You’re an unfunded early-stage startup and your sole venture backer sends you a check for millions of dollars. Unfortunately, it’s made out to the wrong company name, so you can’t deposit it. What do you do? You change your name, of course. That’s how Primary Networks became Acme Packet. The Burlington, MA, maker of Internet switching equipment and Read more
Category: Acme Packet, XconomyVistaprint Ltd. has received two doses of bad news this week: a negative analyst report that says a U.S. Senate investigation could threaten nearly half the company’s net income, and a lawsuit claiming the online custom printing service firm copied its printing process from a New Jersey-based competitor. New Jersey-based ColorQuick LLC has filed a Read more
Category: Mass High Tech, VistaPrintEMC Corp., the maker of disk storage and information management software, reported a 43 percent year-over-year drop in net income and an 11 percent drop in revenue for the second quarter, but company officials said they expect to generate double-digit revenue growth once IT budgets return to normal. Hopkinton, Mass.-based EMC (NYSE: EMC) reported second quarter Read more
Category: Boston Business Journal, EMCTechnology entrepreneurship can be a lonely road. Not only do you have to convince a few friends or colleagues to work hundred-hour weeks for the next several years in support of your wild idea, but you’ve got to make it past the elevator pitch with at least one funder, and then prove that your idea can gain a toehold in the marketplace. But in the Read more
Category: Start@Spark, Summer@Highland, TechStars, XconomyAs the federal government turns its eye to nationwide health-care reform, HealthEdge Software Inc. feels itself on the brink of a big opportunity. The Burlington-based company makes software designed to allow health insurance companies to nimbly tailor policies and procedures based on an individual’s changing health-care needs. The Read more
Category: Enterprise Software, Healthedge, Mass High TechAre you smarter than Paris Hilton? If you could know the exact time, date, and location of your death, would you want to know? Which Harry Potter character are you? If you could only have one home gaming system for the rest of your life, which one would you pick? It wouldn’t be hard to spend your whole day responding to online polls focused on Read more
Category: Pangea Media, XconomyThe economic climate these days reminds me of the famous line about the weather at the “Crosby Clambake” golf tournament (now the AT&T Pebble Beach National Pro-Am) held each February on California’s Monterey peninsula, in unpredictable conditions that shift quickly from sun to cold and rain: “There’s plenty of it.” So it seemed a good time to get out Read more
Category: John Landry, Michael Greeley, XconomyNascent data virtualization startup Akiba Technologies Inc. has taken in $6.5 million in funding, according to federal documents. The Boston-based company listed 10 investors in its filing with the U.S. Securities and Exchange Commission but did not disclose the names. Listed as sitting on the board of directors of Akiba, however, is Michael Skok Read more
Category: Akiba, Data Management, Mass High Tech, VirtualizationBeing neither heterosexual nor much of a sports fan, I’ve never quite understood the annual excitement generated by the Sports Illustrated swimsuit issue. But lots of folks out there will no doubt be glad to hear that the swimsuit models, like everything else these days, are now available as an iPhone app. Azuki Systems, the Acton, MA, mobile developer Read more
Category: Azuki Systems, iPhone, Mobile, XconomyRegulatory documents filed with the Securities and Exchange Commission yesterday indicate that HealthEdge Software of Burlington, MA, has collected $3.5 million in venture financing. Ray Desrochers, HealthEdge’s chief operating officer, said the funds represent the third tranche of a $13 million venture round announced last year from the company’s sole Read more
Category: Enterprise Software, Healthedge, Xconomy