will receive approximately 62.5 million shares of NetScout common stock, which values the transaction at $2.6 billion based on NetScout’s closing price of $41.91 on October 10, 2014. The transaction will increase NetScout’s scale and broaden its customer base in both the service provider and enterprise markets, while accelerating NetScout’s entry into the Cyber Intelligence market. On a non-GAAP basis, the combined company is expected to have revenue exceeding $1.2 billion and the transaction is expected be accretive in the first year of combined operation. The transaction is expected to close in the first half of NetScout’s fiscal year 2016.
"This combination represents another important step, and a major milestone, towards accelerating our ability to compete on a larger and more global scale in the broader IT management and Cyber Intelligence space, to fully implement our NetScout 3.0 strategy, and to maximize our potential in our total addressable market," stated Anil Singhal, co-founder, president and CEO of NetScout. READ MORE
StringCan Interactive Acquires Baked & Branded
Combined company merges marketing innovation with application technology development to answer market need; Eric Sullivan appointed president of Baked & Branded, chief technology officer of StringCan Interactive
StringCan Interactive, which makes digital complexity simple through strategic online marketing, branding and technology services, today announced that it has acquired Boston-based Baked & Branded, a technology services firm specializing in bringing startups to market. The combined company will merge creative strategy with application technology development to offer an all-inclusive solution for brands. As part of StringCan Interactive, Baked & Branded’s Chief Operating Officer Eric Sullivan will become StringCan’s chief technology officer (CTO) and president of Baked & Branded, serving clients worldwide.
Today’s connected individual expects access to brands and content 24/7, regardless of the device. Marketers need access to advanced technology alongside their marketing efforts now more than ever; the two can no longer be separate from each other. Recognizing that need, StringCan Interactive and Baked & Branded have worked together as partners for the last year on both startup and emerging company launches and large, complex projects such as the World Trade Centers Association global digital marketing and technology platform. With the acquisition of Baked & Branded, StringCan Interactive can now provide agile and flexible end-to-end technology and marketing strategy, and execution to clients looking for solutions to complex problems, all under one brand. READ MORE
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