News listing

BuyWithMe reported to cut 100 workers

Oct 20, 2011
Publisher: Mass High Tech

BuyWithMe is laying off 100 employees, roughly half its workforce, after it was unable to raise new funding it needed, according to reports.  CEO James Crowley reportedly announced Wednesday that at least 100 people will lose their jobs today, if the Boston- and New York City-based...

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Category: BuyWithMe, Jim Crowley, Mass High Tech

Aveksa hopes new data access tool opens markets

Oct 17, 2011
Publisher: Mass High Tech

Waltham-based enterprise data security form Aveksa Inc. has launched a new product that taps the open source model and will hopefully bring in a new customer base to the company.  Aveksa’s new product is called Access Fulfillment Express, and the word “fulfillment” is a key, according to...

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Category: Aveksa, Mass High Tech

Scvngr grows LevelUp to NY, San Francisco

Oct 12, 2011
Publisher: Mass High Tech

SCVNGR Inc. said Wednesday it has expanded a retooled version of LevelUp, its service that pairs deals at local businesses with a new mobile payment system, into New York City and San Francisco.  The Cambridge-based startup said it’s taking the location-based app service beyond its two pilot markets...

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Category: LevelUp, Mass High Tech, SCVNGR, Seth Priebatsch

Despite jobs lost, Mass. still a leader in U.S. tech employment

Oct 5, 2011
Publisher: Mass High Tech

Massachusetts held onto its sixth place slot for tech employment in 2010, although the state did lose 2,200 tech jobs between 2009 and 2010.  The positive news is that the almost one percent drop in tech jobs was lower than the figure for all of the U.S. Across the country...

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Category: Jobs, Mass High Tech

Kayak CEO Hafner says IPO plans haven't changed

Sep 30, 2011
Publisher: Mass High Tech

Kayak Software Corp. CEO Steve Hafner on Friday refuted an earlier report that indicated the company is putting its IPO plans on hold.  The AllThingsD report Thursday quoted Kayak’s chief marketing officer saying the equity markets are too volatile for an IPO. However, the report said the company would...

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Category: IPO, Kayak, Mass High Tech

Report: Kayak beaches IPO plans

Sep 30, 2011
Publisher: Mass High Tech

Kayak Software Corp. is putting a hold on its IPO plans, although the Norwalk, Conn.-based travel search company, which has its technology office in Concord, plans to keep its registration on file, according to a report published Thursday by AllThingsD.  According to the report, Kayak chief marketing officer Robert Birge...

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Category: IPO, Kayak, Mass High Tech

Noncompete agreements in Mass. poised for compromise

Sep 19, 2011
Publisher: Mass High Tech

The all-or-nothing arguments of a few years ago may be moving into the realm of gray areas when it comes to noncompete agreements in Massachusetts. At a State House hearing on Thursday, defenders of the state’s current law allowing companies to enforce employee noncompete agreements and those who would ban noncompetes both had their say before the Joint Committee on... Read more

Category: Mass High Tech, Non-competes

How much money should an entrepreneur raise?

Sep 9, 2011
Publisher: Mass High Tech

“How much money should I raise?” asks the new entrepreneur to anyone who will listen. The answers, unfortunately, are all over the map: “Nothing! Bootstrap”; “As much as you can”; “Ask the investor”; “Enough for the first six months/one year/two years”; “Plan at least two rounds ahead”… Being an entrepreneur is tough! I raised Angel and VC money for two startups... Read more

Category: Christopher Noble, Mass High Tech, Venture Capital

Massachusetts' digital domination: It's closer than you think

Aug 19, 2011
Publisher: Mass High Tech

Now is our time to claim our title: Boston as the hub of modern marketing. The digital economy in Massachusetts makes up $28 billion in revenues, second only to life sciences in the state. That encompasses 87,000 jobs and almost 3,000 companies according to our 2010 study of the industry. Being close to the startup community here, I’d venture to guess that... Read more

Category: Debi Kleiman, Mass High Tech, MITX

PowerInbox moving to Cambridge, opens email app to the public

Aug 16, 2011
Publisher: Mass High Tech

PowerInbox, a startup born in Florida, has relocated to the area, operating out of the Cambridge offices of its main investor, Atlas Venture, which led its recent $1.1 million funding round. The company will soon be moving to new digs at 129 Franklin St. in Cambridge, and also today announced it opened up its enhanced email inbox service to the public for the first time... Read more

Category: Atlas Venture, Mass High Tech, PowerInbox