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Fundings
Interwise Raises $9 Million of Venture Capital - Cambridge, MA
Interwise, a Cambridge-based provider of voice, web and video conferencing technology, has raised $9 million of venture capital with a group of investors including Lazard Technology Partners, Jim Manzi, Wall Street Technology Partners, Leeds Equity and GIMV. Interwise launched its first product last year. The company said on Tuesday that it has “more worldwide deployments of 5,000-plus seats than any other enterprise conferencing solution on the market." http://www.interwise.com/press_detail.asp?pressid=139 Read more Add new comment
Category: Other SoftwareSavaJe Technologies Raises $4.2 Million in First Round - Chelmsford, MA
SavaJe Technologies, the Chelmsford-based provider of an open standards-based, Java platform for mobile phones, has raised about $4.2 million in a “recap" of its first round of venture capital, Private Equity Week reported on Tuesday, citing a regulatory filing. Investors in SavaJe include RRE Ventures, Ridgewood Capital and Vodafone, the report said. SavaJe was founded in 1999. The company has raised a total of about $80 million to date. http://www.savaje.com Read more Add new comment
Category: Mobile / WirelessInteractive Constructs is acquired by Follett Corporation - Medford, MA
Interactive Constructs, an e-learning software and services company, has been acquired by Follett Corporation. Terms of the transaction were not disclosed. http://www.iconstructs.com Read more Add new comment
Category: IT & Management Consulting, Other SoftwareMRO Software to be Acquired by IBM for $740 Million - Bedford, MA
MRO Software, a Bedford-based provider of business asset management software, has agreed to be acquired by information technology giant IBM for $740 million in cash. “In a recent IBM study, 40% of CEOs indicated that asset utilization would be a key focus in strengthening financial performance," said Al Zollar, general manager, IBM Tivoli software, commenting on the deal. “MRO software is a powerful addition to IBM's portfolio of software and services," he said. MRO has approximately 900 employees and more than 300,000 end users. http://www.mro.com/corporate/mro/news_press_ibm.php Read more Add new comment
Category: Enterprise SoftwareMaven Networks Raises $12 Million in Third Round of Venture Capital - Cambridge, MA
Maven Networks, a Cambridge-based developer of broadband video delivery systems, has raised $12 million in its third round of venture capital, led by Prism Venture Partners, based in Westwood. Maven Networks' products allow media companies to create, manage and deliver broadband video channels that support direct-to-consumer services and generate new revenue streams. Its customers include 20th Century Fox, A&E Television Networks International, Disney Buena Vista Pictures, Hallmark Channel, National Geographic Channel, Pepsi, Nike, and Sony Pictures. Other investors in Maven's latest funding round include Palo Alto-based Accel Partners and General Catalyst Partners of Cambridge. The company has raised a total of $30 million to date. http://www.maven.net/company/pr_maven_funding.php Read more Add new comment
Category: Digital Media, Enterprise SoftwareMatrix Partners Raises $150 Million for India Fund- Waltham, MA
Matrix Partners, a Waltham-based venture capital firm, has raised $150 million for a new fund to be focused on investments with technology businesses in India. The fund was co-founded by Avnish Bajaj, a founder and former chairman and CEO of Baazee.com, an online marketplace that was acquired by eBay, and Rishi Navani, previously managing director of WestBridge Capital Partners. Among the business sectors on which the new fund will concentrate are Internet, mobile services, and media/entertainment, the firm announced. Matrix manages a total of about $2.5 billion in assets. http://www.matrixpartners.com/index.asp Read more Add new comment
Category: UncategorizedPodZinger Raises $5 Million from Parent Company BBN - Cambridge, MA
PodZinger, a Cambridge-based provider of audio and video search engine technology, has received a $5 million injection from its parent company, BBN Technologies, an IT development firm. PodZinger said that it will use the funding to grow its consumer web site and build its customer base for audio and video search technology. The company also plans to continue expansion of recruiting and marketing initiatives. http://www.podzinger.com Read more Add new comment
Category: Enterprise Software, SearchmindSHIFT Technologies Raises $18.4 Million in Third Round - Waltham, MA
mindSHIFT Technologies, a provider of IT management services for small and medium-size businesses, has raised $18.4 million in its third round of venture capital, led by Columbia Capital and Fidelity Ventures. A third, new investor with the company, TD Fund, based in Washington, D.C., also participated in the deal, said Paul Chisholm, CEO of MindShift. With about 170 employees in Waltham, New York, Philadelphia and Washington, MindShift focuses on the legal and professional services industries. http://www.mindshift.com Read more Add new comment
Category: IT & Management ConsultingPanraven Raises $1.75 Million in Second Round - Cambridge, MA
Panraven, a Cambridge-based provider of online tools for posting pictures and information about personal travel and vacation stories, has raised $1.75 million in its second round of venture capital, Private Equity week reported. Investors in the company include Tim Draper, Manny Fernandez and David Flaschen. Panraven was founded in June 2005. The company also offers hardbound printing services. http://www.panraven.com Read more Add new comment
Category: Consumer Web, InternetMotorola to acquire Broadbus Technologies - Boxborough, MA
Motorola, Inc. (NYSE: MOT) today announced that it will acquire privately-held Broadbus Technologies, Inc., a Boxborough, Ma.-based provider of technology solutions for Television On-Demand (TOD®). Broadbus Technologies' industry-leading, carrier-class technology solutions enable the distribution of on-demand content to consumers through multiple devices. The company's innovative solid-state server architecture is based on the intelligent configuration and management of dynamic random-access memory (DRAM). As a result, the platform can use less space and power than traditional hard-disk based technology, while providing performance, reliability and scalability improvements for video ingest, streaming, and storage. http://www.motorola.com/mediacenter/news/detail.jsp?globalObjectId=7058_7007_23 Read more Add new comment
Category: Digital Media, Hardware, Other SoftwareInceptor Acquired by Verizon Directories Corp. - Maynard, MA
Inceptor, a privately held, Maynard-based provider of search marketing technology, has been acquired by Verizon Directories Corp., a subsidiary of Verizon Communications. Financial terms of the deal were not disclosed. Verizon said that the deal enhances its SuperPages.com service's efforts to maximize exposure for advertisers who want qualified sales leads. http://newscenter.verizon.com/ Read more Add new comment
Category: Marketing & Advertising SolutionsReflexis Raises $10 Million from Pequot Ventures - Norwood, MA
Reflexis Systems, a Norwood-based provider of management software for retail businesses, has raised $10 million in a round of venture capital led by Pequot Ventures. With offices in London and a large development center in India, Reflexis offers software designed to help retailers synchronize corporate strategy and "store-level action." Its customers include Staples, The Home Depot, Food Lion, Dick's Sporting Goods, B&Q, Circuit City, among others. http://www.reflexisinc.com/ Read more Add new comment
Category: Other SoftwareSmartTime acquired by Kronos - Framingham, MA
Kronos Inc., a provider of workforce management software and services, said that it acquired certain assets of workforce optimization company SmartTime Software Inc. in a $2.2 million cash transaction. http://www.kronos.com/SmartTime/ Read more Add new comment
Category: Enterprise SoftwareRadianse Raises $6 Million in Second Round - Lawrence, MA
Radianse, a Lawrence-based provider of tracking technology for hospitals, has raised $6 million in its second round of venture capital, led by National Healthcare Services. Other investors in the deal include HLM Venture Partners, Partech International, Ascension Health Ventures, Kaiser Permanente National Venture Development and Partners Healthcare. Radianse provides hospitals with active-RFID tags, LAN-ready receivers and web-based location analysis software to locate medical equipment, patients and staff. http://www.radianse.com Read more Add new comment
Category: Enterprise SoftwareCA Acquires XOSoft - Waltham, MA
CA today continued to extend its storage management portfolio with the acquisition of privately-held XOsoft, Inc., a leading provider of continuous application availability solutions that minimize application downtime and accelerate time to recovery. The acquisition enables CA to offer a complete recovery management solution that allows customers to minimize the risk of data loss, reduce the time spent on backups and expedite recovery of critical business services. http://www3.ca.com/Press/pressrelease.aspx?CID=91079 Read more Add new comment
Category: Infrastructure, Storage, Security